Company No: 03444421 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	1,062,882		1,054,029
		1,062,882		1,054,029
Current assets
Stocks		1,336		800
Debtors	4	351,146		171,063
Cash at bank and in hand		17,300		592,683
		369,782		764,546
Creditors: amounts falling due within one year	5	( 59,142)		( 141,584)
Net current assets		310,640		622,962
Total assets less current liabilities		1,373,522		1,676,991
Provision for liabilities	6	( 78,454)		( 76,202)
Net assets		1,295,068		1,600,789
Capital and reserves
Called-up share capital		150,000		150,000
Revaluation reserve		529,017		536,792
Profit and loss account		616,051		913,997
Total shareholder's funds		1,295,068		1,600,789

For the financial year ending 28 February 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Gables Residential Home Limited (registered number: 03444421) were approved and authorised for issue by the Director on 30 April 2026. They were signed on its behalf by:

Dr P J Edwards Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Gables Residential Home Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Albert Goodman, Lupin Way, Yeovil, BA22 8WW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts received or receivable for the provision of services to the extent that there is a right to consideration and is recorded at the value of consideration due at the balance sheet date.
The company recognises revenue when the amount of the revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for the company's activities.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery	15 % reducing balance
Fixtures and fittings	10 - 20 years straight line
Office equipment	5 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks consist of consumable goods and are stated at cost. Cost is determined using the first-in, first-out (FIFO) method.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	29		28

3. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 March 2025	1,120,000		200,122		0		2,898		1,323,020
Additions	0		7,574		29,627		3,646		40,847
At 28 February 2026	1,120,000		207,696		29,627		6,544		1,363,867
Accumulated depreciation
At 01 March 2025	111,999		155,018		0		1,974		268,991
Charge for the financial year	22,400		7,389		1,257		948		31,994
At 28 February 2026	134,399		162,407		1,257		2,922		300,985
Net book value
At 28 February 2026	985,601		45,289		28,370		3,622		1,062,882
At 28 February 2025	1,008,001		45,104		0		924		1,054,029

The fair value of the company's land and buildings was revalued on 31 October 2008. An independent valuer was not involved.
Had this class of asset been measured on a historical basis, the value would have been £451,280 (2025 - £451,280).

4. Debtors

	2026		2025
	£		£
Trade debtors	0		36,703
Amounts owed by Parent undertakings	322,650		126,000
Corporation tax	14,003		0
Other debtors	14,493		8,360
	351,146		171,063

Amounts owed by Parent undertakings are repayable on demand and do not bear any interest.

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	3,146		1,662
Amounts owed to Group undertakings	10,000		0
Amounts owed to director	2,929		0
Accruals and deferred income	35,323		23,831
Taxation and social security	7,186		115,371
Other creditors	558		720
	59,142		141,584

Amounts owed to group undertakings are repayable on demand and do not bear any interest.

6. Provision for liabilities

	2026		2025
	£		£
Deferred tax	78,454		76,202

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2026		2025
	£		£
within one year	0		20,332
between one and five years	0		10,166
Total future minimum lease payments under non-cancellable operating leases	0		30,498

Other financial commitments

	2026		2025
	£		£
Commitments in respect of parents and subsidiaries	2,917,301		2,988,383

The company, together with other group companies, is party to a cross-guarantee against its parent's bank borrowing. The guarantee includes a fixed and floating charge over all properties, assets and undertakings of the company and its subsidiaries. These were refinanced in the year under the parent company. There is also a personal guarantee by the Director, limited to £250.000.

8. Related party transactions

Transactions with owners holding a participating interest in the entity

The company has taken advantage of the exemptions provided from disclosing transactions with its parent and other wholly owned group companies on the grounds that it is a wholly owned subsidiary.

Transactions with the entity's director

Advances

The director's loan account is repayable on demand and interest has been charged on an overdrawn balance exceeding £10,000 at the official HMRC rates.

At 1 March 2025 the balance owed from the director was £1,684. During the year, the company made advances to the director amounting to £nil and received repayments of £1,684 leaving a balance due from the director of £nil.

At 1 March 2024 the balance owed from the director was £nil. During the year, the company made advances to the director amounting to £2,160 and received repayments of £476 leaving a balance due from the director of £1,684.

9. Ultimate controlling party

Parent Company:

Mortarsell Limited

Lupin Way, Yeovil, Somerset, BA22 8WW

These financial statements are available upon request from Companies House, Cardiff.