Registration number:
Woodthorpe Hall Garden Centres Limited
for the Year Ended 31 December 2025
Woodthorpe Hall Garden Centres Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Consolidated Profit and Loss Account |
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Consolidated Statement of Comprehensive Income |
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Consolidated Balance Sheet |
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Balance Sheet |
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Consolidated Statement of Changes in Equity |
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Statement of Changes in Equity |
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Consolidated Statement of Cash Flows |
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Notes to the Financial Statements |
Woodthorpe Hall Garden Centres Limited
Company Information
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Directors |
C E Stubbs R J Stubbs A G Stubbs |
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Company secretary |
P M Stubbs |
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Registered office |
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Auditors |
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Woodthorpe Hall Garden Centres Limited
Strategic Report for the Year Ended 31 December 2025
The Directors present their strategic report for the year ended 31 December 2025.
Principal activity
The principal activity of the Group is the operation of garden centres.
Fair review of the business
We aim to present a balanced and comprehensive review of the development and performance of the business during the year and its position at the year end. The review is consistent with the size and non-complex nature of the business and is written in the context of the risks and uncertainties that are faced.
The spring of 2025 saw particularly favourable weather conditions for garden centre sales across the industry, and this was also reflected in the performance of Woodthorpe Hall Garden Centres Limited.
The positive weather conditions benefited the existing centres, with all existing centres showing growth in turnover during the year. However, the business’ significant growth in the year came from the successful launch of eight new centres: Gosforth, Gloucester, Shinfield, Northampton, Heighley Gate, Rugby, Havant and Hayes in the spring of 2025.
The business continues its programme of investment in centres to keep improving the customer experience, while maintaining focus on the increasing costs faced by retail businesses and preserving the key metrics of gross margin percentage and profit percentage during a period of investment and transition for new centres.
Woodthorpe Hall Garden Centres Limited's key financial and other performance indicators during the year were as follows:
|
Financial KPIs |
Unit |
2025 |
2024 |
|
Turnover |
£ |
128,271,525 |
85,362,247 |
|
Gross profit margin |
% |
31 |
29 |
|
Profit before tax |
£ |
8,621,530 |
5,963,756 |
Other performance indicators such as footfall per centre and average spend per customer are monitored closely by the directors.
Woodthorpe Hall Garden Centres Limited
Strategic Report for the Year Ended 31 December 2025
Principal risks and uncertainties
The business environment in which Woodthorpe Hall Garden Centres Limited operates continues to be challenging and the principal risks and uncertainties to the business are considered to be:
Global economic uncertainty:
The global economy is presently experiencing uncertainty as countries across the world continue to deal with the current economic impact and consequences. This uncertainty has been further increased by recent events in Ukraine. Whilst these events are clearly outside the control of the Directors, they do have an impact on the trading environment for Woodthorpe Hall Garden Centres Limited, and the Directors continue to keep abreast of these events.
Weather risk:
2025 shows the potential positive impact the weather can have, but adverse weather can also affect footfall and sales of certain product lines at key trading times of the year. Woodthorpe Hall Garden Centres Limited diversifies its product offering and attractions to mitigate and spread this risk as far as possible.
Supply chain risk:
Woodthorpe Hall Garden Centres Limited maintains strong relationships with its key suppliers. Notwithstanding this, there are presently increased levels of uncertainty around supply chains generally, particularly in terms of bringing in goods from overseas, cost prices and surcharges. The Directors regularly review trading terms and monitor alternative supply options.
National wage legislation:
Woodthorpe Hall Garden Centres Limited has a substantial number of employees and payroll costs are the largest overhead. Staffing levels are monitored daily in line with other factors such as the weather and expected footfall, and staff numbers are adjusted accordingly.
Currency and Brexit risk:
Woodthorpe Hall Garden Centres Limited trades with foreign suppliers and is therefore exposed to currency fluctuations. Currency requirements are forecast and currency rates are closely monitored to manage the risk.
Interest rate risk:
In line with other businesses, Woodthorpe Hall Garden Centres Limited is exposed to interest rate increases and continues to review interest rate mitigation options to manage the risk posed by increased rates.
Woodthorpe Hall Garden Centres Limited
Strategic Report for the Year Ended 31 December 2025
Section 172(1) statement
The Directors, in line with their duties under section 172 of the Companies Act 2006, are constantly considering the most likely approach to promote the success of the company for the benefit of its shareholders, and in doing so have regard to a range of matters when making decisions for the long term. Key decisions and matters of strategic importance to the company are appropriately informed by section 172 factors, including:
• the likely consequences of any decisions in the long term;
• the interests of the company’s employees;
• the need to foster the company’s business relationships with suppliers, customers and others;
• the impact of the company’s operations of the community and environment;
• the desirability of the company maintaining a reputation for high standards of business conduct; and
• the need to act fairly between members of the company.
Through an open and transparent dialogue with key stakeholders, the directors have been able to develop a clear understanding of their needs, assess their perspectives and monitor their impact on the strategic ambition and culture.
As part of management’s decision-making process, the potential impact of decisions on relevant stakeholders are considered, whilst having regard to a number of broader factors, including the impact of the company’s operations on the community and environment, responsible business practices and the likely consequences of decisions in the long term.
Engagement with employees
Engagement with employees is displayed within the Directors' Report under Employee involvement.
Engagement with suppliers
The Directors recognise that relationships with suppliers are important to Woodthorpe Hall Garden Centre Limited's long term success and is briefed on supplier feedback and issues on a regular basis. The Directors seek to balance the benefit of maintaining these strong relationships along with the need to obtain value for money for the shareholders and desired quality for customers. In all key decisions made by the Directors, the working relationship with suppliers is a key factor with well-developed supply chains in place.
Engagement with customers
The success of the business is underpinned by providing excellent customer services and understanding their needs and requirements. A core principle of the business is to be customer centric and provide a high level of service through the expert knowledge of our employees and ensuring quality products. Woodthorpe Hall Garden Centre Limited's approach to fostering good relationships with customers can be seen through the large footfall of customers, continued return visits and the engagement with customers to offer a first-class retail and leisure experience. This continues to be supported in 2025 by the customer loyalty scheme.
Engagement with communities
The Directors support initiatives to reduce adverse impacts on the environment and engage with the communities in which the company operates. Key areas of focus include how the company can support local causes and issues, create opportunities to recruit and develop local people, and help to look after the environment.
Engagement with Governance and regulations
Woodthorpe Hall Garden Centre Limited engages with government and regulators through a range of industry consultations, forums, and meetings to communicate views to policymakers relevant to the business. Key areas of focus are compliance with laws and regulations, health and safety and product safety. The Directors are updated on legal and regulatory developments and take these into account when considering future actions.
Engagement with investors
Woodthorpe Hall Garden Centre Limited relies on our shareholders and providers of debt funding as essential sources of capital to further the business objectives. Investor involvement in the decision-making process is done through regular consultation.
The company has open dialogue with investors through regular meetings which cover a wide range of topics including financial performance, strategy, outlook and governance
Woodthorpe Hall Garden Centres Limited
Strategic Report for the Year Ended 31 December 2025
Approved and authorised by the
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Woodthorpe Hall Garden Centres Limited
Directors' Report for the Year Ended 31 December 2025
The Directors present their report and the for the year ended 31 December 2025.
Directors of the Group
The Directors who held office during the year were as follows:
Financial instruments
Objectives and policies
The overall objective of the directors is to ensure that the business is profitable and stable and will continue to be
successful for the benefit of the shareholders and employees.
Price risk, credit risk, liquidity risk and cash flow risk
The business' principle financial instruments comprise bank balances, bank overdrafts, trade debtors, trade creditors and loans. The main purpose of these instruments is to finance the business' operations.
In respect of bank balances, the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of overdrafts at floating rates of interest.
Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. The amounts presented in the balance sheet are net of allowances for doubtful debtors.
Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due. The business funds some fixed asset acquisitions by bank loan agreements. The liquidity risk in respect of these is managed by ensuring that there are sufficient funds to meet the payments.
Streamlined energy and carbon reporting
During the year the Company's total annual consumption of energy was 15,242 MWh. This was calculated using utility bills, The Carbon Trust Energy and Carbon Conversion Guidance and represents 3,434 tC02e of greenhouse gas emissions. The reporting includes all material emission sources required by the regulations for which we deem ourselves to be responsible and have maintained adequate records of calculations completed. The Company engages 2,085 members of staff equating to 1.64 tC02e per staff member.
The company is committed to improving energy efficiency and has undertaken a programme to introduce energy efficient light bulbs across all centres and has commenced a programme to introduce more efficient cooking methods across all kitchens.
In addition, the company is investigating the installation at centres of recycling equipment, solar panels, and air source heat pumps and the introduction of electric vehicles.
Employment of disabled persons
The company's policy is to recruit disabled workers for those vacancies that they are able to fill. All necessary
assistance with initial training courses is given. Once employed, a career plan is developed so as to ensure suitable
opportunities for each disabled person. Arrangements are made, wherever possible, for retraining employees who
become disabled, to enable them to perform work identified as appropriate to their abilities.
Woodthorpe Hall Garden Centres Limited
Directors' Report for the Year Ended 31 December 2025
Employee involvement
The company's policy is to consult and discuss with employees, through staff councils and at meetings,
matters likely to affect employees' interests.
Information of matters of concern to employees is given through information bulletins and reports which seek to
achieve a common awareness on the part of all employees of the financial and economic factors affecting the
company's performance.
Future developments
Plans are in place to continue a programme of refurbishing and developing many of the centres acquired in recent years to enhance the offering to customers and further cement the Company’s reputation as a key operator in the industry. Additionally, the Directors continue to assess further possible acquisition opportunities.
Important non adjusting events after the financial period
After the year end the group acquired the following companies, which were all share purchases, with the trade being hived up into Woodthorpe Hall Garden Centres Limited;
- Millbrook Garden Centres Limited
- Ferndale Nurseries Limited
- Stamen Limited
- Alton Garden Centres Limited
- Hayes Gardenworld Limited
Further details of these non-adjusting events are included in note 30 to the financial statements.
Disclosure of information to the auditor
Each Director has taken steps that they ought to have taken as a Director in order to make themselves aware of any relevant audit information and to establish that the Company's auditor is aware of that information. The Directors confirm that there is no relevant information that they know of and of which they know the auditor is unaware.
Reappointment of auditors
In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of Forrester Boyd Limited as auditors of the company is to be proposed at the forthcoming Annual General Meeting.
Approved and authorised by the
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Woodthorpe Hall Garden Centres Limited
Statement of Directors' Responsibilities
The Directors acknowledge their responsibilities for preparing the Annual 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 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 Group and the Company and of the profit or loss of the Group for that period. In preparing these financial statements, the Directors are required to:
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• |
select suitable accounting policies and apply them consistently; |
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• |
make judgements and accounting estimates that are reasonable and prudent; |
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• |
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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• |
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 Group's and the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Company 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 Group and the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Woodthorpe Hall Garden Centres Limited
Independent Auditor's Report to the Members of Woodthorpe Hall Garden Centres Limited
Opinion
We have audited the financial statements of Woodthorpe Hall Garden Centres Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 31 December 2025, which comprise the Consolidated Profit and Loss Account, Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Changes in Equity, Statement of Changes in Equity, Consolidated Statement of Cash Flows, and Notes to the Financial Statements, 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, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the Group's and the parent Company's affairs as at 31 December 2025 and of the Group's 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. |
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 responsibilities for the audit of the financial statements section of our report. We are independent of the Group 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 Director's 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's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were 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 Directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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• |
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 |
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• |
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Woodthorpe Hall Garden Centres Limited
Independent Auditor's Report to the Members of Woodthorpe Hall Garden Centres Limited
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept by the parent Company, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the parent Company financial statements are not in agreement with the accounting records and 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 Statement of Directors' Responsibilities [set out on page 8], 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 Group's and the Parent 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 Group or the Parent Company or to cease operations, or have no realistic alternative but to do so.
Auditor 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:
- testing management override controls including journal testing and review accounting estimates for reasonableness
- enquiries of management of actual and potential litigation claims
- enquiries of management including fraud and associated risks
- discussions with management, including consideration of known or suspected instances of non-compliance
- testing focussing on the area of the financial statements most suspectible to material error including completeness of income to ensure correct matching of revenue and costs.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from events and transactions reflected in the financial statements, as we will be less likely to become awares of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the Group’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 Group’s members those matters 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 Group and the Group’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Woodthorpe Hall Garden Centres Limited
Independent Auditor's Report to the Members of Woodthorpe Hall Garden Centres Limited
......................................
For and on behalf of
139 Eastgate
Louth
Lincolnshire
LN11 9QQ
Woodthorpe Hall Garden Centres Limited
Consolidated Profit and Loss Account for the Year Ended 31 December 2025
|
Note |
2025 |
2024 |
|
|
Turnover |
|
|
|
|
Cost of sales |
( |
( |
|
|
Gross profit |
|
|
|
|
Administrative expenses |
( |
( |
|
|
Other operating income |
|
|
|
|
Operating profit |
|
|
|
|
Other interest receivable and similar income |
|
|
|
|
Interest payable and similar expenses |
( |
( |
|
|
(2,190,920) |
(1,982,627) |
||
|
Profit before tax |
|
|
|
|
Tax on profit |
( |
( |
|
|
Profit for the financial year |
|
|
|
|
Profit/(loss) attributable to: |
|||
|
Owners of the Company |
|
|
A profit and loss account for the individual company is not included in these financial statements.
Woodthorpe Hall Garden Centres Limited
Consolidated Statement of Comprehensive Income for the Year Ended 31 December 2025
|
2025 |
2024 |
|
|
Profit for the year |
|
|
|
Surplus on property, plant and equipment revaluation |
|
|
|
Total comprehensive income for the year |
|
|
|
Total comprehensive income attributable to: |
||
|
Owners of the Company |
|
|
Woodthorpe Hall Garden Centres Limited
(Registration number: 04349805)
Consolidated Balance Sheet as at 31 December 2025
|
Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Intangible assets |
|
|
|
|
Tangible assets |
|
|
|
|
|
|
||
|
Current assets |
|||
|
Stocks |
|
|
|
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
1,000 |
1,000 |
|
|
Revaluation reserve |
31,132,364 |
22,920,632 |
|
|
Retained earnings |
51,221,143 |
44,835,489 |
|
|
Equity attributable to owners of the company |
82,354,507 |
67,757,121 |
|
|
Shareholders' funds |
82,354,507 |
67,757,121 |
Approved and authorised by the
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Woodthorpe Hall Garden Centres Limited
(Registration number: 04349805)
Balance Sheet as at 31 December 2025
|
Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Intangible assets |
|
|
|
|
Tangible assets |
|
|
|
|
Investments |
|
|
|
|
|
|
||
|
Current assets |
|||
|
Stocks |
|
|
|
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
1,000 |
1,000 |
|
|
Revaluation reserve |
30,355,297 |
20,745,561 |
|
|
Retained earnings |
47,761,141 |
41,893,399 |
|
|
Shareholders' funds |
78,117,438 |
62,639,960 |
No separate holding company income statement has been prepared in line with section 408 of the Companies Act 2006. The company made a profit after tax for the financial year of £5,867,742 (2024 - profit of £4,497,728).
Approved and authorised by the
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Woodthorpe Hall Garden Centres Limited
Consolidated Statement of Changes in Equity for the Year Ended 31 December 2025
Equity attributable to the parent company
|
Share capital |
Revaluation reserve |
Retained earnings |
Total |
Total equity |
|
|
At 1 January 2025 |
|
|
|
|
|
|
Profit for the year |
- |
- |
|
|
|
|
Other comprehensive income |
- |
|
|
|
|
|
Total comprehensive income |
- |
|
|
|
|
|
At 31 December 2025 |
|
|
|
|
|
|
Share capital |
Revaluation reserve |
Retained earnings |
Total |
Total equity |
|
|
At 1 January 2024 |
|
|
|
|
|
|
Profit for the year |
- |
- |
|
|
|
|
Other comprehensive income |
- |
|
- |
|
|
|
Total comprehensive income |
- |
|
|
|
|
|
At 31 December 2024 |
1,000 |
22,920,632 |
44,835,489 |
67,757,121 |
67,757,121 |
Woodthorpe Hall Garden Centres Limited
Statement of Changes in Equity for the Year Ended 31 December 2025
|
Share capital |
Revaluation reserve |
Retained earnings |
Total |
|
|
At 1 January 2025 |
|
|
|
|
|
Profit for the year |
- |
- |
|
|
|
Other comprehensive income |
- |
|
- |
|
|
Total comprehensive income |
- |
|
|
|
|
At 31 December 2025 |
|
|
|
|
|
Share capital |
Revaluation reserve |
Retained earnings |
Total |
|
|
At 1 January 2024 |
|
|
|
|
|
Profit for the year |
- |
- |
|
|
|
Other comprehensive income |
- |
|
- |
|
|
Total comprehensive income |
- |
|
|
|
|
At 31 December 2024 |
1,000 |
20,745,561 |
41,893,399 |
62,639,960 |
Woodthorpe Hall Garden Centres Limited
Consolidated Statement of Cash Flows for the Year Ended 31 December 2025
|
Note |
2025 |
2024 |
|
|
Cash flows from operating activities |
|||
|
Profit for the year |
|
|
|
|
Adjustments to cash flows from non-cash items |
|||
|
Depreciation and amortisation |
|
|
|
|
Loss/(profit) on disposal of tangible assets |
|
( |
|
|
Finance income |
( |
( |
|
|
Finance costs |
|
|
|
|
Income tax expense |
|
|
|
|
|
|
||
|
Working capital adjustments |
|||
|
Increase in stocks |
( |
( |
|
|
Increase in trade debtors |
( |
( |
|
|
Increase in trade creditors |
|
|
|
|
Cash generated from operations |
|
|
|
|
Income taxes paid |
( |
( |
|
|
Net cash flow from operating activities |
|
|
|
|
Cash flows from investing activities |
|||
|
Interest received |
|
|
|
|
Acquisitions of tangible assets |
( |
( |
|
|
Proceeds from sale of tangible assets |
|
|
|
|
Acquisition of intangible assets |
( |
( |
|
|
Net cash flows from investing activities |
( |
( |
|
|
Cash flows from financing activities |
|||
|
Interest paid |
( |
( |
|
|
Proceeds from bank borrowing draw downs |
|
|
|
|
Repayment of bank borrowing |
( |
( |
|
|
Repayment of other borrowing |
( |
( |
|
|
Payments to finance lease creditors |
( |
( |
|
|
Net cash flows from financing activities |
( |
|
|
|
Net increase/(decrease) in cash and cash equivalents |
|
( |
|
|
Cash and cash equivalents at 1 January |
( |
( |
|
|
Cash and cash equivalents at 31 December |
2,093,266 |
(2,066,494) |
|
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
General information |
The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 04349805.
The address of its registered office is:
These financial statements were authorised for issue by the
These financial statements cover the group comprising Woodthorpe Hall Garden Centres Limited and Woodthorpe Leisure Park Limited.
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in sterling which is the functional currency of the company and have been rounded to the nearest pound.
Summary of disclosure exemptions
The Parent Company has taken advantage of the reduced disclosure exemption from preparing a cash flow statement as described in section 1.12 of FRS 102.
Basis of consolidation
The consolidated financial statements consolidate the financial statements of the Company and its subsidiary undertakings drawn up to 31 December 2025.
No Profit and Loss Account is presented for the Company as permitted by section 408 of the Companies Act 2006. The company made a profit after tax for the financial year of £5,867,742 (2024 - profit of £4,497,728).
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
A subsidiary is an entity controlled by the Company. Control is achieved where the Company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the Group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.
Inter-company transactions, balances and unrealised gains on transactions between the Company and its subsidiaries, which are related parties, are eliminated in full.
Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.
Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the Group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.
Judgements
The Directors have made a number of judgements in applying the company's accounting policies, the most significant of which is in relation to the valuation of year end stocks. The company holds a considerable amount of stock which is held at the lower of cost and net realisable value. The net realisable value of the stock is impacted by a number of factors including the condition of the stock and general economic factors outside of the Directors' control. The calculation of net realisable value of individual stock lines is closely controlled by the Directors' and involves significant judgements made utilising the years of experience and knowledge of the industry held. |
Key sources of estimation uncertainty
There is a degree of estimation uncertainty exercised in the net realisable value of the year end stocks. These are discussed in the judgements accounting policy above.
Other areas within the financial statements that are affected by estimation uncertainity are debtor recoverability and the valuation of fixed assets. These estimates are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods, provision of services and rental income in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the group operates and generates taxable income.
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.
Tangible assets
Tangible assets are stated in the statement of financial position at cost or valuation, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Freehold land and buildings are measured at fair value at each reporting date with changes in fair value recognised in the revaluation reserve. The fair value is based on the estimated open market value.
Depreciation
It is the policy of the company to maintain its buildings so that the value of these is not affected by the passage of time, and the directors are of the opinion that to depreciate the buildings would not have a material effect upon the accounts. Depreciation is provided on tangible fixed assets, other than land and buildings, so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
|
Asset class |
Depreciation method and rate |
|
Land and buildings freehold |
No depreciation charged |
|
Land and buildings leasehold |
Depreciation charged over the lease term |
|
Tenant's improvements |
5%, 3.45%, 6.17%, 10% and 11.1% on a straight line basis |
|
Plant and machinery |
15% on a reducing balance basis |
|
Motor vehicles |
25% on a reducing balance basis |
|
Office equipment |
25% on a reducing balance basis |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Group’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
|
Asset class |
Amortisation method and rate |
|
Goodwill |
10%, 20% and 5% on a straight line basis |
Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
The cost of finished goods comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
|
Turnover |
The analysis of the Group's Turnover for the year from continuing operations is as follows:
|
2025 |
2024 |
|
|
Sale of goods |
|
|
|
Rendering of services |
|
|
|
Rental income |
|
|
|
Commissions received |
|
|
|
|
|
|
Other operating income |
The analysis of the Group's other operating income for the year is as follows:
|
2025 |
2024 |
|
|
Miscellaneous other operating income |
|
|
|
Management charges receivable |
1,000,000 |
933,577 |
|
|
|
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Amortisation expense |
|
|
|
Operating lease expense - property |
|
|
|
Operating lease expense - plant and machinery |
|
|
|
Loss/(profit) on disposal of property, plant and equipment |
|
( |
|
Other interest receivable and similar income |
|
2025 |
2024 |
|
|
Interest income on bank deposits |
|
|
|
Other finance income |
|
- |
|
|
|
|
Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest on bank overdrafts and borrowings |
|
|
|
Interest on obligations under finance leases and hire purchase contracts |
|
|
|
Interest expense on other finance liabilities |
- |
|
|
Foreign exchange gains/(losses) |
|
( |
|
|
|
|
Staff costs |
The aggregate payroll costs (including Directors' remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
Other employee expense |
|
|
|
|
|
The average number of persons employed by the Group (including Directors) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Administration and support |
|
|
|
Sales |
|
|
|
|
|
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Directors' remuneration |
The Directors' remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase schemes |
|
- |
|
102,249 |
77,501 |
During the year the number of Directors who were receiving benefits and share incentives was as follows:
|
2025 |
2024 |
|
|
Accruing benefits under money purchase pension scheme |
|
|
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of these financial statements |
75,000 |
40,290 |
|
Other fees to auditors |
||
|
All other non-audit services |
|
|
|
Taxation |
Tax charged/(credited) in the consolidated profit and loss account
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
|
( |
|
Tax expense in the income statement |
|
|
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2024 - lower than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
2024 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Tax increase from effect of capital allowances and depreciation |
|
|
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
|
|
Tax increase from transfer pricing adjustments |
- |
|
|
Tax increase from effect of indexation allowance on capital gains |
|
- |
|
Further item of tax increase/(decrease) |
|
( |
|
Total tax charge |
|
|
Deferred tax
Group
Deferred tax assets and liabilities
|
2025 |
Liability |
|
Difference between accumulated depreciation and capital allowances |
|
|
Pension creditor |
( |
|
Revaluation of freehold property |
|
|
Tax losses |
( |
|
|
|
2024 |
Liability |
|
Difference between accumulated depreciation and capital allowances |
|
|
Pension creditor |
( |
|
Revaluation of freehold property |
|
|
Tax losses |
( |
|
|
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Company
Deferred tax assets and liabilities
|
2025 |
Liability |
|
Difference between accumulated depreciation and capital allowances |
|
|
Pension creditor |
( |
|
Revaluation of freehold property |
|
|
Tax losses |
( |
|
|
|
2024 |
Liability |
|
Difference between accumulated depreciation and capital allowances |
|
|
Pension creditor |
( |
|
Revaluation of freehold property |
|
|
Tax losses |
( |
|
|
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Intangible assets |
Group
|
Goodwill |
Other intangible assets |
Total |
|
|
Cost or valuation |
|||
|
At 1 January 2025 |
|
- |
|
|
Additions acquired separately |
|
|
|
|
Disposals |
( |
- |
( |
|
At 31 December 2025 |
|
|
|
|
Amortisation |
|||
|
At 1 January 2025 |
|
- |
|
|
Amortisation charge |
|
|
|
|
Amortisation eliminated on disposals |
( |
- |
( |
|
At 31 December 2025 |
|
|
|
|
Carrying amount |
|||
|
At 31 December 2025 |
|
|
|
|
At 31 December 2024 |
|
- |
|
Company
|
Goodwill |
Total |
|
|
Cost or valuation |
||
|
At 1 January 2025 |
|
|
|
Additions acquired separately |
|
|
|
At 31 December 2025 |
|
|
|
Amortisation |
||
|
At 1 January 2025 |
|
|
|
Amortisation charge |
|
|
|
At 31 December 2025 |
|
|
|
Carrying amount |
||
|
At 31 December 2025 |
|
|
|
At 31 December 2024 |
|
|
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Tangible assets |
Group
|
Freehold land and buildings |
Long leasehold land and buildings |
Office equipment |
Plant and machinery |
Motor vehicles |
Total |
|
|
Cost or valuation |
||||||
|
At 1 January 2025 |
|
|
|
|
|
|
|
Revaluations |
|
- |
- |
- |
- |
|
|
Additions |
|
|
|
|
|
|
|
Disposals |
( |
- |
- |
( |
( |
( |
|
At 31 December 2025 |
|
|
|
|
|
|
|
Depreciation |
||||||
|
At 1 January 2025 |
- |
|
|
|
|
|
|
Charge for the year |
- |
|
|
|
|
|
|
Eliminated on disposal |
- |
- |
- |
( |
( |
( |
|
At 31 December 2025 |
- |
|
|
|
|
|
|
Carrying amount |
||||||
|
At 31 December 2025 |
|
|
|
|
|
|
|
At 31 December 2024 |
|
|
|
|
|
|
Revaluation
The fair value of the Group's freehold land and buildings was revalued on 1 June 2026 and 28 July 2026 by an independent valuer. The land and buildings were valued by Knight Frank LLP at £95,139,500 using an open market valuation method.
The class of assets has a current value of £95,139,500 (2024: £83,291,311).
Had this class of asset been measured on a historical cost basis, their historical cost would have been £55,827,524 (£55,006,823). The depreciation on this historical cost is £346,108 (2024 - £380,388). The historical carrying amount would have been £55,481,416 (2024 - £54,626,435).
Assets held under finance leases and hire purchase contracts
The net carrying amount of tangible assets includes the following amounts in respect of assets held under finance leases and hire purchase contracts:
|
2025 |
2024 |
|
|
Motor vehicles |
- |
17,718 |
|
Plant and machinery |
483,727 |
375,763 |
|
483,727 |
393,481 |
Restriction on title and pledged as security
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Company
|
Freehold land and buildings |
Long leasehold land and buildings |
Office equipment |
Plant and machinery |
Motor vehicles |
Total |
|
|
Cost or valuation |
||||||
|
At 1 January 2025 |
|
|
|
|
|
|
|
Revaluations |
|
- |
- |
- |
- |
|
|
Additions |
|
|
|
|
|
|
|
Disposals |
- |
- |
- |
( |
( |
( |
|
At 31 December 2025 |
|
|
|
|
|
|
|
Depreciation |
||||||
|
At 1 January 2025 |
- |
|
|
|
|
|
|
Charge for the year |
- |
|
|
|
|
|
|
Eliminated on disposal |
- |
- |
- |
( |
( |
( |
|
At 31 December 2025 |
- |
|
|
|
|
|
|
Carrying amount |
||||||
|
At 31 December 2025 |
|
|
|
|
|
|
|
At 31 December 2024 |
|
|
|
|
|
|
Revaluation
The fair value of the Company's land and buildings was revalued on 1 June 2026 by an independent valuer. The land and buildings were valued by Knight Frank LLP at £87,055,000 using an open market valuation method.
The class of assets has a current value of £87,055,000 (2024: £72,428,019).
Had this class of asset been measured on a historical cost basis, their historical cost would have been £48,158,471 (2024 - £46,344,475). The depreciation on this historical cost is £nil (2024 - £nil). The historical carrying amount at 31 December 2025 was £48,158,471 (2024 - £46,344,475).
Assets held under finance leases and hire purchase contracts
The net carrying amount of tangible assets includes the following amounts in respect of assets held under finance leases and hire purchase contracts:
|
2025 |
2024 |
|
|
Motor vehicles |
- |
17,718 |
|
Plant and machinery |
429,379 |
337,758 |
|
429,379 |
355,476 |
Restriction on title and pledged as security
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Investments |
Company
|
2025 |
2024 |
|
|
Investments in subsidiaries |
|
|
|
Subsidiaries |
£ |
|
Cost or valuation |
|
|
At 1 January 2025 |
|
|
Carrying amount |
|
|
At 31 December 2025 |
|
|
At 31 December 2024 |
|
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the Company holds 20% or more of the nominal value of any class of share capital are as follows:
|
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
2025 |
2024 |
|||
|
Subsidiary undertakings |
||||
|
|
Woodthorpe Hall Garden Centre
United Kingdom |
|
|
|
|
|
Woodthorpe Hall Garden Centre
United Kingdom |
|
|
|
|
|
Woodthorpe Hall Garden Centre
United Kingdom |
|
|
|
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Subsidiary undertakings |
|
Woodthorpe Leisure Park Limited The principal activity of Woodthorpe Leisure Park Limited is |
|
Westvale Holdings Limited The principal activity of Westvale Holdings Limited is |
|
Langland Nurseries Limited The principal activity of Langland Nurseries Limited is |
|
Stocks |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Finished goods |
|
|
|
|
|
Debtors |
|
Group |
Company |
||||
|
Note |
2025 |
2024 |
2025 |
2024 |
|
|
Trade debtors |
|
|
|
|
|
|
Amounts owed by related parties |
- |
- |
|
|
|
|
Other debtors |
|
|
|
|
|
|
Prepayments |
|
|
|
|
|
|
|
|
|
|
||
Details of non-current trade and other debtors
Company
£312,374 (2024 - £338,405) of prepayments is classified as non current.
|
Cash and cash equivalents |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Cash on hand |
|
|
|
|
|
Cash at bank |
|
|
|
|
|
|
|
|
|
|
|
Bank overdrafts |
( |
( |
( |
( |
|
Cash and cash equivalents in statement of cash flows |
2,093,266 |
(2,066,494) |
1,397,980 |
(2,510,889) |
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Creditors |
|
Group |
Company |
||||
|
Note |
2025 |
2024 |
2025 |
2024 |
|
|
Due within one year |
|||||
|
Bank loans and overdraft |
|
|
|
|
|
|
Trade creditors |
|
|
|
|
|
|
Social security and other taxes |
|
|
|
|
|
|
Outstanding defined contribution pension costs |
|
|
|
|
|
|
Other payables |
|
|
|
|
|
|
Accruals |
|
|
|
|
|
|
Corporation tax liability |
1,490,849 |
829,097 |
1,489,279 |
829,097 |
|
|
|
|
|
|
||
|
Due after one year |
|||||
|
Loans and borrowings |
|
|
|
|
|
Secured creditors
Group
Creditors amounts falling due within one year on which security has been given by the group includes bank loans of £2,704,698 (2024 - £2,156,985), bank overdrafts of £192,713 (2024 - £3,460,053) and hire purchase of £167,116 (2024 - £124,566).
Creditors amounts falling due after one year on which security has been given by the group includes bank loans of £24,735,387 (2024 - £24,652,325) and hire purchase of £247,026 (2024 - £190,276).
Company
Creditors amounts falling due within one year on which security has been given includes bank loans of £2,512,975 (2024 - £1,980,772), bank overdrafts of £192,713 (2024 - £3,460,053) and hire purchase of £137,021 (2024 - £115,341).
Creditors amounts falling due after one year on which security has been given includes bank loans of £23,215,404 (2024 - £22,936,535) and hire purchase of £171,520 (2024 - £170,947).
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Loans and borrowings |
Non-current loans and borrowings
|
Group |
Company |
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|
2025 |
2024 |
2025 |
2024 |
|
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Bank borrowings |
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Finance lease liabilities |
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Other borrowings |
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Current loans and borrowings
|
Group |
Company |
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|
2025 |
2024 |
2025 |
2024 |
|
|
Bank borrowings |
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|
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Bank overdrafts |
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Finance lease liabilities |
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Other borrowings |
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Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Group
Bank borrowings
|
The monthly repayments are £24,710. |
|
The quarterly repayments are £379,808. |
|
The quarterly repayments are £115,385. |
|
The monthly repayments are £58,155.81. |
The bank loans and overdraft are secured by charges over Irton Garden Centre, Spring Garden Centre, Horncastle Garden Centre, 21 Pingley Park, 23 Pingley Park, 25 Pingley Park, Brigg, Woodthorpe Hall Leisure Park, Carr Gate Garden Centre, Leyland Garden Centre, Bold Heath Garden Centre, land at East Durham Garden Centre, Arcadia Garden Centre, Bridgnorth Garden Centre, Hemel Hempstead Garden Centre, Louth Garden Centre, Tarporley Garden Centre, Wolseley Bridge Garden Centre, Albrighton Garden Centre, Bressingham Garden Centre, Langlands Garden Centre, Sheffield Garden Centre, Leeds Garden Centre, Brigg Garden Centre and Woodthorpe Hall Garden Centre.
Woodthorpe Hall Garden Centre and Brigg Garden Centre are owned personally by C E Stubbs and R J Stubbs, the directors of the company.
Debenture comprising fixed and floating charges over all assets and undertaking of Woodthorpe Hall Garden Centres Limited including all present and future freehold and leasehold property, book and other debts, chattels, goodwill and uncalled capital, both present and future and share charge over the shares of Woodthorpe Leisure Park Limited.
Debenture comprising fixed and floating charges over all assets and undertaking of Woodthorpe Hall Garden Centres Limited including all present and future freehold and leasehold property, book and other debts, chattels, goodwill and uncalled capital, both present and future.
Unlimited Composite Company Guarantee given by Woodthorpe Leisure Park Limited and Woodthorpe Hall Garden Centres Limited to secure all liabilities of each other.
Mortgage of Life Policy in favour of Woodthorpe Leisure Park Limited in relation to C E Stubbs and R J Stubbs for £3,500,000.
Included in the loans and borrowings are the following amounts due after more than five years:
|
2025 |
2024 |
|
|
After more than five years by instalments |
|
|
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Company
Bank borrowings
|
The quarterly repayments are £379,808. |
|
The quarterly repayments are £115,385. |
|
The monthly repayments are £58,155.81. |
The bank loans and overdraft are secured by charges over Irton Garden Centre, Spring Garden Centre, Horncastle Garden Centre, 21 Pingley Park, 23 Pingley Park, 25 Pingley Park, Brigg, Woodthorpe Hall Leisure Park, Carr Gate Garden Centre, Leyland Garden Centre, Bold Heath Garden Centre, land at East Durham Garden Centre, Arcadia Garden Centre, Bridgnorth Garden Centre, Hemel Hempstead Garden Centre, Louth Garden Centre, Tarporley Garden Centre, Wolseley Bridge Garden Centre, Albrighton Garden Centre, Bressingham Garden Centre, Langlands Garden Centre, Sheffield Garden Centre, Leeds Garden Centre, Brigg Garden Centre and Woodthorpe Hall Garden Centre. Woodthorpe Hall Garden Centre and Brigg Garden Centre are owned personally by C E Stubbs and R J Stubbs, the directors of the company.
Debenture comprising fixed and floating charges over all assets and undertaking of Woodthorpe Hall Garden Centres Limited including all present and future freehold and leasehold property, book and other debts, chattels, goodwill and uncalled capital, both present and future and share charge over the shares of Woodthorpe Leisure Park Limited.
Debenture comprising fixed and floating charges over all assets and undertaking of Woodthorpe Hall Garden Centres Limited including all present and future freehold and leasehold property, book and other debts, chattels, goodwill and uncalled capital, both present and future.
Unlimited Composite Company Guarantee given by Woodthorpe Leisure Park Limited and Woodthorpe Hall Garden Centres Limited to secure all liabilities of each other.
Mortgage of Life Policy in favour of Woodthorpe Leisure Park Limited in relation to C E Stubbs and R J Stubbs for £3,500,000.
Included in the loans and borrowings are the following amounts due after more than five years:
|
2025 |
2024 |
|
|
After more than five years by instalments |
|
|
|
- |
- |
|
Provisions for liabilities |
Group
|
Deferred tax |
Total |
|
|
At 1 January 2025 |
|
|
|
Increase (decrease) in existing provisions |
|
|
|
At 31 December 2025 |
|
|
|
|
||
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Company
|
Deferred tax |
Total |
|
|
At 1 January 2025 |
|
|
|
Increase (decrease) in existing provisions |
|
|
|
At 31 December 2025 |
|
|
|
|
||
|
Pension and other schemes |
Defined contribution pension scheme
The Group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the Group to the scheme and amounted to £
Contributions totalling £
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
1,000 |
|
1,000 |
Rights, preferences and restrictions
|
Ordinary shares have the following rights, preferences and restrictions: |
|
Reserves |
Group
Called up share capital
Called up share capital comprises of the value of issued share capital at par.
Revaluation reserve
Amounts included within the other reserves are previous revaluations of tangible fixed assets less deferred tax recognised on these revaluations.
Retained earnings
Cumulative profit and loss net of distribution to owners.
Company
Called up share capital
Called up share capital comprises of the value of issued share capital at par.
Revaluation reserve
Amounts included within the other reserves are previous revaluations of tangible fixed assets less deferred tax recognised on these revaluations.
Retained earnings
Cumulative profit and loss net of distribution to owners.
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Obligations under leases and hire purchase contracts |
Group
Finance leases
Certain motor vehicles are held under finance lease arrangements. Finance lease liabilities are secured on the related assets held under finance leases. The lease agreement generally include fixed lease payments and a purchase option at the end of the lease term.
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
Later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
Operating leases - lessor
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
Later than five years |
|
|
|
|
|
The lease payments received above relate to rental income received for garden centre floor space.
Company
Finance leases
Certain motor vehicles are held under finance lease arrangements. Finance lease liabilities are secured on the related assets held under finance leases. The lease agreement generally include fixed lease payments and a purchase option at the end of the lease term.
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
Later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
Operating leases - lessor
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
Later than five years |
|
|
|
|
|
The lease payments received above relate to rental income received for garden centre floor space.
|
Commitments |
Group
Capital commitments
The total amount contracted for but not provided in the financial statements was £
Company
Capital commitments
The total amount contracted for but not provided in the financial statements was £
|
Contingent liabilities |
Company
Unlimited Composite Company Guarantee secured by company's assets given by Woodthorpe Leisure Park Limited and Woodthorpe Hall Garden Centres Limited to secure all liabilities of each other. Given the company's current trading position and strength it is not expected that this will be required.
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Analysis of changes in net debt |
Group
|
At 1 January 2025 |
Financing cash flows |
New finance leases |
At 31 December 2025 |
|
|
Cash and cash equivalents |
||||
|
Cash |
1,393,559 |
892,420 |
- |
2,285,979 |
|
Overdrafts |
(3,460,053) |
3,267,340 |
- |
(192,713) |
|
(2,066,494) |
4,159,760 |
- |
2,093,266 |
|
|
Borrowings |
||||
|
Long term borrowings |
(24,239,825) |
(233,062) |
- |
(24,472,887) |
|
Short term borrowings |
(2,156,985) |
(547,713) |
- |
(2,704,698) |
|
Lease liabilities |
(314,841) |
164,349 |
(263,650) |
(414,142) |
|
Other borrowings |
(849,327) |
80,009 |
- |
(769,318) |
|
(27,560,978) |
(536,417) |
(263,650) |
(28,361,045) |
|
|
|
||||
|
( |
|
( |
( |
|
|
Related party transactions |
Group
The group has taken advantage of the exemption in relation to the section 33 of FRS 102 'Related Party Disclosures' from disclosing transactions with other members of the group in which any subsidiary which is a party to the transaction is wholly owned by the group.
Company
Key management compensation
|
2025 |
2024 |
|
|
Salaries and other short term employee benefits |
|
|
Summary of transactions with other related parties
The amounts receivable from related parties are unsecured, no interest is charged and there are no repayment terms.
Income and receivables from related parties
|
2025 |
Other related parties |
|
Receipt of services |
|
|
Amounts receivable from related party |
|
|
|
|
|
2024 |
Other related parties |
|
Receipt of services |
|
|
Amounts receivable from related party |
|
|
|
|
Woodthorpe Hall Garden Centres Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Expenditure with and payables to related parties
|
2025 |
Key management |
Other related parties |
|
Leases |
|
|
|
|
||
|
2024 |
Key management |
Other related parties |
|
Leases |
|
|
|
|
||
|
Parent and ultimate parent undertaking |
The ultimate controlling party is
|
Non adjusting events after the financial period |
|
|