Sarah Raven's Cutting Garden Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

1. General Information

Sarah Raven's Cutting Garden Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03890637 . The registered office is Perch Hill Farm, Brightling, Robertsbridge, East Sussex, TN32 5HP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show and true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value. The principal accounting policies adopted are set out below.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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	15% Cost
Plant & Machinery	33% Cost
Motor Vehicles	20% Cost
Fixtures & Fittings	33% Cost
Computer Equipment	33% Cost

2.4. 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. 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 year and items that are never taxable or deductible. The company'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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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Sarah Raven's Cutting Garden Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Cash at bank and hand

Cash at bank and in hand are basic financial assets and include cash on 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 current liabilities.

2.7. Financial instruments

The company has elected to apply the provisions of section 11 'Basic Financial Instruments' and section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the party becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2023: 6)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2024	222,148	193,183	59,380	203,342
Additions	-	339,372	-	-

As at 31 December 2024	222,148	532,555	59,380	203,342

Depreciation
As at 1 January 2024	207,992	69,952	59,380	172,341
Provided during the period	6,576	34,924	-	9,718

As at 31 December 2024	214,568	104,876	59,380	182,059

...CONTINUED

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Sarah Raven's Cutting Garden Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	7,580	427,679	-	21,283

As at 1 January 2024	14,156	123,231	-	31,001


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2024	40,621	718,674
Additions	-	339,372

As at 31 December 2024	40,621	1,058,046

Depreciation
As at 1 January 2024	39,116	548,781
Provided during the period	1,039	52,257

As at 31 December 2024	40,155	601,038

Net Book Value
As at 31 December 2024	466	457,008

As at 1 January 2024	1,505	169,893

5. Stocks

	2024	2023
	£	£
Materials	32,149	26,626

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	5,266	8,182
Other debtors	14,000	111,872

	19,266	120,054

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	23,488	20,941
Corporation tax	44	22,321
Other taxes and social security	1,977	3,093
VAT	25,461	25,953
Other creditors	129,840	22,173
Provision for cancelled courses	22,000	22,000
Accruals and deferred income	11,750	11,750
Director's loan account	168	-

	214,728	128,231

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Sarah Raven's Cutting Garden Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
200 Ordinary Shares of £ 1 each	200	200
10 Ordinary B shares of £ 1 each	10	10

	210	210

9. Dividends

	2024	2023
	£	£
On equity shares:
Final dividend paid	296,002	180,000

On Equity Shares

Final Dividend paid: £296,002

10. Related Party Transactions

At the balance sheet date, the director owed the company £ Nil (2022 £ Nil).

During the period, the company invoiced Sarah Raven's Kitchen & Garden Limited, a company of which Sarah Raven is a director, direct costs of £794,384 (2023: £699,563), of which £263,400 was for consultancy fees (2023: £188595) and costs incurred from Sarah Raven's Kitc4en & Garden were £23,482 (2023: £21,149).

At the balance sheet date, the company is owed by Sarah Raven's Kitchen Garden Limited £27 (2023: £27) and owes Sarah Raven's Kitchen Garden Limited £23,482 (2023: £ Nil ).

11. Ultimate Controlling Party

The company's ultimate controlling party is Dr Sarah Raven by virtue of her ownership of 95.2% of the issued share capital in the company.

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		457,008		169,893

			457,008		169,893
CURRENT ASSETS
Stocks	5	32,149		26,626
Debtors	6	19,266		120,054
Cash at bank and in hand		18,773		14,927

		70,188		161,607
Creditors: Amounts Falling Due Within One Year	7	(214,728 )		(128,231 )

NET CURRENT ASSETS (LIABILITIES)			(144,540 )		33,376

TOTAL ASSETS LESS CURRENT LIABILITIES			312,468		203,269

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,132 )		(1,132 )

NET ASSETS			311,336		202,137

CAPITAL AND RESERVES
Called up share capital	8		210		210
Income Statement			311,126		201,927

SHAREHOLDERS' FUNDS			311,336		202,137