Greenhouse PR Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

The company is a private company, limited by share capital, incorporated in England & Wales, registered number 05055089 .

The address of the registered office is 3rd Floor, Unit 32 St Thomas Court, Thomas Lane, Bristol, BS1 6JG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The principal accounting policies applied in the preparation of these financial statements are set out below and have been consistently applied to all the years presented, unless otherwise stated.

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

2.2. Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, other sales taxes, rebates and discounts.

When providing services turnover is usually recognised on completion of the service and for monthly engagements it is recognised by reference to stage of completion at the Balance Sheet date.

2.3. Tangible Fixed Assets and Depreciation

Tangible assets are stated in the balance sheet at cost, 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.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Leasehold Improvements	Over the term of the lease
Long Leasehold	2% on cost
Plant & Machinery	33% straight line
Fixtures & Fittings	33% straight line
Computer Equipment	33% straight line

2.4. Foreign Currencies

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into sterling at the rates prevailing on the reporting period date.

2.5. Taxation

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.

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 company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

2.6. Pensions

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company 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.The company contributes to a defined contribution pension scheme.Contributions payable to the scheme are charged to the profit and loss account in the period to which they relate.

2.7. Cash and cash equivalents

Cash comprises cash on hand and call deposits.

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Greenhouse PR Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

2.8. Provisions

Provisions are recognised when the company has an obligation at the reporting date 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.

2.9. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 54 (2024: 57)

4. Tangible Assets

	Land & Property
	Long Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 March 2024	639,506	18,778	188,085	121,803	968,172
Additions	-	-	606	4,480	5,086
Disposals	-	-	-	(16,606 )	(16,606 )

As at 28 February 2025	639,506	18,778	188,691	109,677	956,652

Depreciation
As at 1 March 2024	244,738	18,777	172,137	89,218	524,870
Provided during the period	40,375	-	10,353	18,745	69,473
Disposals	-	-	-	(15,675 )	(15,675 )

As at 28 February 2025	285,113	18,777	182,490	92,288	578,668

Net Book Value
As at 28 February 2025	354,393	1	6,201	17,389	377,984

As at 1 March 2024	394,768	1	15,948	32,585	443,302

Included within the net book value of land and buildings above is £280,934 (2024 - £287,316) in respect of long leasehold land and buildings.

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	911,177	1,219,885
Prepayments and accrued income	153,576	265,013
Other debtors	11,258	15,999

	1,076,011	1,500,897

Trade debtors are amounts due from customers for services performed in the ordinary course of business.Trade debtors are recognised initially at the transaction price.They are subsequently measured at 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.

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Greenhouse PR Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	149,612	232,022
Corporation tax	144,816	323,270
Other taxes and social security	76,921	92,377
VAT	79,499	132,639
Other creditors	26,121	35,579
Accruals and deferred income	369,775	707,930
Directors' loan accounts	78	175

	846,822	1,523,992

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.Trade creditors are recognised initially at the transaction price.These creditors 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.

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

8. Post Balance Sheet Events

On 5th June 2025 the shareholders of the company completed the sale of 100% of the issued share capital to an Employee Ownership Trust. This transaction was undertaken as part of a long-term succession and ownership strategy designed to provide continuity and stability for the business. The sale occurred after the balance sheet date and does not affect the amounts reported for the year ended 28th February 2025.

The directors have considered the impact of this transaction on the company’s ability to continue as a going concern and are satisfied that it does not affect the company’s financial position or its ability to meet obligations as they fall due.

9. Related Party Transactions

At the Balance Sheet date the company owed Mrs A Guyer £78 (2024 £175)

At the Balance Sheet date the company owed £751 to Greenhouse Communications Holdings Limited, a company which owned 64.52% of the share capital of Greenhouse PR Ltd (2024 £4,748 and 61.22% share holding)

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		377,984		443,302

			377,984		443,302
CURRENT ASSETS
Debtors	5	1,076,011		1,500,897
Cash at bank and in hand		2,549,922		2,677,203

		3,625,933		4,178,100
Creditors: Amounts Falling Due Within One Year	6	(846,822 )		(1,523,992 )

NET CURRENT ASSETS (LIABILITIES)			2,779,111		2,654,108

TOTAL ASSETS LESS CURRENT LIABILITIES			3,157,095		3,097,410

PROVISIONS FOR LIABILITIES
Deferred Taxation			(10,826 )		(17,918 )

NET ASSETS			3,146,269		3,079,492

CAPITAL AND RESERVES
Called up share capital	7		2		2
Share premium account			90,000		90,000
Profit and Loss Account			3,056,267		2,989,490

SHAREHOLDERS' FUNDS			3,146,269		3,079,492