REGISTERED NUMBER: 11438306 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

MY CHOICE HEALTHCARE LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Consolidated Income Statement

8

Consolidated Other Comprehensive Income

9

Consolidated Balance Sheet

10

Company Balance Sheet

11

Consolidated Statement of Changes in Equity

12

Company Statement of Changes in Equity

13

Consolidated Cash Flow Statement

14

Notes to the Consolidated Cash Flow Statement

15

Notes to the Consolidated Financial Statements

16

DIRECTORS:

N J Askew

C P Sheppard

B Evans

REGISTERED OFFICE:

5 The Quadrant

Coventry

United Kingdom

CV1 2EL

REGISTERED NUMBER:

11438306 (England and Wales)

AUDITORS:

Flint & Thompson

Statutory Auditors

2 Manor Square

Solihull

West Midlands

B91 3PX

Who we are

My Choice Healthcare is a group which includes a range of social care companies which operate in South Wales and Staffordshire, providing a mix of nursing and residential care services designed to support Older People (including those living with dementia) and individuals with a Learning Disability and/or mental illness, to live full and valued lives. Delivering person centred care, we strive to maximise choice and control for all individuals that we support.

Mission

Our mission is to deliver individually tailored support, which makes a difference to the lives of those living within our care homes.

Our objectives are:

- To deliver truly person-centred care and support.

- To support people to live full and valued lives and to achieve their aspirations.

- To deliver-care and support of the highest standard, ensuring full regulatory requirements are met.

- To provide extensive training and development for staff, so as to enable them to deliver exemplary care.

- To support residents in a way which promotes their dignity, affords them respect and enables them to exercise choice and control over their care, in so far as their ability allows.

- To provide safe, welcoming and nurturing environments within all of our Homes.

REVIEW OF BUSINESS

The directors consider that the Key Performance Indicators include:

- Annual Turnover

- Staffing costs (and their percentage of the Turnover)

- Home occupancy %

- Profit before tax

The consolidated statement of income and retained earnings shows the group achieved a turnover of £11,007,958 (2024: £8,270,800). The increase in turnover is as a result of having a full year of trade of the most recently acquired homes; Towy Castle and Alexandra House. The profit before taxation is £149,849 (2024: £2,151,891). Staffing costs increased as a result of the acquisitions as well as the increased National (and Real) Living Wage and National Insurance. Shareholder funds increased by £2,717,028 (2024: £3,199,137) due to the redemption of Preference shares in the year.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors believe that the group, despite the challenges presented by the wider economic climate, will continue to provide its residents with a high level of care and competitive, cost-effective services throughout the coming year. By maintaining and further enhancing the standard of the homes, along with providing first class care, the business will continue to attract new residents and sustain high levels of occupancy and resident satisfaction.

ON BEHALF OF THE BOARD:

N J Askew - Director

22 May 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 August 2025.

DIVIDENDS

During the year, interim dividends of £117,500 were paid on the Ordinary shares and £145,422.50 were paid on Preference shares.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 September 2024 to the date of this report.

N J Askew

C P Sheppard

Other changes in directors holding office are as follows:

B Evans - appointed 26 August 2025

POLITICAL DONATIONS AND EXPENDITURE

There were no political donations in the year.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors 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 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 the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Flint & Thompson, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

N J Askew - Director

22 May 2026

Opinion

We have audited the financial statements of My Choice Healthcare Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 August 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, 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, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 August 2025 and of the group's profit 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group 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 group's and the parent company's ability to continue as a going concern for a period of at least twelve 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 directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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 Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and 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 Statement of Directors' Responsibilities set out on page three, 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 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' 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 a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach was as follows:

- We assessed the risks of material misstatement in respect of fraud by making enquiries to management during the audit.

- Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified below:

- We corroborated our enquiries through review of documentation from external inspection.

We considered the risk of fraud through management override and, in response, we incorporated testing of manual journal entries throughout the period into our audit approach.

We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity and determined that the most significant is that which relates to The Health and Safety at Work Act 1974 and as compliance is fundamental to the operating aspects of the company to continue its business, or to avoid material penalties.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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 we are required to state to them in a Report of the Auditors 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.

Peter Haughton FCCA MAAT (Senior Statutory Auditor)

for and on behalf of Flint & Thompson

Statutory Auditors

2 Manor Square

Solihull

West Midlands

B91 3PX

22 May 2026

TURNOVER

11,007,958

8,270,800

Cost of sales

340,221

312,171

GROSS PROFIT

10,667,737

7,958,629

Distribution costs

3,545

1,000

Administrative expenses

8,763,627

6,559,722

8,767,172

6,560,722

1,900,565

1,397,907

Other operating income

127,820

1,691,622

OPERATING PROFIT

4

2,028,385

3,089,529

Profit/loss - Sale of tangible fixed assets

5

-

1,447

2,028,385

3,090,976

Interest receivable and similar income

396

1,041

2,028,781

3,092,017

Interest payable and similar expenses

6

1,878,932

940,126

PROFIT BEFORE TAXATION

149,849

2,151,891

Tax on profit

7

(1,579,046

)

750,977

PROFIT FOR THE FINANCIAL YEAR

1,728,895

1,400,914

Profit attributable to:

Owners of the parent

1,728,895

1,400,914

PROFIT FOR THE YEAR

1,728,895

1,400,914

OTHER COMPREHENSIVE INCOME

Revaluation of Subsidiary

Revaluation of Freehold Property

113,000

1,676,913

Included in Other Operating Income

(113,000

)

(1,676,913

)

Income tax relating to components of other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,728,895

1,400,914

Total comprehensive income attributable to:

Owners of the parent

1,728,895

1,400,914

FIXED ASSETS

Intangible assets

10

2,107,298

2,141,675

Tangible assets

11

15,694,105

15,370,479

Investments

12

-

-

17,801,403

17,512,154

CURRENT ASSETS

Stocks

13

18,312

18,312

Debtors

14

1,044,511

1,018,725

Cash at bank and in hand

473,519

142,227

1,536,342

1,179,264

CREDITORS

Amounts falling due within one year

15

3,497,470

1,939,631

NET CURRENT LIABILITIES

(1,961,128

)

(760,367

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,840,275

16,751,787

CREDITORS

Amounts falling due after more than one year

16

(10,497,519

)

(7,305,541

)

PROVISIONS FOR LIABILITIES

19

(126,157

)

(1,512,619

)

NET ASSETS

5,216,599

7,933,627

CAPITAL AND RESERVES

Called up share capital

20

100

4,091,100

Retained earnings

21

5,216,499

3,842,527

SHAREHOLDERS' FUNDS

5,216,599

7,933,627

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

N J Askew - Director

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

958

2,723

Investments

12

150

150

1,108

2,873

CURRENT ASSETS

Debtors

14

14,617,914

5,660,140

Cash at bank

80,533

50,770

14,698,447

5,710,910

CREDITORS

Amounts falling due within one year

15

3,726,311

1,093,345

NET CURRENT ASSETS

10,972,136

4,617,565

TOTAL ASSETS LESS CURRENT LIABILITIES

10,973,244

4,620,438

CREDITORS

Amounts falling due after more than one year

16

10,495,519

154,040

NET ASSETS

477,725

4,466,398

CAPITAL AND RESERVES

Called up share capital

20

100

4,091,100

Retained earnings

477,625

375,298

SHAREHOLDERS' FUNDS

477,725

4,466,398

Company's profit for the financial year

365,250

660,001

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

N J Askew - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 September 2023

1,920,100

2,814,392

4,734,492

Changes in equity

Issue of share capital

2,171,000

-

2,171,000

Dividends

-

(372,779

)

(372,779

)

Total comprehensive income

-

1,400,914

1,400,914

Balance at 31 August 2024

4,091,100

3,842,527

7,933,627

Changes in equity

Issue of share capital

(4,091,000

)

-

(4,091,000

)

Dividends

-

(354,923

)

(354,923

)

Total comprehensive income

-

1,728,895

1,728,895

Balance at 31 August 2025

100

5,216,499

5,216,599

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 September 2023

1,920,100

28,076

1,948,176

Changes in equity

Issue of share capital

2,171,000

-

2,171,000

Dividends

-

(312,779

)

(312,779

)

Total comprehensive income

-

660,001

660,001

Balance at 31 August 2024

4,091,100

375,298

4,466,398

Changes in equity

Issue of share capital

(4,091,000

)

-

(4,091,000

)

Dividends

-

(262,923

)

(262,923

)

Total comprehensive income

-

365,250

365,250

Balance at 31 August 2025

100

477,625

477,725

Cash flows from operating activities

Cash generated from operations

1

4,498,705

1,793,080

Interest paid

(1,878,932

)

(940,126

)

Tax paid

(99,238

)

96,526

Net cash from operating activities

2,520,535

949,480

Cash flows from investing activities

Purchase of intangible fixed assets

-

(1,392,901

)

Purchase of tangible fixed assets

(264,241

)

(3,721,574

)

Sale of tangible fixed assets

1,494

-

Negative goodwill released

(14,709

)

(14,709

)

Interest received

396

1,041

Net cash from investing activities

(277,060

)

(5,128,143

)

Cash flows from financing activities

New loans in year

2,583,740

2,413,619

Amount introduced by directors

-

50,000

Amount withdrawn by directors

(50,000

)

-

Share issue

(4,091,000

)

2,171,000

Equity dividends paid

(354,923

)

(372,779

)

Net cash from financing activities

(1,912,183

)

4,261,840

Increase in cash and cash equivalents

331,292

83,177

Cash and cash equivalents at beginning of year

2

142,227

59,050

Cash and cash equivalents at end of year

2

473,519

142,227

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

149,849

2,151,891

Depreciation charges

101,319

135,973

Profit on disposal of fixed assets

(111

)

-

Gain on revaluation of fixed assets

(113,000

)

(1,676,913

)

Finance costs

1,878,932

940,126

Finance income

(396

)

(1,041

)

2,016,593

1,550,036

Increase in stocks

-

(14,734

)

Increase in trade and other debtors

(25,786

)

(30,647

)

Increase in trade and other creditors

2,507,898

288,425

Cash generated from operations

4,498,705

1,793,080

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 August 2025

31/8/25

1/9/24

£

£

Cash and cash equivalents

473,519

142,227

Year ended 31 August 2024

31/8/24

1/9/23

£

£

Cash and cash equivalents

142,227

59,050

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1/9/24

Cash flow

At 31/8/25

£

£

£

Net cash

Cash at bank and in hand

142,227

331,292

473,519

142,227

331,292

473,519

Debt

Debts falling due within 1 year

(671,558

)

613,037

(58,521

)

Debts falling due after 1 year

(7,298,741

)

(3,196,778

)

(10,495,519

)

(7,970,299

)

(2,583,741

)

(10,554,040

)

Total

(7,828,072

)

(2,252,449

)

(10,080,521

)

1.	STATUTORY INFORMATION

My Choice Healthcare 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The presentation currency of these financial statements is sterling. All amounts in the financial statements have been rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. The policies have been consistently applied to all years unless otherwise stated.

Basis of consolidation

The consolidated financial statements include the financial statements of the company and its subsidiary undertakings. A subsidiary is an entity controlled by its parent. The results of subsidiary undertakings are included in the consolidated profit and loss account from the date that control commences until the date that control ceases. Control is established when the Company has the power to govern the operating and financial policies of an entity so as to obtain benefits from its activities. In assessing control, the Group takes into consideration potential voting rights that are currently exercisable.

Under section 408 of the Companies Act 2006 the Company is exempt from the requirement to present its own profit and loss account.

In the parent financial statements, investments in subsidiaries are initially measured at cost and subsequently measured at cost les any accumulated impairment losses. In the parent financial statements, investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

All intra group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Business combinations are accounted for using the purchase method at the acquisition date, which is the date on which control is transferred to the entity. At the acquisition date the group recognises goodwill at the acquisition date as the fair value of the equity instruments issued; plus directly attributable transaction costs; less the net recognised amount (generally fair value) of the identifiable assets acquired and liabilities and contingent liabilities assumed.

When the excess is negative, this is recognised and separately disclosed on the face of the balance sheet as negative goodwill.

Consideration which is contingent on future events is recognised based on the estimated amount if the contingent consideration is probable and can be measured reliably. Any subsequent changes to the amount are treated as an adjustment to the cost of the adjustment.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.

Turnover is recognised in the profit and loss account when the company is legally entitled to the income and the amount can be quantified with reasonable accuracy. This is the point at which the service is delivered.

Turnover for the year consists of income form customers for the provision of care and support services.

Goodwill

Goodwill, being the amount paid in connection with the acquisitions of the following businesses, is being amortised evenly over its estimated useful life of thirty five years;

Moorlands Rehabilitation (Staffordshire) Limited

2020

Homes of Excellence Limited

2021

Hawthorn Court Limited

2022

Ocean Living Property Limited

2022

Carmarthen Care Limited

2024

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.

Freehold property

-

not depreciated

Plant and machinery

-

25% Straight line, 20% on reducing balance and 15% per annum of cost

Fixtures and fittings

-

20% on reducing balance, 15% per annum of cost and 10% per annum of cost

Motor vehicles

-

25% Straight line and 25% reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first in, first out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, 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.