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Registration number: 04262475

The Green Tree Pharmacy Limited

Unaudited Financial Statements

31 March 2025

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The Green Tree Pharmacy Limited

Contents

Accountants' Report

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

4

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
The Green Tree Pharmacy Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Green Tree Pharmacy Limited for the year ended 31 March 2025 as set out on pages 2 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Green Tree Pharmacy Limited, as a body, in accordance with the terms of our engagement letter dated 29 September 2023. Our work has been undertaken solely to prepare for your approval the accounts of The Green Tree Pharmacy Limited and state those matters that we have agreed to state to the Board of Directors of The Green Tree Pharmacy Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Green Tree Pharmacy Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Green Tree Pharmacy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of The Green Tree Pharmacy Limited. You consider that The Green Tree Pharmacy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Green Tree Pharmacy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



Dodd & Co Limited
Chartered Accountants
Clint Mill
Cornmarket
PENRITH
CA11 7HW

28 July 2025

 

The Green Tree Pharmacy Limited

(Registration number: 04262475)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

516,106

80,286

Tangible assets

5

36,367

34,088

 

552,473

114,374

Current assets

 

Stocks

141,386

48,895

Debtors

6

152,846

85,030

Cash at bank and in hand

 

102,309

95,015

 

396,541

228,940

Creditors: Amounts falling due within one year

7

(347,493)

(87,729)

Net current assets

 

49,048

141,211

Total assets less current liabilities

 

601,521

255,585

Creditors: Amounts falling due after more than one year

7

(356,234)

-

Provisions for liabilities

(7,647)

(5,278)

Net assets

 

237,640

250,307

Capital and reserves

 

Allotted, called up and fully paid share capital

100

100

Profit and loss account

237,540

250,207

Total equity

 

237,640

250,307

 

The Green Tree Pharmacy Limited

(Registration number: 04262475)
Balance Sheet as at 31 March 2025 (continued)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 July 2025
 

.........................................

S Y Wong

Director

 

The Green Tree Pharmacy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

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

The address of its registered office is:
6-8 Market Street
KIRKBY STEPHEN
CA17 4QS

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

The Green Tree Pharmacy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property improvements

20 years over the term of the lease

Plant and machinery

25% reducing balance basis

Fixtures and fittings

15% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 years straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

The Green Tree Pharmacy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

The Green Tree Pharmacy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 15 (2024 - 9).

 

The Green Tree Pharmacy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2024

247,101

247,101

Additions

490,065

490,065

At 31 March 2025

737,166

737,166

Amortisation

At 1 April 2024

166,815

166,815

Amortisation charge

54,245

54,245

At 31 March 2025

221,060

221,060

Carrying amount

At 31 March 2025

516,106

516,106

At 31 March 2024

80,286

80,286

5

Tangible assets

Leasehold property improvements
£

Plant and machinery
 £

Fixtures and fittings
 £

Total
£

Cost or valuation

At 1 April 2024

70,210

26,409

15,300

111,919

Additions

-

6,791

2,667

9,458

At 31 March 2025

70,210

33,200

17,967

121,377

Depreciation

At 1 April 2024

46,004

16,682

15,145

77,831

Charge for the year

3,511

3,578

90

7,179

At 31 March 2025

49,515

20,260

15,235

85,010

Carrying amount

At 31 March 2025

20,695

12,940

2,732

36,367

At 31 March 2024

24,206

9,727

155

34,088

 

The Green Tree Pharmacy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6

Debtors

2025
£

2024
£

Trade debtors

122,752

62,173

Amounts owed by group undertakings and undertakings in which the company has a participating interest

10,015

10,971

Other debtors

20,079

11,886

152,846

85,030

7

Creditors

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

16,331

-

Trade creditors

 

164,508

83,937

Amounts owed to group undertakings and undertakings in which the company has a participating interest

 

146,540

-

Corporation tax liability

 

14,202

-

Other creditors

 

5,912

3,792

 

347,493

87,729

Due after one year

 

Loans and borrowings

8

356,234

-

2025
£

2024
£

After more than five years by instalments

278,820

-

278,820

-

 

The Green Tree Pharmacy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

8

Loans and borrowings

2025
£

2024
£

Current loans and borrowings

Bank borrowings

16,331

-

Current loans and borrowings includes the following liabilities, on which security has been given by the company:

2025
£

2024
£

Bank borrowings

16,331

-

Bank borrowings are secured by fixed and floating charges over the company's assets.

2025
£

2024
£

Non-current loans and borrowings

Bank borrowings

356,234

-

Non-current loans and borrowings includes the following liabilities, on which security has been given by the company:

2025
£

2024
£

Bank borrowings

356,234

-

Bank borrowings are secured by fixed and floating charges over the company's assets.

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £203,983 (2024 - £73,317). This represents the liabilities under a lease for a leasehold rental properties until 2030 and 2039.

The total amount of guarantees not included in the balance sheet is £1,811,195 (2024 - £1,886,533). Barclays Bank PLC hold fixed and floating charges in respect of the company's assets. The security relates to a cross company guarantee against bank loans obtained by H & W Pharma Limited (the parent company.)