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REGISTERED NUMBER: 02981985 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Bowes Park Nurseries Limited

Bowes Park Nurseries Limited (Registered number: 02981985)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bowes Park Nurseries Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr Paolo Aldo Carlo Chiesa



SECRETARY: Tollgate (Secretarial) Limited



REGISTERED OFFICE: Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA



REGISTERED NUMBER: 02981985 (England and Wales)



ACCOUNTANTS: ElanTax.com
Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA



BANKERS: National Westminster Bank plc
315 Station Road
Harrow
Middlesex
HA1 2AD



SOLICITORS: John Bays & Co
240A High Road
Wood Green
London
N22 8HH

Bowes Park Nurseries Limited (Registered number: 02981985)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,826,309 2,532,046

CURRENT ASSETS
Debtors 5 419,708 587,145
Cash at bank and in hand 899,598 774,121
1,319,306 1,361,266
CREDITORS
Amounts falling due within one year 6 251,728 271,753
NET CURRENT ASSETS 1,067,578 1,089,513
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,893,887

3,621,559

CREDITORS
Amounts falling due after more than one
year

7

200,000

200,000
NET ASSETS 3,693,887 3,421,559

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 3,692,887 3,420,559
SHAREHOLDERS' FUNDS 3,693,887 3,421,559

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

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

Bowes Park Nurseries Limited (Registered number: 02981985)

Balance Sheet - continued
31 May 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 director and authorised for issue on 23 January 2025 and were signed by:





Mr Paolo Aldo Carlo Chiesa - Director


Bowes Park Nurseries Limited (Registered number: 02981985)

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

1. STATUTORY INFORMATION

Bowes Park 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
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Long leasehold - in accordance with the property
Improvements to property - 15% on reducing balance
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Taxation
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2023 - 50 ) .

Bowes Park Nurseries Limited (Registered number: 02981985)

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Long to
property leasehold property
£    £    £   
COST
At 1 June 2023 2,197,379 411,515 405,811
Additions - 327,889 -
At 31 May 2024 2,197,379 739,404 405,811
DEPRECIATION
At 1 June 2023 80,338 49,136 353,185
Charge for year 15,947 9,785 7,894
At 31 May 2024 96,285 58,921 361,079
NET BOOK VALUE
At 31 May 2024 2,101,094 680,483 44,732
At 31 May 2023 2,117,041 362,379 52,626

Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 72,223 59,006 47,202 3,193,136
Additions - - - 327,889
At 31 May 2024 72,223 59,006 47,202 3,521,025
DEPRECIATION
At 1 June 2023 72,223 59,006 47,202 661,090
Charge for year - - - 33,626
At 31 May 2024 72,223 59,006 47,202 694,716
NET BOOK VALUE
At 31 May 2024 - - - 2,826,309
At 31 May 2023 - - - 2,532,046

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 2,536 9,228
Other debtors 2,000 1,333
Childcare Plus Ltd 412,404 574,704
Prepayments 2,768 1,880
419,708 587,145

Bowes Park Nurseries Limited (Registered number: 02981985)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Tax 117,986 73,844
Pension creditors 2,563 -
Deposit 49,200 67,720
Fees paid in advance 5,174 11,807
Directors' current accounts 51,678 59,975
Accruals and deferred income 13,652 46,585
Accrued expenses 11,475 11,822
251,728 271,753

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Directors' loan accounts 200,000 200,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
900 Ordinary 1 900 900
50 A Ordinary 1 50 50
50 B Ordinary 1 50 50
1,000 1,000

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.5.24 31.5.23
£    £   
Mr Paolo Aldo Carlo Chiesa
Balance outstanding at start of year (259,975 ) (432,367 )
Amounts advanced 102,914 217,392
Amounts repaid (94,617 ) (45,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (251,678 ) (259,975 )

10. RELATED PARTY DISCLOSURES

The company was under the control of Mr P Chiesa throughout the current and previous year. Mr P Chiesa is the managing director and majority shareholder. Mr P Chiesa is personally interested in 95% (2023 - 95%) of the company's share capital.

Included within the debtor balance is £412,404 (2023 - £574,704) due from Childcare Plus Limited, a company in which Mr P Chiesa is interested as shareholder. The amount will be repaid in due course with interest at commercial rate.