Premium Care Homes Limited

	Page
Strategic Report	1
Director's Report	2—3
Independent Auditor's Report	4—6
Profit and Loss Account	7
Statement of Comprehensive Income	8
Balance Sheet	9
Statement of Changes in Equity	10
Notes to the Financial Statements	11—16

The director presents his strategic report for the year ended 31 March 2025.

Principal Activity

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

No dividends were distributed for the year ended 31 March 2025.

Review of the Business

The company has two wholly owned subsidiaries, Churchfields Care Home Limited ("Churchfields"), and GJR (Healthcare) Limited ("GJR") who in turn holds a subsidiary, Rosebank Nursing Homes Limited ("Rosebank").

Churchfields and Rosebank both own and operate care homes.

Churchfields and Rosebank currently operate 5 care homes.

The Managing Director is pleased with the results and forecasts for the company and its subsidiaries, and expect the position of the company and its subsidiaries to continue to improve significantly in the future.

As a holding company there are no Key Performance Indicators (KPI's) for the company.

Principal Risks and Uncertainties

The company's principal risks and uncertainties which affect the business and financial performance are regularly reviewed.

The company's principal financial instruments comprise loan and other finance facilities. The main purpose of these financial instruments is to fund the company's operations as well as to manage working capital and liquidity.

The director continue to assess the risk facing the company and its subsidiaries in both securing new business and maintaining existing relationships key to the group's future.

Future Developments

The company continues to improve its financial performance, with main focus on improvement of occupancy levels and tight controls on spending.

On behalf of the board

Mr R Adams

Director

19/12/2025

Page 1

Page 2

Premium Care Homes Limited

Company No. 13728109

Director's Report For The Year Ended 31 March 2025

Director's Report

The director presents his report and the financial statements for the year ended 31 March 2025.

Financial Instruments

Objectives and policies

Price risk, credit risk, liquidity risk and cash flow risk

The main financial risks to which the company and its subsidiaries have exposure, are interest rate, liquidity, credit risk and competition. The company and its subsidiaries senior management oversees the management of these risks.

Interest rate risk

The company's borrowings include loans which have interest that vary with the base rate. The company and its subsidiaries has taken the decision to accept the risk of increased interest charges on these loans resulting from an increase to interest rates and does not intend to change this policy in the immediate future. Other loans have fixed interest rates to reduce risk of future changes.

Liquidity risk

Whilst ensuring sufficient liquid resources to meet its business operating needs, the company and its subsidiaries manages its cash flow and borrowing requirements in the best way possible so as to minimise interest expenditure.

Credit risk

The company and its subsidiaries trade debtors are reviewed on a regular basis and provision for doubtful debts is made when necessary.

Price risk

Expenditure made by the company and its subsidiaries is authorised by management prior to it being made so as to ensure the best prices are being paid for the required goods and services.

Changes in legislation

The company and its subsidiaries monitor changes in legislation that could affect their industry and adapts its policies accordingly.

Competition

The company and its subsidiaries main competitors are other care homes.

Directors

The director who held office during the year were as follows:

R Adams

R Sideras (resigned 1 October 2024)

Matters covered in the Strategic Report

Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the director consider them to be of strategic importance to the business.

Statement of Director's Responsibilities

The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director 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 the financial statements the director is required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is 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. He is 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.

Page 2

Page 3

Premium Care Homes Limited

Director's Report (continued)

For The Year Ended 31 March 2025

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

The director has taken steps that ought to have taken as a director in order to make aware of any relevant audit information and to establish that the company's auditors are aware of that information. The director confirms that there is no relevant information that of and of which the auditors are unaware.

On behalf of the board

Mr R Adams

Director

19/12/2025

Page 3

Page 4

Independent Auditor's Report

to the Members of

Premium Care Homes Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Premium Care Homes Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

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/(loss) 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 Auditor's 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 director's 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 entity's ability to continue as a going concern for a period of at least 12 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 sponsible for the other information. The other information comprises the information in the Directors Report, but does not include the financial statements and our Independent Auditors Report 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 here is a material misstatement of the 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 Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

Page 4

Page 5

Independent Auditor's Report (continued)

to the Members of

Premium Care Homes Limited

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 Director's Report.

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

adequate accounting records have not been kept, 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 or returns; or
certain disclosures of director's 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 Director's Responsibilities Statement set out on page 2—3, the director is 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 director determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is 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.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue 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:

We have identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial experience, knowledge of the sector, a review of regulatory and legal correspondence and through discussions with Directors and other management obtained as part of the work required by auditing standards. We have also discussed with the Directors and other management the policies and procedures relating to compliance with laws and regulations. We communicated laws and regulations throughout the team and remained alert to any indications of non-compliance throughout the audit.

The potential impact of different laws and regulations varies considerably. Firstly, the company is subject to laws and regulations that directly impact the financial statements (for example financial reporting legislation) and we have assessed the extent of compliance with such laws as part of our financial statements audit. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including risk of override of controls) and determined that the principal risks were related to management bias in accounting estimates and judgemental areas of the financial statements such as depreciation of fixed assets, as well as the risk of inappropriate journal entries to increase reported profitability. Audit procedures performed by the engagement team included the identification and testing of material and unusual journal entries and challenging management on key accounting estimates, assumptions and judgements made in the preparation of the financial statements. We carried out detailed substantive tests on accounting estimates, including reviewing the methods used by management to make those estimates, re-performing the calculation, and reviewing the outcome of prior year estimates.

Secondly, the company is subject to other laws and regulations where the consequence for non-compliance could have a material effect on the amounts or disclosures in the financial statements. We identified the following areas as those most likely to have such an effect: Health and Safety regulations and Employment laws. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Directors and other management and inspection. Through these procedures, if we became aware of any non-compliance, we considered the impact on the procedures performed on the related financial statement items.

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.

Page 5

Page 6

Independent Auditor's Report (continued)

to the Members of

Premium Care Homes Limited

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 that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Stephen Hunt FCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited , Statutory Auditor

22/12/2025

Duncan & Toplis Audit Limited

3rd Floor Marlborough House

298 Regents Park Road,

Finchley

London

N3 2SZ

Page 6

Page 7

Premium Care Homes Limited

Profit and Loss Account

For The Year Ended 31 March 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER		-	-

GROSS PROFIT		-	-

Administrative expenses		(27,845 )	(17,822 )

OPERATING LOSS		(27,845 )	(17,822 )
Interest payable and similar charges	5	(293,189 )	(780,777 )

LOSS BEFORE TAXATION		(321,034 )	(798,599 )
Tax on Loss	6	170,174	-

LOSS AFTER TAXATION BEING LOSS FOR THE FINANCIAL YEAR		(150,860 )	(798,599 )

The notes on pages 11 to 15 form part of these financial statements.

Page 7

Page 8

Premium Care Homes Limited

Statement of Comprehensive Income

For The Year Ended 31 March 2025

Statement of Comprehensive Income

	2025	2024
	£	£
LOSS FOR THE FINANCIAL YEAR	(150,860 )	(798,599 )
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	(150,860 )	(798,599 )

Page 8

Page 9

Premium Care Homes Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 13728109

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	7		4,958,121		4,958,121

			4,958,121		4,958,121
CURRENT ASSETS
Debtors	8	11,712,459		4,575,346
Cash at bank and in hand		58,684		34,728

		11,771,143		4,610,074
Creditors: Amounts Falling Due Within One Year	9	(1,944,430 )		(407,766 )

NET CURRENT ASSETS (LIABILITIES)			9,826,713		4,202,308

TOTAL ASSETS LESS CURRENT LIABILITIES			14,784,834		9,160,429

Creditors: Amounts Falling Due After More Than One Year	10		(16,178,534 )		(10,403,269 )

NET LIABILITIES			(1,393,700 )		(1,242,840 )

CAPITAL AND RESERVES
Called up share capital	12		100		100
Profit and Loss Account			(1,393,800 )		(1,242,940 )

SHAREHOLDERS' FUNDS			(1,393,700)		(1,242,840)

The financial statements were approved by the director, authorised for issue, and were signed by:

Mr R Adams

Director

19/12/2025

The notes on pages 11 to 15 form part of these financial statements.

Page 9

Page 10

Premium Care Homes Limited

Statement of Changes in Equity

For The Year Ended 31 March 2025

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 April 2023	100	(444,341 )	(444,241)
Loss for the year and total comprehensive income	-	(798,599 )	(798,599)

As at 31 March 2024 and 1 April 2024	100	(1,242,940 )	(1,242,840)


Loss for the year and total comprehensive income	-	(150,860 )	(150,860)

As at 31 March 2025	100	(1,393,800 )	(1,393,700)

Page 10

Page 11

Premium Care Homes Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Premium Care Homes Limited is a private company, limited by shares, incorporated in England & Wales. The companies 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 using the historical cost convention.

The accounts are prepared 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.

Group accounts not prepared

The company has not prepared consolidated accounts as it is included accounts of its ultimate parent undertaking.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis which is dependent upon the continuing financial support of loan creditors, fellow group companies and companies under common control.

During the year, the subsidiaries continued to invest significant sums to upgrade, repair and modernise the homes with the strategy to improve profitability and maximise returns for the group.

The subsidiaries made a satisfactory profit in the period under review, and the forecasts for the next 18 months show further improvements to occupancy levels, increasing revenues and profits which are expected to continue.

The company made a loss before taxation of £321,034 in the period under review and had net liabilities of £1,393,700 mainly due to finance costs in respect of loans to acquire the subsidiaries, which have to date funded by financial support from bank and other borrowings, including group companies. It is anticipated that the company will report profits and a positive net asset position in the near future by the receipt of dividends from the subsidiaries.

The directors, therefore, consider the going concern basis to be appropriate.

2.3. Significant judgements and estimations

Summary of significant accounting policies and key accounting estimates

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

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

2.4. Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method.

Dividends on equity securities are recognised in income when receivable.

2.5. Cash and Cash Equivalents

Cash and cash equivalents comprise cash on hand and all 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.

Page 11

Page 12

Premium Care Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. 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.

2.7. Trade debtors and other debtors

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

2.8. 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.

2.9. Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortisede cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	2,600	2,500

4. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	1	2

	1	2

Page 12

Page 13

Premium Care Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	293,189	780,777

6. Tax on Profit

	Tax Rate		2025	2024
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	-	-
Deferred Tax
Deferred taxation			(170,174 )	-


Total tax charge for the period			(170,174 )	-


The actual credit for the year can be reconciled to the expected credit for the year based on the loss and the standard rate of corporation tax as follows:
			2025	2024
			£	£
Profit before tax			(321,034)	(798,599)

Tax on profit at 25% (UK standard rate)			(80,259 )	(199,650 )
Tax losses utilised			80,259	199,650
Deferred tax from unrecognised timing difference from a prior period			(170,174 )	-

Total tax charge for the period			(170,174)	-

7. Investments

	Subsidiaries
	£
Cost
As at 1 April 2024	4,958,121

As at 31 March 2025	4,958,121

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	4,958,121

As at 1 April 2024	4,958,121

Investments

	2025	2024
	£	£
Investments in subsidiaries	4,958,121	£4,958,121

Details of undertakings

...CONTINUED

Page 13

Page 14

Premium Care Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Investments - continued

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as

follows:

Subsidiary undertakings

Undertaking	Registered office	Holding	Proportion of voting rights and shares held 2025 2024
Churchfields Care Home Limited	England	Ordinary shares	100%	100%
GJR (Healthcare) Limited	England	Ordinary shares	100%	100%
Rosebank Nursing Homes Limited	England	Ordinary shares	100%	100%

Subsidiary undertakings

Churchfields Care Home Limited

The principal activity of Churchfields Care Home Limited is that of the operation of a residential care and nursing home.

GJR (Healthcare) Limited

The principal activity of GJR (Healthcare) Limited is that of a holding company to a care home subsidiary.

Rosebank Nursing Homes Limited

The principal activity of Rosebank Nursing Homes Limited is that of the operation of a residential care and nursing homes.

This company is a subsidiary of GJR (Healthcare) Limited.

8. Debtors

	2025	2024
	£	£
Due after more than one year
Amounts owed by group undertakings	11,542,285	4,575,346
Other debtors	170,174	-

	11,712,459	4,575,346

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	209,634	-
Other loans	1,726,137	350,000
Accruals and deferred income	8,659	57,766

	1,944,430	407,766

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

	2025	2024
	£	£
Bank loans	7,702,766	4,000,000
Other loans	7,658,021	5,628,921
Amounts owed to group undertakings	817,747	774,348

	16,178,534	10,403,269

Page 14

Page 15

Premium Care Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	209,634	-
Other loans	1,726,137	350,000

	1,935,771	350,000

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	7,702,766	4,000,000
Other loans	7,658,021	5,628,921

	15,360,787	9,628,921

12. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

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.

13. Related Party Disclosures

Summary of transactions with entities with joint control or significant interest

Debtors includes an amount of £11,542,285 (2024: £4,575,346) due from related parties.

Creditors includes an amount of £10,202,539 (2024: £6,753,269) due to related parties. The interest paid to related parties is NIL (2024: £341,103).

14. Controlling Parties

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

15. Loans and borrowings

Bank borrowings

Bank borrowings is denominated in Pounds (£) with a nominal interest rate of Sterling Over Night Indexed Average (SONIA) rate plus 2%. 1st bank loan carrying amount is £3,832,400 (2024 - £4,000,000) and the final instalment due on 22 March 2040.

2nd bank loan carrying amount is £4,080,000 (2024 - NIL) and the final instalment on 01 November 2039.

The bank borrowing is secured by a fixed and floating charge over the company and its subsidiaries assets.

Other borrowings

1st loan is denominated in Pounds (£) with a nominal interest rate of 5%, and the final instalment is due on 21 June 2025. The carrying amount at year end is £898,697 (2024 - £898,697).

2nd loan is denominated in Pounds (£) with a nominal interest rate of 5%, and the final instalment is due on 30 October 2025. The carrying amount at year end is £477,440 (2024 - £477,440).

3rd loan is denominated in Pounds (£) with a nominal interest rate of 5%, and the final instalment is due on 14 July 2026. The carrying amount at year end is £1,500,000 (2024 - £1,500,000).

4th Loan is denominated in Pounds (£) with a nominal interest rate of 7.5%, and the final instalment is due on 31 May 2026. The carrying amount at year end is £2,016,414 (2024 - £Nil).

5th loan is denominated in Pounds (£) with a nominal interest rate of 7.5%, and the final instalment is due on 11 April 2025. The carrying amount at year end is £350,000 (2024 - £Nil).

...CONTINUED

Page 15

Page 16

Premium Care Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6th loan is denominated in Pounds (£) with a nominal interest rate of 7.5%, and the final instalment is due on 5 June 2026. The carrying amount at year end is £600,000 (2024 - £Nil).

7th loan is denominated in Pounds (£) with a nominal interest rate of 7%, and the final instalment is due on 20 November 2027. The carrying amount at year end is £700,000 (2024 - £Nil).

8th loan is denominated in Pounds (£) with a nominal interest rate of 7%, and the final instalment is due on 10 December 2027. The carrying amount at year end is £2,705,236 (2024 - £Nil).

Page 16