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REGISTERED NUMBER: 03244266 (England and Wales)















STRATEGIC REPORT, DIRECTORS' REPORT AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

MOAT HOUSE CARE HOME LIMITED

MOAT HOUSE CARE HOME LIMITED (REGISTERED NUMBER: 03244266)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Strategic Report 2

Directors' Report 4

Independent Auditors' Report 5

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Notes to the Financial Statements 12


MOAT HOUSE CARE HOME LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: D N Lock
K B Nelson
E S Philpott
C J White





SECRETARY: B M Granger





REGISTERED OFFICE: Homes Support Centre
1 Lutterworth Road
Burbage
Hinckley
Leicestershire
LE10 2DJ





REGISTERED NUMBER: 03244266 (England and Wales)





INDEPENDENT AUDITORS: Armstrongs Accountancy Ltd
Chartered Accountants and Statutory Auditor
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

MOAT HOUSE CARE HOME LIMITED (REGISTERED NUMBER: 03244266)

STRATEGIC REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2025

The directors present their strategic report for the year ended 28 February 2025.

The principal activity of the company in the period under review was that of operation of residential care homes for the elderly.

REVIEW OF BUSINESS
The directors are pleased to present a comprehensive overview of the business's performance during the accounting period, reflecting a notable upward trajectory.

Throughout this period, the company has consistently recognised and valued the dedication of its colleagues, whose commitment to delivering exceptional care across all services has been unwavering. Strong leadership across all homes has been a driving force behind our continued success.

The company's focus on staff mental health and wellbeing is evident by the provision of confidential support for personal issues. This investment in staff wellbeing positively impacts their interactions with residents, enhancing overall care provision. Staff surveys inform policy development, ensuring alignment with staff needs and continuous improvement in organisational effectiveness.

Overall, the business has demonstrated a positive upward trajectory in turnover during this period, marked by strategic initiatives, operational excellence, and a commitment to staff wellbeing, ultimately enhancing the quality of care provided to our residents.

PRINCIPAL RISKS AND UNCERTAINTIES
The directors recognise that within the business there are a number of risks which may affect the performance of the company. The risks are subject to regular review, and where appropriate, processes are established to minimise the level of exposure. The principal risks and uncertainties facing the company are broadly as follows:

Legislative risks
The company faces regular monitoring from Care Quality Commission (CQC). Compliance with CQC regulations imposes costs and failure to comply with the standards could materially affect the group's ability to operate. The directors ensure that care homes are run to high standards with strong operational and head office support teams in place.

Financial risks
The company is exposed to financial risk thorough its assets and liabilities. The principal financial instruments comprise of cash, trade debtors, bank loans and the inter-company balances which arise directly from its operations.

The main risks arising from the company's financial instruments are credit risk and liquidity risk.

Credit risk
The company continues to minimise commercial credit risk and has not suffered unduly from bad debts.

Liquidity risk
Liquidity risk exist when the company may face difficulty in meeting obligations associated with financial liabilities. The directors aim to mitigate liquidity risk by managing cash generation by its operations and applying cash collections targets.


MOAT HOUSE CARE HOME LIMITED (REGISTERED NUMBER: 03244266)

STRATEGIC REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2025

PRINCIPAL RISKS AND UNCERTAINTIES
The directors have established a risk and financial management framework whose primary objectives are to protect the company from events that can impact the achievement of the company's performance objectives. Financial framework's main aim is to limit the undue counterparty exposure, ensure working capital adequacy and monitor and manage these risks at a home level.

The company has a robust financial control environment, Controls are in place ensuring the production of accurate and timely management information.

The directors have a well-defined management structure with clear lines of delegation coupled with a culture of open communication with management. Our managers have a clear focus on quality care, selective recruitment and staff development.

With an established income stream, a good reputation with local authority commissioning teams and access to growth capital through existing banking relationships, the company is in a strong position to continue as a leading care provider of quality care service in a fragmented and growing market.

KEY PERFORMANCE INDICATORS
The company utilises a range of Key Performance Indicators (KPIs) to evaluate performance and track progress towards its strategic goals.

Turnover growth: The Company witnessed a substantial increase in turnover, reaching £6,672K compared to £6,413K in the prior year.

Gross profit margin: The Company achieved a gross profit percentage of 54.50%, reflecting a decrease from the previous year 57.56%.

Profit before tax: The profit for the period before tax was £327K (2024; £698K)

Net Assets: The net assets of the Company as of 28 February 2025 amounted to £2,349K, showing growth from £2,104K in the prior period.

ON BEHALF OF THE BOARD:





C J White - Director


30 April 2025

MOAT HOUSE CARE HOME LIMITED (REGISTERED NUMBER: 03244266)

DIRECTORS' REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2025

The directors present their report with the financial statements of the company for the year ended 28 February 2025.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of operation of residential care homes.

DIVIDENDS
No dividends will be distributed for the year ended 28 February 2025.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 March 2024 to the date of this report.

D N Lock
K B Nelson
E S Philpott
C J White

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Armstrongs Accountancy Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





C J White - Director


30 April 2025

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF
MOAT HOUSE CARE HOME LIMITED

Opinion
We have audited the financial statements of Moat House Care Home Limited (the 'company') for the year ended 28 February 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 28 February 2025 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Directors' Report, but does not include the financial statements and our Auditors' Report thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF
MOAT HOUSE CARE HOME LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF
MOAT HOUSE CARE HOME LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the Company and industry, we identified that the principal risks of non-compliance with laws and regulations related to the industry, and we considered the extent to which non­compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting unusual journal entries to increase revenue and profits or the manipulation of accounting estimates which could be subject to management bias. Audit procedures performed by the engagement team included:

-Enquiry with management, those charged with governance around actual and potential litigation and claims;
-Enquiry of entity staff to identify any instances of non-compliance with laws and regulations;
-Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
-Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias;
-Performing audit work over the risk of understatement of turnover including analytical review and obtaining corroborated explanations from management.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Muhammed Shabbir FCA, FCCA (Senior Statutory Auditor)
for and on behalf of Armstrongs Accountancy Ltd
Chartered Accountants and Statutory Auditor
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

30 April 2025

MOAT HOUSE CARE HOME LIMITED (REGISTERED NUMBER: 03244266)

INCOME STATEMENT
FOR THE YEAR ENDED 28 FEBRUARY 2025

2025 2024
Notes £    £   

TURNOVER 6,675,481 6,414,041

Cost of sales 3,036,426 2,721,983
GROSS PROFIT 3,639,055 3,692,058

Administrative expenses 3,312,594 2,991,922
OPERATING PROFIT 4 326,461 700,136

Interest receivable and similar income 689 227
327,150 700,363

Interest payable and similar expenses 5 - 2,152
PROFIT BEFORE TAXATION 327,150 698,211

Tax on profit 6 81,788 108,239
PROFIT FOR THE FINANCIAL YEAR 245,362 589,972

MOAT HOUSE CARE HOME LIMITED (REGISTERED NUMBER: 03244266)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 28 FEBRUARY 2025

2025 2024
Notes £    £   

PROFIT FOR THE YEAR 245,362 589,972


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

245,362

589,972

MOAT HOUSE CARE HOME LIMITED (REGISTERED NUMBER: 03244266)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 7 512,421 559,255

CURRENT ASSETS
Debtors 8 9,905,218 9,799,685
Cash at bank and in hand 122,574 105,508
10,027,792 9,905,193
CREDITORS
Amounts falling due within one year 9 8,180,594 8,348,138
NET CURRENT ASSETS 1,847,198 1,557,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,359,619

2,116,310

PROVISIONS FOR LIABILITIES 10 10,170 12,223
NET ASSETS 2,349,449 2,104,087

CAPITAL AND RESERVES
Called up share capital 11 150,004 150,004
Retained earnings 12 2,199,445 1,954,083
SHAREHOLDERS' FUNDS 2,349,449 2,104,087

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





C J White - Director


MOAT HOUSE CARE HOME LIMITED (REGISTERED NUMBER: 03244266)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2025

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 March 2023 150,004 1,364,111 1,514,115

Changes in equity
Total comprehensive income - 589,972 589,972
Balance at 29 February 2024 150,004 1,954,083 2,104,087

Changes in equity
Total comprehensive income - 245,362 245,362
Balance at 28 February 2025 150,004 2,199,445 2,349,449

MOAT HOUSE CARE HOME LIMITED (REGISTERED NUMBER: 03244266)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

Moat House Care Home 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and
11.48(c);
the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
the requirement of paragraph 33.7.

Related party exemption
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 with wholly owned subsidiaries within the group.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

MOAT HOUSE CARE HOME LIMITED (REGISTERED NUMBER: 03244266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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. Amounts 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.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.


MOAT HOUSE CARE HOME LIMITED (REGISTERED NUMBER: 03244266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3. EMPLOYEES AND DIRECTORS
2025 2024
£    £   
Wages and salaries 2,799,242 2,515,705
Social security costs 192,978 166,950
Other pension costs 44,206 39,328
3,036,426 2,721,983

The average number of employees during the year was as follows:
2025 2024

Employees 130 121

2025 2024
£    £   
Directors' remuneration - -

MOAT HOUSE CARE HOME LIMITED (REGISTERED NUMBER: 03244266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

4. OPERATING PROFIT

The operating profit is stated after charging:

2025 2024
£    £   
Other operating leases 1,456,800 1,316,604
Depreciation - owned assets 90,427 98,692

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2025 2024
£    £   
Interest on taxation - 2,152

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2025 2024
£    £   
Current tax:
UK corporation tax 83,840 122,172

Deferred tax (2,052 ) (13,933 )
Tax on profit 81,788 108,239

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is the same as the standard rate of corporation tax in the UK.

2025 2024
£    £   
Profit before tax 327,150 698,211
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2024 - 24.490%)

81,788

170,992

Effects of:
Depreciation in excess of capital allowances 2,052 13,650
Group relief - (62,470 )
Reversal of timing differences (2,052 ) (13,933 )

Total tax charge 81,788 108,239

MOAT HOUSE CARE HOME LIMITED (REGISTERED NUMBER: 03244266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

7. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2024 2,892,552
Additions 43,593
At 28 February 2025 2,936,145
DEPRECIATION
At 1 March 2024 2,333,297
Charge for year 90,427
At 28 February 2025 2,423,724
NET BOOK VALUE
At 28 February 2025 512,421
At 29 February 2024 559,255

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 62,675 37,218
Amounts owed by group undertakings 9,810,530 9,724,607
Staff loans 6,690 11,914
Prepayments 25,323 25,946
9,905,218 9,799,685

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 47,604 69,419
Amounts owed to group undertakings 7,762,033 7,963,216
Corporation tax 22,842 24,324
Social security and other taxes 44,265 34,664
Other creditors 61,717 54,770
Wages & salaries 186,335 159,095
Staff pensions payable 9,574 7,157
Accrued expenses 46,224 35,493
8,180,594 8,348,138

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 10,170 12,223

MOAT HOUSE CARE HOME LIMITED (REGISTERED NUMBER: 03244266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2024 12,223
Utilised during year (2,053 )
Balance at 28 February 2025 10,170

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2025 2024
value: £    £   
150,004 Ordinary Shares £1 150,004 150,000

Ordinary shares have voting and participation rights and provides flexibility to vary dividends.

12. RESERVES
Retained
earnings
£   

At 1 March 2024 1,954,083
Profit for the year 245,362
At 28 February 2025 2,199,445

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mike Holdings Limited.

The ultimate controlling party is D N Lock.

The company is a subsidiary of Mike Holdings Limited, a company registered in the United Kingdom.

A copy of the parent company's financial statements can be obtained from its registered office which is situated at Homes Support Centre, 1 Lutterworth Road, Burbage, Hinckley, Leicestershire, LE10 2DJ.

14. SECURED DEBT

Clydesdale Bank Plc holds fixed and floating charge dated 09 September 2020 which covers all the the property or undertaking of the Company.