Rosebank Nursing Homes Limited

	Page
Company Information	1
Balance Sheet	2—3
Statement of Changes in Equity	4
Notes to the Financial Statements	5—9

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Page 2

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 04107119

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		210,001		245,000
Tangible Assets	5		927,103		888,314

			1,137,104		1,133,314
CURRENT ASSETS
Stocks	6	13,785		13,785
Debtors	7	3,400,499		3,400,153
Cash at bank and in hand		1,033,231		107,502

		4,447,515		3,521,440
Creditors: Amounts Falling Due Within One Year	8	(782,104 )		(871,343 )

NET CURRENT ASSETS (LIABILITIES)			3,665,411		2,650,097

TOTAL ASSETS LESS CURRENT LIABILITIES			4,802,515		3,783,411

Creditors: Amounts Falling Due After More Than One Year	9		(1,335,208 )		(1,381,553 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(186,786 )		(86,983 )

NET ASSETS			3,280,521		2,314,875

CAPITAL AND RESERVES
Called up share capital	10		1,000		1,000
Profit and Loss Account			3,279,521		2,313,875

SHAREHOLDERS' FUNDS			3,280,521		2,314,875

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Rosebank Nursing Homes Limited

Balance Sheet (continued)

As At 31 March 2025

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

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 5 to 9 form part of these financial statements.

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Rosebank Nursing 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	1,000	1,980,135	1,981,135
Profit for the year and total comprehensive income	-	333,740	333,740

As at 31 March 2024 and 1 April 2024	1,000	2,313,875	2,314,875


Profit for the year and total comprehensive income	-	965,646	965,646

As at 31 March 2025	1,000	3,279,521	3,280,521

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Rosebank Nursing Homes Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Rosebank Nursing 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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost acquisition over the company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Assets class	Amortisation method and rate
Goodwill	Over 10 years

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Rosebank Nursing Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. 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

2.7. 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.

2.8. 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.

2.9. Pensions

Defined contribution pension obligation

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.

2.10. 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.

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Rosebank Nursing Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.11. 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.

2.12. 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.

2.13. Cash and cash equivalents

Cash and cash equivalents comprise cash on hand 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: 141 (2024: 107)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	350,000
Additions	2

As at 31 March 2025	350,002

Amortisation
As at 1 April 2024	105,000
Provided during the period	35,001

As at 31 March 2025	140,001

Net Book Value
As at 31 March 2025	210,001

As at 1 April 2024	245,000

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 April 2024	836,857	123,013	28,495	329,759	1,318,124
Additions	70,554	1,588	15,200	-	87,342

As at 31 March 2025	907,411	124,601	43,695	329,759	1,405,466

Depreciation
As at 1 April 2024	197,039	88,803	13,803	130,165	429,810
Provided during the period	6,669	5,190	6,755	29,939	48,553

As at 31 March 2025	203,708	93,993	20,558	160,104	478,363

Net Book Value
As at 31 March 2025	703,703	30,608	23,137	169,655	927,103

As at 1 April 2024	639,818	34,210	14,692	199,594	888,314

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Rosebank Nursing Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Stocks

	2025	2024
	£	£
Stock	13,785	13,785

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	131,109	478,265
Other debtors	58,290	50,338

	189,399	528,603
Due after more than one year
Amounts owed by group undertakings	3,211,100	2,871,550

	3,400,499	3,400,153

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	93,747	89,473
Other creditors	607,973	732,579
Taxation and social security	80,384	49,291

	782,104	871,343

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

	2025	2024
	£	£
Amounts owed to group undertakings	1,335,208	1,381,553

10. 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.

11. Contingent Liabilities

Financial commitments, guarantees and contingencies

The total amount of financial commitments not included in the balance sheet is £429,225 (2024: £337,250)

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.

12. 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 £14,558 (2024: £5,423).

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Rosebank Nursing Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

13. Related Party Transactions

Creditors includes an amount of £1,335,208 (2024: £1,381,553) due to related parties.

Debtors includes an amount of £3,211,100 (2024: £2,871,550) due from related parties.

14. Ultimate Parent Undertaking and Controlling Party

The company's immediate parent is GJR (Healthcare) Limited, incorporated in England.

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

15. Audit Information

The auditor's report on the accounts of Rosebank Nursing Homes Limited for the year ended 31 March 2025 was unqualified.

The auditor's report was signed by Stephen Hunt FCA , Statutory Auditor.

Duncan & Toplis Audit Limited, Statutory Auditor

3rd Floor Marlborough House

298 Regents Park Road,

Finchley

London

N3 2SZ

Page 9

Director	Mr R Adams

Company Number	04107119

Registered Office	3rd Floor Marlborough House
	298 Regents Park Road,
	Finchley
	London
	N3 2SZ

Business	116 High Street
	Epping
	Essex
	CM16 4AF

Auditors	Duncan & Toplis Audit Limited, Statutory Auditor
	3rd Floor Marlborough House
	298 Regents Park Road,
	Finchley
	London
	N3 2SZ