REGISTERED NUMBER: 04392463 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Rosedene Nurseries Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J M McCullagh

C A McCullagh

A S Haslam

S A McCullagh

T O McCullagh

J Graham

REGISTERED OFFICE:

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

REGISTERED NUMBER:

04392463 (England and Wales)

ACCOUNTANTS:

Anderson Barrowcliff Limited

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Intangible assets

4

82,308

94,067

Tangible assets

5

606,902

660,940

Investments

6

2

550,000

689,212

1,305,007

CURRENT ASSETS

Debtors

7

437,643

467,014

Cash at bank and in hand

488,421

239,819

926,064

706,833

CREDITORS

Amounts falling due within one year

8

448,809

872,202

NET CURRENT ASSETS/(LIABILITIES)

477,255

(165,369

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,166,467

1,139,638

CREDITORS

Amounts falling due after more than one year

9

(11,866

)

(47,827

)

PROVISIONS FOR LIABILITIES

11

(100,000

)

(119,708

)

ACCRUALS AND DEFERRED INCOME

12

(30,575

)

(12,427

)

NET ASSETS

1,024,026

959,676

CAPITAL AND RESERVES

Called up share capital

13

2

2

Retained earnings

1,024,024

959,674

SHAREHOLDERS' FUNDS

1,024,026

959,676

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 25 September 2025 and were signed on its behalf by:

J M McCullagh - Director

1.	STATUTORY INFORMATION

Rosedene Nurseries 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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 significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents VAT exempt fees receivable for the provision of nursery services in the period.

Goodwill

Goodwill can be split into two separate amounts as follows:

Goodwill of £150,000 being the amount paid in connection with the acquisition of a business in 2002, which was amortised evenly over its estimated useful economic life of 10 years. The amount capitalised was fully amortised by 2019, and;

Goodwill of £117,583, being the amount paid in connection with the acquisition of a business in 2022, which is being amortised evenly over its estimated useful life of 10 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.

Tangible fixed assets

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

Freehold property

-

2% on cost

Improvements to property

-

6.67% on cost and over the period of the lease

Fixtures, fittings and equipment

-

15% on cost and 10% on cost

Motor vehicles

-

25% on reducing balance and 20% on reducing balance

Computer equipment

-

33% on cost

Freehold land is not depreciated.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

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 the profit and loss account in the period to which they relate.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 165 (2023 - 146 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

267,583

AMORTISATION

At 1 January 2024

173,516

Charge for year

11,759

At 31 December 2024

185,275

NET BOOK VALUE

At 31 December 2024

82,308

At 31 December 2023

94,067

5.	TANGIBLE FIXED ASSETS

Fixtures,

Improvements

fittings

Freehold

to

and

property

property

equipment

£

£

£

COST

At 1 January 2024

347,448

276,976

186,138

Additions

-

-

26,044

Disposals

-

(18,444

)

-

At 31 December 2024

347,448

258,532

212,182

DEPRECIATION

At 1 January 2024

17,816

133,958

133,338

Charge for year

8,908

12,428

14,117

Eliminated on disposal

-

(5,675

)

-

At 31 December 2024

26,724

140,711

147,455

NET BOOK VALUE

At 31 December 2024

320,724

117,821

64,727

At 31 December 2023

329,632

143,018

52,800

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

169,675

70,418

1,050,655

Additions

-

3,402

29,446

Disposals

-

-

(18,444

)

At 31 December 2024

169,675

73,820

1,061,657

DEPRECIATION

At 1 January 2024

54,080

50,523

389,715

Charge for year

24,508

10,754

70,715

Eliminated on disposal

-

-

(5,675

)

At 31 December 2024

78,588

61,277

454,755

NET BOOK VALUE

At 31 December 2024

91,087

12,543

606,902

At 31 December 2023

115,595

19,895

660,940

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2024

550,000

Dividends received

(549,998

)

At 31 December 2024

2

NET BOOK VALUE

At 31 December 2024

2

At 31 December 2023

550,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

25,664

30,231

Amounts owed by associated companies

331,800

372,959

Other debtors

20,204

6,267

Prepayments and accrued income

59,975

57,557

437,643

467,014

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

35,950

33,085

Trade creditors

17,404

9,422

Amounts owed to group undertakings

2

550,000

Amounts owed to associated companies

-

1,296

Taxation

60,224

24,249

Social security and other taxes

30,242

27,855

Other creditors

82,878

37,819

Directors' current accounts

4,079

18,217

Accruals and deferred income

218,030

170,259

448,809

872,202

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

11,866

47,827

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

47,816

80,912

Hire purchase liabilities are secured against the assets to which they relate.

11.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred taxation

40,000

45,000

Other provisions

Provision for dilapidations

60,000

55,000

Closure provision

-

19,708

60,000

74,708

Aggregate amounts

100,000

119,708

Deferred

Other

tax

provisions

£

£

Balance at 1 January 2024

45,000

74,708

Provided during year

-

5,000

Credit to Income Statement during year

(5,000

)

(19,708

)

Balance at 31 December 2024

40,000

60,000

12.	ACCRUALS AND DEFERRED INCOME

Deferred Government Grants

The amount of deferred capital grants released to the Profit and Loss Account in the year was £5,352 (2023 - £5,200). The amount of deferred capital grant remaining to be released as at 31 December 2024 was £30,575 (2023 - £12,427).

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

14.	OTHER FINANCIAL COMMITMENTS

The total amount of financial obligations due under non-cancellable lease agreements not included within Balance Sheet liabilities at 31 December 2024 amounted to £226,968 (2023 - £259,193).