REGISTERED NUMBER: 06042931 (England and Wales)

ALDBY FIELD NURSERIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Abridged Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mr P Coulter

Mrs H L Coulter

SECRETARY:

Mrs H L Coulter

REGISTERED OFFICE:

Aldby Field Farm

Sand Hutton

York

North Yorkshire

YO41 1LG

REGISTERED NUMBER:

06042931 (England and Wales)

ACCOUNTANTS:

UHY Calvert Smith

Chartered Accountants

Heritage House

Murton Way

Osbaldwick

York

North Yorkshire

YO19 5UW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

5,203,218

5,319,800

Investment property

6

253,287

220,000

5,456,505

5,539,800

CURRENT ASSETS

Stocks

88,081

102,423

Debtors

1,098,820

559,479

Investments

5,463

5,114

Cash at bank

3,345,566

2,809,838

4,537,930

3,476,854

CREDITORS

Amounts falling due within one year

658,619

759,198

NET CURRENT ASSETS

3,879,311

2,717,656

TOTAL ASSETS LESS CURRENT LIABILITIES

9,335,816

8,257,456

PROVISIONS FOR LIABILITIES

170,768

236,291

NET ASSETS

9,165,048

8,021,165

CAPITAL AND RESERVES

Called up share capital

100

100

Non-distributable reserve

50,625

50,625

Retained earnings

9,114,323

7,970,440

SHAREHOLDERS' FUNDS

9,165,048

8,021,165

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 8 April 2025 and were signed on its behalf by:

Mr P Coulter - Director

Mrs H L Coulter - Director

1.	COMPANY INFORMATION

Aldby Field 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts receivable in respect of sales of plants and charges for the administration of goods supplied by third parties, net of sales discounts, including prompt payment discounts, and excluding value added tax. Also included in turnover are sales of crops and related income from a contract farming arrangement.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten 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.

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

Tangible fixed assets

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

Freehold land

-

not provided

Glasshouses

-

10% straight line

Improvement to property

-

10% straight line

Plant and machinery

-

at variable rates on reducing balance

Motor vehicles

-

20% on reducing balance

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.

Investment properties are included in the financial statements at an estimate of fair value, as determined by the directors. This valuation is informed by the use of professional experts and industry knowledge within the company, and is based upon rental yield and general market conditions.

Rental income from investment properties is recognised on a straight line basis over the term of the relevant lease.

Stocks

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

Stocks include biological stocks, being plants and crops in cultivation and harvested crop produce, and are valued under the cost model in accordance with section 34 of FRS 102.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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

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

Rentals paid under operating lease are charged to the profit and loss account 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.

Investments

Investments are held at cost less provision for impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 42 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

219,140

AMORTISATION

At 1 January 2024

and 31 December 2024

219,140

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

6,589,730

Additions

67,459

At 31 December 2024

6,657,189

DEPRECIATION

At 1 January 2024

1,269,930

Charge for year

184,041

At 31 December 2024

1,453,971

NET BOOK VALUE

At 31 December 2024

5,203,218

At 31 December 2023

5,319,800

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

220,000

Additions

33,287

At 31 December 2024

253,287

NET BOOK VALUE

At 31 December 2024

253,287

At 31 December 2023

220,000

The property is included at the directors' assessment of fair value at the balance sheet date.

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

9,900

7,286

Between one and five years

1,316

8,602

11,216

15,888

8.	CAPITAL COMMITMENTS

2024

2023

£

£

Contracted but not provided for in the

financial statements

32,000

-

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr P Coulter and Mrs H L Coulter

Balance outstanding at start of year

199,852

199,663

Amounts advanced

-

260,825

Amounts repaid

(199,852

)

(260,636

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

199,852

The above balance is interest free and repayable on demand.

10.	RELATED PARTY DISCLOSURES

Included within debtors is an amount due from a company controlled by the directors of £735,985 (2023 - £nil). The loan is interest free and repayable on demand.

Also included in other debtors are loans due from the children of the directors totalling £121,969 (2023 - £192,879). The loans are interest free and repayable on demand.