Company registration number 05410048 (England and Wales)
Sherbutt Residential Services Limited
Unaudited Financial Statements
For The Year Ended 30 September 2025
Pages For Filing With Registrar
SHERBUTT RESIDENTIAL SERVICES LIMITED
Sherbutt Residential Services Limited
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 10
SHERBUTT RESIDENTIAL SERVICES LIMITED
Sherbutt Residential Services Limited
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
5,001,283
5,055,005
Investments
5
8,490
8,490
5,009,773
5,063,495
Current assets
Debtors
6
221,694
55,844
Cash at bank and in hand
111,257
149,017
332,951
204,861
Creditors: amounts falling due within one year
7
(267,510)
(1,563,708)
Net current assets/(liabilities)
65,441
(1,358,847)
Total assets less current liabilities
5,075,214
3,704,648
Creditors: amounts falling due after more than one year
8
(573,047)
(732,681)
Net assets
4,502,167
2,971,967
Capital and reserves
Called up share capital
1,000
1,000
Revaluation reserve
9
1,494,359
1,494,359
Profit and loss reserves
3,006,808
1,476,608
Total equity
4,502,167
2,971,967
SHERBUTT RESIDENTIAL SERVICES LIMITED
Sherbutt Residential Services Limited
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2025
30 September 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 March 2026 and are signed on its behalf by:
Mrs L Woodhead
Mr D J Woodhead
Director
Director
Company registration number 05410048 (England and Wales)
SHERBUTT RESIDENTIAL SERVICES LIMITED
Sherbutt Residential Services Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
1
Accounting policies
Company information

Sherbutt Residential Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 106 Yapham Road, Pocklington, York, YO42 2DX.

1.1
Reporting period

These financial statements cover a 12 month period ending 30 September 2025. The previous period represents an 18 month period ending 30 September 2024. As a result, the comparative amounts presented, including the related notes, may not be directly comparable due to the difference in reporting periods.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.3
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
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.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

SHERBUTT RESIDENTIAL SERVICES LIMITED
Sherbutt Residential Services Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Freehold property
2% straight line / no depreciation on land element
Plant and machinery
25% reducing balance
Fixtures and fittings
10% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.7
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.8
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.9
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 current liabilities.

SHERBUTT RESIDENTIAL SERVICES LIMITED
Sherbutt Residential Services Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.10
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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.

SHERBUTT RESIDENTIAL SERVICES LIMITED
Sherbutt Residential Services Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 6 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.11
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.12
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

SHERBUTT RESIDENTIAL SERVICES LIMITED
Sherbutt Residential Services Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 7 -
1.13
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

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

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.15
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
38
36
3
Intangible fixed assets
Goodwill
£
Cost
At 1 October 2024 and 30 September 2025
880,000
Amortisation and impairment
At 1 October 2024 and 30 September 2025
880,000
Carrying amount
At 30 September 2025
-
0
At 30 September 2024
-
0
SHERBUTT RESIDENTIAL SERVICES LIMITED
Sherbutt Residential Services Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 8 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost or valuation
At 1 October 2024 and 30 September 2025
5,128,568
143,325
5,271,893
Depreciation and impairment
At 1 October 2024
88,373
128,515
216,888
Depreciation charged in the year
51,286
2,436
53,722
At 30 September 2025
139,659
130,951
270,610
Carrying amount
At 30 September 2025
4,988,909
12,374
5,001,283
At 30 September 2024
5,040,195
14,810
5,055,005

Land and buildings were revalued on 28 October 2022 by Stephensons Estate Agents and Chartered Surveyors and Sanderson Weatherall, independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties. The directors' are of the opinion that the value of land and buildings at 30 September 2025 was not materially different from the professional valuation.

Land and buildings are carried at valuation. If land and buildings were measured using the cost model, the carrying amounts would have been approximately £3,527,449 (2024 - £3,570,153), being cost £4,189,534 (2024 - £4,189,534) and depreciation £662,085 (2024 - £619,381).

The revaluation surplus is disclosed in note 9.

5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
8,490
8,490
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
146,206
8,528
Amounts owed by group undertakings
33,173
-
0
Other debtors
11,215
13,316
190,594
21,844
SHERBUTT RESIDENTIAL SERVICES LIMITED
Sherbutt Residential Services Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
6
Debtors
(Continued)
- 9 -
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
31,100
34,000
Total debtors
221,694
55,844

Amounts owed by group undertakings are unsecured, carry interest of 2% and are repayable on demand.

7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
167,905
161,638
Amounts owed to group undertakings
-
0
1,300,830
Taxation and social security
95,400
98,600
Other creditors
4,205
2,640
267,510
1,563,708

Included within bank loans is £7,909 (20 24 - £10,330) secured by the UK Government under the Bounce Back Loan Scheme and repayable over the period to June 2026. The remaining bank loans are secured against freehold property held in land and buildings.

Amounts owed to group undertakings are unsecured, carry interest of 2% and are repayable on demand.

8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
573,047
732,681

Included within bank loans is £nil (20 24 - £7,909) secured by the UK Government under the Bounce Back Loan Scheme and repayable over the period to June 2026. The remaining bank loans are secured against freehold property held in land and buildings.

Creditors which fall due after five years are as follows:
2025
2024
£
£
Payable by instalments
187,035
284,359
SHERBUTT RESIDENTIAL SERVICES LIMITED
Sherbutt Residential Services Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 10 -
9
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
1,494,359
1,494,359

See note 4 for further information.

10
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
190,710
131,639
11
Subsidiaries

Details of the company's subsidiaries at 30 September 2025 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Sherbutt Home Care Services Limited
Sherbutt View 104a Yapham Road, Pocklington, York, YO42 2DX
Provision of domiciliary home care services
Ordinary
100.00
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