REGISTERED NUMBER: SC156102 (Scotland)

Financial Statements

for the Year Ended 31 March 2025

for

DORNOCH MEDICAL CARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L Blackwood

S Clarke-Kuehn

C J Moule

N Seymour

SECRETARY:

N Seymour

REGISTERED OFFICE:

Sanctuary House

7 Freeland Drive

Glasgow

G53 6PG

REGISTERED NUMBER:

SC156102 (Scotland)

AUDITORS:

Gravita Audit Western Limited

Chartered Accountants and Statutory Auditors

Bath House

6 - 8 Bath Street

Bristol

BS1 6HL

FIXED ASSETS

Tangible assets

4

-

1,434,579

CURRENT ASSETS

Debtors

5

1,566,868

39,632

Cash at bank

657,600

833,154

2,224,468

872,786

CREDITORS

Amounts falling due within one year

6

(1,411,420

)

(1,433,027

)

NET CURRENT ASSETS/(LIABILITIES)

813,048

(560,241

)

TOTAL ASSETS LESS CURRENT LIABILITIES

813,048

874,338

PROVISIONS FOR LIABILITIES

(24,832

)

(42,441

)

NET ASSETS

788,216

831,897

CAPITAL AND RESERVES

Called up share capital

110,000

110,000

Retained earnings

678,216

721,897

SHAREHOLDERS' FUNDS

788,216

831,897

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 January 2026 and were signed on its behalf by:

L Blackwood - Director

1.	COMPANY INFORMATION

Dornoch Medical Care Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The company's principal activities and nature of its operations are disclosed in the Directors' Report.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

Prior to the date of signing the financial statements, the directors had resolved to dissolve the company and transfer its operations to the parent entity. Accordingly, the financial statements have been prepared on a non-going concern basis. Assets are stated at the amounts expected to be realised on disposal and liabilities at the amounts expected to be settled. No costs directly attributable to the planned dissolution gave rise to a present obligation at the reporting date.

As part of a group-wide restructuring programme, the Care Inspectorate registration for the home transferred to Sanctuary Care in August 2025, after the reporting date. This represents the first step in transferring the trade and operations to Sanctuary Care. The company continues to operate as normal at the date of approval of these financial statements.

Significant judgements and estimates

In the application of the company's accounting policies, management 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, if the revision affects only that period, or in the period of the revision and future periods if 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 outlined below.

The amount of debts which are provided for is based on a percentage basis. Factors to determine this percentage include the funding source and the customer payment history. At 31 March 2025, £14 (2024 - £1,651) was provided for in respect of bad debts.

Revenue is deferred where it relates to residents' stays in the next financial period. This is calculated based on the proportion of income received relating to the period of stay in the next financial period. At 31 March 2025, £128,020 (2024 - £33,927) of income has been deferred based on this estimate.

Tangible assets are depreciated or amortised on the useful life of each category of asset. Estimates are made when determining the useful life of the asset. For the period ended 31 March 2025, depreciation of £68,248 (2024 - £62,229) was recognised.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business and is recognised on a time apportioned basis.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold land

Nil

Freehold buildings

25-50 years

Furniture, plant and equipment

5 years

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial assets

Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

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.

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.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 67 (2024 - 58 ) .

4.	TANGIBLE FIXED ASSETS

Furniture,

Freehold

plant &

property

equipment

Totals

£

£

£

COST

At 1 April 2024

1,642,270

657,517

2,299,787

Additions

22,240

14,537

36,777

Reclassification/transfer

(1,664,510

)

(672,054

)

(2,336,564

)

At 31 March 2025

-

-

-

DEPRECIATION

At 1 April 2024

375,851

489,357

865,208

Charge for year

36,033

32,215

68,248

Reclassification/transfer

(411,884

)

(521,572

)

(933,456

)

At 31 March 2025

-

-

-

NET BOOK VALUE

At 31 March 2025

-

-

-

At 31 March 2024

1,266,419

168,160

1,434,579

Included in cost of land and buildings is freehold land of £ 240,000 (2024 - £ 240,000 ) which is not depreciated.

Also included in the cost of land and buildings is the residual amount of £414,103 which also includes car park land. These amounts are non-depreciable.

Reclassification of Fixed Assets

Following the decision to hive up the company as part of a wider group restructuring, all fixed assets previously included within property, plant and equipment have been reclassified to Assets held for transfer at the reporting date.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

150,324

22,027

Assets held for transfer

1,403,108

-

Prepayments and accrued income

13,436

17,605

1,566,868

39,632

Assets Held for Transfer

As part of a planned group restructuring, the company’s fixed assets have been reclassified as assets held for transfer. In the absence of reliable external valuations or alternative measurement evidence, the directors believe that the carrying value represents the best estimate of their realisable value at the reporting date.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

44,735

114,227

Amounts owed to participating interests

959,262

964,952

Other creditors

12,793

57,791

Deferred income

128,020

33,927

Accrued expenses

266,610

262,130

1,411,420

1,433,027

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

The Report of the Auditors was unqualified.

Matthew Bracher BSc FCA (Senior Statutory Auditor)

for and on behalf of Gravita Audit Western Limited

8.	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 the parent company.

9.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Sanctuary Housing Association, a registered society incorporated in England and Wales. Group accounts may be obtained from the registered office at Chamber Court, Castle Street, Worcester, WR1 3ZQ.