FC Mill Heath Ltd

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

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FC Mill Heath Ltd

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 04660589

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		1,264,910		1,263,139

			1,264,910		1,263,139
CURRENT ASSETS
Stocks	6	3,450		3,450
Debtors	7	498,705		142,042
Cash at bank and in hand		720,394		356,698

		1,222,549		502,190
Creditors: Amounts Falling Due Within One Year	8	(640,389 )		(183,959 )

NET CURRENT ASSETS (LIABILITIES)			582,160		318,231

TOTAL ASSETS LESS CURRENT LIABILITIES			1,847,070		1,581,370

PROVISIONS FOR LIABILITIES
Deferred Taxation			(53,870 )		(55,166 )

NET ASSETS			1,793,200		1,526,204

CAPITAL AND RESERVES
Called up share capital	9		14		14
Capital redemption reserve			6		6
Profit and Loss Account			1,793,180		1,526,184

SHAREHOLDERS' FUNDS			1,793,200		1,526,204

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr M S Peniuk

Director

28 November 2025

The notes on pages 3 to 7 form part of these financial statements.

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FC Mill Heath Ltd

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:

Parret Road

Bettws

Newport

South Wales

NP20 7DQ

The principal place of business is:

Accounts Office

Millheath Nursing Home

Parret Road

Bettws

Newport

NP20 7DQ

These financial statements were authorised for issue by the Board on 17 March 2025.

The company registration number is: 04660589

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

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).

Summary of disclosure exemptions

The company has chosen to take advantage of the examptions available with regards to disclosure of related party transactions with wholly owned subsidiaries of the same group.

Name of parent of group

These financial statements are consolidated in the financial statements of FC Summerhill NH Limited. The financial statements of FC Summerhill NH Limited may be obtained from c/o Millheath Nursing Home, Parrett Road, Bettws, Newport, NP20 7DQ

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis.

2.3. Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of

value added tax, returns, rebates and discounts.

the company recognises revenue when:

the amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

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FC Mill Heath Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

2.5. Tangible Fixed Assets and Depreciation

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.

Freehold property is initially recognised at cost and then periodically adjusted to reflect current valuation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Freehold	Not depreciated
Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance

2.6. Leasing and Hire Purchase Contracts

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

2.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.8. Financial Instruments

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed 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.

Stocks

Stocks are stated at the lower of cost and value-in-use within the business. Cost is determined using the first-in, first-out (FIFO) method.

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.

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FC Mill Heath Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.9. Taxation

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

income is also recognised directly in other comprehensive income.

The current income 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 in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

2.10. Pensions

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.

2.11. Summary of disclosure exemptions

The company has chosen to take advantage of the examptions with regards to disclosure of related party transactions with wholly owned subsidiaries of the same group.

2.12. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 73 (2024: 71)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	500,000

As at 31 March 2025	500,000

Amortisation
As at 1 April 2024	500,000

As at 31 March 2025	500,000

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

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FC Mill Heath Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2024	1,036,656	158,450	664,321	1,859,427
Additions	8,000	-	37,923	45,923

As at 31 March 2025	1,044,656	158,450	702,244	1,905,350

Depreciation
As at 1 April 2024	-	81,061	515,227	596,288
Provided during the period	-	19,347	24,805	44,152

As at 31 March 2025	-	100,408	540,032	640,440

Net Book Value
As at 31 March 2025	1,044,656	58,042	162,212	1,264,910

As at 1 April 2024	1,036,656	77,389	149,094	1,263,139

6. Stocks

	2025	2024
	£	£
Stock	3,450	3,450

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	20,938	2,176
Amounts owed by group undertakings	230,810	-
Amounts owed by participating interests	155,255	67,689
Other debtors	91,702	72,177

	498,705	142,042

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	25,022	41,625
Amounts owed to group undertakings	224,514	-
Amounts owed to participating interests	60,739	-
Other creditors	193,245	84,379
Taxation and social security	136,869	57,955

	640,389	183,959

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FC Mill Heath Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	14	14

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr David Baines	29,749	4,555	-	-	34,304
Mr Mark Peniuk	26,066	-	(4,560 )	-	21,506

The above loan is unsecured, interest free and repayable on demand.

11. Audit Information

The auditor's report on the accounts of FC Mill Heath Ltd for the year ended 31 March 2025 was qualified.

The basis of qualification in the auditor's report was as follows:

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.

The matters required to report by exception are stated below:

The auditor's report was signed by Mr Andrew Hill (Senior Statutory Auditor) for and on behalf of HSJ Audit Limited , Statutory Auditor.

HSJ Audit Limited

Severn House

Hazell Drive

Newport

NP10 8FY

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Directors	Mr D H Baines
	Mr M S Peniuk

Secretary	Mr D H Baines

Company Number	04660589

Registered Office	Parret Road
	Bettws
	Newport
	NP20 7DQ

Auditors	HSJ Audit Limited
	Severn House
	Hazell Drive
	Newport
	NP10 8FY