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REGISTERED NUMBER: 14816615 (England and Wales)




















Financial Statements

for the Period 20 April 2023 to 31 August 2024

for

Wishford Nurseries Limited

Wishford Nurseries Limited (Registered number: 14816615)






Contents of the Financial Statements
for the Period 20 April 2023 to 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wishford Nurseries Limited

Company Information
for the Period 20 April 2023 to 31 August 2024







DIRECTOR: S J Antrobus





REGISTERED OFFICE: 25-27 High Street
Corsham
Wiltshire
SN13 0ES





REGISTERED NUMBER: 14816615 (England and Wales)

Wishford Nurseries Limited (Registered number: 14816615)

Balance Sheet
31 August 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 398,970
Tangible assets 5 888,482
1,287,452

CURRENT ASSETS
Debtors 6 29,550
Cash at bank 115,164
144,714
CREDITORS
Amounts falling due within one year 7 169,392
NET CURRENT LIABILITIES (24,678 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,262,774

CREDITORS
Amounts falling due after more than one
year

8

(372,226

)

PROVISIONS FOR LIABILITIES (15,479 )
NET ASSETS 875,069

CAPITAL AND RESERVES
Called up share capital 725,000
Retained earnings 150,069
875,069

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 director and authorised for issue on 18 January 2025 and were signed by:





S J Antrobus - Director


Wishford Nurseries Limited (Registered number: 14816615)

Notes to the Financial Statements
for the Period 20 April 2023 to 31 August 2024

1. STATUTORY INFORMATION

Wishford Nurseries 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
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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the Company and value added taxes.

Where the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes a financing transactions, the fair value of the consideration is measured as the present value of all future receipts using the inputted rate of interest.

The Company recognises revenue when the following conditions are satisfied:
i. the Company has transferred to the buyer the significant risks and rewards of ownership of the goods or
services;
ii. the Company retains neither continuing managerial involvement to the degree associated with ownership
nor effective control over the goods or services sold;
iii. the amount of revenue can be measured reliably;
iv. it is probable that the economic benefits associated with the transaction can be measured reliably.

Provision of educational services
Income represents school fees and extra charges relating to the three academic terms in the year and income from other activities. Fees invoiced in advance are carried forward for credit in the period to which they relate.

Goodwill
Goodwill arising on the acquisition of a business in 2023, representing any excess of the fair value of the
consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a straight line basis over its useful economic life which is 10 years. Provision is made for any impairment.

Wishford Nurseries Limited (Registered number: 14816615)

Notes to the Financial Statements - continued
for the Period 20 April 2023 to 31 August 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost
includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

Depreciation and residual values
Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life as follows:

Freehold property- 2% on a straight line basis
Fixtures and fittings- 15% on a straight line basis
Computer equipment- 15% on a straight line basis
Plant and machinery- 15% on a straight line basis

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each
reporting period. The effect of any changes is accounted for prospectively.

Subsequent additions and major components
Subsequent costs are included in the assets carrying amount or recognised as a separate asset, as appropriate, only when it is probable that economic benefits associated with the item will flow to the company and the cost can be measured reliably.

The carrying amount of any replaced component is derecognised. Major components are treated as a separate asset when they have significantly different patterns of consumption of economic benefits and are depreciated separately over its useful life.

Repairs and maintenance costs are expensed as incurred.
Derecognition
Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in profit or loss.

Taxation
Taxation for the period 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.

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 period 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.

Employee 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.

Wishford Nurseries Limited (Registered number: 14816615)

Notes to the Financial Statements - continued
for the Period 20 April 2023 to 31 August 2024

2. ACCOUNTING POLICIES - continued

The Company provides a range of benefits to employees, including paid holiday arrangements and defined benefit and defined contribution pension plans.

Short term benefits
Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received.

Defined contribution pension plans
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The obligations are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Financial instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11.

Basic financial assets, including trade and other receivables, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.Such assets are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities, including trade and other payables, bank loans and overdrafts and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Wishford Nurseries Limited (Registered number: 14816615)

Notes to the Financial Statements - continued
for the Period 20 April 2023 to 31 August 2024

2. ACCOUNTING POLICIES - continued

Impairment of assets
Assets, other than those measured at fair value, as assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below:

Non-financial assets
At each balance sheet date non-financial assets not carried at fair value are assessed to determine whether there is an indication that the asset (or asset's cash generating unit) may be impaired. If there is such an indication the recoverable amount of the asset (or asset's cash generating unit) is compared to the carrying amount of the asset (or asset's cash generating unit).

The recoverable amount of the asset (or asset's cash generating unit) is the higher of the fair value less costs to sell and value in use. Value is use is defined as the present value of the future cash flows before interest and tax obtainable as a result of the asset's (or asset's cash generating unit) continued use. These cash flows are discounted using a pre-tax discount rate that represents the current market risk-free rate and risks inherent in the asset.

If the recoverable amount of the asset (or asset's cash generating unit) is estimated to be lower than the carrying amount, the carrying amount is reduced to its recoverable amount. An impairment loss is recognised in the profit and loss account, unless the asset has been revalued when the amount is recognised in other comprehensive income to the extent of any previously recognised revaluation. Thereafter an excess is recognised in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset (or asset's cash generating unit) is increased to the revised estimate of its recoverable amount, but only to the extent that the revised carrying amount does not exceed the carrying amount that would have been determined (net of depreciation or amortisation) had no impairment loss been recognised in prior periods. A reversal of an impairment loss is
recognised in the profit and loss account.

Financial assets
For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the financial asset's original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's
carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the report date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial assets to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Provisions and contingencies
Provisions are recognised when the Group has a present legal or constructive obligation as a result of past
events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is
determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one time included in the same class of obligations may be small.

Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as a finance cost.

Contingencies
Contingent liabilities are not recognised. Contingent liabilities arise as a result of past events when (a) it is not
probable that there will be an outflow of resources or that the amount cannot be reliably measured at the
reporting date or (b) when the existence will be confirmed by the occurrence or non-occurrence of uncertain
future events not wholly within the Group's control. Contingent liabilities are disclosed in the financial statements unless the probability of an outflow of resources is remote.

Contingent assets are not recognised. Contingent assets are disclosed in the financial statements when an
inflow of economic benefit is probable.

Wishford Nurseries Limited (Registered number: 14816615)

Notes to the Financial Statements - continued
for the Period 20 April 2023 to 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 23 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 439,233
At 31 August 2024 439,233
AMORTISATION
Amortisation for period 40,263
At 31 August 2024 40,263
NET BOOK VALUE
At 31 August 2024 398,970

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
Additions 850,000 2,005 46,743 7,609 906,357
At 31 August 2024 850,000 2,005 46,743 7,609 906,357
DEPRECIATION
Charge for period 15,583 239 1,393 660 17,875
At 31 August 2024 15,583 239 1,393 660 17,875
NET BOOK VALUE
At 31 August 2024 834,417 1,766 45,350 6,949 888,482

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 5,080
Amounts owed by group undertakings 1,313
Other debtors 11,727
Prepayments 11,430
29,550

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 69,193
Trade creditors 15,558
Social security and other taxes 6,963
Other creditors 32,727
Accruals and deferred income 44,951
169,392

Wishford Nurseries Limited (Registered number: 14816615)

Notes to the Financial Statements - continued
for the Period 20 April 2023 to 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans - 1-2 years 69,165
Bank loans - 2-5 years 206,660
Bank loans more 5 yr by instal 96,401
372,226

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 96,401

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 441,419

The company has secured its bank borrowings by a mortgage on the freehold property.

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

The Report of the Auditors was unqualified.

David Black (Senior Statutory Auditor)
for and on behalf of Sumer Auditco Limited

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. ULTIMATE CONTROLLING PARTY

The company's parent company is Wishford Education Holdco 2 Limited. The smallest and largest group into which the results of Wishford Nurseries Limited are consolidated is Wishford Education Group Limited.

Copies of the group financial statements may be obtained from 25-27 High Street, Corsham, Wiltshire, SN13 0ES.