REGISTERED NUMBER: 00621155 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ANCHOR NURSERIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Broekhuizen

S M Broekhuizen

J Broekhuizen

REGISTERED OFFICE:

Thearne Lane

Woodmansey

Beverley

East Yorkshire

HU17 0SA

REGISTERED NUMBER:

00621155 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

1,129,563

1,147,523

Investments

5

878,970

722,854

Investment property

6

855,000

855,000

2,863,533

2,725,377

CURRENT ASSETS

Stocks

86,071

82,187

Debtors

7

29,084

77,523

Cash at bank and in hand

1,270,665

996,267

1,385,820

1,155,977

CREDITORS

Amounts falling due within one year

8

434,646

434,098

NET CURRENT ASSETS

951,174

721,879

TOTAL ASSETS LESS CURRENT LIABILITIES

3,814,707

3,447,256

PROVISIONS FOR LIABILITIES

261,790

269,638

NET ASSETS

3,552,917

3,177,618

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

9

394,573

394,573

Capital redemption reserve

120,000

120,000

Retained earnings

3,037,344

2,662,045

SHAREHOLDERS' FUNDS

3,552,917

3,177,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 21 March 2025 and were signed on its behalf by:

T Broekhuizen - Director

1.	STATUTORY INFORMATION

Anchor Nurseries Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Thearne Lane, Woodmansey, Beverley, HU17 0SA.

The principal activity of the Company is market gardening.

The presentational currency of the financial statements is Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10% on cost, 5% on cost, 2% on cost and not provided

Plant and machinery etc

-

33% on reducing balance, 30% on cost, 25% on cost, 20% on cost, 15% on cost, 10% on cost, 5% on cost, 4% on cost and 2% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 years and items that are never taxable or deductible. The Company's liability for the 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 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 the tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate 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.

Pension costs and other post-retirement benefits

The company operates defined contribution pension schemes. Contributions payable for the year are charged in the profit and loss account.

Listed investments

The listed investments are valued at fair value. Any revaluation surplus or deficit during the year is taken to profit through the income statement.

Government assistance

Government subsidies are released to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

1,441,729

2,090,495

3,532,224

Additions

29,252

10,364

39,616

At 31 December 2024

1,470,981

2,100,859

3,571,840

DEPRECIATION

At 1 January 2024

867,242

1,517,459

2,384,701

Charge for year

12,115

45,461

57,576

At 31 December 2024

879,357

1,562,920

2,442,277

NET BOOK VALUE

At 31 December 2024

591,624

537,939

1,129,563

At 31 December 2023

574,487

573,036

1,147,523

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

722,854

Revaluations

156,116

At 31 December 2024

878,970

NET BOOK VALUE

At 31 December 2024

878,970

At 31 December 2023

722,854

The Fixed Asset Investment Bond was valued on an open market basis by the company's investment advisors.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

855,000

NET BOOK VALUE

At 31 December 2024

855,000

At 31 December 2023

855,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2017

52,830

Valuation in 2018

40,736

Valuation in 2020

106,902

Valuation in 2021

(13,902

)

Valuation in 2022

27,000

Cost

641,434

855,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,574

3,633

Other debtors

26,510

73,890

29,084

77,523

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

59,728

44,352

Taxation and social security

141,415

94,814

Other creditors

233,503

294,932

434,646

434,098

9.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

394,573

10.	RELATED PARTY DISCLOSURES

Included within other creditors as at 31st December 2024 is the following amount owing to the directors.

Mr & Mrs T Broekhuizen

Amount owing of £157,545 (2023: £199,513)

The loan was made on an interest free basis and is repayable on demand.

Mr J Broekhuizen

Amount owing of £24,486.

The loan was made on an interest free basis and is repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of it's directors Mr & Mrs T Broekhuizen who together control 95% of the issued ordinary share capital.