REGISTERED NUMBER: 03071484 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 30 June 2025

for

Millennium Care Homes Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Income Statement

7

Other Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

DIRECTORS:

Mohamed Hassan Roshanali Merali

Hasnain Mohammed Taki Merali

SECRETARY:

REGISTERED OFFICE:

Suite D5 St Meryl Suite Carpenders Park

Hertfordshire

Watford

WD19 5EF

REGISTERED NUMBER:

03071484 (England and Wales)

AUDITORS:

Merali's

Chartered Accountants & Statutory Auditors

Scottish Provident House

76-80 College Road

Harrow

Middlesex

HA1 1BQ

The directors present their strategic report for the year ended 30 June 2025.

Abbey House Nursing Home is a care home operated by Millennium Care Homes Limited that provides nursing services for residents. The home has a capacity of approximately 43 beds and offers residential nursing care aimed at supporting residents’ long-term health and providing assistance with daily living needs.

REVIEW OF BUSINESS

The directors are committed to maintaining an excellent reputation for providing high standards of care and comfort to residents. To achieve this, they have continued to ensure that appropriate measures are in place including staff development, deploying recommended practice policies and procedures and maintain the care homes to a high standard. The directors are pleased that their efforts continue to be reflected in the overall positive results achieved from the inspections conducted by the Care Quality Commission (CQC).

The financial results for the year ended 30 June 2025 continue to positively reflect the efforts and investment undertaken. The key financial highlights of the company are:

Particulars

2025

2024

£

£

Turnover

3,089,458

2,935,856

Gross Profit

1,048,852

1,045,781

Profit after tax

10,933,918

6,93,810

Net Current assets

4,506,274

2,511,559

Net assets

4,827,823

4,821,378

PRINCIPAL RISKS AND UNCERTAINTIES

The directors have established key procedures and reporting structures to meet the particular needs of the company and to manage risks it is exposed to. In particular:

- Key regulatory obligations are closely managed to ensure compliance, thereby ensuring the health, safety and well-being of our residents and staff.

- The company remains vigilant on its debt collecting and cost management processes in order to maintain financial stability.

Employee involvement

Management places considerable value on the involvement of its employees and continues to consult them on matters likely to affect their interests. Training programmes are offered as part of their development and to help them meet high professional standards in the delivery of care to residents in a safe manner.

Disabled employees

The company has continued its policy regarding the employment of disabled persons. Full and fair consideration is given to applications for employment made by disabled persons having regard to their particular aptitude and abilities. Appropriate arrangements are made, wherever possible, for retraining employees who become disabled, to ensure their employment with the company continues.

ON BEHALF OF THE BOARD:

Hasnain Mohammed Taki Merali - Director

1 May 2026

The directors present their report with the financial statements of the company for the year ended 30 June 2025.

DIVIDENDS

Interim dividends paid during the year amounted to £10,927,473.

DIRECTORS

The directors who have held office during the period from 1 July 2024 to the date of this report are as follows:

Mansoor Esmail - resigned 9 January 2025

Mohamed Hassan Roshanali Merali - appointed 9 January 2025

Hasnain Mohammed Taki Merali - appointed 9 January 2025

Karim Velji - resigned 9 January 2025

MATTERS COVERED IN THE STRATEGIC REPORT

As permitted by s414c(11) of the Companies Act 2006, the directors have elected to disclose information, required to be in the directors' report by Schedule 7 of the 'Large and Medium-sized Companies and Groups (Accounts and Reports) Regulation 2008', in the strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are 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 directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director 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 company's auditors are aware of that information.

AUDITORS

In the absence of a notice proposing that the appointment be terminated, the auditors, Merali's, are deemed to be reappointed for the next financial year.

ON BEHALF OF THE BOARD:

Hasnain Mohammed Taki Merali - Director

1 May 2026

Opinion

We have audited the financial statements of Millennium Care Homes Limited (the 'company') for the year ended 30 June 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, 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, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its profit 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the 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 directors' 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 company's ability to continue as a going concern for a period of at least twelve 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 directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, 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 the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' 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 Statement of Directors' Responsibilities set out on page three, the directors are 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 directors determine 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 directors are responsible for assessing the 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 company or to cease operations, or have no realistic alternative but to do so.

Auditors' 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 a Report of the Auditors 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:

We identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- enquiring with management including obtaining and reviewing supporting documentation concerning the company's policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance.

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud.

- the company's internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.

- discussing among the engagement team including tax regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

- obtaining an understanding of the legal and regulatory framework that the company operates in, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the company. The key laws and regulations we considered in this context included the Companies Act 2006 and Tax legislation.

Audit response to risks identified

As a result of performing the above procedures, we identified the following risks: revenue recognition completeness and cut-off, payroll occurrence and management override of controls.

Our procedures to respond to the risks identified included the following:

- In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

- Substantive testing on the completeness and cut-off of revenue.

- Substantive testing on the occurrence of payroll.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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 we are required to state to them in a Report of the Auditors 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.

MPK Merali (Senior Statutory Auditor)

for and on behalf of Merali's

Chartered Accountants & Statutory Auditors

Scottish Provident House

76-80 College Road

Harrow

Middlesex

HA1 1BQ

13 May 2026

TURNOVER

3,089,458

2,935,856

Cost of sales

(2,040,606

)

(1,890,075

)

GROSS PROFIT

1,048,852

1,045,781

Administrative expenses

(474,031

)

(339,598

)

OPERATING PROFIT

4

574,821

706,183

Dividend from subsidiary

7,000,000

-

Profit- disposal of subsidiary

3,488,122

-

Interest receivable and similar income

35,663

235,204

PROFIT BEFORE TAXATION

11,098,606

941,387

Tax on profit

5

(164,688

)

(247,577

)

PROFIT FOR THE FINANCIAL YEAR

10,933,918

693,810

PROFIT FOR THE YEAR

10,933,918

693,810

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

10,933,918

693,810

FIXED ASSETS

Tangible assets

7

323,531

372,899

Investments

8

-

1,938,902

323,531

2,311,801

CURRENT ASSETS

Stocks

9

-

833

Debtors

10

5,665,489

5,277,798

Cash at bank

11

236,833

2,607,199

5,902,322

7,885,830

CREDITORS

Amounts falling due within one year

12

(1,396,048

)

(5,374,271

)

NET CURRENT ASSETS

4,506,274

2,511,559

TOTAL ASSETS LESS CURRENT LIABILITIES

4,829,805

4,823,360

PROVISIONS FOR LIABILITIES

13

(1,982

)

(1,982

)

NET ASSETS

4,827,823

4,821,378

CAPITAL AND RESERVES

Called up share capital

14

20,000

20,000

Capital redemption reserve

15

239,020

239,020

Non - Distributable reserve

15

3,488,122

-

Retained earnings

15

1,080,681

4,562,358

SHAREHOLDERS' FUNDS

4,827,823

4,821,378

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2026 and were signed on its behalf by:

Hasnain Mohammed Taki Merali - Director

Called up

Capital

Non -

share

Retained

redemption

Distributable

Total

capital

earnings

reserve

reserve

equity

£

£

£

£

£

Balance at 1 July 2023

20,000

3,868,548

239,020

-

4,127,568

Changes in equity

Total comprehensive income

-

693,810

-

-

693,810

Balance at 30 June 2024

20,000

4,562,358

239,020

-

4,821,378

Changes in equity

Dividends

-

(10,927,473

)

-

-

(10,927,473

)

Total comprehensive income

-

7,445,796

-

3,488,122

10,933,918

Balance at 30 June 2025

20,000

1,080,681

239,020

3,488,122

4,827,823

1.	STATUTORY INFORMATION

Millennium Care Homes 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the neared £.

The following principal accounting policies have been applied:

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

•

the requirement of paragraph 33.7.

This information is included in the consolidated financial statements of Mayfair Care Group Limited as at 30 June 2025 and these financial statements may be obtained from www.companieshouse.gov.uk.

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Revenue from care services is recognised as the services are provided to residents, based on the daily or weekly fees agreed with local authorities or private funders. Revenue is measured at the fair value of the consideration receivable. Income is recognised in the period of occupancy, with fees relating to periods after the reporting date deferred and unbilled amounts for services already delivered accrued.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following bases:.

Freehold property - 4% straight line

Fixtures and fittings - 30% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Freehold land is not depreciated and its cost is estimated at 25% of the total value of the acquisition price and any first year construction work.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes 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.

The company's policies for its major classes of financial assets and financial liabilities are set out below.

Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances, intercompany working capital balances, and intercompany financing are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors, and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Impairment of financial assets

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets and financial liabilities

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business

combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for its employees. Contributions are charged to profit or loss in the period in which they become payable.

Unpaid contributions at the reporting date are recognised as accruals within creditors. Once contributions have been paid to the scheme, the company has no further payment obligations.

The scheme’s assets are held separately from the company in independently administered funds.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,628,334

1,494,280

Social security costs

170,377

129,062

Other pension costs

31,609

27,292

1,830,320

1,650,634

The average number of employees during the year was as follows:

2025

2024

Administration staff

5

4

Care staff

60

63

65

67

2025

2024

£

£

Directors' remuneration

-

-

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

49,368

50,003

Auditors' remuneration

11,000

12,000

Auditors' remuneration for non audit work

-

9,991

5.

TAXATION

Analysis of the tax charge

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

2025

2024

£

£

Current tax:

UK corporation tax

164,741

247,577

Adj to CT - PY

(53

)

-

Tax on profit

164,688

247,577

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

11,098,606

941,387

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

2,774,652

235,347

Effects of:

Income not taxable for tax purposes

(2,622,031

)

-

Depreciation in excess of capital allowances

12,120

12,230

Adjustments to tax charge in respect of previous periods

(53

)

-

Total tax charge

164,688

247,577

6.

DIVIDENDS

2025

2024

£

£

Ordinary Share shares of 1 each

Interim

10,927,473

-

7.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 July 2024

and 30 June 2025

1,197,070

584,226

1,781,296

DEPRECIATION

At 1 July 2024

829,121

579,276

1,408,397

Charge for year

47,883

1,485

49,368

At 30 June 2025

877,004

580,761

1,457,765

NET BOOK VALUE

At 30 June 2025

320,066

3,465

323,531

At 30 June 2024

367,949

4,950

372,899

The company's freehold property is subject to a fixed charge in favour of National Westminster Bank PLC. The bank also holds a floating charge over all the property and undertaking of the company. The charge was created on 9 January 2025.

8.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2024

1,938,902

Disposals

(1,938,902

)

At 30 June 2025

-

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

1,938,902

On 9 January 2025, 100% of the shareholding in Lansglade Homes Limited was disposed/transferred to another group undertaking Lansglade Care Holdings Limited.

9.

STOCKS

2025

2024

£

£

Stocks

-

833

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

101,204

79,930

Staff Loan

-

150

Amounts owed by group undertakings

5,548,937

5,183,403

Prepayments

15,348

14,315

5,665,489

5,277,798

Amounts owed by group undertakings are interest free, have no fixed repayment date and are repayable on demand.

11.	CASH AT BANK

2025

2024

£

£

Cash at bank and in hand

236,833

2,607,199

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

58,656

33,333

Amounts owed to group undertakings

975,757

4,939,714

Tax

164,741

247,630

Social security and other taxes

41,572

31,372

Directors Loan A/C

-

6,700

Pension Fund

5,452

-

Accruals and deferred income

149,870

115,522

1,396,048

5,374,271

Amounts owed to group undertakings are interest free, have no fixed repayment date and are repayable on demand.

13.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

1,982

1,982

Deferred tax

£

Balance at 1 July 2024

1,982

Balance at 30 June 2025

1,982

14.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

20,000

Ordinary Share

1

20,000

20,000