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REGISTERED NUMBER: 03729373 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Warnes Nurseries Limited

Warnes Nurseries Limited (Registered number: 03729373)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Warnes Nurseries Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: B C Warnes
L M Warnes





REGISTERED OFFICE: Old Farmhouse Poplar Farm
Wormald Green
HARROGATE
HG3 3NJ





REGISTERED NUMBER: 03729373 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Warnes Nurseries Limited (Registered number: 03729373)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 207
Tangible assets 5 187,010 186,019
187,010 186,226

CURRENT ASSETS
Debtors 6 53,602 42,624
Cash at bank and in hand 57,057 68,099
110,659 110,723
CREDITORS
Amounts falling due within one year 7 (31,217 ) (68,296 )
NET CURRENT ASSETS 79,442 42,427
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,452

228,653

PROVISIONS FOR LIABILITIES 9 (5,189 ) (3,980 )
NET ASSETS 261,263 224,673

CAPITAL AND RESERVES
Called up share capital 10 200,000 200,000
Retained earnings 61,263 24,673
SHAREHOLDERS' FUNDS 261,263 224,673

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

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

Warnes Nurseries Limited (Registered number: 03729373)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 6 May 2025 and were signed on its behalf by:





B C Warnes - Director


Warnes Nurseries Limited (Registered number: 03729373)

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

1. STATUTORY INFORMATION

Warnes 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.

The principal place of business is Low Wath Road, Pateley Bridge, Harrogate, North Yorkshire, HG3 5HL.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the Uk and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have also been consistently applied within the same accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.

Income Recognition
Income is recognised when the conditions contained within a contract for services have been met.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost and 2% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

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

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 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.


Warnes Nurseries Limited (Registered number: 03729373)

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

2. ACCOUNTING POLICIES - continued
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 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.

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.

Leasing commitments
Rentals paid under operating leases are charged to the profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Website
development
costs
£   
COST
At 1 September 2023
and 31 August 2024 2,235
AMORTISATION
At 1 September 2023 2,028
Amortisation for year 207
At 31 August 2024 2,235
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 207

Warnes Nurseries Limited (Registered number: 03729373)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 413,657 29,549 3,863 447,069
Additions - 11,133 2,498 13,631
At 31 August 2024 413,657 40,682 6,361 460,700
DEPRECIATION
At 1 September 2023 247,786 10,630 2,634 261,050
Charge for year 6,710 5,090 840 12,640
At 31 August 2024 254,496 15,720 3,474 273,690
NET BOOK VALUE
At 31 August 2024 159,161 24,962 2,887 187,010
At 31 August 2023 165,871 18,919 1,229 186,019

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,033 6,589
Prepayments and accrued income 45,569 36,035
53,602 42,624

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 23,435 16,173
Directors' current accounts 156 15,964
Accruals and deferred income 3,870 3,685
Other creditors 3,756 32,474
31,217 68,296

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 9,328 9,328
Between one and five years 28,000 30,328
In more than five years 120,800 127,800
158,128 167,456

Warnes Nurseries Limited (Registered number: 03729373)

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

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,189 3,980

Deferred
tax
£   
Balance at 1 September 2023 3,980
Accelerated capital allowances 1,209
Balance at 31 August 2024 5,189

10. CALLED UP SHARE CAPITAL

Alloted, issued and fully paid:

Number: Class: Nominal 2023 2022
Value: £ £
200,000 Ordinary £1 200,000 200,000



11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
B C Warnes
Balance outstanding at start of year (15,964 ) (48,669 )
Amounts advanced 38,808 32,705
Amounts repaid (23,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (156 ) (15,964 )

No interest was charged.