Llangoedmor Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01627747 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

LLANGOEDMOR PROPERTIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs B Brainch

Mr B S Brainch

Mr P P Mamtora

Mr S K Sheth

Mr A K Sheth

REGISTERED OFFICE:

13-14 Gelliwastad Road

Pontypridd

Mid Glamorgan

CF37 2BW

REGISTERED NUMBER:

01627747 (England and Wales)

ACCOUNTANTS:

Sullivans Chartered Accountants

13-14 Gelliwastad Road

Pontypridd

Rhondda Cynon Taf

CF37 2BW

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

1,045,317

1,001,698

1,045,317

1,001,698

CURRENT ASSETS

Stocks

6,454

6,162

Debtors

6

410,163

126,468

Cash at bank and in hand

149,686

199,820

566,303

332,450

CREDITORS

Amounts falling due within one year

7

314,717

277,274

NET CURRENT ASSETS

251,586

55,176

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,296,903

1,056,874

PROVISIONS FOR LIABILITIES

15,256

2,222

NET ASSETS

1,281,647

1,054,652

CAPITAL AND RESERVES

Called up share capital

10

100

Share premium

230,491

Retained earnings

1,051,056

824,061

SHAREHOLDERS' FUNDS

1,281,647

1,054,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2026 and were signed on its behalf by:

Mr S K Sheth - Director

1.	STATUTORY INFORMATION

Llangoedmor Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

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.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting

estimates are recognised in the period in which the estimate is revised where the revision affects only that

period, or in the period of the revision and future periods where the revision affects both current and future

periods.

Turnover

Revenue is recognised in accordance with FRS 102, primarily representing fees for care, accommodation, and catering services provided to its residents. Revenue from private residents and local authorities is recognised monthly as services are performed, reflecting the transfer of promised services. NHS CHC/FNC funding is recognised as income when entitlement is confirmed and conditions met.

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 ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Not depreciated

Improvements to property

-

10% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

33% on cost

Freehold property

The directors acknowledge the need to assess appropriate depreciation policies based upon historical cost less residual value. The freehold property will be maintained to a high standard throughout the value in use period in order to meet industry regulations. The directors do not consider that the residual value of the freehold properties will reduce below the historical cost values.

Accordingly, the freehold properties have not been depreciated.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2024 - 49 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

12,000

AMORTISATION

At 1 September 2024

and 31 August 2025

12,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 September 2024

905,669

291,384

1,197,053

Additions

-

58,118

At 31 August 2025

905,669

349,502

1,255,171

DEPRECIATION

At 1 September 2024

-

195,355

Charge for year

-

14,499

At 31 August 2025

-

209,854

NET BOOK VALUE

At 31 August 2025

905,669

139,648

1,045,317

At 31 August 2024

905,669

96,029

1,001,698

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

Trade debtors

15,991

5,393

Amounts owed by group undertakings

373,213

109,560

Other debtors

20,959

11,515

410,163

126,468

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

Trade creditors

30,734

34,069

Amounts owed to associates

12,452

11,757

Taxation and social security

84,327

88,473

Other creditors

187,204

142,975

314,717

277,274

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/8/25

31/8/24

£

Within one year

5,731

5,730

Between one and five years

8,596

15,288

14,327

21,018

9.	SECURED DEBTS

Group Security and Composite Guarantee:

Bank borrowings in the company and its parent company are secured by a fixed and floating charge over the assets of the company, and a first legal charge over the company's freehold property.

The company is part a wider group banking arrangement and composite guarantee, with other associated companies:

- Marble Arch Investment Group Limited [Company number - 10686806]

- Pentwyn Care Limited [Company number - 05745419]

- Caerleon House Care Limited [Company number - 12560118]

- Serenity Healthcare Limited [Company number - 13545553]

Under this arrangement, the companies have provided an irrevocable and unconditional joint and several cross-guarantee to TC Loans Limited, in respect of the wider group bank borrowings of these associated undertakings.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/8/25

31/8/24

value:

£

350

Ordinary

£0.25

88

50

Ordinary B

£0.25

12

100

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Serenity Healthcare Ltd.