Hartle Garden Centre Holdings Limited

Business Review The board considers the results to be satisfactory considering the inclement weather during Spring 2024 which resulted in a marked decline in turnover for that period. However a comparison of turnover for the years ended 28 February 2024 and 28 February 2025 concluded they were at similar levels. Furthermore the five months period to the end of July 2025 shows an increase in turnover on the two previous years as a result of much improved weather conditions. Gross margins increased slightly from 21.56% to 21.85% which reflects a return to pre-covid levels. The Statement of Financial Position on page 12 of the financial statements remains healthy with net assets of the company of £12,096,131 and cash reserves of £5,387,246. The board monitors progress on overall strategy and the individual strategic elements by reference to key performance indicators. These include revenue, gross margins, staff costs, adjusted EBITDA and cash positions. Future Developments The board advises plans have been submitted for a new restaurant to be constructed at its Bury site. Additionally discussions are currently under way regarding significant investment in sustainable solar energy. This will greatly assist in our aim of reducing the business's emissions to net zero in the foreseeable future. Principal Risks and Uncertainties The main risk and uncertainty facing the business is from inflationary pressure and the resulting impact on customer behaviour and spending habits. Christmas continues to be a critical period for many in this sector and the directors have prudently planned well in advance based on their previous years' experiences. Going Concern At the time of approving the financial statements the directors have a reasonable expectation that the group and company has adequate resources to continue in operational existence for the foreseeable future. Therefore the directors continue to adopt the going concern basis of accounting in preparing the financial statements.