ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Unaudited Financial Statements

Sharon Radcliffe Holdings Limited

For the year ended 30 April 2025

Registered number: NI632163


Sharon Radcliffe Holdings Limited

Company Information

Director	Sharon Radcliffe


Registered number	NI632163


Registered office	19 Seafront Road
	Holywood
	BT18 0BB


Accountants	Grant Thornton Advisors (NI) LLP
	Chartered Accountants
	12 - 15 Donegall Square West
	Belfast
	BT1 6JH


Bankers	Dankse Bank
	Donegall Square West
	Belfast
	Co. Antrim
	BT1 6JS


Sharon Radcliffe Holdings Limited

Contents

	Page
Accountants' Report	1
Balance Sheet	2 - 3
Statement of Changes in Equity	4
Notes to the Financial Statements	5 - 10

Independent Accountant's Report to the director of the unaudited financial statements of Sharon Radcliffe Holdings Limited for the year ended 30 April 2025

In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Sharon Radcliffe Holdings Limited for the year ended 30 April 2025, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us.

The financial statements have been prepared on the basis set out in the notes to the financial statements.

This report is made solely to the directors of Sharon Radcliffe Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of Sharon Radcliffe Holdings Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sharon Radcliffe Holdings Limited and its directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with International Standard on Related Services 4410 (Revised) Compilation Engagements issued by the International Auditing and Assurance Standards Board (the ‘IAASB’’) and have complied with the ethical guidance laid down by the IESBA Code and Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.

You have approved the financial statements for the year ended 30 April 2025 and you have acknowledged on the Balance Sheet as at 30 April 2025 your duty to ensure that Sharon Radcliffe Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that Sharon Radcliffe Holdings Limited is exempt from the statutory audit requirement for the year ended 30 April 2025.

We have not been instructed to carry out an audit or review the financial statements of Sharon Radcliffe Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Grant Thornton Advisors (NI) LLP
Chartered Accountants 12 - 15 Donegall Square West Belfast BT1 6JH

Date: 28 October 2025

Page 1


Sharon Radcliffe Holdings Limited Registered number:NI632163

Balance Sheet

As at 30 April 2025

		2025		2024
Note		£		£

Fixed assets
Investments	5		1,873,160		1,873,160
			1,873,160		1,873,160
Current assets
Debtors: amounts falling due within one year	6	1		1
Cash at bank and in hand	7	15,681		12,715
		15,682		12,716
Creditors: amounts falling due within one year	8	(418,453)		(386,234)
Net current liabilities			(402,771)		(373,518)
Total assets less current liabilities			1,470,389		1,499,642
Creditors: amounts falling due after more than one year	9		(180,272)		(209,525)

Net assets			1,290,117		1,290,117

Capital and reserves
Called up share capital	11	7,001	7,001
Share premium account	12	925,000	925,000
Profit and loss account	12	358,116	358,116
		1,290,117	1,290,117

Page 2


Sharon Radcliffe Holdings Limited Registered number:NI632163

Balance Sheet (continued)

As at 30 April 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 October 2025.

Sharon Radcliffe

Director

The notes on pages 5 to 10 form part of these financial statements.

Page 3


Sharon Radcliffe Holdings Limited

Statement of Changes in Equity

For the year ended 30 April 2025

	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
At 1 May 2024	7,001	925,000	358,116	1,290,117

Profit for the year	-	-	45,779	45,779
Dividends: Equity capital	-	-	(45,779)	(45,779)
At 30 April 2025	7,001	925,000	358,116	1,290,117

The notes on pages 5 to 10 form part of these financial statements.

Statement of Changes in Equity

For the year ended 30 April 2024

	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
At 1 May 2023	7,001	925,000	358,116	1,290,117

Profit for the year	-	-	37,323	37,323
Dividends: Equity capital	-	-	(37,323)	(37,323)
At 30 April 2024	7,001	925,000	358,116	1,290,117

The notes on pages 5 to 10 form part of these financial statements.

Page 4


Sharon Radcliffe Holdings Limited

Notes to the Financial Statements

For the year ended 30 April 2025

1.	General information

Sharon Radcliffe Holdings Limited is a private company limited by shares and incorporated in Northern Ireland. The registered office is:
19 Seafront Road
Holywood
Co. Down
BT18 0BB
The principal activity of the company is that of a holding company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The financial statements are presented in Sterling (£).
The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company is exempt by virtue of s399 of the Companies Act 2006 from preparing consolidated accounts, as the group is small. Therefore, the financial statements present the results of the company only and not its group.

2.3

Going concern

The director has assessed that there are adequate resources to meet the ongoing costs of the business for a minimum of 12 months from the date of signing the financial statements. For this reason the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5


Sharon Radcliffe Holdings Limited

Notes to the Financial Statements

For the year ended 30 April 2025

2.Accounting policies (continued)

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6


Sharon Radcliffe Holdings Limited

Notes to the Financial Statements

For the year ended 30 April 2025

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:
Carrying value of investments
Investment in subsidiary undertakings is measured at cost less accumulated impairment. Where there is an indication of impairment the recoverable amount is estimated and compared with the carrying amount. The estimate of recoverable amount is considered in light of the trading and balance sheet strength of the subsidiary together with the director's best estimate of future performance of the subsidiary.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 May 2024	1,873,160
	At 30 April 2025	1,873,160

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Registered office	Class of shares	Holding

Richmond Nursing Homes Limited

19 Seafront Road, Holywood, Down, BT18 OBB

Ordinary

100%

Page 7


Sharon Radcliffe Holdings Limited

Notes to the Financial Statements

For the year ended 30 April 2025

Debtors

					2025	2024
					£	£


Other debtors	1	1
	1	1

7.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	15,681	12,715
	15,681	12,715

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	30,400	27,996
Amounts owed to group undertakings	381,057	350,226
Accruals and deferred income	6,996	8,012
	418,453	386,234

9.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	180,272	209,525
	180,272	209,525

Page 8


Sharon Radcliffe Holdings Limited

Notes to the Financial Statements

For the year ended 30 April 2025

Amounts falling due within one year
Bank loans	30,400	27,996
	30,400	27,996
Amounts falling due 1-2 years
Bank loans	33,122	30,503
	33,122	30,503
Amounts falling due 2-5 years
Bank loans	118,243	108,893
	118,243	108,893
Amounts falling due after more than 5 years
Bank loans	28,907	70,129
	28,907	70,129
	210,672	237,521

Details of security provided:
By way of fixed charge, (i) all estates or interests in any freehold and leasehold property (present and future) and (ii) all intellectual property rights (present and future). Northern Bank Limited also holds a fixed and floating charge, which covers all the property or undertaking of the company.

11.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

7,001 (2024 - 7,001) Ordinary shares of £1.00 each	7,001	7,001

Page 9


Sharon Radcliffe Holdings Limited

Notes to the Financial Statements

For the year ended 30 April 2025

12.

Reserves

Share premium account

Includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from Share Premium.

Profit and loss account

This includes all current and prior period retained profits and losses.

13.	Related party transactions
	The company has availed of the exemption under FRS102 section 33 which does not require disclosure of transactions entered into between any subsidiary undertaking which is wholly owned by a member of that group.

14.	Controlling party

The ultimate controlling party in Sharon Radcliffe due to her shareholding in the company.

Page 10