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The Green House Sussex Ltd
Strategic Report, Directors' Report and
Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Company Information 1
Strategic Report 2
Directors' Report 3—4
Independent Auditor's Report 5—8
Profit and Loss Account 9
Statement of Comprehensive Income 10
Balance Sheet 11
Statement of Changes in Equity 12
Statement of Cash Flows 13
Notes to the Statement of Cash Flows 14
Notes to the Financial Statements 15—20
Page 1
Company Information
Directors Mr N Stevenson
Mr R Diplock
Company Number 02648918
Registered Office 76 Aldwick Road
Bognor Regis
West Sussex
PO21 2PE
Auditors Bromley Clackett Limited
76 Aldwick Road
Bognor Regis
West Sussex
PO21 2PE
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Strategic Report
The directors present their strategic report for the year ended 30 November 2024.
Review of the Business
A summary of the results and key performance indicators are as follows:
Summary of financial results
Turnover increased from £8,102,414 to £9,801,697 for the year ended 30th November 2024 and gross profit increased from £979,052 to £1,045,983.  The gross profit margin was 10.67% compared to 12.08% last year and the overall result for the year was a net loss of £923,240 compared to a net profit for the previous year of £257,956.  The loss has reduced the company's net assets from £1,220,501 at 30th November 2023 to £353,836 at 30th November 2024.  Reasons for the financial performance are outlined below.
Review of the business 
The main activity of the company continues to be the growing and packing of tomatoes on the vine for sale to UK retailers. Some of the growing facilities were also rented to a third-party grower of soft fruit. Following the impact of Tomato brown rugose virus (ToBRFV) in some of crops during the 2023 season, the management changed the complete cropping for 2024 to virus resistant varieties. This change was successful in that no ToBRFV symptoms were experienced, however the resistant variety yields fell short of forecast and so turnover was impacted. The financial impact was once again mitigated by favourable energy contracts but led to the reported loss.
Future performance
The company has selected the best yielding and best flavour varieties grown in 2024 to continue in the 2025 season. Together with the experience gained in 2024 and changes in working practices to further improve performance the company forecasts a return to profitability in the face of increasing costs.
Principal risks and uncertainties
The increase in labour costs caused by National Insurance contribution increases with effect from April 2025 will need to be passed on to retail customers and then on to consumers. This could have an impact on demand for UK grown tomatoes which compete with food imported from lower cost countries. 
Gas prices, although hedged against for the 2025 season, remain a risk in the longer term in particular as is the ongoing availability of staff to harvest and pack fruit. Pests and diseases are an ongoing threat which all staff are made aware of and strict hygiene measures implemented to control the risks.
On behalf of the board
Mr N Stevenson
Director
29th May 2025
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Directors' Report
The directors present their report and the financial statements for the year ended 30 November 2024.
Principal Activity
The principal activity continues to be that of tomato producers.
Dividends
No dividends have been declared during the year and none are currently proposed. 
Directors
The directors who held office during the year were as follows:
Mr N Stevenson
Mr R Diplock
Statement of Directors' Responsibilities
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Directors' Report is approved:
  • so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
  • they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.
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Independent Auditors
The auditors, Bromley Clackett Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.
On behalf of the board
Mr N Stevenson
Director
29th May 2025
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Independent Auditor's Report
Opinion
We have audited the financial statements of The Green House Sussex Ltd for the year ended 30 November 2024 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:
  • give a true and fair view of the state of the company's affairs as at 30 November 2024 and of its profit/(loss) for the year then ended;
  • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
  • have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on Other Matters Prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
  • the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
  • the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.
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Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
  • adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
  • the financial statements are not in agreement with the accounting records or returns; or
  • certain disclosures of directors' remuneration specified by law are not made; or
  • we have not received all the information and explanations we require for our audit.
Responsibilities of Directors
As explained more fully in the Directors' Responsibilities Statement set out on page 3—4, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
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Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 
The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with management of the company.
 -  We obtained an understanding of the legal and regulatory requirements applicable to the company and considered that the most significant are the Companies Act 2006, Financial reporting Standard 102 and tax legislation.
 -  We communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
 -  We inquired of management as to any known instances of irregularities or non-compliance with laws and regulations.
 -  We agreed the financial statement disclosures to underlying supporting documentation and performed detailed testing on accounts balances which were considered to be at a greater risk of susceptibility to fraud.
As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
 -  Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
 -  Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the group’s internal control.
 -  Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.
 -  Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with management regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use Of Our Report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
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Mr L Clackett FCCA ACA (Senior Statutory Auditor)
for and on behalf of Bromley Clackett Limited , Statutory Auditor
2nd June 2025
Bromley Clackett Limited
76 Aldwick Road
Bognor Regis
West Sussex
PO21 2PE
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Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 9,801,697 8,102,414
Cost of sales (8,755,714 ) (7,123,362 )
GROSS PROFIT 1,045,983 979,052
Distribution costs (892,580 ) (1,007,081 )
Administrative expenses (1,336,327 ) (1,387,662 )
Other operating income 210,048 1,690,611
OPERATING (LOSS)/PROFIT 4 (972,876 ) 274,920
Other interest receivable and similar income 9 49,636 28
Interest payable and similar charges 10 - (16,992 )
(LOSS)/PROFIT BEFORE TAXATION (923,240 ) 257,956
Tax on (Loss)/profit 11 56,575 (61,241 )
(LOSS)/PROFIT AFTER TAXATION BEING (LOSS)/PROFIT FOR THE FINANCIAL YEAR (866,665 ) 196,715
The notes on pages 14 to 20 form part of these financial statements.
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Statement of Comprehensive Income
2024 2023
£ £
LOSS FOR THE FINANCIAL YEAR (866,665 ) 196,715
OTHER COMPREHENSIVE INCOME FOR THE YEAR - -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR (866,665 ) 196,715
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Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 12 830,483 837,807
Investments 13 250,052 250,052
1,080,535 1,087,859
CURRENT ASSETS
Stocks 14 253,006 273,049
Debtors 15 3,496,428 3,288,357
Cash at bank and in hand 410,232 692,836
4,159,666 4,254,242
Creditors: Amounts Falling Due Within One Year 16 (4,701,715 ) (3,936,980 )
NET CURRENT ASSETS (LIABILITIES) (542,049 ) 317,262
TOTAL ASSETS LESS CURRENT LIABILITIES 538,486 1,405,121
Creditors: Amounts Falling Due After More Than One Year 17 (8,777 ) (10,326 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 18 (175,873 ) (174,294 )
NET ASSETS 353,836 1,220,501
CAPITAL AND RESERVES
Called up share capital 20 25,000 25,000
Profit and Loss Account 328,836 1,195,501
SHAREHOLDERS' FUNDS 353,836 1,220,501
On behalf of the board
Mr N Stevenson
Director
29th May 2025
The notes on pages 14 to 20 form part of these financial statements.
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Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 December 2022 25,000 998,786 1,023,786
Profit for the year and total comprehensive income - 196,715 196,715
As at 30 November 2023 and 1 December 2023 25,000 1,195,501 1,220,501
Loss for the year and total comprehensive income - (866,665 ) (866,665)
As at 30 November 2024 25,000 328,836 353,836
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Statement of Cash Flows
2024 2023
Notes £ £
Cash flows from operating activities
Net cash (used in)/generated from operations 1 (899,162 ) 919,116
Interest paid - (16,992 )
Tax paid (58,154 ) -
Net cash (used in)/generated from operating activities (957,316 ) 902,124
Cash flows from investing activities
Purchase of tangible assets (113,594 ) (112,923 )
Interest received 49,636 28
Net cash used in investing activities (63,958 ) (112,895 )
Cash flows from financing activities
Loans from group undertakings 738,670 -
Loan repayments to group undertakings - (282,006)
Net cash generated from/(used in) financing activities 738,670 (282,006 )
(Decrease)/increase in cash and cash equivalents (282,604 ) 507,223
Cash and cash equivalents at beginning of year 2 692,836 185,613
Cash and cash equivalents at end of year 2 410,232 692,836
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Notes to the Statement of Cash Flows
1. Reconciliation of (loss)/profit for the financial year to cash (used in)/generated from operations
2024 2023
£ £
(Loss)/profit for the financial year (866,665 ) 196,715
Adjustments for:
Tax on (loss)/profit (56,575 ) 61,241
Interest expense - 16,992
Interest income (49,636 ) (28 )
Depreciation of tangible assets 120,918 115,247
Movements in working capital:
Decrease in stocks 20,043 126,671
(Increase)/decrease in trade and other debtors (149,917 ) 563,763
Increase/(decrease) in trade and other creditors 82,670 (161,485 )
Net cash (used in)/generated from operations (899,162 ) 919,116
2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:
2024 2023
£ £
Cash at bank and in hand 410,232 692,836
3. Analysis of changes in net funds
As at 1 December 2023 Cash flows As at 30 November 2024
£ £ £
Cash at bank and in hand 692,836 (282,604) 410,232
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Notes to the Financial Statements
1. General Information
The Green House Sussex Ltd is a private company, limited by shares, incorporated in England and Wales. The company's registered number and registered office can be found on the Company Inforamtion page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements are presented in Sterling and are rounded to the nearest pound.
2.2. Significant judgements and estimations
The company makes certain estimates and assumptions regarding the future which are continually evaluated based on historical experience and other factors.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% on cost
Plant & Machinery 15% on reducing balance
The company makes no provision for depreciation of freehold land in accordance with generally accepted accounting principles and as permitted by the Companies Act.
It is the company's policy to capitalise plant and machinery expenditure where the original cost of an item is more than £500 and meets the criteria for recogntion as a fixed asset in accordance with accounting standards.
2.5. Investments
Investments in associate undertakings are recognised at cost.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.7. Financial Instruments
Financial instruments are measured at transaction price, adjusted for transaction costs and are not measured at fair value. The company assesses any evidence of impairment at the end of each reporting period.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.9. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Greenhouse Sussex Ltd's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for theyear ended 30th November 2023], except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.10. Grants
Funding obtained for the acquisition of tangible fixed assets are recognised as liabilities and released to the profit and loss account on the same basis as depreciation on the assets to which the funding relates is charged.
3. Other Operating Income
2024 2023
£ £
Rental income 69,536 32,329
Other operating income 140,512 1,658,282
210,048 1,690,611
4. Operating (Loss)/profit
The operating (loss)/profit is stated after charging:
2024 2023
£ £
Depreciation of tangible fixed assets 120,918 115,247
5. Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:
2024 2023
£ £
Audit Services
Audit of the company's financial statements 6,500 6,500
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6. Staff Costs
Staff costs, including directors' remuneration, were as follows:
2024 2023
£ £
Wages and salaries 3,010,449 3,170,643
Social security costs 289,387 309,650
Other pension costs 69,298 71,963
3,369,134 3,552,256
7. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Directors 2 2
Management 7 7
Direct labour 96 105
105 114
8. Directors' remuneration
2024 2023
£ £
Emoluments 100,266 90,029
The number of directors to whom retirement benefits were accruing was as follows:
2024 2023
Money purchase pension schemes 2 2
9. Interest Receivable and Similar Income
2024 2023
£ £
Bank interest receivable 49,636 28
10. Interest Payable and Similar Charges
2024 2023
£ £
Interest payable to group undertakings - 16,992
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11. Tax on Profit
The tax (credit)/charge on the (loss)/profit for the year was as follows:
Tax Rate 2024 2023
2024 2023 £ £
Current tax
UK Corporation Tax 25.0% 25.0% (58,154 ) 58,154
Deferred Tax
Origination and reversal of timing differences 1,579 3,087
Total tax charge for the period (56,575 ) 61,241
The actual (credit)/charge for the year can be reconciled to the expected (credit)/charge for the year based on the (loss)/profit and the standard rate of corporation tax as follows:
2024 2023
£ £
Profit before tax (923,240) 257,956
Tax on profit at 25% (UK standard rate) (230,810 ) 64,489
Goodwill/depreciation not allowed for tax 2,301 -
Capital allowances - 2,378
Difference in tax rates 5,027 (5,133 )
Revenue exempt from taxation (456 ) (493 )
Group relief 105,206 -
Tax losses for which no deferred tax was recognised 62,157 -
Total tax charge for the period (56,575) 61,241
12. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 December 2023 193,414 3,914,542 4,107,956
Additions - 113,594 113,594
As at 30 November 2024 193,414 4,028,136 4,221,550
Depreciation
As at 1 December 2023 78,998 3,191,151 3,270,149
Provided during the period 8,968 111,950 120,918
As at 30 November 2024 87,966 3,303,101 3,391,067
Net Book Value
As at 30 November 2024 105,448 725,035 830,483
As at 1 December 2023 114,416 723,391 837,807
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13. Investments
Unlisted Other Total
£ £ £
Cost
As at 1 December 2023 52 250,000 250,052
As at 30 November 2024 52 250,000 250,052
Provision
As at 1 December 2023 - - -
As at 30 November 2024 - - -
Net Book Value
As at 30 November 2024 52 250,000 250,052
As at 1 December 2023 52 250,000 250,052
14. Stocks
2024 2023
£ £
Raw materials and consumables 253,006 273,049
15. Debtors
2024 2023
£ £
Due within one year
Trade debtors 369,742 221,427
Amounts owed by group undertakings 3,009,259 3,009,258
Other debtors 117,427 57,672
3,496,428 3,288,357
16. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 227,384 284,425
Amounts owed to group undertakings 3,917,352 3,178,682
Other creditors 124,079 8,789
Corporation tax - 58,154
Taxation and social security 74,548 66,502
Accruals and deferred income 358,352 340,428
4,701,715 3,936,980
17. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Accruals and deferred income 8,777 10,326
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18. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Accelerated capital allowances 175,873 174,294
19. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 December 2023 174,294 174,294
Origination and reversal of timing differences 1,579 1,579
Balance at 30 November 2024 175,873 175,873
20. Share Capital
2024 2023
Allotted, called up and fully paid £ £
500,000 Ordinary Shares of £ 0.05 each 25,000 25,000
21. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 1,473,566 -
Later than one year and not later than five years - 1,734,302
1,473,566 1,734,302
22. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
During the year the charge to profit or loss in respect of defined contribution schemes was £69,298 (2023: £71,963).
23. Controlling Parties
The company's immediate parent undertaking is The Green House Sussex Holdings Limited .
The ultimate parent undertaking and that of the smallest and largest group for which group accounts are drawn up of which the company is a member is Pollards Nurseries Limited (incorporated in England & Wales). Its registered office is 76 Aldwick Road, Bognor Regis, West Sussex, PO21 2PE. .
Copies of the group accounts may be obtained from the company's registered office.
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