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Registered number: 04409195
Plas Newydd Care Limited
Strategic Report, Directors' Report and
Financial Statements
For The Year Ended 31 August 2025
HSJ Accountants Ltd
Plas Newydd Care Limited
Contents
Contents

| Page
--- | ---
Strategic Report | 1
Directors' Report | 2
Independent Auditor's Report | 3—5
Profit and Loss Account | 6
Statement of Comprehensive Income | 7
Balance Sheet | 8—9
Statement of Changes in Equity | 10
Statement of Cash Flows | 11
Notes to the Statement of Cash Flows | 12
Notes to the Financial Statements | 13—20

Page 1
Plas Newydd Care Limited
Strategic Report
For The Year Ended 31 August 2025
Strategic Report
The directors present their strategic report for the year ended 31 August 2025.
Review of the Business
The company's results are fully disclosed in the attached audited financial statements which, in the opinion of the directors, provide the informed reader with a balanced and comprehensive analysis of the development and performance of the company during the financial year, and of its position at the end of year.

KPI | Unit | 2025 | 2024
Operating profit | % | 12.45 | 19.08
Payroll costs on turnover | % | 62.80 | 57.42
Long-term debt on gross assets | % | 16.93 | 27.64
Interest cover | Ratio | 5.3 | 4.9

The operating profit for the year is considered to be lower than actual performance due to:

1. Restrictions on new residents in Q1 of the year under review leading to reduced occupancy. This was due to wider controls on movements during this period of time; and
2. The provision of £105,000 in the year against an aged related party debt which is considered to be exceptional in nature.

The company has also benefited from a revaluation gain on a historical crypto currency investment which had been included in the financial statements at an impaired market value in previous years due to uncertainties surrounding the timing and value of recovery. These uncertainties have been eliminated at that date of signing the balance sheet.
The directors are happy to report that from Q2 of the year under review through to the current date occupancy levels have returned to normal operating levels and remain strong with waiting lists currently in place for all homes.
The Key Performance Indicator (KPI) Operating Profit % measures the performance of a business in crude terms, and is widely used, but reveals few insights into underlying trends.
The KPI Payroll Costs on Turnover monitors the success of the business in controlling its principal cost, payroll, against income generated. Its modest decrease reflects the commitment of the company to quality care, by ensuring optimum staffing levels.
The KPI Interest Cover expresses the extent to which operating profits are adequate to cover interest payable, and hence is a measure of performance, liquidity, and sensitivity to gearing. The company enjoys strong interest cover.
The KPI Long-Term Debt on Gross Assets monitors the level of gearing borne by the business. Its consistency indicates that the directors continues to finance the modernisation of its care homes through sustainable levels of long-term debt.
Principal Risks and Uncertainties
The directors consider that the principal risks and uncertainties facing the company are those common to the residential care home sector within which the company operates.
In particular, delivering excellent standards of care and enhancing a good reputation locally remain key to attracting and retaining both residents and the dedicated staff necessary to providing quality care, and to increasing the revenue streams of the company.
On behalf of the board

Mrs Y Jones Director
21 May 2026

Page 1
Page 2
Plas Newydd Care Limited
Company No. 04409195
Directors' Report For The Year Ended 31 August 2025
Directors' Report
The directors present their report and the financial statements for the year ended 31 August 2025.
Principal Activity
The company's principal activity continues to be that of nursing and care home operations.
Directors
The directors who held office during the year were as follows:

Mrs Y Jones
Ms A B Jones

Statement of Directors' Responsibilities
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company 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 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Directors' Report is approved:

- so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
- they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors
The auditors, HSJ Audit Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.
On behalf of the board

Mrs Y Jones Director
21 May 2026

Page 2
Page 3
Independent Auditor's Report
to the Members of
Plas Newydd Care Limited
Independent Auditor's Report
Opinion
We have audited the financial statements of Plas Newydd Care Limited for the year ended 31 August 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 August 2025 and of its profit/(loss) for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
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 entity's ability to continue as a going concern for a period of at least 12 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.
Other Information
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. In connection with our audit of the financial statements, 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 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.
Opinions on Other Matters Prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:

- the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Page 3
Page 4
Independent Auditor's Report (continued)
to the Members of
Plas Newydd Care Limited
Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records or returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of Directors
As explained more fully in the Directors' Responsibilities Statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's Responsibilities for the Audit of the Financial Statements
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 financial statements.
We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework.
We communicated identified fraud risks throughout the engagement team and remained alert throughout the engagement process for any indications of fraud.
As required by the auditing standards, we identify and assess the risk of material misstatement of financial statements, whether due to fraud or error, in particular revenue recognition and management override of control. We design and perform audit procedures responsive to those risks and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We coroborated our enquiries of management by review of correspondence with HMRC and Companies House and other regulatory bodies.
- We considered the risk of fraud through management override and, in response, we incorporated testing of manual journal entries into our audit approach.
- Based on the results of our risk assessment we designed our audit procedures to identify and address material misstatements in relation to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Page 4
Page 5
Independent Auditor's Report (continued)
to the Members of
Plas Newydd Care Limited
Use Of Our Report
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 that 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.

Mr Andrew Hill FCCA ACA DChA BFP (Senior Statutory Auditor) for and on behalf of HSJ Audit Limited , Statutory Auditor
27 May 2026
HSJ Audit Limited Severn House Hazell Drive Newport NP10 8FY

Page 5
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Plas Newydd Care Limited
Profit and Loss Account
For The Year Ended 31 August 2025
Profit and Loss Account

| 2025 |  | 2024
--- | --- | --- | ---
| Notes | £ |  | £
TURNOVER | 3 | 6,256,809 |  | 6,140,261
Cost of sales |  | (4,224,675 ) |  | (3,941,519 )
GROSS PROFIT |  | 2,032,134 |  | 2,198,742
Administrative expenses |  | (1,252,924 ) |  | (1,026,902 )
OPERATING PROFIT | 4 | 779,210 |  | 1,171,840
Loss on disposal of fixed assets |  | (529 ) |  | -
Other interest receivable and similar income | 9 | 258 |  | -
Interest payable and similar charges | 10 | (195,064 ) |  | (238,866 )
PROFIT BEFORE TAXATION |  | 583,875 |  | 932,974
Tax on Profit | 11 | (154,546 ) |  | (261,855 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |  | 429,329 |  | 671,119

The notes on pages 12 to 20 form part of these financial statements.
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Plas Newydd Care Limited
Statement of Comprehensive Income
For The Year Ended 31 August 2025
Statement of Comprehensive Income

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
PROFIT FOR THE FINANCIAL YEAR |  | 429,329 |  | 671,119
OTHER COMPREHENSIVE INCOME:
(Loss)/gain on revaluation of other assets |  | (192,455 ) |  | 3,032
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |  | 236,874 |  | 674,151

Page 7
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Plas Newydd Care Limited
Balance Sheet
As At 31 August 2025
Balance Sheet
Registered number: 04409195

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 12 |  | 4,906,674 |  | 4,890,624
Investment Properties | 13 |  | 125,000 |  | 125,000
|  |  | 5,031,674 |  | 5,015,624
CURRENT ASSETS
Stocks | 14 | 51,000 |  | 51,000 |
Debtors | 15 | 330,640 |  | 792,921 |
Investments | 16 | 2,203,827 |  | 1,319,651 |
Cash at bank and in hand |  | 341,606 |  | 359,314 |
|  | 2,927,073 |  | 2,522,886 |
Creditors: Amounts Falling Due Within One Year | 17 | (1,668,186 ) |  | (1,543,946 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,258,887 |  | 978,940
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 6,290,561 |  | 5,994,564
Creditors: Amounts Falling Due After More Than One Year | 18 |  | (1,720,745 ) |  | (2,083,438 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 21 |  | (790,780 ) |  | (125,434 )
NET ASSETS |  |  | 3,779,036 |  | 3,785,692
CAPITAL AND RESERVES
Called up share capital | 23 |  | 1,801 |  | 1,801
Revaluation reserve |  |  | 120,108 |  | 312,563
Fair value reserve |  |  | 31,692 |  | 31,692
Profit and Loss Account |  |  | 3,625,435 |  | 3,439,636
SHAREHOLDERS' FUNDS |  |  | 3,779,036 |  | 3,785,692

Page 8
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Plas Newydd Care Limited
Balance Sheet (continued)
As At 31 August 2025
On behalf of the board

Mrs Y Jones Director
21 May 2026

The notes on pages 12 to 20 form part of these financial statements.
Page 9
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Plas Newydd Care Limited
Statement of Changes in Equity
For The Year Ended 31 August 2025
Statement of Changes in Equity

| Share Capital | Revaluation reserve | Fair value reserve | Profit and Loss Account | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
As at 1 September 2023 | 1,801 | 309,531 | 31,692 | 3,011,755 | 3,354,779
Profit for year | - | - | - | 671,119 | 671,119
Surplus on revaluation | - | 107,220 | - | - | 107,220
Deficit on revaluation | - | (104,188) | - | - | (104,188)
Other comprehensive income for the year | - | 3,032 | - | - | 3,032
Total comprehensive income for the year | - | 3,032 | - | 671,119 | 674,151
Dividends paid | - | - | - | (243,238) | (243,238)
As at 31 August 2024 and 1 September 2024 | 1,801 | 312,563 | 31,692 | 3,439,636 | 3,785,692
Profit for year | - | - | - | 429,329 | 429,329
Deficit on revaluation | - | (192,455) | - | - | (192,455)
Other comprehensive income for the year | - | (192,455 ) | - | - | (192,455 )
Total comprehensive income for the year | - | (192,455) | - | 429,329 | 236,874
Dividends paid | - | - | - | (243,530) | (243,530)
As at 31 August 2025 | 1,801 | 120,108 | 31,692 | 3,625,435 | 3,779,036

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Plas Newydd Care Limited
Statement of Cash Flows
For The Year Ended 31 August 2025
Statement of Cash Flows

| 2025 |  | 2024
| Notes | £ |  | £
Cash flows from operating activities
Net cash generated from operations | 1 | 955,245 |  | 1,608,939
Interest paid |  | (195,064 ) |  | (238,866 )
Tax paid |  | (238,501 ) |  | (224,584 )
Net cash generated from operating activities |  | 521,680 |  | 1,145,489
Cash flows from investing activities
Purchase of tangible assets |  | (192,079 ) |  | (157,397 )
Purchase of current asset investments |  | 1 |  | -
Interest received |  | 258 |  | -
Net cash used in investing activities |  | (191,820 ) |  | (157,397 )
Cash flows from financing activities
Equity dividends paid |  | (243,530 ) |  | (243,238 )
Repayment of bank borrowings |  | (251,129 ) |  | (220,039 )
Proceeds from new other loans |  | 153,530 |  | -
Repayment of other loans |  | - |  | (272,141)
Repayment of finance leases |  | (9,719 ) |  | (11,277 )
Amount introduced by directors |  | 3,280 |  | -
Net cash used in financing activities |  | (347,568 ) |  | (746,695 )
(Decrease)/increase in cash and cash equivalents |  | (17,708 ) |  | 241,397
Cash and cash equivalents at beginning of year | 2 | 359,314 |  | 117,917
Cash and cash equivalents at end of year | 2 | 341,606 |  | 359,314

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Plas Newydd Care Limited
Notes to the Statement of Cash Flows
For The Year Ended 31 August 2025
Notes to the Statement of Cash Flows
1. Reconciliation of profit for the financial year to cash generated from operations

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Profit for the financial year | 429,329 |  | 671,119
Adjustments for:
Tax on profit | 154,546 |  | 261,855
Interest expense | 195,064 |  | 238,866
Interest income | (258 ) |  | -
Depreciation of tangible assets | 175,500 |  | 166,433
Loss on disposal of tangible assets | 529 |  | -
Movements in working capital:
Increase in stocks | - |  | (1,500 )
Decrease/(increase) in trade and other debtors | 56,441 |  | (44,159 )
(Decrease)/increase in trade and other creditors | (55,906 ) |  | 316,325
Net cash generated from operations | 955,245 |  | 1,608,939

2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cash at bank and in hand | 341,606 |  | 359,314

3. Analysis of changes in net debt

| As at 1 September 2024 | Cash flows | As at 31 August 2025
--- | --- | --- | ---
| £ | £ | £
Cash at bank and in hand | 359,314 | (17,708) | 341,606
Finance leases | (48,400) | 9,719 | (38,681)
Debts falling due within one year | (445,032 ) | (255,374) | (700,406 )
Debts falling due after more than one year | (2,054,492) | 352,973 | (1,701,519)
| (2,188,610) | 89,610 | (2,099,000)

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Plas Newydd Care Limited
Notes to the Financial Statements
For The Year Ended 31 August 2025
Notes to the Financial Statements
1. General Information
Plas Newydd Care Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04409195 . The registered office is 18 New Road, Treboeth, Swansea, SA5 9DA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

- The company recognises revenue when:
- The amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | 2% straight line
Motor Vehicles | 25% straight line
Fixtures & Fittings | 25% straight line
Computer Equipment | 12% straight line

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
2.6. Leasing and Hire Purchase Contracts
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
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Plas Newydd Care Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
2.7. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
2.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.9. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.10. Pensions
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2.11. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
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Plas Newydd Care Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
2.12. Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Turnover
Analysis of turnover by class of business is as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Care services | 6,248,809 |  | 6,140,261
Rental income | 8,000 |  | -
| 6,256,809 |  | 6,140,261

4. Operating Profit
The operating profit is stated after charging:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bad debts | 105,717 |  | -
Depreciation of tangible fixed assets | 175,500 |  | 166,433

5. Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Audit Services
Audit of the company's financial statements | 8,000 |  | 8,000

6. Staff Costs
Staff costs, including directors' remuneration, were as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Wages and salaries | 3,536,369 |  | 3,346,523
Social security costs | 331,047 |  | 280,184
Other pension costs | 62,393 |  | 50,853
| 3,929,809 |  | 3,677,560

7. Average Number of Employees
Average number of employees, including directors, during the year was: 136 (2024: 137)
136 137
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Plas Newydd Care Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
8. Directors' remuneration

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Emoluments | 57,237 |  | 57,175
Company contributions to money purchase pension schemes | 1,107 |  | 1,255
| 58,344 |  | 58,430

9. Interest Receivable and Similar Income

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank interest receivable | 1 |  | -
Other interest receivable | 257 |  | -
| 258 |  | -

10. Interest Payable and Similar Charges

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 182,859 |  | 225,918
Finance charges payable under finance leases and hire purchase contracts | 4,128 |  | 4,449
Other finance charges | 8,077 |  | 8,499
| 195,064 |  | 238,866

11. Tax on Profit
The tax charge on the profit for the year was as follows:

| Tax Rate | 2025 |  | 2024
--- | --- | --- | --- | ---
| 2025 | 2024 | £ |  | £
Current tax
UK Corporation Tax | 25.0% | 25.0% | 179,602 |  | 258,061
Prior period adjustment | (19,612 ) |  | -
| 159,990 |  | 258,061
Deferred Tax
Deferred taxation | (5,444 ) |  | 3,794
Total tax charge for the period | 154,546 |  | 261,855

The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Profit before tax | 583,875 |  | 932,974
Tax on profit at 25% (UK standard rate) | 145,969 |  | 233,243
Expenses not deductible for tax purposes | 1,659 |  | 1,279

...CONTINUED
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Plas Newydd Care Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025

Capital allowances | 31,921 |  | 24,036
Short term timing differences | (5,391 ) |  | 3,297
Prior period adjustment | (19,612 ) |  | -
Total tax charge for the period | 154,546 |  | 261,855

12. Tangible Assets

| Land & Property
--- | ---
| Freehold | Motor Vehicles | Fixtures & Fittings | Total
| £ | £ | £ | £
Cost
As at 1 September 2024 | 6,192,563 | 129,524 | 163,185 | 6,485,272
Additions | 166,171 | - | 25,908 | 192,079
Disposals | - | - | (45,481 ) | (45,481 )
As at 31 August 2025 | 6,358,734 | 129,524 | 143,612 | 6,631,870
Depreciation
As at 1 September 2024 | 1,408,940 | 95,430 | 90,278 | 1,594,648
Provided during the period | 125,383 | 22,729 | 27,388 | 175,500
Disposals | - | - | (44,952 ) | (44,952 )
As at 31 August 2025 | 1,534,323 | 118,159 | 72,714 | 1,725,196
Net Book Value
As at 31 August 2025 | 4,824,411 | 11,365 | 70,898 | 4,906,674
As at 1 September 2024 | 4,783,623 | 34,094 | 72,907 | 4,890,624

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Motor Vehicles | 11,365 |  | 34,094

13. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 September 2024 and 31 August 2025 | 125,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cost | 125,000 |  | 125,000

The directors are suitably experienced to provide a reliable appraisal of market value of the investment property and based on the yield generated does not anticipate a change in fair value during the period.
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Plas Newydd Care Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
14. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 51,000 |  | 51,000

15. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 161,479 |  | 119,719
Other debtors | 169,161 |  | 673,202
| 330,640 |  | 792,921

16. Current Asset Investments

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Unlisted investments | 2,203,827 |  | 1,319,651

Current value investments represent 54.53 BitCoin held as at 31 August 2025. A previous impairment of this asset, recognised due to timing and valuation of recovery in previous years, has been reversed as at 31 August 2025 and the investment recognised at current market value.
17. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 19,455 |  | 19,454
Trade creditors | 1 |  | 89,613
Bank loans and overdrafts | 220,808 |  | 220,808
Other loans | 479,598 |  | 224,224
Other creditors | 247,723 |  | 226,941
Corporation tax | 179,550 |  | 258,061
Taxation and social security | 91,998 |  | 73,565
Accruals and deferred income | 429,053 |  | 431,280
| 1,668,186 |  | 1,543,946

18. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 19,226 |  | 28,946
Bank loans | 1,701,519 |  | 1,952,648
Other loans | - |  | 101,844
| 1,720,745 |  | 2,083,438

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Plas Newydd Care Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
19. Loans
An analysis of the maturity of loans is given below:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Amounts falling due within one year or on demand:
Bank loans | 220,808 |  | 220,808
Other loans | 479,598 |  | 224,224
| 700,406 |  | 445,032

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Amounts falling due between one and five years:
Bank loans | 1,701,519 |  | 1,952,648
Other loans | - |  | 101,844
| 1,701,519 |  | 2,054,492

HSBC loans and overdrafts are denominated in £ GBP with a nominal interest rate of between 1.8% and 3.9% over base. The final installment is due on 31 March 2032.
The bank loans are secured specifically against the company land and buildings together with a debenture compromising a fixed and floating charge over all other assets. The bank overdraft is secured specifically against the company land and buildings together with a debenture comprising a fixed and floating charge over all other assets.
20. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 19,455 |  | 19,454
Later than one year and not later than five years | 19,226 |  | 28,946
| 38,681 |  | 48,400
| 38,681 |  | 48,400

21. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 | 2024
| £ | £
Capital allowances in excess of depreciation | 16,052 | 21,246
Revluation of crypto currency investments | 774,728 | 104,188
| 790,780 | 125,434

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 790,780 |  | 125,434

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Plas Newydd Care Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
22. Provisions for Liabilities

| Deferred Tax | Total
--- | --- | ---
| £ | £
As at 1 September 2024 | 125,434 | 125,434
Additions | 665,346 | 665,346
Balance at 31 August 2025 | 790,780 | 790,780

23. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up but not fully paid | £ |  | £
1 Ordinary Shares of £ 1.00 each | 1 |  | 1
180,000 Ordinary E shares of £ 0.01 each | 1,800 |  | 1,800
| 1,801 |  | 1,801

24. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
During the year the charge to the profit and loss account in respect of defined contribution schemes was £62,393 (2024: £50,853).
At the balance sheet date contributions of £24,010 (2024: £18,907) were due to the fund and are included in creditors.
25. Dividends

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
On equity shares:
Interim dividend paid | 243,530 |  | 243,238

26. Related Party Disclosures
As at 31 August 2025 the company owed £54,000 (2024: £50,000) to key management personnel.
As at 31 August 2025 the company was owed £93,000 (2024: £77,000) to family members of key management personnel.
As at 31 August 2025 a provision of £105,000 (2024: £nil) has been made against a further balance owed by family members of key management personnel.
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