Gryphon Property Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 09014546 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 28 APRIL 2014 TO 30 JUNE 2015

FOR

GRYPHON PROPERTY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

J D Ross

H S Ross

REGISTERED OFFICE:

37 Sydney Avenue

Hamble

Southampton

SO31 4JQ

REGISTERED NUMBER:

09014546 (England and Wales)

ACCOUNTANTS:

Kemps Accounting Solutions Limited

Chartered Accountants

84 High Street

Broadstairs

Kent

CT10 1JJ

BANKERS:

Barclays Bank PLC

50-52 London Road

Southampton

SO15 2SF

FIXED ASSETS

Tangible assets

2

791

Investment property

3

165,000

165,791

CURRENT ASSETS

Stocks

172,119

Debtors

398

Prepayments and accrued income

7,925

Cash in hand

577

181,019

CREDITORS

Amounts falling due within one year

340,114

NET CURRENT LIABILITIES

(159,095

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,696

PROVISIONS FOR LIABILITIES

158

NET ASSETS

6,538

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

6,536

SHAREHOLDERS' FUNDS

6,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 September 2015 and were signed on its behalf by:

J D Ross - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Tangible fixed assets

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

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

Investment properties

The company has adopted statement of standard accounting policy 19 in respect of investment properties. This

represents a true and fair override of the Companies Act 1985 provisions with respect to the depreciation of fixed

assets. At each year-end investment properties will be revalued to reflect any material change in market value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,186

At 30 June 2015

1,186

DEPRECIATION

Charge for period

395

At 30 June 2015

395

NET BOOK VALUE

At 30 June 2015

791

3.	INVESTMENT PROPERTY

Total

£

COST

Additions

165,000

At 30 June 2015

165,000

NET BOOK VALUE

At 30 June 2015

165,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

£1

2

2 ordinary shares were issued for cash at par during the period.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Gryphon Property Ltd for the period ended 30 June 2015 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Gryphon Property Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gryphon Property Ltd and state those matters that we have agreed to state to the Board of Directors of Gryphon Property Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gryphon Property Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gryphon Property Ltd. You consider that Gryphon Property Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Gryphon Property Ltd. For

this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kemps Accounting Solutions Limited

Chartered Accountants

84 High Street

Broadstairs

Kent

CT10 1JJ

30 September 2015