Registration number: 06167948

MCB Investments Limited

Contents

Company Information	1
Strategic Report	2
Director's Report	3
Statement of Director's Responsibilities	4
Independent Auditor's Report	5 to 7
Consolidated Profit and Loss Account	8
Consolidated Balance Sheet	9
Balance Sheet	10
Consolidated Statement of Changes in Equity	11
Statement of Changes in Equity	12
Consolidated Statement of Cash Flows	13
Notes to the Financial Statements	14 to 26

MCB Investments Limited

Company Information

Director

M C Bila

Company secretary

J Rea

Registered office

Mendip Court Bath Road Wells Somerset BA5 3DG

Bankers

Barclays plc 4th Floor Bridgewater House Counterslip Finzels Reach Bristol BS1 6BX

Auditors

Hazlewoods LLP Windsor House Bayshill Road Cheltenham GL50 3AT

MCB Investments Limited

Strategic Report for the Year Ended 31 March 2025

The director presents her strategic report for the year ended 31 March 2025.

Principal activity

The principal activity of the group is that of a dormant holding company. The principal activity of the group is the operation of nursing and residential homes.

Fair review of the business

The results for the year, which are set out in the consolidated profit and loss account, show an operating profit of £750,049 (2024 - 1,313,161). At 31 March 2025, the group had fixed assets valued in the financial statements at cost less amortisation/depreciation amounting to £7,222,641 (2024 - £7,343,142). The director considers the result for the year and the financial position of the group and the company at the year end to be satisfactory.

Given the nature of the business, the group's director is of the opinion that key performance indicators are important. The group uses a number indicators to monitor and improve development, performance and the position of the business including turnover, operating profit and cash balances. These can be found in these financial statements. Indicators are reviewed and altered to meet changes both in the internal and external environments.

Financial instruments

Objectives and policies

The company does not actively use financial instruments as part of its financial risk management. The nature of its financial instruments means that they are subject to price risk, as detailed in note 19 to the financial statements.

Price risk, credit risk, liquidity risk and cash flow risk

It is exposed to the usual credit risk and cash flow risk associated with selling on credit and manages this through credit control procedures.

The company has sufficient financial resources available and is expected to continue to trade profitably generating cash. The director, therefore, has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and has continued to adopt the going concern basis in preparing the financial statements.

Principal risks and uncertainties

The management of the business and the execution of the group's strategy are subject to a number of risks. The key business risks and uncertainties affecting the group are considered to relate to the servicing of debt as it falls due.

Approved by the director on 4 December 2025

.........................................
M C Bila
Director

MCB Investments Limited

Director's Report for the Year Ended 31 March 2025

The director presents her report and the for the year ended 31 March 2025.

Director of the company

The director who held office during the year was as follows:

M C Bila

Future developments

The external environment is expected to remain competitive in 2025, however the director remains confident that the company will continue to improve its level of performance in the future.

Disclosure of information to the auditor

Each director has taken the steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

Reappointment of auditors

Hazlewoods LLP have expressed their willingness to continue in office.

Approved by the director on 4 December 2025

.........................................
M C Bila
Director

MCB Investments Limited

Statement of Director's Responsibilities

The director is responsible for preparing the Strategic Report, Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the group and company and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

•	select suitable accounting policies and apply them consistently;
•	make judgements and accounting estimates that are reasonable and prudent;
•	state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the group's and the company's transactions and disclose with reasonable accuracy at any time the financial position of the group and the company and enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

MCB Investments Limited

Independent Auditor's Report to the Members of MCB Investments Limited

Opinion

We have audited the financial statements of MCB Investments Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025, which comprise the Consolidated Profit and Loss Account, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Changes in Equity, Statement of Changes in Equity, Consolidated Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

•	give a true and fair view of the state of the group's and the parent company's affairs as at 31 March 2025 and of the group's profit for the year then ended;
•	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
•	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The director are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

•	the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

•	the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Director's Report.

MCB Investments Limited

Independent Auditor's Report to the Members of MCB Investments Limited

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

•	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
•	the parent company financial statements are not in agreement with the accounting records and returns; or
•	certain disclosures of director's remuneration specified by law are not made; or
•	we have not received all the information and explanations we require for our audit.

Responsibilities of the director

As explained more fully in the Statement of Director's Responsibilities set out on page 4, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group’s and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In identifying and assessing risks of material mis-statement in respect of fraud, including irregularities and non-compliance with laws and regulations, our procedures included obtaining an understanding of the legal and regulatory frameworks applicable to the company financial statements or that had a fundamental effect on the company's operations, which we determined to be UK GAAP, UK Companies Act 2006 and taxation laws; we understood how the company is complying with those legal and regulatory frameworks by making inquiries of management, those responsible for legal and compliance procedures; we assessed the susceptibility of the company's financial statements to material mis-statement, including how fraud might occur.

Audit procedures performed by the engagement team included identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud; understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process, with detailed journal reviews undertaken of the accounting system for the year to 31 March 2025; understanding the controls in place to detect and prevent fraud and challenging assumptions and judgements made by management in its significant accounting estimates.

Reliance was not placed on controls for the entirety of the audit, instead a substantive testing approach was undertaken, however controls were in place to prevent fraud, and they appeared to be working effectively.

•	identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;
•	understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;
•	challenging assumptions and judgements made by management in its significant accounting estimates; and
•	identifying and testing journal entries, in particular any journal entries with unusual characteristics.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

MCB Investments Limited

Independent Auditor's Report to the Members of MCB Investments Limited

Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Stephanie Hayman (Senior Statutory Auditor)
For and on behalf of Hazlewoods LLP, Statutory Auditor

Windsor House
Bayshill Road
Cheltenham
GL50 3AT

4 December 2025

MCB Investments Limited

Consolidated Profit and Loss Account for the Year Ended 31 March 2025

	Note	2025  £	2024  £
Turnover	3	8,097,235	9,197,645
Cost of sales		(5,171,081)	(5,935,101)
Gross profit		2,926,154	3,262,544
Administrative expenses		(2,298,629)	(2,027,214)
Other operating income	4	122,524	77,831
Operating profit	6	750,049	1,313,161
Other interest receivable and similar income		90,237	3,017
Interest payable and similar charges	7	(372,204)	(343,556)
Profit before tax		468,082	972,622
Taxation	11	(97,543)	(252,354)
Profit for the financial year		370,539	720,268

MCB Investments Limited

(Registration number: 06167948)
Consolidated Balance Sheet as at 31 March 2025

	Note	2025  £	2024  £
Fixed assets
Intangible assets	12	118,143	175,811
Tangible assets	13	5,354,498	5,417,331
Investment property	14	1,750,000	1,750,000
		7,222,641	7,343,142
Current assets
Stocks	16	7,225	7,225
Debtors	17	3,263,138	2,875,291
Cash at bank and in hand		2,508,059	2,426,936
		5,778,422	5,309,452
Creditors: Amounts falling due within one year	18	(1,833,465)	(1,648,727)
Net current (liabilities)/assets		3,944,957	3,660,725
Total assets less current liabilities		11,167,598	11,003,867
Creditors: Amounts falling due after more than one year	18	(4,810,709)	(5,026,059)
Provisions for liabilities	11	(299,628)	(291,086)
Net assets		6,057,261	5,686,722
Capital and reserves
Called up share capital	20	5	5
Revaluation reserve		942,064	942,064
Other reserves		999	999
Profit and loss account		5,114,193	4,743,654
Total equity		6,057,261	5,686,722

Approved and authorised by the Board on 4 December 2025 and signed on its behalf by:

.........................................

M C Bila

Director

MCB Investments Limited

(Registration number: 06167948)
Balance Sheet as at 31 March 2025

	Note	2025  £	2024  £
Fixed assets
Tangible assets	13	1,076,434	1,091,047
Investments	15	4,285,810	4,285,810
		5,362,244	5,376,857
Current assets
Debtors: Amounts falling due after more than one year	17	912,768	1,133,106
Cash at bank and in hand		2,048,646	1,794,396
		2,961,414	2,927,502
Creditors: Amounts falling due within one year	18	(229,226)	(225,486)
Net current assets		2,732,188	2,702,016
Total assets less current liabilities		8,094,432	8,078,873
Creditors: Amounts falling due after more than one year	18	(7,375,027)	(7,164,940)
Net assets		719,405	913,933
Capital and reserves
Called up share capital	20	5	5
Other reserves		749,999	749,999
Retained earnings		(30,599)	163,929
Total equity		719,405	913,933

The company made a loss after tax for the financial year of £194,528 (2024 - profit of £566,831).

Approved and authorised by the director on 4 December 2025
 

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M C Bila

Director