David Austin Rose Nursery Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04881400 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023

FOR

DAVID AUSTIN ROSE NURSERY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D J C Austin

Mr R D C Austin

Mr T Smith

Miss S E Oldham

SECRETARY:

Mr T M Smith

REGISTERED OFFICE:

Bowling Green Lane

Albrighton

West Midlands

WV7 3HB

REGISTERED NUMBER:

04881400 (England and Wales)

ACCOUNTANTS:

Stanton Ralph & Co Limited

Chartered Accountants

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

BANKERS:

HSBC Bank plc

Lichfield Street

PO Box 33

9 Queen Square

Wolverhampton

West Midlands

WV1 1TE

CREDITORS

534,387

Amounts falling due within one year

4

-

(534,387

)

NET CURRENT LIABILITIES

-

(534,387

)

TOTAL ASSETS LESS CURRENT LIABILITIES

-

CAPITAL AND RESERVES

1

Called up share capital

6

1

(534,388

)

Retained earnings

(1

)

(534,387

)

SHAREHOLDERS' FUNDS

-

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 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 and authorised for issue by the Board of Directors and authorised for issue on 26th April 2024 and were signed on its behalf by:

Miss S E Oldham - Director

1.	STATUTORY INFORMATION

David Austin Rose 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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administration expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Amounts owed to group undertakings

-

534,387

5.	SECURED DEBTS

An unlimited Multilateral Guarantee dated 11 October 2017 has been given by the company and its now fellow subsidiary undertakings, David Austin Roses Limited and D A English Roses Limited, in favour of the company's bankers. In October 2019 a new guarantee has been given by the above companies together with the parent undertaking David Austin Roses (Holdings) Limited.

A cross guarantee exists between group companies whereby certain compensating bank balances are offset against each other. As at the company's balance sheet date, the company has no overdrawn bank balances subject to this offset.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.23

31.7.22

value:

£

£

1

Ordinary

£1

1

1

7.	ULTIMATE PARENT UNDERTAKING

David Austin Roses (Holdings) Limited, the company's parent undertaking, prepares group accounts. The registered office of David Austin Roses (Holdings) Limited is Bowling Green Lane, Albrighton, Shropshire, WV7 3HB.

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions or balances with its parent undertaking or fellow subsidiary undertakings within the group.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D J C Austin by virtue of his ownership of the parent undertaking and his ultimate responsibility for all group operating decisions.