Holmleigh Properties (Gloucester) Limited 06116381 false 2024-05-01 2025-03-31 2025-03-31 The principal activity of the company is to offer a range of outcomes focused care, support and personal development services to adults of all ages with a wide and varied range of disabilities. Digita Accounts Production Advanced 6.30.9574.0 true true 06116381 2024-05-01 2025-03-31 06116381 2025-03-31 06116381 bus:Consolidated 2025-03-31 06116381 core:RetainedEarningsAccumulatedLosses 2025-03-31 06116381 core:ShareCapital 2025-03-31 06116381 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 06116381 core:LandBuildings 2025-03-31 06116381 bus:SmallEntities 2024-05-01 2025-03-31 06116381 bus:Audited 2024-05-01 2025-03-31 06116381 bus:FilletedAccounts 2024-05-01 2025-03-31 06116381 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-03-31 06116381 bus:RegisteredOffice 2024-05-01 2025-03-31 06116381 bus:Director1 2024-05-01 2025-03-31 06116381 bus:Director2 2024-05-01 2025-03-31 06116381 bus:Director3 2024-05-01 2025-03-31 06116381 bus:Director4 2024-05-01 2025-03-31 06116381 bus:Director5 2024-05-01 2025-03-31 06116381 bus:Director6 2024-05-01 2025-03-31 06116381 bus:Director7 2024-05-01 2025-03-31 06116381 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-03-31 06116381 core:Buildings 2024-05-01 2025-03-31 06116381 core:Land 2024-05-01 2025-03-31 06116381 core:LandBuildings 2024-05-01 2025-03-31 06116381 1 2024-05-01 2025-03-31 06116381 countries:EnglandWales 2024-05-01 2025-03-31 06116381 2024-04-30 06116381 core:RetainedEarningsAccumulatedLosses 2024-04-30 06116381 core:ShareCapital 2024-04-30 06116381 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 06116381 core:LandBuildings 2024-04-30 06116381 2023-05-01 2024-04-30 06116381 2024-04-30 06116381 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 06116381 core:LandBuildings 2024-04-30 iso4217:GBP xbrli:pure

Registration number: 06116381

Prepared for the registrar
Holmleigh Properties (Gloucester) Limited
Annual Report and Financial Statements
for the Period from 1 May 2024 to 31 March 2025

Holmleigh Properties (Gloucester) Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 7

Holmleigh Properties (Gloucester) Limited

Company Information

Directors | R W Correia A W Jones P Kinsey D R McCartney Y Murray J Strange M L Western

Registered office | Unit 1 Castleton Court Fortran Road St. Mellons Cardiff CF3 0LT

Auditors | Hazlewoods LLP Windsor House Bayshill Road Cheltenham GL50 3AT

Holmleigh Properties (Gloucester) Limited

(Registration number: 06116381)
Balance Sheet as at 31 March 2025

| Note | 31 March 2025 £ | 30 April 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 2,881,367 | 2,907,013
Current assets |  |  |
Debtors | 5 | 50,708 | 1,377
Cash at bank and in hand |  | 17,568 | 80,596
|  | 68,276 | 81,973
Creditors: Amounts falling due within one year | 6 | (825,948) | (1,085,855)
Net current liabilities |  | (757,672) | (1,003,882)
Total assets less current liabilities |  | 2,123,695 | 1,903,131
Deferred tax liabilities |  | (80,983) | (80,365)
Net assets |  | 2,042,712 | 1,822,766
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Profit and loss account |  | 2,042,710 | 1,822,764
Total equity |  | 2,042,712 | 1,822,766

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 October 2025 and signed on its behalf by:

A W Jones
Director

Holmleigh Properties (Gloucester) Limited

Notes to the Financial Statements for the Period from 1 May 2024 to 31 March 2025

| 1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1
Castleton Court Fortran Road
St. Mellons
Cardiff
CF3 0LT
Wales

| 2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Name of parent of group

These financial statements are consolidated in the financial statements of Iris Care Group Limited.

The financial statements of Iris Care Group Limited may be obtained from Companies House.

Disclosure of long or short period

The financial statements cover a period of 335 days. The accounting period has been shortened to bring the year end in line with that of its ultimate parent undertaking, Iris Care Group Limited.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Changes in accounting policy

The following have been applied for the first time from 1 May 2024 and have had an effect on the financial statements:

Early Adoption of Amendments to FRS 102

The company has chosen to early adopt the amendments to FRS 102 issued in September 2024.
The amendments to FRS 102 have introduced changes to revenue recognition, right of use assets, and fair value measurement requirements. The company has early adopted these amendments with them having no impact on the financial statements.

Judgements and estimation uncertainty

These financial statements do not contain any significant judgements or estimation uncertainty.

Revenue recognition

Turnover represents amounts receivable during the year in respect of rental income. Where the amount received relates to a period which covers the balance sheet date, it is apportioned over the period to which it relates.

Holmleigh Properties (Gloucester) Limited

Notes to the Financial Statements for the Period from 1 May 2024 to 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold buildings | 1% on cost
Freehold land | Nil

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Holmleigh Properties (Gloucester) Limited

Notes to the Financial Statements for the Period from 1 May 2024 to 31 March 2025

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.
A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of the cash-generating units ('CGUs') of which the goodwill is a part. Any impairment loss in respect of a CGU is allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.
For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Holmleigh Properties (Gloucester) Limited

Notes to the Financial Statements for the Period from 1 May 2024 to 31 March 2025

| 3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was as follows:

| 1 May 2024 to 31 March 2025 No. | Year ended 30 April 2024 No.
Directors | 2 | 2

| 4 | Tangible assets

| Freehold land and buildings £
Cost
At 1 May 2024 and at 31 March 2025 | 3,266,281
Depreciation
At 1 May 2024 | 359,268
Charge for the period | 25,646
At 31 March 2025 | 384,914
Carrying amount
At 31 March 2025 | 2,881,367
At 30 April 2024 | 2,907,013

Freehold land of £468,504 (2024 - £468,504) is not depreciated.

| 5 | Debtors

| 31 March 2025 £ | 30 April 2024 £
Other debtors | - | 850
Prepayments | 815 | 527
Corporation tax asset | 49,893 | -
| 50,708 | 1,377

| 6 | Creditors

| 31 March 2025 £ | 30 April 2024 £
Due within one year |  |
Amounts due to group undertakings | 820,976 | 1,037,140
Accrued expenses | 4,972 | 4,350
Corporation tax liability | - | 44,365
| 825,948 | 1,085,855

| 7 | Contingent liabilities

The company is bound by an inter-company cross guarantee in respect of bank debt with other members of the group at the balance sheet date. The amount guaranteed is £75,750,000 (2024 - £25,000,000).

Holmleigh Properties (Gloucester) Limited

Notes to the Financial Statements for the Period from 1 May 2024 to 31 March 2025

| 8 | Parent and ultimate parent undertaking

The company's immediate parent is Holmleigh Care Homes Limited, incorporated in England and Wales.
The company's ultimate parent undertaking is Iris Care Group Limited, incorporated in England and Wales.
The ultimate controlling party is funds managed by Ancala Partners LLP, a limited liability partnership registered in England and Wales.

| 9 | Disclosure under Section 444(5B) CA 2006 relating to the independent auditor's report

As permitted by Section 444 CA 2006, these accounts do not contain a copy of the company’s Profit and Loss account or a copy of the Directors’ Report. Accordingly, the Independent Auditors’ Report has also been omitted.
The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 15 October 2025 was Simon Worsley, who signed for and on behalf of Hazlewoods LLP.