Company No: 01282821 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	T R Falloon
	J M Flinn

SECRETARY

J M Flinn

REGISTERED OFFICE	Ground Floor
	Keble House
	Southernhay Gardens
	Exeter
	EX1 1NT
	United Kingdom

COMPANY NUMBER

01282821 (England and Wales)

ACCOUNTANT	Gravita Western Limited
	Keble House
	Southernhay Gardens
	Exeter
	EX1 1NT
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	578,275		593,318
Investments	4	965,357		1,048,730
		1,543,632		1,642,048
Current assets
Stocks		387,861		414,376
Debtors	5	23,838		38,323
Cash at bank and in hand		240,291		267,308
		651,990		720,007
Creditors: amounts falling due within one year	6	( 171,772)		( 173,936)
Net current assets		480,218		546,071
Total assets less current liabilities		2,023,850		2,188,119
Net assets		2,023,850		2,188,119
Capital and reserves
Called-up share capital		45,048		45,048
Share premium account		270,000		270,000
Profit and loss account		1,708,802		1,873,071
Total shareholders' funds		2,023,850		2,188,119

For the financial period ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of St. Bridget Nurseries Limited (registered number: 01282821) were approved and authorised for issue by the Board of Directors on 04 September 2026. They were signed on its behalf by:

T R Falloon Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

St. Bridget Nurseries Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor, Keble House, Southernhay Gardens, Exeter, EX1 1NT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Basis of consolidation

The financial statements contain information about St. Bridget Nurseries Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
The company operates a defined contribution pension scheme for one director and some staff. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

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

Land and buildings	5 - 25 years straight line
Plant and machinery	15 % reducing balance
Vehicles	15 % reducing balance
Fixtures and fittings	5 years straight line
Office equipment	5 years straight line

Land included within freehold property is not depreciated.

Fixed asset investments

Listed investments
Portfolio fixed asset investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss. Income from the sale of the investment is recognised in other income on disposal. Interest income is recognised on receipt of payment. No dividend income is receivable on the listed investments.

Investment in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Investment in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	37		36

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£		£
Cost
At 01 January 2025	1,028,723		531,799		58,843		26,380		40,380		1,686,125
Additions	0		2,383		0		2,000		3,026		7,409
At 31 December 2025	1,028,723		534,182		58,843		28,380		43,406		1,693,534
Accumulated depreciation
At 01 January 2025	525,076		463,465		57,276		18,151		28,839		1,092,807
Charge for the financial period	5,209		10,378		235		2,922		3,708		22,452
At 31 December 2025	530,285		473,843		57,511		21,073		32,547		1,115,259
Net book value
At 31 December 2025	498,438		60,339		1,332		7,307		10,859		578,275
At 31 December 2024	503,647		68,334		1,567		8,229		11,541		593,318

4. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 January 2025	10,046
At 31 December 2025	10,046
Carrying value at 31 December 2025	10,046
Carrying value at 31 December 2024	10,046

	Listed investments		Other investments		Total
	£		£		£
Cost or valuation before impairment
At 01 January 2025	1,033,373		5,311		1,038,684
Additions	950,000		0		950,000
Disposal	( 1,033,373)		0		( 1,033,373)
At 31 December 2025	950,000		5,311		955,311
Carrying value at 31 December 2025	950,000		5,311		955,311
Carrying value at 31 December 2024	1,033,373		5,311		1,038,684

The investment value of the group shares is included at cost at £10,046.

The portfolio fixed asset investments are held at valuation. The revaluation has been taken from reports provided to the company by Evelyn Partners. The date for revaluation was 31 December 2025.

The carrying value of the portfolio fixed asset investments is £950,000.

Investments (neither listed or unlisted) were as follows: Basic rights for rural payment £5,311 (2024: £5,311).

5. Debtors

	2025		2024
	£		£
Trade debtors	2,236		4,141
Other debtors	21,602		34,182
	23,838		38,323

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	78,785		101,849
Amounts owed to Group undertakings	10,046		10,046
Other taxation and social security	45,500		24,893
Other creditors	37,441		37,148
	171,772		173,936

There is a fixed and floating charge with Lloyds Bank PLC dated 26/02/2018 over all the property and undertakings of the company.