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REGISTERED NUMBER: 03580952 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Cariad Care Homes Ltd

Cariad Care Homes Ltd (Registered number: 03580952)

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Cariad Care Homes Ltd

Company Information

for the Year Ended 30 June 2025

| DIRECTORS: | Mrs C Roberts

| Mrs M Hughes

| Mrs N W Thomas

| SECRETARY: | Mrs C Roberts

| REGISTERED OFFICE: | Adeilad St Davids Building

| Lombard Street

| Porthmadog

| Gwynedd

| LL49 9AP

| REGISTERED NUMBER: | 03580952 (England and Wales)

| ACCOUNTANTS: | Dunn & Ellis Cyf

| Chartered Accountants

| Adeilad St David's Building

| Stryd Lombard Street

| Porthmadog

| Gwynedd

| LL49 9AP

Cariad Care Homes Ltd (Registered number: 03580952)

Balance Sheet

30 June 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 1,173,715 |  | 1,201,225 |  |

1,173,715 |  | 1,201,225 |  |

CURRENT ASSETS

Stocks | 6 | 8,000 |  | 8,000 |  |

Debtors | 7 | 1,305,740 |  | 1,169,844 |  |

Cash at bank and in hand | 206,726 |  | 276,799 |  |

1,520,466 |  | 1,454,643 |  |

CREDITORS

Amounts falling due within one year | 8 | 452,125 |  | 470,952 |  |

NET CURRENT ASSETS | 1,068,341 |  | 983,691 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,242,056 |  | 2,184,916 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (8,313 | ) | (19,067 | ) |

PROVISIONS FOR LIABILITIES | 11 | (82,757 | ) | (81,773 | ) |

NET ASSETS | 2,150,986 |  | 2,084,076 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Revaluation reserve | 12 | 111,156 |  | 111,156 |  |

Retained earnings | 2,038,830 |  | 1,971,920 |  |

SHAREHOLDERS' FUNDS | 2,150,986 |  | 2,084,076 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Cariad Care Homes Ltd (Registered number: 03580952)

Balance Sheet - continued

30 June 2025

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 14 October 2025 and were signed on its behalf by:

Mrs C Roberts - Director

Mrs N W Thomas - Director

Cariad Care Homes Ltd (Registered number: 03580952)

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

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

2. | ACCOUNTING POLICIES

| Going concern

| 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 relates to the acquisition of Bodawen by the company during the year to June 2004. This was initially measured at cost. After initial recognition, the goodwill was amortised on a straight-line basis over 5 years.

| Tangible fixed assets

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

| Land and buildings | - | 2% on cost

| Plant and machinery etc | - | 20% on reducing balance

| Fixed assets are stated at their cost prices less accumulated depreciation and less any amounts recognised in respect of impairment.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| 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.

Cariad Care Homes Ltd (Registered number: 03580952)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| 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 120 (2024 - 116 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 50,000 |  |

| AMORTISATION

| At 1 July 2024

| and 30 June 2025 | 50,000 |  |

| NET BOOK VALUE

| At 30 June 2025 | - |  |

| At 30 June 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 July 2024 | 1,667,738 |  | 723,160 |  | 2,390,898 |  |

| Additions | - |  | 66,298 |  | 66,298 |  |

| Disposals | - |  | (13,496 | ) | (13,496 | ) |

| At 30 June 2025 | 1,667,738 |  | 775,962 |  | 2,443,700 |  |

| DEPRECIATION

| At 1 July 2024 | 700,831 |  | 488,842 |  | 1,189,673 |  |

| Charge for year | 33,355 |  | 60,042 |  | 93,397 |  |

| Eliminated on disposal | - |  | (13,085 | ) | (13,085 | ) |

| At 30 June 2025 | 734,186 |  | 535,799 |  | 1,269,985 |  |

| NET BOOK VALUE

| At 30 June 2025 | 933,552 |  | 240,163 |  | 1,173,715 |  |

| At 30 June 2024 | 966,907 |  | 234,318 |  | 1,201,225 |  |

Cariad Care Homes Ltd (Registered number: 03580952)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

5. | TANGIBLE FIXED ASSETS - continued

| Cost or valuation at 30 June 2025 is represented by:

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| Valuation in 2018 | 115,788 |  | - |  | 115,788 |  |

| Cost | 1,551,950 |  | 775,962 |  | 2,327,912 |  |

1,667,738 |  | 775,962 |  | 2,443,700 |  |

| If freehold property had not been revalued they would have been included at the following historical cost:

| 30.6.25 |  | 30.6.24

£ | £ |

| Cost | 1,552,450 |  | 1,552,450 |  |

| Aggregate depreciation | 560,475 |  | 529,426 |  |

| Plasgwyn was valued on an open market basis on 1 March 2018 by Tom Parry & Co .

| Plasgwyn building (including fixtures and fittings) were valued at £950,000 in the year ending 30th June 2020 by Mr Arwel Williams, Tom Parry & Co.

6. | STOCKS

| 30.6.25 |  | 30.6.24

£ | £ |

| Stocks | 8,000 |  | 8,000 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade debtors | 200,387 |  | 160,766 |  |

| Other debtors | 1,105,353 |  | 1,009,078 |  |

1,305,740 |  | 1,169,844 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Hire purchase contracts | 10,754 |  | 11,876 |  |

| Payments on account | 15,762 |  | 3,086 |  |

| Trade creditors | 63,884 |  | 103,984 |  |

| Taxation and social security | 219,227 |  | 226,963 |  |

| Other creditors | 142,498 |  | 125,043 |  |

452,125 |  | 470,952 |  |

Cariad Care Homes Ltd (Registered number: 03580952)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Hire purchase contracts | 8,313 |  | 19,067 |  |

10. | SECURED DEBTS

| The bank holds as security a first mortgage over the freehold property known as Bodawen Nursing Home and the Stables, Bodawen, Tremadog, Porthmadog.This was satisfied during the year on 15 September 2022.

| The bank also holds a debenture including a fixed equitable charge over all present and future freehold and leasehold property, first fixed charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and first floating charge over all assets and undertaking both present and future given by Cariad Care Homes Ltd.

11. | PROVISIONS FOR LIABILITIES

| 30.6.25 |  | 30.6.24

£ | £ |

| Deferred tax | 82,757 |  | 81,773 |  |

| Deferred |

| tax |

£ |

| Balance at 1 July 2024 | 81,773 |  |

| Provided during year | 984 |  |

| Reversing timing differences |

| Balance at 30 June 2025 | 82,757 |  |

12. | RESERVES

| Revaluation

| reserve

£ |

| At 1 July 2024

| and 30 June 2025 | 111,156 |  |

13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

| 30.6.25 |  | 30.6.24

£ | £ |

| Mrs N W Thomas

| Balance outstanding at start of year | 69,816 |  | - |  |

| Amounts advanced | 2,045 |  | 69,816 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 71,861 |  | 69,816 |  |

Cariad Care Homes Ltd (Registered number: 03580952)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

14. | RELATED PARTY DISCLOSURES

| Related parties are the directors and shareholders in whom the ultimate control of the company is vested. The directors have current accounts with the company which are in credit apart from disclosed above.