Company registration number 16041274 (England and Wales)
EVERGREEN TOP HOLDINGS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
EVERGREEN TOP HOLDINGS LIMITED
COMPANY INFORMATION
Directors
C A Marshall
D J C Cumber
Company number
16041274
Registered office
Seasons Nursery
21 Croydon Lane
Banstead
Surrey
SM7 3BW
Auditor
Beavis Morgan Audit Limited
82 St John Street
London
EC1M 4JN
EVERGREEN TOP HOLDINGS LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2
Directors' responsibilities statement
3
Independent auditor's report
4 - 6
Group profit and loss account
7
Group statement of comprehensive income
8
Group balance sheet
9
Company balance sheet
10
Group statement of changes in equity
11
Company statement of changes in equity
12
Group statement of cash flows
13
Notes to the financial statements
14 - 31
EVERGREEN TOP HOLDINGS LIMITED
STRATEGIC REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 1 -

The directors present the strategic report for the period ended 31 December 2025.

Fair review of the business

These financial statements are the first set of financial statements since incorporation of the company on 25 October 2024. On 29 October 2024, the company acquired Evergreen Exterior Services Limited in a group restructure.

The directors are pleased to present the group's results and financial position for the year ended 31 December 2025. The group reported revenue of £28.2m for the 14 month period since acquisition of the trading subsidiary. Trading conditions were positive, primarily as a result of more favourable weather conditions during the year. Gross margin was strong at 17.1%, due to stabilisation of business costs and tight control over stock purchases during the year. If market conditions remain stable and the weather conditions are clement, the directors fully expect the group to continue to trade profitably in the coming years. The group has cash reserves of £3.4m which provides the group with adequate funds with which to meet day to day spending requirements, as well as to make capital investments where it sees fit.

Principal risks and uncertainties

The main exposures to risk are adverse weather conditions, reducing sales, and the potential loss of stock. The

predominant financial risk is the movement in foreign exchange rates with the euro. At present, any movements in

the exchange rate between the euro and sterling are absorbed in the gross margin by the group.

Financial instruments

The group’s principal financial instruments comprise bank balances, trade creditors and trade debtors. The main purpose of these instruments is to raise funds for the group’s operations. Due to the nature of the financial instruments used by the group, there is no exposure to price risk. Trade debtors are managed in respect of credit and cash flow risk policies concerning the credit offered to customers and regular monitoring of amounts outstanding for both time and credit limits. Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet financial obligations as they fall due. In respect of bank balances, liquidity risk is managed by maintaining the balance between the continuity of funding and flexibility through deposits at floating rates of interest.

Key perfomance indicators

The key financial indicators against which the directors measure the group's performance are gross margin and stock turnover. Stock turnover for the period was 13.0 days to the satisfaction of the directors, which is an encouraging figure in an industry where stock is often perishable. The gross profit margin was 17.1%.

Future developments

The directors anticipate that the business environment will be competitive, but they are confident that the group is in a strong financial position, with identified risks being effectively managed. They believe that with a focus on appropriate diversification and a continuous review of the market and competitor activities, the group can maintain and build on its current position. In addition, significant investments are being made in social media advertising and the introduction of a new webshop to drive online growth and enhance customer engagement. While growth expectations are cautious due to the competitive landscape, the directors are confident in the group's ability to thrive and expand by strategically navigating challenges and seizing new opportunities.

On behalf of the board

C A Marshall
Director
5 June 2026
EVERGREEN TOP HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 2 -

The directors present their annual report and financial statements for the period ended 31 December 2025.

Principal activities

The principal activity of the company is that of a holding company.

The principal activity of group continued to be that of wholesalers of plants and shrubs.

Results and dividends

The results for the period are set out on page 7.

Interim dividends were approved during the year amounting to £656,000. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the period and up to the date of signature of the financial statements were as follows:

C A Marshall
D J C Cumber
Auditor

Beavis Morgan Audit Limited were appointed as auditor to the group and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Matters covered in the strategic report

The company has chosen in accordance with Companies Act 2006, s.414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of information on financial risk management objectives and policies, exposure to financial risks and future developments.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

On behalf of the board
C A Marshall
Director
5 June 2026
EVERGREEN TOP HOLDINGS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 3 -

The directors are responsible for preparing the Annual Report 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 group and company, 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 group and company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company 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 group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

EVERGREEN TOP HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF EVERGREEN TOP HOLDINGS LIMITED
- 4 -
Opinion

We have audited the financial statements of Evergreen Top Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 December 2025 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including 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 the parent company's affairs as at 31 December 2025 and of the group's profit for the period 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company 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 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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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. 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 course of 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 our audit:

- T he information given in the strategic report and the directors' r eport for the financial period for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

EVERGREEN TOP HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EVERGREEN TOP HOLDINGS LIMITED
- 5 -
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 their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which 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 directors' r esponsibilities s tatement, 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 is 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 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 parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's 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 an auditor's report 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.

Capability of the audit in detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the group.

The following laws and regulations were identified as being of significance to the group:

- Those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards, c ompany l aw, ta x and p ensions legislation.

- Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the business and therefore may have a material effect on the financial statements include environmental regulations and health and safety legislation.

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the group complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; testing the appropriateness of journal entries; and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud.

EVERGREEN TOP HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EVERGREEN TOP HOLDINGS LIMITED
- 6 -

This report is made solely to the parent 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 parent company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the parent 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 parent company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Jacob Scotland (Senior Statutory Auditor)
For and on behalf of Beavis Morgan Audit Limited
5 June 2026
Chartered Accountants
Statutory Auditor
82 St John Street
London
EC1M 4JN
EVERGREEN TOP HOLDINGS LIMITED
GROUP PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 7 -
Period
ended
31 December
2025
Notes
£
Turnover
3
28,211,509
Cost of sales
(23,373,468)
Gross profit
4,838,041
Administrative expenses
(2,769,078)
Other operating income
3
94,066
Operating profit
4
2,163,029
Interest receivable and similar income
7
81,490
Interest payable and similar expenses
8
(245,210)
Profit before taxation
1,999,309
Tax on profit
9
(649,434)
Profit for the financial period
1,349,875
Profit for the financial period is all attributable to the owners of the parent company.

The notes on pages 14 to 31 form part of these financial statements.

EVERGREEN TOP HOLDINGS LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 8 -
Period
ended
31 December
2025
£
Profit for the period
1,349,875
Other comprehensive income
-
Total comprehensive income for the period
1,349,875
Total comprehensive income for the period is all attributable to the owners of the parent company.

The notes on pages 14 to 31 form part of these financial statements.

EVERGREEN TOP HOLDINGS LIMITED
GROUP BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 9 -
2025
Notes
£
£
Fixed assets
Goodwill
11
4,328,558
Total intangible assets
4,328,558
Tangible assets
12
1,931,788
Investment property
13
952,035
7,212,381
Current assets
Stocks
16
463,596
Debtors
17
1,701,313
Cash at bank and in hand
3,436,980
5,601,889
Creditors: amounts falling due within one year
18
(4,328,941)
Net current assets
1,272,948
Total assets less current liabilities
8,485,329
Creditors: amounts falling due after more than one year
19
(2,076,697)
Provisions for liabilities
Deferred tax liability
21
464,757
(464,757)
Net assets
5,943,875
Capital and reserves
Called up share capital
23
5,148
Other reserves
24
5,244,852
Profit and loss reserves
693,875
Total equity
5,943,875

The notes on pages 14 to 31 form part of these financial statements.

The financial statements were approved by the board of directors and authorised for issue on 5 June 2026 and are signed on its behalf by:
05 June 2026
C A Marshall
Director
Company registration number 16041274 (England and Wales)
EVERGREEN TOP HOLDINGS LIMITED
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 10 -
2025
Notes
£
£
Fixed assets
Investments
14
2,942,440
Current assets
-
Creditors: amounts falling due within one year
18
(696,304)
Net current liabilities
(696,304)
Total assets less current liabilities
2,246,136
Creditors: amounts falling due after more than one year
19
(2,021,409)
Net assets
224,727
Capital and reserves
Called up share capital
23
5,148
Profit and loss reserves
219,579
Total equity
224,727

The notes on pages 14 to 31 form part of these financial statements.

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £875,579.

The financial statements were approved by the board of directors and authorised for issue on 5 June 2026 and are signed on its behalf by:
05 June 2026
C A Marshall
Director
Company registration number 16041274 (England and Wales)
EVERGREEN TOP HOLDINGS LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 11 -
Share capital
Merger reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 29 October 2024
-
-
-
-
Period ended 31 December 2025:
Profit and total comprehensive income
-
-
1,349,875
1,349,875
Issue of share capital
23
5,148
-
-
5,148
Dividends
10
-
-
(656,000)
(656,000)
Acquisition of subsidiary
24
-
5,244,852
-
5,244,852
Balance at 31 December 2025
5,148
5,244,852
693,875
5,943,875

The notes on pages 14 to 31 form part of these financial statements.

EVERGREEN TOP HOLDINGS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 12 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 29 October 2024
-
-
-
Period ended 31 December 2025:
Profit and total comprehensive income
-
875,579
875,579
Issue of share capital
23
5,148
-
5,148
Dividends
10
-
(656,000)
(656,000)
Balance at 31 December 2025
5,148
219,579
224,727

The notes on pages 14 to 31 form part of these financial statements.

EVERGREEN TOP HOLDINGS LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 13 -
2025
Notes
£
£
Cash flows from operating activities
Cash generated from operations
28
3,146,148
Interest paid
(8,053)
Income taxes paid
(343,353)
Net cash inflow from operating activities
2,794,742
Investing activities
Purchase of subsidiary, net of cash acquired
25
1,167,573
Interest received
81,490
Net cash generated from investing activities
1,249,063
Financing activities
Payment of finance leases obligations
(114,825)
Dividends paid to equity shareholders
(492,000)
Net cash used in financing activities
(606,825)
Net increase in cash and cash equivalents
3,436,980
Cash and cash equivalents at beginning of period
-
Cash and cash equivalents at end of period
3,436,980

The notes on pages 14 to 31 form part of these financial statements.

EVERGREEN TOP HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 14 -
1
Accounting policies
Company information

Evergreen Top Holdings Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is .

The group consists of Evergreen Top Holdings Limited and all of its subsidiaries.

1.1
Reporting period

The company was incorporated on 25 October 2024. These financial statements are therefore the first set prepared for the company and cover a period longer than twelve months.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures.

1.3
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

EVERGREEN TOP HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 15 -
1.4
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Evergreen Top Holdings Limited together with all entities controlled by the parent company (its subsidiaries).

All financial statements are made up to 31 December 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

1.5
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.6
Turnover

The turnover shown in the statement of comprehensive income represents the value of all goods sold during the period, less returns received, at selling price exclusive of VA T. Sales are recognised at the point at which the company has delivered goods sold to its customers and the risks and rewards attach ed to the product have therefore been transferred to the customer.

1.7
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.8
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% straight line. Land is not depreciated
Fixtures and fittings
15% reducing balance
Motor vehicles
25% reducing balance

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 recognised in the profit and loss account.

EVERGREEN TOP HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 16 -
1.9
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

Mixed use property is separated between investment property and property, plant and equipment.

1.10
Fixed asset investments

I n the parent company financial statements, investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

Where the Companies Act 2006 conditions for merger relief are met, cost is the nominal value of shares issued as part of a share for share exchange. On consolidation, differences between the fair value and nominal value of equity consideration are taken to merger reserve.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.11
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.12
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

EVERGREEN TOP HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 17 -

Stocks are valued at the weighted average cost of purchases.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.13
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

1.14
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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 group after deducting all of its liabilities.

EVERGREEN TOP HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 18 -
Basic financial liabilities

Basic financial liabilities, including trade and other creditors, accruals, obligations under finance leases and tax liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.15
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.16
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the enacted or substantively enacted tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

EVERGREEN TOP HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 19 -
1.17
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.18
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. The assets of the scheme are held separately from those of the company in an independently administered fund.

1.19
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.20
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

EVERGREEN TOP HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 20 -
2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount 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 the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Mixed use investment property

One of the investment properties is mixed use. Judgement is required in determining the portion that could be sold or leased out under a finance lease separately. It has been judged that half of the property is used in the ordinary course of business. The valuation of the property as a whole has been determined to be £650,000, with half of this value representing investment property.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Investment property valuation

Estimation is required in determining the value of the investment properties. The valuation has been arrived after consideration of property growth indices in the local area from the date of purchase up to the reporting date, as well as recent transactions for similar properties in the area. The carrying value of investment properties is detailed in note 13.

3
Turnover and other revenue
2025
£
Turnover analysed by class of business
Markey sales
2,770,170
Nursery sales
22,530,782
Christmas tree sales
2,910,557
28,211,509
2025
£
Other income
Rent receivable
94,066

The total turnover for the period has been derived from the group's principal activity wholly undertaken in the United Kingdom.

EVERGREEN TOP HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 21 -
4
Operating profit
2025
£
Operating profit for the period is stated after charging:
Exchange losses
28,329
Fees payable to the group's auditor for the audit of the group's financial statements
3,500
Depreciation of owned tangible fixed assets
144,639
Depreciation of tangible fixed assets held under finance leases
36,336
Loss on disposal of tangible fixed assets
7,528
Amortisation of intangible assets
571,696
Operating lease charges
153,056
5
Employees

The average monthly number of persons (including directors) employed by the group and company during the period was:

Group
Company
2025
2025
Number
Number
Administrative staff
2
-
Nursery staff
55
-
Directors
2
2
Total
59
2

Their aggregate remuneration comprised:

Group
Company
2025
2025
£
£
Wages and salaries
3,081,613
-
0
Social security costs
18,663
-
Pension costs
51,990
-
0
3,152,266
-
0
EVERGREEN TOP HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 22 -
6
Directors' remuneration
2025
£
Remuneration for qualifying services
232,308
Company pension contributions to defined contribution schemes
1,360
233,668

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 2.

Remuneration disclosed above includes the following amounts paid to the highest paid director:
2025
£
Remuneration for qualifying services
116,154
Company pension contributions to defined contribution schemes
680
7
Interest receivable and similar income
2025
£
Interest income
Interest on bank deposits
81,490
8
Interest payable and similar expenses
2025
£
Other interest
552
Interest on finance leases and hire purchase contracts
7,501
Notional interest on deferred consideration
237,157
Total finance costs
245,210
9
Taxation
2025
£
Current tax
UK corporation tax on profits for the current period
647,774
Deferred tax
Origination and reversal of timing differences
1,660
Total tax charge
649,434
EVERGREEN TOP HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
9
Taxation
(Continued)
- 23 -

The actual charge for the period can be reconciled to the expected charge/(credit) for the period based on the profit or loss and the standard rate of tax as follows:

2025
£
Profit before taxation
1,999,309
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00%
499,827
Tax effect of expenses that are not deductible in determining taxable profit
4,289
Depreciation on assets not qualifying for tax allowances
2,394
Amortisation on assets not qualifying for tax allowances
142,924
Taxation charge
649,434
10
Dividends
2025
Recognised as distributions to equity holders:
£
Interim declared
656,000
11
Intangible fixed assets
Group
Goodwill
£
Cost
At 29 October 2024
-
0
Additions
4,900,254
At 31 December 2025
4,900,254
Amortisation and impairment
At 29 October 2024
-
0
Amortisation charged for the period
571,696
At 31 December 2025
571,696
Carrying amount
At 31 December 2025
4,328,558
The company had no intangible fixed assets at 31 December 2025.
EVERGREEN TOP HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 24 -
12
Tangible fixed assets
Group
Freehold land and buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 29 October 2024
-
0
-
0
-
0
-
0
Additions
-
0
-
0
128,995
128,995
Business combinations
1,473,613
176,438
341,245
1,991,296
Disposals
-
0
-
0
(7,528)
(7,528)
At 31 December 2025
1,473,613
176,438
462,712
2,112,763
Depreciation and impairment
At 29 October 2024
-
0
-
0
-
0
-
0
Depreciation charged in the period
42,806
49,463
88,706
180,975
At 31 December 2025
42,806
49,463
88,706
180,975
Carrying amount
At 31 December 2025
1,430,807
126,975
374,006
1,931,788
The company had no tangible fixed assets at 31 December 2025.

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.

Group
Company
2025
2025
£
£
Motor vehicles
166,331
-
0
13
Investment property
Group
Company
2025
2025
£
£
Fair value
At 29 October 2024 and 31 December 2025
-
-
Additions through business combinations
952,035
-
At 31 December 2025
952,035
-

Investment property comprises two properties near Banstead. The fair value of the investment property has been determined with reference to property growth indices for the surrounding areas since the date of purchase as well as recent market transactions for similar properties within the area.

EVERGREEN TOP HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 25 -
14
Fixed asset investments
Group
Company
2025
2025
Notes
£
£
Investments in subsidiaries
15
-
0
2,942,440
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 29 October 2024
-
Additions
2,942,440
At 31 December 2025
2,942,440
Carrying amount
At 31 December 2025
2,942,440
15
Subsidiaries

Details of the company's subsidiaries at 31 December 2025 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Indirect
Evergreen E S Holdings Limited
Seasons Nursery, 21 Croydon Lane, Banstead, Surrey, United Kingdom, SM7 3BW
Holding company
Ordinary
100.00
-
Evergreen Exterior Services Limited
Seasons Nursery, 21 Croydon Lane, Banstead, Surrey, United Kingdom, SM7 3BW
Wholesaler of plants
Ordinary
-
100.00
16
Stocks
Group
Company
2025
2025
£
£
Goods for resale
463,596
-
0
EVERGREEN TOP HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 26 -
17
Debtors
Group
Company
2025
2025
Amounts falling due within one year:
£
£
Trade debtors
1,586,409
-
0
Other debtors
23,668
-
0
Prepayments
91,236
-
0
1,701,313
-
18
Creditors: amounts falling due within one year
Group
Company
2025
2025
Notes
£
£
Obligations under finance leases
20
43,063
-
0
Trade creditors
2,400,480
-
0
Corporation tax payable
249,417
-
0
Other taxation and social security
911,208
-
0
Dividends payable
164,000
164,000
Other creditors
532,360
532,304
Accruals
28,413
-
0
4,328,941
696,304
19
Creditors: amounts falling due after more than one year
Group
Company
2025
2025
Notes
£
£
Obligations under finance leases
20
55,288
-
0
Other creditors
2,021,409
2,021,409
2,076,697
2,021,409

Other creditors includes deferred consideration due on acquisition of the subsidiary during the year. The balance is repayable in quarterly instalments ending 1 February 2030. The balance represents the present value of future cash flows, with notional interest charged at a rate of 7.25% p.a.

EVERGREEN TOP HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 27 -
20
Finance lease obligations
Group
Company
2025
2025
£
£
Future minimum lease payments due under finance leases:
Within one year
43,063
-
0
In two to five years
55,288
-
0
98,351
-

Finance lease payments represent rentals payable by the company or group for certain items of motor vehicles. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

21
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
2025
Group
£
Accelerated capital allowances
97,878
Revaluation on business combinations
160,406
Investment property revaluations
206,473
464,757
The company has no deferred tax assets or liabilities.
Group
Company
2025
2025
Movements in the period:
£
£
At 29 October 2024
-
-
Charge to profit or loss
1,660
-
Recongised as part of business combination
463,097
-
Liability at 31 December 2025
464,757
-

The deferred tax liability expected to reverse within 12 months is £26,605 and relates to accelerated capital allowances.

EVERGREEN TOP HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 28 -
22
Retirement benefit schemes
2025
Defined contribution schemes
£
Charge to profit or loss in respect of defined contribution schemes
51,990

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund. The outstanding liability in respect of this scheme at the balance sheet date was £nil (202 4: £10,533).

23
Share capital
Group and company
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
5,148
5,148

During the year, the parent company issued 5,148 shares of £1 each in exchange for shares in Evergreen E S Holdings Limited as part of the acquisition of the subsidiary (see note 25). The shares acquired by the parent company as part of the share for share exchange had a fair value of £5,250,000.

24
Merger reserve

The merger reserve relates to the fair value of shares issued in a share for share exchange on acquisition of Evergreen E S Holdings Limited, (see note 25).

25
Acquisition of a business

On 29 October 2024 the group acquired 100 percent of the issued capital of Evergreen E S Holdings Limited.

Book Value
Adjustments
Fair Value
Net assets acquired
£
£
£
Property, plant and equipment
1,852,743
138,553
1,991,296
Investment property
952,035
-
952,035
Stock
650,000
-
650,000
Trade and other receivables
1,634,839
-
1,634,839
Cash and cash equivalents
1,788,309
-
1,788,309
Obligations under finance leases
(84,181)
-
(84,181)
Trade and other payables
(3,237,167)
-
(3,237,167)
Corporation tax recoverable
55,004
-
55,004
Deferred tax
(428,458)
(34,639)
(463,097)
Total identifiable net assets
3,183,124
103,914
3,287,038
Goodwill
4,900,254
Total consideration
8,187,292
EVERGREEN TOP HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
25
Acquisition of a business
(Continued)
- 29 -
The consideration was satisfied by:
£
Issue of shares
5,250,000
Deferred consideration
2,841,556
Legal and aquisition costs
95,736
8,187,292

Cash paid during the reporting period in relation to the acquisition consists of the legal and acquisition costs and £525,000 of deferred consideration.

Contribution by the acquired business for the reporting period included in the group statement of comprehensive income since acquisition:
£
Turnover
28,211,509
Profit after tax
2,158,728

The goodwill arising on the acquisition of the business is attributable to the future anticipated profitability and cash generation of the trading subsidiary.

26
Financial commitments, guarantees and contingent liabilities

Deferred consideration payable is secured by way of a fixed charge over the freehold property at 53a Woodmansterne Lane, Wallington. The total liability covered by this charge at 31 December 202 5 amounted to £2,975,000, with a present value recognised in the financial statements of £2,553,713. The carrying amount of assets pledged as security in the group is £531,441.

27
Operating lease commitments
Lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2025
£
£
Within one year
76,632
-
Between two and five years
19,350
-
95,982
-
EVERGREEN TOP HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
27
Operating lease commitments
(Continued)
- 30 -
Lessor

At the reporting end date the group had contracted with tenants for the following minimum lease payments:

Group
Company
2025
2025
£
£
Within one year
19,000
-
28
Cash generated from group operations
2025
£
Profit after taxation
1,349,875
Adjustments for:
Taxation charged
649,434
Finance costs
245,210
Investment income
(81,490)
Loss on disposal of tangible fixed assets
7,528
Amortisation and impairment of intangible assets
571,696
Depreciation and impairment of tangible fixed assets
180,975
Movements in working capital:
Decrease in stocks
186,404
Increase in debtors
(66,474)
Increase in creditors
102,990
Cash generated from operations
3,146,148
EVERGREEN TOP HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 31 -
29
Analysis of changes in net funds - group
29 October 2024
Acquisition of subsidiary
Notional interest
Cash flows
New finance leases
31 December 2025
£
£
£
£
£
£
Cash at bank and in hand
-
-
-
3,436,980
-
3,436,980
Deferred consideration
-
(2,841,556)
(237,157)
525,000
-
(2,553,713)
Obligations under finance leases
-
(84,181)
-
114,825
(128,995)
(98,351)
-
(2,925,737)
(237,157)
4,076,805
(128,995)
784,916
2025-12-31 2024-10-29 false false CCH Software CCH Accounts Production 2026.100 C A Marshall D J C Cumber false 16041274 bus:Consolidated 2024-10-29 2025-12-31 16041274 2024-10-29 2025-12-31 16041274 bus:Director1 2024-10-29 2025-12-31 16041274 bus:Director2 2024-10-29 2025-12-31 16041274 bus:RegisteredOffice 2024-10-29 2025-12-31 16041274 2025-12-31 16041274 bus:Consolidated 2025-12-31 16041274 core:Goodwill bus:Consolidated 2025-12-31 16041274 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2025-12-31 16041274 core:FurnitureFittings bus:Consolidated 2025-12-31 16041274 core:MotorVehicles bus:Consolidated 2025-12-31 16041274 core:CurrentFinancialInstruments core:WithinOneYear bus:Consolidated 2025-12-31 16041274 core:Non-currentFinancialInstruments core:AfterOneYear bus:Consolidated 2025-12-31 16041274 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 16041274 core:Non-currentFinancialInstruments core:AfterOneYear 2025-12-31 16041274 core:ShareCapital bus:Consolidated 2025-12-31 16041274 core:OtherMiscellaneousReserve bus:Consolidated 2025-12-31 16041274 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2025-12-31 16041274 core:ShareCapital 2025-12-31 16041274 core:RetainedEarningsAccumulatedLosses 2025-12-31 16041274 core:ShareCapital bus:Consolidated 2024-10-29 2025-12-31 16041274 core:ShareCapital 2024-10-29 2025-12-31 16041274 core:Goodwill 2024-10-29 2025-12-31 16041274 core:LandBuildings core:OwnedOrFreeholdAssets 2024-10-29 2025-12-31 16041274 core:FurnitureFittings 2024-10-29 2025-12-31 16041274 core:MotorVehicles 2024-10-29 2025-12-31 16041274 core:UKTax bus:Consolidated 2024-10-29 2025-12-31 16041274 bus:Consolidated 1 2024-10-29 2025-12-31 16041274 core:Goodwill bus:Consolidated 2024-10-28 16041274 core:Goodwill core:ExternallyAcquiredIntangibleAssets bus:Consolidated 2024-10-29 2025-12-31 16041274 core:Goodwill bus:Consolidated 2024-10-29 2025-12-31 16041274 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2024-10-28 16041274 core:FurnitureFittings bus:Consolidated 2024-10-28 16041274 core:MotorVehicles bus:Consolidated 2024-10-28 16041274 bus:Consolidated 2024-10-28 16041274 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2024-10-29 2025-12-31 16041274 core:FurnitureFittings bus:Consolidated 2024-10-29 2025-12-31 16041274 core:MotorVehicles bus:Consolidated 2024-10-29 2025-12-31 16041274 core:MotorVehicles 2025-12-31 16041274 core:Subsidiary1 2024-10-29 2025-12-31 16041274 core:Subsidiary2 2024-10-29 2025-12-31 16041274 core:Subsidiary1 1 2024-10-29 2025-12-31 16041274 core:Subsidiary2 2 2024-10-29 2025-12-31 16041274 2 2024-10-29 2025-12-31 16041274 core:CurrentFinancialInstruments bus:Consolidated 2025-12-31 16041274 core:CurrentFinancialInstruments 2025-12-31 16041274 core:CurrentFinancialInstruments bus:Consolidated 1 2025-12-31 16041274 core:CurrentFinancialInstruments 2 2025-12-31 16041274 core:Non-currentFinancialInstruments bus:Consolidated 2025-12-31 16041274 core:Non-currentFinancialInstruments 2025-12-31 16041274 core:Non-currentFinancialInstruments core:AfterOneYear bus:Consolidated 1 2025-12-31 16041274 core:Non-currentFinancialInstruments core:AfterOneYear 2 2025-12-31 16041274 core:WithinOneYear bus:Consolidated 2025-12-31 16041274 core:WithinOneYear 2025-12-31 16041274 core:BetweenTwoFiveYears bus:Consolidated 2025-12-31 16041274 core:BetweenTwoFiveYears 2025-12-31 16041274 bus:PrivateLimitedCompanyLtd 2024-10-29 2025-12-31 16041274 bus:FRS102 2024-10-29 2025-12-31 16041274 bus:Audited 2024-10-29 2025-12-31 16041274 bus:ConsolidatedGroupCompanyAccounts 2024-10-29 2025-12-31 16041274 bus:FullAccounts 2024-10-29 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP