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REGISTERED NUMBER: 02616875 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Grasslands (Nurseries) Limited

Grasslands (Nurseries) Limited (Registered number: 02616875)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Grasslands (Nurseries) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S Watmore
Mrs J Watmore





SECRETARY: Mrs J Watmore





REGISTERED OFFICE: Grasslands Nursery
Hawthorn House, Free Green Lane
Peover Superior
Knutsford
Cheshire
WA16 9QY





REGISTERED NUMBER: 02616875 (England and Wales)





ACCOUNTANTS: Nolan James Limited
Chartered Accountants
Suite 1
Armcon Business Park
London Road South
Poynton
Cheshire
SK12 1LQ

Grasslands (Nurseries) Limited (Registered number: 02616875)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,399 7,199
Tangible assets 5 1,539,528 1,339,320
Investment property 6 3,875,937 1,329,745
5,420,864 2,676,264

CURRENT ASSETS
Stocks 690,898 787,768
Debtors 7 4,727 299,054
Cash at bank 1,391,004 3,572,782
2,086,629 4,659,604
CREDITORS
Amounts falling due within one year 8 400,938 550,582
NET CURRENT ASSETS 1,685,691 4,109,022
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,106,555

6,785,286

PROVISIONS FOR LIABILITIES 286,228 167,738
NET ASSETS 6,820,327 6,617,548

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserve 9 323,762 351,687
Retained earnings 6,496,465 6,265,761
SHAREHOLDERS' FUNDS 6,820,327 6,617,548

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

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

Grasslands (Nurseries) Limited (Registered number: 02616875)

Balance Sheet - continued
31 December 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 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 14 March 2024 and were signed on its behalf by:





S Watmore - Director


Grasslands (Nurseries) Limited (Registered number: 02616875)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Grasslands (Nurseries) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Website development is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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.

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 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.

Grasslands (Nurseries) Limited (Registered number: 02616875)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 31 (2022 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 8,999
AMORTISATION
At 1 January 2023 1,800
Charge for year 1,800
At 31 December 2023 3,600
NET BOOK VALUE
At 31 December 2023 5,399
At 31 December 2022 7,199

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 449,018 1,838,084 2,287,102
Additions - 520,514 520,514
Disposals - (26,700 ) (26,700 )
Reclassification/transfer - (24,478 ) (24,478 )
At 31 December 2023 449,018 2,307,420 2,756,438
DEPRECIATION
At 1 January 2023 - 947,782 947,782
Charge for year - 282,158 282,158
Eliminated on disposal - (13,030 ) (13,030 )
At 31 December 2023 - 1,216,910 1,216,910
NET BOOK VALUE
At 31 December 2023 449,018 1,090,510 1,539,528
At 31 December 2022 449,018 890,302 1,339,320

Grasslands (Nurseries) Limited (Registered number: 02616875)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,329,745
Additions 2,574,117
Revaluations (27,925 )
At 31 December 2023 3,875,937
NET BOOK VALUE
At 31 December 2023 3,875,937
At 31 December 2022 1,329,745

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2018 119,001
Valuation in 2019 22,722
Valuation in 2020 58,329
Valuation in 2021 54,663
Valuation in 2022 112,030
Valuation in 2023 (27,925 )
Cost 3,537,117
3,875,937

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 409 5,088
Other debtors 4,318 293,966
4,727 299,054

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts - 25,668
Trade creditors 191,772 75,396
Taxation and social security 182,361 440,986
Other creditors 26,805 8,532
400,938 550,582

Grasslands (Nurseries) Limited (Registered number: 02616875)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. RESERVES
Non
distributable
reserve
£   
At 1 January 2023 351,687
Revaluation unrealised (27,925 )

At 31 December 2023 323,762