LANTERN CARE HOMES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2025
Company Registration Number: 12100540

LANTERN CARE HOMES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
CONTENTS | PAGES
Company information | 1
Balance sheet | 2 to 3
Notes to the financial statements |  |  |  |  |  | 4 to 10

LANTERN CARE HOMES LTD
COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2025
DIRECTORS
V H Hodgkins
M N Oakes
W J Hawketts
SECRETARY
The company does not have an appointed secretary
REGISTERED OFFICE
C9 Glyme Court
Oxford Office Village
Langford Lane
Kidlington
Oxford
OX5 1LQ
COMPANY REGISTRATION NUMBER
12100540 England and Wales

LANTERN CARE HOMES LTD
BALANCE SHEET
AS AT 31 DECEMBER 2025
|  |  | Notes |  | 2025 |  |  |  | 2024
|  |  |  |  | £ |  |  |  | £
FIXED ASSETS
Tangible assets | 5 |  |  |  | 108,561 |  |  |  | 63,878
Investments | 6 |  |  |  | 87,831 |  |  |  | 46,506
|  |  |  |  |  |  | 196,392 |  |  |  | 110,384
CURRENT ASSETS
Debtors | 7 |  | 167,077 |  |  |  | 67,989
Cash at bank and in hand | 256,740 |  |  |  | 163,617
|  |  |  |  | 423,817 |  |  |  | 231,606
CREDITORS: Amounts falling due within one year | 8 |  | 227,099 |  |  |  | 151,412
NET CURRENT ASSETS | 196,718 |  |  |  | 80,194
TOTAL ASSETS LESS CURRENT LIABILITIES | 393,110 |  |  |  | 190,578
Provisions for liabilities and charges | 18,092 |  |  |  | 7,476
NET ASSETS | 375,018 |  |  |  | 183,102
CAPITAL AND RESERVES
Called up share capital | 6 |  |  |  | 6
Distributable profit and loss account | 375,010 |  |  |  | 183,094
Capital redemption reserve | 2 |  |  |  | 2
SHAREHOLDERS' FUNDS | 375,018 |  |  |  | 183,102

LANTERN CARE HOMES LTD
BALANCE SHEET
AS AT 31 DECEMBER 2025
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.
Signed on behalf of the board of directors
M N Oakes
Director
Date approved by the board: 5 May 2026

LANTERN CARE HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1 | GENERAL INFORMATION
| Lantern Care Homes Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business are:
| Registered office |  |  |  | Principal place of business
| C9 Glyme Court | The Elms
| Oxford Office Village | Dale Road
| Langford Lane | South Darley Dale
| Kidlington | Matlock
| Oxford | DE4 2EU
| OX5 1LQ
| The financial statements are presented in Sterling, which is the functional currency of the company.
2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
| Basis of preparation of financial statements
| These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
| Revenue recognition

| Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of child care services as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts.
| The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

| Tangible fixed assets

| Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

| Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.
| Office equipment | Reducing balance basis at 25% per annum
| Leasehold improvements | Straight line basis at 14% per annum
| Motor vehicles | Reducing balance basis at 25% per annum
| Furniture and fittings | Reducing balance basis at 25% per annum
| On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

LANTERN CARE HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
| Investment properties

| Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.
| Subsequently, investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss account in the period in which they arise.

| Financial Instruments
| A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
| Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.
| Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.
| Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

| Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.

| Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

LANTERN CARE HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
| Impairment of non-financial assets

| At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.
| If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Creditors
| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
| Leases
| Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.
| Payments applicable to operating leases are charged against profit on a straight line basis over the lease term.

LANTERN CARE HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
| Taxation
| Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.
| Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
| Deferred tax relating to land and investment properties that is measured at fair value is measured using the tax rates and allowances that apply to the sale of the asset.

| Current and deferred tax assets and liabilities are not discounted.
| Pensions
| The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.
3 | CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

| The directors have made key assumptions in determination of the fair value of its investment properties in respect of the state of the property market in the location where the properties are situated and in respect of the range of reasonable fair value estimates of these assets.

4 | EMPLOYEES
| The average number of persons employed by the company (including directors) during the year was:
|  |  |  |  |  |  |  |  | 2025 |  | 2024
| Average number of employees | 20 |  | 13

LANTERN CARE HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
5 | TANGIBLE ASSETS
|  |  | Office equipment | Leasehold improvements | Motor vehicles |  | Furniture and fittings |  | Total
|  |  | £ |  | £ |  | £ |  | £ |  | £
| Cost
| At 1 January 2025 | 390 |  | 59,872 |  | 13,827 |  | 6,143 |  | 80,232
| Additions | 6,353 |  | 37,268 |  | 7,000 |  | 13,783 |  | 64,404
| At 31 December 2025 | 6,743 |  | 97,140 |  | 20,827 |  | 19,926 |  | 144,636
| Accumulated depreciation and impairments
| At 1 January 2025 | 146 |  | 12,677 |  | 1,152 |  | 2,379 |  | 16,354
| Charge for year | 1,100 |  | 11,368 |  | 3,898 |  | 3,355 |  | 19,721
| At 31 December 2025 | 1,246 |  | 24,045 |  | 5,050 |  | 5,734 |  | 36,075
| Net book value
| At 1 January 2025 | 244 |  | 47,195 |  | 12,675 |  | 3,764 |  | 63,878
| At 31 December 2025 | 5,497 |  | 73,095 |  | 15,777 |  | 14,192 |  | 108,561
6 | FIXED ASSET INVESTMENTS
|  |  |  |  |  |  |  |  |  |  | Investment properties
|  |  |  |  |  |  |  |  |  |  | £
| Cost
| At 1 January 2025 | 46,506
| Additions | 41,325
| At 31 December 2025 | 87,831
| Net book value
| At 1 January 2025 | 46,506
| At 31 December 2025 | 87,831
| In the opinion of the directors, all investment properties have been stated at fair value.

LANTERN CARE HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
7 | DEBTORS
|  |  |  |  |  |  |  |  | 2025 |  | 2024
|  |  |  |  |  |  |  |  | £ |  | £
| Trade debtors | 143,007 |  | 52,337
| Prepayments and accrued income | 24,070 |  | 15,652
|  |  |  |  |  |  |  |  | 167,077 |  | 67,989
8 | CREDITORS: Amounts falling due within one year
|  |  |  |  |  |  |  |  | 2025 |  | 2024
|  |  |  |  |  |  |  |  | £ |  | £
| Trade creditors | 24,130 |  | 1,775
| Taxation and social security | 133,774 |  | 65,719
| Accruals and deferred income | 999 |  | 2,107
| Other creditors | 68,196 |  | 81,811
|  |  |  |  |  |  |  |  | 227,099 |  | 151,412
9 | CONTINGENCIES AND COMMITMENTS
| Other Commitments
| Amounts falling due under operating leases: | 2025 |  | 2024
|  |  |  |  |  |  |  |  | £ |  | £
| In less than one year | 98,414 |  | 53,784
| In more than one but less than five years | 351,982 |  | 264,438
|  |  |  |  |  |  |  |  | 450,396 |  | 318,222

LANTERN CARE HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
10 | RELATED PARTY TRANSACTIONS
| During the year, the following transactions with related parties took place:
|  |  |  |  |  |  |  |  | 2025 |  | 2024
|  |  |  |  |  |  |  |  | £ |  | £
| V H Hodgkins
| Director and shareholder
| Advances from the director |  | The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director the following amount: |  | 3,011 |  | 26,869
| M N Oakes
| Director and shareholder
| Advances from the director |  | The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director the following amount: |  | 11,058 |  | 843
| W J Hawketts
| Director and shareholder
| Advances from the director |  | The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director the following amount: |  | 3,033 |  | 934

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