ACCOUNTS - Final Accounts preparation

Operating profit

The operating profit is stated after charging:

Registered number: 02210916

BRADWELL HALL NURSING HOME LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

BRADWELL HALL NURSING HOME LIMITED

CONTENTS

	Page
Strategic report	1
Directors' report	2 - 3
Independent auditor's report	4 - 6
Statement of comprehensive income	7
Balance sheet	8
Statement of changes in equity	9
Notes to the financial statements	10 - 22

BRADWELL HALL NURSING HOME LIMITED

STRATEGIC REPORT

FOR THE YEAR ENDED 31 MARCH 2025

Background

The company is a wholly owned subsidiary of Huggies Day Nursery Limited.

The company continues to operate as a care home from sites based in Newcastle, Staffordshire and Trentham.

Review of the business and future outlook

During the year the company saw an increase in turnover of £1.18m. The increase in turnover can be attributed to the increase in occupancy at the Newcastle site, with the Trentham site operating at similar levels to last year. All three of the company’s care homes continue to operate with healthy occupancy levels and income has now recovered fully following the pandemic. Partly due to the inflationary pressure in the UK, cost of sales increased by £1.26m and administrative costs by £77k. Cost of sales also increased as the company was able to employ more staff and reduce its reliance on agency staff, also see principal risks below. With an increase in grants received of £32k, the profit before tax for the year was down by £77k and EBITDA decreased from £2,095k to £1,917k, (EBITDA consists of profit before interest, taxation, depreciation and income/write offs relating to investments). Given the inflationary pressure referred to above and employing more staff, the directors are satisfied with the performance of the company in 2025.

During the year the directors took the decision to use excess funds in the company to repay bank borrowings in full. The company therefore had no bank debt at the year end, although it has provided a cross guarantee for the bank borrowings of its parent company. Even after making these repayments, the company has strong net and current assets and cash reserves sufficient to continue to fund activities going forward.

Principal risks and uncertainties

The main risks to the business is the availability of good quality staff and maintaining its right to operate as a care home. The majority of the increase in cost of sales is due to increases in staffing costs. The company continues to develop existing staff members as well as offering new full and part time staff full training and a generous new starter incentive. The Company's most recent Care Quality Commission report rated the care provided by the Company as good.

Key performance indicators

The Company measures its performance by monitoring margins achieved against expectations. These are:

Turnover: £21,577,342 (2024: £20,401,119)
Operating profit: £1,795,663 (2024: £1,938,793)
Operating profit as a percentage of sales: 8.3% (2024: 9.5%)
EBITDA: £1,917,905 (2024: £2,095,332)

The directors review the financial information monthly and also send quarterly reports to the Company's bankers and take corrective action to any areas considered to not be performing to the expected standards.

This report was approved by the board on 19 December 2025 and signed on its behalf.

Mrs J V Carson

Director

Page 1

BRADWELL HALL NURSING HOME LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 MARCH 2025

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

Directors

The directors who served during the year were:

Mr E Twigge

Mr M D Twigge

Mr J Twigge

Mrs J V Carson

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

∙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 to 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.

Principal activity

The principal activity of the company continued to be that of a nursing home.

Results and dividends

The profit for the year, after taxation, amounted to £1,277,274 (2024 - £1,356,234).

Dividends of £160,000 were paid during the year (2024: £160,000).

Page 2

BRADWELL HALL NURSING HOME LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Future developments

The directors have plans to renovate the property that is currently leased from its parent company within the next few years, but this is subject to planning approval.

Disclosure of information to auditor

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the company's auditor is unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditor is aware of that information.

Post balance sheet events

There have been no significant post balance sheet events impacting the company.

Auditor

The auditor, MHA, previously traded through the legal entity MacIntyre Hudson LLP. In response to regulatory changes, MacIntyre Hudson LLP ceased to hold an audit registration with the engagement transitioning to MHA Audit Services LLP.

MHA will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 19 December 2025 and signed on its behalf.

Mrs J V Carson

Director

Page 3

BRADWELL HALL NURSING HOME LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRADWELL HALL NURSING HOME LIMITED

Opinion

We have audited the financial statements of Bradwell Hall Nursing Home Limited (the 'company') for the year ended 31 March 2025, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including 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 Auditor's 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 United Kingdom, including the Financial Reporting Council'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.

Page 4

BRADWELL HALL NURSING HOME LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRADWELL HALL NURSING HOME LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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.

Opinion 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 Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Strategic report and the Directors' report 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 Directors' report.

We have nothing to report in respect of the following matters in relation to which 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 Directors' responsibilities statement set out on page 2, 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 is 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.

Page 5

BRADWELL HALL NURSING HOME LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRADWELL HALL NURSING HOME LIMITED (CONTINUED)

Auditor's 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 an Auditor's report 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

∙Enquiry of management around actual and potential litigation and claims;

∙Enquiry of management to identify any instances of non-compliance with laws and regulations.

∙Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness:

∙Reviewing accounting estimates for evidence of management bias; and

∙Reviewing financial statements disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

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 regulation. 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 will be 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 Auditor's report.

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 an Auditor's report 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.

Christopher Barlow BFP FCA FCCA (Senior statutory auditor)

for and on behalf of

MHA, Statutory Auditor

Birmingham, United Kingdom

22 December 2025

MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542).

Page 6

BRADWELL HALL NURSING HOME LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 MARCH 2025

	2025	2024
Note	£	£


Turnover	4	21,577,342	20,401,119
Cost of sales		(16,068,737)	(14,807,318)
Gross profit		5,508,605	5,593,801
Distribution costs		(100,261)	(87,649)
Administrative expenses		(3,686,500)	(3,609,526)
Other operating income	5	73,819	42,167
Operating profit	6	1,795,663	1,938,793
Income from fixed assets investments		713	-
Amounts written off investments		25,201	38,448
Profit on disposal of investments		2,071	-
Interest receivable and similar income	11	134,862	76,269
Interest payable and similar expenses	12	(231,663)	(249,214)
Profit before tax		1,726,847	1,804,296
Tax on profit	13	(449,573)	(448,062)
Profit for the financial year		1,277,274	1,356,234

There was no other comprehensive income for 2025 (2024: £NIL).

The notes on pages 10 to 22 form part of these financial statements.

Page 7

BRADWELL HALL NURSING HOME LIMITED

REGISTERED NUMBER: 02210916

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	15		4,344,515		4,391,879
Investments	16		575,629		551,881
			4,920,144		4,943,760
Current assets
Stocks		2,000		2,000
Debtors	17	5,044,387		5,500,365
Cash at bank and in hand	18	2,093,039		5,077,007
		7,139,426		10,579,372
Creditors: amounts falling due within one year	19	(4,558,495)		(5,913,084)
Net current assets			2,580,931		4,666,288
Total assets less current liabilities			7,501,075		9,610,048
Creditors: amounts falling due after more than one year	20		-		(3,261,684)
Provisions for liabilities
Deferred tax	22		(142,947)		(107,510)
Net assets			7,358,128		6,240,854

Capital and reserves
Called up share capital	23	100	100
Share premium account	24	33	33
Profit and loss account	24	7,357,995	6,240,721
		7,358,128	6,240,854

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 December 2025.

Mrs J V Carson

Director

The notes on pages 10 to 22 form part of these financial statements.

Page 8

BRADWELL HALL NURSING HOME LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2025

	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
At 1 April 2023	100	33	5,044,487	5,044,620

Profit for the year	-	-	1,356,234	1,356,234
Dividends	-	-	(160,000)	(160,000)

At 1 April 2024	100	33	6,240,721	6,240,854

Profit for the year	-	-	1,277,274	1,277,274
Dividends	-	-	(160,000)	(160,000)
At 31 March 2025	100	33	7,357,995	7,358,128

The notes on pages 10 to 22 form part of these financial statements.

Page 9

BRADWELL HALL NURSING HOME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Bradwell Hall Nursing Home Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bradwell Hall, Old Hall Drive, Bradwell, Newcastle under Lyme, Staffordshire, ST5 8RQ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

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 the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Huggies Day Nursery Limited as at 31 March 2025 and these financial statements may be obtained from Bradwell Hall, Old Hall Drive, Bradwell, Newcastle under Lyme, Staffordshire, ST5 8RQ.

2.3

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the relevant information, including the annual budget, forecast future cash flows and the impact of prevailing events in making their assessment having adjusted forecasts to take account of the perceived effects on trading. The Company has a strong net assets including strong cash reserves sufficient to continue to fund activities going forward.

Based on these assessments the directors have concluded that there is no material uncertainty and that they can continue to trade and adopt the going concern basis in preparing the financial statements.

Page 10

BRADWELL HALL NURSING HOME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.6

Government grants

Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.8

Pensions

The company operates a defined contribution plan for its employees. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 11

BRADWELL HALL NURSING HOME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the methods below.

Depreciation is provided on the following basis:

Freehold property	-	2% straight line with land excluded
Plant and machinery	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Fixtures and fittings	-	15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired the loss is recognised immediately in profit or loss.

2.13

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 at amortised cost using the effective interest method, less any impairment.

2.14

Creditors

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

Page 12

BRADWELL HALL NURSING HOME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.16

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

2.17

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.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. In this respect the directors believe that the critical accounting policy where judgements or estimates are necessary is the provision for doubtful debts, this by its nature requires judgement. The directors make provision based upon the circumstances of the debt using their experience in the business. In addition to this the directors consider depreciation to be a critical accounting policy for both current and future periods.

Page 13

BRADWELL HALL NURSING HOME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Turnover

The whole of the turnover is attributable to the principal activity and arose wholly within the United Kingdom.

5.	Other operating income
		2025	2024
		£	£

	Government grants receivable	73,819	42,167

Other operating lease rentals

800,000

7.	Auditor's remuneration

Fees payable to the company's auditor for the audit of financial statements were £45,102 (2024: £44,950).

The company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent company.

Page 14

BRADWELL HALL NURSING HOME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Wages and salaries	12,263,395	9,718,159
Social security costs	1,126,849	789,454
Cost of defined contribution scheme	283,984	241,311
	13,674,228	10,748,924

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Care Staff	505	473
Directors	4	4

	509	477

9.	Directors' remuneration
		2025	2024
		£	£

Directors' emoluments	500,658	327,422
Company contributions to defined contribution pension schemes	64,156	66,029
	564,814	393,451

Further details of directors' remuneration can be found in the consolidated accounts of the parent company.

10.	Income from investments
		2025	2024
		£	£

	Income from fixed asset investments	713	-

Page 15

BRADWELL HALL NURSING HOME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

11.	Interest receivable
		2025	2024
		£	£

Other interest receivable	8,605	6,242
Bank interest receivable	126,257	70,027
	134,862	76,269

12.	Interest payable and similar expenses
		2025	2024
		£	£

Bank interest payable

231,663

249,214

Corporation tax
Current tax on profits for the year	424,606	456,177
Adjustments in respect of previous periods	(10,470)	(21,680)
Total current tax	414,136	434,497

Deferred tax
Origination and reversal of timing differences	18,129	13,565
Adjustment in respect of prior periods	17,308	-
Total deferred tax	35,437	13,565


		449,573	448,062

Page 16

BRADWELL HALL NURSING HOME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

13.Taxation (continued)

Profit on ordinary activities before tax

1,726,847

1,804,296

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	431,712	451,074
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	2,068	1,542
Income not taxable for tax purposes	(6,818)	-
Fixed asset timing differences	13,494	-
Adjustments to tax charge in respect of previous period	6,838	(21,680)
Other timing differences leading to an increase in taxation	2,279	17,126
Total tax charge for the year	449,573	448,062

14.	Dividends
		2025	2024
		£	£

Dividends

160,000

Page 17

BRADWELL HALL NURSING HOME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

15.	Tangible fixed assets

	Freehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£	£
Cost
At 1 April 2024	4,439,969	892,090	54,628	448,352	5,835,039
Additions	11,928	-	62,950	-	74,878
At 31 March 2025	4,451,897	892,090	117,578	448,352	5,909,917
Depreciation
At 1 April 2024	478,122	603,499	40,572	320,967	1,443,160
Charge for the year	53,699	43,289	6,146	19,108	122,242
At 31 March 2025	531,821	646,788	46,718	340,075	1,565,402
Net book value
At 31 March 2025	3,920,076	245,302	70,860	108,277	4,344,515
At 31 March 2024	3,961,847	288,591	14,056	127,385	4,391,879

Page 18

BRADWELL HALL NURSING HOME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

16.	Fixed asset investments

	Investments in subsidiary company	Corporate bond	Total
	£	£	£
Cost/valuation
At 1 April 2024	100	551,781	551,881
Additions	-	713	713
Disposals	-	(2,166)	(2,166)
Revaluations	-	25,201	25,201
At 31 March 2025	100	575,529	575,629

Subsidiary undertaking
The following was a subsidiary undertaking of the company:
Name	Registered office	Class of shares	Holding

Bradwell Service Group Ltd

Old Hall Drive, Bradwell, Newcastle, United Kingdom, ST5 8RQ

Ordinary

100%

17.

Debtors

					2025	2024
					£	£


Trade debtors	1,432,081	1,467,046
Amounts owed by group undertakings	2,595,924	3,018,465
Other debtors	754,484	754,944
Prepayments and accrued income	261,898	259,910
	5,044,387	5,500,365

Amounts owed by group undertakings are unsecured, interest free and there is no fixed repayment date.

Page 19

BRADWELL HALL NURSING HOME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

18.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	2,093,039	5,077,007

19.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans (note 21)	-	129,438
Trade creditors	267,367	348,011
Amounts owed to group undertakings	100	100
Corporation tax	105,531	456,177
Other taxation and social security	343,954	217,239
Other creditors	3,753,093	4,679,921
Accruals and deferred income	88,450	82,198
	4,558,495	5,913,084

Included within other creditors is a loan from MEJJ, an unincorporated related party, of £1,873,150 (2024: £1,873,150), this is interest free and repayable on demand.

Included within other creditors is a loan from Helping Hands Care Agency Limited, which is owned and controlled by the directors, of £11,502 (2024: £13,101), this is interest free and repayable on demand.

20.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

	Bank loans (note 21)	-	3,261,684

Page 20

BRADWELL HALL NURSING HOME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Amounts falling due within one year
Bank loans	-	129,438
Amounts falling due 1-2 years
Bank loans	-	3,261,684


	-	3,391,122

The bank borrowings, which were secured against the assets of the company and interest was charged at 2.25% above the Bank of England base-rate, were repaid in full in the year.

The company has given an unlimited cross guarantee for the bank borrowings in the parent company. At the year end the amount of bank borrowings outstanding in the parent company were £4,000,000.

22.	Deferred taxation

		2025
		£

	At beginning of year	(107,510)
	Charged to profit or loss	(35,437)
	At end of year	(142,947)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

Accelerated capital allowances

(142,947)

(107,510)

Page 21

BRADWELL HALL NURSING HOME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

23.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

66 (2024 - 66) Ordinary shares of £1.00 each	66	66
2 (2024 - 2) Ordinary A shares of £1.00 each	2	2
32 (2024 - 32) Ordinary B shares of £1.00 each	32	32

	100	100

The ordinary shares carry full rights and the ordinary A and B shares carry no rights.

24.

Reserves

Share premium account

Includes any premiums received on the issue of share capital. Any transaction costs associated with the issuing of shares are deducted from the share premium.

Profit and loss account

Represents cumulative net gains and losses recognised in the Statement of comprehensive income net of dividends paid on equity shares and other adjustments.

25.	Pension commitments

The Company operates a defined contribution scheme for the benefit of the employees. The assets of the scheme are administered in a fund separate from those of the Company. At the year end there were outstanding contributions of £44,101 (2024: £40,495) included within creditors.

26.	Controlling party

The Company is a wholly owned subsidiary of Huggies Day Nursery Limited, a company registered in England.

The largest and smallest group of undertakings for which group accounts have been prepared is that headed up by Huggies Day Nursery Limited. Group consolidated financial statements can be obtained from the registered office of Huggies Day Nursery Limited.

Page 22