Harbour Healthcare Stockport Ltd - Limited company accounts 25.1

REGISTERED NUMBER: 12162422 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HARBOUR HEALTHCARE STOCKPORT LTD

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Income Statement

7

Other Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

DIRECTORS:

A F Worsley

S A Worsley

A L Worsley

REGISTERED OFFICE:

The Lodge House

Dodge Hill

Stockport

Cheshire

SK4 1RD

REGISTERED NUMBER:

12162422 (England and Wales)

AUDITORS:

Walker Begley UK Limited

207 Knutsford Road

Grappenhall

Warrington

Cheshire

WA4 2QL

The directors present their strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS

During the year, the company experienced a slight reduction in turnover; however, profitability improved, reflecting effective cost management and operational efficiency.

The directors continue to focus on maintaining high standards of care and service quality, recognising that the well being and safety of residents remain the highest priority. Despite the challenging environment, the home is well positioned to sustain operational performance and contribute positively to the overall success of the group.

PRINCIPAL RISKS AND UNCERTAINTIES

The nursing home industry, while continuing to grow, remains financially challenging. Local Authorities are experiencing increasing pressure on their resources, resulting in a greater proportion of funding being met by private fee payers. The directors closely monitor the availability and allocation of resources to ensure the continued financial stability of the business.

Compliance continues to be a key focus for the company. The Care Quality Commission sets the regulatory standards applicable to all operators, and the company is committed to maintaining full compliance with these requirements.

The company utilises conventional forms of working capital to support its day-to-day operations. The figures presented in the financial statements reflect the actual amounts recoverable and payable at the year end. The directors receive monthly financial reports, enabling them to effectively manage the company’s working capital requirements.

Given the simplicity of the business, the company's directors are of the opinion that the inclusion of the analysis of key performance indicators is not necessary for an understanding of the development, performance or position of the company.

FUTURE DEVELOPMENTS

The directors continue to explore opportunities to strengthen and grow the business while maintaining the highest standards of care. Focus areas include improving operational efficiency, investing in staff development, and enhancing the quality of services provided to residents. The company will also remain alert to emerging trends and regulatory changes in the sector, ensuring it can adapt effectively and continue to deliver sustainable long-term growth.

ON BEHALF OF THE BOARD:

S A Worsley - Director

15 December 2025

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

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2025.

DIRECTORS

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

A F Worsley

S A Worsley

A L Worsley

DONATIONS

During the year donations of £3,782 were made for general charitable purposes.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the 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 of the profit or loss of the company 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 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 company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Walker Begley UK Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

S A Worsley - Director

15 December 2025

Opinion

We have audited the financial statements of Harbour Healthcare Stockport Ltd (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other 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 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 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 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 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 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 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 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, 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 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 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 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:

In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance;

- the results of our enquiries of management, covering their identification and assessment of the risk of irregularities;

- any matters we identified, having reviewed documentation available;

- relevant laws and regulations, including enquiring of any non-compliance or matters alerting us to non-compliance;

- matters discussed among the audit team regarding how and where fraud might occur in the financial statements and any indicators of fraud.

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.

Kevin Walker (Senior Statutory Auditor)

for and on behalf of Walker Begley UK Limited

207 Knutsford Road

Grappenhall

Warrington

Cheshire

WA4 2QL

15 December 2025

TURNOVER

6,403,485

6,874,635

Cost of sales

8,095,767

7,559,824

GROSS LOSS

(1,692,282

)

(685,189

)

Administrative expenses

2,937,899

3,160,127

(4,630,181

)

(3,845,316

)

Other operating income

4,652,083

3,596,119

OPERATING PROFIT/(LOSS)

4

21,902

(249,197

)

Interest receivable and similar income

-

8,967

21,902

(240,230

)

Interest payable and similar expenses

5

1,970

51,780

PROFIT/(LOSS) BEFORE TAXATION

19,932

(292,010

)

Tax on profit/(loss)

6

12,164

10,123

PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

7,768

(302,133

)

PROFIT/(LOSS) FOR THE YEAR

7,768

(302,133

)

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

7,768

(302,133

)

Note

Prior year adjustment

7

644,400

TOTAL COMPREHENSIVE INCOME
SINCE LAST ANNUAL REPORT

652,168

FIXED ASSETS

Tangible assets

8

98,598

81,234

CURRENT ASSETS

Debtors

9

6,339,278

5,954,176

Cash at bank and in hand

57,297

42,373

6,396,575

5,996,549

CREDITORS

Amounts falling due within one year

10

6,799,785

6,395,976

NET CURRENT LIABILITIES

(403,210

)

(399,427

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(304,612

)

(318,193

)

PROVISIONS FOR LIABILITIES

12

15,936

10,123

NET LIABILITIES

(320,548

)

(328,316

)

CAPITAL AND RESERVES

Called up share capital

13

100

Retained earnings

14

(320,648

)

(328,416

)

SHAREHOLDERS' FUNDS

(320,548

)

(328,316

)

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

S A Worsley - Director

Called up

share

Retained

Total

capital

earnings

equity

£

Balance at 1 April 2023

100

(26,283

)

(26,183

)

Changes in equity

Total comprehensive income

-

(946,533

)

(946,533

)

Balance at 31 March 2024

100

(972,816

)

(972,716

)

Prior year adjustment

-

644,400

As restated

100

(328,416

)

(328,316

)

Changes in equity

Total comprehensive income

-

7,768

Balance at 31 March 2025

100

(320,648

)

(320,548

)

1.	STATUTORY INFORMATION

Harbour Healthcare Stockport 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.

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.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirement of paragraph 33.7.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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

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.

Going concern

The accounts are prepared on a going concern basis as the company is supported by other members of the group.

3.	EMPLOYEES AND DIRECTORS

31/3/25

31/3/24

as restated

£

Wages and salaries

6,824,135

6,381,441

Social security costs

590,863

520,632

Other pension costs

195,177

191,324

7,610,175

7,093,397

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

31/3/25

31/3/24

as restated

Nursing & support

199

200

31/3/25

31/3/24

as restated

£

Directors' remuneration

37,500

4.	OPERATING PROFIT/(LOSS)

The operating profit (2024 - operating loss) is stated after charging:

31/3/25

31/3/24

as restated

£

Hire of plant and machinery

76,787

68,462

Depreciation - owned assets

26,643

19,638

Loss on disposal of fixed assets

8,579

-

Auditors' remuneration

7,620

8,400

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

31/3/25

31/3/24

as restated

£

Bank interest

15

57

Other interest

1,955

51,723

1,970

51,780

6.

TAXATION

Analysis of the tax charge

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

31/3/25

31/3/24

as restated

£

Current tax:

UK corporation tax

4,145

-

Adjustment re prior period

2,206

-

Total current tax

6,351

-

Deferred tax

5,813

10,123

Tax on profit/(loss)

12,164

10,123

Reconciliation of total tax charge included in profit and loss

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

31/3/25

31/3/24

as restated

£

Profit/(loss) before tax

19,932

(292,010

)

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

4,983

(73,003

)

Effects of:

Expenses not deductible for tax purposes

4,975

8,429

Capital allowances in excess of depreciation

(7,958

)

(6,185

)

Profit on disposal

2,145

-

Deferred tax movement

5,813

10,123

Adjustment re prior period

2,206

-

Surrendered to group

-

70,759

Total tax charge

12,164

10,123

7.	PRIOR YEAR ADJUSTMENT

An adjustment has been made to correctly allocate dividends paid by the company on behalf of another subsidiary.

8.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

38,857

201,900

74,444

2,238

317,439

Additions

39,260

3,924

-

9,402

52,586

Disposals

(12,882

)

(6,946

)

-

(19,828

)

At 31 March 2025

65,235

198,878

74,444

11,640

350,197

DEPRECIATION

At 1 April 2024

14,684

181,590

38,480

1,451

236,205

Charge for year

11,858

5,160

8,991

634

26,643

Eliminated on disposal

(5,418

)

(5,831

)

-

(11,249

)

At 31 March 2025

21,124

180,919

47,471

2,085

251,599

NET BOOK VALUE

At 31 March 2025

44,111

17,959

26,973

9,555

98,598

At 31 March 2024

24,173

20,310

35,964

787

81,234

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

as restated

£

Trade debtors

201,469

488,217

Amounts owed by group undertakings

5,384,870

4,837,491

Amounts owed by participating interests

476,842

456,911

Other debtors

33,098

52,020

Directors' current accounts

133,791

49,899

Prepayments

109,208

69,638

6,339,278

5,954,176

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

as restated

£

Trade creditors

307,142

488,200

Amounts owed to group undertakings

5,909,634

5,075,183

Amounts owed to participating interests

50,385

-

Tax

6,438

233,259

Social security and other taxes

140,390

405,258

Net wages

(1,391

)

-

Pensions creditor

21,327

23,383

Accrued expenses

365,860

170,693

6,799,785

6,395,976

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/3/25

31/3/24

as restated

£

Within one year

55,760

Between one and five years

65,053

120,813

176,573

12.	PROVISIONS FOR LIABILITIES

31/3/25

31/3/24

as restated

£

Deferred tax

15,936

10,123

Deferred

tax

£

Balance at 1 April 2024

10,123

Provided during year

5,813

Balance at 31 March 2025

15,936

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

as restated

£

100

Ordinary

1

100

14.

RESERVES

Retained

earnings

£

At 1 April 2024

(972,816

)

Prior year adjustment

644,400

(328,416

)

Profit for the year

7,768

At 31 March 2025

(320,648

)

15.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within debtors are directors' loan account balances as follows:

Andrew Worsley - £74,481 (2024 - £7,655 credit)

Ashley Worsley - £3,244 (2024 - £19,670)

Simon Worsley - £56,066 credit (2024 - £37,885)

Interest is charged at 2.25% and there are no set repayment terms.

16.	RELATED PARTY DISCLOSURES

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.

17.	ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Harbour Healthcare Limited. The ultimate parent undertaking is Harbour Healthcare Group Limited. The ultimate controlling party is Andrew Worsley. Copies of the consolidated financial statements of Harbour Healthcare Group Limited are available from its registered office at the following address:

Lodge House

Dodge Hill

Stockport

Cheshire

SK4 1RD