REGISTERED NUMBER: 13558956 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PINE LODGE CARE HOME LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M V Santhiapillai

Ms K Wordley

REGISTERED OFFICE:

Third Floor

17 London Road

Bromley

BR1 1DE

REGISTERED NUMBER:

13558956 (England and Wales)

AUDITORS:

Edwards Chartered Accountants

Statutory Auditor

409-411 Croydon Road

Beckenham

Kent

BR3 3PP

FIXED ASSETS

Intangible assets

4

1,940,562

2,209,462

Tangible assets

5

8,385,000

8,550,693

10,325,562

10,760,155

CURRENT ASSETS

Stocks

6,000

6,000

Debtors

6

14,025

20,962

Cash at bank

1,189,813

58,426

1,209,838

85,388

CREDITORS

Amounts falling due within one year

7

5,578,729

4,616,800

NET CURRENT LIABILITIES

(4,368,891

)

(4,531,412

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,956,671

6,228,743

PROVISIONS FOR LIABILITIES

132,396

137,673

NET ASSETS

5,824,275

6,091,070

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

8

5,680,740

5,680,740

Retained earnings

143,534

410,329

5,824,275

6,091,070

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

M V Santhiapillai - Director

1.	STATUTORY INFORMATION

Pine Lodge Care Home Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

2% on cost

Long leasehold

-

in accordance with the property

Fixtures and fittings

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2024 - 46 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

2,689,000

AMORTISATION

At 1 April 2024

479,538

Charge for year

268,900

At 31 March 2025

748,438

NET BOOK VALUE

At 31 March 2025

1,940,562

At 31 March 2024

2,209,462

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Long

and

property

leasehold

fittings

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2024

7,766,500

450,005

785,705

9,002,210

Additions

56,880

-

210,948

267,828

Disposals

-

-

(286

)

(286

)

At 31 March 2025

7,823,380

450,005

996,367

9,269,752

DEPRECIATION

At 1 April 2024

104,000

112,505

235,012

451,517

Charge for year

156,466

45,000

231,775

433,241

Eliminated on disposal

-

-

(6

)

(6

)

At 31 March 2025

260,466

157,505

466,781

884,752

NET BOOK VALUE

At 31 March 2025

7,562,914

292,500

529,586

8,385,000

At 31 March 2024

7,662,500

337,500

550,693

8,550,693

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

Long

and

property

leasehold

fittings

Totals

£

£

£

£

Valuation in 2024

5,680,740

-

-

5,680,740

Cost

2,142,640

450,005

996,367

3,589,012

7,823,380

450,005

996,367

9,269,752

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

2,142,640

2,085,760

Aggregate depreciation

(146,852

)

(104,000

)

Freehold land and buildings were valued on an open market basis on 31 March 2024 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

8,695

Other debtors

14,025

12,267

14,025

20,962

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

169,300

83,611

Amounts owed to group undertakings

5,320,980

4,279,688

Taxation and social security

29,485

167,951

Other creditors

58,964

85,550

5,578,729

4,616,800

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

5,680,740

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

The Report of the Auditors was unqualified.

John Duggan (Senior Statutory Auditor)

for and on behalf of Edwards Chartered Accountants

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M V Santhiapillai.