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REGISTERED NUMBER: SC733424 (Scotland)















Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 30 November 2024

for

Keane Premier Holdings Ltd

Keane Premier Holdings Ltd (Registered number: SC733424)






Contents of the Consolidated Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Consolidated Income Statement 10

Consolidated Other Comprehensive Income 11

Consolidated Balance Sheet 12

Company Balance Sheet 14

Consolidated Statement of Changes in Equity 15

Company Statement of Changes in Equity 16

Consolidated Cash Flow Statement 17

Notes to the Consolidated Cash Flow Statement 18

Notes to the Consolidated Financial Statements 20


Keane Premier Holdings Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: R A Crawford-Smith
R D Crawford-Smith





REGISTERED OFFICE: 2 Turnberry Crescent
Chapelhall
Airdrie
ML6 8HX





REGISTERED NUMBER: SC733424 (Scotland)





AUDITORS: Accountants Plus (Hamilton) Ltd
T/A Accountants Plus
Statutory Auditor
Second Floor
Airbles House
270 Airbles Road
Motherwell
ML1 3AT

Keane Premier Holdings Ltd (Registered number: SC733424)

Group Strategic Report
for the Year Ended 30 November 2024

The directors present their strategic report of the company and the group for the year ended 30 November 2024.

REVIEW OF BUSINESS
The company acquired the shares of Keane Premier Group Ltd on 25th July 2022.

The comments below refer to the results for that group.

The financial performance of the group is summarised as follows:

Turnover - £14.9 million (decrease of 1.6% compared to the prior year).
Operating Profit - £1.1 million
Net Profit - £0.9 million
EBITDA - £1.5 million

Further details regarding the financial performance can be found within these financial statements.


Keane Premier Holdings Ltd (Registered number: SC733424)

Group Strategic Report
for the Year Ended 30 November 2024

PRINCIPAL RISKS AND UNCERTAINTIES
The key risks and uncertainties are as follows:-

The Group is monitored on an ongoing basis by The Care Inspectorate who undertake both planned and random visits. The risk is that the care homes and community operation are marked down in key areas which could lead to warnings, procedural mandates for change or at worst a moratorium on the future intake of residents or the granting of more care hours in the community. The group has a strong leadership team of managers working with a general manager who monitors activity particularly in the care space. Care plans are strictly managed and checks are made randomly to ensure company policies and procedures are fully adhered to. The current Care Inspectorate grades are excellent and in the past wherever there has been a breakdown in the system and the Inspectorate raise the issue/s the company has dealt with them diligently and with due speed resulting in the main in no reduction in the grades. Where grades have been reduced in a few cases the company has invited the Inspectorate back within a short timescale to assess the changes made thus resulting in restoration of the grades.

Energy and food costs have resulted in a challenge to the homes given the cost-of-living crisis attacking the country. This puts pressure on costs and cash flow. The company has managed to consolidate its energy usage within one supplier and negotiated a rate which while not back to pre-crisis levels is manageable and reflects a much lower increase in the cost base. Allied to this is the plan to invest in solar energy which will further reduce energy costs. Food purchasing has also been consolidated with one or two major suppliers and with more efficient purchasing the residents can have the same standard of catering they are used to without the burden of a larger than normal inflationary increase.

The company has very little liquidity issues. All bank liquidity covenants are tested quarterly and have been exceeded for the past 3 years. 2025 should be no different.

The company's HR department has been enhanced dramatically therefore utmost control is exercised over staff recruitment, contracts and any perceived grievances. The systems in place are strict and reduce the risk of a team member bringing any case against the company.

ON BEHALF OF THE BOARD:





R A Crawford-Smith - Director


26 August 2025

Keane Premier Holdings Ltd (Registered number: SC733424)

Report of the Directors
for the Year Ended 30 November 2024

The directors present their report with the financial statements of the company and the group for the year ended 30 November 2024.

PRINCIPAL ACTIVITIES
The principal activities of the group in the year under review were those of the provision of residential care homes and care services.

DIVIDENDS
An interim dividend of £2,230 per share was paid on . The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 30 November 2024 will be £ 223,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 December 2023 to the date of this report.

R A Crawford-Smith
R D Crawford-Smith

POLITICAL DONATIONS AND EXPENDITURE
There were no political donations made nor political expenditure incurred.

DISABLED PERSONS
Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the group continues and that the appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

ENGAGEMENT WITH EMPLOYEES
The group's policy is to consult and discuss with employees matters likely to affect employees' interests.

Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.


Keane Premier Holdings Ltd (Registered number: SC733424)

Report of the Directors
for the Year Ended 30 November 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Accountants Plus (Hamilton) Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





R A Crawford-Smith - Director


26 August 2025

Report of the Independent Auditors to the Members of
Keane Premier Holdings Ltd

Opinion
We have audited the financial statements of Keane Premier Holdings Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 November 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 group's and of the parent company affairs as at 30 November 2024 and of the group's 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 group 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 group's and the parent 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.

Report of the Independent Auditors to the Members of
Keane Premier Holdings Ltd


Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors 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 Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

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

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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company 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 five, 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Keane Premier Holdings Ltd


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 a Report of the Auditors 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:

The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks.

The key factors impacting the detection of irregularities are the inherent difficulty in detecting irregularities, the effectiveness of the group's controls and the nature, timing and extent of the audit procedures performed.

We note that it can be harder to detect irregularities arising due to fraud as they may involve deliberate concealment or collusion. We focused on laws and regulations that could give rise to a material misstatement in the financial statements Including, but not limited to, the Companies Act 2006 and significant regulations relating to the sector in which the company operates.

Our procedures in relation to fraud and irregularities included but were not limited to:
- Inquiries of management whether they have knowledge of any actual, suspected or alleged fraud.
- Gaining an understanding of the legal and regulatory framework through discussion with management and identifying how the entity ensures compliance through a review of systems.
- Assessing the collective ability of the audit team to identify or recognize non-compliance with laws and regulations. We identified the following as significant laws and regulations for this group - compliance with Care Inspectorate regulations including health & safety and fire regulations and the Protecting Vulnerable Groups scheme.
- Gaining an understanding of the internal controls established to mitigate risk related to fraud.
- Making an assessment of the susceptibility of the charity's financial statements to material misstatement.
- Carrying out a review of accounting systems and procedure and making an assessment on the effectiveness of its control environment.
- Identifying the principal risks where fraud could take place eg posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates and significant one-off or unusual transaction. Discussion of these matters by the audit team.
- Addressing the risk of fraud through management override of controls by performing journal entry testing.
- Review of board minutes and relevant correspondence with regulators and legal advisors.
- Agreement of the financial statement disclosures to underlying supporting documentation
- Consideration of these matters for the company but also for the group as a whole

The primary responsibility for the prevention and detection of irregularities including fraud rests with both those charged with governance and management.


Report of the Independent Auditors to the Members of
Keane Premier Holdings Ltd

Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK). In particular, the more removed from the financial transactions, the less likely it is that we would become aware of non-compliance with laws and regulations.

As a result of our procedures, we did not identify any key audit matters relating to irregularities.

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 Report of the Auditors.

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 a Report of the Auditors 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.




Bryan J T Wood (Senior Statutory Auditor)
for and on behalf of Accountants Plus (Hamilton) Ltd
T/A Accountants Plus
Statutory Auditor
Second Floor
Airbles House
270 Airbles Road
Motherwell
ML1 3AT

26 August 2025

Keane Premier Holdings Ltd (Registered number: SC733424)

Consolidated Income Statement
for the Year Ended 30 November 2024

30.11.24 30.11.23
Notes £    £   

TURNOVER 3 14,939,366 15,182,198

Cost of sales 10,491,216 10,585,854
GROSS PROFIT 4,448,150 4,596,344

Administrative expenses 3,568,240 3,545,653
879,910 1,050,691

Other operating income 41,674 29,536
OPERATING PROFIT 5 921,584 1,080,227

Interest receivable and similar
income

3,619

7,836
925,203 1,088,063

Interest payable and similar
expenses

6

213,111

272,019
PROFIT BEFORE TAXATION 712,092 816,044

Tax on profit 7 266,463 245,088
PROFIT FOR THE FINANCIAL YEAR 445,629 570,956
Profit attributable to:
Owners of the parent 445,629 570,956

Keane Premier Holdings Ltd (Registered number: SC733424)

Consolidated Other Comprehensive Income
for the Year Ended 30 November 2024

30.11.24 30.11.23
Notes £    £   

PROFIT FOR THE YEAR 445,629 570,956


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

445,629

570,956

Total comprehensive income attributable to:
Owners of the parent 445,629 570,956

Keane Premier Holdings Ltd (Registered number: SC733424)

Consolidated Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 1,922,423 2,173,465
Tangible assets 11 5,516,896 5,238,864
Investments 12 - -
7,439,319 7,412,329

CURRENT ASSETS
Stocks 13 32,712 32,712
Debtors 14 800,296 853,038
Cash at bank and in hand 563,634 679,818
1,396,642 1,565,568
CREDITORS
Amounts falling due within one year 15 2,761,812 3,383,239
NET CURRENT LIABILITIES (1,365,170 ) (1,817,671 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,074,149

5,594,658

CREDITORS
Amounts falling due after more than
one year

16

(3,258,951

)

(3,010,021

)

PROVISIONS FOR LIABILITIES 19 (115,203 ) (107,271 )
NET ASSETS 2,699,995 2,477,366

Keane Premier Holdings Ltd (Registered number: SC733424)

Consolidated Balance Sheet - continued
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 20 100 100
Share premium 21 1,999,902 1,999,902
Retained earnings 21 699,993 477,364
SHAREHOLDERS' FUNDS 2,699,995 2,477,366


The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by:




R A Crawford-Smith - Director



R D Crawford-Smith - Director


Keane Premier Holdings Ltd (Registered number: SC733424)

Company Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 - -
Tangible assets 11 - -
Investments 12 4,000,200 4,000,200
4,000,200 4,000,200

CREDITORS
Amounts falling due within one year 15 976,309 592,196
NET CURRENT LIABILITIES (976,309 ) (592,196 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,023,891

3,408,004

CREDITORS
Amounts falling due after more than
one year

16

1,028,406

1,411,243
NET ASSETS 1,995,485 1,996,761

CAPITAL AND RESERVES
Called up share capital 20 100 100
Share premium 21 1,999,902 1,999,902
Retained earnings 21 (4,517 ) (3,241 )
SHAREHOLDERS' FUNDS 1,995,485 1,996,761

Company's profit for the financial
year

221,724

176,560

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by:




R A Crawford-Smith - Director



R D Crawford-Smith - Director


Keane Premier Holdings Ltd (Registered number: SC733424)

Consolidated Statement of Changes in Equity
for the Year Ended 30 November 2024

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 December 2022 100 86,408 1,999,902 2,086,410

Changes in equity
Dividends - (180,000 ) - (180,000 )
Total comprehensive income - 570,956 - 570,956
Balance at 30 November 2023 100 477,364 1,999,902 2,477,366

Changes in equity
Dividends - (223,000 ) - (223,000 )
Total comprehensive income - 445,629 - 445,629
Balance at 30 November 2024 100 699,993 1,999,902 2,699,995

Keane Premier Holdings Ltd (Registered number: SC733424)

Company Statement of Changes in Equity
for the Year Ended 30 November 2024

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 December 2022 100 199 1,999,902 2,000,201

Changes in equity
Dividends - (180,000 ) - (180,000 )
Total comprehensive income - 176,560 - 176,560
Balance at 30 November 2023 100 (3,241 ) 1,999,902 1,996,761

Changes in equity
Dividends - (223,000 ) - (223,000 )
Total comprehensive income - 221,724 - 221,724
Balance at 30 November 2024 100 (4,517 ) 1,999,902 1,995,485

Keane Premier Holdings Ltd (Registered number: SC733424)

Consolidated Cash Flow Statement
for the Year Ended 30 November 2024

30.11.24 30.11.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,497,878 1,602,711
Interest paid (213,111 ) (272,019 )
Tax paid (238,711 ) (102,964 )
Net cash from operating activities 1,046,056 1,227,728

Cash flows from investing activities
Purchase of tangible fixed assets (595,291 ) (503,286 )
Purchase of fixed asset investments - (200 )
Sale of tangible fixed assets - 3,000
Interest received 3,619 7,836
Net cash from investing activities (591,672 ) (492,650 )

Cash flows from financing activities
New loans in year 986,500 575,000
Loan repayments in year (1,322,058 ) (1,100,474 )
Capital repayments in year - (4,706 )
Amount introduced by directors 402,899 180,000
Amount withdrawn by directors (481,618 ) (153,072 )
Grant - 9,477
Equity dividends paid (223,000 ) (180,000 )
Net cash from financing activities (637,277 ) (673,775 )

(Decrease)/increase in cash and cash equivalents (182,893 ) 61,303
Cash and cash equivalents at
beginning of year

2

639,139

577,836

Cash and cash equivalents at end
of year

2

456,246

639,139

Keane Premier Holdings Ltd (Registered number: SC733424)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 30 November 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

30.11.24 30.11.23
£    £   
Profit before taxation 712,092 816,044
Depreciation charges 568,301 492,825
Profit on disposal of fixed assets - (3,000 )
Government grants - (9,477 )
Finance costs 213,111 272,019
Finance income (3,619 ) (7,836 )
1,489,885 1,560,575
Decrease in trade and other debtors 120,295 108,166
Decrease in trade and other creditors (112,302 ) (66,030 )
Cash generated from operations 1,497,878 1,602,711

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 November 2024
30.11.24 1.12.23
£    £   
Cash and cash equivalents 563,634 679,818
Bank overdrafts (107,388 ) (40,679 )
456,246 639,139
Year ended 30 November 2023
30.11.23 1.12.22
£    £   
Cash and cash equivalents 679,818 577,836
Bank overdrafts (40,679 ) -
639,139 577,836


Keane Premier Holdings Ltd (Registered number: SC733424)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 30 November 2024

3. ANALYSIS OF CHANGES IN NET DEBT

At 1.12.23 Cash flow At 30.11.24
£    £    £   
Net cash
Cash at bank and in hand 679,818 (116,184 ) 563,634
Bank overdrafts (40,679 ) (66,709 ) (107,388 )
639,139 (182,893 ) 456,246
Debt
Debts falling due within 1 year (1,241,361 ) 967,325 (274,036 )
Debts falling due after 1 year (1,598,778 ) (631,767 ) (2,230,545 )
(2,840,139 ) 335,558 (2,504,581 )
Total (2,201,000 ) 152,665 (2,048,335 )

Keane Premier Holdings Ltd (Registered number: SC733424)

Notes to the Consolidated Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Keane Premier Holdings Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the General 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.

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 2012, is being amortised evenly over its estimated useful life of twenty years.

Goodwill on consolidation is being written off over a period of 10 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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost and 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Keane Premier Holdings Ltd (Registered number: SC733424)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and bank balances
Cash and bank balances are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Keane Premier Holdings Ltd (Registered number: SC733424)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 November 2024

3. TURNOVER

The turnover and profit before taxation are attributable to the principal activities of the group.

An analysis of turnover by class of business is given below:

30.11.24 30.11.23
£    £   
Rendering of services 14,939,366 15,182,198
14,939,366 15,182,198

4. EMPLOYEES AND DIRECTORS
30.11.24 30.11.23
£    £   
Wages and salaries 9,768,770 9,799,998
Social security costs 739,092 682,298
Other pension costs 146,983 144,495
10,654,845 10,626,791

The average number of employees during the year was as follows:
30.11.24 30.11.23

Management and staff 505 570

30.11.24 30.11.23
£    £   
Directors' remuneration 52,888 52,637

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 2

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

30.11.24 30.11.23
£    £   
Hire of plant and machinery 2,234 26,942
Depreciation - owned assets 317,259 241,780
Profit on disposal of fixed assets - (3,000 )
Goodwill amortisation 245,043 245,043
Patents and licences amortisation 5,999 6,001
Auditors' remuneration 22,904 19,368
Other non- audit services 20,714 13,169

Keane Premier Holdings Ltd (Registered number: SC733424)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 November 2024

6. INTEREST PAYABLE AND SIMILAR EXPENSES
30.11.24 30.11.23
£    £   
Bank interest 5,723 25,078
Bank loan interest 206,471 247,798
Penalty interest & charges 917 86
Hire purchase - (943 )
213,111 272,019

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
30.11.24 30.11.23
£    £   
Current tax:
UK corporation tax 259,908 240,185
Prior year overprovision (1,377 ) (19,449 )
Total current tax 258,531 220,736

Deferred tax 7,932 24,352
Tax on profit 266,463 245,088

8. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


9. DIVIDENDS
30.11.24 30.11.23
£    £   
Ordinary shares of £1 each
Interim 223,000 180,000

Keane Premier Holdings Ltd (Registered number: SC733424)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 November 2024

10. INTANGIBLE FIXED ASSETS

Group
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 2,680,037 59,997 2,740,034
AMORTISATION
At 1 December 2023 525,569 41,000 566,569
Amortisation for year 245,043 5,999 251,042
At 30 November 2024 770,612 46,999 817,611
NET BOOK VALUE
At 30 November 2024 1,909,425 12,998 1,922,423
At 30 November 2023 2,154,468 18,997 2,173,465

11. TANGIBLE FIXED ASSETS

Group
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2023 4,998,840 6,152 1,853,225
Additions 359,042 37,222 194,367
Disposals - - -
At 30 November 2024 5,357,882 43,374 2,047,592
DEPRECIATION
At 1 December 2023 280,297 5,911 1,373,930
Charge for year 94,079 9,366 195,921
Eliminated on disposal - - -
At 30 November 2024 374,376 15,277 1,569,851
NET BOOK VALUE
At 30 November 2024 4,983,506 28,097 477,741
At 30 November 2023 4,718,543 241 479,295

Keane Premier Holdings Ltd (Registered number: SC733424)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 November 2024

11. TANGIBLE FIXED ASSETS - continued

Group

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 48,865 113,952 7,021,034
Additions - 4,660 595,291
Disposals (3,900 ) - (3,900 )
At 30 November 2024 44,965 118,612 7,612,425
DEPRECIATION
At 1 December 2023 37,866 84,166 1,782,170
Charge for year 4,157 13,736 317,259
Eliminated on disposal (3,900 ) - (3,900 )
At 30 November 2024 38,123 97,902 2,095,529
NET BOOK VALUE
At 30 November 2024 6,842 20,710 5,516,896
At 30 November 2023 10,999 29,786 5,238,864

12. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 December 2023
and 30 November 2024 4,000,200
NET BOOK VALUE
At 30 November 2024 4,000,200
At 30 November 2023 4,000,200

Keane Premier Holdings Ltd (Registered number: SC733424)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 November 2024

12. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Keane Premier Group Limited
Registered office: 2 Turnberry Crescent, Chapelhall, Airdrie, ML6 8HX
Nature of business: Provision of care services
%
Class of shares: holding
Ordinary 100.00


13. STOCKS

Group
30.11.24 30.11.23
£    £   
Stocks 32,712 32,712

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group
30.11.24 30.11.23
£    £   
Trade debtors 346,374 649,357
Other debtors 108,540 36,400
Directors' current accounts 67,553 -
Prepayments and accrued income 277,829 167,281
800,296 853,038

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
30.11.24 30.11.23 30.11.24 30.11.23
£    £    £    £   
Bank loans and overdrafts (see note 17)
381,424

1,282,040

-

-
Trade creditors 494,607 261,820 - -
Amounts owed to participating interests - - 630,223 168,558
Tax 259,908 240,088 - -
Social security and other taxes 31,518 23,857 - -
Other creditors 560,982 294,726 240,000 240,000
Directors' current accounts - 11,166 101,370 180,198
Accruals and deferred income 1,033,373 1,269,542 4,716 3,440
2,761,812 3,383,239 976,309 592,196

Keane Premier Holdings Ltd (Registered number: SC733424)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 November 2024

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

Group Company
30.11.24 30.11.23 30.11.24 30.11.23
£    £    £    £   
Bank loans (see note 17) 2,230,545 1,598,778 - -
Other creditors 960,000 960,000 960,000 960,000
Other creditors 68,406 451,243 68,406 451,243
3,258,951 3,010,021 1,028,406 1,411,243

17. LOANS

An analysis of the maturity of loans is given below:

Group
30.11.24 30.11.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 107,388 40,679
Bank loans 274,036 1,241,361
381,424 1,282,040
Amounts falling due between one and two years:
Bank loans - 1-2 years 267,959 132,759
Amounts falling due between two and five years:
Bank loans - 2-5 years 1,962,586 1,466,019

18. SECURED DEBTS

The following secured debts are included within creditors:

Group
30.11.24 30.11.23
£    £   
Bank loans 2,504,581 2,840,139

Bank loans are secured by Standard Securities and Floating Charges in favour of Barclays Bank plc.

Keane Premier Holdings Ltd (Registered number: SC733424)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 November 2024

19. PROVISIONS FOR LIABILITIES

Group
30.11.24 30.11.23
£    £   
Deferred tax 115,203 107,271

Group
Deferred
tax
£   
Balance at 1 December 2023 107,271
Provided during year 7,932
Balance at 30 November 2024 115,203

20. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary £1 100 100

21. RESERVES

Group
Retained Share
earnings premium Totals
£    £    £   

At 1 December 2023 477,364 1,999,902 2,477,266
Profit for the year 445,629 445,629
Dividends (223,000 ) (223,000 )
At 30 November 2024 699,993 1,999,902 2,699,895

Company
Retained Share
earnings premium Totals
£    £    £   

At 1 December 2023 (3,241 ) 1,999,902 1,996,661
Profit for the year 221,724 221,724
Dividends (223,000 ) (223,000 )
At 30 November 2024 (4,517 ) 1,999,902 1,995,385


Keane Premier Holdings Ltd (Registered number: SC733424)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 November 2024

22. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
R A Crawford-Smith
Balance outstanding at start of year (6,971 ) (9,041 )
Amounts advanced 134,040 2,070
Amounts repaid (111,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,569 (6,971 )

R D Crawford-Smith
Balance outstanding at start of year (4,196 ) 24,801
Amounts advanced 167,788 -
Amounts repaid (111,609 ) (28,997 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,983 (4,196 )

The above balances are interest free and have no fixed repayment terms.

23. RELATED PARTY DISCLOSURES

During the year, a total of key management personnel compensation of £ 55,811 (2023 - £ 55,539 ) was paid.