REGISTERED NUMBER: 03118990 (England and Wales)

Roberts Homes (North Wales) Limited

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Consolidated Income Statement

7

Consolidated Other Comprehensive Income

8

Consolidated Balance Sheet

9

Company Balance Sheet

10

Consolidated Statement of Changes in Equity

11

Company Statement of Changes in Equity

12

Consolidated Cash Flow Statement

13

Notes to the Consolidated Cash Flow Statement

14

Notes to the Consolidated Financial Statements

15

DIRECTORS:

Mrs S Roberts

Mr I Roberts

SECRETARY:

Mrs S Roberts

REGISTERED OFFICE:

Wepre House

Lon Parcwr Business Park

Ruthin

Denbighshire

LL15 1NJ

REGISTERED NUMBER:

03118990 (England and Wales)

AUDITORS:

Salisbury & Company Business Solutions Limited

Statutory Auditors

Chartered Accountants

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

The directors present their strategic report of the company and the group for the year ended 31 March 2025.

REVIEW OF BUSINESS

The company continued to operate it's original 3 care homes and in February 2025 acquired the full shareholding of Sapphire Streams Limited from cash resources. Sapphire Streams Limited owns 2 further homes located in Rhyl, Denbighshire and Shotton, Flintshire. This acquisition added an additional 61 beds to the group making a total of 219 overall.

The directors report a very strong financial performance with profitability increasing when compared to previous years.

The company continues to be registered with the Home Office to enable overseas recruitment, helping with staffing levels.

The directors continue to explore opportunities to expand the business either by way of development of the existing care homes or acquisition of additional homes.

PRINCIPAL RISKS AND UNCERTAINTIES

Credit risk

The directors are satisfied that the credit risk is adequately managed, and the level of bad debt is below the national average for a business of this nature. Debtors are reviewed on a regular basis.

Recoverability has been discussed by the directors, and it is their opinion that these balances do not represent a financial risk to the company.

Interest rate exposure

The company trading is financed solely by its own cash resources and so is not exposed to interest rate fluctuations.

Liquidity risk

The directors are confident that the company holds sufficient cash reserves to service its working capital requirements.

Market risk

The company's care home business operates in a very strong and growing market.

ON BEHALF OF THE BOARD:

Mr I Roberts - Director

8 December 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2025.

DIVIDENDS

Final dividend per share were issued as follows:

Share type

Dividend per share

Total distribution

A Ordinary

26,666

533,332

B Ordinary

26,666

533,332

C Ordinary

26,666

533,332

D Ordinary

26,666

533,332

E Ordinary

26,666

533,332

2,666,660

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

Mrs S Roberts

Mr I Roberts

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Salisbury & Company Business Solutions Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr I Roberts - Director

8 December 2025

Opinion

We have audited the financial statements of Roberts Homes (North Wales) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 of the parent company 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 Auditors' 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 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 group's and the parent 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 directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors 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 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 the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

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 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 Statement of Directors' Responsibilities set out on page three, 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 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 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 directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' 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 a Report of the Auditors 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:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatement in the financial statements may not be detected, even though the audit is properly planned in accordance with ISA (UK).

We obtained an understanding of the legal and regulatory frameworks applicable to the group and the industry in which it operates through our general commercial and sector experience and discussions with management. We determined that the following laws and regulations were most significant: The Companies Act 2006, FRS 102 the 'Financial Reporting Standards applicable in the UK and Republic of Ireland' and relevant UK tax legislation. In addition, we concluded that there are certain laws and regulations that may have an effect on the determination of the amounts and disclosures within the financial statements such as Health and Safety laws and regulations.

We assessed the susceptibility of the group's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:

- Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations or fraud;

- Obtaining an understanding of the internal controls that management have in place to prevent and detect fraud;

- Challenging assumptions and judgements made by management in its significant accounting estimates;

- Reviewing the financial statement disclosures and assessing the appropriateness of the accounting policies used;

- Identifying and testing journal entries, in particular manual or unusual entries;

- Obtaining third party confirmations of all the companies banking arrangements;

- Performing analytical procedures to identify any unusual or unexpected relationships;

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting.

The assessment of the appropriateness of the collective competence and capabilities of the engagement team included consideration of the engagements team's knowledge of the industry in which the client operates in and understanding of, and practical experience with, audit engagements of a similar nature and complexity through appropriate training and participation.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment.

Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non-compliance or fraud and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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 a Report of the Auditors 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.

Jeremy Salisbury (Senior Statutory Auditor)

for and on behalf of Salisbury & Company Business Solutions Limited

Statutory Auditors

Chartered Accountants

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

8 December 2025

TURNOVER

8,956,757

7,599,876

Cost of sales

(6,303,887

)

(5,901,639

)

GROSS PROFIT

2,652,870

1,698,237

Administrative expenses

(1,263,349

)

(946,729

)

1,389,521

751,508

Other operating income

24,744

2,030,678

OPERATING PROFIT

4

1,414,265

2,782,186

Interest payable and similar expenses

5

(1,640

)

(777

)

PROFIT BEFORE TAXATION

1,412,625

2,781,409

Tax on profit

6

(376,229

)

(209,820

)

PROFIT FOR THE FINANCIAL YEAR

1,036,396

2,571,589

Profit attributable to:

Owners of the parent

1,036,396

2,571,589

PROFIT FOR THE YEAR

1,036,396

2,571,589

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,036,396

2,571,589

Total comprehensive income attributable to:

Owners of the parent

1,036,396

2,571,589

FIXED ASSETS

Intangible assets

9

484,856

16,737

Tangible assets

10

5,678,223

4,714,794

Investments

11

-

-

6,163,079

4,731,531

CURRENT ASSETS

Stocks

12

3,400

-

Debtors

13

1,041,489

1,334,709

Cash at bank and in hand

732,958

233,444

1,777,847

1,568,153

CREDITORS

Amounts falling due within one year

14

3,895,212

659,461

NET CURRENT (LIABILITIES)/ASSETS

(2,117,365

)

908,692

TOTAL ASSETS LESS CURRENT LIABILITIES

4,045,714

5,640,223

PROVISIONS FOR LIABILITIES

15

132,502

96,747

NET ASSETS

3,913,212

5,543,476

CAPITAL AND RESERVES

Called up share capital

16

100

100

Retained earnings

17

3,913,112

5,543,376

SHAREHOLDERS' FUNDS

3,913,212

5,543,476

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

Mr I Roberts - Director

FIXED ASSETS

Intangible assets

9

3,349

16,737

Tangible assets

10

4,631,472

4,714,794

Investments

11

1,771,810

-

6,406,631

4,731,531

CURRENT ASSETS

Debtors

13

940,346

1,334,709

Cash at bank

384,930

233,444

1,325,276

1,568,153

CREDITORS

Amounts falling due within one year

14

3,717,510

659,461

NET CURRENT (LIABILITIES)/ASSETS

(2,392,234

)

908,692

TOTAL ASSETS LESS CURRENT LIABILITIES

4,014,397

5,640,223

PROVISIONS FOR LIABILITIES

15

132,502

96,747

NET ASSETS

3,881,895

5,543,476

CAPITAL AND RESERVES

Called up share capital

16

100

100

Retained earnings

17

3,881,795

5,543,376

SHAREHOLDERS' FUNDS

3,881,895

5,543,476

Company's profit for the financial year

1,005,079

2,571,589

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

Mr I Roberts - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

100

2,971,787

2,971,887

Changes in equity

Total comprehensive income

-

2,571,589

2,571,589

Balance at 31 March 2024

100

5,543,376

5,543,476

Changes in equity

Dividends

-

(2,666,660

)

(2,666,660

)

Total comprehensive income

-

1,036,396

1,036,396

Balance at 31 March 2025

100

3,913,112

3,913,212

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

100

2,971,787

2,971,887

Changes in equity

Total comprehensive income

-

2,571,589

2,571,589

Balance at 31 March 2024

100

5,543,376

5,543,476

Changes in equity

Dividends

-

(2,666,660

)

(2,666,660

)

Total comprehensive income

-

1,005,079

1,005,079

Balance at 31 March 2025

100

3,881,795

3,881,895

Cash flows from operating activities

Cash generated from operations

1

5,016,915

(299,002

)

Interest paid

(1,640

)

(777

)

Tax paid

(269,857

)

(140,920

)

Net cash from operating activities

4,745,418

(440,699

)

Cash flows from investing activities

Purchase of intangible fixed assets

(489,668

)

-

Purchase of tangible fixed assets

(61,308

)

-

Acquisition of Sapphire Stream

(1,036,935

)

-

Net cash from investing activities

(1,587,911

)

-

Cash flows from financing activities

Amount withdrawn by directors

8,667

-

Equity dividends paid

(2,666,660

)

-

Net cash from financing activities

(2,657,993

)

-

Increase/(decrease) in cash and cash equivalents

499,514

(440,699

)

Cash and cash equivalents at beginning of year

2

233,444

674,143

Cash and cash equivalents at end of year

2

732,958

233,444

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

1,412,625

2,781,409

Depreciation charges

168,125

162,590

Amounts owed by group

-

(2,289,904

)

Amounts owed by related party

2,875,217

(295,684

)

Finance costs

1,640

777

4,457,607

359,188

Increase in stocks

(3,400

)

-

Increase in trade and other debtors

(2,464

)

(645,113

)

Increase/(decrease) in trade and other creditors

565,172

(13,077

)

Cash generated from operations

5,016,915

(299,002

)

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2025

31/3/25

1/4/24

£

£

Cash and cash equivalents

732,958

233,444

Year ended 31 March 2024

31/3/24

1/4/23

£

£

Cash and cash equivalents

233,444

674,143

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/24

Cash flow

At 31/3/25

£

£

£

Net cash

Cash at bank and in hand

233,444

499,514

732,958

233,444

499,514

732,958

Total

233,444

499,514

732,958

1.	STATUTORY INFORMATION

Roberts Homes (North Wales) 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 General Information page.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill representing the excess of consideration for an acquired business compared with the fair value of net assets acquired is capitalised and written off evenly over 10 year as in the opinion of the directors this represents the period over which the goodwill is effective. The useful economic lives are reviewed at the end of each reporting period.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on cost and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

5,761,215

5,286,009

Social security costs

302,333

277,557

Other pension costs

5,783

45,855

6,069,331

5,609,421

The average number of employees during the year was as follows:

2025

2024

Nursing staff

159

153

The average number of employees by undertakings that were proportionately consolidated during the year was NIL (2024 - NIL).

2025

2024

£

£

Directors' remuneration

-

-

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Hire of plant and machinery

3,318

-

Other operating leases

112

-

Depreciation - owned assets

146,577

149,040

Goodwill amortisation

21,549

13,550

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

No description

1,640

777

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

352,237

191,911

Deferred tax

23,992

17,909

Tax on profit

376,229

209,820

7.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.