H.R.H. Nurseries Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04514829 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2017

FOR

H.R.H. NURSERIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D J S Perrott

Mrs G E Perrott

Mrs C E Anderson

SECRETARY:

D J S Perrott

REGISTERED OFFICE:

32a East Street

St Ives

Cambs

PE27 5PD

REGISTERED NUMBER:

04514829 (England and Wales)

ACCOUNTANTS:

Tacconi Green & Co

Accountants

32a East Street

St Ives

Cambs

PE27 5PD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

256,942

281,919

Investments

6

132,778

132,778

389,720

414,697

CURRENT ASSETS

Debtors

7

33,780

29,586

Cash at bank

732,424

562,952

766,204

592,538

CREDITORS

Amounts falling due within one year

8

75,846

90,784

NET CURRENT ASSETS

690,358

501,754

TOTAL ASSETS LESS CURRENT LIABILITIES

1,080,078

916,451

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,080,076

916,449

SHAREHOLDERS' FUNDS

1,080,078

916,451

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 2nd August 2017 and were signed on its behalf by:

D J S Perrott - Director

1.	STATUTORY INFORMATION

H.R.H. Nurseries Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Short leasehold

-

not provided

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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 balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Any timing differences are considered immaterial and therefore no provision has been made.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 93 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2016

and 31st March 2017

10,000

AMORTISATION

At 1st April 2016

and 31st March 2017

10,000

NET BOOK VALUE

At 31st March 2017

-

At 31st March 2016

-

5.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1st April 2016

164,509

132,188

51,090

347,787

Additions

-

1,121

-

1,121

At 31st March 2017

164,509

133,309

51,090

348,908

DEPRECIATION

At 1st April 2016

-

62,675

3,193

65,868

Charge for year

-

14,124

11,974

26,098

At 31st March 2017

-

76,799

15,167

91,966

NET BOOK VALUE

At 31st March 2017

164,509

56,510

35,923

256,942

At 31st March 2016

164,509

69,513

47,897

281,919

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st April 2016

and 31st March 2017

132,778

NET BOOK VALUE

At 31st March 2017

132,778

At 31st March 2016

132,778

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

-

186

Prepayments

33,780

29,400

33,780

29,586

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

8,321

22,075

Taxation

45,062

49,446

Social security and other taxes

18,978

16,050

Directors' current accounts

1,361

1,061

Accrued expenses

2,124

2,152

75,846

90,784

9.	RELATED PARTY DISCLOSURES

During the year £84,000 rent was paid on normal commercial terms to Mr & Mrs Perrott, directors and

shareholders of the company.