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Company No: 04365591 (England and Wales)

# DOWN HOUSE LIMITED

### Unaudited Financial Statements
For the financial year ended 28 November 2025
Pages for filing with the registrar

DOWN HOUSE LIMITED

## Unaudited Financial Statements

For the financial year ended 28 November 2025

Contents

DOWN HOUSE LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 28 November 2025
DOWN HOUSE LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 28 November 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 1,272,289 |  | 1,303,011
|  | 1,272,289 |  | 1,303,011
Current assets |  |  |  |
Debtors | 4 | 30,933 |  | 0
Cash at bank and in hand |  | ( 5,619) |  | 12,578
|  | 25,314 |  | 12,578
Creditors: amounts falling due within one year | 5 | ( 943,934) |  | ( 926,794)
Net current liabilities |  | (918,620) |  | (914,216)
Total assets less current liabilities |  | 353,669 |  | 388,795
Creditors: amounts falling due after more than one year | 6 | 0 |  | ( 46,415)
Provision for liabilities | 7 | ( 92,993) |  | ( 96,221)
Net assets |  | 260,676 |  | 246,159
Capital and reserves |  |  |  |
Called-up share capital | 8 | 1,030 |  | 1,030
Profit and loss account |  | 259,646 |  | 245,129
Total shareholder's funds |  | 260,676 |  | 246,159

For the financial year ending 28 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Down House Limited (registered number: 04365591) were approved and authorised for issue by the Board of Directors on 11 March 2026. They were signed on its behalf by:

James Sutherland Director |

DOWN HOUSE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 November 2025
DOWN HOUSE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 November 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Down House Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Brook House Manor Drive, Clyst St. Mary, Exeter, EX5 1GD, United Kingdom. The principal place of business is 277 Tavistock Rd, Plymouth, PL6 8AA.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

##### Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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 fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
| 50 years straight line
Plant and machinery | 25 % reducing balance
Vehicles | 25 % reducing balance
Fixtures and fittings | 25 % reducing balance
| 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 61 |  | 55

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 29 November 2024 | 1,946,965 |  | 35,498 |  | 33,957 |  | 101,799 |  | 2,118,219
Additions | 0 |  | 0 |  | 0 |  | 17,637 |  | 17,637
At 28 November 2025 | 1,946,965 |  | 35,498 |  | 33,957 |  | 119,436 |  | 2,135,856
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 29 November 2024 | 680,265 |  | 21,565 |  | 24,332 |  | 89,046 |  | 815,208
Charge for the financial year | 32,971 |  | 3,483 |  | 2,406 |  | 9,499 |  | 48,359
At 28 November 2025 | 713,236 |  | 25,048 |  | 26,738 |  | 98,545 |  | 863,567
Net book value |  |  |  |  |  |  |  |  |
At 28 November 2025 | 1,233,729 |  | 10,450 |  | 7,219 |  | 20,891 |  | 1,272,289
At 28 November 2024 | 1,266,700 |  | 13,933 |  | 9,625 |  | 12,753 |  | 1,303,011

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 9,743 |  | 0
Accrued income | 21,190 |  | 0
| 30,933 |  | 0

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 43,558 |  | 60,221
Trade creditors | 35,599 |  | 41,513
Amounts owed to Parent undertakings | 166,513 |  | 175,013
Amounts owed to fellow subsidiaries | 140,129 |  | 65,919
Taxation and social security | 32,778 |  | 23,205
Other creditors | 525,357 |  | 560,923
| 943,934 |  | 926,794

Security has been given on the loan by way of a fixed and floating charge over the undertaking and all property and assets present and future of the company.

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 0 |  | 46,415

Security has been given on the loan by way of a fixed and floating charge over the undertaking and all property and assets present and future of the company.

#### 7. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 96,221) |  | ( 102,259)
Credited to the Statement of Income and Retained Earnings | 3,228 |  | 6,038
At the end of financial year | ( 92,993) |  | ( 96,221)

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1,000 A ordinary shares of £ 1.00 each | 1,000 |  | 1,000
10 B ordinary shares of £ 1.00 each | 10 |  | 10
10 C ordinary shares of £ 1.00 each | 10 |  | 10
10 D ordinary shares of £ 1.00 each | 10 |  | 10
| 1,030 |  | 1,030

#### 9. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 2025 |  | 2024
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 5,618 |  | 3,875

#### 10. Related party transactions

Transactions with owners holding a participating interest in the entity

As the Company is a 100% subsidiary of Mayhaven Healthcare Limited, the company has taken advantage of the exemption contained in s. 1AC.35 of FRS102, and has therefore not disclosed transactions or balances with its parent company.

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts owed to directors | 428,527 |  | 487,330

The amounts are repayable on demand and no interest is charged on the balances.