Directors |
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Company Number |
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Registered Office | Bell Plantation (Garden Centre) Ltd |
Watling Street | |
Towcester | |
NN12 6GX | |
Accountants | KRW Accountants Ltd |
Auditors |
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The Mill | |
Pury Hill Business Park | |
Alderton Road | |
Towcester | |
NN12 7LS | |
Director
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27 March 2025
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Director
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for and on behalf of
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The Mill
Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS
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2024 | 2023 | |||
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Notes | £ | £ | ||
TURNOVER |
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Cost of sales |
( |
( |
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GROSS PROFIT |
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Administrative expenses |
( |
( |
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Other operating income |
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OPERATING PROFIT | 4 |
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Profit on revaluation of investments |
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Other interest receivable and similar income | 9 |
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Interest payable and similar charges | 10 |
( |
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PROFIT BEFORE TAXATION |
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Tax on Profit | 11 |
( |
( |
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PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
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OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
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2024 | 2023 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 12 |
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Investment Properties | 13 |
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CURRENT ASSETS | |||||
Stocks | 15 |
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Debtors | 16 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 17 |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 18 |
( |
( |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 21 |
( |
( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 23 |
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Fair value reserve | 27 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 3,506,573 | 3,151,970 | |||
Director
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2024 | 2023 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 12 |
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Investment Properties | 13 |
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Investments | 14 |
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CURRENT ASSETS | |||||
Debtors | 16 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 17 |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 18 |
( |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 21 |
( |
( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 23 |
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Fair value reserve | 27 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 2,297,700 | 2,024,962 | |||
Director
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Share Capital | Fair value reserve | Profit and Loss Account | Total | |
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£ | £ | £ | £ | |
As at 1 October 2022 |
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1,789,734 |
Profit for the year and total comprehensive income | - | - |
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1,507,596 |
Dividends paid | - | - | (145,360) | (145,360) |
Movements in fair value reserve | - | 1,245,867 | - | 1,245,867 |
Movements type A | - | (311,467) | - | (311,467) |
Transfer to/from Fair value reserve | - | - | (934,400) | (934,400) |
As at 30 September 2023 and 1 October 2023 |
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3,151,970 |
Profit for the year and total comprehensive income | - | - |
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634,183 |
Dividends paid | - | - | (279,580) | (279,580) |
As at 30 September 2024 |
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3,506,573 |
Share Capital | Fair value reserve | Profit and Loss Account | Total | |
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£ | £ | £ | £ | |
As at 1 October 2022 as previously stated |
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1,040,610 |
Prior year adjustment | - | - |
( |
( |
As at 1 October 2022 as restated |
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935,927 |
Profit for the year and total comprehensive income | - | - |
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1,234,395 |
Dividends paid | - | - | (145,360) | (145,360) |
Movements in fair value reserve | - | 1,245,867 | - | 1,245,867 |
Movements type A | - | (311,467) | - | (311,467) |
Transfer to/from Fair value reserve | - | - | (934,400) | (934,400) |
As at 30 September 2023 and 1 October 2023 |
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2,024,962 |
Profit for the year and total comprehensive income | - | - |
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552,318 |
Dividends paid | - | - | (279,580) | (279,580) |
As at 30 September 2024 |
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2,297,700 |
2024 | 2023 | |||
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Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
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Interest paid |
( |
( |
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Tax paid |
( |
( |
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Net cash generated from operating activities |
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Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
( |
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Interest received |
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Net cash used in investing activities |
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( |
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Cash flows from financing activities | ||||
Equity dividends paid |
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( |
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Proceeds from new bank borrowings |
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Repayment of bank borrowings |
( |
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Repayment of finance leases |
( |
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Amount withdrawn by directors | (90,738) | (697,705) | ||
Net cash used in financing activities |
( |
( |
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Decrease in cash and cash equivalents |
( |
( |
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Cash and cash equivalents at beginning of year | 2 |
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Cash and cash equivalents at end of year | 2 |
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2024 | 2023 | ||
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£ | £ | ||
Profit for the financial year |
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Adjustments for: | |||
Tax on profit |
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Interest expense |
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Interest income |
( |
( |
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Depreciation of tangible assets |
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Profit on revaluation of fixed assets | - | (1,245,867) | |
Movements in working capital: | |||
Increase in stocks |
( |
( |
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Increase in trade and other debtors |
( |
( |
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(Decrease)/increase in trade and other creditors |
( |
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Net cash generated from operations |
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2024 | 2023 | ||
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£ | £ | ||
Cash at bank and in hand |
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As at 1 October 2023 | Cash flows | As at 30 September 2024 | |
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£ | £ | £ | |
Cash at bank and in hand |
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(123,158) |
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Finance leases | (14,235) | 10,048 | (4,187) |
Debts falling due within one year |
( |
94,507 |
( |
Debts falling due after more than one year | (6,723,447) | 249,236 | (6,474,211) |
(6,486,116) | 230,633 | (6,255,483) | |
Freehold |
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Improvements to property |
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Plant & Machinery |
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Motor Vehicles |
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Fixtures & Fittings |
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Computer Equipment |
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2024 | 2023 | ||
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£ | £ | ||
Rental income |
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Other operating income |
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745,395 | 694,940 | ||
2024 | 2023 | ||
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£ | £ | ||
Bad debts | 25,368 | 58 | |
Depreciation of tangible fixed assets |
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2024 | 2023 | ||
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£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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Group | Company | ||||||
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2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Wages and salaries |
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Social security costs |
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Other pension costs |
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2024 | 2023 | ||
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Garden Centre Staff |
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Directors |
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2024 | 2023 | ||
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£ | £ | ||
Emoluments |
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Company contributions to money purchase pension schemes |
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2024 | 2023 | ||
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£ | £ | ||
Bank interest receivable |
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2024 | 2023 | ||
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£ | £ | ||
Bank loans and overdrafts |
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Interest payable on other loans |
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Finance charges payable under finance leases and hire purchase contracts | 951 | 951 | |
539,362 | 448,565 | ||
The tax charge on the profit for the year was as follows:
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Tax Rate | 2024 | 2023 | |||
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2024 | 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 22.0% |
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Deferred Tax | |||||
Deferred taxation |
( |
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Total tax charge for the period |
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The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
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2024 | 2023 | ||||
£ | £ | ||||
Profit before tax | 823,641 | 2,078,564 | |||
Tax on profit at 25% (UK standard rate) |
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Goodwill/depreciation not allowed for tax |
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Expenses not deductible for tax purposes |
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Capital allowances |
( |
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Short term timing differences |
( |
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Difference in tax rates |
( |
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Total tax charge for the period | 189,458 | 570,968 | |||
Land & Property | ||||
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Freehold | Improvements to property | Plant & Machinery | Motor Vehicles | |
£ | £ | £ | £ | |
Cost | ||||
As at 1 October 2023 |
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Additions |
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As at 30 September 2024 |
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Depreciation | ||||
As at 1 October 2023 |
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Provided during the period |
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As at 30 September 2024 |
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Net Book Value | ||||
As at 30 September 2024 |
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As at 1 October 2023 |
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Fixtures & Fittings | Computer Equipment | Total | |
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£ | £ | £ | |
Cost | |||
As at 1 October 2023 |
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Additions |
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As at 30 September 2024 |
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Depreciation | |||
As at 1 October 2023 |
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Provided during the period |
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As at 30 September 2024 |
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Net Book Value | |||
As at 30 September 2024 |
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As at 1 October 2023 |
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Land & Property | ||||
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Freehold | Fixtures & Fittings | Computer Equipment | Total | |
£ | £ | £ | £ | |
Cost | ||||
As at 1 October 2023 |
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Additions |
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As at 30 September 2024 |
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Depreciation | ||||
As at 1 October 2023 |
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Provided during the period |
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As at 30 September 2024 |
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Net Book Value | ||||
As at 30 September 2024 |
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As at 1 October 2023 |
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2024 | |
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Fair Value | |
As at 1 October 2023 and 30 September 2024 |
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2024 | |
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£ | |
Fair Value | |
As at 1 October 2023 and 30 September 2024 |
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Subsidiaries | |
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£ | |
Cost | |
As at 1 October 2023 |
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As at 30 September 2024 |
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Provision | |
As at 1 October 2023 |
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As at 30 September 2024 |
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Net Book Value | |
As at 30 September 2024 |
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As at 1 October 2023 |
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Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
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Bell Plantation (Garden Centre) Ltd, Watling Street, Towcester, NN12 6GX |
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- |
2024 | 2023 | ||
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£ | £ | ||
Stock |
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Group | Company | ||||||
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2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Due within one year | |||||||
Trade debtors |
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Other debtors | 90,741 | 89,700 | 7,477 | 9,397 | |||
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Group | Company | ||||||
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2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Net obligations under finance lease and hire purchase contracts |
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Trade creditors |
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Bank loans and overdrafts |
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Amounts owed to group undertakings | - | - |
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Other creditors | 2,152,769 | 2,359,355 | 2,139,801 | 2,344,364 | |||
Corporation tax |
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Taxation and social security | 156,713 | 112,616 | 43,621 | 35,627 | |||
Accruals and deferred income |
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Group | Company | ||||||
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2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Net obligations under finance lease and hire purchase contracts | - |
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Bank loans |
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Group | Company | ||||||
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2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Net obligations under finance lease and hire purchase contracts | 4,187 | 14,235 | - | - | |||
Bank loans and overdrafts | 6,849,401 | 7,193,145 | 6,499,657 | 6,709,201 |
Group | Company | ||||||
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2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Amounts falling due within one year or on demand: | |||||||
Bank loans |
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Group | Company | ||||||
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2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Amounts falling due between one and five years: | |||||||
Bank loans |
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Group | ||||
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2024 | 2023 | |||
£ | £ | |||
The future minimum finance lease payments are as follows: | ||||
Not later than one year |
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Later than one year and not later than five years | - |
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Group | Company | ||||||
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2024 | 2023 | 2024 | 2023 | ||||
£ | £ | £ | £ | ||||
Other timing differences | 461,429 | 509,831 | 387,433 | 414,366 | |||
Group | ||
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Deferred Tax | Total | |
£ | £ | |
As at 1 October 2023 |
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509,831 |
Utilised |
( |
(48,402) |
Balance at 30 September 2024 |
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461,429 |
Company | ||
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Deferred Tax | Total | |
£ | £ | |
As at 1 October 2023 |
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414,366 |
Utilised |
( |
(26,933) |
Balance at 30 September 2024 |
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387,433 |
2024 | 2023 | ||
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£ | £ | ||
Not later than one year |
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Later than one year and not later than five years |
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2024 | 2023 | ||
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£ | £ | ||
On equity shares: | |||
Interim dividend paid |
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Alban Mann LLP
A limited liability partnership in which the directors are also members.
During the year the Group was charged £12,000 (2023 - £12,000) rent by the LLP. At the year-end the amount outstanding to the LLP and included in trade creditors was £14,400 (2023 - £14,400).
Artifex Build Ltd
A company in which a director has an interest.
During the year the Group provided services to the Company of £NIL (2023 - £2,233). The Group also purchased goods and services from the Company valued at £35,686 (2023 - £150,661). At the year-end the amounted owed to the company and included in trade creditors was £NIL (2023 - £17,690).
Complete Ground Management Limited
A company in which a director has an interest.
During the year the Group provided services to the Company of £179 (2023 - £NIL). The Group also purchased goods and services from the Company valued at £62,225 (2023 - £47,683). At the year-end the amounted owed to the company and included in trade creditors was £3,171 (2023 - £2,500).
Bell Plantation partnership
A partnership in which directors are members.
During the year the Group provided services to the Partnership of £NIL (2023 - £113). The Group also purchased goods and services from the Partnership valued at £361 (2023 - £1,656). At the year-end the amounted owed to the company and included in trade creditors was £NIL (2023 - £1,987).
Watling Land Ltd
A company in which directors have an interest.
During the year the Group provided services to the Company of £61,179 (2023 - £NIL). At the year-end the amount due to the Group and included in trade debtors was £73,414 (2023 - £NIL) The Group also purchased goods and services from the Company valued at £32,250 (2023 - £NIL). At the year-end the amounted owed to the company and included in trade creditors was £28,700 (2023 - £NIL).