REGISTERED NUMBER: 03330519 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 March 2025

for

Park House Court Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

13

DIRECTORS:

P T Parker

P J Parker

C S Parker

S M Parker

J I Parker

SECRETARY:

P T Parker

REGISTERED OFFICE:

Park House Court

Narberth Road

TENBY

Pembrokeshire

SA70 8TJ

REGISTERED NUMBER:

03330519 (England and Wales)

BANKERS:

Barclays Bank plc

1-6 Pocketts Wharf

Swansea

SA1 3XL

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

REVIEW OF BUSINESS

The company continued to operate a nursing home and day nursery from its premises at Narberth Road, Tenby.

The directors are satisfied with the performance of the company during the period of review as disclosed within the financial statements. It is recognised that income has increased in the period and the gross margin has remained broadly consistent with previous years. Again the main area of expenditure is wages which the directors recognise as being key to delivering a quality service. The company continues to pursue best practice and continued improvement with a view to maintaining and improving profitability in line with the directors' expectations.

PRINCIPAL RISKS AND UNCERTAINTIES

The company's risks and uncertainties are no different from those faced by other providers in the same sector and include the company's reliance on the ongoing funding and support from government and local authority. Staff costs which represent the company's largest cost are also a key area. The company is able to mitigate and manage these risks by way of well-established practices, experience and reputation.

ON BEHALF OF THE BOARD:

P T Parker - Secretary

19 December 2025

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

DIVIDENDS

The total distribution of dividends for the year ended 31 March 2025 will be £ 107,500 .

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 T Parker

P J Parker

C S Parker

S M Parker

J I Parker

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he 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 company's auditors are aware of that information.

AUDITORS

The auditors, Ashmole and Co., will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

P T Parker - Secretary

19 December 2025

Opinion

We have audited the financial statements of Park House Court Limited (the 'company') for the year ended 31 March 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 company's affairs as at 31 March 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

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

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.

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

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team:

- obtained an understanding of the nature of the industry and sector, including the legal and regulatory framework that the company operates in and how the company is complying with the legal and regularity framework;

- inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud;

- discussed matters about non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud.

As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS102, and the Companies Act 2006. We performed audit procedures to detect non-compliance which may have a material impact on the financial statements which included reviewing financial statement disclosures.

The audit engagement team identified the risk of management override of controls as an area where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were not limited to evaluating the business rationale in relation to any significant, unusual transactions and transactions entered into outside the normal course of business.

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.

N.J. Mills FCCA (Senior Statutory Auditor)

for and on behalf of Ashmole and Co.

Chartered Certified Accountants and Statutory

Auditors

Williamston House

7 Goat Street

Haverfordwest

Pembrokeshire

SA61 1PX

22 December 2025

TURNOVER

4,370,204

3,905,058

Cost of sales

389,315

364,598

GROSS PROFIT

3,980,889

3,540,460

Administrative expenses

3,529,184

3,178,469

451,705

361,991

Other operating income

13,480

7,780

OPERATING PROFIT

4

465,185

369,771

Interest receivable and similar income

1,319

2,725

466,504

372,496

Interest payable and similar expenses

5

75,048

76,851

PROFIT BEFORE TAXATION

391,456

295,645

Tax on profit

6

97,863

85,227

PROFIT FOR THE FINANCIAL YEAR

293,593

210,418

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

293,593

210,418

FIXED ASSETS

Tangible assets

8

8,904,246

8,899,691

CURRENT ASSETS

Stocks

9

13,000

13,000

Debtors

10

308,940

279,607

321,940

292,607

CREDITORS

Amounts falling due within one year

11

543,339

1,406,404

NET CURRENT LIABILITIES

(221,399

)

(1,113,797

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,682,847

7,785,894

CREDITORS

Amounts falling due after more than one year

12

(709,115

)

-

PROVISIONS FOR LIABILITIES

15

(49,841

)

(48,096

)

NET ASSETS

7,923,891

7,737,798

CAPITAL AND RESERVES

Called up share capital

16

825

825

Revaluation reserve

17

5,913,677

5,913,677

Retained earnings

17

2,009,389

1,823,296

SHAREHOLDERS' FUNDS

7,923,891

7,737,798

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by:

P T Parker - Director

P J Parker - Director

C S Parker - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

825

1,705,378

5,913,677

7,619,880

Changes in equity

Dividends

-

(92,500

)

-

(92,500

)

Total comprehensive income

-

210,418

-

210,418

Balance at 31 March 2024

825

1,823,296

5,913,677

7,737,798

Changes in equity

Dividends

-

(107,500

)

-

(107,500

)

Total comprehensive income

-

293,593

-

293,593

Balance at 31 March 2025

825

2,009,389

5,913,677

7,923,891

Cash flows from operating activities

Cash generated from operations

1

538,795

386,427

Interest paid

(75,048

)

(76,851

)

Tax paid

(34,522

)

(33,770

)

Net cash from operating activities

429,225

275,806

Cash flows from investing activities

Purchase of tangible fixed assets

(45,405

)

(37,458

)

Interest received

1,319

2,725

Net cash from investing activities

(44,086

)

(34,733

)

Cash flows from financing activities

Loan repayments in year

(106,741

)

(128,553

)

Amount introduced by directors

-

130,336

Amount withdrawn by directors

(48,824

)

(128,879

)

Equity dividends paid

(107,500

)

(92,500

)

Net cash from financing activities

(263,065

)

(219,596

)

Increase in cash and cash equivalents

122,074

21,477

Cash and cash equivalents at beginning of year

2

(169,358

)

(190,835

)

Cash and cash equivalents at end of year

2

(47,284

)

(169,358

)

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

31.3.25

31.3.24

£

£

Profit before taxation

391,456

295,645

Depreciation charges

39,064

36,614

Loss on disposal of fixed assets

1,786

-

Finance costs

75,048

76,851

Finance income

(1,319

)

(2,725

)

506,035

406,385

Decrease/(increase) in trade and other debtors

35,969

(36,450

)

(Decrease)/increase in trade and other creditors

(3,209

)

16,492

Cash generated from operations

538,795

386,427

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

£

£

Bank overdrafts

(47,284

)

(169,358

)

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Bank overdrafts

(169,358

)

(190,835

)

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Bank overdrafts

(169,358

)

122,074

(47,284

)

(169,358

)

122,074

(47,284

)

Debt

Debts falling due within 1 year

(996,907

)

815,856

(181,051

)

Debts falling due after 1 year

-

(709,115

)

(709,115

)

(996,907

)

106,741

(890,166

)

Total

(1,166,265

)

228,815

(937,450

)

1.	STATUTORY INFORMATION

Park House Court Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

No depreciation is provided in respect of freehold property as in the opinion of the directors its carrying value is in excess of its residual value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

31.3.25

31.3.24

£

£

Wages and salaries

2,669,860

2,500,280

Social security costs

233,435

206,728

Other pension costs

48,591

45,025

2,951,886

2,752,033

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

31.3.25

31.3.24

Directors

2

3

Operational

117

116

119

119

31.3.25

31.3.24

£

£

Directors' remuneration

5,388

5,388

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

£

Depreciation - owned assets

39,064

36,614

Loss on disposal of fixed assets

1,786

-

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.3.25

31.3.24

£

£

Bank loan interest

74,570

76,851

Other interest

478

-

75,048

76,851

6.

TAXATION

Analysis of the tax charge

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

31.3.25

31.3.24

£

£

Current tax:

UK corporation tax

96,118

72,961

Deferred tax

1,745

12,266

Tax on profit

97,863

85,227

7.

DIVIDENDS

31.3.25

31.3.24

£

£

`A' Ordinary shares of 1p each

Interim

43,000

37,000

`B' Ordinary shares of 1p each

Interim

43,000

37,000

`C' Ordinary shares of 1p each

Interim

21,500

18,500

107,500

92,500

8.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2024

8,693,825

1,258,535

15,500

9,967,860

Additions

-

45,405

-

45,405

Disposals

-

(2,113

)

-

(2,113

)

At 31 March 2025

8,693,825

1,301,827

15,500

10,011,152

DEPRECIATION

At 1 April 2024

-

1,054,664

13,505

1,068,169

Charge for year

-

38,484

580

39,064

Eliminated on disposal

-

(327

)

-

(327

)

At 31 March 2025

-

1,092,821

14,085

1,106,906

NET BOOK VALUE

At 31 March 2025

8,693,825

209,006

1,415

8,904,246

At 31 March 2024

8,693,825

203,871

1,995

8,899,691

Cost or valuation at 31 March 2025 is represented by:

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

Valuation in 2015

5,967,629

-

-

5,967,629

Cost

2,726,196

1,301,827

15,500

4,043,523

8,693,825

1,301,827

15,500

10,011,152

If Freehold property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

2,726,196

2,726,196

The freehold property was valued on at open market value basis on 28 November 2014 by Collier International .

No depreciation is provided in respect of freehold property as in the opinion of the directors its carrying value is in excess of its residual value.

9.

STOCKS

31.3.25

31.3.24

£

£

Stocks

13,000

13,000

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

96,235

126,206

Other debtors

5,489

11,487

Directors' current accounts

83,046

34,222

Tax

28,520

12,042

Prepayments

95,650

95,650

308,940

279,607

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 13)

228,335

1,166,265

Trade creditors

113,335

80,634

Tax

150,969

72,895

Social security and other taxes

50,700

86,610

543,339

1,406,404