Clearwater Care (Leadon Court) Limited

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

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Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 05084368

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,008,266		1,008,534

			1,008,266		1,008,534
CURRENT ASSETS
Stocks	5	2,300		2,300
Debtors	6	216,554		119,017
Cash at bank and in hand		859,813		888,230

		1,078,667		1,009,547
Creditors: Amounts Falling Due Within One Year	7	(700,411 )		(790,600 )

NET CURRENT ASSETS (LIABILITIES)			378,256		218,947

TOTAL ASSETS LESS CURRENT LIABILITIES			1,386,522		1,227,481

PROVISIONS FOR LIABILITIES
Deferred Taxation			(12,869 )		(9,166 )

NET ASSETS			1,373,653		1,218,315

CAPITAL AND RESERVES
Called up share capital	8		10,000		10,000
Profit and Loss Account			1,363,653		1,208,315

SHAREHOLDERS' FUNDS			1,373,653		1,218,315

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 D H Baines

Director

28 November 2025

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

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Clearwater Care (Leadon Court) Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

General information

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

The address of its registered office is:

Millheath Nursing Home

Parret Road

Bettws

Newport

South Wales

NP20 7DQ

The principal place of business is:

C/O Millheath

Accounts Office

Millheath Nursing Home

Bettws

Newport

NP20 7DQ

These financial statements were authorised for issue by the Board on 28th November 2025.

The company registration number is: 05084368

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 provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax,

refunds, 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 concerning occupancy have been met.

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Clearwater Care (Leadon Court) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.4. Tangible Fixed Assets and Depreciation

Tangible assets are stated in the statement of financial position 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
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.5. 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.

2.6. 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 services provided in the ordinary course of business.

Trade debtors are recognised initially at the transaction price, being the invoiced value of the services provided. Should the normal terms of business be exceeded, trade debtors 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 normal 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, being the invoiced value of the goods or services provided, and subsequently measured at amortised cost using the effective interest method, should the normal terms of business be exceeded.

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Clearwater Care (Leadon Court) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. 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 income 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 income tax is determined using tax rates and laws which 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.

2.8. 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.

Share based payments

The company operates an equity-settled, share-based compensation plan, under which the entity receives services from employees as consideration for equity instruments (options) of the entity. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The estimated fair value of the option granted is calculated using the Black Scholes option pricing model. The total amount expensed is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.

The proceeds received net of any directly attributable transaction costs are credited to share capital (nominal value) and share premium when the options are exercised.

2.9. 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.

2.10. Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

2.11. 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: 58 (2024: 60)

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Clearwater Care (Leadon Court) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 April 2024	955,710	-	16,863	178,770	1,151,343
Additions	-	14,219	-	2,151	16,370

As at 31 March 2025	955,710	14,219	16,863	180,921	1,167,713

Depreciation
As at 1 April 2024	-	-	703	142,106	142,809
Provided during the period	-	3,258	4,040	9,340	16,638

As at 31 March 2025	-	3,258	4,743	151,446	159,447

Net Book Value
As at 31 March 2025	955,710	10,961	12,120	29,475	1,008,266

As at 1 April 2024	955,710	-	16,160	36,664	1,008,534

Included within the net book value of land and buildings above is £955,710 (2024 - £955,710) in respect of freehold land and buildings.

5. Stocks

	2025	2024
	£	£
Stock	2,300	2,300

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	61,229	46,770
Amounts owed by group undertakings	62,528	-
Other debtors	92,797	72,247

	216,554	119,017

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	51,734	17,196
Amounts owed to group undertakings	468,726	-
Amounts owed to participating interests	-	609,535
Other creditors	78,150	81,233
Taxation and social security	101,801	82,636

	700,411	790,600

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Clearwater Care (Leadon Court) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10,000	10,000

9. 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	(50,000 )	-	-	-	(50,000 )

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

10. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

11. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is FC Summerhill NH Ltd . FC Summerhill NH Ltd was incorporated in England & Wales. Copies of the group accounts may be obtained from the secretary, c/o Millheath Nursing home, Parret Road, Bettws, Newport, NP20 7DQ . The ultimate controlling party is FC Summerhill NH Ltd who controls 100% of the shares of Clearwater Care (Leadon Court) Limited .

The ultimate controlling party is Mr D Baines & Mr M Peniuk.

12. Audit Information

The auditor's report on the accounts of Clearwater Care (Leadon Court) Limited 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 the provisions available for small entities, in the circumstances set out in note 10 to the financial statements 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	05084368

Registered Office	Millheath Nursing Home Parret Road
	Bettws
	Newport
	Gwent
	NP20 7DQ

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