Redwalls Care Services Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 11

Redwalls Care Services Limited

Balance Sheet

30 September 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	317	-
Tangible assets	5	210,752	210,978
		211,069	210,978
Current assets
Stocks	6	2,691	2,691
Debtors (including £1,723,912 due after more than one year (2024 - £1,374,296))	7	1,858,535	1,576,793
Cash at bank and in hand		111,903	238,910
		1,973,129	1,818,394
Creditors: Amounts falling due within one year	8	(419,257)	(384,998)
Net current assets		1,553,872	1,433,396
Total assets less current liabilities		1,764,941	1,644,374
Creditors: Amounts falling due after more than one year	8	-	(106,694)
Provisions for liabilities		(33,657)	(35,243)
Net assets		1,731,284	1,502,437
Capital and reserves
Called up share capital	9	500	500
Profit and loss account		1,730,784	1,501,937
Shareholders' funds		1,731,284	1,502,437

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: 00755609

Redwalls Care Services 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, United Kingdom.

The address of its registered office is:
Kingsley House
Clapham Road
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 have been 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

The financial statements have been prepared on a going concern basis.

Redwalls Care Services 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.

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

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities.

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.

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.

Redwalls Care Services Limited

Notes to the Financial Statements

Year Ended 30 September 2025

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, except freehold land and buildings 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.

Freehold land and buildings are stated in the balance sheet at valuation. An amount equal to the excess of the annual depreciation charge on revalued assets over the notional historical cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve.

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
Leasehold buildings	2% Straight line
Furniture, fittings & 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.

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.

Redwalls Care Services Limited

Notes to the Financial Statements

Year Ended 30 September 2025

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.

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 derecognised 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.

Except for loans with group companies and entities under common control, 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 with 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 64 (2024 - 62).

Redwalls Care Services Limited

Notes to the Financial Statements

Year Ended 30 September 2025

4	Intangible assets

	Software  £	Total £
Cost or valuation
At 1 October 2024	-	-
Additions acquired separately	396	396
At 30 September 2025	396	396
Amortisation
At 1 October 2024	-	-
Amortisation charge	79	79
At 30 September 2025	79	79
Carrying amount
At 30 September 2025	317	317
At 30 September 2024	-	-

5	Tangible assets

	Leasehold buildings £	Furniture, fittings and equipment  £	Assets under construction  £	Total £
Cost or valuation
At 1 October 2024	154,372	194,845	-	349,217
Additions	980	65,737	1,107	67,824
Disposals	-	(50,918)	-	(50,918)
At 30 September 2025	155,352	209,664	1,107	366,123
Depreciation
At 1 October 2024	33,817	104,422	-	138,239
Charge for the year	3,107	64,943	-	68,050
Eliminated on disposal	-	(50,918)	-	(50,918)
At 30 September 2025	36,924	118,447	-	155,371
Carrying amount
At 30 September 2025	118,428	91,217	1,107	210,752
At 30 September 2024	120,555	90,423	-	210,978

Included within the net book value of land and buildings above is £118,428 (2024 - £120,555) in respect of leasehold land and buildings.
 

Redwalls Care Services Limited

Notes to the Financial Statements

Year Ended 30 September 2025

6

Stocks

	2025 £	2024 £
Other inventories	2,691	2,691

7

Debtors

	2025  £	2024  £
Trade debtors	12,843	49,977
Amounts owed by group undertakings	1,723,912	1,177,668
Other debtors	30,162	268,139
Prepayments	12,841	11,490
Accrued income	78,777	69,519
	1,858,535	1,576,793
Less non-current portion	(1,723,912)	(1,374,296)
Total current trade and other debtors	134,623	202,497

Details of non-current trade and other debtors

£1,723,912 (2024 - £1,177,668) of amounts owed by group undertakings is classified as non current.

£Nil (2024 - £196,628) of amounts owed by companies under common control, included in other debtors, is classified as non current.

Redwalls Care Services Limited

Notes to the Financial Statements

Year Ended 30 September 2025

8

Creditors

	2025  £	2024  £
Due within one year
Trade creditors	26,082	24,396
Social security and other taxes	37,440	32,260
Outstanding defined contribution pension costs	6,799	6,884
Other creditors	70,665	66,882
Accrued expenses	271,679	254,576
Corporation tax	6,592	-
	419,257	384,998
Due after one year
Amounts owed to group companies	-	106,050
Amounts owed to connected companies	-	644
	-	106,694

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	500	500	500	500

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	630	90
Later than one year and not later than five years	-	53
	630	143

The amount of non-cancellable operating lease payments recognised as an expense during the year was £3,195 (2024 - £1,386).

Redwalls Care Services Limited

Notes to the Financial Statements

Year Ended 30 September 2025

11	Financial commitments, guarantees and contingencies

The company is party to a cross guarantee with related parties in favour of Coutts & Co. The bank borrowings are secured by a charge over the freehold properties owned by the related parties.

The bank borrowing of the companies at the balance sheet date amounted to:

Parent company and fellow subsidiaries £40,091,461 (2024 - £43,828,853)
Other related parties £9,489,493 (2024 - £4,534,543)

Included within the tangible fixed assets NBV of £210,752 is £22,111 (2024 - £23,011) relating to assets held under hire purchase agreements payable by Kingsley Care Homes Limited, a company under common control. The depreciation charged to the financial statements in the year in respect of such assets amounted to £900 (2024 - £1,987). Also included within the tangible fixed assets NBV is £10,481 (2024 - £Nil) relating to assets held under hire purchase agreements payable by KCH (UK) Holdings Limited, a company under common control. The depreciation charged to the financial statements in the year in respect of such assets amounted to £2,620 (2024 - £Nil).

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

2025	Other related parties £
Charitable donations	7,350

Redwalls Care Services Limited

Notes to the Financial Statements

Year Ended 30 September 2025

Loans to related parties

2025	Entities under common control £
At start of period	196,628
Advanced	299,418
Repaid	(496,046)
At end of period	-

2024	Entities under common control £
At start of period	2,257
Advanced	225,727
Repaid	(31,356)
At end of period	196,628

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.

Loans from related parties

2025	Entities under common control £
At start of period	644
Advanced	2,794
Repaid	(3,438)
At end of period	-

2024	Entities under common control £
At start of period	1,281
Advanced	412
Repaid	(1,049)
At end of period	644

Redwalls Care Services Limited

Notes to the Financial Statements

Year Ended 30 September 2025

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 FCA, 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 Kingsley Healthcare (DS) 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 KCH (UK) Holdings Limited, incorporated in England and Wales.

The address of KCH (UK) Holdings Limited is:
Kingsley House
Clapham Road South
Lowestoft
Suffolk
NR32 1QS