Company registration number 11766299 (England and Wales)
EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
COMPANY INFORMATION
Directors
D J C Cumber
C A Marshall
L Weeks
L A Gibbs
Company number
11766299
Registered office
Seasons Nursery
21 Croydon Lane
Banstead
Surrey
SM7 3BW
Auditor
Beavis Morgan Audit Limited
82 St John Street
London
EC1M 4JN
EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2
Directors' responsibilities statement
3
Independent auditor's report
4 - 6
Statement of comprehensive income
7
Balance sheet
8
Statement of changes in equity
9
Statement of cash flows
10
Notes to the financial statements
11 - 16
EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
- 1 -

The directors present the strategic report for the year ended 31 December 2023.

Fair review of the business

The directors are pleased to report that the company's results and financial position for the year ended 31 December 2023 met expectations. The company received £2,187,848 (2022: £1,234,421) of dividends from its subsidiary and incurred minimal costs during the year whilst paying dividends of £2,189,333 (2022: £1,283,955) to its parent company. The directors expect similar levels of dividends and costs in the coming years. The investment in its subsidiary is measured at cost and was not considered to require an impairment. It is therefore stated at £7,511,616 (2022: £7,511,616) in the financial statements. Whilst the company has minimal cash reserves, it is able to rely on its subsidiary to provide the company with adequate funds with which to meet day to day spending requirements. The group of which the company is a member was restructured during 2022 which enabled completion of the succession planning.

Principal risks and uncertainties

The main exposures to risk are via its subsidiary and relate to adverse weather conditions, reducing sales, and the potential loss of stock. The predominant financial risk is the movement in foreign exchange rates with the euro. At present, any movements in the exchange rate between the euro and sterling are absorbed in the gross margin by its subsidiary.

Financial instruments

The company's principal financial instruments comprise bank balances and from time-to-time and amounts due to and from fellow group undertakings. The main purpose of these instruments is to raise funds for the company's operations. Due to the nature of the financial instruments used by the company, there is no exposure to price risk. In respect of bank balances, liquidity risk is managed by maintaining the balance between the continuity of funding and flexibility through deposits at floating rates of interest. In respect of amounts due to and from fellow group undertakings, the amounts are interest-free, have no fixed terms of repayment and are unsecured. They can therefore be recovered or settled by the company as and when they are needed or funds permit.

Key performance indicators

The key financial indicators against which the directors measure the company's performance are dividends received and the carrying value of its investment in its subsidiary. The company received £2,187,848 (2022: £1,234,421) of dividends from its subsidiary in the year and the investment in its subsidiary was not considered to require an impairment and therefore stands at £7,511,616 (2022: £7,511,616) in the financial statements. The directors are satisfied with both key financial indicators as they imply that the subsidiary continues to perform in accordance with expectations.

On behalf of the board

C A Marshall
Director
6 August 2024
EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -

The directors present their annual report and financial statements for the year ended 31 December 2023.

Principal activities

The principal activity of the company in the period continued to be that of a holding company, with an investment in a subsidiary that is a wholesaler of plants and shrubs.

Results and dividends

The results for the year are set out on page 7.

Ordinary dividends were paid during the year amounting to £2,189,333 (2022: £1,283,955). The directors do not recommend payment of a further dividend in respect of the year.

Matters covered in the strategic report
As permitted, certain matters which are required to be disclosed in the directors' report have been omitted as they are included in the strategic report on page 1. This includes future developments and information in relation to the company's financial risk management and objectives.
Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

D J C Cumber
C A Marshall
L Weeks
L A Gibbs
Auditor

In accordance with the company's articles, a resolution proposing that Beavis Morgan Audit Limited be reappointed as auditor of the company will be put at a General Meeting.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
C A Marshall
Director
6 August 2024
EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

 

 

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
- 4 -
Opinion

We have audited the financial statements of Evergreen Exterior Services Holdings Limited (the 'company') for the year ended 31 December 2023 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
- 5 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.

 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Capability of the audit in detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

 

Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.

 

The following laws and regulations were identified as being of significance to the entity:

 

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; testing the appropriateness of journal entries; and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud.

EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
- 6 -

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity’s controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Matthew Burge
Senior Statutory Auditor
For and on behalf of Beavis Morgan Audit Limited
6 August 2024
Chartered Accountants
Statutory Auditor
82 St John Street
London
EC1M 4JN
EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2023
- 7 -
2023
2022
Notes
£
£
Turnover
-
-
Administrative expenses
(2,760)
(2,430)
Operating loss
4
(2,760)
(2,430)
Interest receivable and similar income
5
2,187,848
1,234,421
Profit before taxation
2,185,088
1,231,991
Tax on profit
6
-
0
-
0
Profit for the financial year
2,185,088
1,231,991

The statement of comprehensive income has been prepared on the basis that all operations are continuing operations.

EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 8 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
8
7,511,616
7,511,616
Current assets
Debtors
10
1
4,201
Cash at bank and in hand
40
85
Net current assets
41
4,286
Net assets
7,511,657
7,515,902
Capital and reserves
Called up share capital
11
12,015
12,015
Share premium account
12
4,923,367
4,923,367
Profit and loss reserves
2,576,275
2,580,520
Total equity
7,511,657
7,515,902
The financial statements were approved by the board of directors and authorised for issue on 6 August 2024 and are signed on its behalf by:
C A Marshall
Director
Company registration number 11766299 (England and Wales)
EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
- 9 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2022
12,015
4,923,367
2,632,484
7,567,866
Year ended 31 December 2022:
Profit and total comprehensive income
-
-
1,231,991
1,231,991
Dividends
7
-
-
(1,283,955)
(1,283,955)
Balance at 31 December 2022
12,015
4,923,367
2,580,520
7,515,902
Year ended 31 December 2023:
Profit and total comprehensive income
-
-
2,185,088
2,185,088
Dividends
7
-
-
(2,189,333)
(2,189,333)
Balance at 31 December 2023
12,015
4,923,367
2,576,275
7,511,657
EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 10 -
2023
2022
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
15
(2,760)
49,534
Investing activities
Loans repaid
4,200
-
0
Dividends received
2,187,848
1,234,421
Net cash generated from investing activities
2,192,048
1,234,421
Financing activities
Dividends paid
(2,189,333)
(1,283,955)
Net cash used in financing activities
(2,189,333)
(1,283,955)
Net (decrease)/increase in cash and cash equivalents
(45)
-
0
Cash and cash equivalents at beginning of year
85
85
Cash and cash equivalents at end of year
40
85
EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 11 -
1
Accounting policies
Company information

Evergreen Exterior Services Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Seasons Nursery, 21 Croydon Lane, Banstead, Surrey, SM7 3BW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

 

Evergreen Exterior Services Holdings Limited is a wholly owned subsidiary of Evergreen E S Holdings Limited and the results of Evergreen Exterior Services Holdings Limited are included in the consolidated financial statements of Evergreen E S Holdings Limited which are available from Seasons Nursery, 21 Croydon Lane, Banstead, Surrey, United Kingdom, SM7 3BW.

Under section 454 of the Companies Act 2006, the directors can, on a voluntary basis, amend these financial statements if they subsequently prove to be defective.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 12 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting end date.

 

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

 

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 13 -
1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The key judgement required in the preparation of these financial statements was the directors' assessment that there was no impairment to the carrying value of the investment in the subsidiary, as disclosed in note 8.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Directors
4
4
4
Operating loss

Fees payable to the company's auditor for the audit of the company's financial statements are paid via its subsidiary undertaking Evergreen Exterior Services Limited.

5
Interest receivable and similar income
2023
2022
£
£
Income from fixed asset investments
Income from shares in group undertakings
2,187,848
1,234,421
EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 14 -
6
Taxation

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2023
2022
£
£
Profit before taxation
2,185,088
1,231,991
Expected tax charge based on the standard rate of corporation tax in the UK of 23.52% (2022: 19.00%)
513,946
234,078
Group relief
649
462
Group income not taxable
(514,595)
(234,540)
Taxation charge for the year
-
-
7
Dividends
2023
2022
£
£
Dividends paid
2,189,333
1,283,955
8
Fixed asset investments
2023
2022
Notes
£
£
Investments in subsidiaries
9
7,511,616
7,511,616
9
Subsidiaries

Details of the company's subsidiaries at 31 December 2023 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Evergreen Exterior Services Limited
Seasons Nursery, 21 Croydon Lane, Banstead, Surrey, United Kingdom, SM7 3BW
Wholesaler of plants
Ordinary
100.00
The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows:
Name of undertaking
Capital and Reserves
Profit/(Loss)
£
£
Evergreen Exterior Services Limited
2,182,325
1,631,759
EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 15 -
10
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
1
4,201
11
Share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
12,015
12,015
12,015
12,015
12
Capital and reserves
Called up share capital
This balance represents the nominal value of the shares issued by the company.
Share premium account

This balance represents the amount paid for share capital issued by the company over its nominal value.

Profit and loss reserves
This balance represents the accumulation of profits and losses made by the company since its inception, less dividends paid.
13
Related party transactions

Key management personnel are considered to be the directors only. They received no compensation from the company in the current and prior period.

 

At the balance sheet date the company was owed £nil (2022: £4,200) by its directors. The loans were interest-free, repayable on demand and unsecured.

14
Ultimate controlling party

The company's immediate parent and ultimate parent undertaking is Evergreen E S Holdings Limited, which holds 100% of the company's issued share capital and is incorporated in England and Wales. The consolidated financial statements of Evergreen E S Holdings Limited are available for inspection on request at Seasons Nursery, 21 Croydon Lane, Banstead, Surrey, United Kingdom, SM7 3BW.

 

The company is not deemed to be under the control of any one particular individual.

EVERGREEN EXTERIOR SERVICES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 16 -
15
Cash (absorbed by)/generated from operations
2023
2022
£
£
Profit for the year after tax
2,185,088
1,231,991
Adjustments for:
Investment income
(2,187,848)
(1,234,421)
Movements in working capital:
Decrease in debtors
-
0
51,964
Cash (absorbed by)/generated from operations
(2,760)
49,534
16
Analysis of changes in net funds
1 January 2023
Cash flows
31 December 2023
£
£
£
Cash at bank and in hand
85
(45)
40
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