BJP Corporation Limited Group accounts (Group and Company)

COMPANY REGISTRATION NUMBER: 06198489

BJP Corporation Limited

Financial Statements

31 March 2025

BJP Corporation Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Officers and professional advisers	1

Strategic report	2

Directors' report	5

Independent auditor's report to the members	7

Consolidated profit and loss account	11

Consolidated balance sheet	12

Balance sheet	13

Consolidated statement of changes in equity	14

Company statement of changes in equity	15

Consolidated statement of cash flows	16

Notes to the financial statements	17

BJP Corporation Limited

Officers and Professional Advisers

The board of directors	B M Parvin
	J C Parvin

Registered office	Rosehill
	Belmangate
	Guisborough
	TS14 7BB

Auditor	Chipchase Manners
	Chartered accountants & statutory auditor
	384 Linthorpe Road
	Middlesbrough
	TS5 6HA

BJP Corporation Limited

Strategic Report

Year ended 31 March 2025

Principal activities and business environment

The principal activity of the group is that of the operation of two care homes located in Guisborough, North Yorkshire and of providing home support to clients in the community. Prospects for the group with its proven background in the provision of high quality nursing home care are encouraging for the current and future financial years. During a recession, using a flexible workforce was a solution for many employers to keep and maintain knowledge over the longer term as an alternative to job losses. In any growth strategy a flexible labour force is the key to gaining a competitive edge over competitors. Employers are keen to grow but are not looking to add to their permanent workforce under the difficult economic conditions experienced over the recent years.

Strategy, expansion and investment

The group's objectives are unchanged in the achievement of sustainable growth and returns by organic and acquisitive means. Three main elements comprise the methods of being successful in this endeavour as follows: 1. Expansion or services to new and existing customers. 2. Invest in infrastructure and new business opportunities. 3. Recruit and retain key people who are experts in their field. The core business of the group is the provision of nursing home care to the elderly and we have sought to expand on this by offering ancillary services across our revenue streams. This has resulted in new customers adding to our core business and existing residents taking advantage of other services. Our key measure of this success is gross profitability. Please see our section entitled 'key performance indicators' for an overview of how this measure is calculated and our performance in relation to it. The ongoing development of information technology, communications and partnership arrangements continued in the year. We encourage staff to take responsibility for their own and the business success. To continue to attract, train and retain high calibre individuals who are key to achieving these objectives. The resignation of key individuals and the inability to recruit talented people with the right skill-sets could adversely affect the group's results. Mitigation of this risk is achieved by succession planning, training of staff, competitive pay structures linked to the group's results and career progression. Conversely the recruitment of individuals who offer little to the success of our business is always under review and appropriate action taken where necessary.

People and employees

The recruitment and retention of employees is important to the success of the group. Policies have been implemented to attract candidates with the right skill-sets who can add to the competitive advantage we continue to enjoy and to retain those employees once they are recruited.

Future outlook and going concern

We form close working relationships with all of our stakeholders including residents, employees, suppliers, financiers and advisers. Bearing in mind the risks and uncertainties discussed below we are confident that our performance will continue at the current level into the future. The board regularly reviews its financial forecasts to ensure it is on track to achieve its stated aims and assesses future business opportunities and challenges and seeks to ensure that there is adequate financial support to meet the future revenue streams.

Principal risks and uncertainties

The management of the business and the execution of the group's strategy are subject to a number of risks. The following section comprises a summary of what the group believes are the main risks that could potentially impact the group's operating and financial performance.

Economics

Business confidence is largely built upon the economic conditions prevalent at the time. The economic outlook for 2025-2026 remains cautious with many economic commentators predicting that the economic crisis potentially could continue.

Competition

The group operates in a highly competitive market around price and delivery. If the group does not continue to compete in its market effectively by hiring new staff and continuing the discipline roll-outs, there is a risk that our competitors may beat us to key strategic opportunities, which may result in lost business and a reduction in market share. This risk is mitigated by meetings of the Executive Committee bi-monthly where group strategy is continually reviewed and discussed.

Technology

The group utilise new technology or enhance existing technology to support the operations of all offices and personnel. Due to the rapid advancement of technology, there is a risk that systems could become outdated with the potential to affect efficiency and have an impact on revenue and client service.

Legal, treasury management and currency risk

The group operates in the UK and is subject to a varying array of legal and compliance regulations. In order to reduce the legal and compliance risks, all of our staff members are given regular updates of changes in legal and compliance requirements. We continue to make prudent provisions for bad debts but take specific measures such as credit insurance to mitigate our exposure to this type of risk. Cash surpluses are invested in short-term deposits with any working capital requirements being provided from group cash resources, group facilities or by overdraft facilities. The main functional currencies of the group are Sterling. The group does not have any transactional currency exposures, nor is there an exposure to foreign-denominated monetary assets and liabilities.

Key performance indicators

The board of directors' monitors progress on the overall group strategy and the individual strategy elements by reference to the KPI's below. Performance during the year, together with historical trend data is set out below:

	2025	2024
Growth on sales (%)	16	24
Gross Margin (%)	50	50
Return on invested capital (%)	12	7

Growth on sales - year on year growth in sales expressed as a percentage. Gross margin - ratio of gross profit to sales expressed as a percentage. Return on invested capital - operating profit as a percentage of net assets.

This report was approved by the board of directors on 16 October 2025 and signed on behalf of the board by:

B M Parvin

Director

Registered office:

Rosehill

Belmangate

Guisborough

TS14 7BB

BJP Corporation Limited

Directors' Report

Year ended 31 March 2025

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

Directors

The directors who served the company during the year were as follows:

B M Parvin
J C Parvin

Dividends

Particulars of dividends paid are shown in the financial statements. The directors do not recommend the payment of a final dividend.

Employment of disabled persons

The group's policy is to recruit disabled workers for those vacancies that they are able to fill. All necessary assistance with initial training courses is given. Arrangements are made, wherever possible, for retraining employees who become disabled, to enable them to perform work identified as appropriate to their aptitudes and abilities.

Financial instruments

No financial instruments have been used by the company in the year.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, 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 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 group and the company and the profit or loss of the group for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments 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. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the group and the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the group and the company's auditor is aware of that information.

This report was approved by the board of directors on 16 October 2025 and signed on behalf of the board by:

B M Parvin

Director

Registered office:

Rosehill

Belmangate

Guisborough

TS14 7BB

BJP Corporation Limited

Independent Auditor's Report to the Members of BJP Corporation Limited

Year ended 31 March 2025

Opinion

We have audited the financial statements of BJP Corporation Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the consolidated profit and loss account, consolidated balance sheet, balance sheet, consolidated statement of changes in equity, company statement of changes in equity, consolidated statement of cash flows and the related notes, 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 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the group's and of the parent company's affairs as at 31 March 2025 and of the group's profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - 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 group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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

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

Other information

The 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. 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 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 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 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 group and the parent 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or - the parent company financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, 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 group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

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: The objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud or error. It is also our objective to obtain sufficient appropriate audit evidence regarding the risks we have assessed and respond as appropriate to them. Even though an audit is planned and performed in accordance with the ISAs (UK), an audit has an unavoidable risk that material misstatements in the financial statements may not be detected. In identifying and assessing the risk of material misstatement in respect of irregularities, including fraud, our audit procedures included the following: - We obtained an understanding of the legal and regulatory frameworks applicable to the company and the environment in which they operate. - We obtained an understanding of how the company ensures their compliance with the applicable legal and regulatory frameworks through inquiries to the management and those charged with ensuring such compliance within the company. We corroborated our inquiries through a review of transactions within the financial statements that were linked to compliance with laws and regulations. We also reviewed any available board minutes. - We assessed the susceptibility of the company's financial statements to material misstatement with regards to how fraud might occur. Audit procedures performed by the team included: - Identifying and assessing the effectiveness of controls the management of the company has in place to detect and prevent possible fraud; - Understanding how those involved with ensuring compliance considered and addressed the potential override of controls or undue influence over the financial reports; - Challenging any major assumptions and judgements that the management used in any significant accounting estimates; - Reviewing journal entries made with emphasis placed on those with unusual combinations and those around the accounting year end: and - Assessing the extent of compliance with applicable laws and regulations. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group's or the parent company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group or the parent company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. - Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 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.

Martin Firth BA(Hons) FCA

(Senior Statutory Auditor)

For and on behalf of

Chipchase Manners

Chartered accountants & statutory auditor

384 Linthorpe Road

Middlesbrough

TS5 6HA

16 October 2025

BJP Corporation Limited

Consolidated Profit and Loss Account

Year ended 31 March 2025

		2025	2024
Note		£	£
Turnover	4	5,532,566	4,784,620

Cost of sales	2,739,244	2,386,768
	------------	------------
Gross profit	2,793,322	2,397,852

Administrative expenses		1,391,847	1,671,432
Other operating income	5	7,500	30,117
		------------	------------
Operating profit	6	1,408,975	756,537

Other interest receivable and similar income	10	36	49
Interest payable and similar expenses	11	77,247	88,327
		------------	------------
Profit before taxation		1,331,764	668,259

Tax on profit	12	333,178	161,895
		------------	---------
Profit for the financial year		998,586	506,364
		------------	---------

Revaluation of tangible assets	–	2,915,588
Tax relating to components of other comprehensive income	–	( 582,787)
	----	------------
Other comprehensive income for the year	–	2,332,801
	---------	------------
Total comprehensive income for the year	998,586	2,839,165
	---------	------------

All the activities of the group are from continuing operations.

BJP Corporation Limited

Consolidated Balance Sheet

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	13	–	1,591
Tangible assets	14	9,421,356	9,447,500
		------------	------------
		9,421,356	9,449,091

Current assets

Stocks	16	11,000	11,000
Debtors	17	4,331,720	2,330,066
Other Investments	18	118,472	99,888
Cash at bank and in hand		900,153	1,977,302
		------------	------------
		5,361,345	4,418,256

Creditors: amounts falling due within one year	19	1,360,515	1,236,679
		------------	------------
Net current assets		4,000,830	3,181,577
		-------------	-------------
Total assets less current liabilities		13,422,186	12,630,668

Creditors: amounts falling due after more than one year	20	799,613	1,005,713

Provisions	21	807,094	808,062
		-------------	-------------
Net assets		11,815,479	10,816,893
		-------------	-------------

Capital and reserves

Called up share capital	26	100	100
Revaluation reserve	27	4,183,199	4,183,199
Profit and loss account	27	7,632,180	6,633,594
		-------------	-------------
Shareholders funds		11,815,479	10,816,893
		-------------	-------------

These financial statements were approved by the board of directors and authorised for issue on 16 October 2025 , and are signed on behalf of the board by:

B M Parvin

Director

Company registration number: 06198489

BJP Corporation Limited

Balance Sheet

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	14	24,211	36,702
Fixed Asset Investments	15	3,815,003	3,815,003
		------------	------------
		3,839,214	3,851,705

Current assets

Debtors	17	3,548,475	1,582,454
Other Investments	18	118,472	99,888
Cash at bank and in hand		51,687	81,653
		------------	------------
		3,718,634	1,763,995

Creditors: amounts falling due within one year	19	402,378	521,994
		------------	------------
Net current assets		3,316,256	1,242,001
		------------	------------
Total assets less current liabilities		7,155,470	5,093,706
		------------	------------
Net assets		7,155,470	5,093,706
		------------	------------

Capital and reserves

Called up share capital	26	100	100
Profit and loss account	27	7,155,370	5,093,606
		------------	------------
Shareholders funds		7,155,470	5,093,706
		------------	------------

The profit for the financial year of the parent company was £ 2,061,764 (2024: £ 254,778 ).

These financial statements were approved by the board of directors and authorised for issue on 16 October 2025 , and are signed on behalf of the board by:

B M Parvin

Director

Company registration number: 06198489

BJP Corporation Limited

Consolidated Statement of Changes in Equity

Year ended 31 March 2025

			Called up share capital	Revaluation reserve	Profit and loss account	Total
Note			£	£	£	£
At 1 April 2023			100	1,850,398	6,127,230	7,977,728

Profit for the year					506,364	506,364
Other comprehensive income for the year:
	Revaluation of tangible assets	14	–	2,915,588	–	2,915,588
	Tax relating to components of other comprehensive income	12	–	( 582,787)	–	( 582,787)
			----	------------	------------	------------
Total comprehensive income for the year			–	2,332,801	506,364	2,839,165

At 31 March 2024			100	4,183,199	6,633,594	10,816,893

Profit for the year					998,586	998,586
			----	------------	------------	-------------
Total comprehensive income for the year			–	–	998,586	998,586

			----	------------	------------	-------------
At 31 March 2025			100	4,183,199	7,632,180	11,815,479
			----	------------	------------	-------------

BJP Corporation Limited

Company Statement of Changes in Equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 April 2023	100	4,838,828	4,838,928

Profit for the year		254,778	254,778
	----	------------	------------
Total comprehensive income for the year	–	254,778	254,778

At 31 March 2024	100	5,093,606	5,093,706

Profit for the year		2,061,764	2,061,764
	----	------------	------------
Total comprehensive income for the year	–	2,061,764	2,061,764

	----	------------	------------
At 31 March 2025	100	7,155,370	7,155,470
	----	------------	------------

BJP Corporation Limited

Consolidated Statement of Cash Flows

Year ended 31 March 2025

	2025	2024
	£	£

Cash flows from operating activities

Profit for the financial year	998,586	506,364

Adjustments for:
Depreciation of tangible assets	31,312	36,466
Amortisation of intangible assets	1,591	1,592
Government grant income	( 7,500)	( 28,332)
Other interest receivable and similar income	( 36)	( 49)
Interest payable and similar expenses	77,247	88,327
Loss on disposal of investment property	–	7,929
Tax on profit	333,178	161,895
Accrued income	( 181)	( 14,790)

Changes in:
Trade and other debtors	( 2,001,654)	( 514,349)
Trade and other creditors	41,216	74,816
Deferred tax asset	3,362	15,446
	------------	---------
Cash generated from operations	( 522,879)	335,315

Interest paid	( 77,247)	( 88,327)
Interest received	36	49
Tax paid	( 176,350)	( 135,715)
	---------	---------
Net cash (used in)/from operating activities	( 776,440)	111,322
	---------	---------

Cash flows from investing activities

Purchase of tangible assets	( 5,168)	( 2,008)
Proceeds from sale of tangible assets	–	208,355
Purchases of other investments	( 18,584)	–
	---------	---------
Net cash (used in)/from investing activities	( 23,752)	206,347
	---------	---------

Cash flows from financing activities

Proceeds from borrowings	( 284,457)	( 246,735)
Government grant income	7,500	28,332
	---------	---------
Net cash used in financing activities	( 276,957)	( 218,403)
	---------	---------

Net (decrease)/increase in cash and cash equivalents	( 1,077,149)	99,266
Cash and cash equivalents at beginning of year	1,977,302	1,878,036
	------------	------------
Cash and cash equivalents at end of year	900,153	1,977,302
	------------	------------

BJP Corporation Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Rosehill, Belmangate, Guisborough, TS14 7BB.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102: Disclosures in respect of financial instruments have not been presented, as no non-basic financial instruments have been used in the year. No disclosure has been given for the aggregate remuneration of key management personnel.

Consolidation

The financial statements consolidate the financial statements of BJP Corporation Limited and all of its subsidiary undertakings.

The results of subsidiaries acquired or disposed of during the year are included from or to the date that control passes.

The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not presented its individual profit and loss account.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for residents' fees and home support services rendered, stated net of discounts. Revenue is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	Straight line over 5 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% straight line
Motor vehicles	-	20% straight line
Equipment	-	20% straight line

No depreciation is provided on freehold land. Freehold properties are not depreciated where the Directors are of the opinion that the buildings concerned are sufficiently well maintained to ensure that the residual values of such properties, which are appraised on the basis of prices prevailing at the times of acquisition or subsequent valuation, are not less than the carrying values shown in the accounts and, accordingly, annual depreciation would not be material to the financial statements.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Rendering of services	5,532,566	4,784,620
	------------	------------

The whole of the turnover is attributable to the principal activity of the group wholly undertaken in the United Kingdom.

5. Other operating income

	2025	2024
	£	£
Government grant income	7,500	28,332
Other operating income	–	1,785
	-------	--------
	7,500	30,117
	-------	--------

6. Operating profit

Operating profit or loss is stated after charging:

	2025	2024
	£	£
Amortisation of intangible assets	1,591	1,592
Depreciation of tangible assets	31,312	36,466
Loss on disposal of investment property	–	7,929
	--------	--------

7. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	18,480	17,640
	--------	--------

8. Staff costs

The average number of persons employed by the group during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Production staff	142	124
Administrative staff	17	18
Management staff	6	5
Maintenance staff	2	2
	----	----
	167	149
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	3,326,526	3,065,185
Social security costs	8,296	11,364
Other pension costs	53,444	46,405
	------------	------------
	3,388,266	3,122,954
	------------	------------

9. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	86,608	111,904
	--------	---------

10. Other interest receivable and similar income

	2025	2024
	£	£
Other interest receivable and similar income	36	49
	----	----

11. Interest payable and similar expenses

	2025	2024
	£	£
Interest on banks loans and overdrafts	77,247	88,327
	--------	--------

12. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	337,508	175,468
Adjustments in respect of prior periods	–	739
	---------	---------
Total current tax	337,508	176,207
	---------	---------

Deferred tax:

Origination and reversal of timing differences	( 4,330)	( 14,312)
	---------	---------
Tax on profit	333,178	161,895
	---------	---------

Tax recognised as other comprehensive income or equity

The aggregate current and deferred tax relating to items recognised as other comprehensive income or equity for the year was £Nil (2024: £ 582,787 ).

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is lower than (2024: lower than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	1,331,764	668,259
	------------	---------
Profit on ordinary activities by rate of tax	335,322	169,047
Adjustment to tax charge in respect of prior periods	–	739
Effect of expenses not deductible for tax purposes	( 1,983)	398
Effect of capital allowances and depreciation	4,168	6,023
Deferred tax movement	( 4,329)	( 14,312)
	------------	---------
Tax on profit	333,178	161,895
	------------	---------

13. Intangible assets

Group	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	2,682,959
	------------
Amortisation
At 1 April 2024	2,681,368
Charge for the year	1,591
	------------
At 31 March 2025	2,682,959
	------------
Carrying amount
At 31 March 2025	–
	------------
At 31 March 2024	1,591
	------------

The company has no intangible assets.

14. Tangible assets

Group	Freehold property	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	9,367,738	397,917	63,362	3,047	9,832,064
Additions	–	5,168	–	–	5,168
	------------	---------	--------	-------	------------
At 31 March 2025	9,367,738	403,085	63,362	3,047	9,837,232
	------------	---------	--------	-------	------------
Depreciation
At 1 April 2024	–	354,857	26,842	2,865	384,564
Charge for the year	–	18,821	12,345	146	31,312
	------------	---------	--------	-------	------------
At 31 March 2025	–	373,678	39,187	3,011	415,876
	------------	---------	--------	-------	------------
Carrying amount
At 31 March 2025	9,367,738	29,407	24,175	36	9,421,356
	------------	---------	--------	-------	------------
At 31 March 2024	9,367,738	43,060	36,520	182	9,447,500
	------------	---------	--------	-------	------------

Company	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	61,724	3,047	64,771
	--------	-------	--------
Depreciation
At 1 April 2024	25,204	2,865	28,069
Charge for the year	12,345	146	12,491
	--------	-------	--------
At 31 March 2025	37,549	3,011	40,560
	--------	-------	--------
Carrying amount
At 31 March 2025	24,175	36	24,211
	--------	-------	--------
At 31 March 2024	36,520	182	36,702
	--------	-------	--------

Tangible assets held at valuation

A valuation of £5,500,905 and £3,866,833 of the Freehold Property was obtained for Belmont View Nursing Home and Gracelands Nursing Home respectively within the previous year. The valuation was performed by a professional valuer fully independent of Belmont View Limited and Gracelands Care Home Limited.

In respect of tangible assets held at valuation, aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

Group	Freehold property
	£
At 31 March 2025
Aggregate cost	4,564,606
Aggregate depreciation	–
	------------
Carrying value	4,564,606
	------------

At 31 March 2024
Aggregate cost	4,564,606
Aggregate depreciation	–
	------------
Carrying value	4,564,606
	------------

The company has no tangible assets held at valuation.

15. Fixed asset investments

The group has no fixed asset investments.

Company	Shares in group undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	3,815,003
	------------
Impairment
At 1 April 2024 and 31 March 2025	–
	------------

Carrying amount
At 1 April 2024 and 31 March 2025	3,815,003
	------------
At 31 March 2024	3,815,003
	------------

Subsidiaries, associates and other investments

Details of the investments in which the parent company has an interest of 20% or more are as follows:

	Class of share	Percentage of shares held
Subsidiary undertakings
Belmont View Limited	Ordinary	100
Gracelands Care Home Limited	Ordinary	100
Kwik Cash Limited	Ordinary	100
Kwik Kash Limited	Ordinary	100
BJP Home Support Limited	Ordinary	100

The group has no shares in group undertakings.

16. Stocks

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Raw materials and consumables	11,000	11,000	–	–
	--------	--------	----	----

17. Debtors

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Trade debtors	232,165	184,025	–	–
Amounts owed by group undertakings	–	–	149,800	149,800
Amounts owed by undertakings in which the company has a participating interest	3,962,780	2,010,015	3,312,423	1,347,425
Deferred tax asset	18,808	15,446	4,653	2,871
Prepayments and accrued income	38,768	41,381	2,400	3,159
Other debtors	79,199	79,199	79,199	79,199
	------------	------------	------------	------------
	4,331,720	2,330,066	3,548,475	1,582,454
	------------	------------	------------	------------

18. Other investments

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Other investments	118,472	99,888	118,472	99,888
	---------	--------	---------	--------

19. Creditors: amounts falling due within one year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Bank loans and overdrafts	282,922	275,759	–	–
Trade creditors	56,208	44,560	1,308	121
Amounts owed to group undertakings	–	–	20,000	20,000
Accruals and deferred income	21,089	21,270	3,600	3,480
Corporation tax	337,423	176,265	15,923	19,659
Social security and other taxes	60,914	58,242	11,380	18,226
Director loan accounts	319,210	404,730	319,210	404,730
Other creditors	282,749	255,853	30,957	55,778
	------------	------------	---------	---------
	1,360,515	1,236,679	402,378	521,994
	------------	------------	---------	---------

20. Creditors: amounts falling due after more than one year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Bank loans and overdrafts	799,613	1,005,713	–	–
	---------	------------	----	----

Included within creditors: amounts falling due after more than one year is an amount of £107,867 (2024: £180,796) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

There are six loans which include amounts due for payment after more than five years. These are repayable by monthly instalments and have interest rates ranging from 5.5% to 7.27%.

21. Provisions

Group	Deferred tax (note 22)
	£
At 1 April 2024	808,062
Charge against provision	( 968)
	---------
At 31 March 2025	807,094
	---------

The company does not have any provisions.

22. Deferred tax

The deferred tax included in the balance sheet is as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Included in debtors (note 17)	18,808	15,446	4,653	2,871
Included in provisions (note 21)	( 807,094)	( 808,062)	–	–
	---------	---------	-------	-------
	( 788,286)	( 792,616)	4,653	2,871
	---------	---------	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Accelerated capital allowances	( 17,731)	( 13,401)	( 4,653)	( 2,871)
Revaluation of tangible assets	806,017	806,017	–	–
	---------	---------	-------	-------
	788,286	792,616	(4,653)	(2,871)
	---------	---------	-------	-------

23. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 53,444 (2024: £ 46,405 ).

24. Government grants

The amounts recognised in the financial statements for government grants are as follows:

Group		Company
2025	2024	2025	2024
£	£	£	£

Recognised in other operating income:

Government grants recognised directly in income	7,500	28,332	–	–
	-------	--------	----	----

25. Financial instruments

The group has not used any financial instruments considered to be non-basic during the year.

26. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

27. Reserves

Revaluation reserve - This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. Profit and loss account - This reserve records retained earnings and accumulated losses.

28. Analysis of changes in net debt

	At 1 Apr 2024	Cash flows	At 31 Mar 2025
	£	£	£
Cash at bank and in hand	1,977,302	(1,077,149)	900,153
Debt due within one year	(680,489)	78,357	(602,132)
Debt due after one year	(1,005,713)	206,100	(799,613)
Current asset investments	99,888	18,584	118,472
	------------	------------	---------
	390,988	( 774,108)	( 383,120)
	------------	------------	---------

29. Directors' advances, credits and guarantees

There have been no directors' advances, credits or guarantees in the year.