REGISTERED NUMBER: 01693611 (England and Wales)

FERN HOLDINGS LIMITED

Financial Statements for the Year Ended 30 November 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Nicholas Robert King

Anthony George Kingston Massouras

Emily Jane Whitehurst

REGISTERED OFFICE:

Suite B The Hall, Lairgate,

Beverley, East Yorkshire, England

HU17 8HL

REGISTERED NUMBER:

01693611 (England and Wales)

INDEPENDENT AUDITORS:

Cooper Parry Audit (Ireland) Limited

Statutory Auditor

Unit 7 Dyehouse

Linen Green

Dungannon

Co. Tyrone

BT71 7HB

NON-CURRENT ASSETS

Tangible assets

5

5,452,358

4,699,358

CURRENT ASSETS

Receivables: amounts falling due within one year

6

1,030,228

872,842

Cash at bank and in hand

22,621

70,953

1,052,849

943,795

PAYABLES

Amounts falling due within one year

7

(2,507,656

)

(1,846,230

)

NET CURRENT LIABILITIES

(1,454,807

)

(902,435

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,997,551

3,796,923

PROVISIONS FOR LIABILITIES

(4,882

)

(4,921

)

NET ASSETS

3,992,669

3,792,002

CAPITAL AND RESERVES

Called up share capital

8

800

800

Revaluation reserve

9

2,045,485

2,045,485

Retained earnings

1,946,384

1,745,717

SHAREHOLDERS' FUNDS

3,992,669

3,792,002

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 1 May 2026 and were signed on its behalf by:

Anthony George Kingston Massouras - Director

1.	STATUTORY INFORMATION

Fern Holdings 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment

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

Furniture and fixtures

-

20% straight line

Office equipment

-

20% straight line

Computer equipment

-

20% straight line

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 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.

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.

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Freehold property

Freehold property is measured at fair value, being its market value, less any subsequent accumulated depreciation and accumulated impairment losses, in accordance with Section 17 Property, Plant and Equipment of FRS 102. The Company adopts the revaluation model for freehold property.

Revaluations are carried out with sufficient regularity to ensure that the carrying amount does not differ materially from fair value at the reporting date. Fair value represents the price that would be received to sell the property in an orderly transaction between market participants at the measurement date.

Valuations are performed by independent professionally qualified valuers, or by the directors using recent market evidence where this provides a reliable estimate of fair value.

Where a revaluation is undertaken, the entire class of freehold property is revalued at the same time.

Revaluation gains are recognised in other comprehensive income and accumulated within revaluation reserve in equity, except to the extent that they reverse a revaluation loss previously recognised in profit or loss, in which case the gain is recognised in profit or loss.

Revaluation losses are recognised in profit or loss, except to the extent that they reverse a previous revaluation surplus for the same asset, in which case they are recognised in other comprehensive income and offset against the revaluation reserve.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 50 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Furniture

Freehold

and

Office

Computer

property

fixtures

equipment

equipment

Totals

£

£

£

£

£

COST

At 1 December 2023

4,673,457

118,652

105,138

46,329

4,943,576

Additions

747,223

18,122

-

1,274

766,619

At 30 November 2024

5,420,680

136,774

105,138

47,603

5,710,195

DEPRECIATION

At 1 December 2023

-

110,288

93,042

40,888

244,218

Charge for year

-

5,716

4,224

3,679

13,619

At 30 November 2024

-

116,004

97,266

44,567

257,837

NET BOOK VALUE

At 30 November 2024

5,420,680

20,770

7,872

3,036

5,452,358

At 30 November 2023

4,673,457

8,364

12,096

5,441

4,699,358

6.

RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

164,076

15,606

Amounts owed by group undertakings

844,792

846,067

Other debtors

21,360

11,169

1,030,228

872,842

Amounts owed by group undertakings are considered repayable on demand.

7.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade payables

53,322

43,257

Amounts owed to group undertakings

2,052,228

1,584,993

Amounts owed to associates

143,875

38,179

Taxation and social security

64,880

88,199

Other payables

193,351

91,602

2,507,656

1,846,230

Amounts owed to group undertakings and associates are considered repayable on demand.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

800

Ordinary

1

800

800

9.

RESERVES

Revaluation

reserve

£

At 1 December 2023

and 30 November 2024

2,045,485

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Mr. Ryan Falls (F.C.A) (Senior Statutory Auditor)

for and on behalf of Cooper Parry Audit (Ireland) Limited

11.	RELATED PARTY DISCLOSURES

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.

At the year end the company had the following balances due from/(to) companies regarded as related parties due to common directors and shareholders:

2024

2023

£

£

Crawshaw Hall Healthcare Limited

(38,489

)

(2,979

)

AMNK Consult Limited

(102,896

)

(35,200

)

CHI (Linson Court) Limited

(2,490

)

-

12.	ULTIMATE CONTROLLING PARTY

The controlling party is the immediate and ultimate parent undertaking, Constantia Healthcare Group Limited.

The results of the company are included in the consolidated financial statements of Constantia Healthcare Group Limited, which are available from the registered office at Titan House Bradford Road, Birstall, Batley WF17 9PH.