Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 2025-03-31 No description of principal activity false false false 83 true 2024-04-01 false 7 07191072 2024-04-01 2025-03-31 07191072 2023-04-01 2024-03-31 07191072 2025-03-31 07191072 2024-03-31 07191072 2024-04-01 07191072 2023-04-01 07191072 c:Director1 2024-04-01 2025-03-31 07191072 c:Director2 2024-04-01 2025-03-31 07191072 c:RegisteredOffice 2024-04-01 2025-03-31 07191072 c:Agent1 2024-04-01 2025-03-31 07191072 d:Buildings 2024-04-01 2025-03-31 07191072 d:Buildings 2025-03-31 07191072 d:Buildings 2024-03-31 07191072 d:Buildings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07191072 d:PlantMachinery 2024-04-01 2025-03-31 07191072 d:PlantMachinery 2025-03-31 07191072 d:PlantMachinery 2024-03-31 07191072 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07191072 d:MotorVehicles 2024-04-01 2025-03-31 07191072 d:MotorVehicles 2025-03-31 07191072 d:MotorVehicles 2024-03-31 07191072 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07191072 d:FurnitureFittings 2024-04-01 2025-03-31 07191072 d:FurnitureFittings 2025-03-31 07191072 d:FurnitureFittings 2024-03-31 07191072 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07191072 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07191072 d:Goodwill 2024-04-01 2025-03-31 07191072 d:Goodwill 2025-03-31 07191072 d:Goodwill 2024-03-31 07191072 d:CurrentFinancialInstruments 2025-03-31 07191072 d:CurrentFinancialInstruments 2024-03-31 07191072 d:Non-currentFinancialInstruments 2025-03-31 07191072 d:Non-currentFinancialInstruments 2024-03-31 07191072 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 07191072 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07191072 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 07191072 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 07191072 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-03-31 07191072 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 07191072 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-03-31 07191072 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 07191072 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2025-03-31 07191072 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 07191072 d:ShareCapital 2025-03-31 07191072 d:ShareCapital 2024-03-31 07191072 d:ShareCapital 2023-04-01 07191072 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 07191072 d:RetainedEarningsAccumulatedLosses 2025-03-31 07191072 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 07191072 d:RetainedEarningsAccumulatedLosses 2024-03-31 07191072 d:RetainedEarningsAccumulatedLosses 2023-04-01 07191072 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2025-03-31 07191072 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 07191072 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 07191072 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 07191072 c:OrdinaryShareClass1 2024-04-01 2025-03-31 07191072 c:OrdinaryShareClass1 2024-03-31 07191072 c:OrdinaryShareClass2 2024-04-01 2025-03-31 07191072 c:OrdinaryShareClass2 2025-03-31 07191072 c:OrdinaryShareClass3 2024-04-01 2025-03-31 07191072 c:OrdinaryShareClass3 2025-03-31 07191072 c:OrdinaryShareClass4 2024-04-01 2025-03-31 07191072 c:OrdinaryShareClass4 2025-03-31 07191072 c:FRS102 2024-04-01 2025-03-31 07191072 c:Audited 2024-04-01 2025-03-31 07191072 c:FullAccounts 2024-04-01 2025-03-31 07191072 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07191072 d:Subsidiary1 2024-04-01 2025-03-31 07191072 d:Subsidiary1 1 2024-04-01 2025-03-31 07191072 d:Subsidiary2 2024-04-01 2025-03-31 07191072 d:Subsidiary2 1 2024-04-01 2025-03-31 07191072 d:Subsidiary3 2024-04-01 2025-03-31 07191072 d:Subsidiary3 1 2024-04-01 2025-03-31 07191072 c:Consolidated 2025-03-31 07191072 c:ConsolidatedGroupCompanyAccounts 2024-04-01 2025-03-31 07191072 2 2024-04-01 2025-03-31 07191072 6 2024-04-01 2025-03-31 07191072 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

| Registered number: 07191072
AIVEDA LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
AIVEDA LIMITED COMPANY INFORMATION
DIRECTORS | Reepa Fatania
| Rajesh Fatania
REGISTERED NUMBER | 07191072
REGISTERED OFFICE | 38 Drummond Drive
| Stanmore
| Middlesex
| HA7 3PD
INDEPENDENT AUDITORS | Bishop Fleming Audit Limited
| Chartered Accountants & Statutory Auditors
| 10 Temple Back
| Bristol
| BS1 6FL
BANKERS | Barclays Bank
| 30 North End Road
| North Finchley
| London
| N12 0AJ
AIVEDA LIMITED CONTENTS
| Page
Group strategic report | 1 - 2
Directors' report | 3
Directors' responsibilities statement | 4
Independent auditors' report | 5 - 8
Consolidated statement of comprehensive income | 9
Consolidated statement of financial position | 10
Company statement of financial position | 11
Consolidated statement of changes in equity | 12
Company statement of changes in equity | 13
Consolidated statement of cash flows | 14 - 15
Notes to the financial statements | 16 - 36
AIVEDA LIMITED GROUP STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025
INTRODUCTION
The directors present the Strategic Report, Directors’ Report, and the audited financial statements for Aiveda Limited for the year ended 31 March 2025. The consolidated financial statements incorporate the results of the parent company and its subsidiaries and therefore this strategic report covers the group's business. This Strategic Report outlines the Group’s financial performance, strategic initiatives, and market position for the financial year, providing insight into the challenges and opportunities encountered within the care home sector. PRINCIPAL ACTIVITIES The Group’s core activity is the provision of residential and related care facilities for the elderly and disabled. The Group delivers high-quality, compassionate care, with a strong emphasis on maintaining the dignity and well-being of residents. Services offered include: ∙Residential Care ∙Dementia Care ∙Respite Care ∙Nursing Care Staff training and development remain a priority, ensuring all team members are equipped to deliver outstanding care. The business operates within a sector experiencing both demographic-driven growth and increasing regulatory oversight.
BUSINESS REVIEW
The Group operates three care homes located across Somerset and Devon, offering a combined bed capacity of 87. The Group has positioned itself as a trusted care provider in these regions. Key highlights for the year include: ∙Average occupancy maintained at over 85% ∙Continued demand for acute care services ∙Effective staff recruitment strategies, including international hires During the year, the Group was restructured whereby the trade and assets related to each care home, Manor Lodge Care Home, Arthur’s Court Care Home and Sunnyside Care Home was transferred to each subsidiary Aiveda ML Limited, Aiveda AC Limited and Aiveda SS Limited, respectively.
PRINCIPAL RISKS AND UNCERTAINTIES
The board recognises several risks and uncertainties that could impact the business: ∙Demographic Pressure: A growing elderly population will increase demand for care services. ∙Staff Availability: Recruiting and retaining skilled care workers remains challenging. Strategies include international recruitment, continuous training, and strong internal engagement. ∙Regulatory Environment: Heightened regulation requires strict adherence to care standards and compliance frameworks. ∙Public Sector Budgets: Uncertainty over council-funded care rates presents financial challenges. To mitigate these risks, the business is: ∙Embracing technology to enhance operational efficiency and care quality ∙Focusing on increasing the proportion of private-paying residents to improve margins and ensure continued investment in facilities and staff development Page 1
AIVEDA LIMITED GROUP STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL AND OTHER KEY PERFORMANCE INDICATORS
The directors monitor performance using the following KPIs: ∙Turnover ∙Gross Margin ∙EBITDA ∙Occupancy Rate Staff recruitment and retention continue to be sector-wide challenges. Aiveda has benefited from successful overseas recruitment and remains committed to staff training and well-being to ensure high-quality care. CONCLUSION The Group’s strategic focus on compassionate care, operational excellence, and staff development underpins its resilience and long-term success. With a solid financial foundation and a clear vision, the Group is set to continue delivering value to stakeholders and high-quality care to its residents. This report was approved by the board and signed on its behalf.
Reepa Fatania Director
Date: 11 September 2025
Page 2
AIVEDA LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2025 The directors present their report and the financial statements for the year ended 31 March 2025.
RESULTS AND DIVIDENDS
The consolidated profit for the year, after taxation, amounted to £1,368,659 (2024: £1,402,639). Dividends of £418,709 (2024: £110,714) were declared and paid in the year.
DIRECTORS
The directors who served during the year were:
Reepa Fatania
Rajesh Fatania
FUTURE DEVELOPMENTS
The Group plans to expand through the acquisition of additional care homes in the near term. Simultaneously, it will continue to invest in the maintenance and enhancement of its existing facilities and staff training programmes. The Group has sufficient capital reserves to support its growth strategy. The Group remains committed to delivering outstanding care and maintaining high operational standards. By focusing on quality, innovation, and sustainability, Aiveda is well-positioned to navigate industry challenges and capture emerging opportunities.
DISCLOSURE OF INFORMATION TO AUDITORS
Each of the persons who are directors at the time when this Directors' report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the Company and the Group's auditors are unaware, and ∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditors are aware of that information.
POST BALANCE SHEET EVENTS
There have been no significant events affecting the Group since the year end.
AUDITORS
The auditors, Bishop Fleming Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. This report was approved by the board and signed on its behalf.
Reepa Fatania Director
Date: 11 September 2025
Page 3
AIVEDA LIMITED DIRECTORS' RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the Group's financial statements and then apply them consistently; ∙make judgments 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 Group 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 the Group and to 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. Page 4
AIVEDA LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AIVEDA LIMITED
OPINION
We have audited the financial statements of Aiveda Limited (the 'parent Company') and its subsidiaries (together the 'Group') for the year ended 31 March 2025, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Statement of Financial Position, the Company Statement of Financial Position, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity, the Consolidated Statement of Cash Flows and the related notes, 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's affairs as at 31 March 2025 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 United Kingdom, including the Financial Reporting Council'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 or 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.
OTHER INFORMATION
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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. Page 5
AIVEDA LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AIVEDA LIMITED (CONTINUED)
OPINION 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 Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ∙the Group strategic report and the Directors' report 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 their environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Directors' report. We have nothing to report in respect of the following matters in relation to which 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 Directors' responsibilities statement set out on page 4, 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 is 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.
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 Group financial statements. Page 6
AIVEDA LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AIVEDA LIMITED (CONTINUED) Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we have considered the following: ∙the nature of the industry and sector, control environment and business performance; results of our enquiries of management and the board about their own identification and assessment of the risks of irregularities; ∙any matters we identified having considered the company procedures relating to: °identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; °detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; °the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and °the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud, which included incorrect recognition of revenue and management override of controls using manual journal entries, and these were identified as the greatest potential area for fraud. We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material mounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company’s ability to operate or to avoid a material penalty. These included care standards and compliance frameworks, occupational health and safety regulations and employment legislation. Our audit procedures performed to respond to the risks identified included but were not limited to: ∙reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; ∙reviewing the financial statement disclosures and testing to supporting documentation to assess the recognition of revenue; ∙discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulation and fraud; ∙performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. ∙identifying and testing journal entries, evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud; and We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. Page 7
AIVEDA LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AIVEDA LIMITED (CONTINUED) Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. 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. Stuart Crisp BSc ACA (Senior statutory auditor) for and on behalf of Bishop Fleming Audit Limited Chartered Accountants Statutory Auditors 10 Temple Back Bristol BS1 6FL 12 September 2025 Page 8
AIVEDA LIMITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 MARCH 2025
| 2025 | 2024
Note | £ | £
Turnover | 3 | 4,955,853 | 4,921,661
Cost of sales |  | (1,933,709) | (1,718,371)
Gross profit |  | 3,022,144 | 3,203,290
Administrative expenses |  | (1,038,655) | (1,080,550)
Other operating income |  | - | 2,085
Operating profit |  | 1,983,489 | 2,124,825
Income from fixed asset investments |  | 7,634 | 7,490
Realised/unrealised losses on fixed asset investments |  | (20,423) | -
Interest receivable and similar income | 8 | 61,229 | 27,793
Interest payable and similar expenses | 9 | (211,038) | (265,102)
Profit before taxation |  | 1,820,891 | 1,895,006
Tax on profit | 10 | (452,232) | (492,367)
Profit for the financial year |  | 1,368,659 | 1,402,639
Profit for the year attributable to: |  |  |
Owners of the parent Company |  | 1,368,659 | 1,402,639
|  | 1,368,659 | 1,402,639
There was no other comprehensive income for 2025 (2024:£NIL).
The notes on pages 16 to 36 form part of these financial statements.
Page 9
AIVEDA LIMITED REGISTERED NUMBER:07191072 CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
| 2025 | 2024
Note | £ | £
Fixed assets |  |  |
Intangible assets | 11 | 1,279,083 | 1,368,333
Tangible assets | 12 | 3,955,279 | 4,007,518
Investments | 13 | 270,319 | 285,687
|  | 5,504,681 | 5,661,538
Current assets |  |  |
Stocks | 14 | 19,750 | 19,750
Debtors: amounts falling due within one year | 15 | 219,819 | 253,312
Current asset investments | 16 | 1,028,990 | -
Cash at bank and in hand | 17 | 1,226,283 | 2,001,129
|  | 2,494,842 | 2,274,191
Creditors: amounts falling due within one year | 18 | (927,043) | (1,300,057)
Net current assets |  | 1,567,799 | 974,134
Total assets less current liabilities |  | 7,072,480 | 6,635,672
Creditors: amounts falling due after more than one year | 19 | (1,989,079) | (2,494,251)
Provisions for liabilities |  |  |
Deferred taxation | 22 | - | (7,970)
|  | - | (7,970)
Net assets |  | 5,083,401 | 4,133,451
Capital and reserves |  |  |
Called up share capital | 23 | 100 | 100
Profit and loss account | 24 | 5,083,301 | 4,133,351
Equity attributable to owners of the parent Company |  | 5,083,401 | 4,133,451
|  | 5,083,401 | 4,133,451
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Reepa Fatania
Director
Date: 11 September 2025
The notes on pages 16 to 36 form part of these financial statements. Page 10
AIVEDA LIMITED REGISTERED NUMBER:07191072 COMPANY STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
| 2025 | 2024
Note | £ | £
Fixed assets |  |  |
Intangible assets | 11 | - | 1,368,333
Tangible assets | 12 | 92,959 | 4,007,518
Investments | 13 | 270,619 | 285,687
|  | 363,578 | 5,661,538
Current assets |  |  |
Stocks | 14 | 250 | 19,750
Debtors: amounts falling due within one year | 15 | 3,354,602 | 253,312
Current asset investments | 16 | 1,028,990 | -
Cash at bank and in hand | 17 | 1,091,780 | 2,001,129
|  | 5,475,622 | 2,274,191
Creditors: amounts falling due within one year | 18 | (492,159) | (1,300,057)
Net current assets |  | 4,983,463 | 974,134
Total assets less current liabilities |  | 5,347,041 | 6,635,672
Creditors: amounts falling due after more than one year | 19 | (1,989,079) | (2,494,251)
Provisions for liabilities |  |  |
Deferred taxation | 22 | (21,471) | (7,970)
|  | (21,471) | (7,970)
Net assets |  | 3,336,491 | 4,133,451
Capital and reserves |  |  |
Called up share capital | 23 | 100 | 100
Profit and loss account | 24 | 3,336,391 | 4,133,351
|  | 3,336,491 | 4,133,451
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Reepa Fatania
Director
Date: 11 September 2025
The notes on pages 16 to 36 form part of these financial statements. Page 11
AIVEDA LIMITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 April 2023 | 100 | 2,841,426 | 2,841,526
Comprehensive income for the year |  |  |
Profit for the year | - | 1,402,639 | 1,402,639
Contributions by and distributions to owners |  |  |
Dividends: Equity capital | - | (110,714) | (110,714)
At 1 April 2024 | 100 | 4,133,351 | 4,133,451
Comprehensive income for the year |  |  |
Profit for the year | - | 1,368,659 | 1,368,659
Contributions by and distributions to owners |  |  |
Dividends: Equity capital | - | (418,709) | (418,709)
At 31 March 2025 | 100 | 5,083,301 | 5,083,401
| The notes on pages 16 to 36 form part of these financial statements.
Page 12
AIVEDA LIMITED COMPANY STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 April 2023 | 100 | 2,841,426 | 2,841,526
Comprehensive income for the year |  |  |
Profit for the year | - | 1,402,639 | 1,402,639
Contributions by and distributions to owners |  |  |
Dividends: Equity capital | - | (110,714) | (110,714)
At 1 April 2024 | 100 | 4,133,351 | 4,133,451
Comprehensive income for the year |  |  |
Loss for the year | - | (378,251) | (378,251)
Contributions by and distributions to owners |  |  |
Dividends: Equity capital | - | (418,709) | (418,709)
At 31 March 2025 | 100 | 3,336,391 | 3,336,491
| The notes on pages 16 to 36 form part of these financial statements.
Page 13
AIVEDA LIMITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025
|  |  | 2025 | 2024
|  |  | £ | £
Cash flows from operating activities |  |
Profit for the financial year | 1,368,659 | 1,402,639
Adjustments for: |  |
Amortisation of intangible assets | 89,250 | 89,250
Depreciation of tangible assets | 55,635 | 51,537
Revaluation of listed investments | (13,935) | 1,191
Loss on disposal of tangible assets | 7,585 | 6,134
Interest payable | 211,038 | 265,102
Interest receivable | (61,229) | (35,283)
Taxation charge | 452,232 | 492,367
Increase in stocks | - | (4,750)
Decrease/(increase) in debtors | 26,293 | (105,642)
(Decrease)/increase in creditors | (54,156) | 111,964
Corporation tax paid | (793,164) | (201,891)
Net cash generated from operating activities | 1,288,208 | 2,072,618
Cash flows from investing activities |  |
Purchase of tangible fixed assets | (10,981) | (120,668)
Sale of tangible fixed assets | - | 2,667
Purchase of listed investments | (45,808) | (19,159)
Sale of listed investments | 75,111 | 22,360
Purchase of short-term unlisted investments | (1,028,990) | -
Interest received | 61,229 | 27,793
Net cash (used in) / from investing activities | (949,439) | (87,007)
Cash flows from financing activities |  |
Repayment of loans | (523,902) | (1,137,662)
Dividends paid | (418,709) | (110,714)
Interest paid | (211,038) | (265,102)
Amounts introduced by Directors | 73,153 | 4,589
Amounts repaid to Directors | (33,119) | (50,376)
Net cash used in financing activities | (1,113,615) | (1,559,265)
Net (decrease)/increase in cash and cash equivalents | (774,846) | 426,346
Page 14
AIVEDA LIMITED CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
|  | 2025 | 2024
|  | £ | £
Cash and cash equivalents at beginning of year | 2,001,129 | 1,574,783
Cash and cash equivalents at the end of year | 1,226,283 | 2,001,129
Cash and cash equivalents at the end of year comprise: |  |
Cash at bank and in hand | 1,226,283 | 2,001,129
| 1,226,283 | 2,001,129
Page 15
AIVEDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | GENERAL INFORMATION
Aiveda Limited is a private company limited by shares incorporated in England and Wales. The registered office address is 38 Drummond Drive, Stanmore, Middlesex, HA7 3PD. The principal activity of the Group during the year was providing residential and other related care facilities for the elderly and disabled. 2.ACCOUNTING POLICIES
| 2.1 | BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies. The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements. The financial statements have been prepared in GBP and are rounded to the nearest pound. The following principal accounting policies have been applied:
| 2.2 | BASIS OF CONSOLIDATION
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full. The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of financial position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.
| 2.3 | GROUP REORGANISATION AND HIVE DOWN TRANSACTIONS
As explained in note 30, the parent company undertook a group reorganisation on 1 April 2024 involving the hive down of its trade and related assets to three wholly owned subsidiaries. The company has applied the principles of hybrid demerger accounting, which combines elements of merger accounting and acquisition accounting as permitted under FRS 102 Section 19 and relevant guidance. The hive down transactions have been accounted for using predecessor value (book value) accounting, reflecting the carrying amounts of assets (including the preexisting goodwill balances) and liabilities transferred. No new goodwill has been recognised in respect of these transfers, as the transactions occurred under common control and did not constitute a business combination in substance. Page 16
AIVEDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.4 | GOING CONCERN
The financial statements have been prepared on a going concern basis. The directors have considered a period of twelve months from the date of approval of the financial statements and believe that the parent company and the group will be able to continue to meet liabilities as they fall due in that period.
| 2.5 | TURNOVER
Revenue from accommodation and care services is recognised monthly as the services are delivered to residents. This reflects the transfer of benefits to the customer and aligns with the performance obligations under the care agreement. Any government funding or local authority contributions are recognised in line with the agreed funding arrangements and when the conditions for entitlement are met.
| 2.6 | OPERATING LEASES: THE GROUP AS LESSEE
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.7 | INTEREST INCOME
Interest income is recognised in profit or loss using the effective interest method.
| 2.8 | FINANCE COSTS
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.9 | PENSIONS
Defined contribution pension plan The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Group in independently administered funds. Page 17
AIVEDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.10 | CURRENT AND DEFERRED TAXATION
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited 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 deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and ∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future. Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.11 | GOODWILL
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life of twenty years. Page 18
AIVEDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.12 | TANGIBLE FIXED ASSETS
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged on all fixed assets, except for freehold land, so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method or reducing balance method. Depreciation is provided on the following basis:
|  |  |  | Freehold buildings | - | 2% on cost
|  |  |  | Plant and machinery | - | 15% or 25% on reducing balance
|  |  |  | Motor vehicles | - | 15% on reducing balance
|  |  |  | Fixtures and fittings | - | 15% on reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.13 | VALUATION OF INVESTMENTS
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.14 | STOCKS
Stocks comprise consumables to be sold or used in the next period, and is based on the cost of purchase.
| 2.15 | DEBTORS
Short-term debtors are measured at transaction price, less any impairment.
| 2.16 | CURRENT ASSET INVESTMENTS
Current asset investments comprise cash on deposit with a notice period of more than three months but less than one year. Page 19
AIVEDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.17 | CASH AND CASH EQUIVALENTS
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.18 | CREDITORS
Short-term creditors are measured at the transaction price. 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.
| 2.19 | PROVISIONS FOR LIABILITIES
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.20 | FINANCIAL INSTRUMENTS
The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Group's Statement of financial position when the Group becomes party to the contractual provisions of the instrument. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Basic 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 Group after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Page 20
AIVEDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.20 | FINANCIAL INSTRUMENTS (continued)
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
| 2.21 | DIVIDENDS
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | TURNOVER
The whole of the turnover is attributable to the principal activity of the Group. All turnover arose within the United Kingdom.
4. | OPERATING PROFIT
| The operating profit is stated after charging:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Hire of plant and machinery | 1,045 | 227
| Depreciation | 55,635 | 51,538
| Loss on disposal of fixed assets | 7,585 | 6,134
| Amortisation | 89,250 | 89,250
5. | AUDITORS' REMUNERATION
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fees payable to the Company's auditors for the audit of the consolidated and parent Company's financial statements | 26,000 | 8,400
| In 2024, fees payable in respect of audit services were made to SRV Delson Chartered Accountants.
Page 21
AIVEDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | EMPLOYEES
| Staff costs, including directors' remuneration, were as follows:
|  | Group | Group | Company | As restated Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Wages and salaries | 1,924,657 | 1,603,940 | 79,644 | 1,603,940
| Social security costs | 180,986 | 141,420 | 6,249 | 141,420
| Cost of defined contribution scheme | 32,521 | 26,096 | 1,191 | 26,096
|  | 2,138,164 | 1,771,456 | 87,084 | 1,771,456
| The 2024 costs of the company have been restated from those previously reported in last year's financial statements. The costs previously disclosed included only those wage costs classified as administrative expenses, and omitted the wage costs classified within cost of sales.
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | Group | Group | Company | Company
|  |  | 2025 | 2024 | 2025 | 2024
|  |  | No. | No. | No. | No.
|  | Nurses | 4 | 4 | - | 4
|  | Care Staff | 72 | 66 | - | 66
|  | Administrative / Managers | 11 | 8 | 5 | 8
|  | Maintenance | 3 | 3 | - | 3
|  | Directors | 2 | 2 | 2 | 2
|  |  | 92 | 83 | 7 | 83
7. | DIRECTORS' REMUNERATION
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Directors' emoluments | 18,028 | 14,014
|  | 18,028 | 14,014
Page 22
AIVEDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. | INTEREST RECEIVABLE
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank interest receivable | 59,416 | 27,793
| Other interest receivable | 1,813 | -
|  | 61,229 | 27,793
9. | INTEREST PAYABLE AND SIMILAR EXPENSES
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loan interest payable | 211,038 | 265,102
|  | 211,038 | 265,102
10. | TAXATION
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax |  |
| Current tax on profits for the year | 491,097 | 493,082
|  | 491,097 | 493,082
| Total current tax | 491,097 | 493,082
| Deferred tax |  |
| Origination and reversal of timing differences | (38,865) | (715)
| Total deferred tax | (38,865) | (715)
|  | 452,232 | 492,367
Page 23
AIVEDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10.TAXATION (CONTINUED)
| FACTORS AFFECTING TAX CHARGE FOR THE YEAR
| The tax assessed for the year is lower than (2024: higher than) the standard rate of corporation tax in the UK of 25% (2024: 25%). The differences are explained below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 1,820,888 | 1,895,006
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024: 25%) | 455,222 | 473,752
| Effects of: |  |
| Expenses not deductible for tax purposes | 7,989 | 835
| Income not taxable for tax purposes | (1,877) | (1,873)
| Capital allowances for year in excess of depreciation | - | 17,294
| Loss on disposal of assets | - | 3,237
| Adjustments to tax charge in respect of prior periods | - | (21)
| Capital gains | (536) | -
| Fixed asset differences | 3,569 | -
| Other tax adjustments, reliefs and transfers | 143 | -
| Withholding tax | - | (142)
| Deferred tax not recognised | (12,278) | (715)
| Total tax charge for the year | 452,232 | 492,367
| FACTORS THAT MAY AFFECT FUTURE TAX CHARGES
There were no factors that may affect future tax charges. Page 24
AIVEDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
11. | INTANGIBLE ASSETS
| Group
|  | Goodwill
|  | £
| Cost |
| At 1 April 2024 | 1,785,000
| At 31 March 2025 | 1,785,000
| Amortisation |
| At 1 April 2024 | 416,667
| Charge for the year | 89,250
| At 31 March 2025 | 505,917
| Net book value |
| At 31 March 2025 | 1,279,083
| At 31 March 2024 | 1,368,333
| Company
|  | Goodwill
|  | £
| At 1 April 2024 | 1,785,000
| Intra-group transfers | (1,785,000)
| At 31 March 2025 | -
| At 1 April 2024 | 416,667
| Intra-group transfers | (416,667)
| At 31 March 2025 | -
| Net book value |
| At 31 March 2025 | -
| At 31 March 2024 | 1,368,333
Page 25
AIVEDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11.INTANGIBLE ASSETS (CONTINUED)
| The goodwill comprises three balances which arose on the acquisition of the Group's three care homes. On 1 April 2024 the parent company transferred its three care homes to its three subsidiaries. The transfers include all related assets, including goodwill, and therefore the table above reflects that transfer.
12. | TANGIBLE FIXED ASSETS
| Group
|  | Freehold property | Plant and machinery | Motor vehicles | Fixtures and fittings | Total
|  | £ | £ | £ | £ | £
| Cost |  |  |  |  |
| At 1 April 2024 | 3,814,897 | 82,139 | 105,127 | 289,791 | 4,291,954
| Additions | - | 4,293 | - | 6,688 | 10,981
| Disposals | - | (9,883) | - | (19,174) | (29,057)
| At 31 March 2025 | 3,814,897 | 76,549 | 105,127 | 277,305 | 4,273,878
| Depreciation |  |  |  |  |
| At 1 April 2024 | 44,850 | 42,332 | 2,630 | 194,624 | 284,436
| Charge for the year | 9,691 | 6,031 | 15,375 | 24,538 | 55,635
| Disposals | - | (5,997) | - | (15,475) | (21,472)
| At 31 March 2025 | 54,541 | 42,366 | 18,005 | 203,687 | 318,599
| Net book value |  |  |  |  |
| At 31 March 2025 | 3,760,356 | 34,183 | 87,122 | 73,618 | 3,955,279
| At 31 March 2024 | 3,770,047 | 39,807 | 102,497 | 95,167 | 4,007,518
Page 26
AIVEDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12.TANGIBLE FIXED ASSETS (CONTINUED)
| Company
|  | Freehold property | Plant and machinery | Motor vehicles | Fixtures and fittings | Total
|  | £ | £ | £ | £ | £
| Cost |  |  |  |  |
| At 1 April 2024 | 3,814,897 | 82,139 | 105,127 | 289,791 | 4,291,954
| Additions | - | - | - | 2,107 | 2,107
| Transfers intra group | (3,814,897) | (81,564) | - | (270,743) | (4,167,204)
| At 31 March 2025 | - | 575 | 105,127 | 21,155 | 126,857
| Depreciation |  |  |  |  |
| At 1 April 2024 | 44,850 | 42,332 | 2,630 | 194,624 | 284,436
| Charge for the year | - | 37 | 15,375 | 1,874 | 17,286
| Transfers intra group | (44,850) | (42,008) | - | (180,966) | (267,824)
| At 31 March 2025 | - | 361 | 18,005 | 15,532 | 33,898
| Net book value |  |  |  |  |
| At 31 March 2025 | - | 214 | 87,122 | 5,623 | 92,959
| At 31 March 2024 | 3,770,047 | 39,807 | 102,497 | 95,167 | 4,007,518
| On 1 April 2024 the parent company transferred its three care homes to its three subsidiaries. The transfers include all related assets, including related tangible fixed assets, and therefore the table above reflects that transfer.
Page 27
AIVEDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
13. | FIXED ASSET INVESTMENTS
| Group
|  | Listed investments
|  | £
| Cost or valuation |
| At 1 April 2024 | 285,687
| Additions | 45,808
| Disposals | (75,111)
| Revaluations | 13,935
| At 31 March 2025 | 270,319
| Company
|  | Investments in subsidiary companies | Listed investments | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2024 | - | 285,687 | 285,687
| Additions | 300 | 45,808 | 46,108
| Disposals | - | (75,111) | (75,111)
| Revaluations | - | 13,935 | 13,935
| At 31 March 2025 | 300 | 270,319 | 270,619
Page 28
AIVEDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| SUBSIDIARY UNDERTAKINGS
| The following were subsidiary undertakings of the Company:
| Name | Registered office | Class of shares | Holding
| Aiveda AC Limited | 38 Drummond Drive, Stanmore, England, HA7 3PD | Ordinary | 100%
| Aiveda ML Limited | 38 Drummond Drive, Stanmore, England, HA7 3PD | Ordinary | 100%
| Aiveda SS Limited | 38 Drummond Drive, Stanmore, England, HA7 3PD | Ordinary | 100%
| The aggregate of the share capital and reserves as at 31 March 2025 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
| Name | Aggregate of share capital and reserves | Profit
|  | £ | £
| Aiveda AC Limited | 971,101 | 971,001
| Aiveda ML Limited | 839,513 | 839,413
| Aiveda SS Limited | 375,182 | 375,082
| The Company's subsidiaries are exempt from the requirements of the Companies Act relating to the audit of the individual accounts under section 479A. Aiveda Limited has given a guarantee under section 479A and all members of the Group agree to the exemption of an audit for the year ended 31 March 2025.
14. | STOCKS
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Consumables | 19,750 | 19,750 | 250 | 19,750
|  | 19,750 | 19,750 | 250 | 19,750
Page 29
AIVEDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
15. | DEBTORS
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Trade debtors | 2,421 | 7,327 | 2,421 | 7,327
| Amounts owed by group undertakings | - | - | 3,018,669 | -
| Amounts owed by companies under common control | 13,665 | - | 1,530 | -
| Other debtors | 16,256 | 71,428 | 14,534 | 71,428
| Prepayments and accrued income | 156,582 | 174,557 | 17,366 | 174,557
| Corporation tax payment in advance | - | - | 300,082 | -
| Deferred taxation | 30,895 | - | - | -
|  | 219,819 | 253,312 | 3,354,602 | 253,312
16. | CURRENT ASSET INVESTMENTS
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Short term deposit account | 1,028,990 | - | 1,028,990 | -
|  | 1,028,990 | - | 1,028,990 | -
17. | CASH AND CASH EQUIVALENTS
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Cash at bank and in hand | 1,226,283 | 2,001,129 | 1,091,780 | 2,001,129
|  | 1,226,283 | 2,001,129 | 1,091,780 | 2,001,129
Page 30
AIVEDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
18. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Bank loans | 441,410 | 460,140 | 441,410 | 460,140
| Trade creditors | 23,482 | 48,881 | 2,019 | 48,881
| Amounts owed by companies under common control | 1,939 | - | 1,939 | -
| Corporation tax | 190,873 | 492,940 | - | 492,940
| Other taxation and social security | 35,793 | 38,215 | 3,725 | 38,215
| Other creditors | 106,038 | 174,038 | 374 | 174,038
| Accruals and deferred income | 127,508 | 85,843 | 42,692 | 85,843
|  | 927,043 | 1,300,057 | 492,159 | 1,300,057
19. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Bank loans | 1,989,079 | 2,494,251 | 1,989,079 | 2,494,251
|  | 1,989,079 | 2,494,251 | 1,989,079 | 2,494,251
The Barclays bank loan is secured against the freehold property owned by the Group and carries interest at a rate of 2.5% over the official Bank Rate. The loan is repayable in installments over a period to February 2032. The two directors have also given a personal deed of guarantee which is limited to £500,000. Page 31
AIVEDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
20. | LOANS
| Analysis of the maturity of loans is given below:
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Amounts falling due within one year |  |  |  |
| Bank loans | 441,410 | 460,140 | 441,410 | 460,140
|  | 441,410 | 460,140 | 441,410 | 460,140
| Amounts falling due 1-2 years |  |  |  |
| Bank loans | 440,878 | 460,139 | 440,878 | 460,139
|  | 440,878 | 460,139 | 440,878 | 460,139
| Amounts falling due 2-5 years |  |  |  |
| Bank loans | 1,322,635 | 1,380,421 | 1,322,635 | 1,380,421
|  | 1,322,635 | 1,380,421 | 1,322,635 | 1,380,421
| Amounts falling due after more than 5 years |  |  |  |
| Bank loans | 225,566 | 653,691 | 225,566 | 653,691
|  | 225,566 | 653,691 | 225,566 | 653,691
|  | 2,430,489 | 2,954,391 | 2,430,489 | 2,954,391
21. | FINANCIAL INSTRUMENTS
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Financial assets |  |  |  |
| Financial assets measured at fair value through profit or loss | 270,319 | 285,687 | 270,319 | 285,687
| Financial liabilities |  |  |  |
| Financial assets measured at fair value through profit or loss comprise listed investments.
Page 32
AIVEDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
22. | DEFERRED TAXATION
| Group
|  | 2025
|  | £
| Liability at beginning of year | (7,970)
| Credited to profit or loss | 38,865
| Asset at end of year | 30,895
| Company
|  | 2025
|  | £
| Liability at beginning of year | (7,970)
| Charged to profit or loss | (13,501)
| Liability at end of year | (21,471)
| The deferred taxation balance is made up as follows:
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Accelerated capital allowances | 30,895 | (7,970) | (21,471) | (7,970)
|  | 30,895 | (7,970) | (21,471) | (7,970)
Page 33
AIVEDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
23. | SHARE CAPITAL
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | Nil (2024: 100) Ordinary shares of £1.00 each | - | 100
|  | 26 (2024: Nil) A Ordinary shares of £1.00 each | 26 | -
|  | 30 (2024: Nil) B Ordinary shares of £1.00 each | 30 | -
|  | 44 (2024: Nil) C Ordinary shares of £1.00 each | 44 | -
|  |  | 100 | 100
| On 17 June 2024 the company's 100 ordinary shares in issue were re-designated as 26 A ordinary shares, 30 B ordinary shares, and 44 C ordinary shares. All share classes rank pari passu in respect of voting rights and rights to capital upon winding up. The only distrinction between the classes is the rate at which dividends are declared and paid, which is determined by the Board of Directors in accordance with the terms of issue.
24. | RESERVES
Profit and loss account The profit and loss reserve includes all current and prior retained period profits and losses.
| 25. | ANALYSIS OF NET DEBT
|  |  | At 1 April 2024 | Cash flows | Other non-cash changes | At 31 March 2025
|  |  | £ | £ | £ | £
| Cash at bank and in hand | 2,001,129 | (774,846) | - | 1,226,283
| Debt due after 1 year | (2,494,251) | - | 505,172 | (1,989,079)
| Debt due within 1 year | (460,140) | 523,902 | (505,172) | (441,410)
| Unlisted investments | - | 1,028,990 | - | 1,028,990
|  | (953,262) | 778,046 | - | (175,216)
26. | PENSION COMMITMENTS
The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £32,521. Contributions totalling £2,530 were payable to the fund at the reporting date and are included in creditors. Page 34
AIVEDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
27. | COMMITMENTS UNDER OPERATING LEASES
| At 31 March 2025 the Group and the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  | Group | Group
|  | 2025 | 2024
|  | £ | £
| Not later than 1 year | 338 | -
| Later than 1 year and not later than 5 years | 677 | -
|  | 1,015 | -
28. | TRANSACTIONS WITH DIRECTORS
The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024
|  | 2025 | 2024
|  | £ | £
| Mrs Reepa Fatania |  |
| Balance outstanding at start of year | 10,858 | 2,810
| Amounts advanced | 10,180 | 8,048
| Amounts repaid | (12,500) | -
| Balance outstanding at end of the year | 8,538 | 10,858
|  | 2025 | 2024
|  | £ | £
| Mr Rajesh Fatania |  |
| Balance outstanding at start of year | 37,881 | 142
| Amounts advanced | 22,939 | 37,739
| Amounts repaid | (60,653) | -
| Balance outstanding at end of year | 167 | 37,881
29. | RELATED PARTY TRANSACTIONS
| In accordance with FRS 102 section 33.1A the company has taken advantage of the exemption available not to disclose the details of transactions entered into between wholly owned subsidiaries of the Saved Limited group. During the year, software costs of £2,273 (2024: £3,854) were recharged by Abaci Accountancy Limited, of which £1,939 (2024: £Nil) was due at the year end. During the year, wages and salaries costs of £138,051 (2024: £17,623) were recharged to Humanicare Ltd, of which £12,135 (2024: £Nil) outstanding at the year end. During the year, loan repayments of £280 (2024: £1,250) were received from Inyta Limited, of which £1,530 (2024: £Nil) was outstanding at the year end.
Page 35
AIVEDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
30. | GROUP REORGANISATION AND HIVE DOWN TRANSACTIONS
On 1 April 2024 the trade and net assets of Aiveda Limited were transferred to Aiveda AC Limited, Aiveda ML Limited and Aiveda SS Limited. The book value of the assets and liabilities transferred from Aiveda Limited were £1,047,508 to Aiveda AC Limited, £3,495,357 to Aiveda ML Limited and £655,293 to Aiveda SS Limited. The consideration for the transactions was credited to intercompany. As at 31 March 2025, Aiveda Limited was owed £146,760 by Aiveda AC Limited, £2,581,385 by Aiveda ML Limited and £290,524 by Aiveda SS Limited.
31. | CONTROLLING PARTY
There is no ultimate controlling party.
Page 36