REGISTERED NUMBER: 08283893 (England and Wales)

Agnes And Arthur Limited

Financial Statements

for the Year Ended 29 April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Klonin

W Morris

P Morris

L S Morris

W Morris Jnr

REGISTERED OFFICE:

Moorland View

Bradeley

Stoke-On-Trent

Staffordshire

England

ST6 7NG

REGISTERED NUMBER:

08283893 (England and Wales)

SENIOR STATUTORY AUDITOR:

Jeffrey Bor FCA

AUDITORS:

SCB (Accountants) Limited

31 Sackville street

Manchester

M1 3LZ

BANKERS:

HSBC (Midland)

130 New Street

Birmingham

West Midlands

B2 4JU

FIXED ASSETS

Tangible assets

5

232,488

247,741

CURRENT ASSETS

Debtors

6

367,877

537,042

Cash at bank and in hand

30,936

173

398,813

537,215

CREDITORS

Amounts falling due within one year

7

(468,904

)

(401,567

)

NET CURRENT (LIABILITIES)/ASSETS

(70,091

)

135,648

TOTAL ASSETS LESS CURRENT LIABILITIES

162,397

383,389

CREDITORS

Amounts falling due after more than one year

8

(55,763

)

-

PROVISIONS FOR LIABILITIES

(47,730

)

(39,548

)

NET ASSETS

58,904

343,841

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

57,904

342,841

SHAREHOLDERS' FUNDS

58,904

343,841

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

P Morris - Director

1.	STATUTORY INFORMATION

Agnes And Arthur 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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least twelve months from when the financial statements are authorised for issue.Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Since this year end the directors are aware of increased occupancy levels and increased average fee rates which gives the directors confidence that the company has sufficient resources to continue trading profitably.

The going concern basis assumes that the company will continue to receive the support of its parent company, fellow subsidiaries, and the Group bankers.

The care home premise is owned by the parent company, Resimed Limited. The parent company is funded by bank lending of £2.5m at the year-end.

The parent company also has material HMRC liabilities of £687,262 which are provisional and have been appealed against and not yet agreed with HMRC. The repayment period of these liabilities are unknown together with any final agreed liabilities which creates material uncertainty that may cast significant doubt on the parent company's ability to continue as a going concern. If the parent company were to cease, this company would be unable to trade and, as such, a material uncertainty relating to going concern exists within the company.

The Directors having considered the assessment with the HMRC and are in the view that the HMRC has duplicated the assessment.

We have examined the assumptions underlying the projections and are satisfied that those assumptions are reasonable.The financial statements have been prepared on a going concern basis which forecasts that the Company will be able to meet its financial obligations for a period of at least 12 months from the date of this financial report.

TURNOVER

The company provides residential and care services to the elderly. Turnover represents the fees due for the services provided during the year.

Turnover is recognised at the point at which services are supplied to the residents. Where services are performed gradually over the time, turnover is recognised as the activity progresses by reference to the value of services provided.

TANGIBLE FIXED ASSETS

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less residual values over the useful life on the following basis:

Plant and machinery - 5% on cost

Fixtures and fittings - 10% on reducing balance

Motor vehicles - 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

TRADE DEBTORS

Trade debtors are amounts due from customers for services rendered in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

TRADE CREDITORS

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

CASH AND CASH EQUIVALENTS

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

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.

FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements ,when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

BASIC FINANCIAL ASSETS

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

CLASSIFICATION OF FINANCIAL LIABILITIES

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

BASIC FINANCIAL LIABILITIES

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

PROVISION

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

HIRE PURCHASE AND LEASING COMMITMENT

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

EMPLOYEE BENEFITS

The company provides a range of benefits to employees. Short term benefits, including holiday pay, are recognised as an expense in the profit and loss account in the period in which they are incurred. The company operates a defined contribution plan for its employees. Amounts in respect of defined contribution plans are recognised as an expense in the profit and loss account when they are due.

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION

UNCERTAINTY

Estimates and judgements 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. 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.

(i) Useful economic lives of tangible assets

The annual amortisation charge for intangible assets and depreciation charge for tangible assets are sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary.

(ii) Impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

(iii) Going concern

The directors consider the company to be a going concern, for the reasons as detailed in accounting policies to these financial statements.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2024 - 54 ) .

4.	AUDITORS' REMUNERATION

2025

2024

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

4,800

4,800

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 30 April 2024

113,112

362,410

53,500

529,022

Additions

-

26,856

-

26,856

Disposals

-

-

(53,500

)

(53,500

)

At 29 April 2025

113,112

389,266

-

502,378

DEPRECIATION

At 30 April 2024

42,417

203,232

35,632

281,281

Charge for year

5,656

18,585

744

24,985

Eliminated on disposal

-

-

(36,376

)

(36,376

)

At 29 April 2025

48,073

221,817

-

269,890

NET BOOK VALUE

At 29 April 2025

65,039

167,449

-

232,488

At 29 April 2024

70,695

159,178

17,868

247,741

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

173,980

59,622

Amounts owed by group undertakings

180,274

454,140

Other debtors

13,623

23,280

367,877

537,042

Amounts owed by group undertakings are unsecured, interest free, have no fixed date of payment and are payable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

549

Loan

32,531

-

Hire purchase contracts

-

20,471

Trade creditors

49,696

99,737

Amounts owed to group undertakings

159,540

30,752

Taxation and social security

62,037

138,322

Other creditors

110,227

47,166

Directors' loan accounts

5,909

2,000

Accruals and deferred income

48,964

62,570

468,904

401,567

Composite Company Unlimited Multilateral Guarantee in favour of HSBC Bank PLC dated 4th August 2023 given by Resimed Limited, Florence House (Staffordshire) Limited, Agnes and Arthur Limited and The Place Up Hanley Limited.

Debenture dated 18 May 2015 in favour of HSBC Bank PLC incorporating a Fixed and Floating Charge over all present 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 of the company.

Amounts owed to group undertakings are unsecured, interest free, have no fixed date of payment and are payable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans

55,763

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary share capital

1

1,000

1,000

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

The Report of the Auditors was unqualified.

Jeffrey Bor FCA (Senior Statutory Auditor)

for and on behalf of SCB (Accountants) Limited

We draw attention to Note 2 in the financial statements, which outlines events or conditions that indicates material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the year end, included in creditors, an amount of £5,909 (2024: £2,000) owed to the director.

12.	CONTROLLING PARTY

The ultimate parent undertaking of the company throughout the current and previous year, was Resimed Limited, a company registered in England and Wale. The registered address for Resimed Limited is C/O Agnes & Arthur Moorland View, Bradeley, Stoke On Trent, Staffordshire, England, ST6 7NG.

The company's ultimate controlling party through the current and previous year is considered to be shareholders by virtue of their shareholding in Resimed Limited.