IRIS Accounts Production v24.2.0.383 10036038 Board of Directors 1.1.23 31.12.23 31.12.23 27.2.24 0 0 true false true false false true true true true true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh100360382022-12-31100360382023-12-31100360382023-01-012023-12-31100360382021-12-31100360382022-01-012022-12-31100360382022-12-3110036038ns15:EnglandWales2023-01-012023-12-3110036038ns14:PoundSterling2023-01-012023-12-3110036038ns10:Director12023-01-012023-12-3110036038ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110036038ns10:SmallEntities2023-01-012023-12-3110036038ns10:Audited2023-01-012023-12-3110036038ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110036038ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3110036038ns10:FullAccounts2023-01-012023-12-3110036038ns10:OrdinaryShareClass12023-01-012023-12-3110036038ns10:Director22023-01-012023-12-3110036038ns10:Director52023-01-012023-12-3110036038ns10:RegisteredOffice2023-01-012023-12-3110036038ns5:CurrentFinancialInstruments2023-12-3110036038ns5:CurrentFinancialInstruments2022-12-3110036038ns5:ShareCapital2023-12-3110036038ns5:ShareCapital2022-12-3110036038ns5:RetainedEarningsAccumulatedLosses2023-12-3110036038ns5:RetainedEarningsAccumulatedLosses2022-12-3110036038ns5:LandBuildings2022-12-3110036038ns5:LandBuildings2023-01-012023-12-3110036038ns5:LandBuildings2023-12-3110036038ns5:LandBuildings2022-12-3110036038ns5:CostValuation2022-12-3110036038ns5:Subsidiary12023-01-012023-12-3110036038ns5:Subsidiary112023-01-012023-12-3110036038ns5:Subsidiary12023-12-3110036038ns5:Subsidiary12022-12-3110036038ns5:Subsidiary12022-01-012022-12-3110036038ns5:Subsidiary22023-01-012023-12-31100360383ns5:Subsidiary22023-01-012023-12-3110036038ns5:Subsidiary22023-12-3110036038ns5:Subsidiary22022-12-3110036038ns5:Subsidiary22022-01-012022-12-3110036038ns5:Subsidiary32023-01-012023-12-3110036038ns5:Subsidiary352023-01-012023-12-3110036038ns5:Subsidiary32023-12-3110036038ns5:Subsidiary32022-12-3110036038ns5:Subsidiary32022-01-012022-12-3110036038ns5:DeferredTaxation2022-12-3110036038ns5:DeferredTaxation2023-01-012023-12-3110036038ns5:DeferredTaxation2023-12-3110036038ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 10036038 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MAELOR FOREST NURSERIES HOLDINGS LIMITED

MAELOR FOREST NURSERIES HOLDINGS LIMITED (REGISTERED NUMBER: 10036038)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAELOR FOREST NURSERIES HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M W Harvey
A G Milne
H C G Stevens





REGISTERED OFFICE: Fields Farm
Bronington
Whitchurch
Shropshire
SY13 3HZ





REGISTERED NUMBER: 10036038 (England and Wales)





AUDITORS: D.R.E. & Co. (Audit) Limited
7 Lower Brook Street
Oswestry
Shropshire
SY11 2HG

MAELOR FOREST NURSERIES HOLDINGS LIMITED (REGISTERED NUMBER: 10036038)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,735,668 3,805,225
Investments 6 102 102
3,735,770 3,805,327

CURRENT ASSETS
Debtors 7 - 500
Cash at bank 113,586 384,377
113,586 384,877
CREDITORS
Amounts falling due within one year 8 817,158 1,132,773
NET CURRENT LIABILITIES (703,572 ) (747,896 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,032,198

3,057,431

PROVISIONS FOR LIABILITIES 9 4,572 4,930
NET ASSETS 3,027,626 3,052,501

CAPITAL AND RESERVES
Called up share capital 10 80 80
Retained earnings 3,027,546 3,052,421
SHAREHOLDERS' FUNDS 3,027,626 3,052,501

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 27 February 2024 and were signed on its behalf by:





A G Milne - Director


MAELOR FOREST NURSERIES HOLDINGS LIMITED (REGISTERED NUMBER: 10036038)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Maelor Forest Nurseries Holdings 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts are for the individual entity only.

These financial statements are presented in (£) sterling, rounded to the nearest £1.

Going concern
The financial statements have been prepared under the going concern basis on the expectation that the company shall continue to operate for the foreseeable future and due to the continued support of the directors and those involved.

Preparation of consolidated financial statements
The financial statements contain information about Maelor Forest Nurseries Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, BSW Timber Ltd, East End,Earlston,Berwickshire,TD4 6JA.

BSW Timber Limited is the smallest group into which the results of the company are consolidated. The largest group into which the results of the company are consolidated is that headed by Binder Beteiligungsverwaltung GmbH.

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

Tangible fixed assets
Land and buildings are shown at cost less depreciation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated life:

Land and buildings- varying rates between 2% and 50% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

MAELOR FOREST NURSERIES HOLDINGS LIMITED (REGISTERED NUMBER: 10036038)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. 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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 January 2023
and 31 December 2023 4,073,845
DEPRECIATION
At 1 January 2023 268,620
Charge for year 69,557
At 31 December 2023 338,177
NET BOOK VALUE
At 31 December 2023 3,735,668
At 31 December 2022 3,805,225

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 102
NET BOOK VALUE
At 31 December 2023 102
At 31 December 2022 102

MAELOR FOREST NURSERIES HOLDINGS LIMITED (REGISTERED NUMBER: 10036038)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Maelor Forest Nurseries Ltd
Registered office: Registered in United Kingdom
Nature of business: Production of forestry and hedging stock
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 4,974,712 4,490,412
Profit for the year 578,939 1,151,922

Forest Seed Orchard Ltd
Registered office: Registered in United Kingdom
Nature of business: Growing and sale of forestry stock
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves (62,237 ) (520,378 )
Profit/(loss) for the year 41,262 (41,581 )

Maelor Scotland Forest Nurseries Ltd
Registered office: Registered in United Kingdom
Nature of business: Production of forestry and hedging stock
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 328,892 (247,415 )
Profit for the year 709,133 642,694

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings - 500

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax 13,429 6
Amounts owed to group undertakings 800,909 1,127,923
Accruals and deferred income 2,820 4,844
817,158 1,132,773

MAELOR FOREST NURSERIES HOLDINGS LIMITED (REGISTERED NUMBER: 10036038)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 4,572 4,930

Deferred
tax
£   
Balance at 1 January 2023 4,930
Provided during year (358 )
Balance at 31 December 2023 4,572

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
80 Ordinary £1 80 80

The shares have full voting rights, are eligible for dividends and carry the right to participate in a distribution
(including on winding up).

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Aled Davies FCCA (Senior Statutory Auditor)
for and on behalf of D.R.E. & Co. (Audit) Limited

12. RELATED PARTY DISCLOSURES

Exemption is taken from disclosing group transactions on the grounds that details of the subsidiary are included in publicly available consolidated accounts. These are available from the parent company's registered office at East End, Earlston, Berwickshire, TD4 6JA.

13. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Binder Beteiligungsverwaltung GmbH, which is the parent undertaking of the largest group to consolidate these financial statements. The consolidated financial statements of Binder Beteiligungsverwaltung GmbH are available from 6263 Fügen, Tirol, Austria respectively.