REGISTERED NUMBER: 04522494 (England and Wales)

Whitacre Garden Centre Limited

Unaudited Financial Statements

for the Year Ended 31 January 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

J P Southern

R G Lloyd

H I Lloyd

SECRETARY:

S Mewies

REGISTERED OFFICE:

1 Nightingale Cottage

Tamworth Road

Nether Whitacre

Coleshill, Tamworth

Birmingham

B46 2PL

REGISTERED NUMBER:

04522494 (England and Wales)

ACCOUNTANTS:

TC Group

Sterling House

97 Lichfield Street

Tamworth

Staffordshire

B79 7QF

FIXED ASSETS

Tangible assets

4

1,138,997

817,084

Investments

5

750

-

1,139,747

817,084

CURRENT ASSETS

Stocks

674,824

669,444

Debtors

6

247,384

381,333

Cash at bank and in hand

664,902

426,015

1,587,110

1,476,792

CREDITORS

Amounts falling due within one year

7

1,078,633

728,651

NET CURRENT ASSETS

508,477

748,141

TOTAL ASSETS LESS CURRENT LIABILITIES

1,648,224

1,565,225

PROVISIONS FOR LIABILITIES

186,678

151,283

NET ASSETS

1,461,546

1,413,942

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Capital redemption reserve

46

46

Retained earnings

1,460,500

1,412,896

SHAREHOLDERS' FUNDS

1,461,546

1,413,942

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 29 October 2025 and were signed on its behalf by:

J P Southern - Director

1.	STATUTORY INFORMATION

Whitacre Garden Centre 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.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgement, estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Tangible fixed assets

Land and buildings Leasehold

40 Years Straight Line

Fixtures, fittings & equipment

10/20% Straight Line

Motor vehicles

25% Straight Line

Stocks

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

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 100 (2024 - 87 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2024

260,773

1,555,484

1,816,257

Additions

190,107

351,056

541,163

At 31 January 2025

450,880

1,906,540

2,357,420

DEPRECIATION

At 1 February 2024

51,944

947,229

999,173

Charge for year

6,651

212,599

219,250

At 31 January 2025

58,595

1,159,828

1,218,423

NET BOOK VALUE

At 31 January 2025

392,285

746,712

1,138,997

At 31 January 2024

208,829

608,255

817,084

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

750

At 31 January 2025

750

NET BOOK VALUE

At 31 January 2025

750

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

18,341

14,215

Amounts owed by group undertakings

47,762

-

Other debtors

181,281

367,118

247,384

381,333

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

826,388

385,134

Taxation and social security

154,329

189,731

Other creditors

97,916

153,786

1,078,633

728,651

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

500,000

500,000

Between one and five years

83,333

583,333

583,333

1,083,333

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

250

Ordinary

£1

250

250

750

Ordinary A

£1

750

750

1,000

1,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company repaid loans totalling £1,777 (2024 - £75,000) to the director and shareholder Mr J P Southern. The balance outstanding due to the director at 31 January 2025 was £4,160 (2024 - £5,937 ). No interest is charged and the loans are considered repayable upon demand.

11.	RELATED PARTY DISCLOSURES

During the period the company paid rent of £437,500 (2024: £411,250) to the Pointon York Self Invested Personal Pension, a scheme established for the benefit of Mr J P Southern. During the period the company paid rent of £62,500 (2024 : £58,750) to the Pointon York Self Invested Personal Pension, a scheme established for the benefit of Ms S A Mewies, wife of Mr J P Southern.

During the year the company repaid loans totalling £75,000 (2024 - £nil) to Woodside Corporate Finance Ltd, a company which Mr J P Southern is also a director and shareholder. The amount outstanding at 31 January 2025 was £nil (2024 - £75,000). No interest is charged and the loans are considered repayable upon demand.