Registration number: 02624175

Thorndene Limited

Contents

Company Information	1
Independent Auditor's Report	2 to 4
Balance Sheet	5
Notes to the Financial Statements	6 to 11

Thorndene Limited

Company Information

Directors

Mr Samuel Shadrach Evans Mr Warren Peter Charles Deane Mr Crispin Andrew John Wickenden

Company secretary

Mr Crispin Andrew John Wickenden

Registered office

Thorndene Canterbury Road Swingfield Dover Kent CT15 7HZ

Auditors

Batchelor Coop Ltd Registered Auditors The New Barn Mill Lane Eastry Sandwich Kent CT13 0JW

Thorndene Limited

Independent Auditor's Report to the Members of Thorndene Limited

Opinion

We have audited the financial statements of Thorndene Limited (the 'company') for the year ended 31 March 2025, which comprise the Balance Sheet, 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 FRS 102 Section 1A '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 loss 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 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.

Material uncertainty related to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis in the preparation of the financial statements is appropriate.

We draw attention to note 2 in the financial statements, regarding going concern, which indicates that the company faces a difficult trading environment as Local Authorities are increasingly reluctant to place and fully fund adults with learning difficulties in residential care and this has been compounded with a substantial increase in employment costs as a result of an increase in the National Minimum Wage and increases in Employers National Insurance from 1 April 2025. At the date of approval of the financial statements the company has been struggling to meet these increased costs on the funding levels agreed with the placing authorities for 2025/26 and there is no guarantee that the funding authorities who pay for the care of the company's residents will fully fund these cost increases when they agree rates for 2026/27. As referred to in the note, this factor casts a significant doubt as to the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

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 other information comprises the information included in the annual report, other than the financial statements and our auditor’s report 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.

Thorndene Limited

Independent Auditor's Report to the Members of Thorndene Limited

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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 relied upon the exemptions in section 6 of the Ethical Standard in relation to the non audit services we provide to the Company

Opinion on other matter 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 for the financial year for which the financial statements are prepared is consistent with the financial statements; and

•	the has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the .

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; or
•	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report.

Responsibilities of directors

As explained more fully in the [set out on page ], 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.

Auditor 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Thorndene Limited

Independent Auditor's Report to the Members of Thorndene Limited

We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur.

We identified the important laws and regulations which are significant in the context of the Company, including those covering taxation, theft, care standards, health and safety and employment legislation and the Covid-19 support scheme terms and conditions.

We developed and maintained our understanding of these laws and regulations through mandatory professional education.

We reviewed the Company's procedures, not only for ensuring it remains within the law, but also how it seeks to prevent becoming a victim of internal and external irregularities including fraud.

We believe our audit team, through training and experience, to be competent and capable of identifying and recognising non-compliance and we ensure they have access to professional specialists at all times to assist them in their judgement.

A further description of our responsibilities is available 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.

......................................
Mark Batchelor BSc FCA (Senior Statutory Auditor)
For and on behalf of Batchelor Coop Ltd, Statutory Auditor

The New Barn
Mill Lane
Eastry
Sandwich
Kent
CT13 0JW

22 December 2025

Thorndene Limited

(Registration number: 02624175)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	709,186	741,352
Current assets
Debtors	5	97,712	99,793
Cash at bank and in hand		59,841	60,866
		157,553	160,659
Creditors: Amounts falling due within one year	6	(284,894)	(269,399)
Net current liabilities		(127,341)	(108,740)
Total assets less current liabilities		581,845	632,612
Creditors: Amounts falling due after more than one year	6	(82,307)	(97,916)
Net assets		499,538	534,696
Capital and reserves
Called up share capital	7	324,381	324,381
Share premium reserve		44,626	44,626
Capital redemption reserve		31,269	31,269
Other reserves		30,000	30,000
Retained earnings		69,262	104,420
Shareholders' funds		499,538	534,696

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 December 2025 and signed on its behalf by:
 

......................................... Mr Samuel Shadrach Evans Director

......................................... Mr Warren Peter Charles Deane Director

Thorndene Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Thorndene Canterbury Road
Swingfield
Dover
Kent
CT15 7HZ

These financial statements were authorised for issue by the Board on 22 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

The Directors draw attention to the difficult trading environment that Thorndene Limited and indeed all care homes face currently as Local Authorities are increasingly unable or unwilling to fully fund placements in residential facilities, in many cases opting for less expensive supported living arrangements.

While the Directors have created a separate supported living facility in the grounds of Thorndene Limited, the main building is not considered suitable for conversion to facilitate supported living arrangements and is only suitable for the provision of residential care.

These difficult conditions were compounded by the budget of 30 October 2024 which significantly increased the wages cost of the business, and as a care provider the wages cost is the most significant individual expense the business faces. Since the company receives the majority of its income from Local Authorities it does not qualify for the enhanced Employers Allowance from 1 April 2025.

Should adequate funding for both residential and supported living placements not be secured from the placing Local Authorities within the next round of funding negotiations the business may not be in a position to continue trading.

Thorndene Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	2% on cost
Plant and equipment	25% reducing balance/ straight line over 20 years or 2% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

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

Thorndene Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Thorndene Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Exemptions under PASE

In common with many other businesses of our size and nature we use our auditors to assist with the preparation of our financial accounts from our management records and deal with the compliance tasks of preparing and submitting Corporation Tax Returns, operating our payroll and sending basic submissions to Companies House.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 67 (2024 - 70).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	1,209,055	184,824	1,393,879
At 31 March 2025	1,209,055	184,824	1,393,879
Depreciation
At 1 April 2024	507,661	144,866	652,527
Charge for the year	22,181	9,985	32,166
At 31 March 2025	529,842	154,851	684,693
Carrying amount
At 31 March 2025	679,213	29,973	709,186
At 31 March 2024	701,394	39,958	741,352

5

Debtors

Current	2025 £	2024 £
Trade debtors	66,598	63,344
Other debtors	31,114	36,449
	97,712	99,793

Thorndene Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

6

Creditors

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	9	15,609	14,905
Trade creditors		14,235	29,377
Taxation and social security		59,386	52,847
Other creditors		195,664	172,270
		284,894	269,399
Due after one year
Loans and borrowings	9	82,307	97,916

Creditors include bank loans and overdrafts which are secured on the freehold property of the company of £127,138 (2021 - £140,853).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	82,307	97,916