Churchfields Care Home Limited

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—7

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 April 2023	1,000	912,957	913,957
Profit for the year and total comprehensive income	-	366,373	366,373

As at 31 March 2024 and 1 April 2024	1,000	1,279,330	1,280,330


Profit for the year and total comprehensive income	-	170,371	170,371

As at 31 March 2025	1,000	1,449,701	1,450,701

1. General Information

Churchfields Care Homes Limited is a private company, limited by shares, incorporated in England & Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention.

The accounts are prepared in the in the company's functional currency of British Pounds (£) and rounded to the nearest £1.

Name of parent of group

These financial statements are consolidated in the financial statements of Premium Care Group Limited.

The financial statements of Premium Care Group Limited may be obtained from the registered office.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis.

2.3. Significant judgements and estimations

The principal accounting policies applied in the preparation of these financial statements are set out below.

The policies have been consistently applied to all years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

2.4. Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

- the amount of revenue can be reliably measured;

- it is probable that future economic benefits will flow to the entity;

- specific criteria have been met for each of the company's activities.

2.5. Tangible Fixed Assets and Depreciation

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Freehold	1% straight line
Plant & Machinery	15% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% and 8% reducing balance
Computer Equipment	15% reducing balance

Land

NIL

Page 4

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Churchfields Care Home Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

2.7. Taxation

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

Current and deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax rates that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

2.8. Pensions

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2.9. Government Grant

Grants relating to revenue are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. A grant which becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs is recognised as revenue in the period in which it becomes receivable.

2.10. Trade debtors and other debtors

Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

2.11. Trade creditors and other creditors

Creditors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

2.12. Cash and cash equivalents

Cash and cash equivalents comprise cash and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 53 (2024: 48)

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Churchfields Care Home Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 April 2024	2,207,542	393,407	41,775	469,744	3,112,468
Additions	-	-	8,000	-	8,000

As at 31 March 2025	2,207,542	393,407	49,775	469,744	3,120,468

Depreciation
As at 1 April 2024	141,046	209,612	28,971	234,075	613,704
Provided during the period	16,425	27,570	4,701	25,296	73,992

As at 31 March 2025	157,471	237,182	33,672	259,371	687,696

Net Book Value
As at 31 March 2025	2,050,071	156,225	16,103	210,373	2,432,772

As at 1 April 2024	2,066,496	183,795	12,804	235,669	2,498,764

Included within the net book value of land and buildings above is £2,050,071 (2024 - £2,066,496) in respect of freehold and buildings.

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	26,414	227,455
Other debtors	20,778	5,498

	47,192	232,953
Due after more than one year
Amounts owed by group undertakings	351,071	254,777

	398,263	487,730

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	33,483	28,478
Other creditors	212,796	325,148
Taxation and social security	39,638	32,186

	285,917	385,812

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Amounts owed to group undertakings	1,060,478	1,252,725

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Churchfields Care Home Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

9. Contingent Liabilities

Financial commitments, guarantees and contingencies

The company has given a guarantee by way of fixed and floating charge in respect of bank borrowings of Premium Care Homes, a related party.

The government grant received in the prior year relates to implementing the digital care plan platform and it is not refundable.

10. Pension Commitments

Assets of the company's pension scheme are held separately in an independently administered fund. As the financial reporting date the company had pension commitments of £5,061 (2024: £10,405).

11. Related Party Transactions

Summary of transactions with entities with joint control or significant interest

Debtors includes an amount of £351,071 (2024: £254,777) due from related parties.

Creditors includes an amount of £1,060,478 (2024: £1,252,725) due to related parties.

12. Ultimate Controlling Party

The company's immediate parent is Premium Care Homes Limited, incorporated in England.

The ultimate parent is Premium Care Group Limited, incorporated in England.

The parent of the largest group in which these financial statements are consolidated is Premium Care Group Limited.

13. Audit Information

The auditor's report on the accounts of Churchfields Care Home Limited for the year ended 31 March 2025 was unqualified.

The auditor's report was signed by Stephen Hunt (Senior Statutory Auditor) for and on behalf of Duncan & Toplis Audit Limited , Statutory Auditor.

Duncan & Toplis Audit Limited

3rd Floor Marlborough House

298 Regents Park Road

Finchley

London

N3 2SZ

Page 7

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,432,772		2,498,764

			2,432,772		2,498,764
CURRENT ASSETS
Stocks		8,214		8,214
Debtors	5	398,263		487,730
Cash at bank and in hand		154,924		25,561

		561,401		521,505
Creditors: Amounts Falling Due Within One Year	6	(285,917 )		(385,812 )

NET CURRENT ASSETS (LIABILITIES)			275,484		135,693

TOTAL ASSETS LESS CURRENT LIABILITIES			2,708,256		2,634,457

Creditors: Amounts Falling Due After More Than One Year	7		(1,060,478 )		(1,252,725 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(197,077 )		(101,402 )

NET ASSETS			1,450,701		1,280,330

CAPITAL AND RESERVES
Called up share capital	8		1,000		1,000
Profit and Loss Account			1,449,701		1,279,330

SHAREHOLDERS' FUNDS			1,450,701		1,280,330