Greenhouse PR Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

The company is a private company, limited by share capital, incorporated in England & Wales, registered number 05055089 .

The address of the registered office is 3rd Floor, Unit 32 St Thomas Court, Thomas Lane, Bristol, BS1 6JG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The principal accounting policies applied in the preparation of these financial statements are set out below and have been consistently applied to all the years presented, unless otherwise stated.

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, other sales taxes, rebates and discounts.

When providing services turnover is usually recognised on completion of the service and for monthly engagements it is recognised by reference to stage of completion at the Balance Sheet date.

2.4. Tangible Fixed Assets and Depreciation

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Leasehold Improvements	Over the term of the lease
Long Leasehold	2% on cost
Plant & Machinery	33% straight line
Fixtures & Fittings	33% straight line
Computer Equipment	33% straight line

2.5. Foreign Currencies

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into sterling at the rates prevailing on the reporting period date.

2.6. Taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Page 3

Page 4

Greenhouse PR Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.7. Pensions

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.The company contributes to a defined contribution pension scheme.Contributions payable to the scheme are charged to the profit and loss account in the period to which they relate.

2.8. Trade Debtors and Trade Creditors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.Trade debtors are recognised initially at the transaction price.They are subsequently measured at transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.Trade creditors are recognised initially at the transaction price.These creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2.9. Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

2.10. Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

2.11. Employee Ownership Trust

Distributions to Greenhouse Employee Ownership Trust are accounted for when paid.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 56 (2025: 54)

4. Tangible Assets

	Land & Property
	Long Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 March 2025	639,506	18,778	188,691	109,677	956,652
Additions	-	-	10,673	10,051	20,724

As at 28 February 2026	639,506	18,778	199,364	119,728	977,376

Depreciation
As at 1 March 2025	285,113	18,777	182,490	92,288	578,668
Provided during the period	31,265	-	6,835	13,495	51,595

As at 28 February 2026	316,378	18,777	189,325	105,783	630,263

Net Book Value
As at 28 February 2026	323,128	1	10,039	13,945	347,113

As at 1 March 2025	354,393	1	6,201	17,389	377,984

Included within the net book value of land and buildings above is £274,551 (2024 - £280,934) in respect of long leasehold land and buildings.

Page 4

Page 5

Greenhouse PR Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	851,424	911,177
Prepayments and accrued income	369,907	153,576
Other debtors	17,437	11,258
Directors' loan accounts	2,160	-

	1,240,928	1,076,011

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	150,328	149,612
Bank loans and overdrafts	267,043	-
Corporation tax	271,941	144,816
Other taxes and social security	95,118	76,921
VAT	5,888	79,499
Other creditors	28,089	26,121
Accruals and deferred income	465,124	369,775
Directors' loan accounts	-	78

	1,283,531	846,822

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	1,066,744	-

On 5th June 2025, Triodos Bank UK Limited granted a loan to the company of £1,500,000. The loan is repayable over 60 months and the interest rate payable is 8.25%

At the Balance Sheet date £1,333,787 (2025 nil) was outstanding; £267,043 due within one year and £1,066,744 due after more than one year.

On 5 June 2025, the company granted two registered fixed and floating charges, each including a negative pledge: one in favour of Triodos Bank UK Limited, securing banking facilities and covering substantially all company assets (registered on 11 June 2025); and another in favour of Anna Rosemary Guyer and Matthew Richard Guyer as security trustees, securing obligations under a share purchase agreement, also registered on 11 June 2025.

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	2

Page 5

Page 6

Greenhouse PR Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 March 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 28 February 2026
	£	£	£	£	£
Mrs Anna Guyer	(78 )	2,238	-	-	2,160

The above loan is unsecured, interest free and repayable on demand.

10. Related Party Transactions

At the Balance Sheet date the company was owed £2,160 by Mrs A Guyer which was repaid on 31st March 2026 (2025 £78 was owed to Mrs A Guyer)

At the Balance Sheet date the company was owed £5,908 by Greenhouse Communications Holdings Limited, a company which owned 100% of the share capital of Greenhouse PR Ltd (2025 £751 and 64.52% share holding)

11. Ultimate Controlling Party

The Company is owned by Greenhouse Trustees Limited as trustee on behalf of Greenhouse Employee Ownership Trust.

Greenhouse Employee Ownership Trust is the controlling party.

12. Employee Ownership Trust

On 5th June 2025, 100% of the issued share capital of the company was acquired by GreenhouseTrustees Limited on behalf of Greenhouse Employee Ownership Trust.

During the year distributions of £366,451 were made by the company to the Trust.

The company expects to make future distributions to the Trust in accordance with the terms of the Share Purchase Agreement dated 5th June 2025.

Page 6

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		347,113		377,984

			347,113		377,984
CURRENT ASSETS
Debtors	5	1,240,928		1,076,011
Cash at bank and in hand		1,715,301		2,549,922

		2,956,229		3,625,933
Creditors: Amounts Falling Due Within One Year	6	(1,283,531 )		(846,822 )

NET CURRENT ASSETS (LIABILITIES)			1,672,698		2,779,111

TOTAL ASSETS LESS CURRENT LIABILITIES			2,019,811		3,157,095

Creditors: Amounts Falling Due After More Than One Year	7		(1,066,744 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(10,070 )		(10,826 )

NET ASSETS			942,997		3,146,269

CAPITAL AND RESERVES
Called up share capital	8		2		2
Share premium account			90,000		90,000
Other reserves			(366,451 )		-
Profit and Loss Account			1,219,446		3,056,267

SHAREHOLDERS' FUNDS			942,997		3,146,269