Company No: 03958335 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	R D Hearn
	M Jackson-Smith
	N Jackson-Smith

Secretary

R D Hearn

Registered office	71 Church Road
	Hove
	East Sussex
	BN3 2BB
	United Kingdom

Company number

03958335 (England and Wales)

Accountant	Kreston Reeves LLP
	Projects Nile House
	Nile Street
	Brighton
	BN1 1HW

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hanover Care Limited for the financial year ended 31 March 2025 which comprise the Balance Sheet and the related notes 1 to 11 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Hanover Care Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hanover Care Limited. You consider that Hanover Care Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Hanover Care Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Hanover Care Limited, as a body, in accordance with the terms of our engagement letter dated 30 September 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Hanover Care Limited and state those matters that we have agreed to state to the Board of Directors of Hanover Care Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hanover Care Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP

Projects Nile House
Nile Street
Brighton
BN1 1HW

10 December 2025

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	13,010		11,220
		13,010		11,220
Current assets
Debtors	5	992,321		999,914
Cash at bank and in hand		1,037		15,651
		993,358		1,015,565
Creditors: amounts falling due within one year	6	( 514,259)		( 568,945)
Net current assets		479,099		446,620
Total assets less current liabilities		492,109		457,840
Provision for liabilities	7	( 819)		0
Net assets		491,290		457,840
Capital and reserves
Called-up share capital	8	950		950
Share premium account		22,050		22,050
Equity reserve		235		235
Profit and loss account		468,055		434,605
Total shareholders' funds		491,290		457,840

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Hanover Care Limited (registered number: 03958335) were approved and authorised for issue by the Board of Directors on 10 December 2025. They were signed on its behalf by:

R D Hearn Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hanover Care Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 71 Church Road, Hove, East Sussex, BN3 2BB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

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

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Comprehensive Income in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs

3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	depreciated over the life of the lease
Vehicles	15 % reducing balance
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	134		157

3. Intangible assets

	Website costs		Total
	£		£
Cost
At 01 April 2024	8,425		8,425
At 31 March 2025	8,425		8,425
Accumulated amortisation
At 01 April 2024	8,425		8,425
At 31 March 2025	8,425		8,425
Net book value
At 31 March 2025	0		0
At 31 March 2024	0		0

4. Tangible assets

	Leasehold improve- ments		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 April 2024	2,200		20,703		23,399		46,302
Additions	0		0		5,347		5,347
Disposals	( 2,200)		0		( 2,524)		( 4,724)
At 31 March 2025	0		20,703		26,222		46,925
Accumulated depreciation
At 01 April 2024	1,722		13,537		19,823		35,082
Charge for the financial year	478		1,074		2,005		3,557
Disposals	( 2,200)		0		( 2,524)		( 4,724)
At 31 March 2025	0		14,611		19,304		33,915
Net book value
At 31 March 2025	0		6,092		6,918		13,010
At 31 March 2024	478		7,166		3,576		11,220

5. Debtors

	2025		2024
	£		£
Trade debtors	416,436		438,620
Amounts owed by Group undertakings	563,000		548,000
Prepayments	8,567		7,157
Deferred tax asset	0		106
Other debtors	4,318		6,031
	992,321		999,914

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	59,632		27,527
Amounts owed to directors	143,949		184,850
Accruals	87,639		177,686
Corporation tax	73,516		18,053
Other taxation and social security	130,691		160,551
Other creditors	18,832		278
	514,259		568,945

7. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	106		( 673)
(Charged)/credited to the Profit and Loss Account	( 925)		779
At the end of financial year	( 819)		106

The deferred taxation balance is made up as follows:

	2025		2024
	£		£
Accelerated capital allowances	( 1,200)		( 563)
Other timing differences	381		669
	( 819)		106

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
9,000 Ordinary shares of £ 0.10 each	900		900
500 Ordinary A shares of £ 0.10 each	50		50
	950		950

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	48,925		56,925
between one and five years	42,394		84,625
after five years	0		4,463
Total future minimum lease payments under non-cancellable operating leases	91,319		146,013

10. Related party transactions

**R D Hearn**
(Director)
During the year the director provided the company with an interest free unsecured loan. At the balance sheet date the amount due to the director was £54,950 (2024: £59,950).

**M Jackson-Smith**
(Director)
During the year the director provided the company with an interest free unsecured loan. At the balance sheet date the amount due to the director was £1,000 (2024: £14,950).

**N Jackson-Smith**
(Director)
During the year the director provided the company with an interest free unsecured loan. At the balance sheet date the amount due to the director was £88,000 (2024: £109,950).

**TTA Investments LTD**
(A company under common control)
During the year Hanover Care Limited provided TTA Investments LTD with an interest free unsecured loan. At the balance sheet date the amount owed to Hanover Care Limited amounted to £563,000 (2024: £548,000).

During the year Hanover Care Limited paid rent to TTA Investments LTD, the total amount of rent paid amounted to £39,525 (2024: £38,225).

11. Ultimate controlling party

The company is controlled by the directors jointly, who own 95% of the called up share capital.