Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 04357564 Mrs Elizabeth Goldsack Mr Simon Goldsack Mr Simon Goldsack iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04357564 2022-12-31 04357564 2023-12-31 04357564 2023-01-01 2023-12-31 04357564 frs-core:CurrentFinancialInstruments 2023-12-31 04357564 frs-core:Non-currentFinancialInstruments 2023-12-31 04357564 frs-core:ComputerEquipment 2023-12-31 04357564 frs-core:ComputerEquipment 2023-01-01 2023-12-31 04357564 frs-core:ComputerEquipment 2022-12-31 04357564 frs-core:NetGoodwill 2023-12-31 04357564 frs-core:NetGoodwill 2023-01-01 2023-12-31 04357564 frs-core:NetGoodwill 2022-12-31 04357564 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 04357564 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 04357564 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 04357564 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04357564 frs-core:MotorVehicles 2023-12-31 04357564 frs-core:MotorVehicles 2023-01-01 2023-12-31 04357564 frs-core:MotorVehicles 2022-12-31 04357564 frs-core:PlantMachinery 2023-12-31 04357564 frs-core:PlantMachinery 2023-01-01 2023-12-31 04357564 frs-core:PlantMachinery 2022-12-31 04357564 frs-core:ShareCapital 2023-12-31 04357564 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04357564 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04357564 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04357564 frs-bus:SmallEntities 2023-01-01 2023-12-31 04357564 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04357564 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04357564 frs-bus:Director1 2023-01-01 2023-12-31 04357564 frs-bus:Director2 2023-01-01 2023-12-31 04357564 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 04357564 frs-core:CurrentFinancialInstruments 1 2023-12-31 04357564 frs-core:Non-currentFinancialInstruments 1 2023-12-31 04357564 frs-core:CurrentFinancialInstruments 2 2023-12-31 04357564 frs-core:Non-currentFinancialInstruments 2 2023-12-31 04357564 frs-core:Non-currentFinancialInstruments 3 2023-12-31 04357564 frs-core:Non-currentFinancialInstruments 5 2023-12-31 04357564 frs-countries:EnglandWales 2023-01-01 2023-12-31 04357564 2021-12-31 04357564 2022-12-31 04357564 2022-01-01 2022-12-31 04357564 frs-core:CurrentFinancialInstruments 2022-12-31 04357564 frs-core:Non-currentFinancialInstruments 2022-12-31 04357564 frs-core:ShareCapital 2022-12-31 04357564 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 04357564 frs-core:CurrentFinancialInstruments 1 2022-12-31 04357564 frs-core:Non-currentFinancialInstruments 1 2022-12-31 04357564 frs-core:CurrentFinancialInstruments 2 2022-12-31 04357564 frs-core:Non-currentFinancialInstruments 2 2022-12-31 04357564 frs-core:Non-currentFinancialInstruments 3 2022-12-31 04357564 frs-core:Non-currentFinancialInstruments 5 2022-12-31
Registered number: 04357564
Holme Nurseries Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
MKL Accountants Limited
Chartered Certified Accountants
Herston Cross House
230 High Street
Swanage
Dorset
BH19 2PQ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04357564
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 343,365 266,926
Investment Properties 6 729,586 678,234
1,072,951 945,160
CURRENT ASSETS
Stocks 7 257,938 253,946
Debtors 8 73,051 34,811
Cash at bank and in hand 1,772 8,101
332,761 296,858
Creditors: Amounts Falling Due Within One Year 9 (302,780 ) (247,598 )
NET CURRENT ASSETS (LIABILITIES) 29,981 49,260
TOTAL ASSETS LESS CURRENT LIABILITIES 1,102,932 994,420
Creditors: Amounts Falling Due After More Than One Year 10 (121,518 ) (159,548 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,848 ) -
NET ASSETS 976,566 834,872
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 976,466 834,772
SHAREHOLDERS' FUNDS 976,566 834,872
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Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Elizabeth Goldsack
Director
Mr Simon Goldsack
Director
23/08/2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Holme Nurseries Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04357564 . The registered office is Herston Cross House, 230 High Street, Swanage, Dorset, BH19 2PQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation is applicable
Leasehold No depreciation is applicable
Plant & Machinery 25% Reducing Balance Method
Motor Vehicles 25% Reducing Balance Method
Computer Equipment 25% Reducing Balance Method
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 50 (2022: 50)
50 50
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 15,000
As at 31 December 2023 15,000
Amortisation
As at 1 January 2023 15,000
As at 31 December 2023 15,000
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 223,348 200,572 12,350 22,367 458,637
Additions - 112,720 11,490 - 124,210
Disposals - (25,832 ) (12,350 ) (1,040 ) (39,222 )
As at 31 December 2023 223,348 287,460 11,490 21,327 543,625
Depreciation
As at 1 January 2023 - 163,959 12,130 15,622 191,711
Provided during the period - 35,508 2,873 1,626 40,007
Disposals - (18,528 ) (12,130 ) (800 ) (31,458 )
As at 31 December 2023 - 180,939 2,873 16,448 200,260
Net Book Value
As at 31 December 2023 223,348 106,521 8,617 4,879 343,365
As at 1 January 2023 223,348 36,613 220 6,745 266,926
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6. Investment Property
2023
£
Fair Value
As at 1 January 2023 678,234
Additions 51,352
As at 31 December 2023 729,586
7. Stocks
2023 2022
£ £
Finished goods 257,938 253,946
8. Debtors
2023 2022
£ £
Due within one year
Trade debtors 19,236 14,719
Prepayments and accrued income 922 1,084
Other debtors - 7,000
Loan for fridge 6,000 -
Corporation Tax debtor 36,199 -
Directors' loan accounts 10,694 12,008
73,051 34,811
9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 145,188 116,897
Bank loans and overdrafts 16,512 14,780
Corporation tax 68,627 45,285
Other taxes and social security 11,212 11,592
VAT 49,848 48,953
Other creditors 3,463 2,536
Accruals and deferred income 7,930 7,555
302,780 247,598
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10. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loan 1 24,390 35,811
Bank loan 2 14,583 21,583
Bank loan 3 53,510 62,987
Bounceback loan 29,035 39,167
121,518 159,548
12. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
13. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 72,000 72,000
72,000 72,000
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