REGISTERED NUMBER: 04652319 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RED ROOFS NURSERY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Durnford

K P Durnford

A P Durnford

Mrs J Durnford

REGISTERED OFFICE:

Northmoor Lane

Cottingham

East Yorkshire

HU16 4JN

REGISTERED NUMBER:

04652319 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

5,023,236

4,558,492

Investments

6

100

100

Investment property

7

175,692

175,692

5,199,028

4,734,284

CURRENT ASSETS

Stocks

167,338

151,895

Debtors

8

296,601

545,445

Cash at bank

186,939

724,542

650,878

1,421,882

CREDITORS

Amounts falling due within one year

9

849,495

881,637

NET CURRENT (LIABILITIES)/ASSETS

(198,617

)

540,245

TOTAL ASSETS LESS CURRENT LIABILITIES

5,000,411

5,274,529

CREDITORS

Amounts falling due after more than one year

10

(523,469

)

(925,426

)

PROVISIONS FOR LIABILITIES

(1,066,228

)

(913,396

)

NET ASSETS

3,410,714

3,435,707

CAPITAL AND RESERVES

Called up share capital

6,000

6,000

Retained earnings

3,404,714

3,429,707

SHAREHOLDERS' FUNDS

3,410,714

3,435,707

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 22 September 2025 and were signed on its behalf by:

C J Durnford - Director

1.	STATUTORY INFORMATION

Red Roofs Nurseries Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Northmoor Lane, Cottingham, East Yorkshire, HU16 4JN.

The principal activity of the company is market gardening.

The presentational currency of the financial statements is Pound Sterling (£).

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty 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.

Land and buildings

-

5% on cost

Plant and machinery etc

-

20% on cost and 10% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

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

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 39 (2023 - 42 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

75,000

AMORTISATION

At 1 January 2024

and 31 December 2024

75,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

90,568

7,447,374

7,537,942

Additions

-

865,117

865,117

Reclassification/transfer

-

14,912

14,912

At 31 December 2024

90,568

8,327,403

8,417,971

DEPRECIATION

At 1 January 2024

-

2,979,450

2,979,450

Charge for year

-

400,373

400,373

Reclassification/transfer

-

14,912

14,912

At 31 December 2024

-

3,394,735

3,394,735

NET BOOK VALUE

At 31 December 2024

90,568

4,932,668

5,023,236

At 31 December 2023

90,568

4,467,924

4,558,492

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2024

2023

£

£

Investments

100

100

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

175,692

NET BOOK VALUE

At 31 December 2024

175,692

At 31 December 2023

175,692

The directors are of the opinion that the investment properties are stated at a fair market value

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

82,647

170,727

Other debtors

213,954

374,718

296,601

545,445

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

412,779

412,220

Trade creditors

160,953

87,513

Taxation and social security

22,875

136,317

Other creditors

252,888

245,587

849,495

881,637

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

523,469

925,426

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

54,814

-

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

935,696

1,337,646

12.	RELATED PARTY DISCLOSURES

The company was under the control of the Durnford family throughout the current and previous years.