REGISTERED NUMBER: 04189923 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BANGOR CENTRE FOR DEVELOPMENTAL

DISABILITIES LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Income Statement

10

Other Comprehensive Income

11

Balance Sheet

12

Statement of Changes in Equity

13

Notes to the Financial Statements

14

DIRECTORS:

Y A Loucopoulos

P N Ledgard

R Finney

J C McCooey

O R Platt

REGISTERED OFFICE:

54 - 56 Kinmel Street

Rhyl

Denbighshire

LL18 1AW

REGISTERED NUMBER:

04189923 (England and Wales)

AUDITORS:

Harold Sharp Limited

Statutory Auditors and Chartered Accountants

5 Brooklands Place

Brooklands Road

Sale

Cheshire

M33 3SD

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

REVIEW OF BUSINESS

Bangor Centre for Developmental Disabilities Limited trades as Procare Wales and is a registered provider of care and support services within the community. The company provides registered care home and community supported living services in Conwy and Denbighshire and is a multi-award winning organisation with a reputation and track record for quality. Head Office is based in Rhyl, Denbighshire and is governed by Care Inspectorate Wales (CIW).

Our focus is on providing high quality care services, delivered by expert staff to local individuals. Our aim is to ensure that families are kept close together and as such we will only offer services which we can manage fully within close geographical proximity.

The company currently runs two residential provisions which forms part of our Intensive Support Service which is outcome focussed in order to support individuals move on to community living options. The service is data driven and as such we are able to agree and target particular areas where people might be struggling in order to promote growth and development. We strive to support individuals to develop in order to enable them to live in the least restrictive environment possible.

Both provisions are Registered Care Homes under Care Inspectorate for Wales (CIW). They are registered for individuals with complex needs between the ages of 16 and 64 and can be for both men and women.

Plas Lorna is a care home located near Rhyll which has been extensively re-built, modernised and refurbished from its former status as a large nursing home. It is an 11 bedded home with 6 ensuite individual bedrooms on the ground floor of the main building and spacious communal areas and 5 self-contained single occupancy apartments with their own unique entrances.

Daniel House is a Residential placement in the village of Llanddulas, Abergele. The house consists of seven self-contained apartments. Five apartments are available for single occupancy and the other two apartments are available for dual occupancy. All apartments also have another sleepover room for staff supporting the individual(s). Overall Daniel House has the capacity to support nine individuals, male or female between the ages of 16-64. Typically though the majority of expected admissions will be 18 years old or more.

Individuals supported by the company typically come from within the North Wales area. Plas Lorna provides residential care and support for individuals with severe to mild learning disabilities. In addition, individuals may have associated complex needs such as autism, challenging behaviour and mental health needs. The basis for service delivery offered by the company is an individually tailored package of care and support jointly developed and monitored by professionals (and family) from the person's placing home authority and the company's own clinical group. This does not include individuals who require nursing care. The company will not provide emergency admissions, as all admissions are planned in consultation with the placing authority.

In continuing to provide these residential care services throughout the year, the company's turnover in the year to 31 March 2025 increase by 5% to £4,438,439 (2024: £4,231,080). The number of individuals benefitting from the company's residential care services as at 31 March 2025 was 18 (2024:18) out of the potential capacity of 19.

In the year to 31 March 2025, the company paid a dividend of £850,000 (2024: £850,000) to its parent company, Procare Wales Limited. As a result, the net assets of the company remained strong at £5,916,211 (2024: 6,120,048).

The company will continue to provide its residential care services into the future and is always looking for ways to support more individuals.

PRINCIPAL RISKS AND UNCERTAINTIES

Safeguarding the well-being of our individuals within all our services is of paramount importance and priority. Ensuring that all practices are always fully aligned with this priority responds to this principal risk. Significant investment in specialist training further ensures that all our employees are well equipped to provide the services provided and do so in a safe way for them too.

There continues to be high demand for our services, so financial risk is generally limited to inflationary pressures on wages and other costs. We enjoy strong relationships with our partners who pay the fees for the individuals' services and within this have constructive annual discussions about price rises to contribute towards this cost inflation.

The company benefits from being part of the Tristone Healthcare community of businesses and as such is provided long-term financial support if required.

ON BEHALF OF THE BOARD:

P N Ledgard - 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.

DIVIDENDS

An interim dividend of £425,000 per share was paid on 31 March 2025. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 March 2025 will be £ 850,000 .

DIRECTORS

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

Y A Loucopoulos

P N Ledgard

R Finney

J C McCooey

O R Platt

DISCLOSURE IN THE STRATEGIC REPORT

The directors have chosen to disclose certain information in the strategic report, including post balance sheet events, future developments, and engagement with employees.

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, Harold Sharp Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

P N Ledgard - Director

22 December 2025

Opinion

We have audited the financial statements of Bangor Centre for Developmental Disabilities Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, 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.

As part of our planning process:

- We enquired of management the systems and controls the company has in place, the areas of the financial statements that are mostly susceptible to the risk of irregularities and fraud, and whether there was any known, suspected or alleged fraud.

- We obtained an understanding of the legal and regulatory frameworks applicable to the company. We determined that the following were most relevant: FRS 102, Companies Act 2006, health and safety, and employment law.

- We considered the incentives and opportunities that exist in the company, including the extent of management bias, which present a potential for irregularities and fraud to be perpetuated, and tailored our risk assessment accordingly.

- Using our knowledge of the company, together with the discussions held with the company at the planning stage, we formed a conclusion on the risk of misstatement due to irregularities including fraud and tailored our procedures according to this risk assessment.

The key procedures we undertook to detect irregularities including fraud during the course of the audit included:

- Identifying and testing journal entries and the overall accounting records, in particular those that were significant and unusual.

- Reviewing the financial statement disclosures and determining whether accounting policies have been appropriately applied.

- Reviewing and challenging the assumptions and judgements used by management in their significant accounting estimates.

- Assessing the extent of compliance, or lack of, with the relevant laws and regulations in particular those that are central to the entities ability to continue in operation.

- Testing key revenue lines, in particular cut-off, for evidence of management bias.

- Performing a verification of key assets.

- Obtaining third-party confirmation of material bank balances.

- Documenting and verifying all significant related party balances and transactions.

- Reviewing documentation such as the company board minutes, correspondence with solicitors, for discussions of irregularities including fraud.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements even though we have properly planned and performed our audit in accordance with auditing standards. The primary responsibility for the prevention and detection of irregularities and fraud rests with the directors and management.

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.

Frederick Norman (Senior Statutory Auditor)

for and on behalf of Harold Sharp Limited

Statutory Auditors and Chartered Accountants

5 Brooklands Place

Brooklands Road

Sale

Cheshire

M33 3SD

22 December 2025

TURNOVER

4,438,439

4,231,080

Cost of sales

(3,262,894

)

(2,995,029

)

GROSS PROFIT

1,175,545

1,236,051

Administrative expenses

(530,584

)

(447,483

)

OPERATING PROFIT

644,961

788,568

Interest receivable and similar income

2

8

PROFIT BEFORE TAXATION

4

644,963

788,576

Tax on profit

5

1,200

38,359

PROFIT FOR THE FINANCIAL YEAR

646,163

826,935

PROFIT FOR THE YEAR

646,163

826,935

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

646,163

826,935

FIXED ASSETS

Tangible assets

7

4,601,275

4,703,294

CURRENT ASSETS

Debtors

8

1,968,570

1,965,827

Cash at bank and in hand

98,387

83,500

2,066,957

2,049,327

CREDITORS

Amounts falling due within one year

9

(285,009

)

(164,361

)

NET CURRENT ASSETS

1,781,948

1,884,966

TOTAL ASSETS LESS CURRENT LIABILITIES

6,383,223

6,588,260

PROVISIONS FOR LIABILITIES

11

(467,012

)

(468,212

)

NET ASSETS

5,916,211

6,120,048

CAPITAL AND RESERVES

Called up share capital

12

2

2

Revaluation reserve

13

1,281,188

1,318,324

Retained earnings

13

4,635,021

4,801,722

SHAREHOLDERS' FUNDS

5,916,211

6,120,048

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:

P N Ledgard - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

2

4,787,651

1,355,460

6,143,113

Changes in equity

Dividends

-

(850,000

)

-

(850,000

)

Total comprehensive income

-

864,071

(37,136

)

826,935

Balance at 31 March 2024

2

4,801,722

1,318,324

6,120,048

Changes in equity

Dividends

-

(850,000

)

-

(850,000

)

Total comprehensive income

-

683,299

(37,136

)

646,163

Balance at 31 March 2025

2

4,635,021

1,281,188

5,916,211

1.	STATUTORY INFORMATION

Bangor Centre for Developmental Disabilities Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04189923, and registered office address is 54 Kinmel Street, Rhyl, Denbighshire, LL18 1AR.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements represent the results of the individual entity. The functional and presentation currency is £ sterling.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Provisions

A provision is recognised in the balance sheet when the entity has a present legal or constructive obligation as a result of a past event, that can be reliably measured and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Trade debtors recoverability

Amounts recoverable on trade debtors are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses. The directors make estimates as to the recoverability of these debts and provide for them accordingly.

Carrying value of property

The company's properties are revalued on a regular basis by independent valuers. In between those valuations the directors make estimates with regards the valuation of properties to ensure that the carrying value is not materially different to market value.

Other accounting judgements and key sources of estimation uncertainty

Depreciation

Depreciation is provided over the estimated useful life of the asset. The directors make estimates as to the length of those useful lives.

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.

Freehold property

-

2% on cost

Improvements to property

-

25% on reducing balance

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Land and buildings are initially recognised at cost and subsequently carried at the revalued amount less accumulated impairment losses.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade debtors, other debtors, amounts due from group undertakings, amounts owed by related parties, directors' current accounts and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including bank loans and overdrafts, trade creditors, other creditors, amounts owed to related parties and accrued expenses that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

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.

Going concern

The financial statements have been prepared on a going concern basis. Based on internal forecasts and projections considering severe and plausible downside scenarios, prepared for the period to future periods that take in to account the principal risks and uncertainties facing the business and reasonably possible changes in the company's trading performance, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the next 12 months. Accordingly, the going concern basis has continued to be adopted in the preparation of the financial statements.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

2,760,136

2,596,138

Social security costs

254,329

227,012

Other pension costs

55,061

54,214

3,069,526

2,877,364

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

2025

2024

Employees

95

96

Directors

5

5

100

101

2025

2024

£

£

Directors' remuneration

-

-

4.	PROFIT BEFORE TAXATION

The profit is stated after charging:

2025

2024

£

£

Hire of plant and machinery

304

252

Depreciation - owned assets

109,786

106,974

The audit fee in respect of the company for the year ended 31 March 2025 was £5,000 (2024: £10,000). This fee was paid by Tristone Healthcare Limited and is disclosed in that company's financial statements.

5.

TAXATION

Analysis of the tax credit

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

2025

2024

£

£

Current tax:

UK corporation tax

-

(36,754

)

Deferred tax

(1,200

)

(1,605

)

Tax on profit

(1,200

)

(38,359

)

Reconciliation of total tax credit included in profit and loss

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

2025

2024

£

£

Profit before tax

644,963

788,576

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

161,241

197,144

Effects of:

Expenses not deductible for tax purposes

753

10,772

Depreciation in excess of capital allowances

27,258

16,052

Adjustments to tax charge in respect of previous periods

-

(43,572

)

Deferred tax movement

(1,200

)

(1,605

)

Group relief

(189,252

)

(217,150

)

Total tax credit

(1,200

)

(38,359

)

6.

DIVIDENDS

2025

2024

£

£

Ordinary shares of 1 each

Interim

850,000

850,000

7.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST OR VALUATION

At 1 April 2024

4,850,000

77,155

140,814

Additions

-

7,528

-

At 31 March 2025

4,850,000

84,683

140,814

DEPRECIATION

At 1 April 2024

194,000

54,523

124,104

Charge for year

97,000

7,234

3,342

At 31 March 2025

291,000

61,757

127,446

NET BOOK VALUE

At 31 March 2025

4,559,000

22,926

13,368

At 31 March 2024

4,656,000

22,632

16,710

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

26,259

17,361

5,111,589

Additions

-

239

7,767

At 31 March 2025

26,259

17,600

5,119,356

DEPRECIATION

At 1 April 2024

18,792

16,876

408,295

Charge for year

1,848

362

109,786

At 31 March 2025

20,640

17,238

518,081

NET BOOK VALUE

At 31 March 2025

5,619

362

4,601,275

At 31 March 2024

7,467

485

4,703,294

Freehold property was revalued as at 12 November 2020 to its fair value of £4,850,000 by Christie & Co, who are independent of the company and have experience of valuing similar properties. If freehold property were included in the balance sheet on an historical cost basis, then the carrying amount would be £2,813,613 including accumulated depreciation of £179,592.

At 31 March 2022 the freehold property was valued at £4,900,000 on an open market basis by Harry Torrance MRICS and Russell Lane FRICS, of Aitchison Raffety, who are independent of the company and have experience of valuing similar properties. At 31 March 2025, the directors consider that the open market value is not substantially different to the carrying value of £4,559,000.

Improvements to property, plant and machinery, motor vehicles and computer equipment are carried at cost at 31 March 2025.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

92,299

58,309

Amounts owed by group undertakings

1,823,611

1,742,279

Other debtors

(35,244

)

20,065

Tax

-

13,308

Prepayments and accrued income

87,904

131,866

1,968,570

1,965,827

Amounts owed by group undertakings are repayable on demand.

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

5,542

5,563

Tax

7,233

-

Social security and other taxes

120,733

75,717

Other creditors

24,371

27,232

Accruals and deferred income

127,130

55,849

285,009

164,361

Amounts owed to group undertakings are repayable on demand.