Fernbrook Care Homes Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

Fernbrook Care Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06538923 . The registered office is 20 Lodwick, Shoeburyness, Southend-On-Sea, SS3 9HW.

2. Accounting Policies

2.1. Basis of Preparation of 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 as modified by the revaluation of certain assets.

The company is a member of a small group, where the parent of the group prepares publicly available consolidated financial statements, including this company.

The financial statements of the company are consolidated in the financial statements of Springfield Holdings Limited. These consolidated financial statements are available from its registered office address; 20 Lodwick Shoeburyness, Essex, SS3 9HW.

2.2. Turnover

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

Revenue is recognised when the principal contractual obligation is fulfilled, that is typically when a service user has received care services, which are usually provided on a daily basis.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

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.

2.5. Tangible Fixed Assets and Depreciation

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

Freehold	50 years based on cost/revalued amount
Fixtures & Fittings	25% on reducing balance

A full year's depreciation is charged in the year an asset is purchased, and no depreciation is charged in the year of its disposal.

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 the income statement.

2.6. Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

...CONTINUED

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Fernbrook Care Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.6. Financial Instruments - continued

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

2.7. Taxation

Taxation for the year 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 statement of financial position date..

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 23 (2024: 24)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 September 2024	370,000

As at 31 August 2025	370,000

Amortisation
As at 1 September 2024	370,000

As at 31 August 2025	370,000

Net Book Value
As at 31 August 2025	-

As at 1 September 2024	-

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Fernbrook Care Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

5. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Total
	£	£	£
Cost or Valuation
As at 1 September 2024	1,500,000	92,304	1,592,304

As at 31 August 2025	1,500,000	92,304	1,592,304

Depreciation
As at 1 September 2024	-	90,737	90,737
Provided during the period	-	392	392

As at 31 August 2025	-	91,129	91,129

Net Book Value
As at 31 August 2025	1,500,000	1,175	1,501,175

As at 1 September 2024	1,500,000	1,567	1,501,567

Included in cost or valuation of land and buildings is freehold land of £600,000 (2024-£600,000) which is not depreciated.

Freehold Land and Buildings were valued on an open market basis on 31 August 2022 by the Directors.

The Director is of the opinion that the carrying amount of freehold landand buildings reflect their fair value.

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	84,252	32,321
Loan to Employees	14,434	14,434
Payments on account to supplier	9,194	9,134
Amounts owed by group undertakings	797,391	584,991

	905,271	640,880

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	28,539	54,212
Corporation tax	42,914	39,974
Other taxes and social security	15,222	9,947
Net wages	41,228	38,677
Resident Pocket Money	1,241	1,360
Pension	2,892	2,767
C/A Top Care Homes Ltd	50,000	50,000
Attachment	1,083	1,296
Advance from Customer	14,886	-
Accruals and deferred income	181,200	18,737

	379,205	216,970

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Fernbrook Care Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

9. Reserves

	Revaluation Reserve
	£
As at 1 September 2024	174,437

As at 31 August 2025	174,437

10. Related Party Disclosures

The company has taken advantage of exemption, under the terms of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.

11. Audit Information

The auditor's report on the accounts of Fernbrook Care Homes Limited for the year ended 31 August 2025 was unqualified.

The auditor's report was signed by Jamil Raja (Senior Statutory Auditor) for and on behalf of Alderton Accountancy Limited , Statutory Auditor.

Alderton Accountancy Limited

962 Eastern Avenue

Newbury Park

Ilford

Essex

IG2 7JD

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		1,501,175		1,501,567

			1,501,175		1,501,567
CURRENT ASSETS
Debtors	6	905,271		640,880
Cash at bank and in hand		250,586		109,772

		1,155,857		750,652
Creditors: Amounts Falling Due Within One Year	7	(379,205 )		(216,970 )

NET CURRENT ASSETS (LIABILITIES)			776,652		533,682

TOTAL ASSETS LESS CURRENT LIABILITIES			2,277,827		2,035,249

PROVISIONS FOR LIABILITIES
Deferred Taxation			(58,146 )		(58,146 )

NET ASSETS			2,219,681		1,977,103

CAPITAL AND RESERVES
Called up share capital	8		100		100
Revaluation reserve	9		174,437		174,437
Profit and Loss Account			2,045,144		1,802,566

SHAREHOLDERS' FUNDS			2,219,681		1,977,103