Company No: 08075820 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	G L Balmford (Resigned 28 March 2025)
	S E Batkin (Resigned 28 March 2025)
	K A Fox (Appointed 28 March 2025)
	J M Hyman (Appointed 16 June 2025)
	S L Katsouris (Resigned 28 March 2025)
	D S Kennedy (Appointed 28 March 2025)

Registered office	Unit 16a Oakham Enterprise Park
	Ashwell Road
	Oakham
	LE15 7TU
	United Kingdom

Company number

08075820 (England and Wales)

Accountant	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	West Sussex
	RH12 2RG

	Note	31.03.2025		31.05.2024
		£		£
Fixed assets
Intangible assets	3	349		2,000
Tangible assets	4	3,496		2,615
		3,845		4,615
Current assets
Debtors	5	267,721		139,774
Cash at bank and in hand	6	119,814		189,368
		387,535		329,142
Creditors: amounts falling due within one year	7	( 210,924)		( 187,925)
Net current assets		176,611		141,217
Total assets less current liabilities		180,456		145,832
Provision for liabilities	8	( 874)		0
Net assets		179,582		145,832
Capital and reserves
Called-up share capital		3		3
Profit and loss account		179,579		145,829
Total shareholder's funds		179,582		145,832

For the financial period ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Home Straight Partnership Limited (registered number: 08075820) were approved and authorised for issue by the Board of Directors on 12 December 2025. They were signed on its behalf by:

J M Hyman Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Home Straight Partnership Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The company registered number is 08075820. The address of the Company's registered office is Unit 16a Oakham Enterprise Park, Ashwell Road, Oakham, LE15 7TU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The accounting period was shortened to 10 months ending 31 March 2025 as decided by the group.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	Period from 01.06.2024 to 31.03.2025		Year ended 31.05.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	32		32

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 June 2024	10,000		10,000
At 31 March 2025	10,000		10,000
Accumulated amortisation
At 01 June 2024	8,000		8,000
Charge for the financial period	1,651		1,651
At 31 March 2025	9,651		9,651
Net book value
At 31 March 2025	349		349
At 31 May 2024	2,000		2,000

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 June 2024	17,848		17,848
Additions	2,314		2,314
At 31 March 2025	20,162		20,162
Accumulated depreciation
At 01 June 2024	15,233		15,233
Charge for the financial period	1,433		1,433
At 31 March 2025	16,666		16,666
Net book value
At 31 March 2025	3,496		3,496
At 31 May 2024	2,615		2,615

5. Debtors

	31.03.2025		31.05.2024
	£		£
Trade debtors	128,960		129,432
Amounts owed by Group undertakings	130,667		0
Other debtors	8,094		10,342
	267,721		139,774

6. Cash and cash equivalents

	31.03.2025		31.05.2024
	£		£
Cash at bank and in hand	119,814		189,368

7. Creditors: amounts falling due within one year

	31.03.2025		31.05.2024
	£		£
Trade creditors	6,293		14,141
Taxation and social security	49,580		44,311
Other creditors	155,051		129,473
	210,924		187,925

8. Deferred tax

	31.03.2025		31.05.2024
	£		£
At the beginning of financial period/year	0		0
Charged to the Statement of Income and Retained Earnings	( 874)		0
At the end of financial period/year	( 874)		0

The deferred taxation balance is made up as follows:

	31.03.2025		31.05.2024
	£		£
Accelerated capital allowances	( 874)		0

9. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

The pension cost charge represents contributions payable by the company to the fund and amounted to £48,600 (2024 - £86,477). Contributions totalling £3,216 (2024 - £3,752) were payable to the fund at the balance sheet date and is included in other creditors.

10. Related party transactions

During the year, the company gave an interest free loan to the parent company, Senior Home Care Group Limited. The amount outstanding at the period end owed by Senior Home Care Group Limited is £130,667 (2024 - £Nil).

11. Ultimate controlling party

Parent Company:

Senior Home Care Group Limited

21 Upper Brook Street London W1K 7PY

There has been a change of ownership in the year. Senior Home Care Group Limited acquired 100% control of the company on the 28th March 2025.