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REGISTERED NUMBER: NI024080 (Northern Ireland)















CAREWELL HOMES LIMITED

Unaudited Financial Statements for the Year Ended 30 September 2025





Cooper Parry Advisory Limited
Unit 7 Dyehouse
Linen Green
Dungannon
Co. Tyrone
BT71 7HB








CAREWELL HOMES LIMITED (REGISTERED NUMBER: NI024080)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CAREWELL HOMES LIMITED

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2025







DIRECTORS: Louise Bradley
Carol Kelly
Juileanne Treacy





REGISTERED OFFICE: Millcroft Nursing Home
66 Mill Street
Enniskillen
Co. Fermanagh
BT74 6DW





REGISTERED NUMBER: NI024080 (Northern Ireland)





ACCOUNTANTS: Cooper Parry Advisory Limited
Unit 7 Dyehouse
Linen Green
Dungannon
Co. Tyrone
BT71 7HB
1
CAREWELL HOMES LIMITED (REGISTERED NUMBER: NI024080)

Statement of Financial Position
30 SEPTEMBER 2025

2025 2024
Notes £ £
NON-CURRENT ASSETS
Intangible assets 5 - -
Property, plant and equipment 6 2,940,777 3,011,670
Investments 7 100 100
2,940,877 3,011,770

CURRENT ASSETS
Inventories 33,609 28,774
Receivables 8 481,009 728,709
Cash at bank and in hand 774,302 297,430
1,288,920 1,054,913
PAYABLES
Amounts falling due within one year 9 (1,247,066 ) (1,245,535 )
NET CURRENT ASSETS/(LIABILITIES) 41,854 (190,622 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,982,731
2,821,148

PAYABLES
Amounts falling due after more than
one year
10
-
(460,939
)

PROVISIONS FOR LIABILITIES (100,183 ) (85,165 )
NET ASSETS 2,882,548 2,275,044

CAPITAL AND RESERVES
Called up share capital 75,000 75,000
Retained earnings 2,807,548 2,200,044
SHAREHOLDERS' FUNDS 2,882,548 2,275,044

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these financial statements

2
CAREWELL HOMES LIMITED (REGISTERED NUMBER: NI024080)

Statement of Financial Position - continued
30 SEPTEMBER 2025


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 13 May 2026 and were signed on its behalf by:




Louise Bradley - Director Carol Kelly - Director




Juileanne Treacy - Director


The notes form part of these financial statements

3
CAREWELL HOMES LIMITED (REGISTERED NUMBER: NI024080)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. STATUTORY INFORMATION

Carewell Homes Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business. Purchased goodwill is capitalised in the Statement of Financial Position and is being amortised evenly over its estimated useful life of 10 years.

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.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% straight line
Long leasehold - 2% straight line
Fixtures and fittings - 20% reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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 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.


4
CAREWELL HOMES LIMITED (REGISTERED NUMBER: NI024080)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2025

3. ACCOUNTING POLICIES - continued
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.

Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit & Loss when received.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 313 (2024 - 320 ) .

5. INTANGIBLE FIXED ASSETS
Patents and
Goodwill licences Totals
£ £ £
COST
At 1 October 2024
and 30 September 2025 410,000 4 410,004
AMORTISATION
At 1 October 2024
and 30 September 2025 410,000 4 410,004
NET BOOK VALUE
At 30 September 2025 - - -
At 30 September 2024 - - -

5
CAREWELL HOMES LIMITED (REGISTERED NUMBER: NI024080)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2025

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Long and
property leasehold fittings Totals
£ £ £ £
COST
At 1 October 2024 3,039,441 1,073,871 3,291,143 7,404,455
Additions - - 108,265 108,265
At 30 September 2025 3,039,441 1,073,871 3,399,408 7,512,720
DEPRECIATION
At 1 October 2024 888,324 605,723 2,898,738 4,392,785
Charge for year 57,745 21,477 99,936 179,158
At 30 September 2025 946,069 627,200 2,998,674 4,571,943
NET BOOK VALUE
At 30 September 2025 2,093,372 446,671 400,734 2,940,777
At 30 September 2024 2,151,117 468,148 392,405 3,011,670

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 October 2024
and 30 September 2025 100
NET BOOK VALUE
At 30 September 2025 100
At 30 September 2024 100

8. RECEIVABLES
2025 2024
£ £
Trade receivables 229,357 494,984
Amounts owed by group undertakings 41,723 41,723
Other receivables 209,929 192,002
481,009 728,709

9. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Bank loans and overdrafts - 202,588
Trade payables 169,159 230,490
Taxation and social security 370,121 260,738
Other payables 707,786 551,719
1,247,066 1,245,535

10. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2025 2024
£ £
Bank loans - 460,939

6
CAREWELL HOMES LIMITED (REGISTERED NUMBER: NI024080)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2025

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A balance of £117,027 was owing from the company to the directors at the
year end.

7