Drew Care Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 12

Drew Care Limited

Balance Sheet

30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	283,070	248,250
Current assets
Stocks	5	3,316	3,316
Debtors (including £2,693,260 due after more than one year (2024 - £2,320,992))	6	3,205,506	2,704,253
Cash at bank and in hand		74,223	228,981
		3,283,045	2,936,550
Creditors: Amounts falling due within one year	7	(511,452)	(342,539)
Net current assets		2,771,593	2,594,011
Total assets less current liabilities		3,054,663	2,842,261
Creditors: Amounts falling due after more than one year	7	-	(124,934)
Provisions for liabilities		(45,834)	(38,027)
Net assets		3,008,829	2,679,300
Capital and reserves
Called up share capital		100	100
Profit and loss account		3,008,729	2,679,200
Shareholder's funds		3,008,829	2,679,300

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: 04003861

Drew Care 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
United Kingdom

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.

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.

Going concern

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

Drew Care 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 notes 6 and 7.

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 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.

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.

Drew Care Limited

Notes to the Financial Statements

Year Ended 30 September 2025

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.

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 and equipment	20-100% Straight line
Assets under construction	Not depreciated

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.

Drew Care Limited

Notes to the Financial Statements

Year Ended 30 September 2025

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.

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.

Drew Care 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;
• Loan 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 57 (2024 - 62).

Drew Care Limited

Notes to the Financial Statements

Year Ended 30 September 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Assets under construction  £	Total £
Cost or valuation
At 1 October 2024	145,399	229,100	-	374,499
Additions	37,105	61,546	629	99,280
Disposals	-	(61,040)	-	(61,040)
At 30 September 2025	182,504	229,606	629	412,739
Depreciation
At 1 October 2024	5,537	120,712	-	126,249
Charge for the year	3,650	60,810	-	64,460
Eliminated on disposal	-	(61,040)	-	(61,040)
At 30 September 2025	9,187	120,482	-	129,669
Carrying amount
At 30 September 2025	173,317	109,124	629	283,070
At 30 September 2024	139,862	108,388	-	248,250

Included within the net book value of land and buildings above is £173,317 (2024 - £139,862) in respect of long leasehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	3,316	3,316

Drew Care Limited

Notes to the Financial Statements

Year Ended 30 September 2025

6

Debtors

	2025  £	2024  £
Trade debtors	112,522	19,988
Amounts owed by group undertakings	2,693,260	2,320,969
Other debtors	308,811	263,925
Prepayments	7,587	13,115
Accrued income	83,326	86,256
	3,205,506	2,704,253
Less non-current portion	(2,693,260)	(2,320,992)
Total current trade and other debtors	512,246	383,261

Details of non-current trade and other debtors

£2,693,260 (2024 - £2,320,969) of amounts owed by group undertakings is classified as non current.

£Nil (2024 - £23) of amounts owed by connected companies, included in other debtors, is classified as non current.

7

Creditors

	2025 £	2024 £
Due within one year
Trade creditors	28,654	30,743
Taxation and social security	62,246	45,806
Other creditors	148,796	76,689
Accruals and deferred income	271,756	189,301
	511,452	342,539