REGISTERED NUMBER: 09337477 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Supported Living Infrastructure Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Hatzis

D R Wylde

REGISTERED OFFICE:

Cedar House

Abingdon Road

Tubney

Oxfordshire

OX13 5QQ

REGISTERED NUMBER:

09337477 (England and Wales)

FIXED ASSETS

Tangible assets

4

13,748,388

14,760,404

Investments

5

5,563,313

5,563,313

19,311,701

20,323,717

CURRENT ASSETS

Debtors

6

4,739,754

4,964,882

Cash at bank

88,012

179,381

4,827,766

5,144,263

CREDITORS

Amounts falling due within one year

7

11,737

491,507

NET CURRENT ASSETS

4,816,029

4,652,756

TOTAL ASSETS LESS CURRENT LIABILITIES

24,127,730

24,976,473

CREDITORS

Amounts falling due after more than one year

8

29,507,773

29,060,735

NET LIABILITIES

(5,380,043

)

(4,084,262

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(5,380,243

)

(4,084,462

)

(5,380,043

)

(4,084,262

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 18 December 2025 and were signed on its behalf by:

D R Wylde - Director

1.	STATUTORY INFORMATION

Supported Living Infrastructure Ltd 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 financial statements contain information about Supported Living Infrastructure Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates

The key assumption concerning the future and other key sources of estimation uncertainty at the report date that has a risk of causing material adjustment to the carrying amount of the loan creditor is future inflation rates.

The loan interest payable is subject to annual inflation indexation based on the Consumer Price Index ("CPI").

Steps have been taken to ensure that any risk associated with CPI linked cost is offset by similar adjustments to revenue.

Estimates and judgements are continually evaluated and based on historical experience, alongside independent forecasts, this is believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Interest income is recognised in the Profit and Loss Account using the effective interest method.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2024

15,661,788

Disposals

(929,781

)

At 31 March 2025

14,732,007

DEPRECIATION

At 1 April 2024

901,384

Charge for year

147,320

Eliminated on disposal

(65,085

)

At 31 March 2025

983,619

NET BOOK VALUE

At 31 March 2025

13,748,388

At 31 March 2024

14,760,404

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

5,563,313

NET BOOK VALUE

At 31 March 2025

5,563,313

At 31 March 2024

5,563,313

The company's investments at the Balance Sheet date in the share capital of companies include the following:

SL Propco A Ltd

Registered office: Cedar House, Abingdon Road, Tubney, OX13 5QQ

Nature of business: Provision of supported living facilities

%

Class of shares:

holding

Ordinary

100.00

31.3.25

31.3.24

£

£

Aggregate capital and reserves

100

100

SL Propco B Ltd

Registered office: Cedar House, Abingdon Road, Tubney, OX13 5QQ

Nature of business: Provision of supported living facilities

%

Class of shares:

holding

Ordinary

100.00

31.3.25

31.3.24

£

£

Aggregate capital and reserves

100

100

FPI Co 72 Ltd

Registered office: Cedar House, Abingdon Road, Tubney, OX13 5QQ

Nature of business: Provision of supported living facilities

%

Class of shares:

holding

Ordinary

100.00

31.3.25

31.3.24

£

£

Aggregate capital and reserves

196,184

130,884

Profit for the year

65,300

11,407

FPI Co 77 Ltd

Registered office: Cedar House, Abingdon Road, Tubney, OX13 5QQ

Nature of business: Provision of supported living facilities

%

Class of shares:

holding

Ordinary

100.00

31.3.25

31.3.24

£

£

Aggregate capital and reserves

(36,959

)

(59,456

)

Profit/(loss) for the year

22,496

(17,287

)

FPI Co 80 Ltd

Registered office: Cedar House, Abingdon Road, Tubney, OX13 5QQ

Nature of business: Provision of supported living facilities

%

Class of shares:

holding

Ordinary

100.00

31.3.25

31.3.24

£

£

Aggregate capital and reserves

388,481

325,177

Profit for the year

63,204

50,223

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

11,355

11,355

Amounts owed by group undertakings

4,644,547

4,847,674

Other debtors

83,852

105,853

4,739,754

4,964,882

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

11,737

491,507

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

29,507,773

29,060,735

There are unscheduled Mortgage Debentures, held by GCP Programme Funding 1 Limited, dated as follows:

7 October 2016, 7 October 2016, 7 October 2016, 7 October 2016, 23 November 2016, 29 November 2016, 12 December 2016, 14 December 2016, 1 February 2017, 9 March 2017, 28 March 2017, 25 April 2017, 14 July 2017, 18 July 2017, 18 July 2017, 21 August 2017, 25 August 2017, 10 October 2017, 10 October 2017, 13 October 2017, 17 October 2017, 18 October 2017, 23 October 2017, 25 October 2017, 10 November 2017, 17 November 2017, 20 November 2017, 7 December 2017, 20 December 2017, 20 December 2017, 28 February 2018.

All charges incorporate a fixed and floating charge over all property or undertakings of the company.

Charges covering specific property include:

29 November 2016 - 12 Third Avenue, Blackpool, FY4 2EU (Title number: LA442435)

14 December 2016 - 5 and 38 Mercator Close, Southampton, SO16 4HW (Title numbers: HP523442 and HP523442)

9 March 2017 - 9 Mercator Close, Southampton, SO16 4HW (Title number: HP523442)

28 March 2017 - 39 Barleycroft Lane, Dinnington, Sheffield, South Yorkshire, S25 2LE (Title number: SYK428425)

14 July 2017 - 1 Darlington Drive, Minster on Sea, Sheerness, ME12 3LF (Title number: K659990)

18 July 2017 - 302 Cottingham Road, Kingston upon Hull, HU6 8QA (title number: SS80676)

18 July 2017 - 12A Burdett Close, Stonehouse, Gloucestershire, GL10 2LS (Title number: part of Title number GR108893 and part of Title number GR395310); and 12B Burdett Close, Stonehouse, Gloucestershire, GL10 2LS (Title number: part of Title number GR108893 and part of Title number GR395310)

21 August 2017 - 7 Airedale Drive, Bridlington, YO16 6GL (Title number: HS224499)

25 August 2017 - 65, 67, 69 and 71 Peel Street, Maidstone, ME14 2BP (Title number: TT21434)

10 October 2017 - 95 Ferndale Road, Gravesend, DA12 5AE (Title number: K860099)

11 October 2017 - 14 Brandon Way, Kingswood, Hull HU7 3EL (Title number: HS220935)

13 October 2017 - 152 Stanbury Road, Kingston upon Hull, HU6 7BW (Title number: HS53804)

17 October 2017 - 65 Parrock Street, Gravesend and parking spaces, DA12 1HF (Title number: K914779)

18 October 2017 - 15 Wisteria Way, Kingston upon Hull, HU8 9WA (Title number: HS272624).

23 October 2017 - 15 Danbury Down, Basildon, SS14 2TB (Title number: EX295988)

25 October 2017 - 125 Talmead Road, Herne Bay, CT6 6NW (Title number: K986632)

10 November 2017 - 49A Queen Street, Thorne, Doncaster, DN8 5AA (Title number:SYK362467)

17 November 2017 - 7 Harrison Mews, Beverley, HU17 0FS (Title number: YEA74160)

20 November 2017 - 9 Stanbury Road, Kingston upon Hull, HU6 7BU (Title number: HS37386)

7 December 2017 - 292 Cottingham Road, Kingston upon Hull, HU6 8QA (Title number: HS50529)

20 December 2017 - 188 Cannon Hill Lane, London, SW20 9BY (Title number: SGL134038)

20 December 2017 - 14 Portland Road, Gravesend, DA12 1DL and, land and garage lying to the west of Windmill Street, Gravesend and garage number 6, lying to the south of Portland Road, Gravesend (Title numbers: K64601, K86071 and K529209)

28 February 2018 - Thorn Tree Farm, Stokesley, TS9 5LB, land at Thorntree Farm, Stokesley and land on the north side of Thorn tree Farm, Busby, Middlesbrough (Title numbers: NYK284107, NYK322895 and NYK415141)

4 May 2018 - 29 Loch Lomond, Peterborough, PE2 6SU (Title number: CB389049)

9 May 2018 - 3 Litchford Road, New Milton, Hampshire, BH25 5BQ (Title number: HP537151)

11 May 2018 - 12 Greville Road, Hedon, Hull, HU12 8DP (Title number: HS108655)

11 May 2018 - 16 Wiltie Gardens, Folkestone, Kent, CT19 5AX (Title number: K757879)

14 May 2018 - 13 Jefferstone Lane, St Mary's Bay, Romney Marsh, TN29 0SW (Title number: K611045)

14 May 2018 - 7 The Saltings, Littlestone, New Romney, TN28 8AE (Title number: K714489)

12 July 2018 - 148 Medeswell, Orton, Malbourne, Peterborough, PE2 5PD (Title number: CB79278)

18 July 2018 - 15 Narrabeen Road, Folkestone, Kent, CT19 4DD (Title number: K94423)

17 September 2018 - 30, 32, 34, 36, 38 Dengayne, Basildon, Essex, SS14 1QG (Title number: EX704379)

2 October 2018 - 24 Norton Road, Ingatestone, Brentwood, Essex, CM4 0AB (Title number: EX944512)

16 November 2018 - 11, 11A, 12, 18, 19, 20, 27 and 28 Goldlay Gardens, Chelmsford, Essex, CM2 0EW (Title number: EX749492)

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.