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REGISTERED NUMBER: 01054835 (England and Wales)






















East End Nurseries (Keyingham) Limited

Unaudited Financial Statements for the Year Ended 30th November 2023






East End Nurseries (Keyingham) Limited (Registered number: 01054835)






Contents of the Financial Statements
for the year ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


East End Nurseries (Keyingham) Limited

Company Information
for the year ended 30th November 2023







DIRECTORS: P A Overvoorde
Mrs R J Overvoorde
R M Sayers FCA





SECRETARY: Mrs R J Overvoorde





REGISTERED OFFICE: Hull Road
Keyingham
East Yorkshire
HU12 9ST





REGISTERED NUMBER: 01054835 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA

East End Nurseries (Keyingham) Limited (Registered number: 01054835)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,894 48,456

CURRENT ASSETS
Debtors 5 70,167 621,894
Cash at bank 3,889 -
74,056 621,894
CREDITORS
Amounts falling due within one year 6 36,103 880,735
NET CURRENT ASSETS/(LIABILITIES) 37,953 (258,841 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,847

(210,385

)

CREDITORS
Amounts falling due after more than one
year

7

300,679

-
NET LIABILITIES (225,832 ) (210,385 )

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings (225,982 ) (210,535 )
SHAREHOLDERS' FUNDS (225,832 ) (210,385 )

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

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

East End Nurseries (Keyingham) Limited (Registered number: 01054835)

Balance Sheet - continued
30th November 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 27th August 2024 and were signed on its behalf by:





P A Overvoorde - Director


East End Nurseries (Keyingham) Limited (Registered number: 01054835)

Notes to the Financial Statements
for the year ended 30th November 2023

1. STATUTORY INFORMATION

East End Nurseries (Keyingham) 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
The financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received of receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover as follows:

Sale of goods
Turnover from the sale of goods is recognised when significant risk and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of goods.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is calculated to write down the cost or valuation of all fixed assets (excluding freehold land) by equal annual instalments over their expected useful lives.

The rates generally applicable are:-

Buildings5%
Glasshouses5%
Plant and equipment10%-20%
Motor vehicles33%

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.


East End Nurseries (Keyingham) Limited (Registered number: 01054835)

Notes to the Financial Statements - continued
for the year ended 30th November 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Foreign currencies
Transactions denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction.

Balances at the year end denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 21 ).

4. TANGIBLE FIXED ASSETS
Freehold Plant and
land Buildings equipment
£    £    £   
COST
At 1st December 2022 500 220,260 55,102
Additions - 3,512 9,261
Disposals - - (3,878 )
At 30th November 2023 500 223,772 60,485
DEPRECIATION
At 1st December 2022 - 181,990 46,916
Charge for year - 5,388 -
Eliminated on disposal - - 13,569
At 30th November 2023 - 187,378 60,485
NET BOOK VALUE
At 30th November 2023 500 36,394 -
At 30th November 2022 500 38,270 8,186

East End Nurseries (Keyingham) Limited (Registered number: 01054835)

Notes to the Financial Statements - continued
for the year ended 30th November 2023

4. TANGIBLE FIXED ASSETS - continued

Fixtures
Motor and
Glass-houses vehicles fittings Totals
£    £    £    £   
COST
At 1st December 2022 194,399 26,500 2,587 499,348
Additions - - - 12,773
Disposals - - - (3,878 )
At 30th November 2023 194,399 26,500 2,587 508,243
DEPRECIATION
At 1st December 2022 194,399 25,000 2,587 450,892
Charge for year - 1,500 - 6,888
Eliminated on disposal - - - 13,569
At 30th November 2023 194,399 26,500 2,587 471,349
NET BOOK VALUE
At 30th November 2023 - - - 36,894
At 30th November 2022 - 1,500 - 48,456

The directors consider the market value of a freehold property included in the above (at a net book value of £1,455), to be £,260,000 based on a professional valuation carried out in April 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,222 13,302
Other debtors 64,945 608,592
70,167 621,894

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 247,350
Trade creditors 3,261 24,457
Amounts owed to group undertakings - 537,598
Social security and other taxes 2,287 9,162
Other creditors 25,177 62,168
Accruals and deferred income 5,378 -
36,103 880,735

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to group undertakings 300,679 -

East End Nurseries (Keyingham) Limited (Registered number: 01054835)

Notes to the Financial Statements - continued
for the year ended 30th November 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 247,350

The bank overdraft is secured by fixed charges on the land and premises, a fixed charge on the company's book debts and a floating charge on all assets.

9. OTHER FINANCIAL COMMITMENTS

The company has given guarantees in respect of borrowings of Berrygate Hill Nurseries Limited. At 30th November 2023 the potential liability of the company under the arrangement was £988,551 (2022 £1,003,994).