Company registration number 00945702 (England and Wales)
GREENERY UK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
GREENERY UK LIMITED
CONTENTS
Page
Statement of comprehensive income
1
Balance sheet
2
Notes to the financial statements
3 - 10
GREENERY UK LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -
2025
2024
£
£
Profit/(loss) for the year
632,248
(730,442)
Other comprehensive income
Actuarial (loss)/gain on defined benefit pension schemes
(616,000)
746,000
Total comprehensive income for the year
16,248
15,558
GREENERY UK LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
4
44,227
53,240
Cash at bank and in hand
81,243
68,709
125,470
121,949
Creditors: amounts falling due within one year
5
(26,619)
(39,346)
Net current assets
98,851
82,603
Net assets excluding pension liability
98,851
82,603
Defined benefit pension liability
8
-
0
-
0
Net assets
98,851
82,603
Capital and reserves
Called up share capital
2,000,000
2,000,000
Capital contribution reserve
22,336,000
22,336,000
Profit and loss reserves
(24,237,149)
(24,253,397)
Total equity
98,851
82,603

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 August 2026 and are signed on its behalf by:
Mr A A Swijter
Director
Company registration number 00945702 (England and Wales)
GREENERY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Greenery UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is . Suite 501, The Nexus Building, Broadway, Letchworth Garden City, Herts, SG6 3TA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 4 ‘Statement of Financial Position’: Reconciliation of the opening and closing number of shares;

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’: Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of The Greenery B.V. These consolidated financial statements are available from its registered office Spoorwegemplacement 1, 2991 VT, Barendrecht, Netherlands.

1.2
Going concern

The company provides management and support services solely to The Greenery B.V. and does not have independent revenue-generating activities with external customers. Its income comprises service fees charged to The Greenery B.V. for these activities. The company’s ability to continue as a going concern is dependent on the continuation of this service arrangement and the associated cost recovery from The Greenery B.V. These true arrangements may be subject to termination on notice and may not cover all unforeseen costs. These conditions indicate the existence of a material uncertainty which may cast significant doubt on the company’s ability to continue as a going concern. However, based on the current arrangements and the latest available information, the directors expect that The Greenery B.V. will continue to support the company and that the company will have adequate resources to continue in operational existence for a period of at least twelve months from the date of approval of the financial statements. Accordingly, the financial statements have been prepared on a going concern basis.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

GREENERY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value though profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

GREENERY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

GREENERY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Critical judgements in applying the company's accounting policies

The directors believe there to be no critical judgements, apart from those involving estimation (which are dealt with separately below), that they have made in the process of applying the company's accounting policies and that would have a significant effect on the amounts recognised in the financial statements.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Pension obligation

The net position of a defined pension arrangement is determined based on actuarial valuations. An actuarial valuation assumes the estimation of discount rates, estimated returns on assets, future salary increases, mortality figures and future pension increases. Because of the long term nature of these pension plans, the valuation of these is subject to important uncertainties. The directors appoint an actuary in order to estimate the value of future obligations and a fund manager to measure the value of the scheme assets. These valuations are then reviewed by management before inclusion in the financial statements. See note 7 for additional disclosures.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
3,091
14,751
Other debtors
41,136
38,489
44,227
53,240
GREENERY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
4,380
100
Taxation and social security
5,347
4,812
Other creditors
16,891
34,434
26,618
39,346
6
Contingent asset

During the year the company continued to move towards a closure of its defined benefit scheme with the intention being for scheme assets to be used for the purchase of insurance products which will cover the expected liabilities of the scheme. As at the year end the scheme actuary projected that surplus assets of £420,000 existed were the plan to be executed at that time, and it would be likely that pursuant to that those surplus assets would be returned to the company. The directors are conscious that some volatility will remain until the plan is actually executed (expected to be during the year ended 31 December 2026) and consequently the existence and extent of the amounts that will be returned to the company remain uncertain and therefore the reported surplus has been subject to a restriction as in prior periods.

7
Deferred taxation
There were no deferred tax movements in the year.

Deferred tax assets have not been recognised on losses as there is insufficient evidence to recoverability. These assets will be recovered if and when the company has suitable profits in future years to reverse deferred tax assets. At the year end, trading tax losses carried forward and potentially available to offset against future profits were £7,433,494.

8
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
12,605
10,509

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

Defined benefit schemes

The company operates a defined benefit scheme for qualifying employees. The scheme is now closed to new members.

The most recent actuarial valuations of scheme assets and the present value of the defined benefit obligation were carried out at 31 December 2025 by Mr Martin West, Fellow of the Institute of Actuaries. The present value of the defined benefit obligation, the related current service cost and past service cost were measured using the projected unit credit method.

GREENERY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
8
Retirement benefit schemes
(Continued)
- 8 -
2025
2024
Key assumptions
%
%
Discount rate
5.5
5.45
Expected rate of increase of pensions in payment
2.05 - 3.0
2.15 - 3.0
Expected rate of salary increases
n/a
n/a
Expected return on assets
5.5
5.45
RPI inflation
2.95
3.25
Mortality assumptions
2025
2024

Investigations have been carried out within the past three years into the mortality experience of the Company's defined benefit schemes. These investigations concluded that the current mortality assumptions include sufficient allowance for future improvements in mortality rates. The assumed life expectations on retirement at age 65 are:

Years
Years
Retiring today
- Males
22
21.7
- Females
24.4
24.3
Retiring in 20 years
- Males
23.3
22.9
- Females
25.8
25.6
Amounts recognised in the profit and loss account
2025
2024
Costs/(income):
£
£
Past service cost
(750,000)
500,000
Other costs and income
134,000
246,000
Total costs/(income)
(616,000)
746,000
Amounts recognised in other comprehensive income
2025
2024
Costs/(income):
£
£
Return on scheme assets excluding interest income
411,000
1,251,000
Actuarial changes related to obligations
82,000
(1,121,000)
Effect of changes in the amount of surplus that is not reportable
123,000
(876,000)
Total costs/(income)
616,000
(746,000)
GREENERY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
8
Retirement benefit schemes
(Continued)
- 9 -

The amounts included in the balance sheet arising from the company's obligations in respect of defined benefit plans are as follows:

2025
2024
Liabilities/(assets):
£
£
Present value of defined benefit obligations
9,322,000
10,000,000
Fair value of plan assets
(9,322,000)
(10,000,000)
Deficit in scheme
-
-
2025
Movements in the present value of defined benefit obligations
£
Liabilities at 1 January 2025
10,000,000
Past service cost
(750,000)
Benefits paid
(687,000)
Actuarial gains and losses
82,000
Interest cost
511,000
Expenses
166,000
At 31 December 2025
9,322,000

The defined benefit obligations arise from plans which are wholly unfunded.

2025
Movements in the fair value of plan assets
£
Fair value of assets at 1 January 2025
10,297,000
Return on plan assets (excluding amounts included in net interest)
(411,000)
Benefits paid
(687,000)
Movement in surplus restriction
123,000
At 31 December 2025
9,322,000

The actual return on plan assets was £411,000 (2024 - £1,251,000).

2025
2024
Fair value of plan assets
£
£
Debt instruments
224,066
731,087
Cash
58,452
195,643
Insured annuities
9,323,094
9,246,706
Alternatives
136,388
123,564
Surplus Restriction
(420,000)
(297,000)
9,322,000
10,000,000
GREENERY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 10 -
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
James Price FCA
Statutory Auditor:
TC Audit Limited
Date of audit report:
18 August 2026
10
Related party transactions

As a wholly owned subsidiary of The Greenery BV, the company is exempt from the requirement under section 33 of FRS 102 to disclose transactions with other members of the group.

11
Parent company

The immediate parent undertaking of this company is The Greenery BV, which is incorporated in The Netherlands. The ultimate controlling party is Coöperatie The Greenery U.A., which has included Greenery UK Limited in its group accounts which may be obtained from Spoorwegemplacement 1, 2991 VT, Barendrecht, Netherlands. The Greenery BV is the smallest group into which the company is consolidated. Coöperatie The Greenery U.A. is the largest group into which the company is consolidated.

2025-12-31 2025-01-01 false false false 18 August 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Greenery Produce Holding BV Mr A A Swijter 00945702 2025-01-01 2025-12-31 00945702 2024-01-01 2024-12-31 00945702 core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 00945702 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 00945702 2025-12-31 00945702 2024-12-31 00945702 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 00945702 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 00945702 core:WithinOneYear 2025-12-31 00945702 core:WithinOneYear 2024-12-31 00945702 core:CurrentFinancialInstruments 2025-12-31 00945702 core:CurrentFinancialInstruments 2024-12-31 00945702 core:ShareCapital 2025-12-31 00945702 core:ShareCapital 2024-12-31 00945702 core:CapitalRedemptionReserve 2025-12-31 00945702 core:CapitalRedemptionReserve 2024-12-31 00945702 core:RetainedEarningsAccumulatedLosses 2025-12-31 00945702 core:RetainedEarningsAccumulatedLosses 2024-12-31 00945702 bus:Director2 2025-01-01 2025-12-31 00945702 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 00945702 bus:FRS102 2025-01-01 2025-12-31 00945702 bus:Audited 2025-01-01 2025-12-31 00945702 bus:Director1 2025-01-01 2025-12-31 00945702 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 00945702 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP