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REGISTERED NUMBER: 09086946 (England and Wales)


















PARSON'S GREEN NURSERY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024






PARSON'S GREEN NURSERY LIMITED (REGISTERED NUMBER: 09086946)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PARSON'S GREEN NURSERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Ms C A Trefgarne
Mrs C F Trefgarne
Mr A M J Stansfield
Mrs M E O Stansfield





REGISTERED OFFICE: 1 Plato Place
72-74 St Dionis Road
Fulham
London
SW6 4TU





REGISTERED NUMBER: 09086946 (England and Wales)





ACCOUNTANTS: Chanter, Browne & Curry
1 Plato Place
72-74 St Dionis Road
Fulham
London
SW6 4TU

PARSON'S GREEN NURSERY LIMITED (REGISTERED NUMBER: 09086946)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,827,019 2,758,131
Investment property 5 607,500 601,344
3,434,519 3,359,475

CURRENT ASSETS
Debtors 6 23,456 8,565
Cash at bank 2,108,457 1,472,088
2,131,913 1,480,653
CREDITORS
Amounts falling due within one year 7 740,837 652,982
NET CURRENT ASSETS 1,391,076 827,671
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,825,595

4,187,146

CREDITORS
Amounts falling due after more than one
year

8

(1,699,717

)

(1,763,530

)

PROVISIONS FOR LIABILITIES - DEFERRED
TAXATION

(79,201

)

(46,297

)
NET ASSETS 3,046,677 2,377,319

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 119,068 114,451
Retained earnings 2,927,509 2,262,768
SHAREHOLDERS' FUNDS 3,046,677 2,377,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

PARSON'S GREEN NURSERY LIMITED (REGISTERED NUMBER: 09086946)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2024


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 15 November 2024 and were signed on its behalf by:





Mr A M J Stansfield - Director


PARSON'S GREEN NURSERY LIMITED (REGISTERED NUMBER: 09086946)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Parson's Green Nursery 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Fees received are recognised as income in the period(s) to which they relate.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Equally over the life of the lease
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Some of the assets under fixtures and fittings have a different policy applied.

Air conditioning systemStraight line over 7 years
BoilerStraight line over 10 years

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

INVESTMENT PROPERTY
Investment property is shown at most recent directors' valuation. Any aggregate or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the remaining period of the lease.

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.

PARSON'S GREEN NURSERY LIMITED (REGISTERED NUMBER: 09086946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 36 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Short and
property leasehold fittings
£    £    £   
COST
At 1 August 2023 2,656,256 72,508 79,379
Additions - - 5,508
Disposals - - -
At 31 July 2024 2,656,256 72,508 84,887
DEPRECIATION
At 1 August 2023 - 9,206 45,740
Charge for year - 6,330 11,433
Eliminated on disposal - - -
At 31 July 2024 - 15,536 57,173
NET BOOK VALUE
At 31 July 2024 2,656,256 56,972 27,714
At 31 July 2023 2,656,256 63,302 33,639

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 39,000 20,504 2,867,647
Additions 91,319 1,544 98,371
Disposals (39,000 ) - (39,000 )
At 31 July 2024 91,319 22,048 2,927,018
DEPRECIATION
At 1 August 2023 39,000 15,570 109,516
Charge for year 9,512 2,208 29,483
Eliminated on disposal (39,000 ) - (39,000 )
At 31 July 2024 9,512 17,778 99,999
NET BOOK VALUE
At 31 July 2024 81,807 4,270 2,827,019
At 31 July 2023 - 4,934 2,758,131

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 601,344
Revaluations 6,156
At 31 July 2024 607,500
NET BOOK VALUE
At 31 July 2024 607,500
At 31 July 2023 601,344

PARSON'S GREEN NURSERY LIMITED (REGISTERED NUMBER: 09086946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2020 456,804
Valuation in 2021 28,196
Valuation in 2022 (15,000 )
Valuation in 2023 131,344
Valuation in 2024 6,156
607,500

If Investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 456,804 456,804

Investment property was valued on an open market basis on 23 September 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 23,456 8,565

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,806 -
Trade creditors 228,493 214,993
Taxation and social security 309,291 315,149
Other creditors 191,247 122,840
740,837 652,982

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 1,666,321 1,763,530
Hire purchase contracts 33,396 -
1,699,717 1,763,530

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,666,321 1,763,530

9. LOANS

There is a bank loan secured on the company's property at 630 Fulham Road and its associated assets. The amount of £1,666,321 falls due 180 months after the loan is drawn (3 March 2037) and is payable by installments.

10. OTHER FINANCIAL COMMITMENTS

The company has operating lease commitments of £867,500 in respect of the lease of business premises.

PARSON'S GREEN NURSERY LIMITED (REGISTERED NUMBER: 09086946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

11. RELATED PARTY RELATIONSHIPS AND TRANSACTIONS

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Ms C A Trefgarne
Balance outstanding at start of year - -
Amounts advanced 1,646 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,646 -