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REGISTERED NUMBER: 04192511 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

AVENUE NURSERIES GARDEN CENTRE LIMITED

AVENUE NURSERIES GARDEN CENTRE LIMITED (REGISTERED NUMBER: 04192511)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

AVENUE NURSERIES GARDEN CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: P J Osgood
Mrs J I Osgood
M T J Osgood





SECRETARY: Mrs J I Osgood





REGISTERED OFFICE: The Avenue
Lasham
Alton
Hampshire
GU34 5SU





REGISTERED NUMBER: 04192511 (England and Wales)





ACCOUNTANTS: Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG

AVENUE NURSERIES GARDEN CENTRE LIMITED (REGISTERED NUMBER: 04192511)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 268,329 311,623
Investments 6 1,676,815 1,567,308
1,945,144 1,878,931

CURRENT ASSETS
Stocks 610,497 489,506
Debtors 7 642,108 618,609
Cash at bank and in hand 800,138 709,519
2,052,743 1,817,634
CREDITORS
Amounts falling due within one year 8 75,903 33,233
NET CURRENT ASSETS 1,976,840 1,784,401
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,921,984

3,663,332

PROVISIONS FOR LIABILITIES 10 31,937 36,600
NET ASSETS 3,890,047 3,626,732

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 3,889,047 3,625,732
SHAREHOLDERS' FUNDS 3,890,047 3,626,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

AVENUE NURSERIES GARDEN CENTRE LIMITED (REGISTERED NUMBER: 04192511)

BALANCE SHEET - continued
30 SEPTEMBER 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 22 March 2024 and were signed on its behalf by:





M T J Osgood - Director


AVENUE NURSERIES GARDEN CENTRE LIMITED (REGISTERED NUMBER: 04192511)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Avenue Nurseries Garden Centre 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 net invoiced sales of goods and services, excluding value added tax.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Over the term of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

AVENUE NURSERIES GARDEN CENTRE LIMITED (REGISTERED NUMBER: 04192511)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 58 (2022 - 50 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 250,000
AMORTISATION
At 1 October 2022
and 30 September 2023 250,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 October 2022 284,369 340,272 403,708
Additions - - 5,850
At 30 September 2023 284,369 340,272 409,558
DEPRECIATION
At 1 October 2022 177,345 195,661 365,083
Charge for year 18,958 13,611 11,125
At 30 September 2023 196,303 209,272 376,208
NET BOOK VALUE
At 30 September 2023 88,066 131,000 33,350
At 30 September 2022 107,024 144,611 38,625

AVENUE NURSERIES GARDEN CENTRE LIMITED (REGISTERED NUMBER: 04192511)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 86,022 65,919 8,572 1,188,862
Additions - - - 5,850
At 30 September 2023 86,022 65,919 8,572 1,194,712
DEPRECIATION
At 1 October 2022 75,251 55,759 8,140 877,239
Charge for year 2,696 2,540 214 49,144
At 30 September 2023 77,947 58,299 8,354 926,383
NET BOOK VALUE
At 30 September 2023 8,075 7,620 218 268,329
At 30 September 2022 10,771 10,160 432 311,623

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2022 1,567,308
Additions 51,269
Disposals (3,922 )
Revaluations 62,160
At 30 September 2023 1,676,815
NET BOOK VALUE
At 30 September 2023 1,676,815
At 30 September 2022 1,567,308

Cost or valuation at 30 September 2023 is represented by:

Other
investments
£   
Valuation in 2019 1,575,329
Valuation in 2020 (131,973 )
Valuation in 2021 281,372
Valuation in 2022 (157,420 )
Valuation in 2023 109,507
1,676,815

AVENUE NURSERIES GARDEN CENTRE LIMITED (REGISTERED NUMBER: 04192511)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 642,108 618,609

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,534 742
Taxation and social security 64,219 25,126
Other creditors 9,150 7,365
75,903 33,233

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 300,000 300,000

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 31,937 36,600

Deferred
tax
£   
Balance at 1 October 2022 36,600
Deferred tax movement (4,663 )
Balance at 30 September 2023 31,937

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

12. RELATED PARTY DISCLOSURES

The directors rented premises to the company during the year for which they charged a commercial rent of £300,000 (2022: £300,000)

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AVENUE NURSERIES GARDEN CENTRE LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Avenue Nurseries Garden Centre Limited for the year ended 30 September 2023 which comprise the Income Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Avenue Nurseries Garden Centre Limited, 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 Avenue Nurseries Garden Centre Limited and state those matters that we have agreed to state to the Board of Directors of Avenue Nurseries Garden Centre Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. 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 Avenue Nurseries Garden Centre Limited 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 Avenue Nurseries Garden Centre Limited. You consider that Avenue Nurseries Garden Centre Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Avenue Nurseries Garden Centre Limited. 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.






Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG


22 March 2024