REGISTERED NUMBER: 04972042 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EASTFIELD GARDEN CENTRE LIMITED

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

B J Stephenson

Mrs J E Stephenson

M J Stephenson

S B Stephenson

SECRETARY:

B J Stephenson

REGISTERED OFFICE:

Wandale Farm

Woldgate

Bridlington

East Yorkshire

YO16 4XE

REGISTERED NUMBER:

04972042 (England and Wales)

ACCOUNTANTS:

Bradbury & Co

Chartered Tax Advisers and Accountants

Driffield

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 Statement of Comprehensive Income 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 Eastfield Garden Centre Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Eastfield Garden Centre Limited, 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 Eastfield Garden Centre Limited and state those matters that we have agreed to state to the Board of Directors of Eastfield Garden Centre Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

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 Eastfield Garden Centre Limited 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 Eastfield Garden Centre Limited. You consider that Eastfield Garden Centre Limited 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 Eastfield Garden Centre Limited. 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.

Bradbury & Co

Chartered Tax Advisers and Accountants

Driffield

23 September 2025

FIXED ASSETS

Intangible assets

4

19,913

24,893

Tangible assets

5

6,189,318

6,447,899

Investments

6

200

-

6,209,431

6,472,792

CURRENT ASSETS

Stocks

536,051

1,087,605

Debtors

7

1,489,619

710,646

Cash at bank

106

18,335

2,025,776

1,816,586

CREDITORS

Amounts falling due within one year

8

(1,520,998

)

(1,410,588

)

NET CURRENT ASSETS

504,778

405,998

TOTAL ASSETS LESS CURRENT LIABILITIES

6,714,209

6,878,790

CREDITORS

Amounts falling due after more than one year

9

(3,593,349

)

(3,744,006

)

PROVISIONS FOR LIABILITIES

(205,500

)

(294,300

)

NET ASSETS

2,915,360

2,840,484

CAPITAL AND RESERVES

Called up share capital

900

900

Share premium

599,200

599,200

Retained earnings

2,315,260

2,240,384

SHAREHOLDERS' FUNDS

2,915,360

2,840,484

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 23 September 2025 and were signed on its behalf by:

B J Stephenson - Director

M J Stephenson - Director

1.	STATUTORY INFORMATION

Eastfield Garden Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The principal activity of the company in the year under review was that of a garden centre.

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.

The directors have considered all factors, including in the wider economy, as part of their assessment of going concern. Although the current economic climate creates both cash flow and profitability risks for the company, the directors believe on balance that they have sufficient resources to enable trading to continue for a period of at least one year from the date of approval of the financial statements, on the basis of information currently available to them as at the point of approving these financial statements. Accordingly, these financial statements have been prepared on the going concern basis.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its remaining useful economic life of 9 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements are being amortised evenly over their estimated useful life of ten years.

Depreciation

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

Land and buildings

-

2% on reducing balance

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Freehold land is not depreciated.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are valued at the lower of cost and net estimated selling price less selling costs, after making allowance for obsolete and slow moving items.

Financial instruments

Basic financial assets including trade and other receivables, cash and bank balances are initially recognised at transaction price and subsequently measured at amortised cost.

Basic financial liabilities including trade and other payables and bank loans are initially recognised at transaction price and subsequently measured at amortised cost.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

100,000

9,793

109,793

AMORTISATION

At 1 January 2024

80,000

4,900

84,900

Charge for year

4,000

980

4,980

At 31 December 2024

84,000

5,880

89,880

NET BOOK VALUE

At 31 December 2024

16,000

3,913

19,913

At 31 December 2023

20,000

4,893

24,893

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

5,877,044

2,702,447

8,579,491

Additions

-

385,888

385,888

Disposals

-

(288,144

)

(288,144

)

Transfer to group company

-

(709,036

)

(709,036

)

At 31 December 2024

5,877,044

2,091,155

7,968,199

DEPRECIATION

At 1 January 2024

546,554

1,585,038

2,131,592

Charge for year

51,764

94,648

146,412

Eliminated on disposal

-

(123,202

)

(123,202

)

Transfer to group company

-

(375,921

)

(375,921

)

At 31 December 2024

598,318

1,180,563

1,778,881

NET BOOK VALUE

At 31 December 2024

5,278,726

910,592

6,189,318

At 31 December 2023

5,330,490

1,117,409

6,447,899

Included in cost of land and buildings is freehold land of £ 2,742,449 (2023 - £ 2,742,449 ) which is not depreciated.

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

Plant and

machinery

etc

£

COST

At 1 January 2024

462,670

Additions

374,753

Disposals

(105,000

)

Transfer to ownership

(100,300

)

At 31 December 2024

632,123

DEPRECIATION

At 1 January 2024

174,202

Charge for year

55,572

Eliminated on disposal

(40,517

)

Transfer to ownership

(55,307

)

At 31 December 2024

133,950

NET BOOK VALUE

At 31 December 2024

498,173

At 31 December 2023

288,468

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

200

At 31 December 2024

200

NET BOOK VALUE

At 31 December 2024

200

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

49,356

62,514

Amounts owed by group undertakings

370,720

480

Other debtors

1,069,543

647,652

1,489,619

710,646

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

636,625

610,489

Hire purchase contracts (see note 10)

95,581

78,368

Trade creditors

260,360

320,292

Taxation and social security

152,317

186,458

Other creditors

376,115

214,981

1,520,998

1,410,588

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

3,385,104

3,661,025

Hire purchase contracts (see note 10)

208,245

82,981

3,593,349

3,744,006

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalments

2,408,226

2,571,425

2,408,226

2,571,425

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

95,581

78,368

Between one and five years

208,245

82,981

303,826

161,349

Non-cancellable

operating leases

2024

2023

£

£

Within one year

48,673

40,537

Between one and five years

60,089

30,289

108,762

70,826

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

378,979

361,698

Bank loans

3,642,750

3,909,816

Hire purchase contracts

303,826

161,349

4,325,555

4,432,863

12.	ULTIMATE CONTROLLING PARTY