Company No: 05763222 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	0		750
Tangible assets	4	318,541		327,162
Investments	5	2		2
		318,543		327,914
Current assets
Stocks	6	269,148		250,130
Debtors	7	8,254		1,994
Cash at bank and in hand		351,076		409,929
		628,478		662,053
Creditors: amounts falling due within one year	8	( 177,481)		( 201,804)
Net current assets		450,997		460,249
Total assets less current liabilities		769,540		788,163
Creditors: amounts falling due after more than one year	9	0		( 7,346)
Net assets		769,540		780,817
Capital and reserves
Called-up share capital	10	300,102		300,102
Profit and loss account		469,438		480,715
Total shareholders' funds		769,540		780,817

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

Director's responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges 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 Income and Retained Earnings has not been delivered.

The financial statements of Plantco UK Ltd (registered number: 05763222) were approved and authorised for issue by the Director. They were signed on its behalf by:

A C Harker Director

16 September 2026

1. Accounting policies

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

General information and basis of accounting

Plantco UK Ltd (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 35 Ballards Lane, London, N3 1XW, 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 £.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

**Sale of goods**

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

* the Company has transferred the significant risks and rewards of ownership to the buyer;
* the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
* the amount of revenue can be measured reliably;
* itis probable that the Company will receive the consideration due under the transaction; and
* the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 reporting date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

20 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property	2 % reducing balance
Plant and machinery	25 % reducing balance
Vehicles	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and 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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	12		12

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2025	15,000		15,000
At 31 December 2025	15,000		15,000
Accumulated amortisation
At 01 January 2025	14,250		14,250
Charge for the financial year	750		750
At 31 December 2025	15,000		15,000
Net book value
At 31 December 2025	0		0
At 31 December 2024	750		750

4. Tangible assets

	Investment property		Plant and machinery		Vehicles		Total
	£		£		£		£
Cost
At 01 January 2025	351,726		175,927		32,372		560,025
Additions	0		2,740		0		2,740
At 31 December 2025	351,726		178,667		32,372		562,765
Accumulated depreciation
At 01 January 2025	42,462		162,810		27,591		232,863
Charge for the financial year	6,184		3,583		1,594		11,361
At 31 December 2025	48,646		166,393		29,185		244,224
Net book value
At 31 December 2025	303,080		12,274		3,187		318,541
At 31 December 2024	309,264		13,117		4,781		327,162

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2025	2		2
At 31 December 2025	2		2
Carrying value at 31 December 2025	2		2
Carrying value at 31 December 2024	2		2

6. Stocks

	2025		2024
	£		£
Stocks	269,148		250,130

7. Debtors

	2025		2024
	£		£
Corporation tax	222		0
Other debtors	8,032		1,994
	8,254		1,994

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	0		30,175
Trade creditors	32,870		14,567
Taxation and social security	74,033		81,334
Other creditors	70,578		75,728
	177,481		201,804

9. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		7,346

There are no amounts included above in respect of which any security has been given by the small entity.

10. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
102 Ordinary shares of £ 1.00 each	102		102
300,000 Preference shares of £ 1.00 each	300,000		300,000
	300,102		300,102

11. Related party transactions

Included within other creditors is a balance of £9,415 (2024: £10,085) owed to A C Harker, the director. This balance is unsecured and interest free.

Included within other creditors is a balance of £48,640 (2024: £48,807) owed to D C Harker, the brother of the director. This balance is unsecured and interest free.

Included within other creditors is a balance of £2,674 (2024: £2,674) owed to Northfield Garden Centre Limited, a subsidiary company in which Mr A C Harker is also a director.