REGISTERED NUMBER: 08564519 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ORTON MANOR LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S Ahmed

Dr S K Ahmed

REGISTERED OFFICE:

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

REGISTERED NUMBER:

08564519 (England and Wales)

AUDITORS:

Luckmans Duckett Parker Limited

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,634,393

1,672,017

1,634,393

1,672,017

CURRENT ASSETS

Debtors

6

159,626

102,148

Cash at bank

4,896

15,635

164,522

117,783

CREDITORS

Amounts falling due within one year

7

1,690,849

2,120,764

NET CURRENT LIABILITIES

(1,526,327

)

(2,002,981

)

TOTAL ASSETS LESS CURRENT LIABILITIES

108,066

(330,964

)

CREDITORS

Amounts falling due after more than one year

8

614,390

742,623

NET LIABILITIES

(506,324

)

(1,073,587

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(506,424

)

(1,073,687

)

(506,324

)

(1,073,587

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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

Dr S K Ahmed - Director

1.	STATUTORY INFORMATION

Orton Manor Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements for the year ended 31 December 2024 have been prepared on a going concern basis.

During the year the company was part of Armighorn Capital Group Limited, which operated on a group-wide cash flow management model. Since the year end the company left the group and the immediate parent company became Orton Manor Holdings Limited with the directors becoming the ultimate controlling party.

The company made a profit for the year but continues to show net current liabilities and net liabilities at the balance sheet date. The company is closely managing its cash flow position. Accordingly, the directors have prepared forecasts from the date of signing these financial statements to 31 December 2026 which demonstrates cash flow can be managed. The company has continued support from its principal lender. In addition, the directors and their related companies will continue to provide financial support as necessary to enable the company to meet its obligations as they fall due.

Notwithstanding the above, the Directors believe that the company will continue as a going concern.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents fees receivable in respect of residential care services provided to residents.Turnover is recognised to the extent that performance occurs and is measured at fair value of the fees receivable. Fees not invoiced to residents by the balance sheet date are included in debtors as accrued income. Fees invoiced to residents in advance of future periods are included in creditors as deferred income.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

1% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Pension costs and other post-retirement benefits

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

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand that are readily convertible to a known amount of cash and are subject to insignificant risk to changes in value. These are shown as current assets.

Bank overdrafts are shown within borrowings in current liabilities in the balance sheet.

Short term creditors

Short term creditors with no stated interest rate that are payable within one year are stated at transaction price. Any losses from impairment are recognised in the profit and loss account.

Loans and borrowing

Bank loans and borrowing are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method less impairment. Loans and borrowings that are receivable within one year are not discounted. If an arrangement constitutes a finance transaction it is measured at present value of future payments discounted at a market rate of interest for a similar loan.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 47 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

236,458

AMORTISATION

At 1 January 2024

and 31 December 2024

236,458

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

1,685,805

303,838

18,000

1,525

2,009,168

Additions

-

382

-

-

382

At 31 December 2024

1,685,805

304,220

18,000

1,525

2,009,550

DEPRECIATION

At 1 January 2024

160,151

166,129

9,346

1,525

337,151

Charge for year

16,858

20,713

435

-

38,006

At 31 December 2024

177,009

186,842

9,781

1,525

375,157

NET BOOK VALUE

At 31 December 2024

1,508,796

117,378

8,219

-

1,634,393

At 31 December 2023

1,525,654

137,709

8,654

-

1,672,017

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

141,112

92,762

Other debtors

13,000

-

Tax

145

-

Prepayments

5,369

9,386

159,626

102,148

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

119,698

45,888

Trade creditors

199,417

221,095

Amounts owed to group undertakings

1,114,454

1,441,832

Tax

-

12,242

Social security and other taxes

148,851

131,916

Other creditors

79,088

69,781

Accruals and deferred income

29,341

198,010

1,690,849

2,120,764

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans more than 1 year

119,698

46,722

Bank loans - 2-5 years

119,698

121,315

Bank loans more 5 yr by instal

374,994

574,586

614,390

742,623

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

374,994

574,586

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

734,088

788,511

Bank loan is secured by way of a fixed and floating charge on all the assets of the company.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Spafford FCA FCCA (Senior Statutory Auditor)

for and on behalf of Luckmans Duckett Parker Limited

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Armighorn Capital Limited.

Subsequent to the year end, on 27 June 2025 Armighorn Capital Limited ceased to be the ultimate controlling party. From this date Orton Manor Holdings Limited became the ultimate controlling party and the directors of this company ultimately control that company.