REGISTERED NUMBER: 04403025 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

HAZELWOOD CARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M SINGH

TRIDENT DIRECTOR SERVICES (JERSEY) LIMITED

STRATEGIC MANAGEMENT LIMITED

REGISTERED OFFICE:

8b Accommodation Road

London

NW11 8ED

REGISTERED NUMBER:

04403025 (England and Wales)

AUDITORS:

AUDIT NETWORK LIMITED

Chartered Accountants & Statutory Auditors

23 Mountside

Stanmore

Middlesex

HA7 2DS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,587,797

2,334,508

1,587,797

2,334,508

CURRENT ASSETS

Stocks

2,000

3,000

Debtors

6

405,954

79,292

Cash at bank

363,454

304,162

771,408

386,454

CREDITORS

Amounts falling due within one year

7

289,215

286,509

NET CURRENT ASSETS

482,193

99,945

TOTAL ASSETS LESS CURRENT LIABILITIES

2,069,990

2,434,453

CREDITORS

Amounts falling due after more than one year

8

(822,664

)

(1,859,242

)

PROVISIONS FOR LIABILITIES

10

(189,215

)

(182,492

)

NET ASSETS

1,058,111

392,719

CAPITAL AND RESERVES

Called up share capital

100

100

Amounts owed to group

undertakings

11

835,660

835,660

Retained earnings

11

222,351

(443,041

)

SHAREHOLDERS' FUNDS

1,058,111

392,719

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

M SINGH - Director

1.	STATUTORY INFORMATION

HAZELWOOD CARE LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Preparation of consolidated financial statements

The company is a subsidiary of Hazelwood Invest Limited, incorporated in British Virgin Islands, and in accordance with Section 401 of the Companies Act 2006 is not required to produce consolidated accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. Care fees are recognised in the period in which they are utilised.

Goodwill

Positive purchased goodwill arising on acquisition is capitalised and amortised over its estimated maximum useful life of 10 years. This has now been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

Straight line over 50 years

Plant and machinery etc

-

25% on reducing balance and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stock of provisions and consumables are valued by the directors.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 64 (2024 - 64 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

613,264

Disposals

(90,000

)

At 31 March 2025

523,264

AMORTISATION

At 1 April 2024

613,264

Eliminated on disposal

(90,000

)

At 31 March 2025

523,264

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

2,799,016

383,723

3,182,739

Additions

-

11,437

11,437

Disposals

(906,358

)

(107,932

)

(1,014,290

)

At 31 March 2025

1,892,658

287,228

2,179,886

DEPRECIATION

At 1 April 2024

530,826

317,405

848,231

Charge for year

18,945

18,001

36,946

Eliminated on disposal

(190,906

)

(102,182

)

(293,088

)

At 31 March 2025

358,865

233,224

592,089

NET BOOK VALUE

At 31 March 2025

1,533,793

54,004

1,587,797

At 31 March 2024

2,268,190

66,318

2,334,508

Included in cost of land and buildings is freehold land of £ 1,322,826 (2024 - £ 1,322,826 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

25,937

DEPRECIATION

Charge for year

6,484

At 31 March 2025

6,484

NET BOOK VALUE

At 31 March 2025

19,453

At 31 March 2024

25,937

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

104,624

71,943

Other debtors

301,330

7,349

405,954

79,292

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

33,344

90,570

Hire purchase contracts

2,195

2,195

Trade creditors

95,973

93,995

Taxation and social security

76,643

79,511

Other creditors

81,060

20,238

289,215

286,509

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

805,968

1,840,499

Hire purchase contracts

16,696

18,743

822,664

1,859,242

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

672,592

1,478,219

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

839,312

1,931,069

The bank loan is repayable by monthly instalments and is secured by way of a charge over the company's freehold properties. The rate of interest is 1.1% above the Bank of England's base rate, subject to a minimum rate of 4%.

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Accelerated capital allowances

13,887

7,164

Roll-over relief claimed on sale of care-homes

175,328

175,328

189,215

182,492

Deferred

tax

£

Balance at 1 April 2024

182,492

Accelerated capital allowances

6,723

Balance at 31 March 2025

189,215

11.

RESERVES

Amounts

owed to

Retained

group

earnings

undertakings

Totals

£

£

£

At 1 April 2024

(443,041

)

835,660

392,619

Profit for the year

665,392

665,392

At 31 March 2025

222,351

835,660

1,058,011

The long term loan from the parent company is interest free and is subordinated in favour of the bank loan. This loan has been treated as equity capital due to its long-term nature. There are no circumstances under which the holding company would expect this loan to be repaid in the foreseeable future.

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

The Report of the Auditors was unqualified.

There is a loan from the holding company which due to its long-term nature has been treated as equity capital. There are no circumstances under which the holding company would expect this loan to be repaid in the foreseeable future.

KIANOUSH DADFARMA (Senior Statutory Auditor)

for and on behalf of AUDIT NETWORK LIMITED

13.	POST BALANCE SHEET EVENTS

One of the company's nursing home units was sold during the year but the completion did occur until 3 April 2025. This was considered as an adjusting event and treated as a sale at the yearend date.