REGISTERED NUMBER: 08398099 (England and Wales)

GOLDEN GROVE NURSERY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

E R Ward

Mrs J Ward

T M Ward

Mrs K Ward

REGISTERED OFFICE:

The Conifers

Golden Grove

Wigtoft

Boston

Lincolnshire

PE20 2PU

REGISTERED NUMBER:

08398099 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

5 Resolution Close

Endeavour Park

Boston

Lincolnshire

PE21 7TT

FIXED ASSETS

Tangible assets

4

670,769

750,878

CURRENT ASSETS

Stocks

80,674

110,256

Debtors

5

255,053

293,269

Cash at bank and in hand

431,325

455,027

767,052

858,552

CREDITORS

Amounts falling due within one year

6

114,796

176,011

NET CURRENT ASSETS

652,256

682,541

TOTAL ASSETS LESS CURRENT LIABILITIES

1,323,025

1,433,419

CREDITORS

Amounts falling due after more than one year

7

(689,962

)

(690,078

)

PROVISIONS FOR LIABILITIES

(58,944

)

(76,025

)

NET ASSETS

574,119

667,316

CAPITAL AND RESERVES

Called up share capital

8

10,000

10,000

Capital redemption reserve

277,900

277,900

Retained earnings

286,219

379,416

SHAREHOLDERS' FUNDS

574,119

667,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2026 and were signed on its behalf by:

E R Ward - Director

1.	STATUTORY INFORMATION

Golden Grove Nursery 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax. Sales are recognised upon despatch.

Tangible fixed assets

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

Land and buildings

-

5% on cost and no depreciation charged

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance, 10% on cost and 5% on cost

Tangible assets are valued at cost less accumulated depreciation.

Stocks

Stocks and work in progress are stated at the lower of cost and estimated selling price, less further costs expected to be incurred to completion and disposal. Provision is made for obsolete and slow moving stock.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

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 income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Government grants

Government grants that are classified as revenue grants are recognised in the income statement in the period to which they relate, with any amounts not yet recognised being shown as a liability in the statement of financial position.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2025 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

554,048

1,064,060

1,618,108

Additions

-

9,400

9,400

Disposals

-

(24,842

)

(24,842

)

At 31 March 2026

554,048

1,048,618

1,602,666

DEPRECIATION

At 1 April 2025

124,629

742,601

867,230

Charge for year

10,621

68,267

78,888

Eliminated on disposal

-

(14,221

)

(14,221

)

At 31 March 2026

135,250

796,647

931,897

NET BOOK VALUE

At 31 March 2026

418,798

251,971

670,769

At 31 March 2025

429,419

321,459

750,878

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

220,221

273,226

Other debtors

34,832

20,043

255,053

293,269

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

47,800

41,933

Taxation and social security

41,401

105,111

Other creditors

25,595

28,967

114,796

176,011

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

689,962

690,078

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Redeemable preference shares

689,614

689,614

No dividends are payable on the redeemable preference shares.

The company and each holder of redeemable preference shares have the right to redeem all or any of the redeemable preference shares upon giving notice to the company. The amount redeemable by the company or any or all of the holders of redeemable preference shares in any financial year shall be limited to an aggregate of £100,000 or such larger amount as may be agreed by the company.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

5,000

Ordinary A

£1

5,000

5,000

4,000

Ordinary B

£1

4,000

4,000

1,000

Ordinary C

£1

1,000

1,000

10,000

10,000