STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MOORVILLE DEVELOPMENTS LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Income and Retained Earnings

8

Balance Sheet

9

Cash Flow Statement

10

Notes to the Cash Flow Statement

11

Notes to the Financial Statements

12

DIRECTORS:

R J Boulding

M T Boulding Jnr

C W Cancello

REGISTERED OFFICE:

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

REGISTERED NUMBER:

06673606 (England and Wales)

AUDITORS:

Hewitt Card Limited

Statutory Auditors

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

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

REVIEW OF BUSINESS

The principal activity of Moorville is the provision of residential care services for adults with Autism, mental health issues and learning difficulties. Moorville operates specialist care homes providing structured, person-centred support in a residential setting.

Residents are primarily funded through placements arranged by local authorities and the NHS. Moorville's focus is on delivering safe, compliant, and high-quality care in accordance with regulatory requirements set out by CQC while maintaining sustainable occupancy levels across its properties.

During the year the company continued to operate within it's existing portfolio of care homes, maintaining service provision and occupancy in line with management expectations. In addition to opening new services also.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors consider the principal risks facing the company to include staffing recruitment and retention, regulatory compliance, and funding pressures within the public sector.

The care sector continues to experience challenges in recruiting and retaining suitably qualified staff. The company mitigates this risk through ongoing training, competitive remuneration, and staff support measures.

The company is subject to regulation by external bodies, including the Care Quality Commission. Failure to meet regulatory standards could impact service delivery. Management maintains regular compliance monitoring and internal reviews to mitigate this risk.

Funding for residents is largely provided by local authorities and the NHS, and changes to commissioning arrangements or fee levels may impact future income. The directors maintain close relationships with commissioners to manage this uncertainty.

DEVELOPMENT AND PERFORMANCE

During the year, the company focused on maintaining stable service delivery and occupancy levels across it's care services as well as introducing new ones. Emphasis was placed on staff training, regulatory compliance and maintaining the quality of care provided to residents. Recently this was reflected in two outstanding CQC reports which are the only ones in the city.

Other than the addition of new services, no significant changes to the nature of the company's activities occurred during the year.

FINANCIAL KEY PERFORMANCE INDICATORS

The Directors monitor financial performance using key indicators including turnover, operating margins, wages as a percentage of revenue and occupancy levels. These measures are reviewed regularly to assess financial performance and cost control.

NON-FINANCIAL KEY PERFORMANCE INDICATORS

Non-financial performance is monitored through regulatory inspection outcomes, staff retention levels, training completion rates and the quality of the care delivered to residents. These indicators support the company's objective of providing sage and effective care.

ON BEHALF OF THE BOARD:

R J Boulding - Director

22 December 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of residential care activities for learning difficulties, mental health and substance abuse.

DIVIDENDS

Interim dividends per share were paid as follows:

50,000

- 19 April 2024

50,000

- 20 May 2024

50,000

- 20 June 2024

50,000

- 19 July 2024

62,000

- 20 August 2024

120,000

- 30 September 2024

120,000

- 31 October 2024

120,000

- 30 November 2024

120,000

- 31 December 2024

120,000

- 31 January 2025

120000

- 28 February 2025

120000

- 31 March 2025

1,102,000

The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 March 2025 will be £ 1,102,000 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

R J Boulding

M T Boulding Jnr

C W Cancello

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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Hewitt Card Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

R J Boulding - Director

22 December 2025

Opinion

We have audited the financial statements of Moorville Developments Limited (the 'company') for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet, 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 other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report.

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

responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information,we are required to report that fact.

We have nothing to report in this regard.

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.

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:

We have adopted a risk based approach based upon analytical procedures and knowledge of the clients systems and environment it operates in.

This enables us to design and perform audit procedures responsive to those risks; and obtain audit evidence that is sufficient and appropriate to provide a basis for the audit opinion.

To obtain an understanding of internal control where relevant to the audit to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.

To evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

To conclude on the appropriateness of management's 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 entity's ability to continue as a going concern.

The likelihood of detecting irregularities is inherently difficult and we have designed our tests and procedures to reduce this risk.

- We have enquired of management around actual and potential litigation and claims.

- Review of company minutes of meetings of those charged with governance.

- Reviewing financial statements disclosure and testing supporting documentation to assess compliance with applicable laws and regulations

- Review and testing of management override of controls, including through testing journal entries and other adjustments for appropriateness and evaluating the business rationale of significant transactions.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our 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.

James Timothy Card (Senior Statutory Auditor)

for and on behalf of Hewitt Card Limited

Statutory Auditors

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

22 December 2025

TURNOVER

3

12,261,289

8,297,937

Cost of sales

249,570

283,273

GROSS PROFIT

12,011,719

8,014,664

Administrative expenses

8,919,504

6,414,680

3,092,215

1,599,984

Other operating income

8

7,600

OPERATING PROFIT

5

3,092,223

1,607,584

Interest receivable and similar income

4,952

-

3,097,175

1,607,584

Interest payable and similar expenses

6

58,186

38,619

PROFIT BEFORE TAXATION

3,038,989

1,568,965

Tax on profit

7

937,200

474,027

PROFIT FOR THE FINANCIAL YEAR

2,101,789

1,094,938

Retained earnings at beginning of year

4,086,359

3,589,806

Dividends

8

(1,102,000

)

(598,385

)

RETAINED EARNINGS AT END OF YEAR

5,086,148

4,086,359

FIXED ASSETS

Tangible assets

9

1,590,743

1,579,349

CURRENT ASSETS

Debtors

10

3,749,797

2,587,534

Cash at bank and in hand

2,110,145

1,586,315

5,859,942

4,173,849

CREDITORS

Amounts falling due within one year

11

1,977,651

1,378,395

NET CURRENT ASSETS

3,882,291

2,795,454

TOTAL ASSETS LESS CURRENT LIABILITIES

5,473,034

4,374,803

CREDITORS

Amounts falling due after more than one year

12

(170,494

)

(167,480

)

PROVISIONS FOR LIABILITIES

15

(216,378

)

(120,950

)

NET ASSETS

5,086,162

4,086,373

CAPITAL AND RESERVES

Called up share capital

16

14

14

Retained earnings

17

5,086,148

4,086,359

SHAREHOLDERS' FUNDS

5,086,162

4,086,373

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

R J Boulding - Director

Cash flows from operating activities

Cash generated from operations

1

2,602,476

1,421,891

Interest paid

(33,180

)

(6,989

)

Interest element of hire purchase payments paid

(25,006

)

(31,630

)

Tax paid

(498,764

)

(165,418

)

Net cash from operating activities

2,045,526

1,217,854

Cash flows from investing activities

Purchase of tangible fixed assets

(447,514

)

(115,602

)

Sale of tangible fixed assets

106,780

26,825

Interest received

4,952

-

Net cash from investing activities

(335,782

)

(88,777

)

Cash flows from financing activities

Loan repayments in year

(69,839

)

(70,171

)

Capital repayments in year

25,289

(11,713

)

Amount introduced by directors

1

-

Amount withdrawn by directors

(39,365

)

(2,641

)

Share issue

-

7

Equity dividends paid

(1,102,000

)

(598,385

)

Net cash from financing activities

(1,185,914

)

(682,903

)

Increase in cash and cash equivalents

523,830

446,174

Cash and cash equivalents at beginning of year

2

1,586,315

1,140,141

Cash and cash equivalents at end of year

2

2,110,145

1,586,315

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

31.3.25

31.3.24

£

£

Profit before taxation

3,038,989

1,568,965

Depreciation charges

335,498

339,419

Profit on disposal of fixed assets

(6,158

)

-

Finance costs

58,186

38,619

Finance income

(4,952

)

-

3,421,563

1,947,003

Increase in trade and other debtors

(984,802

)

(905,450

)

Increase in trade and other creditors

165,715

380,338

Cash generated from operations

2,602,476

1,421,891

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

£

£

Cash and cash equivalents

2,110,145

1,586,315

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

1,586,315

1,140,141

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank and in hand

1,586,315

523,830

2,110,145

1,586,315

523,830

2,110,145

Debt

Finance leases

(188,847

)

(25,289

)

(214,136

)

Debts falling due within 1 year

(69,839

)

44,954

(24,885

)

Debts falling due after 1 year

(24,885

)

24,885

-

(283,571

)

44,550

(239,021

)

Total

1,302,744

568,380

1,871,124

1.	STATUTORY INFORMATION

Moorville Developments 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.

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

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

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.

TURNOVER

Turnover is attributable to the one principle activity of the company.

4.	EMPLOYEES AND DIRECTORS

31.3.25

31.3.24

£

£

Wages and salaries

4,793,348

3,585,643

Social security costs

460,220

320,325

Other pension costs

74,822

57,352

5,328,390

3,963,320

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

31.3.25

31.3.24

138

120

31.3.25

31.3.24

£

£

Directors' remuneration

36,000

35,417

Directors' pension contributions to money purchase schemes

518

472

5.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.3.25

31.3.24

£

£

Hire of plant and machinery

27,658

22,293

Other operating leases

2,233,875

1,319,237

Depreciation - owned assets

335,498

339,307

Profit on disposal of fixed assets

(6,158

)

-

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.3.25

31.3.24

£

£

Bank loan interest

6,401

6,148

Interest of overdue tax

26,779

841

Hire purchase

25,006

31,630

58,186

38,619

7.

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

790,126

474,027

Prior year adjustment

51,646

-

Total current tax

841,772

474,027

Deferred tax

95,428

-

Tax on profit

937,200

474,027

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.3.25

31.3.24

£

£

Profit before tax

3,038,989

1,568,965

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

759,747

392,241

Effects of:

Expenses not deductible for tax purposes

7,501

7,869

Depreciation in excess of capital allowances

22,878

73,917

Adjustments to tax charge in respect of previous periods

51,646

-

Deferred tax

95,428

-

Total tax charge

937,200

474,027

8.

DIVIDENDS

31.3.25

31.3.24

£

£

Ordinary shares shares of 1 each

Interim

1,102,000

598,385

9.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

706,789

1,563,317

289,065

2,559,171

Additions

-

195,553

251,961

447,514

Disposals

-

-

(181,585

)

(181,585

)

At 31 March 2025

706,789

1,758,870

359,441

2,825,100

DEPRECIATION

At 1 April 2024

106,018

739,987

133,817

979,822

Charge for year

106,019

152,832

76,647

335,498

Eliminated on disposal

-

-

(80,963

)

(80,963

)

At 31 March 2025

212,037

892,819

129,501

1,234,357

NET BOOK VALUE

At 31 March 2025

494,752

866,051

229,940

1,590,743

At 31 March 2024

600,771

823,330

155,248

1,579,349

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

283,681

22,480

Amounts owed by associates

2,947,328

2,218,955

Other debtors

10,426

155,966

Shareholder loans

83,826

-

Directors' current accounts

90,853

41,768

Tax

96,066

51,516

Prepayments and accrued income

207,551

96,849

Prepayments

30,066

-

3,749,797

2,587,534

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 13)

24,885

69,839

Hire purchase contracts (see note 14)

43,642

46,252

Trade creditors

47,604

31,274

Amounts owed to associates

363,540

200,782

Tax

913,101

525,543

Social security and other taxes

108,055

65,125

Other creditors

33,843

21,842

Directors' current accounts

12,207

2,486

Accrued expenses

430,774

415,252

1,977,651

1,378,395

12.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 13)

-

24,885

Hire purchase contracts (see note 14)

170,494

142,595

170,494

167,480

13.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

24,885

69,839

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

24,885