0 false false false false false false false false false true false false false false false false No description of principal activity 2022-02-01 Sage Accounts Production Advanced 2021 - FRS102_2021 521,047 31,902 10,635 42,537 478,510 489,145 1,169,114 1,169,114 1,169,114 xbrli:pure xbrli:shares iso4217:GBP 11735706 2022-02-01 2023-01-31 11735706 2023-01-31 11735706 2022-01-31 11735706 2022-01-31 11735706 bus:Director1 2022-02-01 2023-01-31 11735706 core:LandBuildings core:OwnedOrFreeholdAssets 2022-01-31 11735706 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-31 11735706 core:WithinOneYear 2023-01-31 11735706 core:WithinOneYear 2022-01-31 11735706 core:AfterOneYear 2023-01-31 11735706 core:AfterOneYear 2022-01-31 11735706 core:ShareCapital 2023-01-31 11735706 core:ShareCapital 2022-01-31 11735706 core:RetainedEarningsAccumulatedLosses 2023-01-31 11735706 core:RetainedEarningsAccumulatedLosses 2022-01-31 11735706 core:LandBuildings core:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 11735706 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 11735706 core:Non-currentFinancialInstruments 2023-01-31 11735706 core:Non-currentFinancialInstruments 2022-01-31 11735706 core:LandBuildings core:OwnedOrFreeholdAssets 2022-01-31 11735706 bus:Director1 2022-01-31 11735706 bus:Director1 2023-01-31 11735706 bus:Director1 2021-01-31 11735706 bus:Director1 2022-01-31 11735706 bus:Director1 2021-02-01 2022-01-31 11735706 bus:SmallEntities 2022-02-01 2023-01-31 11735706 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 11735706 bus:FullAccounts 2022-02-01 2023-01-31 11735706 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 11735706 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31
COMPANY REGISTRATION NUMBER: 11735706
GREYCAT GARDEN CENTRES LIMITED
Filleted Unaudited Financial Statements
31 January 2023
GREYCAT GARDEN CENTRES LIMITED
Statement of Financial Position
31 January 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
478,510
489,145
Investments
5
1,169,114
1,169,114
------------
------------
1,647,624
1,658,259
Current assets
Debtors
6
13,602
1,426
Cash at bank and in hand
3,903
3,087
--------
-------
17,505
4,513
Creditors: amounts falling due within one year
7
636,389
629,963
---------
---------
Net current liabilities
618,884
625,450
------------
------------
Total assets less current liabilities
1,028,740
1,032,809
Creditors: amounts falling due after more than one year
8
909,799
945,460
------------
------------
Net assets
118,941
87,349
------------
------------
Capital and reserves
Called up share capital
10
10
Profit and loss account
118,931
87,339
---------
--------
Shareholder funds
118,941
87,349
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
GREYCAT GARDEN CENTRES LIMITED
Statement of Financial Position (continued)
31 January 2023
These financial statements were approved by the board of directors and authorised for issue on 16 October 2023 , and are signed on behalf of the board by:
Mr C I Orme
Director
Company registration number: 11735706
GREYCAT GARDEN CENTRES LIMITED
Notes to the Financial Statements
Year ended 31st January 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17 Newstead Grove, NOTTINGHAM, NG1 4GZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis., The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
Between 2.5% and 10%
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument .
4. Tangible assets
Freehold property
£
Cost
At 1st February 2022 and 31st January 2023
521,047
---------
Depreciation
At 1st February 2022
31,902
Charge for the year
10,635
---------
At 31st January 2023
42,537
---------
Carrying amount
At 31st January 2023
478,510
---------
At 31st January 2022
489,145
---------
5. Investments
Shares in group undertakings
£
Cost
At 1st February 2022 and 31st January 2023
1,169,114
------------
Impairment
At 1st February 2022 and 31st January 2023
------------
Carrying amount
At 31st January 2023
1,169,114
------------
At 31st January 2022
1,169,114
------------
6. Debtors
2023
2022
£
£
Other debtors
13,602
1,426
--------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
67,566
81,287
Amounts owed to group undertakings and undertakings in which the company has a participating interest
462,131
443,133
Corporation tax
9,905
10,531
Other creditors
96,787
95,012
---------
---------
636,389
629,963
---------
---------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
909,799
945,460
---------
---------
Included within creditors: amounts falling due after more than one year is an amount of £652,803 (2022: £720,369) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
There are two bank loans, the first loan, for 8 years and ten months ending in 2027 at an interest rate of 3.75% over base rate and the second loan is payable over 20 years ending in 2039 at 1.85% over base rate.
The bank loans are secured with a fixed and floating charge over the all the assets of the company and its subsidiary New Hollybeck Nurseries Limited.
9. Financial instruments
The carrying amount for each category of financial instrument is as follows:
2023
2022
£
£
Financial liabilities measured at amortised cost
Financial liabilities measured at amortised cost
977,365
1,026,747
---------
------------
10. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr C I Orme
( 92,799)
( 92,799)
--------
----
--------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr C I Orme
( 138,799)
46,000
( 92,799)
---------
--------
--------