Company No: 09682096 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	A Mcgrath
	R Mcgrath

REGISTERED OFFICE	2 Maple Road
	Maple Road
	Manchester
	M23 9HJ
	United Kingdom

COMPANY NUMBER

09682096 (England and Wales)

ACCOUNTANT	S&W Partners (Manchester) Limited
	3rd Floor Northern Assurance
	Albert Square
	9/21 Princess Street
	Manchester
	M2 4DN

	Note	2025		2024
		£		£
Fixed assets
Investments	5	220,822		220,822
		220,822		220,822
Current assets
Debtors
- due within one year	6	655,873		644,990
- due after more than one year	6	1,214,489		1,289,053
Cash at bank and in hand	7	732,805		508,692
		2,603,167		2,442,735
Creditors: amounts falling due within one year	8	( 139,059)		( 135,644)
Net current assets		2,464,108		2,307,091
Total assets less current liabilities		2,684,930		2,527,913
Creditors: amounts falling due after more than one year	9	( 2,670,746)		( 2,525,095)
Net assets		14,184		2,818
Capital and reserves
Called-up share capital	10	202		202
Profit and loss account		13,982		2,616
Total shareholders' funds		14,184		2,818

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Forest House Nurseries Limited (registered number: 09682096) were approved and authorised for issue by the Board of Directors on 29 April 2026. They were signed on its behalf by:

R Mcgrath Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Forest House Nurseries Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Maple Road, Maple Road, Manchester, M23 9HJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Basis of consolidation

The financial statements contain information about Forest House Nurseries Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles

4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in subsidiary undertakings are recognised at cost.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Profit and Loss Account in administrative expenses.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Dividends on equity shares

	2025		2024
	£		£
Amounts recognised as distributions to equity holders in the financial year:
Ordinary shares of £1 each - interim	209,000		92,000

4. Tangible assets

	Vehicles		Total
	£		£
Cost
At 01 August 2024	32,205		32,205
At 31 July 2025	32,205		32,205
Accumulated depreciation
At 01 August 2024	32,205		32,205
At 31 July 2025	32,205		32,205
Net book value
At 31 July 2025	0		0
At 31 July 2024	0		0

5. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 August 2024	220,822
At 31 July 2025	220,822
Carrying value at 31 July 2025	220,822
Carrying value at 31 July 2024	220,822

6. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Trade debtors	0		2,338
Other debtors	655,873		642,652
	655,873		644,990
Debtors: amounts falling due after more than one year
Amounts owed by Group undertakings	1,214,489		1,289,053

7. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	721,693		505,384
Short-term deposits	11,112		3,308
	732,805		508,692

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	131,849		128,281
Trade creditors	7,210		7,363
	139,059		135,644

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

	2025		2024
	£		£
Bank loans (secured)	2,020,106		2,149,645
Amounts owed to Group undertakings	650,640		375,450
	2,670,746		2,525,095

Bank loans are secured as follows:

(1) an unlimited debenture dated 29 November 2016 creating a fixed charge over the assets of the company and the property owned by its subsidiaries
(2) a joint and several guarantee from the directors together with a legal charge over their property
(3) an omnibus guarantee and set off agreement between all group companies and the bank.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans (secured / repayable by instalments)	1,584,423		1,671,434

10. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
202 Ordinary shares of £ 1.00 each	202		202