REGISTERED NUMBER: 08406324 (England and Wales)

STRATEGIC REPORT,

REPORT OF THE DIRECTOR AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PERTON ESTATES LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Director

3

Report of the Independent Auditors

5

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

DIRECTOR:

J H Briggs

REGISTERED OFFICE:

Perton Manor

Wrottesley Park Road

Perton

South Staffordshire

WV8 2HE

REGISTERED NUMBER:

08406324 (England and Wales)

AUDITORS:

TGFP

Chartered Accountants & Statutory Auditors

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

The director presents her strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS

The company's performance in the year under review has been in line with expectations. Turnover has remained consistent with previous years, with 2026 looking to be at a similar level again.

The director is satisfied with the result of the company and the company continues to place safeguards and processes to ensure that the home and, therefore, the company remain unaffected from recruitment & retention risks and infection control risks, with the 2026 results expected to be consistent.

The key performance indicator of the company is turnover as disclosed in the Statement of Income and Retained Earnings.

The company supports the ongoing training of its staff utilising the Open University to deliver Registered mental health nurse training, this has assisted in developing its own nursing team. General training and development of staff is undertaken to upskill the workforce and aid succession planning.

PRINCIPAL RISKS AND UNCERTAINTIES

Perton Estates Limited, like all businesses, faces a number of operating risks and uncertainties. There is a

number of risks that could impact on the company's long-term performance and steps are taken to understand and evaluate these to achieve the company's objective of creating long term sustainable returns.

The most fundamental risks faced by the company are:

(a) if the company fails to comply with regulations, regulatory action could include among other penalties, the revocation of the care home's licence to operate.

(b) the company could suffer severe negative publicity if a serious incident were to occur at the care home.

(c) if budgeted occupancy levels are not achieved then profit will be reduced.

(d) if the company fails to attract and retain nursing and other qualified staff, it may be unable to provide residents with quality nursing care and may have to reduce the number of beds in the care home.

(e) The implications of the government's budget (namely the increase in NI) for care providers will have a huge impact on the profits of the business and the provider is seeking ways in which to mitigate these risks.

The management of the fee structure for complex care and monthly monitoring of operational efficiencies has contributed to cost reductions and enhanced profitability.

Perton Estates is dedicated to environmental, social, and governance (ESG) standards, with initiatives in place to reduce our carbon footprint and enhance our sustainability practices.

ON BEHALF OF THE BOARD:

J H Briggs - Director

15 September 2025

The director presents her report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a residential care home.

DIVIDENDS

No interim dividend was paid during the year. The director recommends a final dividend of £1 per share.

The total distribution of dividends for the year ended 31 March 2025 will be £ 10,000 .

DIRECTOR

J H Briggs held office during the whole of the period from 1 April 2024 to the date of this report.

FINANCIAL INSTRUMENTS

The directors constantly monitor the company's trading results and revise projections as appropriate to ensure that the company meets its future obligations as they fall due.

The company is exposed to the usual credit and cash flow risk associated with selling on credit and manages this through credit control procedures. The nature of its financial instruments mean that price and liquidity risks are minimised by the predetermination of the company's funding facilities and terms.

STRATEGIC REPORT

In accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors Report) Regulations 2013, the company has prepared a strategic report, which includes information that would have previously been included in the Director's Report.

DIRECTOR'S RESPONSIBILITIES STATEMENT

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is 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 director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company 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 director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and she has taken all the steps that she ought to have taken as a director in order to make herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, TGFP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

J H Briggs - Director

15 September 2025

Opinion

We have audited the financial statements of Perton Estates Limited (the 'company') for the year ended 31 March 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and 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 company's affairs as at 31 March 2025 and of its 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 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 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 director's 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 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, 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 Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Director 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

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, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Director's Responsibilities Statement set out on page three, the director is 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 director determines 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 director is responsible for assessing the 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 director either intends to liquidate the company or to cease operations, or has 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:

We have considered how irregularities, including fraud, can be detected in this business and how they may

occur.

To mitigate these risks we have carried out the following risk assessment procedures:

- Enquiry with management and those charged with governance regarding any known or suspected instances of fraud;

- Performing analytical review procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- Testing of journal entries throughout the year and post year end, which met a defined risk criteria.

In respect of non- compliance with laws and regulations we have carried out the following enquiries:

- Evaluated the implications of identified or suspected non-compliance on the financial statements and the audit report.

- Review of legal expenditure and understanding the nature of expenditure incurred.

- Review of correspondence with tax authorities for any instances of non-compliance with tax laws and regulations;

- Reviewing the financial statements disclosures and agreeing to supporting documentation

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.

Benjamin R. Reynolds (Senior Statutory Auditor)

for and on behalf of TGFP

Chartered Accountants & Statutory Auditors

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

8 December 2025

TURNOVER

3

8,293,561

7,842,290

Cost of sales

5,143,710

4,698,157

GROSS PROFIT

3,149,851

3,144,133

Administrative expenses

1,379,343

1,637,883

1,770,508

1,506,250

Other operating income

5,457

1,159

OPERATING PROFIT

5

1,775,965

1,507,409

Interest receivable and similar income

120

132

1,776,085

1,507,541

Interest payable and similar expenses

6

349,135

818,662

PROFIT BEFORE TAXATION

1,426,950

688,879

Tax on profit

7

322,509

185,914

PROFIT FOR THE FINANCIAL YEAR

1,104,441

502,965

OTHER COMPREHENSIVE INCOME

Property revaluation

8,622,817

-

Deferred tax on revaluation

(2,171,587

)

-

Accumulated depreciation on revaluation

112,071

-

Income tax relating to components of other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

6,563,301

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

7,667,742

502,965

FIXED ASSETS

Tangible assets

10

13,704,175

5,111,768

CURRENT ASSETS

Stocks

11

6,000

1,313

Debtors

12

9,261,555

13,852,742

Cash at bank and in hand

954,277

924,457

10,221,832

14,778,512

CREDITORS

Amounts falling due within one year

13

5,116,549

2,959,302

NET CURRENT ASSETS

5,105,283

11,819,210

TOTAL ASSETS LESS CURRENT LIABILITIES

18,809,458

16,930,978

CREDITORS

Amounts falling due after more than one year

14

(55,894

)

(7,990,216

)

PROVISIONS FOR LIABILITIES

18

(3,014,229

)

(859,169

)

NET ASSETS

15,739,335

8,081,593

CAPITAL AND RESERVES

Called up and paid share capital

19

100

100

Revaluation reserve

20

8,703,512

2,252,282

Retained earnings

20

7,035,723

5,829,211

SHAREHOLDERS' FUNDS

15,739,335

8,081,593

The financial statements were approved by the director and authorised for issue on 15 September 2025 and were signed by:

J H Briggs - Director

Called up

and paid

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 31 March 2023

100

5,326,246

2,252,282

7,578,628

Changes in equity

Total comprehensive income

-

502,965

-

502,965

Balance at 31 March 2024

100

5,829,211

2,252,282

8,081,593

Changes in equity

Dividends

-

(10,000

)

-

(10,000

)

Total comprehensive income

-

7,667,742

-

7,667,742

Transfer

-

(6,451,230

)

6,451,230

-

Balance at 31 March 2025

100

7,035,723

8,703,512

15,739,335

1.	STATUTORY INFORMATION

Perton Estates 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 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Financial Reporting Standard 102 - reduced disclosure exemptions

FRS 102 allows a qualifying entity certain disclosure exemptions. The company has taken advantage of the following available exemptions:

1 - the requirement to prepare a statement of cash flows;

2 - financial instruments disclosures, including categories of financial instruments; and

3 - the disclosure of key management personnel remuneration in total.

Judgements

The preparation of financial statements in conformity with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed under "key sources of estimation uncertainty" below.

Key sources of estimation uncertainty

The company makes estimates and assumptions concerning the future. The director does not consider that any estimates or judgements have a material degree of judgement or uncertainty.

Revenue recognition

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, rebates and discounts and is recognised in the period to which the income relates. The company recognises revenue when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.

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

-

1% on cost

Improvements to property

-

10% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible assets are stated at cost, less any subsequent accumulated depreciation and impairment loss. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

The freehold property class of tangible assets are initially recorded at cost and subsequently at fair value, with revaluation gains/ losses recognised in other comprehensive income.

Stocks

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

Financial instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation

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

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 profit and loss 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.

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 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

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They 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 original terms of the receivables.

Creditors

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

All of the company's turnover is from continuing operations arising in the UK and relates to the provision of services.

4.	EMPLOYEES AND DIRECTORS

Period

31.3.23

Year Ended

to

31.3.25

31.3.24

£

£

Wages and salaries

4,707,772

4,337,179

Social security costs

410,167

333,548

Other pension costs

73,419

64,735

5,191,358

4,735,462

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

Period

31.3.23

Year Ended

to

31.3.25

31.3.24

Administration

4

4

Nursing

190

185

194

189

Period

31.3.23

Year Ended

to

31.3.25

31.3.24

£

£

Director's remuneration

39,800

34,869

5.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

Period

31.3.23

Year Ended

to

31.3.25

31.3.24

£

£

Other operating leases

88,748

78,392

Depreciation - owned assets

163,509

108,460

Profit on disposal of fixed assets

(678

)

-

Auditors' remuneration

10,434

9,600

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

31.3.23

Year Ended

to

31.3.25

31.3.24

£

£

Bank loan interest

129,075

797,635

Interest on overdue tax

4,927

20,749

PAYE interest

280

278

Bank loan redemption fees

210,543

-

Hire purchase

4,310

-

349,135

818,662

7.

TAXATION

Analysis of the tax charge

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

Period

31.3.23

Year Ended

to

31.3.25

31.3.24

£

£

Current tax:

UK corporation tax

339,036

173,284

Deferred tax

(16,527

)

12,630

Tax on profit

322,509

185,914

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

Period

31.3.23

Year Ended

to

31.3.25

31.3.24

£

£

Profit before tax

1,426,950

688,879

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

356,738

172,220

Effects of:

Expenses not deductible for tax purposes

1,123

1,278

Capital allowances in excess of depreciation

-

(137

)

Depreciation in excess of capital allowances

33,222

-

Deferred tax

(16,528

)

12,640

Group relief

(52,046

)

-

Marginal relief difference

-

(87

)

Total tax charge

322,509

185,914

Tax effects relating to effects of other comprehensive income

2025

Gross

Tax

Net

£

£

£

Property revaluation

8,622,817

-

8,622,817

Deferred tax on revaluation

(2,171,587

)

-

(2,171,587

)

Accumulated depreciation on revaluation

112,071

-

112,071

6,563,301

-

6,563,301

8.

DIVIDENDS

Period

31.3.23

Year Ended

to

31.3.25

31.3.24

£

£

Ordinary shares of £1 each

Final

10,000

-

9.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The pension scheme cost charge for the year represents contributions payable by the company to the scheme and amounted to £73,419 (2024 - £64,735).

Contributions totalling £13,250 (2024 - £21,594) were payable to the scheme at the end of the year and are included in creditors.

10.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST OR VALUATION

At 1 April 2024

5,000,000

63,532

155,827

Additions

-

4,632

308

Disposals

-

-

-

Revaluations

8,622,817

-

-

Reclassification/transfer

63,532

(63,532

)

-

At 31 March 2025

13,686,349

4,632

156,135

DEPRECIATION

At 1 April 2024

100,000

12,071

113,263

Charge for year

118,213

463

10,763

Eliminated on disposal

-

-

-

Revaluation adjustments

(112,071

)

-

-

Reclassification/transfer

12,071

(12,071

)

-

At 31 March 2025

118,213

463

124,026

NET BOOK VALUE

At 31 March 2025

13,568,136

4,169

32,109

At 31 March 2024

4,900,000

51,461

42,564