Registered number
09516317
The Maldon Garden Centre Limited
Filleted Accounts
31 December 2025
The Maldon Garden Centre Limited
Registered number: 09516317
Balance Sheet
as at 31 December 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 296,466 257,695
Current assets
Stocks 725,037 772,500
Debtors 5 49,521 20,054
Cash at bank and in hand 47,462 20,932
822,020 813,486
Creditors: amounts falling due within one year 6 (645,969) (539,343)
Net current assets 176,051 274,143
Total assets less current liabilities 472,517 531,838
Creditors: amounts falling due after more than one year 7 (224,035) (231,225)
Net assets 248,482 300,613
Capital and reserves
Called up share capital 200 200
Profit and loss account 248,282 300,413
Shareholders' funds 248,482 300,613
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J W Kiernan S J Loveday
Director Director
Approved by the board on 28 July 2026
The Maldon Garden Centre Limited
Notes to the Accounts
for the year ended 31 December 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold Property 10% per annum reducing balance basis
Plant and machinery 15 - 20% per annum reducing balance basis
Motor Vehicles 20% per annum reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Average number of persons employed by the company 28 21
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2025 305,000
At 31 December 2025 305,000
Amortisation
At 1 January 2025 305,000
At 31 December 2025 305,000
Net book value
At 31 December 2025 -
Goodwill is being written off in equal annual instalments over its estimated economic life of ten years.
4 Tangible fixed assets
Leasehold Property Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2025 197,090 206,854 15,917 419,861
Additions 19,802 53,020 - 72,822
At 31 December 2025 216,892 259,874 15,917 492,683
Depreciation
At 1 January 2025 54,020 103,789 4,357 162,166
Charge for the year 15,343 16,396 2,312 34,051
At 31 December 2025 69,363 120,185 6,669 196,217
Net book value
At 31 December 2025 147,529 139,689 9,248 296,466
At 31 December 2024 143,070 103,065 11,560 257,695
5 Debtors 2025 2024
£ £
Trade debtors 17,367 19,814
Group Companies 6,996 240
Other debtors 25,158 -
49,521 20,054
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 11,385 15,000
Obligations under finance lease and hire purchase contracts - 3,237
Trade creditors 431,753 354,979
Parent Company - J K Holdings Ltd 46,770 46,936
Corporation tax 8,684 12,747
Other taxes and social security costs 40,245 10,554
Directors loan - Mr and Mrs S Loveday 80,093 70,357
Other creditors 27,039 25,533
645,969 539,343
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans (Secured) 224,035 231,225
8 Related party transactions
The loans from the directors are repayable under terms to be agreed.
The Company paid a rent of £60,000 (see note below) and a Management Charge of £240,000
to it Parent Company in the year - (2024: Rent £60,000 and £300,000 Management Charge).
9 Controlling party
The Company is under the control of JK Holdings Limited (the Parent Company), by virtue of it's ownership of 85% of the issued Ordinary share capital.
10 Rent of premises
As from 1 January 2016 the company has an arrangement with its Parent Company to pay rent for the garden centre premises. The company pays a rent of £60,000 + VAT per annum to JK Holdings Ltd.
11 Operating lease commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:-
2025 2024
£ £
Operating leases which expire:
Within one year 18,466 1,240
2 - 5 years 29,205 2,480
47,671 3,720
12 Bank Loan and Registration of Charge
A Fixed and Floating Charge was registered against the Company assets by Natwest Bank PLC on 21 September 2015 and further supported by a Debenture and Charge over the assets of the Holding Company.
The Company entered into a new Bank Loan facility provided by Nat West Bank in the year to assist with
the development of Claremont Nurseries. The terms were staged draw downs to a maximum facilty
of £250,000 over 15 years with interest payable at 3.25% over Base Rate.
The Bank loan repayments started in 2024.
13 Other information
The Maldon Garden Centre Limited is a private company limited by shares and incorporated in England. Its registered office is:
Victoria House
88 The Causeway
Maldon
Essex
CM9 4LL
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