REGISTERED NUMBER: 06469704 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 31 AUGUST 2025

FOR

GLAMORGAN CARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N J Askew

B Evans

C P Sheppard

REGISTERED OFFICE:

5 The Quadrant

Coventry

CV1 2EL

REGISTERED NUMBER:

06469704 (England and Wales)

ACCOUNTANTS:

Askews Chartered Certified Accountants

5 The Quadrant

Coventry

West Midlands

CV1 2EL

FIXED ASSETS

Tangible assets

4

91,724

2,594,622

CURRENT ASSETS

Stocks

35,899

35,500

Debtors

5

2,910,554

74,446

Cash at bank and in hand

4,284

66,053

2,950,737

175,999

CREDITORS

Amounts falling due within one year

6

2,425,489

384,134

NET CURRENT ASSETS/(LIABILITIES)

525,248

(208,135

)

TOTAL ASSETS LESS CURRENT LIABILITIES

616,972

2,386,487

CREDITORS

Amounts falling due after more than one year

7

-

(1,706,373

)

PROVISIONS FOR LIABILITIES

(26,539

)

(34,093

)

NET ASSETS

590,433

646,021

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

589,433

645,021

590,433

646,021

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2026 and were signed on its behalf by:

N J Askew - Director

1.	STATUTORY INFORMATION

Glamorgan Care 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% reducing balance

Motor vehicles

-

25% Straight line

Stocks

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

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the 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.

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 period 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

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 period was 104 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Short

and

Motor

property

leasehold

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

2,623,836

305,328

401,060

17,544

3,347,768

Additions

-

35,024

27,478

17,929

80,431

Disposals

(2,623,836

)

(340,352

)

-

-

(2,964,188

)

At 31 August 2025

-

-

428,538

35,473

464,011

DEPRECIATION

At 1 April 2024

201,154

214,765

327,724

9,503

753,146

Charge for period

23,595

17,896

26,605

8,455

76,551

Eliminated on disposal

(224,749

)

(232,661

)

-

-

(457,410

)

At 31 August 2025

-

-

354,329

17,958

372,287

NET BOOK VALUE

At 31 August 2025

-

-

74,209

17,515

91,724

At 31 March 2024

2,422,682

90,563

73,336

8,041

2,594,622

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

194,240

72,089

Amounts owed by group undertakings

2,672,374

-

Other debtors

43,940

2,357

2,910,554

74,446

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

125,234

Hire purchase contracts

2,433

4,380

Trade creditors

77,384

13,915

Amounts owed to group undertakings

1,953,414

-

Taxation and social security

136,221

151,940

Other creditors

256,037

88,665

2,425,489

384,134

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

1,701,992

Hire purchase contracts

-

4,381

-

1,706,373

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

-

4,381

8.	RELATED PARTY DISCLOSURES

At 31 August 2025 Glamorgan Care Limited owed it's ultimate parent company My Choice Healthcare Seven Limited £1,844,418.

At 31 August 2025 Glamorgan Care Limited owed £206 to Glyncornel Care Limited a company under common control.

At 31 August 2025 Glamorgan Care Limited owed £1,273 to Hawthorn Court Care Limited a company under common control.

At 31 August 2025 Glamorgan Care Limited owed £776 to Moorlands Rehab Staffs Limited a company under common control.

At 31 August 2025 Glamorgan Care Limited owed £6,207 to Carmarthen Care Limited a company under common control.

At 31 August 2025 Glamorgan Care Limited owed £98,258 to My Choice Healthcare Investments Limited a company under common control.

At 31 August 2025 Glamorgan Care Limited owed £1,810 to The Mountains Property Limited a fellow group company.

At 31 August 2025 Glamorgan Care Limited owed £466 to The Mountains Care Limited a subsidiary company.

At 31 August 2025 Glamorgan Care Limited were owed £2,505,267 by Danygraig Property Limited a fellow group company.

At 31 August 2025 Glamorgan Care Limited were owed £167,107 by My Choice Healthcare Limited a company under common control.