IRIS Accounts Production v26.1.10.61 02616875 Board of Directors Board of Directors Board of Directors Board of Directors 1.1.25 31.12.25 31.12.25 false true false false false true false Fair value model Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02616875 2024-12-31 02616875 2025-12-31 02616875 2025-01-01 2025-12-31 02616875 2023-12-31 02616875 2024-01-01 2024-12-31 02616875 2024-12-31 02616875 ns15:EnglandWales 2025-01-01 2025-12-31 02616875 ns14:PoundSterling 2025-01-01 2025-12-31 02616875 ns10:Director1 2025-01-01 2025-12-31 02616875 ns10:Director2 2025-01-01 2025-12-31 02616875 ns10:Director3 2025-01-01 2025-12-31 02616875 ns10:Director4 2025-01-01 2025-12-31 02616875 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 02616875 ns10:SmallEntities 2025-01-01 2025-12-31 02616875 ns10:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 02616875 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 02616875 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 02616875 ns10:FullAccounts 2025-01-01 2025-12-31 02616875 1 2025-01-01 2025-12-31 02616875 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 02616875 ns10:CompanySecretary1 2025-01-01 2025-12-31 02616875 ns10:RegisteredOffice 2025-01-01 2025-12-31 02616875 ns5:CurrentFinancialInstruments 2025-12-31 02616875 ns5:CurrentFinancialInstruments 2024-12-31 02616875 ns5:Non-currentFinancialInstruments 2025-12-31 02616875 ns5:Non-currentFinancialInstruments 2024-12-31 02616875 ns5:ShareCapital 2025-12-31 02616875 ns5:ShareCapital 2024-12-31 02616875 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-12-31 02616875 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 02616875 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 02616875 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 02616875 ns5:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 02616875 ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 02616875 ns5:PlantMachinery 2025-01-01 2025-12-31 02616875 ns5:IntangibleAssetsOtherThanGoodwill 2024-12-31 02616875 ns5:IntangibleAssetsOtherThanGoodwill 2025-12-31 02616875 ns5:IntangibleAssetsOtherThanGoodwill 2024-12-31 02616875 ns5:PlantMachinery 2024-12-31 02616875 ns5:PlantMachinery 2025-12-31 02616875 ns5:PlantMachinery 2024-12-31 02616875 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-12-31 02616875 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-01-01 2025-12-31 02616875 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-12-31 02616875 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-12-31 02616875 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 02616875 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 02616875 ns10:OrdinaryShareClass1 2025-12-31

REGISTERED NUMBER: 02616875 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 December 2025 |

| for |

| Grasslands (Nurseries) Limited |

| Grasslands (Nurseries) Limited (Registered number: 02616875) |

Contents of the Financial Statements

for the year ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Grasslands (Nurseries) Limited |

Company Information

for the year ended 31 December 2025

| DIRECTORS: | S Watmore

| Mrs J Watmore

| P S Watmore

| A P Watmore

| SECRETARY: | Mrs J Watmore

| REGISTERED OFFICE: | Hawthorn House

| Free Green Lane

| Peover Superior

| Knutsford

| Cheshire

| WA16 9QY

| REGISTERED NUMBER: | 02616875 (England and Wales)

| ACCOUNTANTS: | Bennett Brooks & Co Limited

| Chartered Accountants

| St George's Court

| Winnington Avenue

| Northwich

| Cheshire

| CW8 4EE

| Grasslands (Nurseries) Limited (Registered number: 02616875) |

Balance Sheet

31 December 2025

2025 | 2024 |

| Notes | £ | £

FIXED ASSETS

Intangible assets | 4 | 8,802 |  | 3,600 |  |

Tangible assets | 5 | 1,022,430 |  | 1,056,914 |  |

Investment property | 6 | 3,820,000 |  | 3,882,850 |  |

4,851,232 |  | 4,943,364 |  |

CURRENT ASSETS

Stocks | 789,397 |  | 826,767 |  |

Debtors | 7 | 50,147 |  | 8,947 |  |

Cash at bank | 952,876 |  | 306,690 |  |

1,792,420 |  | 1,142,404 |  |

CREDITORS

Amounts falling due within one year | 8 | (1,112,938 | ) | (1,140,107 | ) |

NET CURRENT ASSETS | 679,482 |  | 2,297 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,530,714 |  | 4,945,661 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (39,820 | ) | (43,955 | ) |

PROVISIONS FOR LIABILITIES | (259,238 | ) | (170,741 | ) |

NET ASSETS | 5,231,656 |  | 4,730,965 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Other reserves | 323,762 |  | 323,762 |  |

Retained earnings | 4,907,794 |  | 4,407,103 |  |

SHAREHOLDERS' FUNDS | 5,231,656 |  | 4,730,965 |  |

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.

| Grasslands (Nurseries) Limited (Registered number: 02616875) |

Balance Sheet - continued

31 December 2025

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2026 and were signed on its behalf by:

A P Watmore - Director | Mrs J Watmore - Director

P S Watmore - Director | S Watmore - Director

| Grasslands (Nurseries) Limited (Registered number: 02616875) |

Notes to the Financial Statements

for the year ended 31 December 2025

1. | STATUTORY INFORMATION

| Grasslands (Nurseries) 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 Company 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" 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.

| Preparation of consolidated financial statements

| The company has taken advantage of the exemption available to wholly owned subsidiaries under FRS 102 Section 1A not to disclose transactions with other group undertakings. Accordingly, the company has not disclosed transactions with its parent undertaking or other entities within the group.

| Turnover

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

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Development costs are being amortised evenly over their estimated useful life of five years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery etc | - | 25% on reducing balance and 20% on reducing balance

| 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 Statement of Income and Retained Earnings, 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.

| Grasslands (Nurseries) Limited (Registered number: 02616875) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Pension costs and other post-retirement benefits

| 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 38 (2024 - 34 ) .

4. | INTANGIBLE FIXED ASSETS

Other |

intangible |

assets |

| £

| COST

| At 1 January 2025 | 8,999 |  |

| Additions | 8,753 |  |

| At 31 December 2025 | 17,752 |  |

| AMORTISATION

| At 1 January 2025 | 5,399 |  |

| Charge for year | 3,551 |  |

| At 31 December 2025 | 8,950 |  |

| NET BOOK VALUE

| At 31 December 2025 | 8,802 |  |

| At 31 December 2024 | 3,600 |  |

5. | TANGIBLE FIXED ASSETS

Plant and |

machinery |

etc |

| £

| COST

| At 1 January 2025 | 2,507,383 |  |

| Additions | 231,976 |  |

| Disposals | (73,999 | ) |

| At 31 December 2025 | 2,665,360 |  |

| DEPRECIATION

| At 1 January 2025 | 1,450,469 |  |

| Charge for year | 256,869 |  |

| Eliminated on disposal | (64,408 | ) |

| At 31 December 2025 | 1,642,930 |  |

| NET BOOK VALUE

| At 31 December 2025 | 1,022,430 |  |

| At 31 December 2024 | 1,056,914 |  |

| Grasslands (Nurseries) Limited (Registered number: 02616875) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

5. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and |

machinery |

etc |

| £

| COST

| At 1 January 2025 | 126,400 |  |

| Additions | 72,680 |  |

| At 31 December 2025 | 199,080 |  |

| DEPRECIATION

| At 1 January 2025 | 25,280 |  |

| Charge for year | 34,760 |  |

| At 31 December 2025 | 60,040 |  |

| NET BOOK VALUE

| At 31 December 2025 | 139,040 |  |

| At 31 December 2024 | 101,120 |  |

6. | INVESTMENT PROPERTY

Total |

| £

| FAIR VALUE

| At 1 January 2025 | 3,882,850 |  |

| Revaluations | (62,850 | ) |

| At 31 December 2025 | 3,820,000 |  |

| NET BOOK VALUE

| At 31 December 2025 | 3,820,000 |  |

| At 31 December 2024 | 3,882,850 |  |

| Fair value at 31 December 2025 is represented by:

| £

| Valuation in 2018 | 119,001 |  |

| Valuation in 2019 | 22,722 |  |

| Valuation in 2020 | 58,329 |  |

| Valuation in 2021 | 54,663 |  |

| Valuation in 2022 | 112,030 |  |

| Valuation in 2023 | (27,925 | ) |

| Valuation in 2024 | 6,912 |  |

| Valuation in 2025 | (62,850 | ) |

| Cost | 3,537,118 |  |

3,820,000 |  |

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

2025 | 2024 |

| £ | £

| Cost | 3,537,118 |  | 3,537,118 |  |

| Investment property was valued on an open market basis on 31 December 2025 by director Paul Watmore. .

| Grasslands (Nurseries) Limited (Registered number: 02616875) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Trade debtors | 27,487 |  | 3,506 |  |

| Other debtors | 22,660 |  | 5,441 |  |

50,147 |  | 8,947 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Bank loans and overdrafts | 64,251 |  | - |  |

| Hire purchase contracts | 56,226 |  | 32,000 |  |

| Trade creditors | 190,239 |  | 46,073 |  |

| Taxation and social security | 786,189 |  | 549,863 |  |

| Other creditors | 16,033 |  | 512,171 |  |

1,112,938 |  | 1,140,107 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

| £ | £

| Hire purchase contracts | 39,820 |  | 43,955 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

value: |  | £ | £

| 100 | Ordinary | 1 | 100 |  | 100 |  |

11. | RELATED PARTY DISCLOSURES

| During the year dividends totalling £352,000 (2024: £3,152,075) were declared and paid to the immediate parent company.

12. | ULTIMATE CONTROLLING PARTY

| Grasslands (Nurseries) Limited is wholly owned by Grasslands Investments Limited. During the year ended 31 December 2025, the directors Andrew Watmore and Paul Watmore controlled the company by virtue of owning all the issued share capital in the parent company, Grasslands Holdings Limited.