REGISTERED NUMBER: 06880415 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

LANGFORD PARK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M P Madden

REGISTERED OFFICE:

Granville Hall

Granville Road

Leicester

Leicestershire

LE1 7RU

REGISTERED NUMBER:

06880415 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr P Bott FCA

AUDITORS:

Mark J Rees LLP Chartered Accountants

and Statutory Auditors

Granville Hall

Granville Road

Leicester

LE1 7RU

FIXED ASSETS

Tangible assets

4

3,898,209

3,181,519

CURRENT ASSETS

Debtors

5

1,486,023

1,905,119

Cash at bank and in hand

14,001

168,412

1,500,024

2,073,531

CREDITORS

Amounts falling due within one year

6

467,415

858,167

NET CURRENT ASSETS

1,032,609

1,215,364

TOTAL ASSETS LESS CURRENT LIABILITIES

4,930,818

4,396,883

CREDITORS

Amounts falling due after more than one year

7

(3,878,403

)

(3,123,127

)

PROVISIONS FOR LIABILITIES

9

(57,853

)

(20,742

)

NET ASSETS

994,562

1,253,014

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

994,462

1,252,914

SHAREHOLDERS' FUNDS

994,562

1,253,014

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 December 2025 and were signed by:

Mr M P Madden - Director

1.	STATUTORY INFORMATION

Langford Park Ltd 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 Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Comparative Figures

The comparative figures are for the 13 month period of trading to 30 April 2024.

Going Concern

The financial statements have been prepared on a going concern basis. As at 30 April 2025 the assets exceed the liabilities by £994,562 (2024: £1,253,014). Continuation to trade depends upon the support of the group. The directors have considered a 12 month period post approval and have indicated that group support will be available.

Should the company be unable to continue to trade, adjustments would have to be made to reduce the assets to their recoverable amount, to provide for any further liabilities which may arise, and to reclassify fixed assets as current.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.

Turnover represents income receivable from health and care provision services rendered and goods supplied.

Turnover is recognised in the accounting period in which the company obtains the right to consideration in exchange for its performance.

Tangible fixed assets

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

Long leasehold

-

Straight line over 30 years

Plant and machinery

-

Straight line over 4 years

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the 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

Assets held under finance leases which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or if lower, the present value of the minimum lease payments as determined at the inception of the lease and are depreciated over the shorter of the lease terms and their useful lives).The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the profit and loss account over the period of the lease to produce a constant periodic rate of interest on the remaining balance of the liability.

Lease liabilities are remeasured when there is a change in future lease payments arising from a change in an index or rate, including changes in market rental rates following a market rent review, or, as appropriate, changes in the assessment of whether a renewal or purchase option is reasonably certain to be exercised or a break clause is reasonably certain not to be exercised. The revised lease payments are discounted using the company’s incremental borrowing rate at the lease commencement date when the rate implicit in the lease cannot be readily determined. The amount of the remeasurement of the lease liability is reflected as an adjustment to the carrying amount of the long leasehold asset. The exception being when the carrying amount of the right-of-use asset has been reduced to zero then any excess is recognised in the income statement.

Pension costs and other post-retirement benefits

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

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently, where material, at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are measured subsequently, where material, at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2024 - 54 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 May 2024

3,276,000

134,207

90,689

9,800

3,510,696

Additions

766,245

26,105

86,517

-

878,867

At 30 April 2025

4,042,245

160,312

177,206

9,800

4,389,563

DEPRECIATION

At 1 May 2024

177,450

111,466

31,769

8,492

329,177

Charge for year

128,002

13,256

19,611

1,308

162,177

At 30 April 2025

305,452

124,722

51,380

9,800

491,354

NET BOOK VALUE

At 30 April 2025

3,736,793

35,590

125,826

-

3,898,209

At 30 April 2024

3,098,550

22,741

58,920

1,308

3,181,519

The remeasurement of the lease liability has been recognised as a result of a change in lease payments. This adjustment has been capitalised as an addition to the carrying amount of the long leasehold asset in the period.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

215,568

140,335

Amounts owed by group undertakings

1,228,042

1,547,259

Other debtors

42,413

217,525

1,486,023

1,905,119

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts and finance leases (see note 8)

52,388

90,698

Trade creditors

53,968

194,248

Amounts owed to group undertakings

17,519

-

Taxation and social security

83,408

124,683

Other creditors

260,132

448,538

467,415

858,167

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts and finance leases (see note 8)

3,878,403

3,123,127

Amounts falling due in more than five years:

Repayable by instalments

Finance leases

3,634,486

2,582,337

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

Finance leases

2025

2024

2025

2024

£

£

£

£

Net obligations repayable:

Within one year

-

639

52,388

90,059

Between one and five years

-

-

243,917

540,790

In more than five years

-

-

3,634,486

2,582,337

-

639

3,930,791

3,213,186

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

57,853

20,742

Deferred

tax

£

Balance at 1 May 2024

20,742

Provided during year

37,111

Balance at 30 April 2025

57,853

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr P Bott FCA (Senior Statutory Auditor)

for and on behalf of Mark J Rees LLP Chartered Accountants

12.	PENSION COMMITMENTS

The company operates defined contribution pension schemes. The assets of the schemes are held separately from those of the company within independently administered funds. The total contributions paid in the period amounted to £22,430 (2024: £6,183 ). Contributions of £2,532 (2024: £3,495 ) were unpaid at the year end.

13.	RELATED PARTY DISCLOSURES

At 30 April 2025 the company was owed £1,405,565 (2024: £53,677) by related parties. The company owed £92,452 (2024: NIL) to related parties.

All of the related party companies share the same director.

14.	ULTIMATE CONTROLLING PARTY

The parent and ultimate controlling parent company at the balance sheet date is Welford Healthcare ChH Limited, a private limited company incorporated and registered in England and Wales. The registered office of Welford Healthcare ChH Limited is Granville Hall, Granville Road, Leicester, LE1 7RU and copies of the parents financial statements are available from Companies House, Crown Way, Cardiff, CF14 3UZ.