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REGISTERED NUMBER: 09537064 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

K W Naylor and Son (Holdings) Limited

K W Naylor and Son (Holdings) Limited (Registered number: 09537064)

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










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 10


K W Naylor and Son (Holdings) Limited

Company Information
for the Year Ended 31 December 2024







Directors: M J W Naylor
N W Naylor
Mrs C M Naylor





Registered office: The Old Packhouse Sycamore Farm
Moulton Common
Spalding
Lincolnshire
PE12 6LF





Registered number: 09537064 (England and Wales)





Accountants: Moore Thompson
27 Market Place
Market Deeping
Peterborough
Cambridgeshire
PE6 8EA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
K W Naylor and Son (Holdings) Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of K W Naylor and Son (Holdings) Limited for the year ended 31 December 2024 which comprise the Income statement, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of K W Naylor and Son (Holdings) Limited, as a body, in accordance with the terms of our engagement letter dated 24 February 2023. Our work has been undertaken solely to prepare for your approval the financial statements of K W Naylor and Son (Holdings) Limited and state those matters that we have agreed to state to the Board of Directors of K W Naylor and Son (Holdings) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than K W Naylor and Son (Holdings) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that K W Naylor and Son (Holdings) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of K W Naylor and Son (Holdings) Limited. You consider that K W Naylor and Son (Holdings) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of K W Naylor and Son (Holdings) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
27 Market Place
Market Deeping
Peterborough
Cambridgeshire
PE6 8EA


24 April 2025

K W Naylor and Son (Holdings) Limited (Registered number: 09537064)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 5 2,278,905 2,289,931
Investments 6 90 90
Investment property 7 261,144 261,144
2,540,139 2,551,165

Current assets
Debtors 8 760,526 825,977
Cash at bank 23,067 75,063
783,593 901,040
Creditors
Amounts falling due within one year 9 210,202 200,071
Net current assets 573,391 700,969
Total assets less current liabilities 3,113,530 3,252,134

Creditors
Amounts falling due after more than one
year

10

(189,257

)

(270,594

)

Provisions for liabilities (348,066 ) (350,791 )
Net assets 2,576,207 2,630,749

Capital and reserves
Called up share capital 12 760,000 800,000
Revaluation reserve 13 1,416,665 1,416,665
Capital redemption reserve 13 40,000 -
Retained earnings 13 359,542 414,084
Shareholders' funds 2,576,207 2,630,749

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

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

K W Naylor and Son (Holdings) Limited (Registered number: 09537064)

Statement of Financial Position - continued
31 December 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 24 April 2025 and were signed on its behalf by:





M J W Naylor - Director


K W Naylor and Son (Holdings) Limited (Registered number: 09537064)

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


1. Statutory information

K W Naylor and Son (Holdings) 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 - Not depreciated
Renewable energy equipment - 15% on reducing balance and Straight line over 20 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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.


K W Naylor and Son (Holdings) Limited (Registered number: 09537064)

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


3. Accounting policies - continued
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.

4. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

5. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost or valuation
At 1 January 2024
and 31 December 2024 2,170,000 229,710 2,399,710
Depreciation
At 1 January 2024 - 109,779 109,779
Charge for year - 11,026 11,026
At 31 December 2024 - 120,805 120,805
Net book value
At 31 December 2024 2,170,000 108,905 2,278,905
At 31 December 2023 2,170,000 119,931 2,289,931

Cost or valuation at 31 December 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2021 2,170,000 - 2,170,000
Cost - 229,710 229,710
2,170,000 229,710 2,399,710

K W Naylor and Son (Holdings) Limited (Registered number: 09537064)

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


5. Tangible fixed assets - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 825,036 825,036
Aggregate depreciation 392,678 392,678

Value of land in freehold land and buildings 68,045 68,045

Freehold land and buildings were included in the accounts for the year ended 31 December 2024 based on the valuation on an open market basis on 8 July 2021 by Strutt & Parker.

6. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 January 2024
and 31 December 2024 90
Net book value
At 31 December 2024 90
At 31 December 2023 90

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Naylor Flowers Limited

Registered office: The Old Packhouse, Sycamore Farm, Moulton Commons, Spalding, Lincolnshire, PE12 6LF

Nature of business: Flowers, bulb and produce growers

%
Class of Shares: holding
Ordinary A 90.00

K W Naylor and Son (Holdings) Limited (Registered number: 09537064)

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


7. Investment property
Total
£   
Fair value
At 1 January 2024
and 31 December 2024 261,144
Net book value
At 31 December 2024 261,144
At 31 December 2023 261,144

8. Debtors
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 35,677 55,899

Amounts falling due after more than one year:
Amounts owed by group undertakings 723,639 759,307
Other debtors 1,210 10,771
724,849 770,078

Aggregate amounts 760,526 825,977

9. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 78,625 75,913
Trade creditors 422 203
Taxation and social security 36,763 47,670
Other creditors 94,392 76,285
210,202 200,071

10. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 189,257 270,594

11. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 267,882 346,507

The bank loan is secured by fixed and floating charges on property held by the company

K W Naylor and Son (Holdings) Limited (Registered number: 09537064)

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


12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200,000 Ordinary A £1 180,000 200,000
400,000 Ordinary B £1 400,000 400,000
200,000 Ordinary C £1 180,000 200,000
760,000 800,000

13. Reserves
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 January 2024 414,084 1,416,665 - 1,830,749
Profit for the year 69,958 69,958
Dividends (24,500 ) (24,500 )
Purchase of own shares (100,000 ) - 40,000 (60,000 )
At 31 December 2024 359,542 1,416,665 40,000 1,816,207

14. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
M J W Naylor
Balance outstanding at start of year (71,997 ) (73,197 )
Amounts advanced 69,440 91,075
Amounts repaid (70,140 ) (89,875 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (72,697 ) (71,997 )

N W Naylor
Balance outstanding at start of year 45,970 51,056
Amounts advanced 26,888 21,914
Amounts repaid (68,640 ) (27,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,218 45,970

K W Naylor and Son (Holdings) Limited (Registered number: 09537064)

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


14. Directors' advances, credits and guarantees - continued

Mrs C M Naylor
Balance outstanding at start of year 3,204 (5,625 )
Amounts advanced 20,369 109,829
Amounts repaid (31,360 ) (101,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,787 ) 3,204

The loans made to N W Naylor are unsecured and repayable on demand.

15. Related party disclosures

During the year the company was owed £723,639 (2023: £759,307) by Naylor Flowers Limited, on interest free terms.

K W Naylor and Son (Holdings) Ltd is Naylor Flowers Limited's parent undertaking.