REGISTERED NUMBER: 11408478 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 March 2025

for

A Green Holdings Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Consolidated Statement of Comprehensive Income

9

Consolidated Balance Sheet

10

Company Balance Sheet

11

Consolidated Statement of Changes in Equity

12

Company Statement of Changes in Equity

13

Consolidated Cash Flow Statement

14

Notes to the Consolidated Cash Flow Statement

15

Notes to the Consolidated Financial Statements

17

Directors:

A T Green

Mrs C M Green

T T Green

Registered office:

Rook Row Farm

Moorend Cross

Mathon

Malvern

Worcestershire

WR13 5PR

Registered number:

11408478 (England and Wales)

Auditors:

Harper Sheldon Limited

Midway House

Staverton Technology Park

Herrick Way, Staverton

Cheltenham

Gloucestershire

GL51 6TQ

The directors present their strategic report of the company and the group for the year ended 31 March 2025.

Review of business

The businesses two biggest challenges remain the economic climate and weather conditions. The economic climate because despite increasing costs there is resistance to food price increases by the supermarkets. Weather conditions, as they are unpredictable and have a massive effect on the timings of crop availability and crop quality.

To minimise the effect of increasing costs we have reviewed and amended working practises to improve efficiency as this helps with our largest cost, our labour bill.

Nobody can control the weather, but over the last few years we have seen more extreme weather conditions. We have had to deal with both unusually dry and unusually wet conditions over recent years. We managed to think on our feet to mitigate these conditions and still produce the crops. These experiences will only help us in future.

As you can see on the income statement on page 9 the business has grown again in terms of sales and profitability this year.

The financial performance of the group is summarised below:

31 March 2025

31 March 2024

Increase/(decrease)

Turnover

22,114,733

20,373,345

1,744,388

Net Assets

3,797,515

3,188,431

609,084

Average no. of employees

138

120

18

The summer of 2025 has been very positive with increased sales again on previous years. Part of this is because we have implemented new growing techniques to start the season earlier in the year.

On behalf of the board:

A T Green - Director

16 December 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2025.

Principal activity

The principal activity of the group in the year under review was that of holding company of companies whose main activities was that of packaging and distributing of quality vegetables to major supermarkets and various wholesale outlets.

Dividends

Interim dividends of £60,000 were declared and paid during the year. No final dividend was recommended.

Events since the end of the year

Information relating to events since the end of the year is given in the notes to the financial statements.

Directors

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

A T Green

Mrs C M Green

Other changes in directors holding office are as follows:

T T Green - appointed 24 October 2024

Mr D Thompson and Mr W D Wilkinson were appointed as directors after 31 March 2025 but prior to the date of this report.

Statement of directors' responsibilities

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

Auditors

The auditors, Harper Sheldon Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:

A T Green - Director

16 December 2025

Opinion

We have audited the financial statements of A Green Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2025 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach was as follows:

We obtained an understanding of the legal and regulatory requirements applicable to the company and considered the most significant are the Companies Act 2006 and UK Financial reporting Standards.

We obtained an understanding of how the company complies with these regulations by discussions with management.

We assessed the risk of material misstatement of the financial statements, including the risk of material missstatement due to fraud and how it might occur, by holding discussions with management.

We inquired of management as to any known instances of non-compliance or suspected non-compliance with laws and regulations.

Based on this understanding, we designed specific audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and obtaining corroborative evidence as required.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

-

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

-	Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control.

-	Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

-

Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group or the parent company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Report of the Auditors to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Report of the Auditors. However, future events or conditions may cause the group or the parent company to cease to continue as a going concern.

-	Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

-	Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express and opinion on the consolidated financial statements.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

James Harper (Senior Statutory Auditor)

for and on behalf of Harper Sheldon Limited

Midway House

Staverton Technology Park

Herrick Way, Staverton

Cheltenham

Gloucestershire

GL51 6TQ

22 December 2025

TURNOVER

3

22,114,733

20,373,345

Cost of sales

9,530,158

9,296,080

GROSS PROFIT

12,584,575

11,077,265

Administrative expenses

11,685,694

11,203,308

898,881

(126,043

)

Other operating income

115,094

437,315

OPERATING PROFIT

5

1,013,975

311,272

Income from shares in group undertakings

-

20,000

Interest receivable and similar income

9,148

11,330

9,148

31,330

1,023,123

342,602

Interest payable and similar expenses

6

79,442

61,232

PROFIT BEFORE TAXATION

943,681

281,370

Tax on profit

7

274,597

77,971

PROFIT FOR THE FINANCIAL YEAR

669,084

203,399

OTHER COMPREHENSIVE INCOME

Capital redemption reserve

85

-

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

85

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

669,169

203,399

Profit attributable to:

Owners of the parent

669,084

203,399

Total comprehensive income attributable to:

Owners of the parent

669,169

203,399

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

2,095,060

2,066,434

Investment property

12

2,103,123

2,100,000

4,198,183

4,166,434

CURRENT ASSETS

Stocks

13

1,044,795

860,773

Debtors

14

1,771,824

1,917,499

Cash at bank and in hand

882,191

486,300

3,698,810

3,264,572

CREDITORS

Amounts falling due within one year

16

2,179,245

2,572,024

NET CURRENT ASSETS

1,519,565

692,548

TOTAL ASSETS LESS CURRENT LIABILITIES

5,717,748

4,858,982

CREDITORS

Amounts falling due after more than one year

17

(1,432,421

)

(1,338,503

)

PROVISIONS FOR LIABILITIES

21

(487,812

)

(332,048

)

NET ASSETS

3,797,515

3,188,431

CAPITAL AND RESERVES

Called up share capital

22

300

385

Capital redemption reserve

23

85

-

Non distributable reserve

23

768,780

869,864

Retained earnings

23

3,028,350

2,318,182

SHAREHOLDERS' FUNDS

3,797,515

3,188,431

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

A T Green - Director

Mrs C M Green - Director

CURRENT ASSETS

Debtors

14

28,262

36,535

Investments

15

200

200

28,462

36,735

CREDITORS

Amounts falling due within one year

16

26,750

26,750

NET CURRENT ASSETS

1,712

9,985

TOTAL ASSETS LESS CURRENT LIABILITIES

1,712

9,985

CAPITAL AND RESERVES

Called up share capital

22

300

385

Capital redemption reserve

85

-

Retained earnings

1,327

9,600

SHAREHOLDERS' FUNDS

1,712

9,985

Company's profit for the financial year

51,727

75,200

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

A T Green - Director

Called up

Capital

Non

share

Retained

redemption

distributable

Total

capital

earnings

reserve

reserve

equity

£

£

£

£

£

Balance at 1 April 2023

385

2,194,783

-

869,864

3,065,032

Changes in equity

Dividends

-

(80,000

)

-

-

(80,000

)

Total comprehensive income

-

203,399

-

-

203,399

Balance at 31 March 2024

385

2,318,182

-

869,864

3,188,431

Changes in equity

Issue of share capital

(85

)

-

-

-

(85

)

Dividends

-

(60,000

)

-

-

(60,000

)

Total comprehensive income

-

770,168

85

(101,084

)

669,169

Balance at 31 March 2025

300

3,028,350

85

768,780

3,797,515

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

385

(5,600

)

-

(5,215

)

Changes in equity

Dividends

-

(60,000

)

-

(60,000

)

Total comprehensive income

-

75,200

-

75,200

Balance at 31 March 2024

385

9,600

-

9,985

Changes in equity

Issue of share capital

(85

)

-

-

(85

)

Dividends

-

(60,000

)

-

(60,000

)

Total comprehensive income

-

51,727

85

51,812

Balance at 31 March 2025

300

1,327

85

1,712

Cash flows from operating activities

Cash generated from operations

1

1,160,468

2,177,572

Interest paid

(55,430

)

(56,739

)

Interest element of hire purchase payments paid

(24,012

)

(4,493

)

Tax paid

43,923

84,275

Net cash from operating activities

1,124,949

2,200,615

Cash flows from investing activities

Purchase of tangible fixed assets

(373,499

)

(1,647,198

)

Purchase of investment property

(3,123

)

-

Sale of tangible fixed assets

12,501

102,700

Interest received

9,148

11,330

Dividends received

-

20,000

Net cash from investing activities

(354,973

)

(1,513,168

)

Cash flows from financing activities

Loan repayments in year

(43,447

)

(20,983

)

Capital repayments in year

(283,962

)

(281,957

)

Amount introduced by directors

206,463

216,819

Amount withdrawn by directors

(193,139

)

(403,234

)

Share issue

(85

)

-

Share buyback

85

-

Equity dividends paid

(60,000

)

(80,000

)

Net cash from financing activities

(374,085

)

(569,355

)

Increase in cash and cash equivalents

395,891

118,092

Cash and cash equivalents at beginning of year

2

486,300

368,208

Cash and cash equivalents at end of year

2

882,191

486,300

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

943,681

281,370

Depreciation charges

694,261

683,999

(Profit)/loss on disposal of fixed assets

(1,257

)

1,226

Finance costs

79,442

61,232

Finance income

(9,148

)

(31,330

)

1,706,979

996,497

Increase in stocks

(184,022

)

(624,427

)

Decrease in trade and other debtors

69,622

1,416,419

(Decrease)/increase in trade and other creditors

(432,111

)

389,083

Cash generated from operations

1,160,468

2,177,572

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2025

31/3/25

1/4/24

£

£

Cash and cash equivalents

882,191

486,300

Year ended 31 March 2024

31/3/24

1/4/23

£

£

Cash and cash equivalents

486,300

368,208

3.	ANALYSIS OF CHANGES IN NET DEBT

Other

non-cash

At 1/4/24

Cash flow

changes

At 31/3/25

£

£

£

£

Net cash

Cash at bank

and in hand

486,300

395,891

882,191

486,300

395,891

882,191

Debt

Finance leases

(281,957

)

283,962

(360,632

)

(358,627

)

Debts falling due

within 1 year

(43,447

)

-

-

(43,447

)

Debts falling due

after 1 year

(1,248,571

)

43,448

-

(1,205,123

)

(1,573,975

)

327,410

(360,632

)

(1,607,197

)

Total

(1,087,675

)

723,301

(360,632

)

(725,006

)

1.	STATUTORY INFORMATION

A Green Holdings 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 General Information page.

The presentation currency of the financial statements is the 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover represents the value of goods sold during the period net of VAT. Turnover is recognised when goods are physically delivered to the customer.

Uninvoiced deliveries at the year end are included in accrued income. Invoiced deliveries are included in debtors. Where customers pay in advance for goods, the amount is recorded as deferred income until the goods have been delivered.

Goodwill

Goodwill, being the amount paid for the acquisition of a business in 2013, has been fully amortised

over its useful life of 10 years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Government grants

The company received government grants in respect of assets purchased. These grants are recognised on a systematic basis over the useful economic life of the underlying asset that was acquired with the grant.

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs comprise those costs incurred by the company in bringing the stocks to the location and condition intended by management and are calculated on a first-in first-out basis. Estimated selling price less costs to complete and sell is based on the estimated selling price in an arm’s length transaction less any estimated completion or selling costs that will be expected to be incurred in the transaction.

When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised. At each balance sheet date, the directors undertake a review of its stock to establish if any stock is slow-moving or has become obsolete. Where any write-downs of stock become necessary to reduce the value from cost to estimated selling price less costs to complete and sell, such write-downs are recognised as an expense in profit or loss in the period in which the write-down or loss occurs. Where such write-downs subsequently reverse, the amount of any reversal is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.