Registered number: NI694299
For the year ended 31 July 2025
Lydian Holdings Ltd
Company Information
Lydian Holdings Ltd
Contents
Lydian Holdings Ltd
Group strategic report
For the year ended 31 July 2025
The directors present their Strategic report on Lydian Holdings Ltd ("the Company") and its subsidiary (together, "the Group") for the year ended 31 July 2025.
The principal activity of the Group during the year was the provision of care services. The principal activity of the Company is that of a holding company.
The profit and loss account shows turnover of £13,668,430 (2024: £12,899,728) and profit before tax of £1,620,668 (2024: £1,881,878). Net assets at 31 July 2025 were £5,051,911 (2024: £4,000,043).
The directors consider the results for the year and the financial position of the Group at the year end to be satisfactory and expects the Group to maintain its present level of activity in the foreseeable future.
Financial key performance indicators
The directors consider the key performance indicators to be turnover and operating profit. Turnover for the year was £13,668,430 (2024: £12,899,728) and operating profit was £1,463,858 (2024: £1,811,085). The directors are pleased with the Company's key performance indicators for the year with consideration to the cost increases that have impacted the business.
The profit and loss account shows turnover of £13,668,430 (2024: £12,899,728) and profit before tax of £1,620,668 (2024: £1,881,878). Net assets at 31 July 2025 were £5,051,911 (2024: £4,000,043).
The directors consider the results for the year and the financial position of the Group at the year end to be satisfactory and expects the Group to maintain its present level of activity in the foreseeable future.
Financial key performance indicators
The directors consider the key performance indicators to be turnover and operating profit. Turnover for the year was £13,668,430 (2024: £12,899,728) and operating profit was £1,463,858 (2024: £1,811,085). The directors are pleased with the Company's key performance indicators for the year with consideration to the cost increases that have impacted the business.
The Group's operations expose it to a variety of financial risks that include the effects of price risk, credit risk liquidity risk and cashflow risk. The Group has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the Group.
Financial risk management
Given the size of the Group, the directors have not delegated the responsibility of monitoring financial risk management to a sub committee of the board. The policies set by the board of directors are implemented by the Group's finance department.
Price risk
The Group is exposed to price risk as a result of its operations in relation to contracts with customers, which can affect its financial performance. The Group’s policy is to draw on its extensive market knowledge andvcustomer relationships to mitigate the impact of price changes wherever possible, and the director will revisit the appropriateness of this policy should the Group's operation change in size or nature.
Credit risk
Credit risk arises from cash and cash equivalents with banks and financial institutions, as well as credit exposure to customers. The Group has implemented policies that require appropriate credit checks on potential customers before sales are made. The amount of exposure to individual customers is subject to a limit, which is reassessed regularly by the board. The financial position of banks and financial institutions utilised is regularly assessed by the board of directors.
Financial risk management
Given the size of the Group, the directors have not delegated the responsibility of monitoring financial risk management to a sub committee of the board. The policies set by the board of directors are implemented by the Group's finance department.
Price risk
The Group is exposed to price risk as a result of its operations in relation to contracts with customers, which can affect its financial performance. The Group’s policy is to draw on its extensive market knowledge andvcustomer relationships to mitigate the impact of price changes wherever possible, and the director will revisit the appropriateness of this policy should the Group's operation change in size or nature.
Credit risk
Credit risk arises from cash and cash equivalents with banks and financial institutions, as well as credit exposure to customers. The Group has implemented policies that require appropriate credit checks on potential customers before sales are made. The amount of exposure to individual customers is subject to a limit, which is reassessed regularly by the board. The financial position of banks and financial institutions utilised is regularly assessed by the board of directors.
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Lydian Holdings Ltd
Group strategic report (continued)
For the year ended 31 July 2025
Liquidity risk
The Group actively maintains a mixture of long term and short term debt finance options that are designed to ensure the Group has sufficient available funds for operations and planned expansions.
Cashflow risk
The Group has no borrowings or financial instruments that give rise to material exposures. Accordingly the directors consider that there is no material exposure to cashflow risk.
The Group actively maintains a mixture of long term and short term debt finance options that are designed to ensure the Group has sufficient available funds for operations and planned expansions.
Cashflow risk
The Group has no borrowings or financial instruments that give rise to material exposures. Accordingly the directors consider that there is no material exposure to cashflow risk.
This report was approved by the board on 29 April 2026 and signed on its behalf.
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Lydian Holdings Ltd
Directors' report
For the year ended 31 July 2025
The directors present their report and the audited financial statements of the group for the year ended 31 July 2025.
The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgements 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 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 the Group and to 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 the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £1,226,333 (2024 - £1,398,336).
A dividend of £174,465 (2024: £288,797) was paid during the financial year. The directors do not recommend the payment of a final dividend.
The directors who served during the year and up to the date of signing these financial statements were:
The directors consider the results for the year and the position of the Group at the year end to be satisfactory and expect the company to maintain its present level of activity in the foreseeable future.
The Group incurred no research and development costs in the current year.
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Lydian Holdings Ltd
Directors' report (continued)
For the year ended 31 July 2025
During the year, the policy of providing employees with information about the Group has continued through internal media methods in which employees have also been encouraged to present their suggestions and views on the Group's performance. Regular meetings are held between local management and employees to allow a free flow of information and ideas.
Details of financial risk management is provided in the Strategic report in accordance with Section 414C(ii) of the Companies Act 2006.
There have been no significant events affecting the Group since the year end.
The auditor, Sumer Auditco NI Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on 29 April 2026 and signed on its behalf.
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Lydian Holdings Ltd
Independent auditor's report to the members of Lydian Holdings Ltd
We have audited the financial statements of Lydian Holdings Ltd (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 July 2025, which comprise the Consolidated statement of comprehensive income, 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 auditing the financial statements, we have concluded that the directors' 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 directors with respect to going concern are described in the relevant sections of this report.
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Lydian Holdings Ltd
Independent auditor's report to the members of Lydian Holdings Ltd (continued)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's report thereon. The directors are 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.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group strategic report and the Directors' 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 Directors' report have been prepared in accordance with applicable legal requirements.
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 Directors' report.
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Lydian Holdings Ltd
Independent auditor's report to the members of Lydian Holdings Ltd (continued)
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 Auditor's 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:
We gained an understanding of the legal and regulatory framework applicable to the Company and the industry in which they operate, and considered the risk of acts by the Company that were contrary to applicable laws and regulations, including fraud. We considered the opportunities and incentives that may exist within the Company for fraud and identified the greatest potential for fraud is in relation to management override of controls and the recognition of revenue.
We designed audit procedures to respond to these risks, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. Our audit procedures included: enquiries of management about their own identification and assessment of risks of irregularities, testing the design and implementation of controls relating to the risks, sample testing of journals sted during the year, ensuring that the accounting policies have been complied with and a review of areas of udgement for indicators of management bias to address the risks
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 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 Auditor's report.
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Lydian Holdings Ltd
Independent auditor's report to the members of Lydian Holdings Ltd (continued)
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 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 members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory auditors
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Lydian Holdings Ltd
Consolidated profit and loss account
For the year ended 31 July 2025
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Lydian Holdings Ltd
Consolidated statement of comprehensive income
For the year ended 31 July 2025
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Lydian Holdings Ltd
Registered number: NI694299
Consolidated balance sheet
As at 31 July 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 April 2026.
The notes on pages 17 to 31 form part of these financial statements.
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Lydian Holdings Ltd
Registered number: NI694299
Company balance sheet
As at 31 July 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 April 2026 .
The notes on pages 17 to 31 form part of these financial statements.
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Lydian Holdings Ltd
Consolidated statement of changes in equity
For the year ended 31 July 2025
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Lydian Holdings Ltd
Company statement of changes in equity
For the year ended 31 July 2025
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Lydian Holdings Ltd
Consolidated statement of cash flows
For the year ended 31 July 2025
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Lydian Holdings Ltd
Consolidated analysis of net debt
For the year ended 31 July 2025
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Lydian Holdings Ltd
Notes to the financial statements
For the year ended 31 July 2025
Lydian Holdings Ltd is a private company limited by shares and incorporated in Northern Ireland. The address of the registered office is 33 Main Street, Newcastle, County Down, Northern Ireland, BT33 0AD.
2.Accounting policies
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 (FRS 102) and the Companies Act 2006.
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Profit and loss account in these financial statements. The Company has also taken the advantage of the Section 7 exemption within FRS 102 not to present a company cash flow statement.
The presentational and functional currency is GBP. The financial statements have been rounded to the nearest £.
The following principal accounting policies adopted are set out below. These policies have been consistently applied to all the years presented unless otherwise stated.
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 profit and loss account from the date on which control is obtained. They are deconsolidated from the date control ceases.
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 profit and loss account from the date on which control is obtained. They are deconsolidated from the date control ceases.
The financial statements have been prepared on a going concern basis. The director has onsidered all available information which is at least 12 months from the date when the financial stements are authorised for issue.
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Lydian Holdings Ltd
Notes to the financial statements
For the year ended 31 July 2025
2.Accounting policies (continued)
classified as operating leases.
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Lydian Holdings Ltd
Notes to the financial statements
For the year ended 31 July 2025
2.Accounting policies (continued)
Current or deferred taxation assets and liabilities are not discounted.
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Lydian Holdings Ltd
Notes to the financial statements
For the year ended 31 July 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
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.
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Lydian Holdings Ltd
Notes to the financial statements
For the year ended 31 July 2025
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Other financial assets
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. 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.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
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Lydian Holdings Ltd
Notes to the financial statements
For the year ended 31 July 2025
2.Accounting policies (continued)
Basic 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 Group after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Other financial instruments
Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.
Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.
Ordinary shares are classified as equity. Share capital represents the nominal value of shares that ave been issued and fully paid. Proceeds received in excess of the nominal value of shares issued re recorded within the share premium account.
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Lydian Holdings Ltd
Notes to the financial statements
For the year ended 31 July 2025
judgements. There are no key assumptions concerning the future or other key sources of estimation, that
have a significant risk of raising a material adjustment to the carrying amounts of assets and liabilities
within the next financial year other than those disclosed in these financial statements.
The whole of the turnover is attributable to the principal activity of the Group
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Lydian Holdings Ltd
Notes to the financial statements
For the year ended 31 July 2025
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Lydian Holdings Ltd
Notes to the financial statements
For the year ended 31 July 2025
There were no factors that may affect future tax charges.
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Lydian Holdings Ltd
Notes to the financial statements
For the year ended 31 July 2025
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Lydian Holdings Ltd
Notes to the financial statements
For the year ended 31 July 2025
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Lydian Holdings Ltd
Notes to the financial statements
For the year ended 31 July 2025
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Lydian Holdings Ltd
Notes to the financial statements
For the year ended 31 July 2025
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Profit and loss account
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Lydian Holdings Ltd
Notes to the financial statements
For the year ended 31 July 2025
The Company 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 to the fund and amounted to £304,054 (2024: £284,056). Contributions totaling £34,534 (2024: £123,830) were payable to the fund at the balance sheet date and are included in creditors.
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Lydian Holdings Ltd
Notes to the financial statements
For the year ended 31 July 2025
The ultimate controlling parties are Pierre and Claire Burns.
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