Kingsley Home Care Services Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 11

Kingsley Home Care Services Limited

Balance Sheet

30 September 2025

	Note	2025 £	Unaudited 2024 £
Fixed assets
Intangible assets	4	905	-
Tangible assets	5	286,786	247,833
		287,691	247,833
Current assets
Debtors (including £21,381 amounts due over one year (2024 - £20,362))	6	920,695	782,421
Cash at bank and in hand		7,461	4,960
		928,156	787,381
Creditors: Amounts falling due within one year	7	(874,727)	(676,767)
Net current assets		53,429	110,614
Total assets less current liabilities		341,120	358,447
Creditors: Amounts falling due after more than one year	7	(1,788,943)	(1,569,925)
Net liabilities		(1,447,823)	(1,211,478)
Capital and reserves
Called up share capital	9	100	100
Profit and loss account		(1,447,923)	(1,211,578)
Shareholders' deficit		(1,447,823)	(1,211,478)

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 Company secretary and director

Company Registration Number: 11731636

Kingsley Home 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.

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

These financial statements were authorised for issue by the Board on 23 May 2026.

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 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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

At the year end date, the company had net liabilities of £1,447,823 (2024: £1,211,478) and made a loss after tax of £236,345 (2024: £550,925)

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. The financial statements do not include any adjustments that would result from any change in the company's circumstances such that the going concern basis would no longer be appropriate.

Kingsley Home Care Services Limited

Notes to the Financial Statements

Year Ended 30 September 2025

Key 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 6 and 7.

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 home care services and is recognised on a straight line basis over the period of service.

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.

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.

Kingsley Home Care Services Limited

Notes to the Financial Statements

Year Ended 30 September 2025

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
Motor vehicles	20% 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

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.

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.

Kingsley Home Care Services 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;
• Bank loans; 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 the 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 bank loans and 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.

Bank loans and 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 104 (2024 - 80).

Kingsley Home 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	1,131	1,131
At 30 September 2025	1,131	1,131
Amortisation
At 1 October 2024	-	-
Amortisation charge	226	226
At 30 September 2025	226	226
Carrying amount
At 30 September 2025	905	905
At 30 September 2024	-	-

Kingsley Home Care Services Limited

Notes to the Financial Statements

Year Ended 30 September 2025

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 October 2024	190,858	95,699	954	287,511
Additions	24,207	62,895	234	87,336
Disposals	-	(26,230)	-	(26,230)
At 30 September 2025	215,065	132,364	1,188	348,617
Depreciation
At 1 October 2024	5,141	34,155	382	39,678
Charge for the year	4,733	43,412	238	48,383
Eliminated on disposal	-	(26,230)	-	(26,230)
At 30 September 2025	9,874	51,337	620	61,831
Carrying amount
At 30 September 2025	205,191	81,027	568	286,786
At 30 September 2024	185,717	61,544	572	247,833

Included within the net book value of land and buildings above is £205,191 (2024 - £185,717) in respect of short leasehold land and buildings.
 

6

Debtors

	2025 £	Unaudited 2024 £
Trade debtors	317,988	395,776
Prepayments	38,366	25,801
Other debtors	516,780	360,844
Accrued income	47,561	-
	920,695	782,421
Less non-current portion	(21,381)	(20,362)
	899,314	762,059

Details of non-current trade and other debtors

£21,381 (2024 - £20,362) of amounts owed from connected companies, included in other debtors, is classified as non current.

Kingsley Home Care Services Limited

Notes to the Financial Statements

Year Ended 30 September 2025

7

Creditors

	Note	2025 £	Unaudited 2024 £
Due within one year
Loans and borrowings	8	645,000	602,500
Trade creditors		25,953	(11,759)
Taxation and social security		51,210	44,218
Accruals and deferred income		144,960	55,848
Other creditors		7,604	(14,040)
		874,727	676,767