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

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

My Lifetime Care Limited is a private company limited by shares incorporated in England and Wales. The registered office is L3 Alder Suite, Mamhilad House, Mamhilad Park Estate, Pontypool, Torfaen, NP4 0HZ.

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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

• Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

• Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’: Interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

• Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The directors have adopted the going concern basis in preparing the accounts, notwithstanding net liabilities of £335,348true. ). The company sustained a loss of £177,260 for the year (2024: £309,020 loss). The company's parent entity, The Shaw Foundation Limited forgave £2,225,855 of debt during the year prior to transferring ownership to My Respite Care Limited. The company had net current assets of £419,964 at 31 March 2025 (2024: £505,554 net liabilities) and cash at bank of £132,274 (2024: £14,965). The directors are confident that the company has sufficient cash to meet its debts as they fall due for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 are recoverable.

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:

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.

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.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

The directors have adopted the going concern basis in preparing the accounts, notwithstanding net liabilities of £335,348. ). The company sustained a loss of £177,260 for the year (2024: £309,020 loss). The company's parent entity, The Shaw Foundation Limited forgave £2,225,855 of debt during the year prior to transferring ownership to My Respite Care Limited. The company had net current assets of £419,964 at 31 March 2025 (2024: £505,554 net liabilities) and cash at bank of £132,274 (2024: £14,965). The directors are confident that the company has sufficient cash to meet its debts as they fall due for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements. This is a critical area of judgement.

The Care and Home Inheritance Plan (CHIP) is intended to assist the elderly to fund their care fees. When the CHIP is agreed the client agrees to lease their property to the company, who in turn will pay a pre-agreed monthly contribution to the selected care home and will renovate and sub-let the property.

Commitment to care home fees are treated as a liability at the inception of the lease as the directors believe that there is an obligation. A 'break-fee' asset is recognised being the cost of outstanding care home costs plus the cost of refurbishments in accordance with the terms of the CHIP, this is included within other debtors.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

The lease break fee is the asset that is payable to the company at any point in time for the termination of the lease and therefore an asset is recognised on the balance sheet. This represents the best estimate of the economic inflow to the company.

At 31 March 2025 £836,702 (2024: £636,162) of lease break fees have been recognised in "other debtors". The recoverability of Lease break fee debtors is a key area of judgement; management are satisfied that recovery is reasonably certain either from the CHIP beneficiaries or from the sale of the CHIP property.

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

During the year, loan of £2,225,859 from the company's former parent entity, The Shaw Foundation were forgiven. This is recognised in the statement of changes in equity as a capital contribution.

An amount of £2,000 (2024: £0) was owed to parent company, My Respite Care Ltd (formerly My Care My Home Free Information & Advice) as at 31 March 2025.

The Shaw Foundation Limited are related to the company by a common director.

The parent undertaking of My Lifetime Care Limited is My Respite Care Ltd (formerly My Care My Home Free Information & Advice). In the prior year, My Lifetime Care Limited was a 100% owned Subsidiary of The Shaw Foundation Limited. The Shaw Foundation Limited forgave its loan to My Lifetime Care Limited.