REGISTERED NUMBER: 15986653 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

30 SEPTEMBER 2024 TO 31 DECEMBER 2024

FOR

PACIFIC NURSERIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G G Ingram

Mrs C Ingram

REGISTERED OFFICE:

Woodlands Farm

Freasley

Tamworth

Staffordshire

B78 2EY

REGISTERED NUMBER:

15986653 (England and Wales)

AUDITORS:

Philip Barnes & Co Limited

Chartered Accountants

Statutory Auditors

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Intangible assets

4

96,659

Tangible assets

5

446,170

542,829

CURRENT ASSETS

Stocks

388,837

Debtors

6

33,806

422,643

CREDITORS

Amounts falling due within one year

7

1,032,890

NET CURRENT LIABILITIES

(610,247

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(67,418

)

PROVISIONS FOR LIABILITIES

12,000

NET LIABILITIES

(79,418

)

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

(79,518

)

SHAREHOLDERS' FUNDS

(79,418

)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

G G Ingram - Director

1.	STATUTORY INFORMATION

Pacific 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.

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 the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

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 2024, is being amortised evenly over its estimated useful life of five 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.

Fixtures and fittings

-

15% reducing balance

Motor vehicles

-

25% reducing balance

Stocks

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

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period end and that are expected to apply to the reversal of the timing difference.

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

The average number of employees during the period was 10 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

99,992

At 31 December 2024

99,992

AMORTISATION

Charge for period

3,333

At 31 December 2024

3,333

NET BOOK VALUE

At 31 December 2024

96,659

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

Additions

400,000

38,508

9,000

447,508

At 31 December 2024

400,000

38,508

9,000

447,508

DEPRECIATION

Charge for period

-

963

375

1,338

At 31 December 2024

-

963

375

1,338

NET BOOK VALUE

At 31 December 2024

400,000

37,545

8,625

446,170

Included in cost of land and buildings is freehold land of £ 400,000 which is not depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

2,387

Amounts owed by group undertakings

26,084

Other debtors

5,335

33,806

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

49,255

Amounts owed to group undertakings

973,506

Taxation and social security

8,129

Other creditors

2,000

1,032,890

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Humphreys FCA (Senior Statutory Auditor)

for and on behalf of Philip Barnes & Co Limited

10.	SECURITIES AND GUARANTEES

The Ingram Retailing Group companies (excluding Every Occasion Ltd) and the Planters Brookfields Group companies are party to limited corporate guarantees in favour of the National Westminster Bank in respect of the following Companies:

Ingram Retailing Ltd

- parent company

8.50m

Garden King Ltd

- fellow subsidiary

1.53m

Planters Brookfields Holdings Ltd

- associated company

5.91m

Planters Bretby Ltd

- associated company

1.30m

Planters Garden Centre Ltd

- fellow subsidiary

3.03m

Ingram Retailing Ltd and Planters Brookfields Holdings Ltd have a common controlling party.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G G Ingram.