Registration number: 02363511

The Farthings Care Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 9

The Farthings Care Limited

Company Information

Directors

Mr O Mohammad Mr S Stocks

Registered office

Ground Floor Seneca House Links Point Amy Johnson Way Blackpool FY4 2FF

Accountants

Crossley & Davis Chartered Accountants Ground Floor, Seneca House Links Point, Amy Johnson Way Blackpool Lancashire FY4 2FF

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Farthings Care Limited
for the Period Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Farthings Care Limited for the period ended 31 December 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Farthings Care Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Farthings Care Limited and state those matters that we have agreed to state to the Board of Directors of The Farthings Care Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Farthings Care Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Farthings Care Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Farthings Care Limited. You consider that The Farthings Care Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of The Farthings Care Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Crossley & Davis Chartered Accountants
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

30 September 2025

The Farthings Care Limited

(Registration number: 02363511)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	3	23,092	720,097
Current assets
Debtors	4	161,602	65,255
Cash at bank and in hand		235,056	959,012
		396,658	1,024,267
Creditors: Amounts falling due within one year	5	(262,211)	(229,548)
Net current assets		134,447	794,719
Total assets less current liabilities		157,539	1,514,816
Provisions for liabilities		(5,921)	(11,859)
Net assets		151,618	1,502,957
Capital and reserves
Called up share capital	6	200	200
Revaluation reserve		-	164,389
Retained earnings		151,418	1,338,368
Shareholders' funds		151,618	1,502,957

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

The Farthings Care Limited

(Registration number: 02363511)
Balance Sheet as at 31 December 2024

......................................... Mr O Mohammad Director

The Farthings Care Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 December 2024

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

The Farthings Care Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land	Not depreciated
Freehold Property	2% straight line basis
Fixtures & Fittings	15% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

The Farthings Care Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 December 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 59 (2023 - 56).

3	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 August 2023	1,430,923	228,105	58,208	1,717,236
Disposals	(1,430,923)	-	(58,208)	(1,489,131)
At 31 December 2024	-	228,105	-	228,105
Depreciation
At 1 August 2023	773,240	199,343	24,556	997,139
Charge for the period	31,146	5,670	8,413	45,229
Eliminated on disposal	(804,386)	-	(32,969)	(837,355)
At 31 December 2024	-	205,013	-	205,013
Carrying amount
At 31 December 2024	-	23,092	-	23,092
At 31 July 2023	657,683	28,762	33,652	720,097

Included within the net book value of land and buildings above is £Nil (2023 - £508,683) in respect of freehold land and buildings and £Nil (2023 - £149,000) in respect of long leasehold land and buildings.
 

The Farthings Care Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 December 2024

4

Debtors

Current	2024 £	2023 £
Trade debtors	141,158	54,024
Prepayments	20,444	10,265
Other debtors	-	966
	161,602	65,255

5

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		35,603	32,125
Amounts owed to group undertakings and undertakings in which the company has a participating interest		2,901	-
Taxation and social security		93,410	24,384
Accruals and deferred income		116,295	43,638
Other creditors		14,002	129,401
		262,211	229,548

6	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary A shares of £1 each	100	100	100	100
Non-voting B shares of £1 each	100	100	100	100
	200	200	200	200

The Farthings Care Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 December 2024

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current period were as follows:

	Revaluation reserve £	Retained earnings £	Total £
Surplus/deficit on property, plant and equipment revaluation	-	164,389	164,389
Surplus/deficit on revaluation of other assets	(164,389)	-	(164,389)
	(164,389)	164,389	-

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

	Revaluation reserve £	Retained earnings £	Total £
Surplus/deficit on property, plant and equipment revaluation	-	7,604	7,604
Surplus/deficit on revaluation of other assets	(7,604)	-	(7,604)
	(7,604)	7,604	-

8	Parent and ultimate parent undertaking

On the 7th November 2024 the entire share capital was purchased by Provisio Care Group Ltd.

 The company's immediate parent is Provisio Care Group Ltd, incorporated in England and Wales.