Silverfin false false 28/02/2026 01/03/2025 28/02/2026 Andrew Berry 26/04/2010 Yvonne Berry 26/04/2010 Jean Marie Bird 26/04/2010 Kathryn Mary Leadbetter 11/11/2002 Kenneth Leadbetter 11/11/2002 02 June 2026 The principal activity of the Company during the financial year was the operation of a residential care home. 04586274 2026-02-28 04586274 bus:Director1 2026-02-28 04586274 bus:Director2 2026-02-28 04586274 bus:Director3 2026-02-28 04586274 bus:Director4 2026-02-28 04586274 bus:Director5 2026-02-28 04586274 2025-02-28 04586274 core:CurrentFinancialInstruments 2026-02-28 04586274 core:CurrentFinancialInstruments 2025-02-28 04586274 core:Non-currentFinancialInstruments 2026-02-28 04586274 core:Non-currentFinancialInstruments 2025-02-28 04586274 core:ShareCapital 2026-02-28 04586274 core:ShareCapital 2025-02-28 04586274 core:RetainedEarningsAccumulatedLosses 2026-02-28 04586274 core:RetainedEarningsAccumulatedLosses 2025-02-28 04586274 core:LandBuildings 2025-02-28 04586274 core:Vehicles 2025-02-28 04586274 core:FurnitureFittings 2025-02-28 04586274 core:LandBuildings 2026-02-28 04586274 core:Vehicles 2026-02-28 04586274 core:FurnitureFittings 2026-02-28 04586274 2024-02-29 04586274 core:AcceleratedTaxDepreciationDeferredTax 2026-02-28 04586274 core:AcceleratedTaxDepreciationDeferredTax 2025-02-28 04586274 core:WithinOneYear 2026-02-28 04586274 core:WithinOneYear 2025-02-28 04586274 core:BetweenOneFiveYears 2026-02-28 04586274 core:BetweenOneFiveYears 2025-02-28 04586274 2025-03-01 2026-02-28 04586274 bus:FilletedAccounts 2025-03-01 2026-02-28 04586274 bus:SmallEntities 2025-03-01 2026-02-28 04586274 bus:AuditExemptWithAccountantsReport 2025-03-01 2026-02-28 04586274 bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 04586274 bus:Director1 2025-03-01 2026-02-28 04586274 bus:Director2 2025-03-01 2026-02-28 04586274 bus:Director3 2025-03-01 2026-02-28 04586274 bus:Director4 2025-03-01 2026-02-28 04586274 bus:Director5 2025-03-01 2026-02-28 04586274 core:Vehicles 2025-03-01 2026-02-28 04586274 core:FurnitureFittings 2025-03-01 2026-02-28 04586274 2024-03-01 2025-02-28 04586274 core:LandBuildings 2025-03-01 2026-02-28 04586274 core:CurrentFinancialInstruments 2025-03-01 2026-02-28 04586274 core:Non-currentFinancialInstruments 2025-03-01 2026-02-28 iso4217:GBP xbrli:pure

Company No: 04586274 (England and Wales)

# MALLANDS CARE LIMITED

### Unaudited Financial Statements
For the financial year ended 28 February 2026
Pages for filing with the registrar

MALLANDS CARE LIMITED

## Unaudited Financial Statements

For the financial year ended 28 February 2026

Contents

MALLANDS CARE LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 28 February 2026
MALLANDS CARE LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 28 February 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 384,391 |  | 321,895
|  | 384,391 |  | 321,895
Current assets |  |  |  |
Stocks |  | 2,200 |  | 2,200
Debtors | 4 | 164,370 |  | 270,646
Cash at bank and in hand |  | 614,278 |  | 513,937
|  | 780,848 |  | 786,783
Creditors: amounts falling due within one year | 5 | ( 176,508) |  | ( 195,707)
Net current assets |  | 604,340 |  | 591,076
Total assets less current liabilities |  | 988,731 |  | 912,971
Creditors: amounts falling due after more than one year | 6 | ( 17,718) |  | 0
Provision for liabilities | 7 | ( 79,873) |  | ( 63,492)
Net assets |  | 891,140 |  | 849,479
Capital and reserves |  |  |  |
Called-up share capital |  | 20,400 |  | 20,400
Profit and loss account |  | 870,740 |  | 829,079
Total shareholders' funds |  | 891,140 |  | 849,479

For the financial year ending 28 February 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Mallands Care Limited (registered number: 04586274) were approved and authorised for issue by the Board of Directors on 02 June 2026. They were signed on its behalf by:

Jean Marie Bird Director |

MALLANDS CARE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2026
MALLANDS CARE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Mallands Care Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Century House, Nicholson Road, Torquay, TQ2 7TD, United Kingdom. The principal place of business is Mallands Care Home, Odle Hill, Abbotskerswell, Newton Abbot, Devon, TQ12 5NL.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
Vehicles | 25 % reducing balance
Fixtures and fittings | 10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 62 |  | 52

#### 3. Tangible assets

| Land and buildings |  | Vehicles |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 March 2025 | 44,466 |  | 44,735 |  | 476,253 |  | 565,454
Additions | 0 |  | 82,509 |  | 26,577 |  | 109,086
At 28 February 2026 | 44,466 |  | 127,244 |  | 502,830 |  | 674,540
Accumulated depreciation |  |  |  |  |  |  |
At 01 March 2025 | 0 |  | 28,621 |  | 214,938 |  | 243,559
Charge for the financial year | 0 |  | 18,702 |  | 27,888 |  | 46,590
At 28 February 2026 | 0 |  | 47,323 |  | 242,826 |  | 290,149
Net book value |  |  |  |  |  |  |
At 28 February 2026 | 44,466 |  | 79,921 |  | 260,004 |  | 384,391
At 28 February 2025 | 44,466 |  | 16,114 |  | 261,315 |  | 321,895

#### 4. Debtors

| 2026 |  | 2025
| £ |  | £
Trade debtors | 51,840 |  | 104,500
Amounts owed by directors | 88,247 |  | 93,871
Prepayments | 11,492 |  | 9,484
Other debtors | 12,791 |  | 62,791
| 164,370 |  | 270,646

#### 5. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Trade creditors | 10,798 |  | 8,770
Amounts owed to directors | 19,389 |  | 9,744
Accruals | 7,800 |  | 52,195
Taxation and social security | 39,859 |  | 55,341
Obligations under finance leases and hire purchase contracts (secured) | 7,877 |  | 0
Other creditors | 90,785 |  | 69,657
| 176,508 |  | 195,707

Finance leases are secured against the assets to which they relate.

#### 6. Creditors: amounts falling due after more than one year

| 2026 |  | 2025
| £ |  | £
Obligations under finance leases and hire purchase contracts (secured) | 17,718 |  | 0

See note 5 for details of security.

#### 7. Deferred tax

| 2026 |  | 2025
| £ |  | £
At the beginning of financial year | ( 63,492) |  | ( 58,719)
Charged to the Statement of Income and Retained Earnings | ( 16,381) |  | ( 4,773)
At the end of financial year | ( 79,873) |  | ( 63,492)

The deferred taxation balance is made up as follows:

| 2026 |  | 2025
| £ |  | £
Accelerated capital allowances | ( 79,873) |  | ( 63,492)

#### 8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2026 |  | 2025
| £ |  | £
within one year | 3,552 |  | 4,182
between one and five years | 4,736 |  | 8,288
Total future minimum lease payments under non-cancellable operating leases | 8,288 |  | 12,470

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 2026 |  | 2025
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 3,113 |  | 2,454

#### 9. Related party transactions

Transactions with the entity's directors

| 2026 |  | 2025
| £ |  | £
Amounts owed to the Company by Directors | 87,228 |  | 93,871
Amounts owed to the Directors by the Company | 19,389 |  | 9,744

Interest is charged on overdrawn balance at the HMRC official rate of interest for beneficial loans and there is no fixed date for repayment.
During the year the Company rented premises from two directors of the company totalling £30,000 (2025: £30,000).