Kingsley Healthcare (Holt) Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 12

Kingsley Healthcare (Holt) Limited

Balance Sheet

30 September 2025

	Note	2025 £	Unaudited 2024 £
Fixed assets
Intangible assets	4	4,673	6,046
Tangible assets	5	13,589,564	13,702,657
		13,594,237	13,708,703
Current assets
Stocks	6	6,683	5,712
Debtors (including £Nil due after more than one year (2024 - £15,207))	7	310,886	229,291
Cash at bank and in hand		23,315	5,253
		340,884	240,256
Creditors: Amounts falling due within one year	8	(543,706)	(218,783)
Net current (liabilities)/assets		(202,822)	21,473
Total assets less current liabilities		13,391,415	13,730,176
Creditors: Amounts falling due after more than one year	8	(16,848,006)	(15,381,371)
Net liabilities		(3,456,591)	(1,651,195)
Capital and reserves
Called up share capital	10	1	1
Profit and loss account		(3,456,592)	(1,651,196)
Shareholder's deficit		(3,456,591)	(1,651,195)

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

Company Registration Number: 13425636

Kingsley Healthcare (Holt) 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
NR32 1QS
United Kingdom

The business address is the same as the registered office address, although the entity operates a
care home in Norfolk, 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 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 £3,456,591 (2024: £1,651,195) and incurred a net loss for the year of £1,805,396 (2024: £1,651,196).

The directors believe, with the support of the group 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 Healthcare (Holt) 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 judgements that have a significant impact on the financial statements are described below:

Leasehold land and buildings
There is an element of judgment involved in the accounting treatment of the leasehold land and buildings. Management determined that the lease meets the definition of a finance lease under FRS 102 and should therefore be recognised in the financial statements as both an asset and a corresponding finance lease liability. In assessing the fair value of the leasehold property, and consequently the lease liability, management concluded that the present value of the minimum lease payments exceeded the fair value of the leasehold property. As a result, the fair value of the leasehold property was used as the basis for recognition in the accounts. Carrying value of leasehold land and buildings at year end is £13,504,200 (2024 - £13,637,043).

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. The carrying value of amounts owed to/from group companies and entities under common control can be found in note 7 and 8.

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 7 and 8.

Finance lease liability
The finance liability in note 9 of £13,725,172 (2024 - £13,367,241) is calculated based on discounting future minimum lease payments over the term of lease using the company's obtainable borrowing rate. A finance charge is then accounted for to unwind this discount each year.

Management are required to make estimates as to the outflow of economic benefits which will be required to settle an obligation in making provisions.

Kingsley Healthcare (Holt) Limited

Notes to the Financial Statements

Year Ended 30 September 2025

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.

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
Leasehold land	Not depreciated
Leasehold property	Over the life of the lease
Freehold property	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

Kingsley Healthcare (Holt) Limited

Notes to the Financial Statements

Year Ended 30 September 2025

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.

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.

Kingsley Healthcare (Holt) 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 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 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 37 (2024 - 16).

Kingsley Healthcare (Holt) Limited

Notes to the Financial Statements

Year Ended 30 September 2025

4	Intangible assets

	Software  £
Cost or valuation
At 1 October 2024	7,558
Additions	173
At 30 September 2025	7,731
Amortisation
At 1 October 2024	1,512
Amortisation charge	1,546
At 30 September 2025	3,058
Carrying amount
At 30 September 2025	4,673
At 30 September 2024	6,046

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 October 2024	13,908,651	76,901	13,985,552
Additions	318,944	41,330	360,274
Disposals	-	(8,752)	(8,752)
At 30 September 2025	14,227,595	109,479	14,337,074
Depreciation
At 1 October 2024	267,515	15,380	282,895
Charge for the year	445,596	27,771	473,367
Eliminated on disposal	-	(8,752)	(8,752)
At 30 September 2025	713,111	34,399	747,510
Carrying amount
At 30 September 2025	13,514,484	75,080	13,589,564
At 30 September 2024	13,641,136	61,521	13,702,657

Kingsley Healthcare (Holt) Limited

Notes to the Financial Statements

Year Ended 30 September 2025

Included within the net book value of land and buildings above is £7,989 (2024 - £1,798) in respect of freehold land and buildings, £13,504,200 (2024 - £13,637,043) in respect of long leasehold land and buildings and £2,295 (2024 - £2,295) in respect of short leasehold land and buildings.
 

6

Stocks

	2025 £	Unaudited 2024 £
Other inventories	6,683	5,712

7

Debtors

	2025 £	Unaudited 2024 £
Trade debtors	30,317	14,117
Amounts owed by group undertakings	-	15,207
Prepayments	26,246	17,985
Other debtors	209,988	181,982
Accrued income	44,335	-
	310,886	229,291
Less non-current portion	-	(15,207)
	310,886	214,084

Details of non-current trade and other debtors

£Nil (2024 - £15,207) of amounts owed to group undertakings is classified as non current.

Kingsley Healthcare (Holt) Limited

Notes to the Financial Statements

Year Ended 30 September 2025

8

Creditors

	Note	2025 £	Unaudited 2024 £
Due within one year
Loans and borrowings	9	36,945	-
Trade creditors		29,518	44,101
Taxation and social security		38,613	37,969
Accruals and deferred income		334,691	81,387
Other creditors		103,939	55,326
		543,706	218,783