REGISTERED NUMBER: 00643596 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

GRIFFIN DEVELOPMENTS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S A Booth

A.K. Crossley

SECRETARY:

Mrs S A Booth

REGISTERED OFFICE:

104A Yorkshire Street

Rochdale

Lancashire

OL16 1JY

REGISTERED NUMBER:

00643596 (England and Wales)

ACCOUNTANTS:

TC Group

Park House

200 Drake Street

Rochdale

Lancashire

OL16 1PJ

FIXED ASSETS

Intangible assets

4

2,070

2,070

Tangible assets

5

594

696

Investment properties

6

1,635,565

1,635,665

1,638,229

1,638,431

CURRENT ASSETS

Debtors

5,143

5,196

Cash at bank and in hand

86,023

145,763

91,166

150,959

CREDITORS

Amounts falling due within one year

14,682

113,717

NET CURRENT ASSETS

76,484

37,242

TOTAL ASSETS LESS CURRENT LIABILITIES

1,714,713

1,675,673

PROVISIONS FOR LIABILITIES

11,439

11,457

NET ASSETS

1,703,274

1,664,216

CAPITAL AND RESERVES

Called up share capital

650

650

Retained earnings

7

1,702,624

1,663,566

SHAREHOLDERS' FUNDS

1,703,274

1,664,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2025 and were signed on its behalf by:

Mrs S A Booth - Director

1.	STATUTORY INFORMATION

Griffin Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 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 during the year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Ground rents created are not being amortised.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Garages

10% on reducing balance

Fixtures, fittings etc

15% on reducing balance

Computer equipment

25% on reducing balance

Investment properties

Investment properties are properties held to earn rentals and/or capital appreciation. Investment properties are included at fair value. Gains are recognised in the Income Statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

2,070

NET BOOK VALUE

At 31 March 2025

2,070

At 31 March 2024

2,070

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

24,436

DEPRECIATION

At 1 April 2024

23,740

Charge for year

102

At 31 March 2025

23,842

NET BOOK VALUE

At 31 March 2025

594

At 31 March 2024

696

6.	INVESTMENT PROPERTIES

Total

£

COST OR VALUATION

At 1 April 2024

1,635,665

Disposals

(100

)

At 31 March 2025

1,635,565

NET BOOK VALUE

At 31 March 2025

1,635,565

At 31 March 2024

1,635,665

Cost or valuation at 31 March 2025 is represented by:

£

Valuation in 2022

529,174

Cost

1,106,391

1,635,565

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,106,390

1,106,454

Investment properties were valued on a fair value basis on 10 November 2025 by the directors .

7.

RESERVES

Retained

earnings

£

At 1 April 2024

1,663,566

Profit for the year

39,058

At 31 March 2025

1,702,624

Included in reserves is a non-distributable reserve of £517,805 arising on the revaluation of the investment properties to fair value.