| Griffiths Wells Ltd |
| Registered number: |
15881823 |
| Balance Sheet |
| as at 31 August 2025 |
|
| Notes |
|
|
|
|
|
2025 |
| £ |
| Fixed assets |
| Investment property |
3 |
|
|
|
|
|
280,191 |
|
| Current assets |
| Debtors |
4 |
|
|
|
|
2 |
| Cash at bank and in hand |
|
|
|
|
|
2,364 |
|
|
|
|
|
|
2,366 |
|
| Creditors: amounts falling due within one year |
5 |
|
|
|
|
(143,507) |
|
| Net current liabilities |
|
|
|
|
|
|
(141,141) |
|
| Total assets less current liabilities |
|
|
|
|
|
|
139,050 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
|
|
|
(139,984) |
|
| Net liabilities |
|
|
|
|
|
|
(934) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
|
|
|
2 |
| Profit and loss account |
|
|
|
|
|
|
(936) |
|
| Shareholders' funds |
|
|
|
|
|
|
(934) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr E J S Griffiths |
| Director |
| Approved by the board on 06/05/2026. |
|
| Griffiths Wells Ltd |
| Notes to the Accounts |
| for the period from 6 August 2024 to 31 August 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. |
|
|
Turnover |
|
Turnover represents rents received and receivable, excluding VAT. |
|
|
Investment property |
|
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2025 |
| Number |
|
|
Average number of persons employed by the company |
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investment property |
| Total |
| £ |
|
Fair value |
|
Additions |
280,191 |
|
|
At 31 August 2025 |
280,191 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 31 August 2025 |
280,191 |
|
|
|
|
|
|
|
|
|
The investment property was valued on an open market basis on 31 August 2025 by the directors. |
|
|
| 4 |
Debtors |
2025 |
| £ |
|
|
Trade debtors |
2 |
|
|
|
|
|
|
|
|
2 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
| £ |
|
|
Directors' current account |
|
|
|
|
|
|
142,312 |
|
Accruals and deferred income |
1,195 |
|
|
|
|
|
|
|
|
143,507 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
| £ |
|
|
Bank loans |
139,984 |
|
|
|
|
|
|
|
|
139,984 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
| £ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
139,984 |
|
|
|
|
|
|
|
|
139,984 |
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
139,984 |
|
|
|
|
|
|
|
|
|
|
Bank loans are secured over the properties to which they relate. |
|
|
| 8 |
Related party transactions |
|
|
During the period £142,314 was advanced from and £2 was repaid to the directors. An amount of £142,312 remained due to the directors at the period end. |
|
|
| 9 |
Other information |
|
|
Griffiths Wells Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
55 Pevensey Road |
|
London |
|
England |
|
SW17 0HP |