North Hill Nurseries Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12185344 (England and Wales)

NORTH HILL NURSERIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

10

DIRECTORS:

Mr S J Edwards

Mr R C Small

Mrs C A Small

SECRETARY:

Mrs C A Small

REGISTERED OFFICE:

Scotts Grove Road

Chobham

Woking

Surrey

GU24 8DW

REGISTERED NUMBER:

12185344 (England and Wales)

ACCOUNTANTS:

Bessler Hendrie LLP

Chartered Accountants

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

FIXED ASSETS

Intangible assets

5

336,003

420,003

Tangible assets

6

254,700

297,301

590,703

717,304

CURRENT ASSETS

Stocks

230,348

260,068

Debtors

7

96,277

45,212

Cash at bank

1,988,147

1,668,806

2,314,772

1,974,086

CREDITORS

Amounts falling due within one year

8

(357,410

)

(350,341

)

NET CURRENT ASSETS

1,957,362

1,623,745

TOTAL ASSETS LESS CURRENT LIABILITIES

2,548,065

2,341,049

PROVISIONS FOR LIABILITIES

10

(208,444

)

(218,353

)

NET ASSETS

2,339,621

2,122,696

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

2,339,521

2,122,596

2,339,621

2,122,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2026 and were signed on its behalf by:

Mrs C A Small - Director

1.	STATUTORY INFORMATION

North Hill Nurseries Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the fair value of the consideration receivable for plants and related goods supplied in the normal course of business, net of trade discounts, early settlement discounts and value added tax.

Revenue is recognised when the significant risks and rewards of ownership of the goods have passed to the customer, which is normally on delivery to the customer or on collection from the nursery.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes expenditure directly attributable to bringing the asset into working condition for its intended use.

Where the company has an obligation to restore leased properties at the end of the lease term, the estimated present value of the restoration costs is capitalised as part of the cost of the related asset when the obligation arises. The corresponding liability is recognised within provisions.

Depreciation is provided at rates calculated to write off the cost of each asset, less its estimated residual value, over its expected useful life as follows:

Plant and machinery etc.

- 33% on cost and 15%/25% on reducing balance

Leasehold property restoration asset

- Straight line over the remaining lease term

The assets' residual values, useful economic lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, at the end of each reporting period.

The carrying amount of tangible fixed assets is reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable.

On disposal of a tangible fixed asset, the difference between the net disposal proceeds and the carrying amount of the asset is recognised in the profit and loss account.

Stocks

Stock, comprising plants and related goods held for sale in the normal course of business, is stated at the lower of cost and net realisable value. Cost includes purchase costs, direct labour, and an appropriate proportion of overheads incurred in growing and preparing plants for sale, and is calculated using the first in, first out method.

Net realisable value represents the estimated selling price less all estimated costs necessary to complete and sell the stock.

Provision is made for obsolete, slow moving, damaged or deteriorated stock, reflecting the perishable nature of certain plants.

At each reporting date, stock is reviewed for impairment. Where the carrying amount exceeds net realisable value, the stock is written down accordingly. Any subsequent reversal of such write downs is recognised in profit or loss in the period in which it arises.

Financial instruments

Financial instruments are classified as basic or non-basic following the conditions on FRS 102 Section 11. Basic financial instruments are initially measured at transaction price (including transaction cost) and subsequently recognised at amortised cost using the effective interest method. The company does not have any non-basic financial instruments.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Leasing commitments

Rentals payable under operating leases are charged to profit and loss on a straight line basis over the lease term, even if the payments are not made on such a basis.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions for liabilities

Provisions are recognised when the company has a present legal or constructive obligation as a result of a past event, it is probable that the company will be required to settle that obligation, and a reliable estimate can be made of the amount of the obligation.

Provisions are measured at the best estimate of the expenditure required to settle the obligation at the reporting date. Where the effect of the time value of money is material, provisions are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the liability.

The unwinding of the discount is recognised within interest payable and similar expenses.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 28 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

840,004

AMORTISATION

At 1 January 2025

420,001

Charge for year

84,000

At 31 December 2025

504,001

NET BOOK VALUE

At 31 December 2025

336,003

At 31 December 2024

420,003

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

507,707

Additions

13,060

Disposals

(2,301

)

At 31 December 2025

518,466

DEPRECIATION

At 1 January 2025

210,406

Charge for year

55,338

Eliminated on disposal

(1,978

)

At 31 December 2025

263,766

NET BOOK VALUE

At 31 December 2025

254,700

At 31 December 2024

297,301

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

Trade debtors

32,898

29,183

Other debtors

63,379

16,029

96,277

45,212

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

Trade creditors

83,362

38,119

Taxation and social security

207,822

260,064

Other creditors

66,226

52,158

357,410

350,341

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

as restated

£

Within one year

52,000

Between one and five years

151,667

208,000

203,667

260,000

10.	PROVISIONS FOR LIABILITIES

2025

2024

as restated

£

Deferred tax

7,246

23,015

Other provisions

201,198

195,338

208,444

218,353

Deferred

Other

tax

provisions

£

Balance at 1 January 2025

As previously reported

50,787

-

Prior year adjustment

(27,772

)

195,338

As restated

23,015

195,338

Unwinding of discounted amount

-

5,860

Credit to Statement of Income and Retained Earnings during year

(15,769

)

-

Balance at 31 December 2025

7,246

201,198

Other provisions relate to dilapidations provisions, which represents the present value of the estimated costs of restoring leased properties to the condition required under the terms of the respective lease agreements at the end of the lease period. The provision is expected to be utilised upon expiry of the leases.

The provision has been determined using management's estimate of the future restoration costs, discounted to present value. The actual costs incurred may differ from those estimated due to changes in the extent of required works, costs of materials and labour, and the timing of the expenditure.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of North Hill Nurseries Limited for the year ended 31 December 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of North Hill Nurseries Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of North Hill Nurseries Limited and state those matters that we have agreed to state to the Board of Directors of North Hill Nurseries Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than North Hill Nurseries Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that North Hill Nurseries Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of North Hill Nurseries Limited. You consider that North Hill Nurseries Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of North Hill Nurseries Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors which obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.

Bessler Hendrie LLP

Chartered Accountants

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

16 September 2026