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COMPANY REGISTRATION NUMBER: 04457592

NEW HOLLYBECK NURSERIES LIMITED

Filleted Unaudited Financial Statements

31 January 2025

NEW HOLLYBECK NURSERIES LIMITED

Statement of Financial Position

31 January 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Intangible assets | 5 |  | 2 | 2
Tangible assets | 6 |  | 140,704 | 161,012
Investments | 7 |  | 100 | 100
|  | --------- | ---------
|  | 140,806 | 161,114

Current assets

Stocks | 145,000 |  | 145,000
Debtors | 8 | 524,640 |  | 513,276
Cash at bank and in hand | 136,890 |  | 114,921
| --------- |  | ---------
| 806,530 |  | 773,197

Prepayments and accrued income | 755 |  | 4,765

Creditors: amounts falling due within one year | 9 | 221,048 |  | 262,542
| --------- |  | ---------
Net current assets |  | 586,237 | 515,420
|  | --------- | ---------
Total assets less current liabilities |  | 727,043 | 676,534

Creditors: amounts falling due after more than one year | 10 |  | 17,416 | 36,714

Provisions

Taxation including deferred tax |  | 24,803 | 29,482
|  | --------- | ---------
Net assets |  | 684,824 | 610,338
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 2 | 2
Profit and loss account |  | 684,822 | 610,336
|  | --------- | ---------
Shareholder funds |  | 684,824 | 610,338
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

NEW HOLLYBECK NURSERIES LIMITED

Statement of Financial Position (continued)

31 January 2025
For the year ending 31st January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 October 2025 , and are signed on behalf of the board by:

Mr C I Orme |
Director |

Company registration number: 04457592

NEW HOLLYBECK NURSERIES LIMITED

Notes to the Financial Statements

Year ended 31st January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17 Newstead Grove, NOTTINGHAM, NOTTINGHAMSHIRE, NG1 4GZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover is derived from the sale of plants and related garden products to third parties after deducting discounts and VAT. Turnover is recognised at the point at sale.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery etc | - | 25% reducing balance
| Motor Vehicles | - | 25% reducing balance

Land is not depreciated.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 40 (2024: 39 ).
5. Intangible assets

| Goodwill
| £
Cost |
At 1st February 2024 and 31st January 2025 | 2
| ----
Amortisation |
At 1st February 2024 and 31st January 2025 | –
| ----
Carrying amount |
At 31st January 2025 | 2
| ----
At 31st January 2024 | 2
| ----

6. Tangible assets

| Land and buildings | Plant and machinery | Motor vehicles | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1st February 2024 | 16,607 | 330,482 | 105,170 | 452,259
Additions | – | 15,058 | 6,000 | 21,058
| -------- | --------- | --------- | ---------
At 31st January 2025 | 16,607 | 345,540 | 111,170 | 473,317
| -------- | --------- | --------- | ---------
Depreciation |  |  |  |
At 1st February 2024 | – | 253,650 | 37,597 | 291,247
Charge for the year | – | 22,973 | 18,393 | 41,366
| -------- | --------- | --------- | ---------
At 31st January 2025 | – | 276,623 | 55,990 | 332,613
| -------- | --------- | --------- | ---------
Carrying amount |  |  |  |
At 31st January 2025 | 16,607 | 68,917 | 55,180 | 140,704
| -------- | --------- | --------- | ---------
At 31st January 2024 | 16,607 | 76,832 | 67,573 | 161,012
| -------- | --------- | --------- | ---------

Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

| Plant and machinery
| £
At 31st January 2025 | 20,171
| --------
At 31st January 2024 | 26,895
| --------

7. Investments

| Other investments other than loans
| £
Cost |
At 1st February 2024 and 31st January 2025 | 100
| ----
Impairment |
At 1st February 2024 and 31st January 2025 | –
| ----

Carrying amount |
At 31st January 2025 | 100
| ----
At 31st January 2024 | 100
| ----

The company owns 100% of the issued share capital of Hollybeck Nurseries Limited a dormant company. The above £100 represents aggregate capital and reserves of the company.
8. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 6,095 | 15,094
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 516,632 | 496,030
Other debtors | 1,913 | 2,152
| --------- | ---------
| 524,640 | 513,276
| --------- | ---------

9. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 10,648 | 10,648
Trade creditors | 102,763 | 114,042
Corporation tax | 29,509 | 28,405
Social security and other taxes | 32,977 | 35,634
Other creditors | 45,151 | 73,813
| --------- | ---------
| 221,048 | 262,542
| --------- | ---------

10. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 7,566 | 17,622
Other creditors | 9,850 | 19,092
| -------- | --------
| 17,416 | 36,714
| -------- | --------

11. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 80,000 | 80,000
Later than 1 year and not later than 5 years | 320,000 | 320,000
Later than 5 years | 722,849 | 802,849
| ------------ | ------------
| 1,122,849 | 1,202,849
| ------------ | ------------

12. Other financial commitments
The company has given a debenture comprising a fixed and floating charge over all its assets in respect of banks loans of its parent company Greycat Garden Centres Limited.
13. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:

| 2025
|  | Balance brought forward | Advances/ (credits) to the director | Balance outstanding
|  | £ | £ | £
| Mr C I Orme | ( 217) | ( 85) | ( 302)
|  | ---- | ---- | ----

| 2024
|  | Balance brought forward | Advances/ (credits) to the director | Balance outstanding
|  | £ | £ | £
| Mr C I Orme | ( 217) | – | ( 217)
|  | ---- | ---- | ----

14. Controlling party
The name of the parent undertaking is Greycat Garden Centres Limited a company registered in England and Wales .Registered Office 17 Newstead Grove, Nottingham NG1 4GZ