REGISTERED NUMBER: 07703591 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SPRINGCARE (KNUTSFORD) LIMITED

Page

Company Information

1

Group Strategic Report

2

to

4

Report of the Director

5

Report of the Independent Auditors

6

to

10

Consolidated Statement of Comprehensive Income

11

Consolidated Statement of Financial Position

12

Company Statement of Financial Position

13

Consolidated Statement of Changes in Equity

14

Company Statement of Changes in Equity

15

Consolidated Statement of Cash Flows

16

Notes to the Consolidated Statement of Cash Flows

17

to

18

Notes to the Consolidated Financial Statements

19

to

33

DIRECTOR:

L D Cox

REGISTERED OFFICE:

Nicholson House

Shakespeare Way

Whitchurch

SY13 1LJ

BUSINESS ADDRESS:

Bucklow Manor Nursing Home

Chester Road

Bucklow Hill

Knutsford

Cheshire

WA16 6RR

REGISTERED NUMBER:

07703591 (England and Wales)

SENIOR STATUTORY AUDITOR:

Michelle Coates

AUDITORS:

Sumer Auditco Limited

Chartered Accountants & Statutory Auditors

Stone House

Stone Road Business Park

Stoke-on-Trent

ST4 6SR

The director presents his strategic report of the company and the group for the year ended 31 December 2024.

Financial summary

The results for the year and financial position of the company are shown in the annexed statements.

The director is pleased with the 2024 contribution for the year from the group's two homes. The group has achieved good fee rates and occupancy levels. Occupancy in 2024 continues to show positive growth.

Occupancy levels at Bucklow Manor have increased by 16% in 2024 compared to the prior year, assisted with a decrease in the average fee by 8%. We continue to monitor staffing levels to ensure optimal staffing within the home. With the improvement of the CQC rating to "Good" at Bucklow Manor in 2023, we anticipate that with the increase in occupancy, the average fee will rise in the future.

Occupancy levels at Henning Hall have risen by 4% in 2024 compared to the prior year, accompanied by an 5% increase in the average fee. Staffing levels continue to be closely monitored to ensure the home remains appropriately resourced. In 2025, the home was inspected by the CQC, with the rating maintained at "Good." As a result, we anticipate that strong occupancy and fee levels will be sustained going forward.

The group operates in a highly competitive market. Inflationary pressures remain a point of concern and this will depend on the extent on how fees rise to allow to be offset against the inflationary pressures and the resulting cost of care provision. The sector uses a significant amount of labour, energy and food, costs of which all saw price growth in the year. Price monitoring and market research are carried out to help mitigate such risks.

Key performance indicator

The key performance indicators used to monitor progress of the Company against its objectives are:

- Average occupancy

- Average weekly fee levels

- Staff turnover and retention

- Staff and agency costs

- EBITDA

- Compliance with changing legislation i.e CQC, HSE

Financial

The director regularly monitors EBITDA, occupancy, fee levels and agency costs.

Due to occupancy rising in 2023 / 24 staff retention and recruitment is as important as ever within our Group and Company, and a challenge for the Care Sector.

We have seen an improvement in recruitment and retention in 2024 of staff for all roles across the group.

Financial KPI's

2024

2023

Turnover

5,933,139

5,526,848

Gross profit

2,384,095

2,318,153

Gross profit %

40.18%

41.94%

Profit before tax

1,324,274

1,175,002

Profit after tax

991,303

897,070

Non-Financial

Staff KPI's include the review of retention of staff, together with monitoring staff recruitment and ensuring the training of our staff.

Clinical quality monitors safety, service user experience and management education and training and development.

KEY RISKS AND UNCERTAINTIES

The company faces a number of risks and uncertainties from external factors. The following are the most significant;

Reputation

Serious events related to the delivery of care services have the potential to generate negative media coverage and increase scrutiny from both regulators and the families of residents.

To reduce this risk, we provide ongoing training to all staff through a structured programme that includes both mandatory and specialist development. All care staff undergo Disclosure and Barring Service (DBS) checks. We also utilise a leading electronic compliance system to monitor adherence to care standards. Robust procedures are in place to report and review risks and incidents, with lessons learned integrated into practice to help prevent recurrence.

Competition

The Group try to remain as competitive as possible within the geographical locations of our homes. The business monitors prices to ensure its services are appropriately priced to compete and provide value for residents.

Other key considerations are population density, age profile and the availability of staff.

The UK's over-65 population is expected to grow to approximately 15.3 million by 2030 and 18.8 million by 2050, and current market analysis indicates that this will continue to place significant pressure on the elderly care sector. The market remains at risk of reaching capacity by the end of this decade, with a shortfall of more than 200,000 care beds anticipated by 2050, underscoring the ongoing need for additional investment and development.

Financial risk management

The company's operations expose it to a variety of financial risks that include the effects of changes in credit risk, liquidity risk and interest rate risk. The company has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the group by monitoring levels of finance and related finance costs.

Key procedures include:

- monthly management account reporting

- regular cashflow re-forecasting as circumstances change; and

- involvement of the management team in the day-to-day operations of the Company and it's subsidiaries.

Fee revenue

A proportion of the company's turnover is derived from government funded clients and as such increases in fee rates are important for the company to maintain its margins. If fee rates do not increase in line with costs then the company is likely to suffer lower margins as a result.

Quality and regulation

Both care homes within the group have a current overall CQC rating of good.

The success of the homes are reliant on compliance with our regulators. We continue to strive to provide high quality services within a challenging economic time and are full aware of any failure to comply could include financial penalties, revocation of licences to operate and damage to reputation. The current portfolio of homes in relation to overall compliance finds the Company in a strong position.

Property risks

Property risks include the potential for significant events such as major fires, legionella outbreaks, structural damage, or critical equipment failure. A serious fire could pose a direct threat to the safety of residents and staff, while the loss of key infrastructure or equipment could severely disrupt care delivery.

To mitigate these risks, external fire risk assessments are conducted annually or at the latest every three years, with interim internal reviews ensuring any emerging concerns, whether that is structural or operational, are promptly addressed. We aim for full compliance across all statutory planned maintenance activities, including routine checks of fire alarms and gas systems.

Staff training is a key element of our fire safety strategy, ensuring that team members are not only prepared to respond to emergencies but are also aware of potential fire hazards. Additionally, all care homes operate under a legionella testing and compliance schedule. Our overall approach remains strongly risk-averse, prioritising safety and service continuity at all times.

Future developments

The group plans to continue to develop and deliver high quality nursing and residential services.

As part of our commitment to improving operational efficiency and financial oversight, we have recently implemented several key systems. We introduced a dedicated prepaid card and expense management system to handle residents' monies, providing enhanced transparency, security, and accountability in managing these funds. In addition, in 2025, we deployed a new cash flow management system that enables us to more effectively monitor, manage, and accurately forecast the business's future cash flow position, thereby strengthening our financial planning capabilities.

Taxation and PAYE

During the year, the Springcare Knutsford Group have paid £1,042,589 to HM Revenue and Customs in the form of payroll and corporation taxes.

ON BEHALF OF THE BOARD:

L D Cox - Director

29 September 2025

The director presents his report with the financial statements of the company and the group for the year ended 31 December 2024.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2024.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTOR

L D Cox held office during the whole of the period from 1 January 2024 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 director is 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 he 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 are deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

ON BEHALF OF THE BOARD:

L D Cox - Director

29 September 2025

Opinion

We have audited the financial statements of Springcare (Knutsford) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, 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 31 December 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, 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 Director 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 Director 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 Director.

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 director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page five, the director is 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 director determines 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 director is 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 director either intends to liquidate the group or the parent company or to cease operations, or has 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 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:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

•

the nature of the industry and sector, control environment and business performance including the design of the group remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets;

•

results of our enquiries of management about their own identification and assessment of the risks of irregularities;

•

any matters we identified having obtained and reviewed the group documentation of their policies and procedures relating to:

-

identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance;

-

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;

•

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.

Based on this approach, we were able to assess the group risks and ensure the risks were considered throughout all areas of audit testing across all group companies. The audit team was professionally sceptical throughout the audit and remained alert for inaccurate or misleading information.

Audit response to risks identified

As a result of performing the above, we identified the outcome of CQC inspections of the group's residential homes as a key audit matter related to the potential risk of fraud or irregularities.

Our procedures to respond to risks identified included the following:

• reviewing the outcome of CQC inspections and other correspondence with CQC.

• 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;

• enquiring of management concerning actual and potential litigation and claims;

• performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

• obtaining an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

• in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Audit testing was completed on a targeted sample basis based on our assessment of risk and materiality. Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

-

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

-	Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control.

-	Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the director.

-

Conclude on the appropriateness of the director's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group or the parent company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Report of the Auditors to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Report of the Auditors. However, future events or conditions may cause the group or the parent company to cease to continue as a going concern.

-	Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

-	Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express and opinion on the consolidated financial statements.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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.

Michelle Coates (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

Chartered Accountants & Statutory Auditors

Stone House

Stone Road Business Park

Stoke-on-Trent

ST4 6SR

30 September 2025

TURNOVER

5,933,139

5,526,848

Cost of sales

(3,549,044

)

(3,208,695

)

GROSS PROFIT

2,384,095

2,318,153

Administrative expenses

(736,216

)

(816,589

)

1,647,879

1,501,564

Other operating income

5,600

5,988

OPERATING PROFIT

4

1,653,479

1,507,552

Interest payable and similar expenses

5

(329,205

)

(332,550

)

PROFIT BEFORE TAXATION

1,324,274

1,175,002

Tax on profit

6

(332,971

)

(277,932

)

PROFIT FOR THE FINANCIAL YEAR

991,303

897,070

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

991,303

897,070

Profit attributable to:

Owners of the parent

991,303

897,070

Total comprehensive income attributable to:

Owners of the parent

991,303

897,070

FIXED ASSETS

Tangible assets

8

15,723,797

8,309,896

Investments

9

-

-

15,723,797

8,309,896

CURRENT ASSETS

Stocks

10

3,089

3,089

Debtors

11

5,398,142

4,360,125

Cash at bank and in hand

174,850

209,919

5,576,081

4,573,133

CREDITORS

Amounts falling due within one year

12

(6,128,402

)

(5,844,819

)

NET CURRENT LIABILITIES

(552,321

)

(1,271,686

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,171,476

7,038,210

CREDITORS

Amounts falling due after more than one year

13

(4,532,046

)

(4,778,049

)

PROVISIONS FOR LIABILITIES

16

(9,237

)

(27,756

)

NET ASSETS

10,630,193

2,232,405

CAPITAL AND RESERVES

Called up share capital

17

100

100

Non-distributable reserve

18

10,066,894

2,660,409

Retained earnings

18

563,199

(428,104

)

SHAREHOLDERS' FUNDS

10,630,193

2,232,405

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

L D Cox - Director

FIXED ASSETS

Tangible assets

8

4,300,000

4,751,684

Investments

9

200

200

4,300,200

4,751,884

CURRENT ASSETS

Stocks

10

1,183

1,183

Debtors

11

4,093,429

4,055,771

Cash at bank and in hand

37,372

31,287

4,131,984

4,088,241

CREDITORS

Amounts falling due within one year

12

(4,305,314

)

(4,269,814

)

NET CURRENT LIABILITIES

(173,330

)

(181,573

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,126,870

4,570,311

CREDITORS

Amounts falling due after more than one year

13

(2,416,256

)

(2,472,786

)

PROVISIONS FOR LIABILITIES

16

(2,039

)

(12,366

)

NET ASSETS

1,708,575

2,085,159

CAPITAL AND RESERVES

Called up share capital

17

100

100

Non-distributable reserve

18

2,264,971

2,660,409

Retained earnings

18

(556,496

)

(575,350

)

SHAREHOLDERS' FUNDS

1,708,575

2,085,159

Company's profit/(loss) for the financial year

18,854

(70,904

)

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

L D Cox - Director

Called up

share

Retained

Non-distributable

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2023

100

(1,325,174

)

2,660,409

1,335,335

Changes in equity

Total comprehensive income

-

897,070

-

897,070

Balance at 31 December 2023

100

(428,104

)

2,660,409

2,232,405

Changes in equity

Total comprehensive income

-

991,303

7,406,485

8,397,788

Balance at 31 December 2024

100

563,199

10,066,894

10,630,193

Called up

share

Retained

Non-distributable

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2023

100

(504,446

)

2,660,409

2,156,063

Changes in equity

Total comprehensive income

-

(70,904

)

-

(70,904

)

Balance at 31 December 2023

100

(575,350

)

2,660,409

2,085,159

Changes in equity

Total comprehensive income

-

18,854

(395,438

)

(376,584

)

Balance at 31 December 2024

100

(556,496

)

2,264,971

1,708,575

Cash flows from operating activities

Cash generated from operations

1

980,070

(15,760

)

Interest paid

(324,234

)

(332,550

)

Interest element of hire purchase or finance lease rental payments paid

(4,971

)

-

Tax paid

(323,256

)

-

Net cash from operating activities

327,609

(348,310

)

Cash flows from investing activities

Purchase of tangible fixed assets

(103,910

)

(111,512

)

Net cash from investing activities

(103,910

)

(111,512

)

Cash flows from financing activities

Loan repayments in the year

(180,059

)

(83,227

)

Net cash from financing activities

(180,059

)

(83,227

)

Increase/(decrease) in cash and cash equivalents

43,640

(543,049

)

Cash and cash equivalents at beginning of year

2

131,210

674,259

Cash and cash equivalents at end of year

2

174,850

131,210

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

31.12.24

31.12.23

£

£

Profit before taxation

1,324,274

1,175,002

Depreciation charges

96,495

178,308

Finance costs

329,205

332,550

1,749,974

1,685,860

Increase in stocks

-

(745

)

Increase in trade and other debtors

(1,038,017

)

(1,064,764

)

Increase/(decrease) in trade and other creditors

268,113

(636,111

)

Cash generated from operations

980,070

(15,760

)

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

174,850

209,919

Bank overdrafts

-

(78,709

)

174,850

131,210

Year ended 31 December 2023

31.12.23

1.1.23

£

£

Cash and cash equivalents

209,919

674,259

Bank overdrafts

(78,709

)

-

131,210

674,259

3.	ANALYSIS OF CHANGES IN NET DEBT

Other

non-cash

At 1.1.24

Cash flow

changes

At 31.12.24

£

£

£

£

Net cash

Cash at bank

and in hand

209,919

(35,069

)

174,850

Bank overdrafts

(78,709

)

78,709

-

131,210

43,640

174,850

Debt

Debts falling due

within 1 year

(127,453

)

180,059

(246,003

)

(193,397

)

Debts falling due

after 1 year

(4,778,049

)

-

246,003

(4,532,046

)

(4,905,502

)

180,059

-

(4,725,443

)

Total

(4,774,292

)

223,699

-

(4,550,593

)