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REGISTERED NUMBER: 05637783 (England and Wales)















Gardens & More Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Gardens & More Limited (Registered number: 05637783)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Gardens & More Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J P S Lee





REGISTERED OFFICE: Hogge House
High Street
Barcombe
Lewes
East Sussex
BN8 5BA





REGISTERED NUMBER: 05637783 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Gardens & More Limited (Registered number: 05637783)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,911 6,587
Investment property 5 320,000 320,000
322,911 326,587

CURRENT ASSETS
Debtors 6 19,108 18,145
Cash at bank 15,379 36,753
34,487 54,898
CREDITORS
Amounts falling due within one year 7 236,925 240,018
NET CURRENT LIABILITIES (202,438 ) (185,120 )
TOTAL ASSETS LESS CURRENT LIABILITIES 120,473 141,467

PROVISIONS FOR LIABILITIES 15,821 16,219
NET ASSETS 104,652 125,248

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 96,597 96,597
Retained earnings 8,053 28,649
SHAREHOLDERS' FUNDS 104,652 125,248

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Gardens & More Limited (Registered number: 05637783)

Statement of Financial Position - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





J P S Lee - Director


Gardens & More Limited (Registered number: 05637783)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Gardens & More 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.

Significant judgements - going concern
When preparing the financial statements, the director has assessed whether there are significant doubts about the company's ability to continue as a going concern, particularly as there are net current liabilities. There are no material uncertainties of which the director is aware in making his assessment.

Other creditors include £229,495 owed to the director and he has indicated that repayment will only be sought when cash flow and profitability allow. Therefore, he considers that the company has sufficient cash reserves to enable it to meet its obligations as they fall due for a period of at least 12 months from the date of signing of these financial statements. As such, the director is satisfied that the company has adequate resources to continue to operate for the foreseeable future and he continues to adopt the going concern basis for preparing these financial statements.

Income recognition
Turnover represents rents receivable from investment properties and net invoiced sales of goods and services from garden design and maintenance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.


Gardens & More Limited (Registered number: 05637783)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted by the statement of financial position date.

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 by the year end.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 12,526
Additions 110
At 31 March 2024 12,636
DEPRECIATION
At 1 April 2023 5,939
Charge for year 3,786
At 31 March 2024 9,725
NET BOOK VALUE
At 31 March 2024 2,911
At 31 March 2023 6,587

Gardens & More Limited (Registered number: 05637783)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 320,000
NET BOOK VALUE
At 31 March 2024 320,000
At 31 March 2023 320,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 320,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,497 9,684
Other debtors 12,611 8,461
19,108 18,145

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 6,160 14,568
Other creditors 230,765 225,450
236,925 240,018