REGISTERED NUMBER: 16057978 (England and Wales)

Unaudited Financial Statements

for the period

4 November 2024 to 31 December 2025

for

Hortico Plants Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G J Okell

T J Okell

R A Barnett

P H Thompson

REGISTERED OFFICE:

Duddon Heath

Duddon

Nr Tarporley

Cheshire

CW6 0EP

REGISTERED NUMBER:

16057978 (England and Wales)

ACCOUNTANTS:

Banks Sheridan

Datum House

Electra Way

Crewe

Cheshire

CW1 6ZF

FIXED ASSETS

Tangible assets

4

166,457

CURRENT ASSETS

Stocks

117,294

Debtors

5

88,654

Cash at bank and in hand

46,639

252,587

CREDITORS

Amounts falling due within one year

6

(501,347

)

NET CURRENT LIABILITIES

(248,760

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(82,303

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(82,403

)

(82,303

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the period 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2026 and were signed on its behalf by:

T J Okell - Director

G J Okell - Director

R A Barnett - Director

P H Thompson - Director

1.	STATUTORY INFORMATION

The principle activity of Hortico Plants Ltd is that of the sale of plants.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business is Chester Rd, Kelsall, Tarporley, CW6 0SW. The registered office is Duddon Heath, Duddon, Tarporley, Cheshire, CW6 0EP. The registered number can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation

The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going Concern

The financial statements reflect a net liabilities position at 31 December 2025. The company is a new joint venture between two long established companies and the reported accounts reflect the anticipated results expected for the first period of trade.

The directors, who are also controlling directors in the supporting companies, have agreed to continue to provide all financial support to the company as may be required for the foreseeable future.

No other material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

Based on the above, the directors considers it appropriate to prepare the financial statements on the going concern basis.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property improvement

-

10% on cost

Plant and machinery

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' current accounts and loans.

Bank loans and directors loans are initially measured at the present value of future payments, discounted at a market rate of interest and subsequently at amortised cost using the effective interest method.

Directors current balances (being those repayable on demand), trade debtors, other debtors and creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment.If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	TANGIBLE FIXED ASSETS

Plant and

Leasehold

machinery

improvements

etc

Totals

£

£

£

COST

Additions

87,685

102,989

190,674

At 31 December 2025

87,685

102,989

190,674

DEPRECIATION

Charge for period

8,769

15,448

24,217

At 31 December 2025

8,769

15,448

24,217

NET BOOK VALUE

At 31 December 2025

78,916

87,541

166,457

5.

DEBTORS

£

Amounts falling due within one year:

Trade debtors

3,488

Other debtors

58,580

62,068

Amounts falling due after more than one year:

Other debtors

26,586

Aggregate amounts

88,654

A deferred tax asset is recognised on accumulated losses carried forward net of provisions for capital allowances claimed in advance of depreciation.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

10,142

Amounts owed to joint ventures

490,205

Other creditors

1,000

501,347