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REGISTERED NUMBER: 05980879 (England and Wales)

Conifers Care Ltd

Audited Financial Statements

for the Period 1 January 2024 to 30 December 2024

| Conifers Care Ltd (Registered number: 05980879) |

Contents of the Financial Statements

for the Period 1 January 2024 to 30 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Conifers Care Ltd |

Company Information

for the Period 1 January 2024 to 30 December 2024

| Director: | T K Ogunleye

| Registered office: | 23 Marsham Way

| Gerrards Cross

| South Bucks

| SL9 8AB

| Registered number: | 05980879 (England and Wales)

| Auditors: | Barlow Andrews LLP, Statutory Auditor

| Carlyle House

| 78 Chorley New Road

| Bolton

| Conifers Care Ltd (Registered number: 05980879) |

Balance Sheet

30 December 2024

| 2024 | 2023 |

| as restated |

| Notes | £ | £ | £ | £ |

Fixed assets

Intangible assets | 5 | - |  | - |  |

Tangible assets | 6 | 21,294 |  | 26,634 |  |

21,294 |  | 26,634 |  |

Current assets

Stocks | 4,000 |  | 4,000 |  |

Debtors | 7 | 1,646,043 |  | 1,142,465 |  |

Cash at bank and in hand | 2,293,743 |  | 2,476,227 |  |

3,943,786 |  | 3,622,692 |  |

Creditors

Amounts falling due within one year | 8 | 1,165,583 |  | 1,239,884 |  |

Net current assets | 2,778,203 |  | 2,382,808 |  |

Total assets less current liabilities | 2,799,497 |  | 2,409,442 |  |

Provisions for liabilities | 9 | 4,682 |  | 5,970 |  |

Net assets | 2,794,815 |  | 2,403,472 |  |

Capital and reserves

Called up share capital | 10 | 1,000 |  | 1,000 |  |

Retained earnings | 11 | 2,793,815 |  | 2,402,472 |  |

Shareholders' funds | 2,794,815 |  | 2,403,472 |  |

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 director and authorised for issue on 20 February 2026 and were signed by:

T K Ogunleye - Director

| Conifers Care Ltd (Registered number: 05980879) |

Notes to the Financial Statements

for the Period 1 January 2024 to 30 December 2024

1. | Statutory information

| Conifers Care 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.

| Turnover

| Revenue from contracts for the provision of services is recognised by reference to the delivery of care to the home residents. Income which is invoiced in advance or arrears is apportioned so that only that relating to the period of the financial statements is included in turnover.

| 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

| Tangible assets are initially recorded at cost and subsequently measured at cost, net of depreciation and any impairment losses.

| Depreciation is recognised so as to write off the cost of assets over their useful lives on the following bases:

| Plant and machinery - 20% on reducing balance

| Fixtures and fittings - 20% on reducing balance

| Motor vehicles - 25% on reducing balance

| Financial instruments

| The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and 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 income and retained earnings.

| Taxation

| The taxation expense represents the aggregate amount of current tax recognised in the reporting year. Tax is recognised in the statement of Income and retained earnings. Current tax is recognised on taxable profit for the current year.

| Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

| Conifers Care Ltd (Registered number: 05980879) |

Notes to the Financial Statements - continued

for the Period 1 January 2024 to 30 December 2024

2. | Accounting policies - continued

| 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 period end and that are expected to apply to the reversal of the timing difference.

| .

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Employee benefits

| The costs of short-term employee benefits are recognised as a liability and an expense.

| The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

| Going concern

| The director is confident that the company will have sufficient funds to continue to meet its liabilities they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.

3. | Employees and directors

| The average number of employees during the period was 70 (2023 - 66 ) .

4. | Auditors' remuneration

| Period |

| 1.1.24 |

| to | Year Ended

| 30.12.24 |  | 31.12.23

| as | restated |

£ | £ |

| Fees payable to the company's auditors for the audit of the company's financial statements | 9,000 |  | 7,920 |  |

| Conifers Care Ltd (Registered number: 05980879) |

Notes to the Financial Statements - continued

for the Period 1 January 2024 to 30 December 2024

5. | Intangible fixed assets

| Goodwill

£ |

| Cost

| At 1 January 2024

| and 30 December 2024 | 80,000 |  |

| Amortisation

| At 1 January 2024

| and 30 December 2024 | 80,000 |  |

| Net book value

| At 30 December 2024 | - |  |

| At 31 December 2023 | - |  |

6. | Tangible fixed assets

| Fixtures |

| Plant and |  | and |  | Motor |

| machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| Cost

| At 1 January 2024

| and 30 December 2024 | 34,273 |  | 181,482 |  | 12,000 |  | 227,755 |  |

| Depreciation

| At 1 January 2024 | 20,235 |  | 169,171 |  | 11,715 |  | 201,121 |  |

| Charge for period | 2,807 |  | 2,462 |  | 71 |  | 5,340 |  |

| At 30 December 2024 | 23,042 |  | 171,633 |  | 11,786 |  | 206,461 |  |

| Net book value

| At 30 December 2024 | 11,231 |  | 9,849 |  | 214 |  | 21,294 |  |

| At 31 December 2023 | 14,038 |  | 12,311 |  | 285 |  | 26,634 |  |

7. | Debtors: amounts falling due within one year |

2024 | 2023 |

| as | restated |

£ | £ |

| Trade debtors | 886,027 |  | 456,921 |  |

| Amounts owed by group undertakings | 550,000 |  | 553,216 |  |

| Other debtors | 210,016 |  | 132,328 |  |

1,646,043 |  | 1,142,465 |  |

| Conifers Care Ltd (Registered number: 05980879) |

Notes to the Financial Statements - continued

for the Period 1 January 2024 to 30 December 2024

8. | Creditors: amounts falling due within one year |

2024 | 2023 |

| as | restated |

£ | £ |

| Trade creditors | 195,429 |  | 215,864 |  |

| Amounts owed to group undertakings | 160,023 |  | 315,109 |  |

| Taxation and social security | 563,640 |  | 464,970 |  |

| Other creditors | 246,491 |  | 243,941 |  |

1,165,583 |  | 1,239,884 |  |

9. | Provisions for liabilities

2024 | 2023 |

| as | restated |

£ | £ |

| Deferred tax | 4,682 |  | 5,970 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2024 | 5,970 |  |

| Credit to Income Statement during period | (1,288 | ) |

| Balance at 30 December 2024 | 4,682 |  |

10. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: |  | as restated |

£ | £ |

| 1,000 | Ordinary shares | 1 | 1,000 |  | 1,000 |  |

| Conifers Care Ltd (Registered number: 05980879) |

Notes to the Financial Statements - continued

for the Period 1 January 2024 to 30 December 2024

11. | Reserves

| Retained

| earnings

£ |

| At 1 January 2024 | 2,402,472 |  |

| Profit for the period | 1,413,218 |  |

| Dividends | (1,021,875 | ) |

| At 30 December 2024 | 2,793,815 |  |

12. | Disclosure under Section 444(5B) of the Companies Act 2006

| The Report of the Auditors was unqualified.

| Alison Cornes (Senior Statutory Auditor)

| for and on behalf of Barlow Andrews LLP, Statutory Auditor

13. | Contingent liabilities

| The company is party to a cross guarantee given to its bankers in respect of loan facilities. The terms of the guarantee provide cross guarantees between Conifers Care Ltd and other companies within the Zion Care Ltd group, The amount outstanding under this facility at 30 December 2024, excluding the amount included in creditors in this company, was £9,378,118.

14. | Related party disclosures

| During the year, total dividends of £1,021,875 were paid to Zion Care Limited.

| Creditors include £160,023 (£315,109 2023) in respect of loans from other companies under the control of the director. Other debtors include £550,000 (£553,216 2023) in respect of a loan to other companies under the control of the director.

15. | Ultimate controlling party

| The controlling party is T K Ogunleye

| The ultimate controlling party is Zion Care Limited.

| The company is controlled by its director Mr T K Ogunleye by virtue of his 100% shareholding and directorship in the holding company Zion Care Limited.

| Zion Care Limited, a company incorporated in England and Wales, is the holding company of Conifers Care Ltd.