REGISTERED NUMBER: 14661292 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

TRISTONE HEALTHCARE PROPERTIES LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

1,315,965

1,343,145

CURRENT ASSETS

Cash at bank

22,464

8,190

CREDITORS

Amounts falling due within one year

5

460,198

446,976

NET CURRENT LIABILITIES

(437,734

)

(438,786

)

TOTAL ASSETS LESS CURRENT LIABILITIES

878,231

904,359

CREDITORS

Amounts falling due after more than one year

6

949,800

931,850

NET LIABILITIES

(71,569

)

(27,491

)

RESERVES

Retained earnings

(71,569

)

(27,491

)

(71,569

)

(27,491

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

P N Ledgard - Director

1.	STATUTORY INFORMATION

Tristone Healthcare Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

14661292

Registered office:

5 Brooklands Place

Brooklands Road

Sale

Cheshire

M33 3SD

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2024

and 31 March 2025

1,359,000

DEPRECIATION

At 1 April 2024

15,855

Charge for year

27,180

At 31 March 2025

43,035

NET BOOK VALUE

At 31 March 2025

1,315,965

At 31 March 2024

1,343,145

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

439,623

438,751

Other creditors

20,575

8,225

460,198

446,976

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,010,000

1,010,000

Other creditors

(60,200

)

(78,150

)

949,800

931,850

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,010,000

1,010,000

Finance costs

(60,200

)

(78,150

)

949,800

931,850

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Frederick Norman (Senior Statutory Auditor)

for and on behalf of Harold Sharp Limited

8.	RELATED PARTY DISCLOSURES

At the 31 March 2025, the company owed £90,623 (2024: £89,751) to Tristone Healthcare Limited, its immediate parent company. The company paid £84,450 (2024:£49,263) in management charges to this entity during the year.

At the 31 March 2025, the company owed £160,000 (2024: £160,000) to Seaside Care Homes Limited, a subsidiary entity within the group.

At the 31 March 2025, the company owed £189,000 (2024: £189,000) to Beyond Limits (Plymouth) Limited, a subsidiary entity within the group.

9.	ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Tristone Healthcare Limited and its ultimate parent company is Tristone Capital Ltd, whose registered office is 5 Brooklands Place, Brooklands Road, Sale, Cheshire, M33 3SD. Consolidated financial statements can be obtained at Companies House, Crown Way, Cardiff, CF14 3UZ.