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Hestia Healthcare Properties Limited
Annual Report and Financial Statements
Year Ended 30 September 2025

Registration number: 07716067

Hestia Healthcare Properties Limited

Contents

Balance Sheet | 1
Notes to the Financial Statements | 2 to 11

Hestia Healthcare Properties Limited

Balance Sheet

30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 1,202 | 4,893
Tangible assets | 5 | 212,132 | 177,568
|  | 213,334 | 182,461
Current assets |  |  |
Stocks | 6 | 4,722 | 4,722
Debtors (including £4,441,533 due after more than one year (2024 - £3,510,650)) | 7 | 4,625,701 | 3,700,321
Cash at bank and in hand |  | 387,915 | 215,047
|  | 5,018,338 | 3,920,090
Creditors: Amounts falling due within one year | 8 | (959,814) | (730,286)
Net current assets |  | 4,058,524 | 3,189,804
Total assets less current liabilities |  | 4,271,858 | 3,372,265
Creditors: Amounts falling due after more than one year | 8 | (35,010) | (97,251)
Provisions for liabilities |  | (49,825) | (58,566)
Net assets |  | 4,187,023 | 3,216,448
Capital and reserves |  |  |
Called up share capital | 9 | 2 | 2
Profit and loss account |  | 4,187,021 | 3,216,446
Shareholders' funds |  | 4,187,023 | 3,216,448

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 23 May 2026 and signed on its behalf by:

......................................... Mr V Thayanandarajah Director | ......................................... Mr I S Jarvis Director |

Company Registration Number: 07716067

Hestia Healthcare Properties Limited

Notes to the Financial Statements

Year Ended 30 September 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Kingsley House
Clapham Road South
Lowestoft
Suffolk
NR32 1QS

The business address is the same as the registered office address, although the entity operates a care home in Cheshire, England.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including Section 1A and the Companies Act 2006. There are no material departures from FRS102.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Further information about the trading situation of the company can be found in the group accounts.

Going concern

At the year end, the company had net current liabilities of £383,009 (2024 - £320,846) (excluding amounts owed from group undertakings due over one year).
The directors believe, with the support of the parent company and the directors, the company has sufficient working capital to continue to trade for the foreseeable future. Therefore the directors continue to adopt a going concern basis in preparing the financial statements.

Hestia Healthcare Properties Limited

Notes to the Financial Statements

Year Ended 30 September 2025

Key accounting judgements and sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The key estimates that have a significant effect on the amounts recognised in the financial statements are described below:
Group recharges
Cost re-allocations are required in order to fairly reflect the cost of management services borne by group companies and entities under common control. These are based on judgemental estimates of the proportion of management time spent in areas of the business which are different from where the payroll cost is originally processed, and where joint contracts of employment are in place.
Intercompany loan interest
The business trades as part of a group. In addition to recharges of central costs and other trading settlements, management charges are raised to reflect the cost of funding arranged at a group level. Significant balances with group and other connected parties arise, these balances are due after more than one year. The lending company charges interest on these loans using a market rate for an equivalent third party loan. Management are required to make estimates as to the outflow of economic benefits which will be required to settle an obligation in making provisions.
The carrying value of amounts owed to/from group companies and entities under common control can be found in note 7 and 8.
Management are required to make estimates as to the outflow of economic benefits which will be required to settle an obligation in making provisions.

Revenue recognition

The turnover shown in the profit and loss account represents the amount of goods and services provided during the year.
Income relates to monies received for the provision of care home services and is recognised on a straight line basis over the period of residence.Income relates to monies received for the provision of care home services and is recognised on a straight line basis over the period of residence.

Government grants

COVID-19 related grants do not have any imposed specified future performance-related conditions on the company, and therefore are recognised when the grant proceeds are received or receivable. The grant agreements do include specific criteria on what these funds can be spent on and therefore spending is monitored closely by management.

Hestia Healthcare Properties Limited

Notes to the Financial Statements

Year Ended 30 September 2025

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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 assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | 2% straight line
Furniture, fittings and equipment | 20-100% straight line

Intangible assets

Intangible assets are stated in the balance sheet at cost, less subsequent accumulated amortisation. Costs include software development expenditure.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Software | 20% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Hestia Healthcare Properties Limited

Notes to the Financial Statements

Year Ended 30 September 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Hestia Healthcare Properties Limited

Notes to the Financial Statements

Year Ended 30 September 2025

Financial instruments

Classification
The company holds the following financial instruments:
• Short term trade and other debtors and creditors;
• Loans with group companies and entities under common control; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when a company becomes party to the contractual provisions of the instrument and de-recognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Loans to group companies and entities under common control are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 85 (2024 - 86).

Hestia Healthcare Properties Limited

Notes to the Financial Statements

Year Ended 30 September 2025

4 | Intangible assets

| Software £ | Total £
Cost or valuation
At 1 October 2024 | 6,116 | 6,116
Additions acquired separately | 1,503 | 1,503
Disposals | (6,116) | (6,116)
At 30 September 2025 | 1,503 | 1,503
Amortisation
At 1 October 2024 | 1,223 | 1,223
Amortisation charge | 301 | 301
Amortisation eliminated on disposals | (1,223) | (1,223)
At 30 September 2025 | 301 | 301
Carrying amount
At 30 September 2025 | 1,202 | 1,202
At 30 September 2024 | 4,893 | 4,893

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 October 2024 | 59,463 | 243,983 | 303,446
Additions | - | 122,287 | 122,287
Disposals | (3,892) | (34,500) | (38,392)
At 30 September 2025 | 55,571 | 331,770 | 387,341
Depreciation
At 1 October 2024 | 5,813 | 120,065 | 125,878
Charge for the year | 1,111 | 82,720 | 83,831
Eliminated on disposal | - | (34,500) | (34,500)
At 30 September 2025 | 6,924 | 168,285 | 175,209
Carrying amount
At 30 September 2025 | 48,647 | 163,485 | 212,132
At 30 September 2024 | 53,650 | 123,918 | 177,568

Hestia Healthcare Properties Limited

Notes to the Financial Statements

Year Ended 30 September 2025

Included within the net book value of land and buildings above is £48,647 (2024 - £53,650) in respect of leasehold land and buildings.

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 4,722 | 4,722

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 69,155 | 50,644
Amounts due from group undertakings | 4,441,533 | 174,167
Other debtors | 8,459 | 3,383,698
Prepayments | 21,167 | 10,732
Accrued income | 85,387 | 81,080
| 4,625,701 | 3,700,321
Less non-current portion | (4,441,533) | (3,510,650)
Total current trade and other debtors | 184,168 | 189,671

Details of non-current trade and other debtors

£4,441,533 (2024 - £174,167) of amounts owed by group undertakings is classified as non current.

£Nil (2024 - £3,336,483) of amounts owed by connected companies, included in other debtors, is classified as non current.

8 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 32,495 | 33,375
Social security and other taxes | 59,020 | 45,607
Outstanding defined contribution pension costs | 9,875 | 8,721
Other creditors | 165,560 | 111,599
Accrued expenses | 417,311 | 348,488
Corporation tax | 275,553 | 182,496
| 959,814 | 730,286
Due after one year |  |
Amounts owed to entities under common control | 35,010 | 97,251

Hestia Healthcare Properties Limited

Notes to the Financial Statements

Year Ended 30 September 2025

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share capital of £1 each | 2 | 2 | 2 | 2

10 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 1,860 | -
Later than one year and not later than five years | 2,945 | -
| 4,805 | -

The amount of non-cancellable operating lease payments recognised as an expense during the year was £3,494 (2024 - £Nil).

11 | Financial commitments, guarantees and contingencies

The company is party to a cross guarantee with related parties in favour of Santander.
The bank borrowing of the companies are secured over the freehold properties owned by each company respectively and at the balance sheet date amounted to:
Other related parties £32,550,000 (2024 - £28,800,000)
Included within the tangible fixed assets NBV of £212,132 is £48,775 (2024 - £9,193) relating to assets held under hire purchase agreements payable by entities under common control. The depreciation charged to the financial statements in the year in respect of such assets amounted to £14,282 (2024 - £5,467).

Hestia Healthcare Properties Limited

Notes to the Financial Statements

Year Ended 30 September 2025

12 | Related party transactions

The company has taken advantage of the exemption provided by FRS 102 to not disclose transactions entered in to between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

Summary of transactions with entities under common control

During the year the company entered into various transactions with entities under common control. Transactions entered into, and trading balances outstanding at the year end, are as shown below. Outstanding balances with entities are unsecured, interest bearing and cash settled.

Expenditure with and payables to related parties

2024 | Entities under common control £
Purchase of goods | 24,260
Amounts payable to related party | -

Loans to related parties

2025 | Entities under common control £
At start of period | 3,336,483
Advanced | 5,979,542
Repaid | (9,316,025)
At end of period | -

2024 | Entities under common control £
At start of period | 2,543,576
Advanced | 2,361,581
Repaid | (1,568,674)
At end of period | 3,336,483

Terms of loans to related parties

The loans have a 366 day notice period for repayment. Interest is charged on these balances and the amounts are presented in other creditors falling due after more than one year and other debtors receivable after more than one year.

Hestia Healthcare Properties Limited

Notes to the Financial Statements

Year Ended 30 September 2025

Loans from related parties

2025 | Entities under common control £
At start of period | 97,251
Advanced | 2,234,723
Repaid | (2,296,964)
At end of period | 35,010

2024 | Entities under common control £
At start of period | 97,251
Advanced | 718,676
Repaid | (718,676)
At end of period | 97,251

Terms of loans from related parties

The loans have a 366 day notice period for repayment. Interest is charged on these balances and the amounts are presented in other creditors falling due after more than one year and other debtors receivable after more than one year.

13 | Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report was James Barrett, who signed for and on behalf of PKF Francis Clark on 2 June 2026.

14 | Parent and ultimate parent undertaking

The company's immediate parent is Timperley Holdings Limited, incorporated in England and Wales.
The ultimate controlling party is Thayan Family Office Limited.

Relationship between entity and parents

The parent of the smallest group in which these financial statements are consolidated is Timperley Holdings Limited, incorporated in England and Wales.

The address of Timperley Holdings Limited is:
Kingsley House
Clapham Road
Lowestoft
Suffolk
NR32 1QS