REGISTERED NUMBER: 07804306 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CHORLEGH LIMITED

Page

Company Information

1

Group Strategic Report

2

to

5

Report of the Directors

6

to

7

Report of the Independent Auditors

8

to

11

Consolidated Income Statement

12

Consolidated Other Comprehensive Income

13

Consolidated Balance Sheet

14

Company Balance Sheet

15

Consolidated Statement of Changes in Equity

16

Company Statement of Changes in Equity

17

Consolidated Cash Flow Statement

18

Notes to the Consolidated Cash Flow Statement

19

Notes to the Consolidated Financial Statements

20

to

33

DIRECTORS:

D J Q Slack

C H F Slack

Mrs H L Slack

SECRETARY:

Ms S K Slack

REGISTERED OFFICE:

Acorn House

Altrincham Road

Styal

Wilmslow

Cheshire

SK9 4JE

REGISTERED NUMBER:

07804306 (England and Wales)

AUDITORS:

Allens Accountants Limited

Registered Auditors and

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

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

REVIEW OF BUSINESS

The Group's principal activity during the year continued to be the provision of residential nursing care for adults with learning disabilities, mental health conditions and complex needs, together with residential nursing care for elderly residents requiring higher acuity support.

The year ended 31 March 2025 was characterised by a challenging operating environment for the adult social care sector. Persistent inflationary pressures, increased staffing costs, higher energy prices and rising interest rates continued to place pressure on margins across the sector. Constraints on public-sector funding also remained a key feature of the market.

During the year, the Group operated a reduced estate following the closure of Beverley Park Nursing Home. This decision was taken in the context of the prevailing economic and regulatory environment and formed part of the Board's focus on maintaining financial sustainability and operational resilience. The Group continued to prioritise the delivery of safe, high-quality care across its remaining homes.

Occupancy and fee levels remain the primary drivers of revenue. During the year, the Group operated with an average occupancy level of approximately 93%, reflecting two vacant beds across a total registered capacity of 27 beds. Demand for specialist care services remained stable, and management continued to focus on maintaining appropriate resident mix and care quality.

Group revenue for the year was £5.26m (2024: £5.34m). Inflationary fee uplifts were implemented where possible to partially offset increases in the cost base, particularly in relation to staffing, utilities and food. These increases were necessary to support the continued provision of services in a high-cost environment.

Operating profit from continuing operations reduced to £0.49m (2024: £0.54m). This decrease reflects ongoing cost inflation, higher administrative expenses and the impact of provisions made in respect of historic debtor balances during the year. The Board considers these provisions to be prudent and appropriate.

Net assets at 31 March 2025 amounted to £2.56m (2024: £2.79m). Movements during the year are set out in the consolidated statement of changes in equity.

The Board continues to monitor financial performance, liquidity and operational risks closely. While market conditions remain difficult, the Group's strategy remains focused on maintaining care quality, regulatory compliance and financial discipline.

PRINCIPAL RISKS AND UNCERTAINTIES

The company's principal risks and uncertainties are:

- A decline in occupancy or in negotiated fee rates for the provision of care

- The recruitment and retention of high-quality nursing and care staff

- Maintaining the quality of the home environment

The Company continues to address these risks through:

- Continuous improvement in the quality of care it provides, which enhances its reputation and maintains its position as the provider of choice for Local Authority and Clinical Commissioning Group commissioners and for private care purchasers

- Investment in our staff in terms of learning, development, and reward

- A programme of refurbishment, upgrading our facilities with investment in the homes and through increased maintenance expenditure

- The Board analyses key risks to the business and monitor exposure to these risks through a series of Key Performance Indicators (KPIs). These KPIs are reviewed to ensure that the Group is achieving its principal objectives of providing the highest quality of care for residents and patients, at the same time ensuring that the infrastructure is as fully and efficiently utilised as possible to provide appropriate returns to shareholders.

FINANCIAL RISK MANAGEMENT

The Company's principal financial instruments comprise sterling cash and bank deposits and inter-company loans, together with trade debtors and creditors arising from normal operations.

The Company's activities are not over exposed to interest rate risk as long-term financing is at an agreed fixed rate.

The Company has no exposure to price or currency risk as it has no equity investments or foreign currency balances.

Over time, some bad debt has accumulated, and this year, a provision was made for these outstanding amounts, which were subsequently written off. However, the credit risk associated with trade debtors remains minimal, as the majority of fees are funded by local authorities and the NHS. Additionally, instances of bad debt among private residents have been minimal.

KEY PERFORMANCE INDICATORS

1) Clinical quality risk

We are committed to the need to provide a consistent level of care. We have invested in a number of key areas to monitor care provision, including a specialist dementia team, clinical development nurses and a more rigorous programme of quality inspections. The business operates sophisticated levels of performance monitoring with regular reporting to senior management and the Board of any potential issues. In addition, a comprehensive programme of service audits is undertaken across all homes with reports and resulting action plans being the subject of comprehensive review. Perhaps most importantly, the Board encourages a culture of reporting any minor concerns from staff, residents and relatives, all of which are appropriately investigated. There is increased awareness of regulatory changes at Board level and regular briefing updates are being used to ensure appropriate knowledge transfer to staff throughout the business.

KPIs used:

- Regulatory compliance (both internal and external)

- Various indicators of clinical well-being; and

- Number of hours for staffing (employed and agency)

2) Health & Safety

We understand the need to provide a safe environment for our staff, residents, their guests or anyone else on our premises. Everyone in our business has accountability for health and safety, and they are given the necessary tools (including training, safety equipment and resources) to operate safely. Compliance is organised and monitored through a dedicated health and safety team across the business.

KPIs used:

- Notifiable accident frequency; and

- Accident statistics

3) Public spending policy

Continued pressure is being exerted to reduce Government and Local Authority spending, which is manifesting itself increasingly in the fees being paid for the care of funded residents not keeping pace with the increase to our cost base. To mitigate this, we undertake robust fee negotiations with the public sector and have a focus more on the provision of space to privately funded individuals.

KPIs used:

- Average fee rates; and

- Occupancy rates and mix

4) Employment of staff

Control over staffing costs whilst retaining the quality of care remains a high priority for the Company. In line with many others in the care sector, the company faced the challenges of retention and recruitment of its workforce in order to maintain safe staffing levels; in response to this competitive marketplace, the Company remains committed to paying a fair, above living wage rate to staff and to funding its programmes of employee engagement, training and development in an effort to reduce staff turnover and, therefore, its exposure to expensive agency costs which had impacted margins during the year.

Our business thrives on the skills and expertise of the staff we employ. The shortage of appropriate labour is a potential risk to the business, this is particularly acutely felt with the national shortage of qualified nursing staff. To mitigate this risk, the business has a proactive Human Resources and Recruitment team.

Continuity of service and care provided to residents is vitally important to the business. In order to ensure high quality care is provided is it is necessary for the business to employ well trained staff and to encourage strong staff retention. To ensure staff have appropriate skills, the business provides on-going statutory and mandatory training to all resident facing staff. Development opportunities are identified and promoted throughout the business to continue to develop staff and encourage staff retention.

In addition, the business has procedures in place to ensure continued compliance with regulations.

KPIs used:

- Staff turnover

- Staff training statistics; and

- Number of hours for staffing (employed and agency)

5) Cost base inflation

The principal costs for the successful operation of the business include staff costs, energy, and food. These areas are subject to on-going cost pressures in advance of inflation. To mitigate these areas, we have procurement processes to source energy and food at the best possible rates. We have a well organised operational structure to ensure that labour is employed as effectively as possible.

6) Occupancy

The inability to maintain and grow occupancy levels of both private and local authority funded residents is a potential risk to the business. To mitigate this risk, we proactively monitor and review occupancy levels.

KPIs used:

- Occupancy rates and mix; and

- Enquiry levels and conversion rates

FUTURE DEVELOPMENTS

The Group maintained steady trading throughout 2024/2025. Delivering high standards of care and sustaining profitability remain key priorities for the future. Our commitment to paying staff above the National Living Wage has increased our cost base and will continue to do so as wages rise in line with government commitments. Additionally, we anticipate ongoing inflationary pressures across our broader cost base in the short term.

Notwithstanding these trading pressures on our consistent quality care delivery, we are confident in the Group's continued further success. This includes the continuation of investment in the maintenance and enhancement of our existing estate as well as growing the business further through the opening of new, purpose-built premium care facilities.

ON BEHALF OF THE BOARD:

D J Q Slack - Director

19 December 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year is that of a holding company.

The principal activity of the Company's subsidiary undertakings (the "Group") is the operation of care homes with related care services. Chorlegh is a company domiciled in England and Wales.

DIVIDENDS

The total distribution of dividends for the year ended 31 March 2025 will be £443,990.

DIRECTORS

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

D J Q Slack

C H F Slack

Mrs H L Slack

DISCLOSURE IN THE STRATEGIC REPORT

The company has chosen in accordance with s.414C(11) Companies Act 2006 to set out in the group's strategic report information required by Schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 to be contained in the directors' report. It has done so in respect of future developments and financial risk management.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group and of 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 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

AUDITORS

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

ON BEHALF OF THE BOARD:

D J Q Slack - Director

19 December 2025

Opinion

We have audited the financial statements of Chorlegh Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated 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 group's and of the parent company 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; 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 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 and 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 directors are responsible for the other information. The other information comprises the information in the Group 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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 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 Statement of Directors' Responsibilities set out on page six, 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 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.

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:

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance including the design of the company's remuneration policies, key drivers for the directors' remuneration, bonus levels and performance targets;

- results of our enquiries of management and the board of directors about their own identification and assessment of the risks of irregularities;

- any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

- the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty.

Audit response to risks identified

Our procedure to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management and the board of directors concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

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.

Paul Wright (Senior Statutory Auditor)

for and on behalf of Allens Accountants Limited

Registered Auditors and

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

19 December 2025

TURNOVER

4

5,259,633

5,336,721

Cost of sales

3,452,879

3,533,734

GROSS PROFIT

1,806,754

1,802,987

Administrative expenses

1,313,326

1,261,945

OPERATING PROFIT

6

493,428

541,042

Interest receivable and similar income

146

3,896

493,574

544,938

Interest payable and similar expenses

7

182,060

148,675

PROFIT BEFORE TAXATION

311,514

396,263

Tax on profit

8

107,589

128,127

PROFIT FOR THE FINANCIAL YEAR

203,925

268,136

Profit attributable to:

Owners of the parent

203,925

268,136

PROFIT FOR THE YEAR

203,925

268,136

OTHER COMPREHENSIVE INCOME

Revaluation gains

Income tax relating to other comprehensive income

8,278

8,278

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

8,278

8,278

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

212,203

276,414

Total comprehensive income attributable to:

Owners of the parent

212,203

276,414

FIXED ASSETS

Intangible assets

11

137,566

155,128

Tangible assets

12

4,845,295

5,016,984

Investments

13

-

-

4,982,861

5,172,112

CURRENT ASSETS

Debtors

14

962,499

719,207

Cash at bank and in hand

117,439

535,362

1,079,938

1,254,569

CREDITORS

Amounts falling due within one year

15

1,148,961

1,081,431

NET CURRENT (LIABILITIES)/ASSETS

(69,023

)

173,138

TOTAL ASSETS LESS CURRENT LIABILITIES

4,913,838

5,345,250

CREDITORS

Amounts falling due after more than one year

16

(1,889,505

)

(2,065,842

)

PROVISIONS FOR LIABILITIES

19

(468,112

)

(491,400

)

NET ASSETS

2,556,221

2,788,008

CAPITAL AND RESERVES

Called up share capital

20

1,000

1,000

Revaluation reserve

21

1,188,078

1,212,911

Retained earnings

21

1,367,143

1,574,097

2,556,221

2,788,008

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:

D J Q Slack - Director

FIXED ASSETS

Intangible assets

11

-

-

Tangible assets

12

4,680,851

4,822,496

Investments

13

140,912

140,912

4,821,763

4,963,408

CURRENT ASSETS

Debtors

14

561,006

290,764

Cash at bank

-

41,465

561,006

332,229

CREDITORS

Amounts falling due within one year

15

694,928

482,974

NET CURRENT LIABILITIES

(133,922

)

(150,745

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,687,841

4,812,663

CREDITORS

Amounts falling due after more than one year

16

(1,889,505

)

(2,065,842

)

PROVISIONS FOR LIABILITIES

19

(444,135

)

(461,533

)

NET ASSETS

2,354,201

2,285,288

CAPITAL AND RESERVES

Called up share capital

20

1,000

1,000

Revaluation reserve

1,188,078

1,212,911

Retained earnings

1,165,123

1,071,377

2,354,201

2,285,288

Company's profit for the financial year

504,625

606,854

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:

D J Q Slack - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

1,000

1,747,007

1,237,744

2,985,751

Changes in equity

Dividends

-

(474,157

)

-

(474,157

)

Total comprehensive income

-

268,136

8,278

276,414

Revaluation transfer

-

33,111

(33,111

)

-

Balance at 31 March 2024

1,000

1,574,097

1,212,911

2,788,008

Changes in equity

Dividends

-

(443,990

)

-

(443,990

)

Total comprehensive income

-

203,925

8,278

212,203

Revaluation transfer

-

33,111

(33,111

)

-

Balance at 31 March 2025

1,000

1,367,143

1,188,078

2,556,221

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

1,000

905,569

1,237,744

2,144,313

Changes in equity

Dividends

-

(474,157

)

-

(474,157

)

Total comprehensive income

-

606,854

8,278

615,132

Revaluation transfer

-

33,111

(33,111

)

-

Balance at 31 March 2024

1,000

1,071,377

1,212,911

2,285,288

Changes in equity

Dividends

-

(443,990

)

-

(443,990

)

Total comprehensive income

-

504,625

8,278

512,903

Revaluation transfer

-

33,111

(33,111

)

-

Balance at 31 March 2025

1,000

1,165,123

1,188,078

2,354,201

Cash flows from operating activities

Cash generated from operations

1

816,820

1,450,114

Interest paid

(180,654

)

(148,605

)

Tax paid

(140,201

)

(252,589

)

Net cash from operating activities

495,965

1,048,920

Cash flows from investing activities

Purchase of tangible fixed assets

(21,703

)

(18,353

)

Cash paid/refunded for subsidiary

-

66,003

Interest received

146

3,896

Net cash from investing activities

(21,557

)

51,546

Cash flows from financing activities

Loan repayments in year

(182,093

)

(183,417

)

Other loans

-

54,342

Amount introduced by directors

294,994

-

Amount withdrawn by directors

(561,242

)

(113,905

)

Equity dividends paid

(443,990

)

(474,157

)

Net cash from financing activities

(892,331

)

(717,137

)

(Decrease)/increase in cash and cash equivalents

(417,923

)

383,329

Cash and cash equivalents at beginning of year

2

535,362

152,033

Cash and cash equivalents at end of year

2

117,439

535,362

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

31/3/25

31/3/24

£

£

Profit before taxation

311,514

396,263

Depreciation charges

210,954

209,875

Finance costs

182,060

148,675

Finance income

(146

)

(3,896

)

704,382

750,917

Decrease in trade and other debtors

23,925

543,636

Increase in trade and other creditors

88,513

155,561

Cash generated from operations

816,820

1,450,114

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

117,439

535,362

Year ended 31 March 2024

31/3/24

1/4/23

£

£

Cash and cash equivalents

535,362

152,033

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1/4/24

Cash flow

At 31/3/25

£

£

£

Net cash

Cash at bank and in hand

535,362

(417,923

)

117,439

535,362

(417,923

)

117,439

Debt

Debts falling due within 1 year

(76,496

)

272,004

195,508

Debts falling due after 1 year

(2,065,842

)

176,337

(1,889,505

)

(2,142,338

)

448,341

(1,693,997

)

Total

(1,606,976

)

30,418

(1,576,558

)