Silverfin false false 31/12/2024 01/01/2024 31/12/2024 S C Crocker 03/12/2012 E A Crocker 03/12/2012 28 July 2025 The principal activity of the Company is that of the following:

a) an agent importing and exporting wholesale fruit and vegetables.
b) the holding of investments.
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Company No: 08316263 (England and Wales)

NIGHT GARDEN LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

NIGHT GARDEN LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

NIGHT GARDEN LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
NIGHT GARDEN LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
Directors S C Crocker
E A Crocker
Registered office Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
United Kingdom
Company number 08316263 (England and Wales)
Accountant Kreston Reeves LLP
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
NIGHT GARDEN LIMITED

BALANCE SHEET

As at 31 December 2024
NIGHT GARDEN LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 235,707 286,692
Investment property 4 134,034 0
Investments 5 714,112 610,434
1,083,853 897,126
Current assets
Debtors
- due within one year 6 249,296 162,953
- due after more than one year 6 546,239 539,219
Cash at bank and in hand 1,289,319 1,143,378
2,084,854 1,845,550
Creditors: amounts falling due within one year 7 ( 24,686) ( 22,776)
Net current assets 2,060,168 1,822,774
Total assets less current liabilities 3,144,021 2,719,900
Provision for liabilities 8 ( 40,068) ( 42,878)
Net assets 3,103,953 2,677,022
Capital and reserves
Called-up share capital 100 100
Profit and loss account 3,103,853 2,676,922
Total shareholders' funds 3,103,953 2,677,022

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 financial statements of Night Garden Limited (registered number: 08316263) were approved and authorised for issue by the Board of Directors on 28 July 2025. They were signed on its behalf by:

S C Crocker
Director
NIGHT GARDEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
NIGHT GARDEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Night Garden Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £1.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Plant and machinery 10 years straight line
Vehicles 5 years straight line
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Land and buildings Plant and machinery Vehicles Office equipment Total
£ £ £ £ £
Cost
At 01 January 2024 127,064 163,965 102,504 18,400 411,933
Additions 0 0 0 762 762
At 31 December 2024 127,064 163,965 102,504 19,162 412,695
Accumulated depreciation
At 01 January 2024 3,177 83,687 24,165 14,212 125,241
Charge for the financial year 12,706 16,396 20,501 2,144 51,747
At 31 December 2024 15,883 100,083 44,666 16,356 176,988
Net book value
At 31 December 2024 111,181 63,882 57,838 2,806 235,707
At 31 December 2023 123,887 80,278 78,339 4,188 286,692

4. Investment property

Investment property
£
Valuation
As at 01 January 2024 0
Additions 134,034
As at 31 December 2024 134,034

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 134,034 0

5. Fixed asset investments

Investments in associates Total
£ £
Cost or valuation before impairment
At 01 January 2024 610,434 610,434
Additions 103,678 103,678
At 31 December 2024 714,112 714,112
Carrying value at 31 December 2024 714,112 714,112
Carrying value at 31 December 2023 610,434 610,434

6. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Amounts owed by directors 53,874 13,871
Prepayments and accrued income 59,549 14,081
VAT recoverable 1,353 481
Other debtors 134,520 134,520
249,296 162,953
Debtors: amounts falling due after more than one year
Amounts owed by connected companies 500,000 500,000
Other debtors 46,239 39,219
546,239 539,219

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 3,750 168
Accruals 4,265 3,000
Corporation tax 13,649 16,768
Other taxation and social security 0 350
Other creditors 3,022 2,490
24,686 22,776

8. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 42,878) ( 37,256)
Credited/(charged) to the Statement of Income and Retained Earnings 2,810 ( 5,622)
At the end of financial year ( 40,068) ( 42,878)

The deferred taxation balance is made up as follows:

2024 2023
£ £
Accelerated capital allowances ( 40,068) ( 42,878)

9. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

The pension cost charge represents contributions payable by the company to the fund and amounted to £1,634 (2023 - £608). Contributions totalling £3,022 (2023 - £2,490) were payable to the fund at the balance sheet date and are included in creditors.

10. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
S C Crocker & E A Crocker 53,874 13,871

During the year the company provided an additional loan to the directors. Interest at 2.25% is being charged on the loan. The loan is repayable on demand.