IRIS Accounts Production v25.1.4.42 01159021 Board of Directors 1.10.23 30.9.24 30.9.24 5/6/25 false true false false true true true true true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh011590212023-09-30011590212024-09-30011590212023-10-012024-09-30011590212022-09-30011590212022-10-012023-09-30011590212023-09-3001159021ns15:EnglandWales2023-10-012024-09-3001159021ns14:PoundSterling2023-10-012024-09-3001159021ns10:Director12023-10-012024-09-3001159021ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3001159021ns10:SmallEntities2023-10-012024-09-3001159021ns10:Audited2023-10-012024-09-3001159021ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3001159021ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3001159021ns10:FullAccounts2023-10-012024-09-3001159021ns5:CurrentFinancialInstruments2024-09-3001159021ns5:CurrentFinancialInstruments2023-09-3001159021ns5:ShareCapital2024-09-3001159021ns5:ShareCapital2023-09-3001159021ns5:RetainedEarningsAccumulatedLosses2024-09-3001159021ns5:RetainedEarningsAccumulatedLosses2023-09-3001159021ns10:RegisteredOffice2023-10-012024-09-3001159021ns5:PlantMachinery2023-10-012024-09-3001159021ns5:FurnitureFittings2023-10-012024-09-3001159021ns5:MotorVehicles2023-10-012024-09-3001159021ns5:PlantMachinery2023-09-3001159021ns5:FurnitureFittings2023-09-3001159021ns5:MotorVehicles2023-09-3001159021ns5:PlantMachinery2024-09-3001159021ns5:FurnitureFittings2024-09-3001159021ns5:MotorVehicles2024-09-3001159021ns5:PlantMachinery2023-09-3001159021ns5:FurnitureFittings2023-09-3001159021ns5:MotorVehicles2023-09-3001159021ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3001159021ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30
REGISTERED NUMBER: 01159021 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Joseph Rochford Gardens Limited

Joseph Rochford Gardens Limited (Registered number: 01159021)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Joseph Rochford Gardens Limited (Registered number: 01159021)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 177,424 208,621

CURRENT ASSETS
Stocks 5 837,000 868,000
Debtors 6 202,485 175,515
Cash at bank and in hand 342,029 272,615
1,381,514 1,316,130
CREDITORS
Amounts falling due within one year 7 1,283,887 1,083,957
NET CURRENT ASSETS 97,627 232,173
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,051

440,794

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 225,051 390,794
SHAREHOLDERS' FUNDS 275,051 440,794

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 5 June 2025 and were signed on its behalf by:





J P Rochford - Director


Joseph Rochford Gardens Limited (Registered number: 01159021)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Joseph Rochford Gardens Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01159021

Registered office: 1 Pipers End
Letty Green
Hertford
Hertfordshire
SG14 2PB

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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(a) Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future.The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

(i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See the note below for the carrying amount of the fixed assets and for the useful economic lives for each class of assets.

(ii) Stock provisioning

When calculating the stock provision, management considers the nature and condition of the stock, as well as applying assumptions around anticipated saleability of stock. See the note below for the net carrying amount of the stock and associated provision.

(iii) Impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See the note below for the net carrying amount of the debtors and associated impairment provision

Turnover
Turnover represents net invoiced sales of nursery goods & farm livestock and crops, excluding value added tax.

Joseph Rochford Gardens Limited (Registered number: 01159021)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Stocks
Nursery stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Farm stocks are valued on a deemed cost basis.

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.

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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company currently makes contributions to staff personal pensions operated under the auto-enrolment legislation. The assets of the schemes are held separately from those of the company in independently administered funds. Contributions payable for the year are charged to the profit and loss account.

Joseph Rochford Gardens Limited (Registered number: 01159021)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Taxation
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively.

Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.

Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 41 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 702,250 153,222 147,064 1,002,536
Additions 8,615 4,493 33,495 46,603
Disposals - - (47,050 ) (47,050 )
At 30 September 2024 710,865 157,715 133,509 1,002,089
DEPRECIATION
At 1 October 2023 556,724 90,127 147,064 793,915
Charge for year 52,010 21,604 4,186 77,800
Eliminated on disposal - - (47,050 ) (47,050 )
At 30 September 2024 608,734 111,731 104,200 824,665
NET BOOK VALUE
At 30 September 2024 102,131 45,984 29,309 177,424
At 30 September 2023 145,526 63,095 - 208,621

5. STOCKS
2024 2023
£    £   
Growing Stock 710,000 731,000
Other Stocks 92,000 97,000
Farm stock 35,000 40,000
837,000 868,000

Joseph Rochford Gardens Limited (Registered number: 01159021)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 164,196 117,698
Other debtors 2,623 33,223
Prepayments 35,666 24,594
202,485 175,515

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 319,604 223,175
Amounts owed to group undertakings 784,968 513,199
Tax 5,844 61,676
Social security and other taxes 30,700 33,486
VAT 32,690 88,157
Other creditors 35,924 39,724
Accrued expenses 74,157 124,540
1,283,887 1,083,957

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jane Rook (Senior Statutory Auditor)
for and on behalf of George Arthur Limited

9. CONTINGENT LIABILITIES

At the balance sheet date there were no known contingent liabilities other than in the normal course of business.

10. RELATED PARTY DISCLOSURES

The company incurred management charges totalling £48,000 (2023: £48,000) from Claygate Holdings Limited whose services include strategic executive support & property related advice, and fees paid in relation to the acquisition of East End Farm, and management charges totalling £36,000 (2023: £24,000) from Chandler Locke Group whose services include property related advice. Both are controlled by Mr C M Wray. These amounts are charged at normal commercial rates.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J P Rochford.

12. CHARGES AND DEBENTURES

There are currently three charges registered at Companies House, in favour of Barclays Bank Plc, securing any monies due now or hereafter thereto, on all assets of the company.