ROSSEFIELD NURSING HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Redhead

B Redhead

SECRETARY:

Mrs K A Redhead

REGISTERED OFFICE:

Well Springs Nursing Home

122 Leylands Lane

Heaton

Bradford

BD9 5QU

REGISTERED NUMBER:

01859586 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Suite 1.07

International Dev. Centre

Valley Road

Ilkley

West Yorkshire

LS29 8AL

FIXED ASSETS

Intangible assets

4

150,000

180,000

Tangible assets

5

3,930,477

3,960,912

4,080,477

4,140,912

CURRENT ASSETS

Debtors

6

661,246

266,766

Cash at bank and in hand

281,602

516,320

942,848

783,086

CREDITORS

Amounts falling due within one year

7

562,921

541,345

NET CURRENT ASSETS

379,927

241,741

TOTAL ASSETS LESS CURRENT LIABILITIES

4,460,404

4,382,653

CREDITORS

Amounts falling due after more than one year

8

(1,716,045

)

(2,025,585

)

PROVISIONS FOR LIABILITIES

10

(55,257

)

(56,290

)

NET ASSETS

2,689,102

2,300,778

CAPITAL AND RESERVES

Called up share capital

11

110

110

Retained earnings

2,688,992

2,300,668

SHAREHOLDERS' FUNDS

2,689,102

2,300,778

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th May 2026 and were signed on its behalf by:

J Redhead - Director

B Redhead - Director

1.	STATUTORY INFORMATION

Rossefield Nursing Homes 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 95 (2024 - 93 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st November 2024

and 31st October 2025

300,000

AMORTISATION

At 1st November 2024

120,000

Amortisation for year

30,000

At 31st October 2025

150,000

NET BOOK VALUE

At 31st October 2025

150,000

At 31st October 2024

180,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st November 2024

3,620,310

786,884

121,761

2,088

4,531,043

Additions

-

36,019

-

-

36,019

At 31st October 2025

3,620,310

822,903

121,761

2,088

4,567,062

DEPRECIATION

At 1st November 2024

-

541,607

26,436

2,088

570,131

Charge for year

-

42,194

24,260

-

66,454

At 31st October 2025

-

583,801

50,696

2,088

636,585

NET BOOK VALUE

At 31st October 2025

3,620,310

239,102

71,065

-

3,930,477

At 31st October 2024

3,620,310

245,277

95,325

-

3,960,912

The net book value of tangible fixed assets includes £ 36,377 in respect of assets held under hire purchase contracts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

210,042

191,362

Other debtors

390,369

2,196

Prepayments

60,835

73,208

661,246

266,766

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

121,446

82,103

Hire purchase contracts (see note 9)

5,232

5,988

Trade creditors

53,830

52,782

Tax

153,169

115,694

Social security and other taxes

34,310

31,139

Other creditors

8,056

13,753

Directors' current accounts

-

20,000

Accrued expenses

186,878

219,886

562,921

541,345

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans after 1 year

1,205,118

1,147,948

Hire purchase contracts (see note 9)

32,427

37,658

Directors' loan accounts

478,500

839,979

1,716,045

2,025,585

The directors loan account is interest free and repayable on demand.

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

5,232

5,988

Between one and five years

32,427

37,658

37,659

43,646

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

55,257

56,290

Deferred

tax

£

Balance at 1st November 2024

56,290

Accelerated capital allowances

(1,033

)

Balance at 31st October 2025

55,257

The entire provision for deferred tax relates to accelerated capital allowances.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

1

A Ordinary

10

10

10

110

110

12.	RELATED PARTY DISCLOSURES

At the year end, the company was owed £388,661 (2024: nil) by Thornton Hill Properties Ltd; a company under common control.

At the year end, the company owed £85 (2024: nil) to Thornton Hill Ltd; a company under common control.