REGISTERED NUMBER: 05872949 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

CONNISTON CARE LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Consolidated Income Statement

8

Consolidated Other Comprehensive Income

9

Consolidated Balance Sheet

10

Company Balance Sheet

11

Consolidated Statement of Changes in Equity

12

Company Statement of Changes in Equity

13

Consolidated Cash Flow Statement

14

Notes to the Consolidated Cash Flow Statement

15

Notes to the Consolidated Financial Statements

16

DIRECTORS:

P J Milner

A J Milner

O Milner

S C Wells

SECRETARY:

A J Milner

REGISTERED OFFICE:

The Dairy Criftin Enterprise Centre

Oxton Road

Epperstone

Nottinghamshire

NG14 6AT

REGISTERED NUMBER:

05872949 (England and Wales)

AUDITORS:

Beeley Hawley & Co. Ltd

Chartered Accountants

Statutory Auditors

42-44 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BL

The directors present their strategic report of the company and the group for the year ended 31 March 2025.

REVIEW OF BUSINESS

Conniston Care Ltd and its subsidiaries own and operate five care homes providing residential and nursing care. All our care homes are currently rated Good by CQC. Our strategy is to continue to work towards ensuring we are the first-choice provider in our local market and to continue to expand the services we offer to support older people requiring residential care.

We also provide ten independent living bungalows on the Woodlands Care Home site. The concept of care bungalows enables older people to rent a bungalow and have access to a care and support package to tailored to suit their individual needs. The bungalows offer spacious accommodation designed to support mobility with support close at hand.

During the year we undertook a full refurbishment of a number of bedrooms and added two new care suites at Woodlands Care Home and continued the refurbishment through a number of other communal areas. An ongoing programme of refurbishment is also progressing at the La Cura home in Berwick upon Tweed We will continue to make further improvements in our care homes.

The group has enjoyed growth in turnover of 12% from £11.4m to £12.7m through internal growth. Profit after tax has grown by 32% to £1.25m (2024 : £0.94m).

At the year end the company has a strong cash position at £1.5m (2024 £1.3m) helped by the improvements made over recent years. Our group reserves at £5.2m (2024 £4.2m) will be used to ensure our homes remain viable in a competitive market for residential care.

In terms of our KPIs, we have retained an excellent occupancy across our care homes with an average 92% over the year (2024 90%).

PRINCIPAL RISKS AND UNCERTAINTIES

The increase in the minimum wage and the impact of inflation on other cost increases continues to impact the business. We have had to increase our fees to recover this cost and as mentioned above investment has helped maintain our occupancy levels.

ON BEHALF OF THE BOARD:

P J Milner - Director

16 December 2025

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

DIVIDENDS

Dividends of £194,695 were issued during the year ended 31 March 2025.

FUTURE DEVELOPMENTS

Conniston Care Ltd will continue to progress a number of refurbishments planned to enhance our support for resident care and the accommodation we provide.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

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

P J Milner

A J Milner

O Milner

S C Wells

FINANCIAL INSTRUMENTS

The group has a normal level of exposure to price, credit, liquidity and cash flow risks arising from trading activities which are only conducted in sterling. The group does not enter into any hedging transactions.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

AUDITORS

The auditors, Beeley Hawley & Co. Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

P J Milner - Director

16 December 2025

Opinion

We have audited the financial statements of Conniston Care Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 group's and of the parent company affairs as at 31 March 2025 and of the group's 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 group 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 group's and the parent 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 Group 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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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 group's and the parent 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 group or the parent 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:

Based on our understanding of the company and industry, we identify the key laws and regulations affecting the company, we identified the principal risk of fraud or non-compliance with laws and regulations related to:-

- management bias in respect of accounting estimates and judgements made;

- management override of control;

- posting of unusual journals or transactions

We focused on those areas that could give rise to a material misstatement in the company financial statements. Our procedures included, but were not limited to:

- Enquiry of management and those charged with governance around actual and potential litigation and claims, including non-compliance with laws and regulations and fraud;

- Reviewing minutes of meetings of those charged with governance where available;

- Reviewing legal expenditure in the year to identify instances of non-compliance with laws and regulations and fraud;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Performing audit work over the risk of management override of controls, including where appropriate testing of journal entries, reviewing individual account balances over the year and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

It is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulations. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we are less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

Mr Graham Beeley (Senior Statutory Auditor)

for and on behalf of Beeley Hawley & Co. Ltd

Chartered Accountants

Statutory Auditors

42-44 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BL

16 December 2025

TURNOVER

3

12,750,114

11,401,968

Cost of sales

636,976

571,771

GROSS PROFIT

12,113,138

10,830,197

Administrative expenses

10,347,546

9,449,832

1,765,592

1,380,365

Other operating income

175,560

152,786

OPERATING PROFIT

5

1,941,152

1,533,151

Income from interest in associated undertakings

63,218

(9,091

)

Interest receivable and similar income

2,845

520

66,063

(8,571

)

2,007,215

1,524,580

Amounts written off investments

6

184,279

-

1,822,936

1,524,580

Interest payable and similar expenses

7

427,470

399,322

PROFIT BEFORE TAXATION

1,395,466

1,125,258

Tax on profit

8

147,283

182,359

PROFIT FOR THE FINANCIAL YEAR

1,248,183

942,899

Profit attributable to:

Owners of the parent

1,248,183

942,899

PROFIT FOR THE YEAR

1,248,183

942,899

OTHER COMPREHENSIVE INCOME

Fair value adjustment on lease - note 21

24,091

(91,406

)

Income tax relating to other comprehensive income

(6,023

)

23,182

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

18,068

(68,224

)

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,266,251

Prior year adjustment

(13,266

)

TOTAL COMPREHENSIVE INCOME SINCE LAST ANNUAL REPORT

861,409

Total comprehensive income attributable to:

Owners of the parent

1,266,251

861,409

FIXED ASSETS

Intangible assets

11

445,623

435,935

Tangible assets

12

11,856,025

11,393,603

Investments

13

Interest in associate

1,557,675

438,458

13,859,323

12,267,996

CURRENT ASSETS

Stocks

14

1,824

1,824

Debtors: amounts falling due within one year

15

2,425,907

832,715

Cash at bank and in hand

1,497,339

1,303,190

3,925,070

2,137,729

CREDITORS

Amounts falling due within one year

16

3,337,427

2,812,320

NET CURRENT ASSETS/(LIABILITIES)

587,643

(674,591

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,446,966

11,593,405

CREDITORS

Amounts falling due after more than one year

17

(7,724,437

)

(5,893,700

)

PROVISIONS FOR LIABILITIES

20

(380,601

)

(429,333

)

NET ASSETS

6,341,928

5,270,372

CAPITAL AND RESERVES

Called up share capital

21

3,050

3,050

Other reserves

22

1,100,000

1,100,000

Retained earnings

22

5,238,878

4,167,322

SHAREHOLDERS' FUNDS

6,341,928

5,270,372

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

P J Milner - Director

FIXED ASSETS

Intangible assets

11

3,897

4,959

Tangible assets

12

2,028,068

1,742,782

Investments

13

6,193,664

5,137,664

8,225,629

6,885,405

CURRENT ASSETS

Stocks

14

1,824

1,824

Debtors: amounts falling due within one year

15

681,443

893,938

Debtors: amounts falling due after more than one year

15

965,437

600,000

Cash at bank and in hand

73,406

448,044

1,722,110

1,943,806

CREDITORS

Amounts falling due within one year

16

2,017,035

2,003,291

NET CURRENT LIABILITIES

(294,925

)

(59,485

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,930,704

6,825,920

CREDITORS

Amounts falling due after more than one year

17

(3,379,051

)

(2,611,680

)

PROVISIONS FOR LIABILITIES

20

(93,224

)

(92,714

)

NET ASSETS

4,458,429

4,121,526

CAPITAL AND RESERVES

Called up share capital

21

3,050

3,050

Other reserves

1,100,000

1,100,000

Retained earnings

3,355,379

3,018,476

SHAREHOLDERS' FUNDS

4,458,429

4,121,526

Company's profit for the financial year

531,598

509,584

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

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

P J Milner - Director

Called up

share

Retained

Other

Total

capital

earnings

reserves

equity

£

£

£

£

Balance at 1 April 2023

2,500

3,415,633

-

3,418,133

Prior year adjustment

-

(13,266

)

-

(13,266

)

As restated

2,500

3,402,367

-

3,404,867

Changes in equity

Issue of share capital

550

-

-

550

Dividends

-

(109,720

)

-

(109,720

)

Total comprehensive income

-

874,675

1,100,000

1,974,675

Balance at 31 March 2024

3,050

4,167,322

1,100,000

5,270,372

Changes in equity

Dividends

-

(194,695

)

-

(194,695

)

Total comprehensive income

-

1,266,251

-

1,266,251

Balance at 31 March 2025

3,050

5,238,878

1,100,000

6,341,928

Called up

share

Retained

Other

Total

capital

earnings

reserves

equity

£

£

£

£

Balance at 1 April 2023

2,500

2,618,612

-

2,621,112

Changes in equity

Issue of share capital

550

-

-

550

Dividends

-

(109,720

)

-

(109,720

)

Total comprehensive income

-

509,584

1,100,000

1,609,584

Balance at 31 March 2024

3,050

3,018,476

1,100,000

4,121,526

Changes in equity

Dividends

-

(194,695

)

-

(194,695

)

Total comprehensive income

-

531,598

-

531,598

Balance at 31 March 2025

3,050

3,355,379

1,100,000

4,458,429

Cash flows from operating activities

Cash generated from operations

1

2,536,003

1,838,429

Interest paid

(427,470

)

(399,322

)

Tax paid

(151,682

)

(127,041

)

Net cash from operating activities

1,956,851

1,312,066

Cash flows from investing activities

Purchase of tangible fixed assets

(826,621

)

(384,546

)

Purchase of fixed asset investments

(1,056,000

)

-

Sale of tangible fixed assets

5,000

3,960

Business cash introduced on acquisition

-

98,393

Debt acquired on acquisition

-

(441,163

)

Interest received

2,845

520

Net cash from investing activities

(1,874,776

)

(722,836

)

Cash flows from financing activities

New loans in year

1,250,000

400,000

Loan repayments in year

(346,030

)

(337,672

)

Loans acquired on subsidiary acquisition

-

441,163

Movement on loans to connected companies

(1,474,032

)

(27,353

)

Amount introduced by directors

876,831

550

Amount withdrawn by directors

-

(252,527

)

Equity dividends paid

(194,695

)

(109,720

)

Net cash from financing activities

112,074

114,441

Increase in cash and cash equivalents

194,149

703,671

Cash and cash equivalents at beginning of year

2

1,303,190

599,519

Cash and cash equivalents at end of year

2

1,497,339

1,303,190

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

1,395,466

1,125,258

Depreciation charges

340,505

355,295

(Profit)/loss on disposal of fixed assets

(1,440

)

4,351

Loan impairments

184,279

-

Finance costs

427,470

399,322

Finance income

(66,063

)

8,571

2,280,217

1,892,797

Increase in stocks

-

(1,824

)

(Increase)/decrease in trade and other debtors

(341,691

)

103,903

Increase/(decrease) in trade and other creditors

597,477

(156,447

)

Cash generated from operations

2,536,003

1,838,429

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

1,497,339

1,303,190

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

1,303,190

599,519

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank and in hand

1,303,190

194,149

1,497,339

1,303,190

194,149

1,497,339

Debt

Debts falling due within 1 year

(1,333,619

)

936,767

(396,852

)

Debts falling due after 1 year

(5,883,700

)

(1,840,737

)

(7,724,437

)

(7,217,319

)

(903,970

)

(8,121,289

)

Total

(5,914,129

)

(709,821

)

(6,623,950

)