Pollards Nurseries Limited

	Page
Strategic Report	1
Directors' Report	2—3
Independent Auditor's Report	4—6
Consolidated Profit and Loss Account	7
Consolidated Statement of Comprehensive Income	8
Consolidated Balance Sheet	9—10
Company Balance Sheet	11
Consolidated Statement of Changes in Equity	12
Company Statement of Changes in Equity	13
Consolidated Statement of Cash Flows	14
Notes to the Consolidated Statement of Cash Flows	15
Company Statement of Cash Flows	16
Notes to the Company Statement of Cash Flows	17
Notes to the Financial Statements	18—25

The directors present their strategic report for the year ended 30 November 2025.

Principal Risks and Uncertainties

A summary of the results and key performance indicators are as follows:

Summary of financial results

Turnover increased from £9,801,697 to £12,509,518 for the year ended 30th November 2025 and gross profit increased from £1,045,983 to £1,180,911. The gross profit margin was 9.44% compared to 10.67% last year and the overall result for the year was a net loss of £28,585 compared to a net loss for the previous year of £571,767. The loss has reduced the group's net assets from £4,513,239 at 30th November 2024 to £4,484,654 at 30th November 2025. Reasons for the financial performance are outlined below.

Review of the business

The main activity of the group continues to be the growing and packing of tomatoes on the vine for sale to UK retailers. In addition, the group sells cucumbers and other products produced by other UK growers to its customers. Some of the growing facilities were also rented to a third-party grower of soft fruit. Following the impact of Tomato brown rugose virus (ToBRFV) in some of crops during the 2023 season, the management refined its choice of resistant varieties and achieved improved yields compared with 2024. Energy costs rose only slightly thanks to ongoing favorable contracts but inflation in labour particularly increased National Insurance on seasonal and part time workers, transport and material costs led to the reported loss.

Future performance

The group has simplified its customer base and product range for the 2025 season to help control cost increases and drive out operating expenditure in particular transport and labour. However, energy costs will increase due to less favorable forward contracts than in recent seasons.

The group has installed 5G technology and updated growing environment controls as part of a local demonstration project. The benefits of this project will contribute to performance in 2026.

Principal risks and uncertainties

Gas prices, although hedged again for the 2026 season, remain a risk in the longer term in particular due to global uncertainties. Availability of staff to harvest and pack fruit is currently not a significant concern. Pests and diseases in the tomato crops are an ongoing threat which all staff are made aware of and strict hygiene measures implemented to control the risks.

On behalf of the board

Mr N Stevenson

Director

28th August 2026

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Pollards Nurseries Limited

Company No. 11122778

Directors' Report For The Year Ended 30 November 2025

Directors' Report

The directors present their report and the financial statements for the year ended 30 November 2025.

Principal Activity

The group's principal activity of the group continues to be the growing and packing of tomatoes.

Directors

The directors who held office during the year were as follows:

Mr D Stevenson

Mrs C Burton

Mr N Stevenson

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company and group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company and group's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company and group's auditors are aware of that information.

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Pollards Nurseries Limited

Directors' Report (continued)

For The Year Ended 30 November 2025

Independent Auditors

The auditors, Bromley Clackett Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr N Stevenson

Director

28th August 2026

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Independent Auditor's Report

to the Members of

Pollards Nurseries Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Pollards Nurseries Limited (the "parent company") and its subsidiaries (the "group") for the year ended 30 November 2025 which comprise the Consolidated Profit and Loss Account, Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes of Equity, Company Statement of Changes of Equity, Consolidated Cash Flow Statement, Company Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the group's and of the parent company's affairs as at 30 November 2025 and of the group's profit/(loss) 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.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Pollards Nurseries Limited

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2—3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with management of the company.

- We obtained an understanding of the legal and regulatory requirements applicable to the Group and considered that the most significant are the Companies Act 2006, Financial reporting Standard 102 and tax legislation.

- We communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

- We inquired of management as to any known instances of irregularities or non-compliance with laws and regulations.

- We agreed the financial statement disclosures to underlying supporting documentation and performed detailed testing on accounts balances which were considered to be at a greater risk of susceptibility to fraud.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the group’s internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

- Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements.

We communicate with management regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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Independent Auditor's Report (continued)

to the Members of

Pollards Nurseries Limited

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Lee Clackett (Senior Statutory Auditor)

for and on behalf of Bromley Clackett Limited , Statutory Auditor

29th August 2026

Bromley Clackett Limited

76 Aldwick Road

Bognor Regis

West Sussex

PO21 2PE

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Pollards Nurseries Limited

Consolidated Profit and Loss Account

For The Year Ended 30 November 2025

Consolidated Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER		12,509,518	9,801,697
Cost of sales		(11,328,607 )	(8,755,714 )

GROSS PROFIT		1,180,911	1,045,983

Distribution costs		(953,265 )	(892,580 )
Administrative expenses		(1,165,102 )	(1,097,107 )
Other operating income		695,447	227,298

OPERATING LOSS	4	(242,009 )	(716,406 )
Profit on disposal of fixed assets		81,833	-
Other interest receivable and similar income	9	23,836	56,304

LOSS BEFORE TAXATION		(136,340 )	(660,102 )
Tax on Loss	10	107,755	88,335

LOSS AFTER TAXATION BEING LOSS FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT		(28,585 )	(571,767 )

The notes on pages 15 to 25 form part of these financial statements.

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Pollards Nurseries Limited

Consolidated Statement of Comprehensive Income

For The Year Ended 30 November 2025

Consolidated Statement of Comprehensive Income

	2025	2024
	£	£
LOSS FOR THE FINANCIAL YEAR	(28,585 )	(571,767 )
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT	(28,585 )	(571,767 )

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Pollards Nurseries Limited

Consolidated Balance Sheet

As At 30 November 2025

Consolidated Balance Sheet

Registered number: 11122778

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	11		130,250		160,895
Tangible Assets	12		1,554,825		1,779,435
Investments	13		1,078,359		1,078,359

			2,763,434		3,018,689
CURRENT ASSETS
Stocks	14	162,778		253,006
Debtors	15	2,478,269		1,960,524
Cash at bank and in hand		589,607		557,769

		3,230,654		2,771,299
Creditors: Amounts Falling Due Within One Year	16	(1,137,972 )		(898,606 )

NET CURRENT ASSETS (LIABILITIES)			2,092,682		1,872,693

TOTAL ASSETS LESS CURRENT LIABILITIES			4,856,116		4,891,382

Creditors: Amounts Falling Due After More Than One Year	17		(109,851 )		(8,777 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	18		(261,611 )		(369,366 )

NET ASSETS			4,484,654		4,513,239

CAPITAL AND RESERVES
Called up share capital	20		180,480		180,480
Other reserves			4,425,986		4,425,986
Profit and Loss Account			(121,812 )		(93,227 )

SHAREHOLDERS' FUNDS			4,484,654		4,513,239

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Pollards Nurseries Limited

Consolidated Balance Sheet (continued)

As At 30 November 2025

On behalf of the board

Mr N Stevenson

Director

28th August 2026

The notes on pages 15 to 25 form part of these financial statements.

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Pollards Nurseries Limited

Company Balance Sheet

As At 30 November 2025

Company Balance Sheet

Registered number: 11122778

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	13		9,233,850		9,233,850

			9,233,850		9,233,850
CURRENT ASSETS
Cash at bank and in hand		480		480

		480		480
Creditors: Amounts Falling Due Within One Year	16	(4,627,864 )		(4,627,864 )

NET CURRENT ASSETS (LIABILITIES)			(4,627,384 )		(4,627,384 )

TOTAL ASSETS LESS CURRENT LIABILITIES			4,606,466		4,606,466

NET ASSETS			4,606,466		4,606,466

CAPITAL AND RESERVES
Called up share capital	20		180,480		180,480
Other reserves			4,425,986		4,425,986

SHAREHOLDERS' FUNDS			4,606,466		4,606,466

In accordance with section 408(3) of the Companies Act 2006, the company has not presented its own profit and loss account and the related notes. The company's profit/(loss) for the year was £Nil 2024 £Nil

On behalf of the board

Mr N Stevenson

Director

28th August 2026

The notes on pages 15 to 25 form part of these financial statements.

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Pollards Nurseries Limited

Consolidated Statement of Changes in Equity

For The Year Ended 30 November 2025

Consolidated Statement of Changes in Equity

	Share Capital	Other reserves	Profit and Loss Account	Total
	£	£	£	£
As at 1 December 2023	180,480	4,425,986	478,540	5,085,006
Loss for the year and total comprehensive income	-	-	(571,767 )	(571,767)

As at 30 November 2024 and 1 December 2024	180,480	4,425,986	(93,227 )	4,513,239


Loss for the year and total comprehensive income	-	-	(28,585 )	(28,585)

As at 30 November 2025	180,480	4,425,986	(121,812 )	4,484,654

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Pollards Nurseries Limited

Company Statement of Changes in Equity

For The Year Ended 30 November 2025

Company Statement of Changes in Equity

	Share Capital	Other reserves	Total
	£	£	£
As at 1 December 2023	180,480	4,425,986	4,606,466

As at 30 November 2024 and 1 December 2024	180,480	4,425,986	4,606,466


As at 30 November 2025	180,480	4,425,986	4,606,466

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Pollards Nurseries Limited

Consolidated Statement of Cash Flows

For The Year Ended 30 November 2025

Consolidated Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash used in operations	1	(68,092 )	(393,509 )
Tax refunded/(paid)		58,154	(158,451 )

Net cash used in operating activities		(9,938 )	(551,960 )

Cash flows from investing activities
Purchase of tangible assets		(158,606 )	(113,594 )
Proceeds from disposal of tangible assets		176,546	-
Interest received		23,836	56,304

Net cash generated from/(used in) investing activities		41,776	(57,290 )



Increase/(decrease) in cash and cash equivalents		31,838	(609,250 )
Cash and cash equivalents at beginning of year	2	557,769	1,167,019

Cash and cash equivalents at end of year	2	589,607	557,769

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Pollards Nurseries Limited

Notes to the Consolidated Statement of Cash Flows

For The Year Ended 30 November 2025

Notes to the Consolidated Statement of Cash Flows

1. Reconciliation of loss for the financial year to cash used in operations

	2025	2024
	£	£
Loss for the financial year	(28,585 )	(571,767 )
Adjustments for:
Tax on loss	(107,755 )	(88,335 )
Interest income	(23,836 )	(56,304 )
Amortisation of intangible assets	30,645	30,645
Depreciation of tangible assets	288,503	286,368
Profit on disposal of tangible assets	(81,833)	-
Movements in working capital:
Decrease in stocks	90,228	20,043
Increase in trade and other debtors	(575,899 )	(198,528 )
Increase in trade and other creditors	340,440	184,369

Net cash used in operations	(68,092 )	(393,509 )

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	589,607	557,769

3. Analysis of changes in net funds

	As at 1 December 2024	Cash flows	As at 30 November 2025
	£	£	£
Cash at bank and in hand	557,769	31,838	589,607

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Pollards Nurseries Limited

Company Statement of Cash Flows

For The Year Ended 30 November 2025

Company Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from/(used in) operations	1	-	-



Increase/(decrease) in cash and cash equivalents		-	-
Cash and cash equivalents at beginning of year	2	480	480

Cash and cash equivalents at end of year	2	480	480

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Pollards Nurseries Limited

Notes to the Company Statement of Cash Flows

For The Year Ended 30 November 2025

Notes to the Company Statement of Cash Flows

1. Reconciliation of profit/(loss) for the financial year to cash generated from/(used in) operations

	2025	2024
	£	£
Profit/(loss) for the financial year	-	-

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	480	480

3. Analysis of changes in net funds

	As at 1 December 2024	Cash flows	As at 30 November 2025
	£	£	£
Cash at bank and in hand	480	-	480

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Pollards Nurseries Limited

Notes to the Financial Statements

For The Year Ended 30 November 2025

Notes to the Financial Statements

1. General Information

Pollards Nurseries Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11122778 . The registered office is 76 Aldwick Road, Bognor Regis, West Sussex, PO21 2PE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Basis Of Consolidation

The group consolidated financial statements include the financial statements of the company and all of its subsidiary undertakings together with the group’s share of the results of associates made up to 30 November 2025.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where the group owns less than 50% of the voting powers of an entity but controls the entity by virtue of an agreement with other investors which give it control of the financial and operating policies of the entity, it accounts for that entity as a subsidiary.

Where a subsidiary has different accounting policies to the group, adjustments are made to those subsidiary financial statements to apply the group’s accounting policies when preparing the consolidated financial statements.

2.3. Business Combinations

Business combinations are accounted for by applying the purchase method.

The cost of a business combination is the fair value of the consideration given, liabilities incurred or assumed and of equity instruments issued plus the costs directly attributable to the business combination. Where control is achieved in stages the cost is the consideration at the date of each transaction.

Contingent consideration is initially recognised at estimated amount where the consideration is probable and can be measured reliably. Where (i) the contingent consideration is not considered probable or cannot be reliably measured but subsequently becomes probable and measurable or (ii) contingent consideration previously measured is adjusted, the amounts are recognised as an adjustment to the cost of the business combination.

On acquisition of a business, fair values are attributed to the identifiable assets, liabilities and contingent liabilities unless the fair value cannot be measured reliably, in which case the value is incorporated in goodwill. Intangible assets are only recognised separately from goodwill where they are separable and arise from contractual or other legal rights. Where the fair value of contingent liabilities cannot be reliably measured they are disclosed on the same basis as other contingent liabilities.

2.4. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.5. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2%, 5% or 10% on cost
Plant & Machinery	15% reducing balance 10% straight line

2.7. Investments

Investments in subisidiary undertakings are recognised at cost.

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Pollards Nurseries Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.8. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.9. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.10. Financial Instruments

Financial instruments are measured at transaction price, adjusted for transaction costs and are not measured at fair value. The company assesses any evidence of impairment at the end of each reporting period.

2.11. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.12. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The group's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.13. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

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Pollards Nurseries Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

3. Other Operating Income

	2025	2024
	£	£
Rental income	91,194	86,786
Other operating income	604,253	140,512

	695,447	227,298

Grant income from the West Sussex County Council was received during the year ended 30th November 2025 of £162,126 of which £148,111 has been carried forward to match expenditure incurred since the end of the year and in respect of expenditure on fixed assets that will be released to the profit and loss account over the useful life of the asset concerned. During the year ended 30th November 2025 grant income of £15,564 was released to the profit and loss account including £1,549 relating to a historical grant.

4. Operating Loss

The operating loss is stated after charging:

	2025	2024
	£	£
Depreciation of tangible fixed assets	288,503	286,368
Amortisation of intangible fixed assets	30,645	30,645

5. Auditor's Remuneration

Remuneration received by the group's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	9,650	9,650

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	3,459,250	3,052,373
Social security costs	350,670	292,661
Other pension costs	66,000	69,298

	3,875,920	3,414,332

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Pollards Nurseries Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

7. Average Number of Employees

Group

Average number of employees, including directors, during the year was as follows:

	2025	2024
Directors	3	3
Management	13	7
Direct labour	85	96

	101	106

Company

Average number of employees, including directors, during the year was: NIL (2024: NIL)

8. Directors' remuneration

	2025	2024
	£	£
Emoluments	160,751	142,190

9. Interest Receivable and Similar Income

	2025	2024
	£	£
Interest receivable	23,836	56,304

10. Tax on Profit

The tax credit on the loss for the year was as follows:

	Tax Rate		2025	2024
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	-	(58,154 )
Deferred Tax
Origination and reversal of timing differences			(107,755 )	(30,181 )


Total tax charge for the period			(107,755 )	(88,335 )

The actual credit for the year can be reconciled to the expected credit for the year based on the loss and the standard rate of corporation tax as follows:

	2025	2024
	£	£
Profit before tax	(136,340)	(660,102)

Tax on profit at 25% (UK standard rate)	(34,085 )	(165,025 )
Goodwill/depreciation not allowed for tax	(5,128 )	9,962
Difference in tax rates	-	5,027

...CONTINUED

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Pollards Nurseries Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

Revenue exempt from taxation	(387 )	(456 )
Indexation allowance on capital gains	(5,998 )	-
Tax losses for which no deferred tax was recognised	(62,157 )	62,157

Total tax charge for the period	(107,755)	(88,335)

11. Intangible Assets

Group

	Goodwill
	£
Cost
As at 1 December 2024	306,459

As at 30 November 2025	306,459

Amortisation
As at 1 December 2024	145,564
Provided during the period	30,645

As at 30 November 2025	176,209

Net Book Value
As at 30 November 2025	130,250

As at 1 December 2024	160,895

Company

The company had no intangible fixed assets as at 30 November 2025 or 30 November 2024.

12. Tangible Assets

Group

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 December 2024	1,753,958	1,378,724	3,132,682
Additions	-	158,606	158,606
Disposals	(160,051 )	(14,700 )	(174,751 )

As at 30 November 2025	1,593,907	1,522,630	3,116,537

Depreciation
As at 1 December 2024	765,556	587,691	1,353,247
Provided during the period	160,915	127,588	288,503
Disposals	(65,338 )	(14,700 )	(80,038 )

As at 30 November 2025	861,133	700,579	1,561,712

Net Book Value
As at 30 November 2025	732,774	822,051	1,554,825

As at 1 December 2024	988,402	791,033	1,779,435

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Pollards Nurseries Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

Company

The company had no tangible fixed assets as at 30 November 2025 or 30 November 2024.

13. Investments

Group

	Unlisted	Other	Total
	£	£	£
Cost or Valuation
As at 1 December 2024	52	1,078,307	1,078,359

As at 30 November 2025	52	1,078,307	1,078,359

Provision
As at 1 December 2024	-	-	-

As at 30 November 2025	-	-	-

Net Book Value
As at 30 November 2025	52	1,078,307	1,078,359

As at 1 December 2024	52	1,078,307	1,078,359

Company

	Subsidiaries
	£
Cost or Valuation
As at 1 December 2024	9,233,850

As at 30 November 2025	9,233,850

Provision
As at 1 December 2024	-

As at 30 November 2025	-

Net Book Value
As at 30 November 2025	9,233,850

As at 1 December 2024	9,233,850

Subsidiaries

Details of the company's subsidiaries as at 30 November 2025 are as follows:

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
The Green House Sussex Holdings Limited	76 Aldwick Road, Bognor Regis, PO21 2PE	Ordnary A & B shares	100%	0%
The Green House Sussex Limited	76 Aldwick Road, Bognor Regis PO21 2PE	Ordinary shares	0%	100%

The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows:

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Pollards Nurseries Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

	Capital and Reserves	Profit/(loss)
The Green House Sussex Holdings Limited	8,798,074	162,382
The Green House Sussex Limited	193,514	(160,322)

14. Stocks

	2025	2024
	£	£
Stock	162,778	253,006

15. Debtors

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Due within one year
Trade debtors	788,774	378,442	-	-
Other debtors	1,689,495	1,582,082	-	-

	2,478,269	1,960,524	-	-

16. Creditors: Amounts Falling Due Within One Year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Trade creditors	586,154	328,226	-	-
Amounts owed to group undertakings	-	-	4,627,864	4,627,864
Other creditors	74,968	124,079	-	-
Taxation and social security	95,654	75,273	-	-
Accruals and deferred income	381,196	371,028	-	-

	1,137,972	898,606	4,627,864	4,627,864

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

	Group
	2025	2024
	£	£
Accruals and deferred income	109,851	8,777

18. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Accelerated capital allowances	347,212	369,366
Tax losses carried forward	(85,601 )	-

	261,611	369,366

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Pollards Nurseries Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

19. Provisions for Liabilities

Group
	Deferred Tax	Total
	£	£
As at 1 December 2024	369,366	369,366
Origination and reversal of timing differences	(107,755 )	(107,755 )

Balance at 30 November 2025	261,611	261,611

20. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
180,480 Ordinary Shares of £ 1.00 each	180,480	180,480

21. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	349,040	336,832
Later than one year and not later than five years	1,396,160	-

	1,745,200	336,832

22. Pension Commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £66,000 (2024: £69,298).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

23. Related Party Disclosures

The directors, Mr N Stevenson and Mr D Stevenson, are shareholders of The Green House Growers Limited. The Green House Norwich Limited and The Green House Sales Limited are members of The Green House Growers Limited group of companies. During the year ended 30th November 2025, the company purchased cucumbers for £5,340,240 (2024: £3,296,510) from The Green House Norwich Limited and subsequently The Green House Sales Limited which were sold for no margin. The company also provided management services to The Green House Norwich Limited amounting to £410,000 (2024: Nil) included as other operating income. At 30th November 2025, £350,000 was due from The Green House Norwich Limited and an amount was owed to The Green House Sales Limited of £121,729. Amounts due are unsecured, interest free and repayable on demand.

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