REGISTERED NUMBER: 05616585 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

H CARE LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Directors' Responsibilities Statement

7

Report of the Independent Auditors

8

Consolidated Income Statement

12

Consolidated Other Comprehensive Income

13

Consolidated Balance Sheet

14

Company Balance Sheet

15

Consolidated Statement of Changes in Equity

16

Company Statement of Changes in Equity

17

Consolidated Cash Flow Statement

18

Notes to the Consolidated Cash Flow Statement

19

Notes to the Consolidated Financial Statements

20

DIRECTORS:

P A de Savary

A M de Savary

A F Rosenbach

J Hurley

K D Janes

M A Quantock Shuldham

REGISTERED OFFICE:

55 Loudoun Road

St John's Wood

London

NW8 0DL

REGISTERED NUMBER:

05616585 (England and Wales)

AUDITORS:

MGR Weston Kay LLP

Statutory Auditors

55 Loudoun Road

St John's Wood

London

NW8 0DL

BANKERS:

Virgin Money

Jubilee House

Gosforth

Newcastle Upon Tyne

NE3 4PL

The directors present their strategic report of the company and the group for the year ended 31 March 2025.

REVIEW OF BUSINESS

Turnover from operations increased by 11.5% (2024: 19%) in the year with the average occupancy of beds/ apartments at 98% (2024: 98%) in line with the previous year.

Staff wages increased by 13% reflecting the need to invest in increasing pay rates in response to a very competitive and shifting labour market and the increasing complexity of new placements. During the year the minimum hourly rate was increased to £12 per hour, 55p above the April 2024 National Minimum Wage. Throughout the period, the group continued its long-established strategy of using no external agency.

During the year:

-

a new Supported Living Service was opened providing an additional 4 Supported Living 1 bed apartments, increasing the total number of Supported Living beds to 8, in addition to the 87 Registered beds.

-

the Group completed the final building work to the redevelopment programme extending existing beds into single occupancy apartments.

-

turnover increased largely as a result of inflationary increases, and higher fees for more complex individuals.

Our focus remains on delivering specialist services for individuals with the highest acuity needs who are difficult to place as few providers can meet their exacting needs and manage the increased risk. Operationally, these niche services rely on our unique data informed care model which underpins care delivery and influences the development of our operational structure with associated cost implications.

Direct costs for the group increased by 10% (2024: 15%) during the year reflecting the above. These exceptional increases peaked during the financial year as the company’s operational model becomes more complete.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors consider the main risks faced by the business are:

-

Those relating to the provision of substandard care. The directors are aware of these risks and continue the development of its sophisticated care planning and recording systems to ensure that the group's care users receive the best quality care, while keeping fully up to date with current and proposed legislation and regulations, together with enhanced Business Continuity planning;

-

The risks associated with the Care Quality Commission and its inadequacies articulated by the Secretary of State for Health & Social Care statement "It's clear to me the CQC is not fit for purpose.The group was subject to four inspections carried out under CQC's heavily criticised and discredited Single Assessment Framework. Due to inconsistencies in approach, in respect of one of the four inspections, a costly but necessary legal challenge was mounted and has been significantly successful. Whilst it remains ongoing, CQC have withdrawn the Inspection Report complained about. CQC is conducting an internal review of process and their report is awaited. It is not considered likely that any significant legal costs will be incurred in this regard.

-

HFHC has applied for permission to proceed with two judicial review applications against the CQC in relation to HFHC's inclusion on a Personal Safety Register. CQC have agreed to remove HFHC from the register but the judicial review proceedings relate to the unlawful decision of the regulator to place HFHC on the PSR in the first place. There is a likelihood of further legal costs being incurred under this head either to pursue the Judicial Review Proceedings if permission is successfully secured, alternatively in relation to a claim for a contribution to HFHC's costs.

DEVELOPMENT AND PERFORMANCE

The directors made the conscious decision to increase investment beyond what would normally be expected in recognition of market challenges, continuing the resetting of its services in line with the risks and opportunities it faced. They are encouraged by the actions taken in the face of continued inflation and the significant increases in the NLW, which have increased pressures on funding, as well as the persistently tight employment market which has shown some signs of improvement due to overseas recruitment. They believe that over an extended period, this strategy will secure the group’s sustainability.

Position of the group at the year end

In the opinion of the directors, the group is in a strong position at the year end with shareholders' fund at £14.5m.

KEY PERFORMANCE INDICATORS

The group's management continually monitors the performance of the homes regarding the quality of the care provision.

The group is rated Platinum by Investors in People, whilst 8 of its 11 residential services are rated Outstanding and 3 are rated Good by the Care Quality Commission.

In addition, it reviews monthly management information including management accounts, occupancy ratios and staffing requirements. The main key financial performance indicators are sales growth referred to above and the operating profit margin which was 5.3% (2024: 5.3%).

DUTY TO PROMOTE THE SUCCESS OF THE GROUP AND EMPLOYEE ENGAGEMENT

During the last year, the Directors have continued building on their strategy of supporting individuals with higher acuity and more complex needs. Underpinning the operations of its specialist services is "Zone Standard" its single-entry IT platform. Zone Standard provides real time data allowing the group to better manage risk, increasing information to care home managers, giving them greater insight. This is building sustainability both for the individuals we support and for the longer-term prospects for the group through the increasing effectiveness of data, management, staff teams and highly personalised environments, comprising the group’s ground breaking data informed care model.

The Directors have regard to relationships with employees, the individuals we support, their families and all key business stakeholders. The individuals are supported to engage with the wider community which in turn supports the local economies, enhancing the group’s overall social impact.

Relationships and engagement with staff are fostered through regular direct meetings and communications, with multiple channels for staff to engage with managers and the Directors. Regular updates ensure that staff are recognised and our values-based recruitment processes actively encourage progression opportunities, supported by ongoing training and mentoring.

ON BEHALF OF THE BOARD:

P A de Savary - Director

19 September 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the group continued to be the provision and operation of care homes for adults 18+ with learning disabilities and high acuity needs, including autism, epilepsy, complex health and mental health, the provision of personnel and the provision of building services.

DIVIDENDS

The total distribution of dividends for the year ended 31 March 2025 will be £ 184,000 .

FUTURE DEVELOPMENTS

The rolling redevelopment programme which has transformed the 5 original homes into apartments has continued with completion in 2024/25.

Working with our associated company, Project 35 Ltd, we have continued our proof of concept supported living offering where after assessment, suitable Individuals move from our residential homes into a bespoke supported living service at Rectory Road. The Rectory Road service opened in July 2024, a step down, celebrating their journey and enabling it to continue towards greater independence and autonomy, and achieve good outcomes. This pathway service creates vacancies in our residential homes allowing higher acuity and more complex Individuals to move in.

In conjunction with our existing supported living home at the Laurels, this is also informing the next phase in the company’s development namely a rollout of approximately 100 additional supported living beds.

To further our pursuit of growth we plan to open a Rapid Service provision in FY26, a service required by Commissioners which will enable the Business to take in Individuals at short term notice, thus creating a pipeline of subsequent long-term placements elsewhere in the Group.

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1 April 2024 to the date of this report unless otherwise stated.

P A de Savary

A M de Savary

J Hurley

K D Janes

A F Rosenbach

M A Quantock Shuldham

Other changes in directors holding office are as follows:

H J de Savary - resigned 18 September 2024

FINANCIAL INSTRUMENTS

The Group has a normal level of exposure to price, credit, liquidity and cash flow risk arising from trading activities which are only conducted in sterling. The Company does not enter into any lending transactions.

MARKET VALUE OF LAND AND BUILDINGS

The Group's care homes were valued at the year end by the Directors at the current market value.

DISABLED PERSONS

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

EMPLOYEE INVOLVEMENT

The group's policy is to consult and discuss with employees matters likely to affect their interests. This is achieved through staff meetings and one2ones.

Information relating to financial and economic matters is additionally disseminated to them using information bulletins and reports which seek to achieve a common awareness on the part of all employees of those factors affecting the group's performance.

ENGAGEMENT WITH EMPLOYEES

The Strategic Report includes a summary of how the directors have engaged with employees, had regard to employees interest and the effect of that regard.

ENGAGEMENT WITH OTHERS

The Strategic Report includes an indication of how the directors have had regard to the need to foster the company’s business relationships with suppliers, customers and others, and the effect of that regard, including on the principal decisions taken by the group during the financial year.

STREAMLINED ENERGY AND CARBON REPORTING

The assessment has been verified by a third-party (Adler and Allan) and carried out in accordance with ISO14064-1:2018 Greenhouse Gases - Part 1: Specification with guidance at the organization level for quantification and reporting of greenhouse gas emissions and removals.

The information below sets out total energy consumption and resulting GHG emissions by Scope arising from business operations.

2024-25

2023-24

tCO2e

tCO2e

Scope 1 - Heating Fuels

262.24

247.38

Scope 1 - Company Vehicles

167.23

155.53

Scope 2 - Purchased Electricity

134.25

129.91

Scope 3 - Employee Mileage

100.80

86.27

Total

664.52

619.09

Intensity Ratios

kWh/m2/year (Care Homes)

334.33

312.40

tCO2e/employee/year

1.38

1.33

tCO2e/£m/year

25.25

24.6

H Care Limited is committed to delivering the highest level of care for individuals with learning disabilities whilst also reducing its environmental impact.

In the last 12 months, the organisation has continued to review its facilities and complete its renovation programme of care homes to both improve the quality of care and to incorporate energy saving measures. We have continued to utilise renewable electricity tariffs, ensuring that we procure energy from cleaner and renewable sources. The new Rectory Road Supported Living site utilises solar panels to produce its own electricity, thus minimising its own environmental impact.

Our absolute location-based carbon emissions rose by 8% compared to the previous year. However, this represents a saving of 4% against market-based carbon emissions.

In the future, we will continue to explore ways to save energy and natural resources, including the possibility of low-carbon heating systems

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, MGR Weston Kay LLP, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

P A de Savary - Director

19 September 2025

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Opinion

We have audited the financial statements of H Care Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 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 UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report, the Report of the Directors and the Directors' Responsibilities Statement, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

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

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page seven, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

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 procedure are capable of detecting irregularities, including fraud

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.

As part of our planning of the audit work required we obtained an understanding of the legal and regulatory frameworks that are applicable to the group via enquiries of the company’s management, carried out analytical procedures, held discussions amongst the engagement team and using knowledge of the sector determined that the most significant laws and regulation are those that relate to:

- The regulation of Health and Social Care.

- Health and safety regulations.

- Employment law including right to work in the UK and Disclosure and Barring Service (DBS).

- Medicine Regulation.

- Mental Capacity Act.

- Food Safety Act.

- Environmental protection and waste disposal.

- Fire safety regulations.

- Agency Worker Regulations.

- Data protection.

- Modern Slavery Act.

- UK Tax legislation.

We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as FRS102 and the Companies Act 2006.

Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with the laws and regulations and the fraud risks identified. This included enquiries with management to understand their policies and procedures for compliance with those regulations and we completed the following tests:

- Obtained an understanding of relevant controls.

- Reviewed the company’s risk assessments, procedures and IT systems.

- Checked samples of documentation including minutes of the meetings of the directors, government grant paperwork, service agreements with regulatory advisors and reports by the Care Quality commission, the regulator.

We also assessed the risks of material misstatement in respect of fraud as follows:

- Revenue fraud.

- Unauthorised expenditure and/or payments.

- Management override of controls.

- Manipulation of accounting estimates.

- Related party fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Nigel Walfisz FCA (Senior Statutory Auditor)

for and on behalf of MGR Weston Kay LLP

Statutory Auditors

55 Loudoun Road

St John's Wood

London

NW8 0DL

3 October 2025

TURNOVER

4

26,604,825

23,857,999

Cost of sales

(18,906,049

)

(17,118,444

)

GROSS PROFIT

7,698,776

6,739,555

Administrative expenses

(6,304,601

)

(5,492,121

)

1,394,175

1,247,434

Other operating income

5

15,000

15,000

OPERATING PROFIT

7

1,409,175

1,262,434

Interest receivable and similar income

9

425

848

1,409,600

1,263,282

Interest payable and similar expenses

10

(714,582

)

(731,712

)

PROFIT BEFORE TAXATION

695,018

531,570

Tax on profit

11

472,468

80,642

PROFIT FOR THE FINANCIAL YEAR

1,167,486

612,212

Profit attributable to:

Owners of the parent

1,167,486

612,212

PROFIT FOR THE YEAR

1,167,486

612,212

OTHER COMPREHENSIVE INCOME

Revaluation of tangible fixed assets

894,000

3,493,577

Income tax relating to other comprehensive income

(223,500

)

(873,391

)

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

670,500

2,620,186

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,837,986

3,232,398

Total comprehensive income attributable to:

Owners of the parent

1,837,986

3,232,398

FIXED ASSETS

Intangible assets

14

215

30,309

Tangible assets

15

31,824,766

31,272,347

Investments

16

1,571

1,571

31,826,552

31,304,227

CURRENT ASSETS

Debtors

17

6,104,062

3,445,730

Cash at bank and in hand

1,446,201

2,152,132

7,550,263

5,597,862

CREDITORS

Amounts falling due within one year

18

(4,128,423

)

(3,277,718

)

NET CURRENT ASSETS

3,421,840

2,320,144

TOTAL ASSETS LESS CURRENT LIABILITIES

35,248,392

33,624,371

CREDITORS

Amounts falling due after more than one year

19

(20,710,366

)

(20,713,926

)

PROVISIONS FOR LIABILITIES

21

-

(26,405

)

NET ASSETS

14,538,026

12,884,040

CAPITAL AND RESERVES

Called up share capital

22

2,127

2,127

Revaluation reserve

9,500,237

8,829,737

Capital redemption reserve

1,873

1,873

Retained earnings

5,033,789

4,050,303

SHAREHOLDERS' FUNDS

14,538,026

12,884,040

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

P A de Savary - Director

FIXED ASSETS

Intangible assets

14

-

-

Tangible assets

15

-

-

Investments

16

86,834

86,834

86,834

86,834

CURRENT ASSETS

Debtors

17

3,371,991

1,699,495

Cash at bank

62,973

15,247

3,434,964

1,714,742

CREDITORS

Amounts falling due within one year

18

(1,196,231

)

(228,613

)

NET CURRENT ASSETS

2,238,733

1,486,129

TOTAL ASSETS LESS CURRENT LIABILITIES

2,325,567

1,572,963

CAPITAL AND RESERVES

Called up share capital

22

2,127

2,127

Capital redemption reserve

1,873

1,873

Retained earnings

2,321,567

1,568,963

SHAREHOLDERS' FUNDS

2,325,567

1,572,963

Company's profit for the financial year

936,604

703,177

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

P A de Savary - Director

Called up

Capital

share

Retained

Revaluation

redemption

Total

capital

earnings

reserve

reserve

equity

£

£

£

£

£

Balance at 1 April 2023

2,127

3,438,091

6,209,551

1,873

9,651,642

Changes in equity

Profit for the year

-

612,212

-

-

612,212

Revaluation of tangible fixed assets

-

-

2,620,186

-

2,620,186

Total comprehensive income

-

612,212

2,620,186

-

3,232,398

Balance at 31 March 2024

2,127

4,050,303

8,829,737

1,873

12,884,040

Changes in equity

Profit for the year

-

1,167,486

-

-

1,167,486

Other comprehensive income

-

-

670,500

-

670,500

Total comprehensive income

-

1,167,486

670,500

-

1,837,986

Dividends

-

(184,000

)

-

-

(184,000

)

Balance at 31 March 2025

2,127

5,033,789

9,500,237

1,873

14,538,026

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

2,127

865,786

1,873

869,786

Changes in equity

Total comprehensive income

-

703,177

-

703,177

Balance at 31 March 2024

2,127

1,568,963

1,873

1,572,963

Changes in equity

Dividends

-

(184,000

)

-

(184,000

)

Total comprehensive income

-

936,604

-

936,604

Balance at 31 March 2025

2,127

2,321,567

1,873

2,325,567

Cash flows from operating activities

Cash generated from operations

1

215,360

169,907

Interest element of finance lease payments paid

(714,582

)

(731,712

)

Net cash from operating activities

(499,222

)

(561,805

)

Cash flows from investing activities

Purchase of tangible fixed assets

(19,574

)

(214,774

)

Sale of tangible fixed assets

-

9,708

Interest received

425

848

Net cash from investing activities

(19,149

)

(204,218

)

Cash flows from financing activities

Capital repayments in year

(3,560

)

(3,452

)

Equity dividends paid

(184,000

)

-

Net cash from financing activities

(187,560

)

(3,452

)

Decrease in cash and cash equivalents

(705,931

)

(769,475

)

Cash and cash equivalents at beginning of year

2

2,152,132

2,921,607

Cash and cash equivalents at end of year

2

1,446,201

2,152,132

1.	RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR TO CASH GENERATED FROM OPERATIONS

31.3.25

31.3.24

£

£

Profit for the financial year

1,167,486

612,212

Depreciation charges

167,750

334,632

Finance costs

714,582

731,712

Finance income

(425

)

(848

)

Taxation

(472,468

)

(80,642

)

1,576,925

1,597,066

Increase in trade and other debtors

(2,212,270

)

(1,863,244

)

Increase in trade and other creditors

850,705

436,085

Cash generated from operations

215,360

169,907

2.	CASH AND CASH EQUIVALENTS

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

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

1,446,201

2,152,132

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

2,152,132

2,921,607

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank and in hand

2,152,132

(705,931

)

1,446,201

2,152,132

(705,931

)

1,446,201

Debt

Finance leases

(21,364,278

)

3,560

(21,360,718

)

(21,364,278

)

3,560

(21,360,718

)

Total

(19,212,146

)

(702,371

)

(19,914,517

)