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

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Garden House Enterprises Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Garden House, Buckland Monachorum, Yelverton, Devon, PL20 7LQ.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of 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 a 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. The principal accounting policies adopted are set out below.

The company has made an accounting loss in the year ended 31 January 2025 which has resulted in a net liabilities balance sheet position. Rising costs and falling visitor numbers have contributed to the result for the year. The trading performance has improved significantly since the year end, which gives the directors confidence and they therefore feel it is appropriate to continue preparing the accounts on the going concern basis.

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 adjusted for event income billed in advance as appropriate.

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

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.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

Deferred taxation would normally be recognised on timing differences that result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements. However, deferred tax assets and liabilities are not recognised as the Company has a policy to eliminate taxable profits by making Gift Aid payments and therefore no asset or liability is likely to arise.

Gift Aid

Gift Aid donations are made to the parent undertaking, The Fortescue Garden Trust. The estimate of Gift Aid payable is the lesser of the Company’s taxable profits for the period and the balance of the Company’s reserves which is available for distribution. Donations to The Fortescue Garden Trust are paid within 9 months of the Company year end.

The average monthly number of persons (including directors) employed by the company during the year was:

During the year the company entered into the following transactions with related parties:

Garden House Enterprises Limited generates income for its parent charity The Fortescue Garden Trust (FGT) by the running of a café, plant and shop sales and garden events. During the year, costs of £258,050 have been paid by the charity on behalf of the limited company and the limited company has made repayments of £246,073 to the charity. As at the balance sheet date, the amount owed to FGT was £340 (2024: balance due from FGT £12,316).

After the balance sheet date, the company made a donation to FGT of £0 (2024: £11,639). This donation was made within 9 months of the year end. Gift Aid donations are included within administrative expenses.

The company is wholly owned by The Fortescue Garden Trust, a Trust registered with the Charity Commission in England and Wales. The principal office of the Trust is located at The Garden House, Buckland Monachorum, Yelverton, Devon PL20 7LQ.