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Registered number: 15676083
Gryphon Developments (Yorkshire) Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15676083
2026 2025
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,285,000 719,365
1,285,000 719,365
CURRENT ASSETS
Debtors 5 62,453 (550 )
Cash at bank and in hand 26,877 14,380
89,330 13,830
Creditors: Amounts Falling Due Within One Year 6 (792,520 ) (618,133 )
NET CURRENT ASSETS (LIABILITIES) (703,190 ) (604,303 )
TOTAL ASSETS LESS CURRENT LIABILITIES 581,810 115,062
Creditors: Amounts Falling Due After More Than One Year 7 (499,050 ) (168,300 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (43,000 ) -
NET ASSETS/(LIABILITIES) 39,760 (53,238 )
CAPITAL AND RESERVES
Called up share capital 8 12 12
Fair value reserve 9 129,351 -
Profit and Loss Account (89,603 ) (53,250 )
SHAREHOLDERS' FUNDS 39,760 (53,238)
Page 1
Page 2
For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Roy Chapman
Director
10/07/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gryphon Developments (Yorkshire) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15676083 . The registered office is The Gables, 11 Royd Lane, Higham, Barnsley, S75 1PH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The company is dependent on the support of the directors who have confirmed that they will continue to offer their financial support for the foreseeable future. The directors therefore consider it appropriate to prepare the financial statements on a going concern basis.
2.3. Turnover
The turnover shown in the profit and loss account represents rent receivable during the year, exclusive of VAT
where applicable.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
Page 3
Page 4
4. Investment Property
2026
£
Fair Value
As at 1 May 2025 719,365
Additions 393,284
Fair value adjustments 172,351
As at 30 April 2026 1,285,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2026 2025
£ £
Cost 1,112,649 719,365
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors (1,924 ) (550 )
Other debtors 64,377 -
62,453 (550 )
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 10,034 (1,068 )
Other creditors 782,486 619,201
792,520 618,133
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 499,050 168,300
The bank loans are secured against the investment properties to which they relate.
8. Share Capital
2026 2025
Allotted, called up and fully paid £ £
3 Ordinary A shares of £ 1.00 each 3 3
3 Ordinary B shares of £ 1.00 each 3 3
3 Ordinary C shares of £ 1.00 each 3 3
3 Ordinary D shares of £ 1.00 each 3 3
12 12
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Page 5
9. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 May 2025 - (53,250 )
Profit for the year and total comprehensive income - 92,998
Transfer to/from Other Reserves - (129,351)
Transfer to/from Profit & Loss Account 129,351 -
As at 30 April 2026 129,351 (89,603 )
The fair value reserve includes the cumulative annual fair value adjustments to investment properties of £172,351 (2025 - £nil) along with related deferred tax of £43,000 (2025 - £nil)
10. Related Party Transactions
Included within other creditors due within one year is an amount of £776,936 (2025 - £617,861) due jointly to the directors Mr Phillip Chapman and Mr Roy Chapman. This loan is unsecured, repayable on demand and interest free.
Page 5