Joseph Rochford Gardens Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

Joseph Rochford Gardens Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01159021 . The registered office is 1 Pipers End, Letty Green, Hertford, Hertfordshire, SG14 2PB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Significant judgements and estimations

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(a) Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below

(i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in estimated useful economic lives and residual values of the assets. The useful lives and resicual values are re-assessed annually. They are emended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See the note below for the carrying amount of the fixed assets and for the useful economic lives for each class of assets.

(ii) Stock provisioning

When calculating the stock provision, management considers the nature and condition of the stock, as well as applying assumptions around anticipated saleability of stock. See the note below for the net carrying amount of the stock and associated provision.

(iii) Impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtor, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See the note below for the net carrying amount of the debtors and associated impairment provision.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on cost
Motor Vehicles	25% on cost
Fixtures & Fittings	25% on cost

2.5. Stocks and Work in Progress

Nursery stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Farm stocks are valued on a deemed cost basis.

Page 3

Page 4

Joseph Rochford Gardens Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.6. Foreign Currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exhcange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.7. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company currently makes contributsions to staff personal pensions operated under the auto-enrolment legislation. The assets of the schemes are held separately from those of the company in independently administered funds. Contributions payable for the year are charged to the profit and loss account.

3. Average Number of Employees

	2025	2024
Directors	3	3
Nursery and administration	34	37
Farm	1	1

	38	41

Average number of employees, including directors, during the year was: 38 (2024: 41)

Page 4

Page 5

Joseph Rochford Gardens Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 October 2024	710,865	133,509	157,715	1,002,089
Additions	4,754	53,198	134,618	192,570
Disposals	(3,347 )	(32,244 )	-	(35,591 )

As at 30 September 2025	712,272	154,463	292,333	1,159,068

Depreciation
As at 1 October 2024	608,734	104,200	111,731	824,665
Provided during the period	52,902	13,970	27,113	93,985
Disposals	(3,347 )	(32,244 )	-	(35,591 )

As at 30 September 2025	658,289	85,926	138,844	883,059

Net Book Value
As at 30 September 2025	53,983	68,537	153,489	276,009

As at 1 October 2024	102,131	29,309	45,984	177,424

5. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
37,500 Ordinary A shares of £ 1.00 each	37,500	37,500
12,500 Ordinary B shares of £ 1.00 each	12,500	12,500

	50,000	50,000

There are two classes of ordinary shares. There are no restrictions on the distribution of dividends and the repayment of capital on either class.

6. Ultimate Parent Undertaking and Controlling Party

Joseph Rochford Holdings Limited is regarded by the directors as being the company's parent company. The ultimate holding and controlling party is The P & K Rochford Family Trust 2025.

Page 5

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		276,009		177,424

			276,009		177,424
CURRENT ASSETS
Stocks		630,045		837,000
Debtors		177,617		202,485
Cash at bank and in hand		518,091		342,029

		1,325,753		1,381,514
Creditors: Amounts Falling Due Within One Year		(1,015,193 )		(1,283,887 )

NET CURRENT ASSETS (LIABILITIES)			310,560		97,627

TOTAL ASSETS LESS CURRENT LIABILITIES			586,569		275,051

Creditors: Amounts Falling Due After More Than One Year			(500,000 )		-

NET ASSETS			86,569		275,051

CAPITAL AND RESERVES
Called up share capital	5		50,000		50,000
Profit and Loss Account			36,569		225,051

SHAREHOLDERS' FUNDS			86,569		275,051