REGISTERED NUMBER: SC472149 (Scotland)

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

GLENBERVIE HOLDINGS LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

DIRECTORS:

G A Hendry

A Hendry

REGISTERED OFFICE:

Carrondale Care Home

86 Beaumont Drive

Falkirk

FK2 8SN

REGISTERED NUMBER:

SC472149 (Scotland)

AUDITORS:

S&W Audit

Statutory Auditor

Chartered Accountants

Q Court

3 Quality Street

Edinburgh

EH4 5BP

BANKERS:

Barclays Bank Plc

Unit 2, 10-15 Princes Street

Edinburgh

EH2 2AN

The directors present their strategic report for the year ended 30 April 2025.

REVIEW OF BUSINESS

Glenbervie Holdings is paid an annual fee of £150,000 by Glenbervie Care Ltd. As a result the income is the same this year as it was the previous financial year. There has been a significant increase in the profit due to a revaluation of the property and this is reflected in the audited accounts.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks and uncertainties are the same as those for Glenbervie Care Ltd as the annual fee (and only income) for Glenbervie Holdings comes from Glenbervie Care Ltd. These are listed and discussed below.

Poor Funding

Continues to be an issue. The settlement for this financial year made in April 2024 was 6.7%. Once again this covers wage increases stipulated in the NCHC agreement but does not address increase in overhead costs. This has been the case for a decade and support of the Scottish Care Members for the National Care Home Contract is waning.

Again there has been no further progress on the cost of care calculator which Scottish Care argue would calculate the true cost of care. The Scottish Government continue to say that the increase to the NCHC is the responsibility of COSLA and COSLA continue to say that they are underfunded by the Scottish Government. It is clear the Scottish Government must be involved in the process but there is no real indication of that happening. The focus of the Scottish Government is clearly the NHS and it would appear they do not see the Social Care Sector is an important part of the Health System allowing people who require care at Home or residence in a care facility to move out of hospital and reduce bed-blocking in NHS hospitals.

Recruitment

Recruitment continues to be extremely challenging. There are the usual battles between staff pay for retail and supermarket outlets and the better NHS pay for domestics and care assistants which make recruitment very difficult.

There are also more and more agencies appearing and they are taking staff from care homes. They pay staff more and in turn charge care homes at least 50% more per hour if they use agency staff. The whole agency industry is not well regulated by the Care Inspectorate and this needs to be addressed.

We continue to bolster our recruitment by hiring employees from overseas. This is a complicated and costly process and requires a great deal of administration. As already mentioned the UK Government Home Office changes to immigration have made this process more difficult in there desire to reduce immigration numbers. This has not been matched by any initiatives to help social care recruit local staff and so this will put an increased strain on care home recruitment.

Increasing costs

We have been subject to cost of living increases caused by rising inflation as have most businesses and individuals. Our energy costs, however, have decreased and we have engaged in a longer contract as the energy prices decreased in order to give some stability to costs.

We have been subject to increasing interest charges as interest rates have risen which does put a financial strain on the business. Interest rates continue to rise which has increased our interest charges. While this is not included in EBITDA calculations it is a real cost which has to be paid and reduces the amount of money available for refurbishment, resident activities, equipment renewal etc.

ON BEHALF OF THE BOARD:

G A Hendry - Director

8 January 2026

The directors present their report with the financial statements of the company for the year ended 30 April 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of property investment.

DIVIDENDS

An interim dividend of £1,500 per share was paid on 30 April 2025. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 30 April 2025 will be £ 155,000 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2024 to the date of this report.

G A Hendry

A Hendry

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

G A Hendry - Director

8 January 2026

Opinion

We have audited the financial statements of Glenbervie Holdings Limited (the 'company') for the year ended 30 April 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 April 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- We identified the laws and regulations applicable to the Company through discussions with directors and other management, and from our commercial knowledge;

- We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Company, including the Companies Act 2006, taxation legislation, employment and data protection;

- We assessed the extent of compliance with the laws and regulations identified above through making enquires of management and inspecting legal correspondence;

- Identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assess the susceptibility of material misstatements within the Company's financial statements, including obtaining an understanding of how fraud might occur by:

- Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;

- Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- Performed analytical procedures to identify any unusual or unexpected relationships;

- Tested journal entries to identify unusual transactions;

- Assessed whether judgement and assumptions made in determining accounting estimates were indicative of potential bias; and

- Investigated the rationale behind any significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- Agreeing financial statement disclosures to underlying supporting documentation;

- Reading the minutes of meetings of those charged with governance;

- Enquiring of management as to actual potential litigation and claims; and

- Reviewing correspondence.

Whilst our audit did not identify any significant matters relating to the detection of irregularities including fraud, and despite the audit being planned and conducted in accordance with ISAs (UK), there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularity would likely involve collusion, forgery, intentional misrepresentations, or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Craig Hunter (Senior Statutory Auditor)

for and on behalf of S&W Audit

Statutory Auditor

Chartered Accountants

Q Court

3 Quality Street

Edinburgh

EH4 5BP

9 January 2026

TURNOVER

150,000

150,000

Administrative expenses

(153

)

(9,681

)

OPERATING PROFIT

149,847

140,319

Income from shares in group undertakings

155,000

127,500

304,847

267,819

Gain/loss on revaluation of investment property

109,000

4,825,000

413,847

5,092,819

Interest payable and similar expenses

4

(41,382

)

(224,594

)

PROFIT BEFORE TAXATION

372,465

4,868,225

Tax on profit

5

(54,366

)

(1,395,730

)

PROFIT FOR THE FINANCIAL YEAR

318,099

3,472,495

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

318,099

3,472,495

FIXED ASSETS

Investments

7

100

100

Investment property

8

14,009,000

13,900,000

14,009,100

13,900,100

CURRENT ASSETS

Debtors

9

-

9,900

Cash at bank

19,834

19,243

19,834

29,143

CREDITORS

Amounts falling due within one year

10

(5,024,187

)

(5,114,845

)

NET CURRENT LIABILITIES

(5,004,353

)

(5,085,702

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,004,747

8,814,398

PROVISIONS FOR LIABILITIES

14

(2,230,765

)

(2,203,515

)

NET ASSETS

6,773,982

6,610,883

CAPITAL AND RESERVES

Called up share capital

15

100

100

Revaluation reserve

6,692,294

6,610,544

Retained earnings

81,588

239

SHAREHOLDERS' FUNDS

6,773,982

6,610,883

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:

G A Hendry - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 May 2023

100

46,514

3,181,274

3,227,888

Changes in equity

Dividends

-

(89,500

)

-

(89,500

)

Total comprehensive income

-

3,472,495

-

3,472,495

Transfer between reserves

-

(3,429,270

)

3,429,270

-

Balance at 30 April 2024

100

239

6,610,544

6,610,883

Changes in equity

Dividends

-

(155,000

)

-

(155,000

)

Total comprehensive income

-

318,099

-

318,099

Transfer between reserves

-

(81,750

)

81,750

-

Balance at 30 April 2025

100

81,588

6,692,294

6,773,982

1.	STATUTORY INFORMATION

Glenbervie Holdings 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 place of business is Glenbervie Care Home, Larbert, Falkirk FK2 8SN.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

At the year end the company had net current liabilities of £5,004,353 (2024 - £5,085,702).

The company is reliant on its subsidiary to generate sufficient profits/cash to assist in servicing these borrowings.

The directors have assessed the financial performance of the subsidiary including projections for a period of at least 12 months from approval of the financial statements and have concluded that there will be sufficient funds available. The directors have also confirmed that amounts due to the subsidiary will not be called for repayment in the next 12 months.

The financial statements have therefore been prepared on a going concern basis.

FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS

The financial statements contain information about Glenbervie Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Avondale Care (Scotland) Limited, Carrondale House, Beaumont Drive, Carron, Falkirk, FK2 8SN.

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 company carries investment property at fair value and engages independent professional valuers to determine fair value on a periodic basis. The independent valuer determines fair value based on their expertise and knowledge of both the industry and the marketplace.

TURNOVER

Turnover relates to income from the rent of premises to Glenbervie Care Limited recognised on an accruals basis.

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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

There were no staff costs for the year ended 30 April 2025 nor for the year ended 30 April 2024.

The average number of employees during the year was as follows:

2025

2024

Directors

2

2

2025

2024

£

£

Directors' remuneration

-

-

4.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank loan interest

41,382

224,561

Corporation tax interest

-

33

41,382

224,594

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

27,116

-

Deferred tax:

Revaluation of investment

property

27,250

1,395,730

Tax on profit

54,366

1,395,730

RECONCILIATION OF TOTAL TAX CHARGE INCLUDED IN PROFIT AND LOSS

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

372,465

4,868,225

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

93,116

1,217,056

Effects of:

Expenses not deductible for tax purposes

-

1,569

Income not taxable for tax purposes

(38,750

)

(31,875

)

Adjustments to tax charge in respect of previous periods

-

189,480

Group relief of losses

-

19,500

Total tax charge

54,366

1,395,730

6.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Interim

155,000

89,500

7.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2024

and 30 April 2025

100

NET BOOK VALUE

At 30 April 2025

100

At 30 April 2024

100

Details of the company's subsidiaries at 30 April 2024 are as follows:

Name of Undertaking

Registered office

Nature of business

Class of shares held

% Held

Glenbervie Care Limited

Scotland

Care for the elderly and disabled

Ordinary

100

8.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

13,900,000

Revaluations

109,000

At 30 April 2025

14,009,000

NET BOOK VALUE

At 30 April 2025

14,009,000

At 30 April 2024

13,900,000

Fair value at 30 April 2025 is represented by:

£

Valuation in 2021

3,989,059

Valuation in 2024

4,825,000

Valuation in 2025

109,000

Cost

5,085,941

14,009,000

The investment property was valued on an open market basis on 30 April 2025 by the directors.

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

9,900

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 11)

-

3,028,611

Amounts owed to group undertakings

4,994,496

2,066,467

Tax

27,116

-

Accruals and deferred income

2,575

19,767

5,024,187

5,114,845

11.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

-

3,028,611

12.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

3,028,611

Barclays Bank has been granted a standard security over the Glenbervie Business Park property and a floating charge over all company assets, as well as all assets of subsidiary company Glenbervie Care Limited.

13.	FINANCIAL INSTRUMENTS

Financial assets measured at amortised cost comprise cash and other debtors.

At the year end the company had financial assets measured at amortised cost totalling £19,834 (2024 - £29,143).

Financial liabilities measured at amortised cost comprise amounts owed to group undertakings, bank loans and accrued expenses.

At the year end the company had financial liabilities measured at amortised cost totalling £4,997,071 (2024 -£5,114,845).

14.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

2,230,765

2,203,515

Deferred

tax

£

Balance at 1 May 2024

2,203,515

Provided during year

27,250

Balance at 30 April 2025

2,230,765

15.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

16.	ULTIMATE PARENT COMPANY

The ultimate parent company undertaking is Avondale Care (Scotland) Limited which is the parent of the smallest group for which consolidated financial statements are drawn up. These are available from Companies House. Avondale Care (Scotland) Limited has its registered office at Carrondale House, Beaumont Drive, Carron, Falkirk, Stirlingshire, FK2 8SN.

17.	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.