Company registration number SC258048 (Scotland)
HOMETRUST CARE LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
HOMETRUST CARE LIMITED
COMPANY INFORMATION
Directors
Ms A L Joyce
Miss A Joyce
Mr R Joyce
Mr B McCubbin
Secretary
Ms A L Joyce
Company number
SC258048
Registered office
5 Whitefriars Crescent
Perth
United Kingdom
PH2 0PA
Auditor
Azets Audit Services
5 Whitefriars Crescent
Perth
United Kingdom
PH2 0PA
Business address
The Steading
Glenara
Sauchob Road
Methven
Perthshire
United Kingdom
PH1 3QD
HOMETRUST CARE LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2 - 3
Independent auditor's report
4 - 6
Statement of income and retained earnings
7
Balance sheet
8
Statement of cash flows
9
Notes to the financial statements
10 - 19
HOMETRUST CARE LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The directors present the strategic report for the year ended 31 March 2025.

Review of the business

The principal activity of the company continued to be that of the operation of three private care homes.

2025 2024

£ £

Turnover 5,406,279 4,657,401

Operating profit 874,655 668,177

Profit after tax 761,216 361,707

Gross Profit Margin 47.63% 46.46%

Average number of employees 101 100

The directors are aware that the future performance of the company will be directly affected by circumstances prevailing in the UK economy, but believe that the good flow of future work and constant assessment and review of costs, will ensure future prosperity of the business.

Principal risks and uncertainties

The main risk to the company would be a fall in occupancy levels. The directors will continue to ensure that all rooms provided meet with the highest level of expectation from the Care Commission and there are systems in place to review this on a regular basis.

Development and performance

The directors consider that the company has performed well during the year and are pleased with the overall trading results achieved in a challenging economy.The directors strive to maintain and develop the company and the facilities they operate.

Key performance indicators

A summary of the results of the trading for the period ended 31 March 2025 is given within the attached financial statements. The company's key performance indicators are turnover and profit.

On behalf of the board

Ms A L Joyce
Director
23 September 2025
HOMETRUST CARE LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

The directors present their annual report and financial statements for the year ended 31 March 2025.

Principal activities

The principal activity of the company continued to be that of the operation of three private care homes.

Results and dividends

The results for the year are set out on page 7.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Ms A L Joyce
Miss A Joyce
Mr R Joyce
Ms P Wright
(Resigned 22 July 2025)
Mr B McCubbin
Auditor

The auditor, Azets Audit Services, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

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

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

HOMETRUST CARE LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
On behalf of the board
Ms A L Joyce
Director
23 September 2025
HOMETRUST CARE LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF HOMETRUST CARE LIMITED
- 4 -
Opinion

We have audited the financial statements of Hometrust Care Limited (the 'company') for the year ended 31 March 2025 which comprise the statement of income and retained earnings, the balance sheet, the statement of cash flows and notes to the financial statements, including 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 company's affairs as at 31 March 2025 and of its 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's responsibilities for the audit of the financial statements section of our report. We are independent of the company 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 directors' 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 company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.

Opinions on other matters prescribed by the Companies Act 2006

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

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

HOMETRUST CARE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF HOMETRUST CARE LIMITED
- 5 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

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

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are 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 directors determine 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 directors are responsible for assessing the 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 directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's 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.

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

HOMETRUST CARE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF HOMETRUST CARE LIMITED
- 6 -

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

- Reviewing minutes of meetings of those charged with governance;

- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

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.

Sally Cheeney
Senior Statutory Auditor
For and on behalf of Azets Audit Services
23 September 2025
Chartered Accountants
Statutory Auditor
5 Whitefriars Crescent
Perth
United Kingdom
PH2 0PA
HOMETRUST CARE LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
2025
2024
Notes
£
£
Turnover
5,406,279
4,657,401
Cost of sales
(2,831,155)
(2,493,635)
Gross profit
2,575,124
2,163,766
Administrative expenses
(1,700,469)
(1,495,589)
Operating profit
2
874,655
668,177
Interest receivable and similar income
6
59,338
33,667
Interest payable and similar expenses
7
(1,286)
(17,405)
Profit before taxation
932,707
684,439
Tax on profit
8
(171,491)
(322,732)
Profit for the financial year
761,216
361,707
Retained earnings brought forward
7,237,617
6,875,910
Retained earnings carried forward
7,998,833
7,237,617

The profit and loss account has been prepared on the basis that all operations are continuing operations.

HOMETRUST CARE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 8 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
11
5,451,095
5,070,932
Current assets
Debtors
12
186,821
402,393
Cash at bank and in hand
3,094,811
2,651,055
3,281,632
3,053,448
Creditors: amounts falling due within one year
13
(672,586)
(819,938)
Net current assets
2,609,046
2,233,510
Total assets less current liabilities
8,060,141
7,304,442
Provisions for liabilities
Deferred tax liability
14
45,208
50,725
(45,208)
(50,725)
Net assets
8,014,933
7,253,717
Capital and reserves
Called up share capital
16
104
104
Share premium account
15,996
15,996
Profit and loss reserves
7,998,833
7,237,617
Total equity
8,014,933
7,253,717
The financial statements were approved by the board of directors and authorised for issue on 23 September 2025 and are signed on its behalf by:
Ms A L Joyce
Director
Company Registration No. SC258048
HOMETRUST CARE LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
19
960,848
1,087,403
Interest paid
(1,286)
(17,405)
Income taxes paid
(217,587)
(75,216)
Net cash inflow from operating activities
741,975
994,782
Investing activities
Purchase of tangible fixed assets
(542,557)
(731,112)
Rent received
19,030
-
0
Loan repaid/ issued from/ to director
185,000
(185,000)
Interest received
40,308
33,667
Net cash used in investing activities
(298,219)
(882,445)
Net increase in cash and cash equivalents
443,756
112,337
Cash and cash equivalents at beginning of year
2,651,055
2,538,718
Cash and cash equivalents at end of year
3,094,811
2,651,055
HOMETRUST CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
1
Accounting policies
Company information

Hometrust Care Limited is a private company limited by shares incorporated in Scotland. The registered office is 5 Whitefriars Crescent, Perth, United Kingdom, PH2 0PA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents amounts receivable for goods and services.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.4
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 their residual values over their useful lives on the following bases:

Freehold land and buildings
1% on cost
Plant and equipment
20% on cost
Fixtures and fittings
20% on cost
Computer equipment
33% on cost
Motor vehicles
20% on cost

Assets in the course of construction are not depreciated.

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.

HOMETRUST CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 11 -
1.5
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.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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.

HOMETRUST CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 12 -
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 paymen ts 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. A m ounts 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.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Operating profit
2025
2024
Operating profit for the year is stated after charging:
£
£
Depreciation of owned tangible fixed assets
162,394
154,797
HOMETRUST CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 13 -
3
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
16,175
16,500
4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Direct
91
92
Administration
5
4
Directors
5
4
Total
101
100

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
2,590,628
2,302,955
Social security costs
264,431
185,821
Pension costs
97,859
88,136
2,952,918
2,576,912
5
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
185,000
107,162
Company pension contributions to defined contribution schemes
62,747
55,622
247,747
162,784
6
Interest receivable and similar income
2025
2024
£
£
Other income
Interest on bank deposits
40,308
33,667
Other income
19,030
-
0
Total income
59,338
33,667
HOMETRUST CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
6
Interest receivable and similar income
(Continued)
- 14 -
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
40,308
33,667
7
Interest payable and similar expenses
2025
2024
£
£
Other finance costs:
Interest on overdue taxation
1,286
17,405
8
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
239,187
185,195
Adjustments in respect of prior periods
(62,179)
141,439
Total current tax
177,008
326,634
Deferred tax
Origination and reversal of timing differences
(6,423)
(3,902)
Deferred tax adjustments in respect of prior periods
906
-
0
Total deferred tax
(5,517)
(3,902)
Total tax charge
171,491
322,732
HOMETRUST CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
8
Taxation
(Continued)
- 15 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
932,707
684,439
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
233,177
171,110
Tax effect of expenses that are not deductible in determining taxable profit
30,667
500
Permanent capital allowances in excess of depreciation
(24,657)
13,584
Under/(over) provided in prior years
(62,179)
141,439
Deferred tax adjustments in respect of prior years
906
-
0
Deferred tax movement
(6,423)
(3,901)
Taxation charge for the year
171,491
322,732
10
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
1,000,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
1,000,000
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
HOMETRUST CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 16 -
11
Tangible fixed assets
Freehold land and buildings
Assets under construction
Plant and equipment
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
£
Cost
At 1 April 2024
4,855,395
692,181
926,104
665,750
150,312
27,042
7,316,784
Additions
-
0
432,065
35,558
48,759
26,175
-
0
542,557
At 31 March 2025
4,855,395
1,124,246
961,662
714,509
176,487
27,042
7,859,341
Depreciation and impairment
At 1 April 2024
692,726
-
0
776,188
622,662
143,460
10,816
2,245,852
Depreciation charged in the year
48,554
-
0
72,780
23,157
12,495
5,408
162,394
At 31 March 2025
741,280
-
0
848,968
645,819
155,955
16,224
2,408,246
Carrying amount
At 31 March 2025
4,114,115
1,124,246
112,694
68,690
20,532
10,818
5,451,095
At 31 March 2024
4,162,669
692,181
149,916
43,088
6,852
16,226
5,070,932
HOMETRUST CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11
Tangible fixed assets
(Continued)
- 17 -

Included within tangible fixed assets are assets under construction of the total net book value as at 31 March 2025 of £1,124,246 (2024: £692,181). Assets under construction are not depreciated.

12
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
35,104
207,853
Other debtors
-
0
185,000
Prepayments and accrued income
151,717
9,540
186,821
402,393
13
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
93,802
275,274
Corporation tax
222,980
263,559
Other taxation and social security
95,620
40,440
Other creditors
-
0
14,048
Accruals and deferred income
260,184
226,617
672,586
819,938
14
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
45,208
50,725
2025
Movements in the year:
£
Liability at 1 April 2024
50,725
Credit to profit or loss
(5,517)
Liability at 31 March 2025
45,208
HOMETRUST CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
14
Deferred taxation
(Continued)
- 18 -

The deferred tax liability set out above is expected to reverse within 12 months and relates to accelerated capital allowances that are expected to mature within the same period.

15
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
97,859
88,136

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

16
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
39
39
39
39
Ordinary A of £1 each
35
35
35
35
Ordinary B of £1 each
10
10
10
10
Ordinary C of £1 each
10
10
10
10
Ordinary D of £1 each
10
10
10
10
104
104
104
104
17
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Purchases
Purchases
2025
2024
£
£
Other related parties
14,400
14,400
HOMETRUST CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 19 -
18
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Dividends totalling £0 (2024 - £0) were paid in the year in respect of shares held by the company's directors.

Directors' loan account was fully repaid before year end.

Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Loan
-
185,000
(185,000)
-
185,000
(185,000)
-
19
Cash generated from operations
2025
2024
£
£
Profit for the year after tax
761,216
361,707
Adjustments for:
Taxation charged
171,491
322,732
Finance costs
1,286
17,405
Investment income
(59,338)
(33,667)
Depreciation and impairment of tangible fixed assets
162,394
154,797
Movements in working capital:
Decrease in debtors
30,572
89,817
(Decrease)/increase in creditors
(106,773)
174,612
Cash generated from operations
960,848
1,087,403
20
Analysis of changes in net funds
1 April 2024
Cash flows
31 March 2025
£
£
£
Cash at bank and in hand
2,651,055
443,756
3,094,811
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