Company registration number 09915808 (England and Wales)
BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
COMPANY INFORMATION
Directors
S Devon
(Appointed 13 September 2024)
L S J Smith
(Appointed 10 April 2024)
L J Perry
Company number
09915808
Registered office
Unit 10b, Six Business Park
Clayfield Road
Worcester
WR4 0AE
Auditor
Bishop Fleming Audit Limited
10 Temple Back
Bristol
United Kingdom
BS1 6FL
BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3 - 4
Independent auditor's report
5 - 8
Statement of comprehensive income
9
Balance sheet
10
Statement of changes in equity
11
Notes to the financial statements
12 - 22
BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The directors present the strategic report for the year ended 31 December 2024.

Principal activities

The principal activity of the company continued to be that of operating nursing and residential care home for the elderly.

Berkley Care vision and values

As we continue to grow and evolve as an organisation over time, we remain committed to putting our residents at the heart of all that we do. Our employees are key to helping us achieve this.

Our mission is to empower people to live well today and thrive tomorrow. We do this by providing luxury living with a focus on wellness and fun, alongside our three core values:

Trust

To be sincere, transparent and empathetic when working with residents.

Initiative

To elevate the skills of our staff, ensuring all team members are committed to our residents and work with courage.

Responsibility

To work with integrity, strive to provide the best quality and ensure that our actions are sustainable.

Review of the business

During the year, the Company had turnover of £5,558,420 and made a profit of £554,539. Net assets at year end stood at £3,305,506.

Turnover increased on prior year. This growth was supported by higher average weekly fee and improved occupancy level.

The company continued to invest in the refurbishment of the home to reflect Berkley's commitment to helping residents live well.

Principal risks and uncertainties

The company is subject to a number of risks and uncertainties. Management consider that the key risks and uncertainties arise as a result of UK Government's wider migration policy and underfunding in social care in the UK, with policy changes such as continued increases in the National Living Wage and the rights and requirements for recruiting international care workers already in England before recruiting from overseas, it can add additional complexity and costs for the Company's ability to recruit sufficient staff.

Macro economic challenges as well as inflation are having a wider impact on our residents and their families, resulting in more of our residents moving into care later in life, when they have increasing care needs.

Development and performance

The Company operates as part of the Berkley Care Group (BCG) business, which is the UK's all inclusive and award-winning luxury care home provider. C edar Mews care home can accommodate 7 3 residents and the average occupancy is 92%. 71% of the residents are privately funded as of 31 December 2024 and it is currently rated good by the Care Quality Commission (CQC).

BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
Key performance indicators

The key performance indicators used by the company include turnover and profit for the year. The company is forecasted to increase turnover and be profitable in 2025. Key performance indicators are constantly monitored, analysed and reviewed on a regular basis.

Non financial indicators are average occupancy, average weekly fee, staff turnover and residents and their relatives' satisfaction. Our aim is to increase occupancy through targeted and effective marketing, maintain staff turnover to a low level by investing in our people and continue to provide the best quality care and experience to our residents.

On behalf of the board

S Devon
Director
1 April 2026
BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -

The directors present their annual report and financial statements for the year ended 31 December 2024.

Results and dividends

The results for the year are set out on page 9.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

S Devon
(Appointed 13 September 2024)
L S J Smith
(Appointed 10 April 2024)
L J Perry
Auditor

Bishop Fleming Audit Limited were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Statement of directors' responsibilities

The directors are responsible 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 then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; 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.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption, provided by section 415A of the Companies Act 2006.

BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
On behalf of the board
S Devon
Director
1 April 2026
BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
- 5 -

Disclaimer of opinion

We were engaged to audit the financial statements of Berkley Care Cedar Mews Limited previously known as Birstall Care Services Limited (the 'company') for the year ended 31 December 2024 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including 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).

We do not express an opinion on the accompanying financial statements. Because of the significance of the matter described in the 'Basis for Disclaimer of Opinion' section of our report, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on these financial statements.

Basis for disclaimer of opinion

In the prior year, there was a disclaimer of opinion. This was due to the Company not maintaining adequate books and records in the period preceding the comparable period, and a result we ha d not been able to obtain sufficient audit evidence over the opening balances of the Company in connection with the year ended 31 December 2023 and therefore over any potential linked impact on the Statement of comprehensive income for the year ended 31 December 2023. As we cannot quantify the effects of this on the comparable period within the financial statements we are issuing a disclaimer of opinion.

Opinions on other matters prescribed by the Companies Act 2006

Because of the significance of the matter described in the basis for disclaimer of opinion section of our report, we have been unable to form an opinion, whether based on the work undertaken in the course of the audit:

- the information given in the Strategic and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the Strategic and Directors' Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

Notwithstanding our disclaimer of an opinion on the financial statements, in the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit performed subject to the pervasive limitation described above, we have not identified material misstatements in the Strategic and Directors' Report.

Arising from the limitation of our work referred to above:

- we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and

- we were unable to determine if the financial statements are in agreement with the accounting records and returns; and

- we were unable to determine whether adequate accounting records have been kept

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:

- returns adequate for our audit have not been received from branches not visited by us; or

- certain disclosures of Directors' remuneration specified by law are not made

BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED (CONTINUED)
- 6 -
Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, 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's responsibilities for the audit of the financial statements

Our responsibility is to conduct an audit of the company’s financial statements in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law and to issue an auditor’s report.

However, because of the matters described in the basis for disclaimer of opinion section of our report, we were not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on the financial statements.

We are independent of the company 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.

Report on other legal and regulatory requirements

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:

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we have considered the following:

- the nature of the industry and sector, control environment and business performance;

- the results of our enquiries of management and the directors about their own identification and assessment of the risk of irregularities;

- any matters we identified having obtained and reviewed the Company’s documentation of their policies and procedures relating to:

  - identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

  - detecting and responding to the risk of fraud and whether they have knowledge of actual, suspected, or alleged fraud; and

  - the internal controls established to mitigate the risks of fraud or non-compliance with laws and regulations.

- the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and potential indicators of fraud.

BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED (CONTINUED)
- 7 -

As a result of these procedures, we considered the opportunities and incentives that may exist within the

organisation for fraud, and incorrect recognition of revenue was identified as the greatest potential area for fraud.

In common with all audits under ISAs (UK) we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in,

focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures within the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, Financial Reporting Standard 102 and UK tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the

financial statements but compliance with which may be fundamental to the Company’s ability to operate or to avoid a material penalty. These included health and safety, employment and Care Quality Commission regulations.

Our planned procedures to respond to the risks identified included the following:

- undertaking various substantive tests of detail in relation to the recognition of revenue;

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management concerning actual and potential litigation claims;

- reviewing the financial statement disclosures and testing to supporting documentation to assess the recognition of revenue; and

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgments made in making accounting estimates are indicative of a potential bias and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

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 or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://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 member 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 member those matters we are required to state to the member 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 member, for our audit work, for this report, or for the opinions we have formed.

BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED (CONTINUED)
- 8 -
John Talbot (Senior Statutory Auditor)
For and on behalf of Bishop Fleming Audit Limited, Statutory Auditor
Chartered Accountants
10 Temple Back
Bristol
BS1 6FL
United Kingdom
8 April 2026
BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
2024
2023
Notes
£
£
Turnover
3
5,558,420
5,301,984
Cost of sales
(2,785,868)
(2,552,464)
Gross profit
2,772,552
2,749,520
Administrative expenses
(2,018,354)
(1,854,406)
Operating profit
4
754,198
895,114
Interest payable and similar expenses
6
(1,191)
(24,706)
Profit before taxation
753,007
870,408
Tax on profit
7
(198,468)
(167,769)
Profit for the financial year
554,539
702,639

The profit and loss account has been prepared on the basis that all operations are continuing operations.

BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 10 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
8
395,144
210,381
Current assets
Stocks
9
10,561
10,561
Debtors
10
4,690,906
4,860,899
Cash at bank and in hand
149,561
721,392
4,851,028
5,592,852
Creditors: amounts falling due within one year
11
(1,885,011)
(3,017,019)
Net current assets
2,966,017
2,575,833
Total assets less current liabilities
3,361,161
2,786,214
Provisions for liabilities
Deferred tax liability
13
55,655
35,247
(55,655)
(35,247)
Net assets
3,305,506
2,750,967
Capital and reserves
Called up share capital
15
1
1
Profit and loss reserves
3,305,505
2,750,966
Total equity
3,305,506
2,750,967

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 1 April 2026 and are signed on its behalf by:
S Devon
Director
Company registration number 09915808 (England and Wales)
BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 11 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2023
1
2,048,327
2,048,328
Period ended 31 December 2023:
Profit and total comprehensive income
-
702,639
702,639
Balance at 31 December 2023
1
2,750,966
2,750,967
Year ended 31 December 2024:
Profit and total comprehensive income
-
554,539
554,539
Balance at 31 December 2024
1
3,305,505
3,305,506
BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 12 -
1
Accounting policies
Company information

Berkley Care Cedar Mews Limited previously known as Birstall Care Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 10b, Six Business Park, Clayfield Road, Worcester, WR4 0AE.

1.1
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.

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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

· the requirements of Section 7 Statement of Cash Flows.

· the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

· the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Neptune Opco Bidco Ltd as at 31 December 2024 and these financial statements are available from its registered office Unit 10b, Six Business Park, Clayfield Road, Worcester WR4 0AE.

1.2
Going concern

Treasury management is undertaken by the directors on a group wide basis, being from the perspective of the company's current ultimate parent, Neptune Opco Bidco Ltd, and its subsidiaries (the "Group"). Each company within the Group is party to a letter of support, stating that such financial support as is necessary will be provided to each company within the Group to ensure that it can meet its day to day working capital requirements for a period of at least 12 months from the date of approval of the financial statements, and that no balances owed to Group companies will be called for payment unless such funds as are necessary are available without jeopardising the ability of the company to continue to trade.true

The directors have prepared cash flow forecasts which cover a period of at least the 12 months from the date of approval of these financial statements which include a number of assumptions that the directors are satisfied are reasonable, and that there is sufficient headroom to tolerate a moderate downside.

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

BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 13 -
1.3
Turnover

Turnover is measured as the consideration specified in a contract with a resident and is recognised when control of a service is transferred to a resident.

The Company recognises its revenue from resident care fees that typically relate to services that have fixed transaction prices and there is generally no significant judgement required when considering the time pattern of revenue recognition. Every resident has an individual contract that specifies the service being provided, being the performance obligation and the transaction price. The performance obligation is the provision of care which is satisfied over the period of the contract as such the turnover is recognised as the service is transferred to the resident.

1.4
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 recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% straight line
Fixtures and fittings
20% straight line
Computers
50% straight line
Motor vehicles
20% 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.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible 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). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) 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.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 14 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
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.

1.8
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.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 15 -
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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are s ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 16 -
Derecognition of financial liabilities

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

1.9
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.

1.10
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.

1.11
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.

1.12
Retirement benefits

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

BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 17 -
1.13
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

In the opinion of the directors, there are no key judgements or significant accounting estimates.

3
Turnover
2024
2023
£
£
Turnover analysed by class of business
Care home operations
5,558,420
5,301,984
2024
2023
£
£
Turnover analysed by geographical market
United Kingdom
5,558,420
5,301,984
4
Operating profit
2024
2023
Operating profit for the year is stated after charging:
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
23,172
21,513
Depreciation of owned tangible fixed assets
112,857
78,499
Operating lease charges
1,051,297
931,652
BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 18 -
5
Employees

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

2024
2023
Number
Number
Administration and support
5
6
Care
94
88
Total
99
94

Their aggregate remuneration comprised:

2024
2023
£
£
Wages and salaries
2,352,910
2,095,325
Pension costs
40,582
34,312
2,393,492
2,129,637
6
Interest payable and similar expenses
2024
2023
£
£
Interest on finance leases and hire purchase contracts
-
212
Other interest
1,191
24,494
1,191
24,706
7
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
167,427
160,638
Adjustments in respect of prior periods
10,633
-
0
Total current tax
178,060
160,638
Deferred tax
Origination and reversal of timing differences
20,408
7,131
Total tax charge
198,468
167,769
BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
7
Taxation
(Continued)
- 19 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2024
2023
£
£
Profit before taxation
753,007
870,408
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2023: 23.52%)
188,252
204,720
Tax effect of expenses that are not deductible in determining taxable profit
80
21,805
Adjustments in respect of prior years
11,430
(73,010)
Effect of change in corporation tax rate
-
0
426
Group relief
-
0
13,828
Deferred tax adjustments in respect of prior years
(1,294)
-
0
Taxation charge for the year
198,468
167,769
8
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2024
184,760
256,934
57,517
65,167
564,378
Additions
30,335
251,819
15,466
-
0
297,620
At 31 December 2024
215,095
508,753
72,983
65,167
861,998
Depreciation and impairment
At 1 January 2024
130,526
113,770
50,520
59,181
353,997
Depreciation charged in the year
31,573
69,435
7,030
4,819
112,857
At 31 December 2024
162,099
183,205
57,550
64,000
466,854
Carrying amount
At 31 December 2024
52,996
325,548
15,433
1,167
395,144
At 31 December 2023
54,234
143,164
6,997
5,986
210,381
9
Stocks
2024
2023
£
£
Raw materials and consumables
10,561
10,561
BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 20 -
10
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
160,605
337,973
Amounts owed by group undertakings
4,142,851
4,493,222
Other debtors
259,790
500
Prepayments and accrued income
127,660
29,204
4,690,906
4,860,899
11
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Obligations under finance leases
12
5,167
5,167
Trade creditors
527,155
63,807
Amounts owed to group undertakings
312,788
1,826,369
Amounts owed to group undertakings - other
400,278
-
Corporation tax
10,633
296,025
Other taxation and social security
64,960
67,801
Other creditors
354,457
558,318
Accruals and deferred income
209,573
199,532
1,885,011
3,017,019
12
Finance lease obligations
2024
2023
Future minimum lease payments due under finance leases:
£
£
Within one year
5,167
5,167

Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

13
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
55,655
35,247
BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
13
Deferred taxation
(Continued)
- 21 -
2024
Movements in the year:
£
Liability at 1 January 2024
35,247
Charge to profit or loss
20,408
Liability at 31 December 2024
55,655

The deferred tax liability set out above is expected to reverse within 12 months and relates to accelerated capital allowances that are expected to mature within the same period.

14
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
40,582
34,312

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

15
Share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
16
Operating lease commitments
Lessee

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

2024
2023
£
£
Within one year
1,216,950
1,001,000
Between two and five years
4,867,800
4,004,000
In over five years
14,603,400
9,259,250
20,688,150
14,264,250
BERKLEY CARE CEDAR MEWS LIMITED PREVIOUSLY KNOWN AS BIRSTALL CARE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 22 -
17
Ultimate controlling party

At the balance Sheet date, the Company's immediate parent was Berkley Care Group Limited, formerly, Korian UK Limited.

On 10 April 2024, Clariane SE (a company registered in France) sold its activities in the United Kingdom to Neptune Opco Bidco Ltd. As of that date Neptune Opco Bidco Ltd became the ultimate parent of the Company.

The smallest group is Berkley Care Group Ltd and the largest group is Neptune Opco Bidco Ltd. Th e Company's results are consolidated are the financial statements of Neptune Opco Bidco Ltd, the ultimate parent company. Copies of the consolidated financial statements are available from its registered office: Unit 10b, Six Business Park, Clayfield Road, Worcester WR4 0AE.

There is no ultimate controlling party.

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