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Registered number:
FOR THE YEAR ENDED 31 MARCH 2025
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SELECT HEALTH CARE GENERAL LIMITED
COMPANY INFORMATION
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SELECT HEALTH CARE GENERAL LIMITED
CONTENTS
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SELECT HEALTH CARE GENERAL LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The directors present the strategic report for the year ended 31 March 2025.
During the year, the Company continued to focus on its core role of managing and overseeing its UK based subsidiaries.
The performance of the Company is principally driven by the financial performance of its subsidiary undertakings. While the underlying trading activities are conducted at subsidiary level, the Directors monitor performance through regular review of financial results, cash flows, and operational indicators reported by those entities. The Company has not traded during the year or the preceding financial year. During these periods, the Company received no income and incurred no expenditure and therefore made neither profit or loss. Net assets in the Company are £21,032 (2024: 21,032) and primarily reflect its investment in the subsidiaries. The Directors consider the overall performance of the Company and its subsidiaries during the year to be in line with expectations.
The Company’s principal risks arise from its investment in subsidiary undertakings and the broader elderly care sector.
Key risks include:
∙Dependence on Subsidiary Performance
The Company’s ability to generate returns is reliant on the financial and operational performance of its subsidiaries.
∙Regulatory Environment
Changes in regulation affecting the elderly care sector may impact subsidiary operations.
∙Liquidity Risk
The Company relies on cash flows from subsidiaries to meet its own obligations.
∙Sector Pressures
Including cost inflation, workforce availability, and funding constraints within the elderly care market.
The Directors manage these risks through regular monitoring of subsidiary performance and retaining appropriate financial flexibility.
The Company does not utilise operational KPIs such as occupancy or staffing metrics, as these are managed within subsidiary entities.
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SELECT HEALTH CARE GENERAL LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The directors of Select Health Care General Limited (the "Company") are aware of their duty under section 172 of the Companies Act 2006 to act in a way that they consider, in good faith, would most likely promote the success of the Company for the benefit of its members as a whole. In carrying out this duty, the directors have had regard to the matters set out in section 172(1)(a) to (f), including the likely long-term consequences of their decisions, the interests of employees, relationships with stakeholders, and the impact of the Company's activities on the environment and community.
The Company is a holding company and forms part of a wider group of companies. As such, the company's success is closely tied to the performance and governance of those entities. The directors also consider the views of the Company's ultimate shareholders when assessing strategic initiatives and capital structure, and they take into account the interests of the group's employees and other stakeholders to the extent relevant to the Company's investment role. Given the Company's nature and structure, direct engagement with external stakeholders is limited, but the directors remain mindful of the reputational, regulatory, and environmental impact of group decisions and ensure that these factors are considered as part of their group-level discussions. The directors are satisfied that they have acted in a matter consistent with their duties under section 172 and that their decisions during the year have supported the Company's purpose as a holding company and its contribution to the overall success of the group.
This report was approved by the board and signed on its behalf.
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SELECT HEALTH CARE GENERAL LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The directors present their report and the financial statements for the year ended 31 March 2025.
The profit for the year, after taxation, amounted to £NIL (2024 - £NIL).
No ordinary dividends were paid. The directors do not recommend payment of a final dividend.
The directors who served during the year were:
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On 25 September 2025, subsequent to the reporting date, the entire issued share capital of the Company was acquired by Deer Capital Select Elderly Care Limited. The Company is now part of a growing portfolio with additional home openings in the pipeline.
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SELECT HEALTH CARE GENERAL LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The auditors, James Cowper Kreston Audit, replaced Plant & Co Limited as auditor of the company after the year ended 31 March 2025.
The auditors, James Cowper Kreston Audit, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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SELECT HEALTH CARE GENERAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SELECT HEALTH CARE GENERAL LIMITED
We have audited the financial statements of Select Health Care General Limited (the 'Company') for the year ended 31 March 2025, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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SELECT HEALTH CARE GENERAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SELECT HEALTH CARE GENERAL LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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SELECT HEALTH CARE GENERAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SELECT HEALTH CARE GENERAL LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involvesintentional concealment, forgery, collusion, omission or misrepresentation. The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows:
∙Enquiry of management and those charged with governance around actual and potential litigation and claims;
∙Enquiry of management and those charged with governance to identify any material instances of noncompliance with laws and regulations;
∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
∙Performing audit work to address the risk of irregularities due to management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for evidence of bias.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants and Statutory Auditor
2 Communications Road
Greenham Business Park
Newbury
RG19 6AB
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SELECT HEALTH CARE GENERAL LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
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SELECT HEALTH CARE GENERAL LIMITED
REGISTERED NUMBER: 11760095
BALANCE SHEET
AS AT 31 MARCH 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 11 to 16 form part of these financial statements.
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SELECT HEALTH CARE GENERAL LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
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SELECT HEALTH CARE GENERAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Select Health Care General Limited is a private company limited by shares incorporated in England and Wales. The registered office and principal place of business is 2nd Floor, Clifton House, Bunnian Place, Basingstoke, Hampshire, RG21 7JE.
The Company's principal activity during the year under review was that of acting as a holding company to its UK based subsidiaries.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A.
This information is included in the consolidated financial statements of Select Health Care Limited as at 31 March 2025 and these financial statements may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.
The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.
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SELECT HEALTH CARE GENERAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Impairment of financial assets
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SELECT HEALTH CARE GENERAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
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SELECT HEALTH CARE GENERAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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SELECT HEALTH CARE GENERAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Subsidiary undertakings (continued)
Share premium account
Profit and loss account
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SELECT HEALTH CARE GENERAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
During the year, the directors identified that certain investments in subsidiary undertakings had not been recorded in the Company's books.
The above represents the correction of prior period errors under FRS 102. The errors have been restated by correcting the comparative amounts for the prior period and adjusting opening retained earnings at 1 April 2024. The impact of the restatement is as follows: - Increase in investments at 31 March 2024 of £9,797 - Increase in amounts owed to group undertakings at 31 March 2024 of £9,797 There is no impact on profit or retained earnings as a result of this adjustment.
The ultimate parent company and the smallest and largest group in which the Company's results are consolidated is
Following the acquisition detailed in note 10, the ultimate parent company and controlling party is now Deer Capital ESG Investments Europe Limited.
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