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Torcare Limited
Annual Report and Financial Statements
Year Ended 30 September 2025

Registration number: 02040079

Torcare Limited

Contents

Strategic Report | 1
Directors' Report | 2
Statement of Directors' Responsibilities | 3
Independent Auditor's Report | 4 to 6
Profit and Loss Account | 7
Balance Sheet | 8
Statement of Changes in Equity | 9
Notes to the Financial Statements | 10 to 19

Torcare Limited

Strategic Report for the Year Ended 30 September 2025

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

Principal activity

The principal activity of the company is the operating of nursing and residential care homes.

Fair review of the business

The Company's net profit has decreased in current year despite turnover increasing. This is due to the the impact of rising costs, including the the legislative change in employer NI contributions, outweighing the fee increases in the year. The company's balance sheet remains strong with net assets of £5,822,426 compared to £5,466,076 in prior year.
The directors monitor occupancy rates and wage to occupancy ratios as key performance indicators with a view that they maintain the level and quality of staffing required. They monitor occupancy levels and profit margins at an individual home level.
The directors consider that the results are satisfactory.

The company's key financial and other performance indicators during the year were as follows:

| Unit | 2025 | 2024
Turnover | £ | 4,619,606 | 4,453,523
Gross profit | £ | 2,045,520 | 2,041,247
Gross profit margin | % | 44 | 46
Net Profit (excluding exceptional items) | £ | 473,550 | 579,974
Net profit margin | % | 10 | 13
Total wages as a percentage of fees | % | 66 | 63
Total occupancy rate | % | 68 | 68

Principal risks and uncertainties

Management consider that the principal risk to the business would be a negative review from a Care Quality Commission inspection that could result in an enforcement action and the subsequent impact on the reputation of the home. To mitigate this risk all care staff are trained to a high level and management value the retention of high quality staff, that management trust.

Approved by the Board on 27 January 2026 and signed on its behalf by:

......................................... Mr B A Fourniss Company secretary and director |  |

Torcare Limited

Directors' Report for the Year Ended 30 September 2025

The directors present their report and the 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 P B Fourniss

Mr B A Fourniss - Company secretary and director

Mrs M E M Fourniss

Mr T Fourniss

Objectives and policies
Financial risks

The Company considers the major financial risks of the business to be linked to the funding received from local authorities and the associated risks regarding cutbacks of public funding, along with falls in occupancy levels and privately funded residents. To mitigate these risks the Company has a mix of both privately and publicly funded residents and seeks to build upon its excellent reputation through retention of its high quality staff.

Price risk, credit risk, liquidity risk and cash flow risk

The Company is not exposed to any material operational risks. There is reasonable demand for the care home business mainly due to the age demography of the UK population.

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Approved by the Board on 27 January 2026 and signed on its behalf by:

......................................... Mr B A Fourniss Company secretary and director |  |

Torcare Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report 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 apply them consistently;

• | make judgements and accounting estimates that are reasonable and prudent;

• | state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• | 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.

Torcare Limited

Independent Auditor's Report to the Members of Torcare Limited

Opinion

We have audited the financial statements of Torcare Limited (the 'company') for the year ended 30 September 2025, which comprise the Profit and Loss Account, 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 September 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 auditor 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 director's 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 original financial statements were 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 included in the annual report, other than the financial statements and our auditor’s report 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

Torcare Limited

Independent Auditor's Report to the Members of Torcare Limited

Opinion on other matter 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• | the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our 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 and the Directors' Report.

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 3, 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 is 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.

Auditor 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 an auditor’s report 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:

Torcare Limited

Independent Auditor's Report to the Members of Torcare Limited

We considered those laws and regulations that have a direct impact on the preparation of the financial statements, including, but not limited to the reporting framework (FRS 102 and Companies Act 2006) and the relevant tax compliance regulations in the UK. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to fraudulent financial reporting.
Audit procedures performed by the engagement team include, but were not limited to, discussion and inquiries with management of compliance with laws and regulations and review of correspondence and contracts with third parties. We also addressed the risk of management override of internal controls, including testing of journals and evaluating whether there was evidence of bias by the Directors that represented a risk of material misstatement due to fraud.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate omissions, collusion, forgery, misrepresentations, or the override of internal controls. We are also less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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 an auditor’s report 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.

......................................
James Barrett (Senior Statutory Auditor)
PKF Francis Clark, Statutory Auditor
Melville Building East
Unit 18, 23 Royal William Yard
Plymouth
Devon
PL1 3GW

27 January 2026

Torcare Limited

Profit and Loss Account

Year Ended 30 September 2025

| Note | 2025 £ | 2024 £
Turnover | 3 | 4,619,606 | 4,453,523
Cost of sales |  | (2,574,086) | (2,412,276)
Gross profit |  | 2,045,520 | 2,041,247
Administrative expenses |  | (1,500,237) | (1,394,135)
Other operating income | 4 | 69,428 | 78,811
Operating profit | 5 | 614,711 | 725,923
Gain on financial assets at fair value through profit and loss |  | - | 41,272
Other interest receivable and similar income | 9 | 25,304 | 33,176
Profit before tax |  | 640,015 | 800,371
Tax on profit | 10 | (166,465) | (220,397)
Profit for the financial year |  | 473,550 | 579,974

The above results were derived from continuing operations.

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

Torcare Limited

Balance Sheet

30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 11 | 2,935,399 | 2,929,383
Investment property | 12 | 1,400,000 | 1,400,000
|  | 4,335,399 | 4,329,383
Current assets |  |  |
Stocks | 13 | 7,861 | 9,527
Debtors | 14 | 448,870 | 1,044,696
Cash at bank and in hand |  | 1,699,548 | 746,675
|  | 2,156,279 | 1,800,898
Creditors: Amounts falling due within one year | 15 | (377,466) | (378,717)
Net current assets |  | 1,778,813 | 1,422,181
Total assets less current liabilities |  | 6,114,212 | 5,751,564
Provisions for liabilities | 17 | (291,786) | (285,488)
Net assets |  | 5,822,426 | 5,466,076
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Capital redemption reserve |  | 1,000 | 1,000
Revaluation reserve |  | 121,074 | 121,074
Profit and loss account |  | 5,699,352 | 5,343,002
Shareholders' funds |  | 5,822,426 | 5,466,076

Approved and authorised by the Board on 27 January 2026 and signed on its behalf by:

......................................... Mr B A Fourniss Company secretary and director |  |

Company Registration Number: 02040079

Torcare Limited

Statement of Changes in Equity

Year Ended 30 September 2025

| Share capital £ | Capital redemption reserve £ | Fair value reserve £ | Profit and loss account £ | Total £
At 1 October 2024 | 1,000 | 1,000 | 121,074 | 5,343,002 | 5,466,076
Profit for the year | - | - | - | 473,550 | 473,550
Total comprehensive income | - | - | - | 473,550 | 473,550
Dividends | - | - | - | (117,200) | (117,200)
At 30 September 2025 | 1,000 | 1,000 | 121,074 | 5,699,352 | 5,822,426

| Share capital £ | Capital redemption reserve £ | Revaluation reserve £ | Profit and loss account £ | Total £
At 1 October 2023 | 1,000 | 1,000 | 95,632 | 5,234,818 | 5,332,450
Profit for the year | - | - | - | 579,974 | 579,974
Dividends | - | - | - | (446,348) | (446,348)
Transfers | - | - | 25,442 | (25,442) | -
At 30 September 2024 | 1,000 | 1,000 | 121,074 | 5,343,002 | 5,466,076

Torcare Limited

Notes to the Financial Statements

Year Ended 30 September 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
c/o Francis Clark LLP
Melville Building East
Unit 18, 23 Royal WIlliam Yard
Plymouth
Devon
PL1 3GW

The principal place of business is:
Vicarage Road
Torpoint
Cornwall
PL11 2BW

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 financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These 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.

Summary of disclosure exemptions

FRS 102 grants a qualifying entity exemptions from the full requirements of FRS 102. The following exemptions have been taken in these financial statements as the company is deemed to be a qualifying entity:
The company has taken advantage of the exemption, under FRS 102 paragraph 1.12(b), from preparing a Statement of Cash Flows on the basis that it is a qualifying entity and its cash flows are included in the consolidated financial statements of the group. The company is also taking exemption from disclosure of key management personnel compensation and exemption from disclosure of related party transactions entered into between the company and other members of the Torcare (Holdings) Limited group.

Torcare Limited

Notes to the Financial Statements

Year Ended 30 September 2025

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, which are described in this note, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historically known factors and experience. The only critical area of judgement relates to the valuation of the investment properties. Each financal year the directors complete a review of the value of each property and compare them to market rates/property indices to determine if a revaluation is needed. Any revaluation is confirmed and adjusted within the accounts where necessary. Management do not perceive there to be any other critical areas of judgement or key sources of estimation uncertainty in the formulation of the financial statements.
Any estimates and underlying assumptions used by management such as depreciation rates are reviewed on an ongoing basis. Any revision deemed to be required to any accounting estimates would be 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.
No such changes or amendments are deemed necessary in either this or the prior period.

Revenue recognition

Turnover relates to income received from residents of the nursing and care homes. Income from residents of the nursing and care homes is recognised, as earned, through the provision of contracted services.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the consolidated profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet 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.

Torcare Limited

Notes to the Financial Statements

Year Ended 30 September 2025

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
Freehold land | Not depreciated
Freehold buildings | 2% straight line
Furniture and fittings | 15% reducing balance
Motor vehicles | 25% reducing balance
Equipment | 40% reducing balance

Investment property

Investment property is carried at fair value. The directors assess fair value, having regard for current market prices for comparable real estate and using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.
No depreciation is provided in respect of investment properties applying the fair value model.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Provisions

Provisions are recognised when the group has an obligation at the reporting date as a result of a past event, it is probable that the group will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Torcare Limited

Notes to the Financial Statements

Year Ended 30 September 2025

Financial instruments

Classification
The company holds the following financial instruments:
• Short term trade and other debtors and creditors;and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

3 | Revenue

The analysis of the company's Turnover for the year from continuing operations is as follows:

| 2025 £ | 2024 £
Rendering of services | 4,619,606 | 4,453,523

The analysis of the company's Turnover for the year by market is as follows:

| 2025 £ | 2024 £
UK | 4,619,606 | 4,453,523

4 | Other operating income

The analysis of the company's other operating income for the year is as follows:

| 2025 £ | 2024 £
Miscellaneous other operating income | 69,428 | 78,811

Torcare Limited

Notes to the Financial Statements

Year Ended 30 September 2025

5 | Operating profit

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 109,510 | 87,555

6 | Staff costs

The aggregate payroll costs (including directors' remuneration) were as follows:

| 2025 £ | 2024 £
Wages and salaries | 2,495,507 | 2,370,803
Social security costs | 361,148 | 278,571
Pension costs, defined contribution scheme | 166,970 | 162,680
| 3,023,625 | 2,812,054

The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:

| 2025 No. | 2024 No.
Management staff | 8 | 8
Other staff | 139 | 137
| 147 | 145

7 | Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 15,867 | 18,378
Contributions paid to money purchase schemes | 120,000 | 120,000
| 135,867 | 138,378

During the year the number of directors who were receiving benefits and share incentives was as follows:

| 2025 No. | 2024 No.
Accruing benefits under money purchase pension scheme | 2 | 2

Torcare Limited

Notes to the Financial Statements

Year Ended 30 September 2025

8 | Auditor's remuneration

| 2025 £ | 2024 £
Audit of the financial statements | 10,235 | 9,750

9 | Other interest receivable and similar income

| 2025 £ | 2024 £
Interest income on bank deposits | 24,996 | 33,176
Other finance income | 308 | -
| 25,304 | 33,176

10 | Taxation

Tax charged/(credited) in the profit and loss account

| 2025 £ | 2024 £
Current taxation |  |
UK corporation tax | 160,167 | 197,912
Deferred taxation |  |
Arising from origination and reversal of timing differences | 6,298 | 22,485
Tax expense in the income statement | 166,465 | 220,397

The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2024 - higher than the standard rate of corporation tax in the UK) of 0% (2024 - 25%).
The differences are reconciled below:

| 2025 £ | 2024 £
Profit before tax | 640,015 | 800,371
Corporation tax at standard rate | 160,004 | 200,093
Tax increase from other short-term timing differences | - | 874
Effect of expense not deductible in determining taxable profit (tax loss) | 6,461 | 7,595
Deferred tax expense from unrecognised temporary difference from a prior period | - | 11,835
Total tax charge | 166,465 | 220,397

Torcare Limited

Notes to the Financial Statements

Year Ended 30 September 2025

Deferred tax

Deferred tax assets and liabilities

2025 | Liability £
Difference between accumulated depreciation, amortisation and capital allowances | 245,734
Other timing difference | (905)
Revaluation of investment property | 46,957
| 291,786

2024 | Liability £
Difference between accumulated depreciation, amortisation and capital allowances | 239,467
Other timing difference | (936)
Revaluation of investment property | 46,957
| 285,488

11 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Motor vehicles £ | Equipment £ | Total £
Cost or valuation
At 1 October 2024 | 3,385,103 | 932,135 | 11,721 | 52,503 | 4,381,462
Additions | - | 53,090 | 60,600 | 1,836 | 115,526
At 30 September 2025 | 3,385,103 | 985,225 | 72,321 | 54,339 | 4,496,988
Depreciation
At 1 October 2024 | 684,211 | 721,263 | 8,665 | 37,940 | 1,452,079
Charge for the year | 47,342 | 39,672 | 15,940 | 6,556 | 109,510
At 30 September 2025 | 731,553 | 760,935 | 24,605 | 44,496 | 1,561,589
Carrying amount
At 30 September 2025 | 2,653,550 | 224,290 | 47,716 | 9,843 | 2,935,399
At 30 September 2024 | 2,700,892 | 210,872 | 3,056 | 14,563 | 2,929,383

Included within the net book value of land and buildings above is £2,653,551 (2024 - £2,700,892) in respect of freehold land and buildings.

Torcare Limited

Notes to the Financial Statements

Year Ended 30 September 2025

12 | Investment properties

| 2025 £
At 1 October | 1,400,000
At 30 September | 1,400,000

There has been no valuation of investment property by an independent valuer.

13 | Stocks

| 2025 £ | 2024 £
Other inventories | 7,861 | 9,527

14 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 41,425 | 49,723
Amounts owed by related parties | 20 | 163,678 | 763,068
Other debtors |  | 10 | 10
Prepayments |  | 20,453 | 20,807
Accrued income |  | 223,304 | 211,088
|  | 448,870 | 1,044,696

15 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 58,897 | 53,782
Corporation tax | 10 | 160,076 | 198,035
Social security and other taxes |  | 45,582 | 40,027
Outstanding defined contribution pension costs |  | 8,440 | 8,737
Accruals and deferred income |  | 104,471 | 78,136
|  | 377,466 | 378,717

Torcare Limited

Notes to the Financial Statements

Year Ended 30 September 2025

16 | Obligations under leases and hire purchase contracts

Operating leases - lessor

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 17,200 | 3,100
| 17,200 | 3,100

17 | Provisions for liabilities

| Deferred tax £
At 1 October 2024 | 285,488
Increase in existing provisions | 6,298
At 30 September 2025 | 291,786

18 | Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £166,970 (2024 - £162,680).
Contributions totalling £8,440 (2024 - £8,737) were payable to the scheme at the end of the year and are included in creditors.

19 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A shares of £1 each | 250 | 250 | 250 | 250
Ordinary B shares of £1 each | 250 | 250 | 250 | 250
Ordinary C shares of £1 each | 250 | 250 | 250 | 250
Ordinary D shares of £1 each | 250 | 250 | 250 | 250
| 1,000 | 1,000 | 1,000 | 1,000

Torcare Limited

Notes to the Financial Statements

Year Ended 30 September 2025

20 | Related party transactions

The company has taken advantage of the exemption in FRS 102 "Related Party Disclosures" from disclosing transactions with wholly owned members of the group.

21 | Parent and ultimate parent undertaking

The company's immediate and ultimate parent is Torcare (Holdings) Limited, incorporated in England and Wales.
These financial statements are available upon request from Companies House.
The parent of the largest and smallest group in which these financial statements are consolidated is Torcare (Holding) Limited, incorporated in England and Wales.
The ultimate controlling party is The Fourniss Family 2013 Flexible Life Interest Settlement.

The address of Torcare (Holdings) Limited is:
c/o Francis Clark LLP
Melville Building East,
Royal William Yard,
Plymouth,
Devon,
United Kingdom,
PL1 3GW