Springfield Holdings Limited

	Page
Company Information	1
Strategic Report	2—3
Director's Report	4—5
Independent Auditor's Report	6—8
Consolidated Profit and Loss Account	9
Consolidated Statement of Comprehensive Income	10
Consolidated Balance Sheet	11
Company Balance Sheet	12
Consolidated Statement of Changes in Equity	13
Company Statement of Changes in Equity	14
Consolidated Statement of Cash Flows	15
Notes to the Consolidated Statement of Cash Flows	16
Notes to the Financial Statements	17—25

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Strategic Report

For The Year Ended 31 August 2025

Strategic Report

The director presents his strategic report for the year ended 31 August 2025.

Review of the Business

Springfield Holdings Limited is the parent company of a group that designs, operates and continuously improves residential care homes across England, serving elderly residents through a blend of local authority and privately funded placements. The group’s mission is to deliver consistent, high-quality care underpinned by well-managed, financially resilient operations.

The year ended 31 August 2025 represented a landmark period of growth. The group extended its geographic reach and care capacity through a strategic acquisition completed during the year, significantly broadening the platform from which it serves residents, commissioners, and funding partners. This expansion was executed in an operationally disciplined manner: service standards were maintained, staff morale remained strong, and the enlarged group traded profitably from the outset of consolidation.

Occupancy levels across the group were well supported throughout the year, underpinned by established relationships with local authority commissioners and a strong reputation for quality care in each home’s local community. The group continued to invest in its workforce through structured training, career development, and competitive remuneration, recognising that a stable, skilled team is the foundation of both regulatory compliance and financial performance.

Financial Business Review

The group delivered a strong financial performance in the year, with turnover rising to £10.3 million, operating profit more than doubling to £2.0 million, and profit before taxation increasing to £543,737. Cash generation was robust: net cash from operating activities was £1.2 million, and the group closed the year with cash at bank of £1.2 million, almost double the prior-year position. Net assets strengthened to £1.8 million, reflecting the group’s growing equity base.

Operating profitability improved on both an absolute and proportionate basis, with the operating margin advancing to 19.7% (2024: 17.9%). This reflects the disciplined integration of new capacity, the benefits of scale across procurement and central functions, and the consistent application of cost management disciplines across all homes. The group funds its asset base through a combination of long-term bank facilities and a connected-party loan, both of which carry defined repayment profiles and are being serviced in accordance with their terms.

The board considers the group’s financial position to be sound. The asset base is predominantly freehold property and goodwill associated with established, income-generating care businesses. Cash flows are largely recurring in nature, driven by the regularity of care fee receipts from local authority and private funders. This income visibility provides a stable foundation for debt service and supports the group’s capacity to invest in quality and growth.

Key Performance Indicators

	2025	2024
	£	£
Turnover	10.3m	5.6m
Gross profit	3.0m	2.2m
Operating profit	2.0m	1.0m
Operating profit margin	19.7%	17.9%
Profit before tax	0.5m	0.2m
Cash at bank	1.2m	0.6m
Net assets	1.8m	1.4m
Average employees	142	145

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Springfield Holdings Limited

Strategic Report (continued)

For The Year Ended 31 August 2025

Principal Risks and Uncertainties

Staffing and Retention

Securing qualified professionals remains a priority in a competitive labour market. Springfield Holdings Limited addresses this by offering structured career pathways, continuing professional development, and competitive compensation.

Occupancy and Competition

The company's ability to maintain strong occupancy rates in each home is closely tied to its reputation, quality standards, and local networking. Targeted marketing efforts and ongoing improvements to resident experience help the group stay ahead of regional competitors.

Regulatory Compliance and Governance

All homes operate in accordance with the Care Quality Commission (CQC) framework. Rigorous internal monitoring and board-level oversight ensure full compliance. Corporate governance adheres to the Companies Act 2006, with directors fulfilling their fiduciary and statutory duties through regular reporting, conflict-of-interest checks, and transparent decision-making.

Financial Management

The board frequently reviews liquidity, credit arrangements, and loan covenants, ensuring the group's financial standing remains robust. This vigilance allows Springfield Holdings Limited to capitalise on new opportunities and adjust to changing market conditions without compromising financial stability.

Future Developments

The group is well positioned for continued progress. Management will focus on optimising occupancy and care quality across all homes, embedding operational efficiencies realised through the enlarged group structure, and pursuing targeted capital investment in facility improvements. The director will continue to evaluate selective growth opportunities where these are consistent with the group’s commitment to quality, financial discipline, and long-term stakeholder value.

Going concern

Having reviewed the group’s financial position, cash flow projections, and available facilities for a period of not less than twelve months from the date of approval of these financial statements, the director is satisfied that the group has adequate resources to continue in operational existence for the foreseeable future. These financial statements have accordingly been prepared on a going concern basis.

On behalf of the board

Mr M A Raja

Director

29/05/2026

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Springfield Holdings Limited

Company No. 09495542

Director's Report For The Year Ended 31 August 2025

Director's Report

The director presents his report and the financial statements for the year ended 31 August 2025.

Principal Activity

The principal activity of the group in the year under review was that of the provision of health and social care services to private clients and local authorities, focused on the continued development of residential care services.

Dividends

No dividends will be distributed for the year ended 31 August 2025.

Political Donations and Expenditure

Charitable donations during the year amounted to £1,157.00 (2024: £5,691.80).

Directors

M A Raja held office during the whole of the period from 1 September 2024 to the date of this report.

Statement of Director's Responsibilities

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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.

The director is 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

So far as the director is 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 he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

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Springfield Holdings Limited

Director's Report (continued)

For The Year Ended 31 August 2025

Independent Auditors

The auditors, Alderton Accountancy Limited, Statutory Auditor, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board

Mr M A Raja

Director

29/05/2026

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Independent Auditor's Report

to the Members of

Springfield Holdings Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Springfield Holdings Limited (the "parent company") and its subsidiaries (the "group") for the year ended 31 August 2025 which comprise the Consolidated Profit and Loss Account, Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes of Equity, Company Statement of Changes of Equity, Consolidated 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 group's and of the parent company's affairs as at 31 August 2025 and of the group's 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 group and parent 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 director's 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 and parent company'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 director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, 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 Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Springfield Holdings Limited

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the group and parent company and their environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's 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 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 or returns; or
certain disclosures of director's 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 Director's Responsibilities Statement set out on page 4—5, the director is 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 director 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 director is responsible for assessing the group and 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.

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.

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Enquiry of management around actual and potential litigation and claims, and any know instances of non-compliance;

Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias; and

Reviewing our work throughout the audit file for evidence of non-compliance.

Due to factors such as the use of judgement, sample testing and the inherent limitations of internal control, these procedures are capable of obtaining reasonable, but not absolute, assurance that irregularities have been detected.

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.

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.

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Independent Auditor's Report (continued)

to the Members of

Springfield Holdings Limited

Jamil Raja (Senior Statutory Auditor)

for and on behalf of Alderton Accountancy Limited, Statutory Auditor , Statutory Auditor

29/05/2026

Alderton Accountancy Limited, Statutory Auditor

962 Eastern Avenue

Newbury Park

llford Essex

IG2 7JD

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Springfield Holdings Limited

Consolidated Profit and Loss Account

For The Year Ended 31 August 2025

Consolidated Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER	3	10,279,178	5,631,570
Cost of sales		(7,244,015 )	(3,476,841 )

GROSS PROFIT		3,035,163	2,154,729

Administrative expenses		(1,014,929 )	(625,071 )
Other operating income		8,944	(520,298 )

OPERATING PROFIT	5	2,029,178	1,009,360
Income from Shares in group undertakings		-	543,217
Other interest receivable and similar income	9	17,949	-
Interest payable and similar charges	10	(1,503,390 )	(1,350,524 )

PROFIT BEFORE TAXATION		543,737	202,053
Tax on Profit	11	(131,763 )	(46,441 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT		411,974	155,612

The notes on pages 16 to 24 form part of these financial statements.

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Springfield Holdings Limited

Consolidated Statement of Comprehensive Income

For The Year Ended 31 August 2025

Consolidated Statement of Comprehensive Income

	2025	2024
	£	£
PROFIT FOR THE FINANCIAL YEAR	411,974	155,612
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT	411,974	155,612

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Springfield Holdings Limited

Consolidated Balance Sheet

As At 31 August 2025

Consolidated Balance Sheet

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	12		8,571,381		3,711,186
Tangible Assets	13		6,107,735		5,545,196
Investments	14		1		-

			14,679,117		9,256,382
CURRENT ASSETS
Debtors	15	306,032		1,630,001
Cash at bank and in hand		1,219,025		635,315

		1,525,057		2,265,316
Creditors: Amounts Falling Due Within One Year	16	(2,814,022 )		(3,015,532 )

NET CURRENT ASSETS (LIABILITIES)			(1,288,965 )		(750,216 )

TOTAL ASSETS LESS CURRENT LIABILITIES			13,390,152		8,506,166

Creditors: Amounts Falling Due After More Than One Year	17		(11,022,166 )		(6,550,154 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	19		(593,258 )		(593,258 )

NET ASSETS			1,774,728		1,362,754

CAPITAL AND RESERVES
Called up share capital	21		12,000		12,000
Revaluation reserve	23		344,499		344,499
Profit and Loss Account			1,418,229		1,006,255

SHAREHOLDERS' FUNDS			1,774,728		1,362,754

On behalf of the board

Mr M A Raja

Director

29/05/2026

The notes on pages 16 to 24 form part of these financial statements.

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Springfield Holdings Limited

Company Balance Sheet

As At 31 August 2025

Company Balance Sheet

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	13		1,500,000		1,500,000
Investments	14		12,996,248		7,930,759

			14,496,248		9,430,759
CURRENT ASSETS
Debtors	15	257,553		115,453
Cash at bank and in hand		99,456		355,856

		357,009		471,309
Creditors: Amounts Falling Due Within One Year	16	(2,338,647 )		(1,628,519 )

NET CURRENT ASSETS (LIABILITIES)			(1,981,638 )		(1,157,210 )

TOTAL ASSETS LESS CURRENT LIABILITIES			12,514,610		8,273,549

Creditors: Amounts Falling Due After More Than One Year	17		(11,022,166 )		(6,550,153 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	19		(171,313 )		(171,313 )

NET ASSETS			1,321,131		1,552,083

CAPITAL AND RESERVES
Called up share capital	21		12,000		12,000
Revaluation reserve	23		513,938		513,938
Profit and Loss Account			795,193		1,026,145

SHAREHOLDERS' FUNDS			1,321,131		1,552,083

In accordance with section 408(3) of the Companies Act 2006, the company has not presented its own profit and loss account and the related notes. The company's (loss)/profit for the year was £(230,952 ) (2024: £ 84,938 profit/(loss)).

On behalf of the board

Mr Mohammed Azeem Raja

Director

29/05/2026

The notes on pages 16 to 24 form part of these financial statements.

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Springfield Holdings Limited

Consolidated Statement of Changes in Equity

For The Year Ended 31 August 2025

Consolidated Statement of Changes in Equity

	Share Capital	Revaluation reserve	Profit and Loss Account	Total
	£	£	£	£
As at 1 September 2023	12,000	344,499	850,643	1,207,142
Profit for the year and total comprehensive income	-	-	155,612	155,612

Dividends paid	-	-	-	-

As at 31 August 2024 and 1 September 2024	12,000	344,499	1,006,255	1,362,754


Profit for the year and total comprehensive income	-	-	411,974	411,974

Dividends paid	-	-	-	-

As at 31 August 2025	12,000	344,499	1,418,229	1,774,728

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Springfield Holdings Limited

Company Statement of Changes in Equity

For The Year Ended 31 August 2025

Company Statement of Changes in Equity

	Share Capital	Revaluation reserve	Profit and Loss Account	Total
	£	£	£	£
As at 1 September 2023	12,000	513,938	941,207	1,467,145
Profit for the year and total comprehensive income	-	-	84,938	84,938

As at 31 August 2024 and 1 September 2024	12,000	513,938	1,026,145	1,552,083


Loss for the year and total comprehensive income	-	-	(230,952 )	(230,952)

Dividends paid	-	-	-	-

As at 31 August 2025	12,000	513,938	795,193	1,321,131

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Springfield Holdings Limited

Consolidated Statement of Cash Flows

For The Year Ended 31 August 2025

Consolidated Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	2,873,375	1,771,895
Interest paid		(1,503,390 )	(1,350,524 )
Tax paid		(186,192 )	-

Net cash generated from operating activities		1,183,793	421,371

Cash flows from investing activities
Purchase of tangible assets		(64,449 )	-
Purchase of other fixed asset investments		(5,065,490 )	-
Grants received		7,745	-
Interest received		17,949	-
Dividends received		-	543,217

Net cash (used in)/generated from investing activities		(5,104,245 )	543,217

Cash flows from financing activities
Proceeds from new bank borrowings		4,782,430	-
Repayment of bank borrowings		-	(155,980 )
Repayment of other loans		(272,648)	(938,735)
Amount withdrawn by directors		(5,620)	(380)

Net cash generated from/(used in) financing activities		4,504,162	(1,095,095 )



Increase/(decrease) in cash and cash equivalents		583,710	(130,507 )
Cash and cash equivalents at beginning of year	2	635,315	765,822

Cash and cash equivalents at end of year	2	1,219,025	635,315

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Springfield Holdings Limited

Notes to the Consolidated Statement of Cash Flows

For The Year Ended 31 August 2025

Notes to the Consolidated Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from operations

	2025	2024
	£	£
Profit for the financial year	411,974	155,612
Adjustments for:
Tax on profit	131,763	46,441
Interest expense	1,503,390	1,350,524
Interest income	(17,949 )	-
Income from shares in group undertakings	-	(543,217)
Depreciation of tangible assets	2,854	7,333
Grant income	(7,745)	-
Movements in working capital:
Decrease/(increase) in trade and other debtors	1,033,939	(273,240 )
(Decrease)/increase in trade and other creditors	(184,851 )	1,028,442

Net cash generated from operations	2,873,375	1,771,895

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	1,219,025	635,315

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	635,315	583,710	1,219,025
Debts falling due within one year	(34,376 )	(27,770)	(62,146 )
Debts falling due after more than one year	(6,293,954)	(4,482,012)	(10,775,966)

	(5,693,015)	(3,926,072)	(9,619,087)

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Springfield Holdings Limited

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

Springfield Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09495542 . The registered office is 20 Lodwick, Shoeburyness, Essex, 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, 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 each asset over its estimated useful life.

Freehold	50 years based on cost/revalued amount
Plant & Machinery	Over the lease term
Fixtures & Fittings	25% on RBM, 15% on RBM and 10% on cost

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.

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.

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Springfield Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.7. 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 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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. Turnover

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

4. Other Operating Income

	2025	2024
	£	£
Grant income	7,745	-
Rental income	-	(543,217 )
Other operating income	1,199	22,919

	8,944	(520,298)

5. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Depreciation of tangible fixed assets	2,854	7,333

6. Auditor's Remuneration

Remuneration received by the group's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	72,600	31,154

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Springfield Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

7. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Wages and salaries	5,017,911	2,507,381	64,607	58,000
Social security costs	264,210	203,041	7,892	6,749
Other pension costs	125,272	47,318	1,321	1,321

	5,407,393	2,757,740	73,820	66,070

8. Average Number of Employees

Group

Average number of employees, including directors, during the year was: 142 (2024: 145)

Company

Average number of employees, including directors, during the year was: 2 (2024: 1)

9. Interest Receivable and Similar Income

	2025	2024
	£	£
Interest on short term deposits	17,949	-
Dividends from shares in subsidiaries	-	543,217

	17,949	543,217

10. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	440,999	316,772
Late payment tax charges	5,006	-
Other finance charges	1,057,385	1,033,752

	1,503,390	1,350,524

11. Tax on Profit

The tax charge on the profit for the year was as follows:

	2025	2024
	£	£
Current tax
UK Corporation Tax	131,763	46,441


Total tax charge for the period	131,763	46,441

Page 19

Page 20

Springfield Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

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	543,737	202,053

Tax on profit at 25% (UK standard rate)	135,934	-
Capital allowances	(4,171 )	-

Total tax charge for the period	131,763	-

12. Intangible Assets

Group

	Goodwill
	£
Cost
As at 1 September 2024	4,481,186
Additions	4,860,195

As at 31 August 2025	9,341,381

Amortisation
As at 1 September 2024	770,000

As at 31 August 2025	770,000

Net Book Value
As at 31 August 2025	8,571,381

As at 1 September 2024	3,711,186

Company

The company had no intangible fixed assets as at 31 August 2025 or 31 August 2024.

13. Tangible Assets

Group

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost or Valuation
As at 1 September 2024	5,535,679	-	198,385	5,734,064
Additions	550,141	803	14,449	565,393

As at 31 August 2025	6,085,820	803	212,834	6,299,457

Depreciation
As at 1 September 2024	-	-	188,868	188,868
Provided during the period	-	121	2,733	2,854

As at 31 August 2025	-	121	191,601	191,722

...CONTINUED

Page 20

Page 21

Springfield Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Net Book Value
As at 31 August 2025	6,085,820	682	21,233	6,107,735

As at 1 September 2024	5,535,679	-	9,517	5,545,196

Company

	Land & Property
	Freehold
	£
Cost or Valuation
As at 1 September 2024	1,500,000

As at 31 August 2025	1,500,000

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

As at 1 September 2024	1,500,000

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

Cost or valuation at 31 August 2025 is represented by:

	Freehold property
	£
Valuation in 2022	685,250
Cost	814,750

	1,500,000

Freehold land and buildings were valued on an open market basis on 31 August 2022 by the Director.

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

14. Investments

Group

	Unlisted
	£
Cost
As at 1 September 2024	-
Additions	1

As at 31 August 2025	1

Provision
As at 1 September 2024	-

As at 31 August 2025	-

Net Book Value
As at 31 August 2025	1

As at 1 September 2024	-

Page 21

Page 22

Springfield Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Company

	Unlisted
	£
Cost
As at 1 September 2024	7,930,759
Additions	5,065,489

As at 31 August 2025	12,996,248

Provision
As at 1 September 2024	-

As at 31 August 2025	-

Net Book Value
As at 31 August 2025	12,996,248

As at 1 September 2024	7,930,759

15. Debtors

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Due within one year
Trade debtors	222,683	83,320	-	-
Amounts owed by group undertakings	-	1,494,448	227,553	115,453
Other debtors	83,349	52,233	30,000	-

	306,032	1,630,001	257,553	115,453

16. Creditors: Amounts Falling Due Within One Year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Trade creditors	134,545	146,705	148	12,151
Bank loans and overdrafts	62,146	34,376	62,146	34,376
Amounts owed to group undertakings	-	1,494,448	835,897	689,497
Other creditors	552,066	413,222	181,539	180,430
Corporation tax	97,765	152,194	1,001	53,434
Taxation and social security	139,777	115,851	11,116	51,431
Accruals and deferred income	1,827,723	658,736	1,246,800	607,200

	2,814,022	3,015,532	2,338,647	1,628,519

Page 22

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Springfield Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

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

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Bank loans	8,473,004	3,718,344	8,473,004	3,718,343
Loan from RBR	2,302,962	2,575,610	2,302,962	2,575,610
Other creditors	246,200	256,200	246,200	256,200

	11,022,166	6,550,154	11,022,166	6,550,153

Of the creditors the following amounts are secured.

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Bank loans and overdrafts	8,513,839	3,752,719	3,588,048	3,752,719

18. Loans

An analysis of the maturity of loans is given below:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Amounts falling due within one year or on demand:
Bank loans	62,146	34,376	62,146	34,376

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Amounts falling due between one and five years:
Bank loans	8,473,004	3,718,344	8,473,004	3,718,343
Other loans	2,302,962	2,575,610	2,302,962	2,575,610

	10,775,966	6,293,954	10,775,966	6,293,953

The Group obtained a loan from the Bank in June 2022. As of the year-end, the outstanding balance was £8,513,839 (2023: £3,752,720). The loan carries an interest rate of 8.2% per annum and is repayable over 25 years.

The Group borrowed a loan from RBR Property Investments Limited, a company connected with the Director. The balance of this loan outstanding as at the year end was £2,302,961.50 (2024: £2,575,610). This loan carries an interest rate of 5% per annum and is repayable by year 2030.

19. Deferred Taxation

The provision for deferred tax is made up as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Other timing differences	593,258	593,258	171,313	171,313

Page 23

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Springfield Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

20. Provisions for Liabilities

Group
	Deferred Tax	Total
	£	£
As at 1 September 2024	593,258	593,258

Balance at 31 August 2025	593,258	593,258

Company
	Deferred Tax	Total
	£	£
As at 1 September 2024	171,313	171,313

Balance at 31 August 2025	171,313	171,313

21. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
12,000 Ordinary Shares of £ 1.00 each	12,000	12,000

22. Pension Commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £123,951 (2024: £45,997).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

23. Reserves

Company

	Revaluation Reserve
	£
As at 1 September 2024	513,938

As at 31 August 2025	513,938

24. Related Party Disclosures

Top Care Homes Limited: a company under common Directorship

	2025	2024
	£	£



Amount due to related party	246,200	256,200

25. INDIVIDUAL INCOME STATEMENT

Page 24

Page 25

Springfield Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

Page 25

Director	Mr M A Raja

Company Number	09495542

Registered Office	20 Lodwick
	Shoeburyness
	Essex
	SS3 9HW

Auditors	Alderton Accountancy Limited, Statutory Auditor
	962 Eastern Avenue
	Newbury Park
	llford Essex
	IG2 7JD

Bankers	Barclays Bank
	Southend-On-Sea
	Lecicestershire
	Leicestershire
	LE87 2BB