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Registered number: NI067893
Landscaping Centre (Holdings) Limited
Unaudited
Directors' report and financial statements
For the year ended 31 December 2024
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Landscaping Centre (Holdings) Limited
Company Information
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A P Bell (appointed 27 August 2025)
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Z S Robertson (appointed 16 October 2024)
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42-46 Fountain St, Belfast
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Landscaping Centre (Holdings) Limited
Contents
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Statement of comprehensive income
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Statement of financial position
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Statement of changes in equity
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Notes to the financial statements
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Landscaping Centre (Holdings) Limited
Directors' report
For the year ended 31 December 2024
The directors present their report and the financial statements for the year ended 31 December 2024.
Directors' responsibilities statement
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The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £NIL (2023 - £17,502).
The principal activity of the company is that of an investment holding company.
The directors do not recommend a final dividend.
Audit exemption
For the year ended 31 December 2024, the company was entitled to exemption from audit under Section 480 of the Companies Act 2006 relating to dormant companies.
The directors who served during the year were:
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K B Lennard (resigned 16 October 2024)
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The company did not make any disclosable political donations in the current period.
Page 1
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Landscaping Centre (Holdings) Limited
Directors' report (continued)
For the year ended 31 December 2024
The Directors have considered the applicability of the going concern principle and consider that it is appropriate for the company to continue to prepare accounts on the going concern basis. In making this assessment, the Directors have considered in particular the period of 12 months from the date of approval of the financial statements.
Special provisions relating to small companies
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In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
Page 2
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Landscaping Centre (Holdings) Limited
Statement of comprehensive income
For the year ended 31 December 2024
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Profit for the financial year
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There was no other comprehensive income for 2024 (2023: £NIL).
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The notes on pages 6 to 8 form part of these financial statements.
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Page 3
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Landscaping Centre (Holdings) Limited
Registered number: NI067893
Statement of financial position
As at 31 December 2024
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Capital redemption reserve
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For the year ended 31 December 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
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.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 6 to 8 form part of these financial statements.
Page 4
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Landscaping Centre (Holdings) Limited
Statement of changes in equity
For the year ended 31 December 2024
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Capital redemption reserve
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Comprehensive income for the year
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Total comprehensive income for the year
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Total comprehensive income for the year
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The notes on pages 6 to 8 form part of these financial statements.
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Page 5
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Landscaping Centre (Holdings) Limited
Notes to the financial statements
For the year ended 31 December 2024
Landscaping Centre (Holdings) Limited is a company limited by shares incorporated in Northern Ireland. 181B Templepatrick Road, Ballyclare, Co. Antrim, Northern Ireland is the registered office, which is also the principal place of business of the company. The principal activity of the company is that of an investment holding company. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 Directors have considered the applicability of the going concern principle and consider that it is appropriate for the company to continue to prepare accounts on the going concern basis. In making this assessment, the Directors have considered in particular the period of 12 months from the date of signing of the financial statements.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
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 income.
Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Page 6
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Landscaping Centre (Holdings) Limited
Notes to the financial statements
For the year ended 31 December 2024
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The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
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Investments in subsidiary companies
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The following was a subsidiary undertaking of the Company:
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Landscaping Centre Limited
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181b Templepatrick Road, Ballyclare, Antrim, BT39 0RA, Northern Ireland
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The aggregate of the share capital and reserves as at 31 December 2024 and the profit or loss for the year ended on that date for the subsidiary undertaking was as follows:
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Landscaping Centre Limited
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The company's investment represents shares in its subsidiary. In May 2025, investments in Landscaping Centre Limited was transferred to idverde Holdings Limited, a subsidiary of idverde UK Limited.
In the opinion of the directors, the value to the company of the unlisted investments is not less than the book amount shown above, due to its future earnings potential.
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Page 7
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Landscaping Centre (Holdings) Limited
Notes to the financial statements
For the year ended 31 December 2024
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Creditors: Amounts falling due within one year
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Amounts owed to group companies
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Allotted, called up and fully paid
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6,000 (2023 - 6,000) Ordinary Shares shares of £1.00 each
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Other reserves at 31 December 2024 was comprised of a capital redemption reserve of £3,900 (2023: £3,900).
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At the balance sheet date, the company was a wholly owned subsidiary of idverde Holdings Limited, a company registered in England & Wales.
The smallest group of undertakings for which group accounts are drawn up is idverde UK limited, a company registered in England and Wales.
At the year end, the largest group of undertakings for which group accounts are drawn up is Armorica Topco SCA, the ultimate parent company, registered in Luxembourg and controlled by Core Equity Holdings LP.
No single individual or company owns 25% or more of the economic rights of Core Equity Holdings LP directly or indirectly. However, Mr Serge Walid Sarkis, as Senior Manager, exercises the management control of Core Equity Holdings LP through its general partner, Core Equity Holdings GP Limited.
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