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Registered number: 10701552 CAREBROOK HOLDINGS LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025
CAREBROOK HOLDINGS LIMITED COMPANY INFORMATION
Director | G Loughran
Registered number | 10701552
Registered office | 101 New Cavendish Street
| 1st Floor South
| London
| United Kingdom
| W1W 6XH
Independent auditors | Harris & Trotter LLP
| Chartered Accountants & Registered Auditors
| 101 New Cavendish Street
| 1st Floor South
| London
| United Kingdom
| W1W 6XH
CAREBROOK HOLDINGS LIMITED CONTENTS
| Page
Group Strategic Report | 1
Director's Report | 2 - 3
Independent Auditors' Report | 4 - 8
Consolidated Statement of Comprehensive Income | 9 - 10
Consolidated Balance Sheet | 11 - 12
Company Balance Sheet | 13 - 14
Consolidated Statement of Changes in Equity | 15
Company Statement of Changes in Equity | 16
Consolidated Statement of Cash Flows | 17 - 18
Consolidated Analysis of Net Debt | 19
Notes to the Financial Statements | 20 - 40
CAREBROOK HOLDINGS LIMITED GROUP STRATEGIC REPORT FOR THE YEAR ENDED 3 APRIL 2025
Introduction
The director presents the strategic report together with the audited financial statements for the year ended 03 April 2025.
Business review
The key financial highlights of the year are as below:
|  | 2025 | 2024
|  | £ | £
| Turnover | 31,136,271 | 26,265,957
| Profit before taxation | 1,297,080 | 1,634,898
| Shareholder funds | 14,429,767 | 13,358,359
|  | 46,863,118 | 1,634,898
Principal risks and uncertainties
The group's principal risks stem from the trading performance of the business. These include the levels of ongoing demand, and managing the businesses cash flow. The group manages these risks by continually enhancing management information systems to allow close monitoring of income and profitability. The group's principal financial instruments comprise bank balances, bank loans, and trade creditors. The main purpose of these instruments is to raise funds for the group's operations and to finance the group's operations. Due to the nature of the financial instruments used by the group there is no exposure to price risk. The group's approach to managing other risks applicable to the financial instruments concerned is shown below. Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet amounts due. This report was approved by the board on 10 March 2026 and signed on its behalf.
G Loughran Director
Page 1
CAREBROOK HOLDINGS LIMITED DIRECTOR'S REPORT FOR THE YEAR ENDED 3 APRIL 2025 The director presents his report and the financial statements for the year ended 3 April 2025.
Director's responsibilities statement
The director is responsible for preparing the Group Strategic Report, the Director's Report and the consolidated financial statements in accordance with applicable law and regulations. Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period. In preparing these financial statements, the director is required to: ∙select suitable accounting policies for the Group's financial statements and then apply them consistently; ∙make judgments 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 Group will continue in business. The director is 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 the Group and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Director
The director who served during the year was:
G Loughran
Disclosure of information to auditors
The director at the time when this Director's Report is approved has confirmed that: ∙so far as is aware, there is no relevant audit information of which the Company and the Group's auditors are unaware, and ∙ has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditors are aware of that information.
Auditors
The auditors, Harris & Trotter LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. Page 2
CAREBROOK HOLDINGS LIMITED DIRECTOR'S REPORT (CONTINUED) FOR THE YEAR ENDED 3 APRIL 2025 This report was approved by the board on 10 March 2026 and signed on its behalf.
G Loughran Director
Page 3
CAREBROOK HOLDINGS LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CAREBROOK HOLDINGS LIMITED
Opinion
We have audited the financial statements of Carebrook Holdings Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 03 April 2025, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Analysis of Net Debt, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, 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 Group's and of the Parent Company's affairs as at 03 April 2025 and of the Group's 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 Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 Group's or the Parent 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 director with respect to going concern are described in the relevant sections of this report. Page 4
CAREBROOK HOLDINGS LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CAREBROOK HOLDINGS LIMITED (CONTINUED)
Other information
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The director is responsible for the other information contained within the Annual Report. 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. 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 course of 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.
Opinion 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 Group Strategic Report and the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ∙the Group Strategic Report and the Director's Report 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 Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Director's Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: ∙adequate accounting records have not been kept by the Parent Company, or returns adequate for our audit have not been received from branches not visited by us; or ∙the Parent Company financial statements are not in agreement with the accounting records and returns; or ∙certain disclosures of director's remuneration specified by law are not made; or ∙we have not received all the information and explanations we require for our audit. Page 5
CAREBROOK HOLDINGS LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CAREBROOK HOLDINGS LIMITED (CONTINUED)
Responsibilities of directors
As explained more fully in the Director's Responsibilities Statement set out on page 2, the director is 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 director determines 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 director is responsible for assessing the Group's and the Parent 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 director either intends to liquidate the Group or the Parent Company or to cease operations, or has no realistic alternative but to do so. Page 6
CAREBROOK HOLDINGS LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CAREBROOK HOLDINGS LIMITED (CONTINUED)
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 an Auditors' 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 Group 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: Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK). In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following: • We obtained an understanding of the legal and regulatory frameworks applicable to the Group and the industry in which it operates. We determined that the following laws and regulations were most significant: FRS 102 and the Companies Act 2006. • We obtained an understanding of how the Group is complying with those legal and regulatory frameworks by making enquiries of management. • We challenged assumptions and judgments made by management in its significant accounting estimates; We did not identify any key audit matters relating to irregularities, including fraud. 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 Auditors' 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 Auditors' 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. Page 7
CAREBROOK HOLDINGS LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CAREBROOK HOLDINGS LIMITED (CONTINUED) Neville Newman (Senior Statutory Auditor) for and on behalf of Harris & Trotter LLP Chartered Accountants Registered Auditors 101 New Cavendish Street 1st Floor South London United Kingdom W1W 6XH 10 March 2026 Page 8
CAREBROOK HOLDINGS LIMITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 3 APRIL 2025
| 3 April | 3 April
| 2025 | 2024
Note | £ | £
Turnover |  | 31,136,271 | 26,265,957
Cost of sales |  | (10,812,834) | (9,774,694)
Gross profit |  | 20,323,437 | 16,491,263
Administrative expenses |  | (18,074,817) | (14,445,826)
Other operating income |  | 30,750 | 386,817
Fair value movements |  | - | 57,619
Operating profit |  | 2,279,370 | 2,489,873
Income from fixed assets investments |  | 5,138 | 6,048
(Loss)/profit on disposal of investments |  | (81,138) | -
Interest receivable and similar income |  | 40,652 | 41,236
Interest payable and similar expenses |  | (968,698) | (891,333)
Other finance income |  | 21,756 | (10,926)
Profit before taxation |  | 1,297,080 | 1,634,898
Tax on profit |  | (207,812) | (467,336)
Profit for the financial year |  | 1,089,268 | 1,167,562
Currency translation differences |  | (4,766) | 8,862
Other comprehensive income 1 |  | (13,094) | 26,586
Other comprehensive income for the year |  | (17,860) | 35,448
Total comprehensive income for the year |  | 1,071,408 | 1,203,010
Profit for the year attributable to: |  |  |
Non-controlling interests |  | 72,165 | (1,279)
Owners of the Parent Company |  | 1,017,103 | 1,168,841
|  | 1,089,268 | 1,167,562
Total comprehensive income for the year attributable to: |  |  |
Non-controlling interest |  | 72,165 | (1,279)
Owners of the Parent Company |  | 999,243 | 1,204,289
|  | 1,071,408 | 1,203,010
Page 9
CAREBROOK HOLDINGS LIMITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (CONTINUED) FOR THE YEAR ENDED 3 APRIL 2025
There were no recognised gains and losses for 2025 or 2024 other than those included in the consolidated statement of comprehensive income.
The notes on pages 20 to 40 form part of these financial statements.
Page 10
CAREBROOK HOLDINGS LIMITED REGISTERED NUMBER: 10701552 CONSOLIDATED BALANCE SHEET AS AT 3 APRIL 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 12 |  | 511,976 |  | 355,926
Tangible assets | 13 |  | 11,420,819 |  | 9,424,779
Investments | 14 |  | 233,248 |  | 603,551
Investment property | 15 |  | 18,557,935 |  | 18,557,935
|  |  | 30,723,978 |  | 28,942,191
Current assets |  |  |  |  |
Stocks | 16 | 132,361 |  | 129,147 |
Debtors: amounts due within one year | 17 | 3,246,406 |  | 2,234,820 |
Cash at bank and in hand | 18 | 2,914,092 |  | 2,496,399 |
|  | 6,292,859 |  | 4,860,366 |
Creditors: amounts due within one year | 19 | (9,165,182) |  | (9,127,247) |
Net current liabilities |  |  | (2,872,323) |  | (4,266,881)
Total assets less current liabilities |  |  | 27,851,655 |  | 24,675,310
Creditors: amounts falling due after more than one year | 20 |  | (12,190,527) |  | (10,025,847)
Provisions for liabilities |  |  |  |  |
Deferred taxation | 22 | (1,231,361) |  | (1,291,104) |
|  |  | (1,231,361) |  | (1,291,104)
Net assets excluding pension asset |  |  | 14,429,767 |  | 13,358,359
Net assets |  |  | 14,429,767 |  | 13,358,359
Capital and reserves |  |  |  |  |
Called up share capital | 23 |  | 100 |  | 100
Share premium account | 24 |  | 9,511,197 |  | 9,511,197
Foreign exchange reserve | 24 |  | 4,493 |  | 17,587
Other reserves | 24 |  | 742,500 |  | 742,500
Profit and loss account | 24 |  | 4,254,431 |  | 3,237,328
Equity attributable to owners of the Parent Company |  |  | 14,512,721 |  | 13,508,712
Non-controlling interests |  |  | (82,954) |  | (150,353)
|  |  | 14,429,767 |  | 13,358,359
Page 11
CAREBROOK HOLDINGS LIMITED REGISTERED NUMBER: 10701552 CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 3 APRIL 2025 The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 March 2026.
G Loughran
Director
The notes on pages 20 to 40 form part of these financial statements. Page 12
CAREBROOK HOLDINGS LIMITED REGISTERED NUMBER: 10701552 COMPANY BALANCE SHEET AS AT 3 APRIL 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 13 |  | 262,607 |  | 12,553
Investments | 14 |  | 9,711,382 |  | 10,081,685
Investment Property | 15 |  | 18,557,935 |  | 18,557,935
|  |  | 28,531,924 |  | 28,652,173
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 17 | 2,568,355 |  | 2,839,477 |
Cash at bank and in hand | 18 | 567,301 |  | 887,795 |
|  | 3,135,656 |  | 3,727,272 |
Creditors: amounts falling due within one year | 19 | (3,010,635) |  | (3,340,960) |
Net current assets |  |  | 125,021 |  | 386,312
Total assets less current liabilities |  |  | 28,656,945 |  | 29,038,485
Creditors: Amounts Falling Due After More Than One Year | 20 |  | (6,753,035) |  | (7,230,050)
Provisions for liabilities |  |  |  |  |
Deferred taxation | 22 | (499,117) |  | (499,117) |
|  |  | (499,117) |  | (499,117)
Net assets excluding pension asset |  |  | 21,404,793 |  | 21,309,318
Net assets |  |  | 21,404,793 |  | 21,309,318
Capital and reserves |  |  |  |  |
Called up share capital | 23 |  | 100 |  | 100
Share premium account | 24 |  | 9,511,197 |  | 9,511,197
Other reserves | 24 |  | 742,500 |  | 742,500
Profit and loss account brought forward |  | 11,055,521 |  | 11,212,192 |
Profit for the year |  | 95,475 |  | 265,084 |
Other changes in the profit and loss account |  | - |  | (421,755) |
Profit and loss account carried forward |  |  | 11,150,996 |  | 11,055,521
|  |  | 21,404,793 |  | 21,309,318
Page 13
CAREBROOK HOLDINGS LIMITED REGISTERED NUMBER: 10701552 COMPANY BALANCE SHEET (CONTINUED) AS AT 3 APRIL 2025 The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 March 2026.
G Loughran
Director
The notes on pages 20 to 40 form part of these financial statements. Page 14
CAREBROOK HOLDINGS LIMITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 3 APRIL 2025
| Called up share capital | Share premium account | Foreign exchange reserve | Other reserves | Profit and loss account
| £ | £ | £ | £ | £
At 1 April 2023 | 100 | 9,511,197 | (8,999) | 742,500 | 2,490,242
Profit for the period | - | - | - | - | 1,168,841
Currency translation differences | - | - | - | - | -
Foreign exchange difference | - | - | 26,586 | - | -
Dividends: Equity capital | - | - | - | - | (421,755)
| Equity attributable to owners of Parent Company | Non-controlling interests | Total equity
| £ | £ | £
At 1 April 2023 | 12,735,040 | (157,936) | 12,577,104
Profit for the period | 1,168,841 | (1,279) | 1,167,562
Currency translation differences | - | 8,862 | 8,862
Foreign exchange difference | 26,586 | - | 26,586
Dividends: Equity capital | (421,755) | - | (421,755)
At 4 April 2024 | 100 | 9,511,197 | 17,587 | 742,500 | 3,237,328
Profit for the year | - | - | - | - | 1,017,103
Currency translation differences | - | - | - | - | -
Foreign exchange difference | - | - | (13,094) | - | -
At 3 April 2025 | 100 | 9,511,197 | 4,493 | 742,500 | 4,254,431
At 4 April 2024 | 13,508,712 | (150,353) | 13,358,359
Profit for the year | 1,017,103 | 72,165 | 1,089,268
Currency translation differences | - | (4,766) | (4,766)
Foreign exchange difference | (13,094) | - | (13,094)
At 3 April 2025 | 14,512,721 | (82,954) | 14,429,767
| The notes on pages 20 to 40 form part of these financial statements.
Page 15
CAREBROOK HOLDINGS LIMITED COMPANY STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 3 APRIL 2025
| Called up share capital | Share premium account | Other reserves | Profit and loss account | Total equity
| £ | £ | £ | £ | £
At 1 April 2023 | 100 | 9,511,197 | 742,500 | 11,212,192 | 21,465,989
Comprehensive income for the period |  |  |  |  |
Profit for the period | - | - | - | 265,084 | 265,084
Dividends: Equity capital | - | - | - | (421,755) | (421,755)
At 4 April 2024 | 100 | 9,511,197 | 742,500 | 11,055,521 | 21,309,318
Profit for the year | - | - | - | 95,475 | 95,475
At 3 April 2025 | 100 | 9,511,197 | 742,500 | 11,150,996 | 21,404,793
| The notes on pages 20 to 40 form part of these financial statements.
Page 16
CAREBROOK HOLDINGS LIMITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 3 APRIL 2025
|  |  | 2025 | 2024
|  |  | £ | £
Cash flows from operating activities |  |
Profit for the financial year | 1,089,268 | 1,167,562
Adjustments for: |  |
Amortisation of intangible assets | 131,109 | 13,154
Depreciation of tangible assets | 1,688,886 | 1,295,606
Loss on disposal of tangible assets | 647,065 | -
Interest paid | 968,698 | 891,333
Interest received | (40,652) | (47,284)
Taxation charge | 207,812 | 467,336
(Increase) in stocks | (3,214) | (37,757)
(Increase)/decrease in debtors | (1,011,586) | 2,705,213
Increase/(decrease) in creditors | 199,819 | (294,031)
Net fair value losses/(gains) recognised in P&L | - | (57,619)
Corporation tax (paid) | (132,347) | (66,216)
Foreign exchange | (17,860) | 10,952
Net cash generated from operating activities | 3,726,998 | 6,048,249
Cash flows from investing activities |  |
Purchase of intangible fixed assets | (287,159) | (216,565)
Sale of intangible assets | - | (6,194,772)
Purchase of tangible fixed assets | (4,255,991) | -
Interest received | 40,652 | 41,236
Dividends received | - | 6,048
Net cash from investing activities | (4,502,498) | (6,364,053)
Cash flows from financing activities |  |
New secured loans | 2,423,955 | 781,227
Repayment of loans | (262,064) | -
Repayment of other loans | - | (8,028)
Dividends paid | - | (421,755)
Interest paid | (968,698) | (891,333)
Net cash used in financing activities | 1,193,193 | (539,889)
Net increase/(decrease) in cash and cash equivalents | 417,693 | (855,693)
Cash and cash equivalents at beginning of year | 2,496,399 | 3,352,092
Cash and cash equivalents at the end of year | 2,914,092 | 2,496,399
Page 17
CAREBROOK HOLDINGS LIMITED CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 3 APRIL 2025
|  | 2025 | 2024
|  | £ | £
Cash and cash equivalents at the end of year comprise: |  |
Cash at bank and in hand | 2,914,092 | 2,496,399
| 2,914,092 | 2,496,399
The notes on pages 20 to 40 form part of these financial statements.
Page 18
CAREBROOK HOLDINGS LIMITED CONSOLIDATED ANALYSIS OF NET DEBT FOR THE YEAR ENDED 3 APRIL 2025
| At 4 April 2024 | Cash flows | At 3 April 2025
| £ | £ | £
Cash at bank and in hand | 2,496,399 | 417,693 | 2,914,092
Debt due after 1 year | (10,025,847) | (1,701,797) | (11,727,644)
Debt due within 1 year | (1,283,393) | (814,447) | (2,097,840)
| (8,812,841) | (2,098,551) | (10,911,392)
The notes on pages 20 to 40 form part of these financial statements.
Page 19
CAREBROOK HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025
1. | General information
Carebrook Holdings Limited is a private company limited by shares and incorporated in England & Wales (registered number 10701552). The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH. The financial statements are presented in Sterling, which is the functional currency of the Company. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies. The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements. The following principal accounting policies have been applied:
| 2.2 | Basis of consolidation
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full. The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases. In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 01 January 2016.
| 2.3 | Going concern
In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis. Page 20
CAREBROOK HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025 2.Accounting policies (continued)
| 2.4 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Consolidated Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. On consolidation, the results of overseas operations are translated into Sterling at rates approximating to those ruling when the transactions took place. All assets and liabilities of overseas operations are translated at the rate ruling at the reporting date. Exchange differences arising on translating the opening net assets at opening rate and the results of overseas operations at actual rate are recognised in other comprehensive income. Page 21
CAREBROOK HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025 2.Accounting policies (continued)
| 2.5 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Group has transferred the significant risks and rewards of ownership to the buyer; ∙the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Group will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Group will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.6 | Research and development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
| 2.7 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 22
CAREBROOK HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025 2.Accounting policies (continued)
| 2.8 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that 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.
| 2.9 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.10 | Pensions
Defined contribution pension plan The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Group in independently administered funds.
| 2.11 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company and the Group operate and generate income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and ∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Page 23
CAREBROOK HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025 2.Accounting policies (continued)
| 2.12 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
| 2.13 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Long-term leasehold property | - | straight-line over the life of the lease
|  |  |  | Plant and machinery | - | 25% reducing balance
|  |  |  | Motor vehicles | - |
|  |  |  | Fixtures and fittings | - | 25% reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.14 | Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.15 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted Group shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Consolidated Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period. Page 24
CAREBROOK HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025 2.Accounting policies (continued)
| 2.16 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.17 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.18 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. In the Consolidated Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.
| 2.19 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.20 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss. Page 25
CAREBROOK HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025
3. | Turnover
| An analysis of turnover by class of business is as follows:
|  |  |  |  | 3 April | 3 April
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Retail sales | 30,464,441 | 25,622,274
| Rent receivable | 671,830 | 643,683
|  | 31,136,271 | 26,265,957
Analysis of turnover by country of destination:
|  |  |  |  | 3 April | 3 April
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| United Kingdom | 31,136,271 | 26,265,957
|  | 31,136,271 | 26,265,957
4. | Other operating income
|  |  |  |  | 3 April | 3 April
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Insurance claims receivable | - | 386,817
| Sundry income | 30,750 | -
|  | 30,750 | 386,817
Page 26
CAREBROOK HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025
5. | Operating profit
| The operating profit is stated after charging:
|  |  |  |  | 3 April | 3 April
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Research & development charged as an expense | - | 17,500
| Exchange differences | 107,756 | 54,710
6. | Auditors' remuneration
| During the year, the Group obtained the following services from the Company's auditors:
|  |  |  |  | 3 April | 3 April
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fees payable to the Company's auditors for the audit of the consolidated and parent Company's financial statements | 39,600 | 39,600
7. | Employees
| Staff costs were as follows:
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Wages and salaries | 8,365,226 | 6,744,204 | 42,039 | 17,386
| Social security costs | 724,976 | 478,544 | 3,649 | 1,660
| Cost of defined contribution scheme | 86,387 | 128,959 | 938 | 410
|  | 9,176,589 | 7,351,707 | 46,626 | 19,456
| The average monthly number of employees in the Group, including the director, during the year was as follows:
|  |  | 3 April | 3 April
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Employees | 282 | 282
Page 27
CAREBROOK HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025
8. | Income from investments
|  |  |  |  | 3 April | 3 April
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Income from current asset investments | (5,138) | (6,048)
|  | (5,138) | (6,048)
9. | Interest receivable
|  |  |  |  | 3 April | 3 April
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other interest receivable | 40,652 | 41,236
|  | 40,652 | 41,236
10. | Interest payable and similar expenses
|  |  |  |  | 3 April | 3 April
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank interest payable | 968,698 | 891,333
|  | 968,698 | 891,333
Page 28
CAREBROOK HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025
11. | Taxation
|  |  |  |  | 3 April | 3 April
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax |  |
| Current tax on profits for the year | 267,555 | 198,564
|  | 267,555 | 198,564
| Total current tax | 267,555 | 198,564
| Deferred tax |  |
| Origination and reversal of timing differences | (59,743) | 268,772
| Total deferred tax | (59,743) | 268,772
|  | 207,812 | 467,336
| Factors affecting tax charge for the year/period
| The tax assessed for the year/period is lower than (2024 - higher than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:
|  |  |  |  | 3 April | 3 April
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 1,297,080 | 1,634,898
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%) | 343,270 | 408,725
| Effects of: |  |
| Expenses not deductible for tax purposes, other than goodwill amortisation and impairment | 108,312 | 14,240
| Capital allowances for year/period in excess of depreciation | (189,722) | (202,570)
| Deferred tax | (59,743) | 268,772
| Other timing differences leading to an increase (decrease) in taxation | 5,695 | -
| Non-taxable income | - | (21,831)
| Total tax charge for the year/period | 207,812 | 467,336
Page 29
CAREBROOK HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025 11.Taxation (continued)
| Factors that may affect future tax charges
There were no factors that may affect future tax charges.
12. | Intangible assets
| Group and Company
|  | Patents
|  | £
| Cost |
| At 4 April 2024 | 402,454
| Additions | 287,159
| At 3 April 2025 | 689,613
| Amortisation |
| At 4 April 2024 | 46,528
| Charge for the year on owned assets | 131,109
| At 3 April 2025 | 177,637
| Net book value |
| At 3 April 2025 | 511,976
| At 3 April 2024 | 355,926
Page 30
CAREBROOK HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025
13. | Tangible fixed assets
| Group
|  | Long-term leasehold property | Plant and machinery | Motor vehicles | Fixtures and fittings | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 4 April 2024 | 4,054,095 | 2,905,623 | - | 8,158,604 | 15,118,322
| Additions | 2,694,365 | 170,525 | 165,169 | 1,227,382 | 4,257,441
| Disposals | - | (2,209) | - | (568,856) | (571,065)
| At 3 April 2025 | 6,748,460 | 3,073,939 | 165,169 | 8,817,130 | 18,804,698
| Depreciation |  |  |  |  |
| At 4 April 2024 | 673,403 | 205,699 | - | 4,814,442 | 5,693,544
| Charge for the year on owned assets | 600,324 | 203,726 | 40,559 | 845,726 | 1,690,335
| At 3 April 2025 | 1,273,727 | 409,425 | 40,559 | 5,660,168 | 7,383,879
| Net book value |  |  |  |  |
| At 3 April 2025 | 5,474,733 | 2,664,514 | 124,610 | 3,156,962 | 11,420,819
| At 3 April 2024 | 3,380,692 | 2,699,924 | - | 3,344,163 | 9,424,779
| The net book value of land and buildings may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Long leasehold | 5,474,732 | 3,382,141
|  | 5,474,732 | 3,382,141
Page 31
CAREBROOK HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025 13.Tangible fixed assets (continued)
| Company
|  | Long-term leasehold property | Plant and machinery | Motor vehicles | Fixtures and fittings | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 4 April 2024 | 11,462 | 1,747 | - | - | 13,209
| Additions | - | 147,222 | 131,316 | 27,586 | 306,124
| At 3 April 2025 | 11,462 | 148,969 | 131,316 | 27,586 | 319,333
| Depreciation |  |  |  |  |
| At 4 April 2024 | 452 | 204 | - | - | 656
| Charge for the year on owned assets | - | 12,963 | 38,329 | 4,778 | 56,070
| At 3 April 2025 | 452 | 13,167 | 38,329 | 4,778 | 56,726
| Net book value |  |  |  |  |
| At 3 April 2025 | 11,010 | 135,802 | 92,987 | 22,808 | 262,607
| At 3 April 2024 | 11,010 | 1,543 | - | - | 12,553
| The net book value of land and buildings may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Long leasehold | 11,010 | -
|  | 11,010 | -
Page 32
CAREBROOK HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025
14. | Fixed asset investments
| Group
|  | Listed investments | Unlisted investments | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 4 April 2024 | 370,303 | 233,248 | 603,551
| Disposals | (370,303) | - | (370,303)
| At 3 April 2025 | - | 233,248 | 233,248
| Company
|  | Investments in subsidiary companies | Listed investments | Unlisted investments | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 4 April 2024 | 9,511,296 | 370,303 | 200,086 | 10,081,685
| Disposals | - | (370,303) | - | (370,303)
| At 3 April 2025 | 9,511,296 | - | 200,086 | 9,711,382
| Subsidiary undertakings
| The following were subsidiary undertakings of the Company:
| Name | Class of shares | Holding
| Carebrook Limited | Ordinary | 100%
| Carebrook (Camden Market) Limited | Ordinary | 100%
| Carebrook (Walthamstow) Limited | Ordinary | 100%
| Vauxhall London Limited | Ordinary | 100%
| Carebrook Partnership (NI) Limited | Ordinary | 100%
| Carebrook Partnership Limited | Ordinary | 75%
| Carebrook Dublin Property Limited | Ordinary | 100%
Page 33
CAREBROOK HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025 Subsidiary undertakings (continued)
| The aggregate of the share capital and reserves as at 3 April 2025 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
| Name | Aggregate of share capital and reserves | Profit/(Loss)
|  | £ | £
| Carebrook Limited | 2,141,130 | 251,531
| Carebrook (Camden Market) Limited | 635,574 | 243,000
| Carebrook (Walthamstow) Limited | 1 | -
| Vauxhall London Limited | 1 | -
| Carebrook Partnership (NI) Limited | (58,222) | 23,987
| Carebrook Partnership Limited | (177,525) | 288,658
| Carebrook Dublin Property Limited | (75,863) | (35,160)
Page 34
CAREBROOK HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025
15. | Investment property
| Group
|  | Long term leasehold investment property
|  | £
| Valuation |
| At 4 April 2024 | 18,557,935
| At 3 April 2025 | 18,557,935
The 2025 valuations were made by director, on an open market value basis.
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Historic cost | 16,570,833 | 16,570,833
|  | 16,570,833 | 16,570,833
| Company
|  | Long term leasehold investment property
|  | £
| Valuation |
| At 4 April 2024 | 18,557,935
| At 3 April 2025 | 18,557,935
The 2025 valuations were made by director, on an open market value basis.
Page 35
CAREBROOK HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025
16. | Stocks
|  | Group | Group
|  | 2025 | 2024
|  | £ | £
| Finished goods and goods for resale | 132,361 | 129,147
|  | 132,361 | 129,147
| The difference between purchase price or production cost of stocks and their replacement cost is not material.
17. | Debtors
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Trade debtors | 221,096 | 594,439 | 17,871 | 66,781
| Amounts owed by group undertakings | - | - | 2,536,218 | 2,661,081
| Other debtors | 1,663,059 | 541,970 | - | -
| Prepayments and accrued income | 1,362,251 | 1,098,411 | 14,266 | 111,615
|  | 3,246,406 | 2,234,820 | 2,568,355 | 2,839,477
18. | Cash and cash equivalents
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Cash at bank and in hand | 2,914,092 | 2,496,399 | 567,301 | 887,795
|  | 2,914,092 | 2,496,399 | 567,301 | 887,795
Page 36
CAREBROOK HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025
19. | Creditors: Amounts falling due within one year
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Bank loans | 1,266,777 | 1,269,566 | 495,625 | 440,746
| Other loans | 15,879 | 11,442 | - | -
| Trade creditors | 2,585,870 | 1,781,308 | 241,420 | 78
| Amounts owed to group undertakings | - | - | 1,744,043 | 2,561,462
| Corporation tax | 267,555 | 132,348 | 57,229 | 62,955
| Other taxation and social security | 583,858 | 514,944 | 25,829 | 41,346
| Other creditors | 598,334 | 923,638 | 349,275 | 82,568
| Accruals and deferred income | 3,846,909 | 4,494,001 | 97,214 | 151,805
|  | 9,165,182 | 9,127,247 | 3,010,635 | 3,340,960
20. | Creditors: Amounts falling due after more than one year
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Bank loans | 12,190,527 | 10,025,847 | 6,753,035 | 7,230,050
|  | 12,190,527 | 10,025,847 | 6,753,035 | 7,230,050
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CAREBROOK HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025
21. | Loans
| Analysis of the maturity of loans is given below:
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Amounts falling due within one year |  |  |  |
| Bank loans | 1,266,777 | 1,269,566 | 495,625 | 440,746
| Other loans | 15,879 | 11,442 | - | -
|  | 1,282,656 | 1,281,008 | 495,625 | 440,746
| Amounts falling due 1-2 years |  |  |  |
| Bank loans | 1,288,146 | 954,721 | - | -
|  | 1,288,146 | 954,721 | - | -
| Amounts falling due 2-5 years |  |  |  |
| Bank loans | 6,131,847 | 4,041,318 | 1,982,502 | 2,771,922
|  | 6,131,847 | 4,041,318 | 1,982,502 | 2,771,922
| Amounts falling due after more than 5 years |  |  |  |
| Bank loans | 4,770,533 | 5,029,808 | 4,770,533 | 4,458,127
|  | 4,770,533 | 5,029,808 | 4,770,533 | 4,458,127
|  | 13,473,182 | 11,306,855 | 7,248,660 | 7,670,795
22. | Deferred taxation
| Group
|  | 2025
|  | £
| At beginning of year | (1,291,104)
| Charged to profit or loss | 59,743
| At end of year | (1,231,361)
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CAREBROOK HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025 22.Deferred taxation (continued)
| Company
|  | 2025
|  | £
| At beginning of year | (499,117)
| At end of year | (499,117)
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Accelerated capital allowances | (732,244) | (791,987) | - | -
| Revaluation surplus | (499,117) | (499,117) | (499,117) | (499,117)
|  | (1,231,361) | (1,291,104) | (499,117) | (499,117)
23. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary shares of £1.00 each | 100 | 100
24. | Reserves
Share premium account Includes all premiums paid on the acquisition of share capital. Foreign exchange reserve Includes all adjustments for differences on foreign exchange on consolidation. Profit and loss account Includes all current and prior period retained profits and losses. Page 39
CAREBROOK HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2025
25. | Pension commitments
The group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group. Contributions totaling £3,026 (2024: £2,385) were payable to the fund at the balance sheet date and are included in creditors.
26. | Related party transactions
| The group has taken advantage of the exemption available in FRS 102, section 33, whereby it has not disclosed transactions with any wholly owned subsidiary undertaking.
27. | Controlling party
The ultimate controlling party is G Loughran.
Page 40