REGISTERED NUMBER: 02616875 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Grasslands (Nurseries) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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. .

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.