Grasslands (Nurseries) Limited 02616875 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is Garden Nursery Digita Accounts Production Advanced 6.30.9574.0 true 02616875 2024-01-01 2024-12-31 02616875 2024-12-31 02616875 core:OtherReservesSubtotal 2024-12-31 02616875 core:RetainedEarningsAccumulatedLosses 2024-12-31 02616875 core:ShareCapital 2024-12-31 02616875 core:CurrentFinancialInstruments 2024-12-31 02616875 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 02616875 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 02616875 core:OtherResidualIntangibleAssets 2024-12-31 02616875 core:ConstructionInProgressAssetsUnderConstruction 2024-12-31 02616875 core:FurnitureFittings 2024-12-31 02616875 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-31 02616875 core:OfficeEquipment 2024-12-31 02616875 core:PlantMachinery 2024-12-31 02616875 bus:SmallEntities 2024-01-01 2024-12-31 02616875 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02616875 bus:FilletedAccounts 2024-01-01 2024-12-31 02616875 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02616875 bus:RegisteredOffice 2024-01-01 2024-12-31 02616875 bus:CompanySecretaryDirector1 2024-01-01 2024-12-31 02616875 bus:Director1 2024-01-01 2024-12-31 02616875 bus:Director3 2024-01-01 2024-12-31 02616875 bus:Director4 2024-01-01 2024-12-31 02616875 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02616875 core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 02616875 core:ConstructionInProgressAssetsUnderConstruction 2024-01-01 2024-12-31 02616875 core:FurnitureFittings 2024-01-01 2024-12-31 02616875 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02616875 core:OfficeEquipment 2024-01-01 2024-12-31 02616875 core:PlantMachinery 2024-01-01 2024-12-31 02616875 countries:EnglandWales 2024-01-01 2024-12-31 02616875 2023-12-31 02616875 core:OtherResidualIntangibleAssets 2023-12-31 02616875 core:ConstructionInProgressAssetsUnderConstruction 2023-12-31 02616875 core:FurnitureFittings 2023-12-31 02616875 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 02616875 core:OfficeEquipment 2023-12-31 02616875 core:PlantMachinery 2023-12-31 02616875 2023-01-01 2023-12-31 02616875 2023-12-31 02616875 core:OtherReservesSubtotal 2023-12-31 02616875 core:RetainedEarningsAccumulatedLosses 2023-12-31 02616875 core:ShareCapital 2023-12-31 02616875 core:CurrentFinancialInstruments 2023-12-31 02616875 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02616875 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 02616875 core:OtherResidualIntangibleAssets 2023-12-31 02616875 core:ConstructionInProgressAssetsUnderConstruction 2023-12-31 02616875 core:FurnitureFittings 2023-12-31 02616875 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 02616875 core:OfficeEquipment 2023-12-31 02616875 core:PlantMachinery 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 02616875

Grasslands (Nurseries) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Grasslands (Nurseries) Limited

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Grasslands (Nurseries) Limited

Company Information

Directors

A P Watmore

J Watmore

S Watmore

P S Watmore

Company secretary

J Watmore

Registered office

Hawthorn House
Free Green Lane
Peover Superior
Knutsford
Cheshire
WA16 9QY

Accountants

Bright Partnership Limited
Chartered Accountants
Suite 1 Armcon Business Park,
London Road South
Poynton
Cheshire
SK12 1LQ

 

Grasslands (Nurseries) Limited

(Registration number: 02616875)
Statement of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

3,600

5,399

Tangible assets

5

1,056,914

1,539,528

Investment property

6

3,882,850

3,875,937

 

4,943,364

5,420,864

Current assets

 

Stocks

826,767

690,898

Debtors

7

8,947

4,730

Cash at bank and in hand

 

306,689

1,391,004

 

1,142,403

2,086,632

Creditors: Amounts falling due within one year

8

(1,140,105)

(400,941)

Net current assets

 

2,298

1,685,691

Total assets less current liabilities

 

4,945,662

7,106,555

Creditors: Amounts falling due after more than one year

8

(43,955)

-

Provisions for liabilities

(170,741)

(286,228)

Net assets

 

4,730,966

6,820,327

Capital and reserves

 

Called up share capital

100

100

Other reserves

323,762

351,687

Retained earnings

4,407,104

6,468,540

Shareholders' funds

 

4,730,966

6,820,327

 

Grasslands (Nurseries) Limited

(Registration number: 02616875)
Statement of Financial Position as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 April 2025 and signed on its behalf by:
 

.........................................
A P Watmore
Director

.........................................
J Watmore
Company secretary and director

.........................................
S Watmore
Director

.........................................
P S Watmore
Director

 

Grasslands (Nurseries) Limited

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

1

Statutory Information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hawthorn House
Free Green Lane
Peover Superior
Knutsford
Cheshire
WA16 9QY

These financial statements were authorised for issue by the Board on 29 April 2025.

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 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.

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 five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Investments 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

 

Grasslands (Nurseries) Limited

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

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting 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 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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

 

Grasslands (Nurseries) Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 34 (2023 - 31).

 

Grasslands (Nurseries) Limited

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

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 January 2024

8,999

8,999

At 31 December 2024

8,999

8,999

Amortisation

At 1 January 2024

3,600

3,600

Amortisation charge

1,799

1,799

At 31 December 2024

5,399

5,399

Carrying amount

At 31 December 2024

3,600

3,600

At 31 December 2023

5,399

5,399

5

Tangible assets

Land and buildings
£

Improvements to properties
£

Fixtures and fittings
£

Plant and machinery
£

Cost or valuation

At 1 January 2024

449,018

963,369

166,349

1,132,733

Additions

-

72,821

23,970

159,226

Disposals

(449,018)

-

-

(58,699)

At 31 December 2024

-

1,036,190

190,319

1,233,260

Depreciation

At 1 January 2024

-

568,751

58,527

557,191

Charge for the year

-

93,487

32,648

143,110

Eliminated on disposal

-

-

-

(39,479)

At 31 December 2024

-

662,238

91,175

660,822

Carrying amount

At 31 December 2024

-

373,952

99,144

572,438

At 31 December 2023

449,018

394,618

107,822

575,542

 

Grasslands (Nurseries) Limited

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

Office equipment
£

Total
£

Cost or valuation

At 1 January 2024

44,969

2,756,438

Additions

2,645

258,662

Disposals

-

(507,717)

At 31 December 2024

47,614

2,507,383

Depreciation

At 1 January 2024

32,441

1,216,910

Charge for the year

3,793

273,038

Eliminated on disposal

-

(39,479)

At 31 December 2024

36,234

1,450,469

Carrying amount

At 31 December 2024

11,380

1,056,914

At 31 December 2023

12,528

1,539,528

6

Investment properties

2024
£

At 1 January

3,875,937

Fair value adjustments

6,913

At 31 December

3,882,850

There has been no valuation of investment property by an independent valuer.

Fair value at 31 December 2024 is represented by:
£
Valuation in 2018 119,001
Valuation in 2019 22,722
Valuation in 2020 58,329
Valuation in 2021 54,663
Valuation in 2022 112,030
Valuation in 2023 (27,925)
Valuation in 2024 6,912
Cost 3,537,118
Total 3,882,850
 

 

Grasslands (Nurseries) Limited

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

7

Debtors amounts falling due within one year

Current

2024
£

2023
£

Trade debtors

3,506

409

Prepayments

5,241

4,121

Other debtors

200

200

 

8,947

4,730

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Taxation

 

344,879

98,591

HP and finance lease liability 1 (under 1yr)

 

32,000

-

Trade creditors

 

46,071

191,391

Due to Parent Company

501,611

384

Taxation and social security

 

204,984

83,770

Accruals and deferred income

 

10,460

26,705

Due to associated companies

 

100

100

 

1,140,105

400,941

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

HP and finance lease liability 1 (2-5 yrs)

43,955

-