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REGISTERED NUMBER: 01633207 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

G. & M. GROWERS LIMITED

G. & M. GROWERS LIMITED (REGISTERED NUMBER: 01633207)






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


G. & M. GROWERS LIMITED

COMPANY INFORMATION
for the Year Ended 31 AUGUST 2024







DIRECTORS: Mr D Metcalfe
Mr J D Metcalfe
Mr D Yates





SECRETARY: Mr D Metcalfe





REGISTERED OFFICE: 79 Hitchin Road
Upper Caldecote
Biggleswade
Bedfordshire
SG18 9BU





REGISTERED NUMBER: 01633207 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

G. & M. GROWERS LIMITED (REGISTERED NUMBER: 01633207)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 712,820 734,616
Investment property 5 4,186,787 4,088,564
4,899,607 4,823,180

CURRENT ASSETS
Stocks 385,262 302,251
Debtors 6 82,264 131,539
Cash at bank 1,931,722 2,057,803
2,399,248 2,491,593
CREDITORS
Amounts falling due within one year 7 508,885 500,181
NET CURRENT ASSETS 1,890,363 1,991,412
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,789,970

6,814,592

PROVISIONS FOR LIABILITIES 273,789 243,514
NET ASSETS 6,516,181 6,571,078

CAPITAL AND RESERVES
Called up share capital 8 5,000 5,000
Retained earnings 6,511,181 6,566,078
SHAREHOLDERS' FUNDS 6,516,181 6,571,078

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.

G. & M. GROWERS LIMITED (REGISTERED NUMBER: 01633207)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:




Mr D Yates - Director



Mr J D Metcalfe - Director


G. & M. GROWERS LIMITED (REGISTERED NUMBER: 01633207)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2024

1. STATUTORY INFORMATION

G. & M. Growers 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. 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 represents net invoiced sales of goods and shop takings, excluding value added tax.

Rental income
Rental income is recognised when the company is entitled to receive income based on the contractual agreements in force.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Buildings - 2% on cost
Plant and Machinery - 15% on reducing balance
Motor vehicles- 25% on reducing balance

Buildings represent the building costs of the warehouse and shop premises from which the company operates. The freehold land on which the buildings stand is owned personally by the director Mr D Metcalfe.

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.

In accordance with the Financial Reporting Standards, investment properties are revalued annually.

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

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 balance sheet date.


G. & M. GROWERS LIMITED (REGISTERED NUMBER: 01633207)

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.

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 23 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
Buildings machinery vehicles Totals
£    £    £    £   
COST
At 1 September 2023 1,014,044 893,138 248,712 2,155,894
Additions - 8,052 44,269 52,321
At 31 August 2024 1,014,044 901,190 292,981 2,208,215
DEPRECIATION
At 1 September 2023 535,966 646,422 238,890 1,421,278
Charge for year 20,281 40,314 13,522 74,117
At 31 August 2024 556,247 686,736 252,412 1,495,395
NET BOOK VALUE
At 31 August 2024 457,797 214,454 40,569 712,820
At 31 August 2023 478,078 246,716 9,822 734,616

G. & M. GROWERS LIMITED (REGISTERED NUMBER: 01633207)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 4,088,564
Revaluations 98,223
At 31 August 2024 4,186,787
NET BOOK VALUE
At 31 August 2024 4,186,787
At 31 August 2023 4,088,564

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 4,186,787

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 3,155,664 3,155,664

The investment property was valued on an open market basis on 31 August 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 46,935 106,747
Other debtors 10,123 10,123
Directors' loan accounts 751 5,191
VAT - 9,478
Prepayments 24,455 -
82,264 131,539

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 318,985 331,059
Amounts owed to group undertakings 93,334 45,000
Corporation tax 60,594 106,680
VAT 16,329 -
Directors' loan accounts 7,779 2,780
Accruals 11,864 14,662
508,885 500,181

G. & M. GROWERS LIMITED (REGISTERED NUMBER: 01633207)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Name: Nominal 2023 2022
value: £    £   
4,500 Ordinary £1 4,500 4,500
200 A Ordinary £1 200 200
150 B Ordinary £1 150 150
150 C Ordinary £1 150 150
5,000 5,000

All shares rank pari passu equally in all regards except that each class of shares has a right to receive dividends payable to that class of shares only.

9. 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
£    £   
Mr J D Metcalfe
Balance outstanding at start of year 5,191 3,851
Amounts advanced 751 5,191
Amounts repaid (5,191 ) (3,851 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 751 5,191

Overdrawn director loans have been repaid in full shortly after the year end.

10. ULTIMATE CONTROLLING PARTY

The company's ultimate parent and controlling party is G & M New Co No 1 Limited, a company incorporated in
England and Wales. The registered address of the parent company is 260-270 Butterfield Great Marlings, Luton,
Bedfordshire, England, LU2 8DL. The trading address of the parent company is 79 Hitchin Road, Upper
Caldecote, Biggleswade, Beds, SG18 9BU.