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REGISTERED NUMBER: 01633207 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

G. & M. GROWERS LIMITED

G. & M. GROWERS LIMITED (REGISTERED NUMBER: 01633207)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G. & M. GROWERS LIMITED

COMPANY INFORMATION
for the Year Ended 31 AUGUST 2023







DIRECTORS: Mr D Metcalfe
Mr J D Metcalfe
Mr D Yates





SECRETARY: Mr D Metcalfe





REGISTERED OFFICE: 79 Hitchin Road
Upper Caldecote
Biggleswade
Bedfordshire
SG18 9BU





REGISTERED NUMBER: 01633207 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

G. & M. GROWERS LIMITED (REGISTERED NUMBER: 01633207)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 734,616 619,145
Investment property 5 4,088,564 4,088,564
4,823,180 4,707,709

CURRENT ASSETS
Stocks 302,251 405,438
Debtors 6 131,539 192,598
Cash at bank and in hand 2,057,803 1,774,439
2,491,593 2,372,475
CREDITORS
Amounts falling due within one year 7 500,181 501,807
NET CURRENT ASSETS 1,991,412 1,870,668
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,814,592

6,578,377

PROVISIONS FOR LIABILITIES 243,514 210,619
NET ASSETS 6,571,078 6,367,758

CAPITAL AND RESERVES
Called up share capital 8 5,000 5,000
Retained earnings 6,566,078 6,362,758
SHAREHOLDERS' FUNDS 6,571,078 6,367,758

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

G. & M. GROWERS LIMITED (REGISTERED NUMBER: 01633207)

BALANCE SHEET - continued
31 AUGUST 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:




Mr D Yates - Director



Mr J D Metcalfe - Director


G. & M. GROWERS LIMITED (REGISTERED NUMBER: 01633207)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2023

1. STATUTORY INFORMATION

G. & M. Growers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net invoiced sales of goods and shop takings, excluding value added tax.

Rental income
Rental income is recognised when the company is entitled to receive income based on the contractual agreements in force.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

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

Buildings - 2% on cost
Plant and Machinery - 15% on reducing balance
Motor vehicles- 25% on reducing balance

Buildings represent the building costs of the warehouse and shop premises from which the company operates. The freehold land on which the buildings stand is owned personally by the director Mr D Metcalfe.

Grants received
Grants received in relation to fixed assets are recognised in income on a systematic basis over the expected useful life of the asset to which it relates.

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.

In accordance with the Financial Reporting Standards, investment properties are revalued annually.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

G. & M. GROWERS LIMITED (REGISTERED NUMBER: 01633207)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued

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 23 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
Buildings machinery vehicles Totals
£    £    £    £   
COST
At 1 September 2022 1,014,044 727,711 248,712 1,990,467
Additions - 199,353 - 199,353
Disposals - (33,926 ) - (33,926 )
At 31 August 2023 1,014,044 893,138 248,712 2,155,894
DEPRECIATION
At 1 September 2022 515,685 620,021 235,616 1,371,322
Charge for year 20,281 46,779 3,274 70,334
Eliminated on disposal - (20,378 ) - (20,378 )
At 31 August 2023 535,966 646,422 238,890 1,421,278
NET BOOK VALUE
At 31 August 2023 478,078 246,716 9,822 734,616
At 31 August 2022 498,359 107,690 13,096 619,145

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 4,088,564
NET BOOK VALUE
At 31 August 2023 4,088,564
At 31 August 2022 4,088,564

G. & M. GROWERS LIMITED (REGISTERED NUMBER: 01633207)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2023

5. INVESTMENT PROPERTY - continued

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2023 4,088,564

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 3,155,664 3,155,664

The investment property was valued on an open market basis on 31 August 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 106,747 113,675
Other debtors 10,123 10,123
Directors' loan accounts 5,191 3,851
VAT 9,478 11,742
Prepayments and accrued income - 53,207
131,539 192,598

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 331,059 477,191
Amounts owed to group undertakings 45,000 -
Corporation tax 106,680 756
Taxation and social security - 6,464
Directors' loan accounts 2,780 3,010
Accruals and deferred income 14,662 14,386
500,181 501,807

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Name: Nominal 2023 2022
value: £    £   
4,500 Ordinary £1 4,500 4,500
200 A Ordinary £1 200 200
150 B Ordinary £1 150 150
150 C Ordinary £1 150 150
5,000 5,000

All shares rank pari passu equally in all regards except that each class of shares has a right to receive dividends payable to that class of shares only.

G. & M. GROWERS LIMITED (REGISTERED NUMBER: 01633207)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
Mr J D Metcalfe
Balance outstanding at start of year 3,851 8,291
Amounts advanced 5,191 -
Amounts repaid (3,851 ) (4,440 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,191 3,851

Mr D Yates
Balance outstanding at start of year - 2,613
Amounts repaid - (2,613 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Overdrawn director loans have been repaid in full shortly after the year end.

10. ULTIMATE CONTROLLING PARTY

The company's ultimate parent and controlling party is G & M New Co No 1 Limited, a company incorporated in
England and Wales. The registered address of the parent company is 260-270 Butterfield Great Marlings, Luton,
Bedfordshire, England, LU2 8DL. The trading address of the parent company is 79 Hitchin Road, Upper
Caldecote, Biggleswade, Beds, SG18 9BU.