REGISTERED NUMBER: 05893709 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ULTIMATE CARE LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

6

Report of the Independent Auditors

9

Consolidated Income Statement

13

Consolidated Other Comprehensive Income

14

Consolidated Balance Sheet

15

Company Balance Sheet

17

Consolidated Statement of Changes in Equity

19

Company Statement of Changes in Equity

20

Consolidated Cash Flow Statement

21

Notes to the Consolidated Cash Flow Statement

22

Notes to the Consolidated Financial Statements

24

DIRECTORS:

Mrs V Suresparan

Mr N B Suresparan

SECRETARY:

Mr N B Suresparan

REGISTERED OFFICE:

1st Floor, 44-50 The Broadway

Southall

Middlesex

UB1 1QB

REGISTERED NUMBER:

05893709 (England and Wales)

SENIOR STATUTORY AUDITOR:

S Paramaguru

AUDITORS:

Param & Company Ltd

Chartered Certified Accountants

Statutory Auditors

44 - 50 The Broadway

Southall

Middlesex

UB1 1QB

The directors present their strategic report of the company and the group for the year ended 31 December 2024.

REVIEW OF BUSINESS

This year council tax increase includes the maximum 2.99% uplift in the general council tax elements and further 2% rise in the ring fenced adult social care precept.

The Group experienced a challenging year, adapting to the operational restrictions and limitations imposed as a

result of the Covid-19 pandemic in the previous years. Operating in the health sector as care homes, the Group continued to trade throughout and an increase in demand as it ensured a continuation of key services to its customers. The Group has delivered a satisfactory result for the current year. Please see further information

regarding the performance of the Group in the year in the Financial key performance indicators section below.

The cost for provision of care has continued to rise with minimum wage legislation and extra regulatory requirements, In order to attract and retain quality staff at all levels. Nursing shortage is acute nationally and has a bearing on wage costs. The company policy has been to continually invest in the fabric of the building, purchase new equipment and invest in staff training to improve standards of care.

The directors are very pleased with the progress that the group has made this year. All of the care homes run by the company are operating at near maximum capacity, with an average occupancy rate of 91% (2023, 92%).

Key performance indicators

2024

2023

Revenue

£24,730,885

£23,279,326

Gross profit

£6,493,800

£6,960,651

Gross profit margin

26.26%

29.90%

Profit before tax

£(417,274)

£871,633

Other Key performance indicators measured by the company include the wages to turnover rate, which is 71% (2023, 67%),and the Gross Profit Margin, which is 26% (2023, 30%).

The management of net assets is key to monitoring the performance of the group. As at 31 December 2024, net assets stood at £1.2m (2023, £2.9m).

Food costs

The third largest cost for care home operators is the food bill, which consumes 3% of income. In comparison to last year's reporting period food cost per resident decreased from £3.30 per day to £3.03 per day.

Going concern

The directors are confident that the company has adequate resources to continue operational existence for the foreseeable future. In consideration of going concern, the directors continually review the company's future cashflow forecasts and profit projections, on both a base case and sensitized basis, considering the principal risks and uncertainties that may arise. These forecasts have been prepared based on market data, experience trading within the sector and anticipated future trading. There is nothing to indicate from these forecasts, that the company would not be able to continue successfully as a going concern in the future.

STRATEGY

The board will continue to keep costs under control and develop existing income streams. New opportunities will continue to be sought where these will make a return for the group.

Group turnover for the six months to 30 June 2025 is £13,226,904 and net profit is £529,090.

PRINCIPAL RISKS AND UNCERTAINTIES

Despite funding increases to the sector, along with an increase in demand for services owing to an increase in the population of the elderly, the sector faces financial strains. In addition, there are ever-evolving regulatory changes that need to be accommodated for.

The majority of placements are from local councils which makes them a bulk-purchaser of our services. This can weaken our position with fee negotiations. On the other hand, there is an increasing demand for beds as there is pressure on councils to vacate hospital beds. Nursing homes are looking after patients that have even more acute dependencies or who require short-term care. This increases the risk of accidents and potential claims.

Ultimate Care Ltd, along with other businesses, face a number of operating risks and uncertainties. The most fundamental issues faced by the companies are:

- meeting bank covenant of the parent company.

- maximising occupancy levels

- complying with the stringent regulations of the Care Quality Commission under which Care Homes operate;

- achieving quality standards; and

- attracting and retaining high quality qualified staff along with regular staff.

The Company monitors the performance on monthly and quarterly basis in order to achieve the required covenants for the banks. The required quality control to satisfy the CQC is monitored by the management of the company on a regular basis.

Risk of Business Interruption.

The interruption caused by the COVID-19 pandemic has also provided the company with present and future risks to consider. The company has taken all possible steps to ensure safety of our employees whilst working hard to develop processes that ensure the business has the financial resilience to prosper through this difficult period. At present, we continue to follow government guidelines and operate cautiously in the wake of an ever evolving economic landscape. The group's landscape will inevitably be impacted by the pandemic from the year 2020 and beyond. Despite these challenges, we feel we are in a good position to maximise the opportunity that will inevitably materialise through the growth of the economy.

Credit risk

The Group's principal assets are bank balances and cash, trade and other receivables and tangible fixed assets.

The Group's credit risk is primarily attributable to its trade receivables. Trade receivables are reviewed on a regular basis to ensure they are collectable. The amounts presented in the balance sheet are net allowances for doubtful receivables, estimated by the Group based on previous experience and assessment of the current economic climate. Also, risk is spread over a large number of customers. The credit risk on liquid funds is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

Liquidity risk

The Group has continued to maintain liquidity and sufficient working capital for its ongoing operations and future developments. All committed facilities are monitored and maintained regularly ensuring that all future improvement programmes are met.

Price risk

The Group faces uncertainties in relation to average weekly fee increases for the provision of care services in the care homes operated by Ultimate Care Ltd, Priory Court Developments Ltd and Byron Lodge (West Melton) Ltd. The average weekly fee rates are also driven by the number of residents funded by Local Authorities and by private fee payers.

Reputational Risk

Any serious incident relating to the provision of care services could result in negative publicity and increased scrutiny from regulators, residents and families.

In order to mitigate this risk, we deliver comprehensive and continuous employee training via mandatory and specialist learning and development programme, have independent quality inspectors, carry out a Disclosure and Barring Service check on all care staff and monitor compliance with an industry best electronic system. We also have clear governance processes to report on risks and incidents, and then implement learning from those events to mitigate the risk of future incidents.

Regulatory Risk

Our operations are subject to a high level of regulation and scrutiny by regulators across the UK. Inspections are largely unannounced and often involve several inspectors per home visit. The failure to meet the appropriate national regulations could lead to a service being placed under special measures, being subjected to enforcement notices or possibly forced to close.

Our central quality team has been realigned to provide enhanced support to operational colleagues to deliver the best possible care for residents and to ensure that we are adhering to the required regulations in place throughout the UK.

To support this approach, we have introduced an improved quality assurance framework which is strength based and incorporates "I" and "we" statements focused on residents safety, experience and governance. Our internal assessment managers work closely with home managers and regional senior leaders to ensure that the outcomes of assessments are clear and any required actions are established and monitored. These actions are reviewed by the internal assessment manager as part of the home's next formal assessment.

We have developed a clinical event dashboard which provides assurance and oversight across the organisation and is reviewed regularly by key senior leaders both regionally and organisationally as part of our governance structure. The introduction of new digital care tools, including our new event reporting and quality assurance system, and our new digital care planning system, in addition to our existing system. provides a greater level of insight than we have ever been able to achieve centrally and enables us to identify and mitigate risks throughout our operations more efficiently than ever before.

We have a robust approach to understanding, learning from and mitigating future risk through our serious event review process, which drives the direction of future improvements and replication of good practice. If a serious event occurs, we undertake a serious event review meeting, comprising operations, and central quality support function colleagues and subject matter experts to understand what has happened, provide any additional support required, and to identify and share learning.

This approach also supports our monitoring and learning from complaints and safeguarding concerns which are all thoroughly investigated, responded to and the lessons learned are appropriately cascaded to share best practice. We have a whistleblowing procedure through which colleagues can raise concerns confidentially either with their manager, their superior, or, a member of the operational team, about how other colleagues are being treated or practices within our business or supply chain, without fear of reprisals.

Section 172

The directors confirm that they have had regard to the matters set out in Section 172(1)(a) to (f) of the Companies Act 2006 in performing their duties

(a) The likely consequences of any decision in the long term,

(b) The interests of the company's employees,

(c) The need to foster the company's business relationships with suppliers, customers and others,

(d) The impact of the company's operations on the community and the environment,

(e) The desirability of the company maintaining a reputation for high standards of business conduct, and

(f) The need to act fairly as between members of the company.

Employees

Ultimate Care Ltd is committed to a policy of being a fair and inclusive employer. Employment with the Group offers everyone equal rights, and career development and promotion prospects, regardless of age, race, gender, sexual orientation, disability or religion. We ensure as far as possible that the diversity of our teams reflects the diversity of the customers we serve.

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

Overall

Given the good cash flow, retained profits and positive balance sheet position, the directors are confident that all actions taken have kept the business in good stead and feel assured that this will continue forward into the future. Occupancy continued to grow throughout the year. With this being our most important key performance indicator, it gives the directors of the company reassurance that the business is in a very strong position.

CONCLUSION

Ultimate Care Ltd is considered to have sufficient financial resources, as a consequence the directors believe that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook.

ON BEHALF OF THE BOARD:

Mr N B Suresparan - Director

29 September 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of Residential care home with nursing facilities.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2024 will be £ 94,491 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

Mrs V Suresparan

Mr N B Suresparan

POLITICAL DONATIONS AND EXPENDITURE

No Political Donations and Expenditure.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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.

Future Developments

The Board remains committed to delivering high-quality, compassionate care by continuing to invest significantly in our workforce, environments, and services. Our strategic ambition is to become the first-choice care home provider in each of the communities we serve. We aim to achieve this by strengthening our partnerships with Local Authorities and NHS aligning ourselves with increasingly integrated and community-specific health and social care systems. Looking ahead, we intend to build upon the progress made over the past year in several key areas:

Occupancy Recovery and Workforce Retention: We will continue to focus on increasing occupancy across our portfolio and enhancing colleague retention by investing in staff development and wellbeing.

Quality and Service Line Expansion: Quality remains at the heart of everything we do. We will also explore opportunities to broaden the range of care services we offer,in order to meet the evolving needs of our residents.

Digital Transformation: The rollout of our digital care planning system will continue, with a longer-term goal of implementing a fully integrated digital care platform. This will significantly improve how we deliver and monitor care.

Integration of Homes: Following the successful acquisition and onboarding of Care Homes into the We Care Group, we look forward to building on this momentum to further enhance our offering.

In support of these objectives, we will continue to invest in the following strategic priorities:

Our Colleagues: Development of our new-starter journey, expansion of flexible working options, and further implementation of our Enhanced Workforce Model. This model is designed to help address sector-wide challenges related to the availability of qualified nurses and skilled care staff.

Our Environments: Continued investment in our refurbishment and upgrade programme, expansion of bedroom capacity, and implementation of our ongoing decarbonisation initiatives.

Our Portfolio: We will remain agile in our portfolio management, including the careful addition of new, modern care homes and the selective divestment of homes that may be better served by alternative providers. This approach ensures efficient use of resources where we can make the greatest positive impact.

In line with national trends, increases in payroll and operational costs have resulted in upward pressure on fee rates. We remain committed to maintaining transparent and constructive dialogue with Local Authorities, NHS partners, and other stakeholders to ensure the long-term sustainability of care provision. As the needs of an ageing population become more complex, we will continue to advocate for a more integrated and adequately funded health and social care system.

Residents and Relatives

To provide compassionate and high-quality 24/7 care to our residents, fostering a supportive community for both residents and their families. We are dedicated to continuous listening, learning, and transparent communication to ensure our care and services represent the highest standard of value.

Our Suppliers

Our high-quality services for residents are delivered in partnership with our trusted suppliers. We build strong relationships through regular communication and performance reviews, and we demonstrate our reliability through fair payment practices and valued, long-term contracts. Our mutual success is built on a foundation of trust and transparency.

Energy Use and Emissions Reporting

During the reporting period, the group undertook several actions aimed at reducing energy consumption and improving efficiency across our homes as part of our commitment to environmental responsibility in accordance with applicable regulatory requirements :

Continued rollout of LED lighting and smart heating systems in newly refurbished and existing homes.

Implementation of building energy management systems (BEMS) to optimise heating, ventilation, and air conditioning (HVAC) performance.

Upgrades to insulation and windows as part of our refurbishment programme to improve thermal efficiency.

Investment in renewable energy technologies, including the evaluation of solar panel installations at selected sites.

Enhanced staff training programmes to promote energy-conscious behaviours within our homes.

These measures have not only contributed to a reduction in emissions but have also supported long-term cost savings and resilience against energy price volatility. We remain committed to reducing our environmental footprint while ensuring the comfort and well-being of our residents. Looking forward, we will continue to identify further opportunities for decarbonisation and sustainability across all aspects of our operations.

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

Param & Company Ltd will be deemed to continue in office under the Companies Act 2006, s. 487(2).

ON BEHALF OF THE BOARD:

Mr N B Suresparan - Director

29 September 2025

Opinion

We have audited the financial statements of ULTIMATE CARE LIMITED (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 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 December 2024 and of the group's loss 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 and the Report of the Directors, 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 Statement of Directors' Responsibilities set out on pages six and eight, 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 the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

* the engagement partner ensured that the engagement team collectively had the appropriate competence,capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

* we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of care home sector.

* we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;

* we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

* identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

* making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

* considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

* performed analytical procedures to identify any unusual or unexpected relationships;

*tested journal entries to identify unusual transactions;

*assessed whether judgements and assumptions made in determining the accounting estimates set out in note 2 were indicative of potential bias; and

*investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

*agreeing financial statement disclosures to underlying supporting documentation;

*reading the minutes of meetings of those charged with governance;

*enquiring of management as to actual and potential litigation and claims; and

*reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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.

S Paramaguru (Senior Statutory Auditor)

for and on behalf of Param & Company Ltd

Chartered Certified Accountants

Statutory Auditors

44 - 50 The Broadway

Southall

Middlesex

UB1 1QB

29 September 2025

TURNOVER

24,730,885

23,279,326

Cost of sales

18,237,085

16,318,675

GROSS PROFIT

6,493,800

6,960,651

Administrative expenses

5,685,429

4,947,286

808,371

2,013,365

Other operating income

-

4,625

OPERATING PROFIT

4

808,371

2,017,990

Interest receivable and similar income

24,000

14,000

832,371

2,031,990

Interest payable and similar expenses

5

1,249,645

1,160,357

(LOSS)/PROFIT BEFORE TAXATION

(417,274

)

871,633

Tax on (loss)/profit

6

233,063

156,315

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(650,337

)

715,318

(Loss)/profit attributable to:

Owners of the parent

(650,337

)

715,318

(LOSS)/PROFIT FOR THE YEAR

(650,337

)

715,318

OTHER COMPREHENSIVE INCOME

Purchase of ownshares

(972,231

)

(972,255

)

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

(972,231

)

(972,255

)

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(1,622,568

)

(256,937

)

Total comprehensive income attributable to:

Owners of the parent

(1,622,568

)

(256,937

)

FIXED ASSETS

Intangible assets

9

2

2

Tangible assets

10

15,821,244

14,956,158

Investments

11

Interest in associate

4,725,669

1,000,000

20,546,915

15,956,160

CURRENT ASSETS

Stocks

12

14,650

13,400

Debtors

13

8,008,766

6,043,519

Cash at bank and in hand

278,275

380,285

8,301,691

6,437,204

CREDITORS

Amounts falling due within one year

14

13,661,975

6,295,693

NET CURRENT (LIABILITIES)/ASSETS

(5,360,284

)

141,511

TOTAL ASSETS LESS CURRENT LIABILITIES

15,186,631

16,097,671

CREDITORS

Amounts falling due after more than one year

15

(13,319,746

)

(12,804,280

)

PROVISIONS FOR LIABILITIES

19

(696,561

)

(406,000

)

NET ASSETS

1,170,324

2,887,391

CAPITAL AND RESERVES

Called up share capital

20

68

76

Capital redemption reserve

21

32

24

Retained earnings

21

1,170,224

2,887,291

SHAREHOLDERS' FUNDS

1,170,324

2,887,391

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr N B Suresparan - Director

FIXED ASSETS

Intangible assets

9

2

2

Tangible assets

10

6,638,275

6,349,245

Investments

11

6,967,850

3,242,181

13,606,127

9,591,428

CURRENT ASSETS

Stocks

12

8,600

7,900

Debtors

13

8,618,489

5,044,207

Cash at bank and in hand

185,236

275,538

8,812,325

5,327,645

CREDITORS

Amounts falling due within one year

14

12,535,264

4,763,962

NET CURRENT (LIABILITIES)/ASSETS

(3,722,939

)

563,683

TOTAL ASSETS LESS CURRENT LIABILITIES

9,883,188

10,155,111

CREDITORS

Amounts falling due after more than one year

15

(7,582,157

)

(7,033,229

)

PROVISIONS FOR LIABILITIES

19

(289,894

)

(203,618

)

NET ASSETS

2,011,137

2,918,264

CAPITAL AND RESERVES

Called up share capital

20

68

76

Capital redemption reserve

21

32

24

Retained earnings

21

2,011,037

2,918,164

SHAREHOLDERS' FUNDS

2,011,137

2,918,264

Company's profit for the financial year

159,603

708,555

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr N B Suresparan - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2023

84

3,294,017

16

3,294,117

Changes in equity

Profit for the year

-

715,318

-

715,318

Other comprehensive income

-

(972,263

)

8

(972,255

)

Total comprehensive income

-

(256,945

)

8

(256,937

)

Dividends

-

(149,781

)

-

(149,781

)

Issue of share capital

(8

)

-

-

(8

)

Balance at 31 December 2023

76

2,887,291

24

2,887,391

Changes in equity

Deficit for the year

-

(650,337

)

-

(650,337

)

Other comprehensive income

-

(972,239

)

8

(972,231

)

Total comprehensive income

-

(1,622,576

)

8

(1,622,568

)

Dividends

-

(94,491

)

-

(94,491

)

Issue of share capital

(8

)

-

-

(8

)

Balance at 31 December 2024

68

1,170,224

32

1,170,324

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2023

84

3,331,653

16

3,331,753

Changes in equity

Issue of share capital

(8

)

-

-

(8

)

Dividends

-

(149,781

)

-

(149,781

)

Total comprehensive income

-

(263,708

)

8

(263,700

)

Balance at 31 December 2023

76

2,918,164

24

2,918,264

Changes in equity

Issue of share capital

(8

)

-

-

(8

)

Dividends

-

(94,491

)

-

(94,491

)

Total comprehensive income

-

(812,636

)

8

(812,628

)

Balance at 31 December 2024

68

2,011,037

32

2,011,137