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Registration number: 00780423

The Abbeyfield Fareham Society Ltd
Annual Report and Unaudited Abridged Financial Statements
for the Year Ended 30 September 2025

The Abbeyfield Fareham Society Ltd

Contents

Company Information | 1
Directors' Report | 2 to 3
Accountants' Report | 4
Abridged Consolidated Statement of Comprehensive Income | 5
Statement of Comprehensive Income | 6
Abridged Statement of Financial Position | 7 to 8
Statement of Changes in Equity | 9
Notes to the Unaudited Abridged Financial Statements | 10 to 18
iXBRL Detailed Profit and Loss Account | 19

The Abbeyfield Fareham Society Ltd

Company Information

Chairman | Mr T. Ayles

Directors | Mr N. How - Treasurer Ms J. Gould Ms L. V. Miller Mrs C. M. Beech

Company secretary | Ms J. Spriggs

Registered office | 24 East Street Fareham Hants PO16 0BY

Accountants | Palmer Riley & Co Chartered Accountants 1st Floor Unit E2 Fareham Heights Standard Way Fareham Hants PO16 8XT

The Abbeyfield Fareham Society Ltd

Directors' Report for the Year Ended 30 September 2025

The directors present their report and the abridged financial statements for the year ended 30 September 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr N. How - Treasurer

Mr T. Ayles - Chairman

Ms J. Gould

Ms L. V. Miller

Mr G. Taylor (resigned 10 July 2025)

Mrs C. M. Beech

Principal activity

The principal activity of the company is the provision of acommodation, care and companionship for lonely or frail elderly people in accordance with the aims and principles of The Abbeyfield Society Limited, as determined by its Memorandum of Association. This activity falls wholly within sheltered housing activities as defined in the Housing Act 1974. There has been no change in the activities of the society during the year.

Employment of disabled persons

The committee (Directors) have overall responsibility for ensuring that the society has appropriate systems of control, financial and otherwise. The systems of internal and financial controls are designed to provide reasonable, but not absolute, assurance against material misstatement of loss. They include an annual budget, approved by the committee (Directors), regular review of actual results and variances from budget, and delegation of authority and segregation of duties as far as possible given staffing levels.
The committee (Directors) will continue to monitor risks and set up policies to mitigate them.

Employee involvement

The Articles of Association govern the appointment of the Executive Committee, which is charged with the management of the society in furtherance of its principal activity, fund management and financial affairs generally.
The committee shall consist of no less than 3 and no more than 18 Committee members. The committee has the power to appoint Executive Committee members to fill a casual vacancy.
One third of the Executive Committee members must retire by rotation each year bur are eligible for re-election.
The society is a member of the Abbeyfield Society by payment of an annual subscription.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 14 January 2026 and signed on its behalf by:

The Abbeyfield Fareham Society Ltd

Directors' Report for the Year Ended 30 September 2025

......................................... Mr T. Ayles Chairman

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Abbeyfield Fareham Society Ltd
for the Year Ended 30 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Abbeyfield Fareham Society Ltd for the year ended 30 September 2025 as set out on pages 5 to 18 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Abbeyfield Fareham Society Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Abbeyfield Fareham Society Ltd and state those matters that we have agreed to state to the Board of Directors of The Abbeyfield Fareham Society Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Abbeyfield Fareham Society Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Abbeyfield Fareham Society Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of The Abbeyfield Fareham Society Ltd. You consider that The Abbeyfield Fareham Society Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Abbeyfield Fareham Society Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Palmer Riley & Co Chartered Accountants
1st Floor Unit E2
Fareham Heights
Standard Way
Fareham
Hants
PO16 8XT

7 January 2026

The Abbeyfield Fareham Society Ltd

Abridged Consolidated Statement of Comprehensive Income for the Year Ended 30 September 2025

| Note | 2025 £ | 2024 £
Gross surplus |  | 255 | 46,388
Administrative expenses |  | (202) | (103)
Other interest receivable and similar income |  | 3,889 | 4,169
Interest payable and similar expenses |  | (5,177) | (7,892)
(Deficit)/surplus before tax | 4 | (1,235) | 42,562
(Deficit)/surplus for the financial year |  | (1,235) | 42,562

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

The Abbeyfield Fareham Society Ltd

Statement of Comprehensive Income for the Year Ended 30 September 2025

| 2025 £ | 2024 £
(Deficit)/surplus for the year | (1,235) | 42,562
Total comprehensive income for the year | (1,235) | 42,562

The Abbeyfield Fareham Society Ltd

(Registration number: 00780423)
Abridged Statement of Financial Position as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 711,951 | 714,317
Current assets |  |  |
Debtors |  | 1 | -
Cash at bank and in hand |  | 176,795 | 187,621
|  | 176,796 | 187,621
Prepayments and accrued income |  | 2,294 | 4,684
Creditors: Amounts falling due within one year |  | (13,794) | (19,656)
Net current assets |  | 165,296 | 172,649
Total assets less current liabilities |  | 877,247 | 886,966
Creditors: Amounts falling due after more than one year |  | (69,897) | (78,471)
Accruals and deferred income |  | (813) | (723)
Net assets |  | 806,537 | 807,772
Capital and reserves |  |  |
Income and expenditure account |  | 806,537 | 807,772
Total reserves |  | 806,537 | 807,772

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Consolidated Statement of Comprehensive Income and an Abridged Statement of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 14 January 2026 and signed on its behalf by:

The Abbeyfield Fareham Society Ltd

(Registration number: 00780423)
Abridged Statement of Financial Position as at 30 September 2025

......................................... Mr N. How - Treasurer Director
......................................... Mr T. Ayles Chairman

The Abbeyfield Fareham Society Ltd

Statement of Changes in Equity for the Year Ended 30 September 2025

| Retained earnings £ | Total £
At 1 October 2024 | 807,772 | 807,772
Deficit for the year | (1,235) | (1,235)
At 30 September 2025 | 806,537 | 806,537

| Retained earnings £ | Total £
At 1 October 2023 | 765,210 | 765,210
Surplus for the year | 42,562 | 42,562
At 30 September 2024 | 807,772 | 807,772

The Abbeyfield Fareham Society Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

1 | General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
24 East Street
Fareham
Hants
PO16 0BY

These financial statements were authorised for issue by the Board on 14 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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, returns, rebates and discounts and after eliminating sales within the company.
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;
and specific criteria have been met for each of the Company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position 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:

Asset class | Depreciation method and rate
Fixtures & fittings | 10% straight line

The Abbeyfield Fareham Society Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

Computer equipment | 33.33% straight line
Buildings | 2.5% straight line

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the consolidated statement of comprehensive income over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 10).

The Abbeyfield Fareham Society Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

4 | Loss/profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 15,530 | 15,384

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 October 2024 | 744,362 | 60,719 | 805,081
Additions | 5,640 | 7,525 | 13,165
Disposals | - | (684) | (684)
At 30 September 2025 | 750,002 | 67,560 | 817,562
Depreciation
At 1 October 2024 | 52,865 | 37,899 | 90,764
Charge for the year | 8,727 | 6,804 | 15,531
Eliminated on disposal | - | (684) | (684)
At 30 September 2025 | 61,592 | 44,019 | 105,611
Carrying amount
At 30 September 2025 | 688,410 | 23,541 | 711,951
At 30 September 2024 | 691,497 | 22,820 | 714,317

Included within the net book value of land and buildings above is £688,410 (2024 - £691,496) in respect of freehold land and buildings.

Revaluation

The fair value of the company's Land and Buildings was revalued on 19 January 2023 by an independent valuer (Bernards Estate Agents) to £2,000,000 (2024 - £2,000,000).

6 | Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 442 | 42

The Abbeyfield Fareham Society Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

The Abbeyfield Fareham Society Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

6 Value for Money Metrics

Metric 1 : Reinvestment %

| 2025 £ |  | 2024 £
Development of new properties | - |  | -
Newly built properties acquired | - |  | -
Works to existing | 5,640 |  | 41,167
Capitalised interest | - |  | -
Schemes completed | - |  | -
| 5,640 |  | 41,167
.
Tangiable fixed assets housing properties at cost | 750,002 |  | 744,362
Tangiable fixed assets housing properties at valuation | - |  | -
| 750,002 |  | 744,362
.
Metric % | 0.75% |  | 5.53%

Metric 2a : New Supply (Social Housing Units) %

|  | 2025 |  | 2024
Total social units developed or acquired in year |  | - |  | -
Social leasehold units |  | - |  | -
|  | - |  | -
Total social housing units owned |  | 17 |  | 17
Social leasehold units owned |  | - |  | -
|  | 17 |  | 17
Metric % |  | - |  | -

The Abbeyfield Fareham Society Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

Metric 2b : New Supply (Non-Social Housing Units) %

|  | 2025 |  | 2024
Total non-social rental housing units owned (acquired in year) |  | - |  | -
Non-social leaehold units owned (acquired in year) |  | - |  | -
New outright sale units (developed or acquired) |  | - |  | -
|  | - |  | -
Total social housing units owned (period end) |  | 17 |  | 17
Total non-social rental housing units owned (period end) |  | - |  | -
Social leasehold units owned (period end) |  | - |  | -
Non-social leasehold units owned (period end) |  | - |  | -
|  | 17 |  | 17
Metric % |  | - |  | -

Metric 3 : Gearing %

| 2025 £ |  | 2024 £
Short-term loans | 4,763 |  | 5,231
Long-term loans | 69,897 |  | 78,471
Cash and cash equivalents | (176,795) |  | (187,621)
Amounts owed to group undertakings | - |  | -
Finance lease obligations | - |  | -
| (102,135) |  | (103,919)
.
Tangiable fixed assets housing properties at cost | 750,002 |  | 744,362
Tangiable fixed assets housing properties at valuation | - |  | -
| 750,002 |  | 744,362
.
Metric % | (13.62)% |  | (13.96)%

The Abbeyfield Fareham Society Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

Metric 4 : EBITDA MRI Interest Cover %

| 2025 £ |  | 2024 £
Operating surplus/(deficit) overall | (1,235) |  | 42,562
Gain/(loss) on disposal of fixed assets (housing properties) | - |  | -
Amortised government grants | - |  | -
Government grants taken to income | - |  | -
Interest receivable | 3,889 |  | 4,169
Capitalised major repairs expenditure for period | (5,640) |  | (41,167)
Total depreciation charge for period | 15,530 |  | 15,384
| 12,544 |  | 20,948
.
Interest capitalised | - |  | -
Interest payable and financing costs | 5,379 |  | 7,995
| 5,379 |  | 7,995
.
Metric % | 233.2% |  | 262.01%

The Abbeyfield Fareham Society Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

Metric 5 : Headline Social Housing Cost £

|  | 2025 |  | 2024
|  | £ |  | £
Management costs |  | 37,756 |  | 39,909
Service charge costs |  | 109,162 |  | 112,813
Routine maintenance costs |  | 22,158 |  | 13,438
Planned maintenance costs |  | 42,046 |  | 6,454
Major repairs expenditure |  | 38,341 |  | 12,751
Lease costs |  | - |  | -
Capitalised major repairs expenditure for period |  | 5,640 |  | 41,167
Other (social housing letting) costs |  | 60,332 |  | 61,308
Charges for support services |  | - |  | -
Development services |  | - |  | -
Community/neighbourhood services |  | - |  | -
Other social housing activities : Other |  | - |  | -
|  | 315,434 |  | 287,841
Total social housing units owned and/or managed at period end |  | 17 |  | 17
|  | 17 |  | 17
Metric £ |  | 18,555 |  | 16,932

The Abbeyfield Fareham Society Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

Metric 6a : Operating Margin (social housing lettings) %

| 2025 £ |  | 2024 £
Operating Surplus/(deficit) (social housing lettings) | (1,235) |  | 42,562
.
Turnover from social housing lettings | 323,936 |  | 302,165
.
Metric % | (0.38)% |  | 14.09%

Metric 6b : Operating Margin (Overall) %

| 2025 £ |  | 2024 £
Operating surplus/(deficit) overall | (1,235) |  | 42,562
Gain/(loss) on disposal of fixed assets (housing properties) | - |  | -
| (1,235) |  | 42,562
.
Turnover (overall) | 323,936 |  | 302,165
.
Metric % | (0.38)% |  | 14.09%

Metric 7 : Return on Capital Employed %

| 2025 £ |  | 2024 £
Operating surplus/(deficit) overall | (1,235) |  | 42,562
Share of operating surplus/(deficit) in joint ventures or associates | - |  | -
| (1,235) |  | 42,562
.
Total assets less current liabilities | 876,434 |  | 886,243
.
Metric % | (0.14)% |  | 4.8%

The Abbeyfield Fareham Society Ltd

iXBRL Detailed Profit and Loss Account for the Year Ended 30 September 2025

| 2025 £ | 2024 £
Turnover/revenue | 323,936 | 302,165
Cost of sales |  |
Purchase of raw materials and consumables | (34,707) | (34,163)
Rent, rates and services costs | (15,628) | (13,550)
Utilities costs | (18,594) | (19,118)
Property repairs and maintenance | (102,545) | (32,643)
Other repairs and maintenance | (6,498) | (9,332)
Depreciation of fixed assets | (15,530) | (15,384)
Vehicle costs | (2,800) | (1,947)
Freight and haulage costs | (774) | (1,028)
Other staff costs | (2,459) | (2,069)
Wages and salaries excluding directors | (75,111) | (79,319)
Social security costs excluding directors | (37,755) | (39,910)
Pension costs defined contribution schemes excluding directors | (1,472) | (1,580)
Staff costs excluding directors | (114,338) | (120,809)
Salaries and fees, directors | (442) | (42)
Social security costs, directors | (452) | -
Staff costs, directors | (894) | (42)
Subcontractor costs | (1,268) | (1,147)
Training | (523) | -
Royalties, licences and similar expenses | (1,665) | (3,106)
Insurance costs | (4,680) | (5,604)
Other costs | (2,545) | (1,960)
Gross (loss)/profit | (1,512) | 40,263
Distribution costs |  |
Administrative expenses |  |
Other entertaining costs | - | (156)
Bank charges | (202) | (103)
Other operating income |  |
Other operating income | 1,767 | 6,281
Other items |  |
Profit on ordinary activities before finance charges and interest | 53 | 46,285
Bank interest and similar income receivable | 3,889 | 3,846
Non-bank interest and similar income receivable | - | 323
Interest expense on bank overdraft, bank loans and similar borrowings | (5,177) | (7,892)
(Loss)/profit for the financial year | (1,235) | 42,562