Company No: 05013982 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	524		4,468
		524		4,468
Current assets
Debtors	4	314,695		282,479
Cash at bank and in hand		342,533		309,041
		657,228		591,520
Creditors: amounts falling due within one year	5	( 639,839)		( 579,522)
Net current assets		17,389		11,998
Total assets less current liabilities		17,913		16,466
Net assets		17,913		16,466
Capital and reserves
Called-up share capital		100		100
Share premium account		900		900
Profit and loss account		16,913		15,466
Total shareholder's funds		17,913		16,466

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Raes Flowerseeds Limited (registered number: 05013982) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

E Raes Director

T Raes Director

13 September 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Raes Flowerseeds Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Beech House Beech Road, Little Budworth, Cheshire, CW6 9EN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

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 recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Income Statement in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	20 % reducing balance
Office equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	1		1

3. Tangible assets

	Vehicles		Office equipment		Total
	£		£		£
Cost
At 01 January 2024	20,690		2,392		23,082
Additions	0		699		699
Disposals	( 20,690)		( 2,392)		( 23,082)
At 31 December 2024	0		699		699
Accumulated depreciation
At 01 January 2024	16,395		2,219		18,614
Charge for the financial year	0		175		175
Disposals	( 16,395)		( 2,219)		( 18,614)
At 31 December 2024	0		175		175
Net book value
At 31 December 2024	0		524		524
At 31 December 2023	4,295		173		4,468

4. Debtors

	2024		2023
	£		£
Trade debtors	312,256		282,042
Prepayments	945		437
Corporation tax	1,494		0
	314,695		282,479

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	430,663		383,986
Amounts owed to Group undertakings	69,000		69,000
Corporation tax	0		1,546
Other taxation and social security	135,208		118,343
Other creditors	4,968		6,647
	639,839		579,522

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

6. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	2024		2023
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	153		153

7. Related party transactions

Other related party transactions

	2024		2023
	£		£
Amount owed to group company	69,000		69,000

At the year end the above amount was owed to a fellow subsidiary of the Group. This amount is repayable on demand with no interest being charged.