REGISTERED NUMBER: 01017656 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Garden Discount Centre Limited

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

456,858

511,798

Investment property

5

1,100,000

1,100,000

1,556,858

1,611,798

CURRENT ASSETS

Stocks

333,021

315,608

Debtors

863,917

671,994

Cash at bank and in hand

338,134

351,457

1,535,072

1,339,059

CREDITORS

Amounts falling due within one year

478,471

394,326

NET CURRENT ASSETS

1,056,601

944,733

TOTAL ASSETS LESS CURRENT LIABILITIES

2,613,459

2,556,531

PROVISIONS FOR LIABILITIES

226,527

239,603

NET ASSETS

2,386,932

2,316,928

CAPITAL AND RESERVES

Called up share capital

6,500

6,500

Fair value reserve

590,395

590,395

Retained earnings

1,790,037

1,720,033

SHAREHOLDERS' FUNDS

2,386,932

2,316,928

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 May 2026 and were signed on its behalf by:

Mr C Barnes - Director

1.	STATUTORY INFORMATION

Garden Discount Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01017656

Registered office:

Beccles Road

St Olaves

Gt Yarmouth

Norfolk

NR31 9AD

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

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Fixed assets

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

Leasehold property

-

2% on cost

Plant and machinery

-

25% on cost, 15% on cost and 10% on cost

Motor vehicles

-

20% on cost

Office equipment

-

25% on cost and 10% on cost

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.

Stocks

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

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 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.

Pension costs

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 31 (2024 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

1,058,958

Additions

137,865

Disposals

(127,871

)

At 31 December 2025

1,068,952

DEPRECIATION

At 1 January 2025

547,160

Charge for year

159,372

Eliminated on disposal

(94,438

)

At 31 December 2025

612,094

NET BOOK VALUE

At 31 December 2025

456,858

At 31 December 2024

511,798

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

1,100,000

NET BOOK VALUE

At 31 December 2025

1,100,000

At 31 December 2024

1,100,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2014

332,030

Valuation in 2015

34,502

Valuation in 2016

34,502

Valuation in 2021

290,000

Cost

408,966

1,100,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.12.25

31.12.24

£

£

Cost

408,966

408,966

Investment properties were valued on an open market basis on 31 December 2025 by the directors .