REGISTERED NUMBER: SC255996 (Scotland)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Rosebank Garden Centre Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

J T Forrest

Mrs H Forrest

C J G Forrest

Mrs S Forrest

SECRETARY:

Mrs H Forrest

REGISTERED OFFICE:

29 Brandon Street

Hamilton

South Lanarkshire

ML3 6DA

REGISTERED NUMBER:

SC255996 (Scotland)

ACCOUNTANTS:

Sharles Ltd

Chartered Accountants

29 Brandon Street

Hamilton

ML3 6DA

FIXED ASSETS

Tangible assets

5

1,365,958

1,399,418

CURRENT ASSETS

Stocks

350,541

357,913

Debtors

6

557,149

19,473

Cash at bank and in hand

808,479

917,061

1,716,169

1,294,447

CREDITORS

Amounts falling due within one year

7

1,198,862

1,002,487

NET CURRENT ASSETS

517,307

291,960

TOTAL ASSETS LESS CURRENT LIABILITIES

1,883,265

1,691,378

CREDITORS

Amounts falling due after more than one year

8

(863,244

)

(867,745

)

PROVISIONS FOR LIABILITIES

(53,216

)

(68,834

)

NET ASSETS

966,805

754,799

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

966,705

754,699

SHAREHOLDERS' FUNDS

966,805

754,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 8 September 2025 and were signed on its behalf by:

C J G Forrest - Director

1.	STATUTORY INFORMATION

Rosebank Garden Centre Ltd. is a private company, limited by shares , registered in Scotland. 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.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is derived from the company's principal activity of a garden centre and coffee shop.

Turnover is measured at the fair value of products and services supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Buildings

-

Over the period of lease

Plant and machinery etc

-

25% on cost

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to the income statement as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amounts of stocks recognised as an expense in the period in which the reversal occurs.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation in each period.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 69 (2024 - 69 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

Buildings

etc

Totals

£

£

£

COST

At 1 February 2024

1,492,830

770,990

2,263,820

Additions

110,877

20,134

131,011

At 31 January 2025

1,603,707

791,124

2,394,831

DEPRECIATION

At 1 February 2024

376,188

488,214

864,402

Charge for year

76,946

87,525

164,471

At 31 January 2025

453,134

575,739

1,028,873

NET BOOK VALUE

At 31 January 2025

1,150,573

215,385

1,365,958

At 31 January 2024

1,116,642

282,776

1,399,418

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 February 2024

253,592

Transfer to ownership

(62,995

)

At 31 January 2025

190,597

DEPRECIATION

At 1 February 2024

86,425

Charge for year

32,647

Transfer to ownership

(62,995

)

At 31 January 2025

56,077

NET BOOK VALUE

At 31 January 2025

134,520

At 31 January 2024

167,167

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

8,996

12,480

Other debtors

548,153

6,993

557,149

19,473

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

180,891

188,378

Hire purchase contracts

42,675

49,809

Trade creditors

516,515

358,459

Taxation and social security

437,262

377,176

Other creditors

21,519

28,665

1,198,862

1,002,487

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

841,662

803,488

Hire purchase contracts

21,582

64,257

863,244

867,745

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

118,097

49,979

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,022,553

991,866

Hire purchase contracts

64,257

114,066

1,086,810

1,105,932

The Royal Bank of Scotland holds a standard security over the property, The Shieling, Rosebank, and a floating charge over the assets of the company.

The hire purchase contracts are secured against the fixed assets of which they relate.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

J T Forrest and Mrs H Forrest

Balance outstanding at start of year

(495

)

2,276

Amounts advanced

503,399

222,229

Amounts repaid

(300,000

)

(225,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

202,904

(495

)

This loan is unsecured, interest free and has no fixed repayment terms.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rosebank Garden Centre Ltd. for the year ended 31 January 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Rosebank Garden Centre Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rosebank Garden Centre Ltd. and state those matters that we have agreed to state to the Board of Directors of Rosebank Garden Centre Ltd., as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rosebank Garden Centre Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rosebank Garden Centre Ltd.. You consider that Rosebank Garden Centre Ltd. 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 financial statements of Rosebank Garden Centre Ltd.. 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 financial statements.

Sharles Ltd

Chartered Accountants

29 Brandon Street

Hamilton

ML3 6DA

8 September 2025