Company registration number 09108422 (England and Wales)
VIDA GRANGE LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
VIDA GRANGE LTD
COMPANY INFORMATION
Directors
B Mossman
C A Rycroft
J A Rycroft
J Young
M A Rycroft
Company number
09108422
Registered office
Vida Court
Beckwith Head Road
Harrogate
England
HG3 1RB
Auditor
Sumer Auditco Limited
Unit 2
Gosforth Park Avenue
Newcastle Upon Tyne
NE12 8EG
VIDA GRANGE LTD
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3 - 4
Independent auditor's report
5 - 7
Profit and loss account
8
Statement of comprehensive income
9
Balance sheet
10
Statement of changes in equity
11
Notes to the financial statements
12 - 22
VIDA GRANGE LTD
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

The directors present the strategic report for the year ended 31 December 2025.

Fair review of the business

2025’s revenue levels show a significant uplift on 2024 and this is due to the increasing occupancy levels of the company which has reached fully operational level and sustained it for the year.

Irrespective of rising overhead costs which were unavoidable the company has shown its resilience and ability to adapt in order maintain margins and achieve 24% EBITDA in relation to turnover.

Staffing levels remain on target meaning our agency costs were kept to a minimum so consistency of care was upheld and our staff retention rates remained at approximately 92% (8% turnover) which against an industry average of 30% turnover we feel is acceptable.

Operationally we have continued to operate our Academy very successfully and this has become recognised by industry peers as the “Jewel in Vida’s crown”. Our standards of care continue to be applauded through independent reviews. All services remain rated as “Outstanding” by the CQC

The board would like to thank all of the workforce, residents, families and loved ones for their continued commitment to Vida.

Key performance indicators

The company's key financial and other indicators during the year were as follows:

Unit 2025 2024

Turnover: £15,245,264 £1 4,309,459

Operating profit/(loss): £3,317,556 £2,941,749

EBITDA: £3,611,278 £3,223,874

EBITDA margin: 24% 2 3%

T he balance sheet at the end of the year shows that the company's financial position remains strong, with the c ompany reporting a net asset position of £6,177,188 (202 4 - £4,092,223).

The directors are satisfied with the performance of the company in the period.

Principal risks and uncertainties

The company monitors the risks it faces at regular formal board meetings. The directors consider the following matters to be the principal risks and uncertainties affecting the company.

Reputational damage

Damage to reputation as a result of significant safeguarding events could pose a significant risk to the business. Monitoring of staff, training and policies are regularly reviewed in order to minimise the chance of any problems arising.

Cost inflation

Staff shortages and rising utility and other overhead costs are having a significant impact on profitability and the company's ability to provide the be s t quality of service possible. The directors continually monitor remuneration packages to ensure the company remains competitive and is able to attract and retain the best people. Overheads are regularly reviewed by the directors to ensure costs are controlled as best as possible and that price increases to residents are kept to a minimum.

Given the difficult conditions experienced in the care sector in the recent years, the directors are satisfied with the reported results.

VIDA GRANGE LTD
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -

On behalf of the board

J A Rycroft
Director
25 June 2026
VIDA GRANGE LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -

The directors present their annual report and financial statements for the year ended 31 December 2025.

Principal activities

The principal activity of the company is that of the operation of a care home.

Results and dividends
The results for the year are set out on page 8.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

B Mossman
C A Rycroft
J A Rycroft
J Young
M A Rycroft
Financial instruments
Objectives and policies

The financial risk management objectives of the Company are to retain sufficient liquid funds to enable it to meet its day-to-day requirements, minimise the Company's exposure to fluctuating interest rates and match the repayment schedule of any external borrowings or overdrafts with the future cash flows expected to arise from the Company's trading activities.

Price risk, credit risk, liquidity risk and cash flow risk

The Company is exposed to a moderate level of price risk, credit risk, liquidity risk and cash flow risk. The Company manages these risks by financing its operations through retained profits, supplemented by long-term bank borrowings where necessary to fund expansion or capital expenditure programmes.

Future developments

Demand remains high in the local area served by Vida Grange and long-term occupancy rates are budgeted to remain at close to capacity.

Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

VIDA GRANGE LTD
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -

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 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.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
J A Rycroft
Director
25 June 2026
VIDA GRANGE LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF VIDA GRANGE LTD
- 5 -
Opinion

We have audited the financial statements of Vida Grange Ltd (the 'company') for the year ended 31 December 2025 which comprise the profit and loss account, the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including 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 our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport 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.

VIDA GRANGE LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF VIDA GRANGE LTD (CONTINUED)
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

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 auditor's 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.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

VIDA GRANGE LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF VIDA GRANGE LTD (CONTINUED)
- 7 -
Capability of the audit in detecting irregularities, including fraud

Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.

The following laws and regulations were identified as being of significance to the entity:

- Those laws and regulations considered to have a direct effect on the financial statements including UK financial reporting standards, Company Law, Tax and Pensions legislation, and distributable profits legislation.

- Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the business and therefore may have a material effect on the financial statements include compliance with health and safety regulations and the independent regulator of health and adult social care in England, the Care Quality Commission.

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence and legal costs incurred; review of board minutes; testing the appropriateness of journal entries; and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud.

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's member 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 member those matters we are required to state to the member in an auditor's 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 member, for our audit work, for this report, or for the opinions we have formed.

Paul Gainford (Senior Statutory Auditor)
For and on behalf of Sumer Auditco Limited, Statutory Auditor
Unit 2
Gosforth Park Avenue
Newcastle Upon Tyne
NE12 8EG
25 June 2026
VIDA GRANGE LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
15,245,264
14,309,459
Administrative expenses
(11,927,708)
(11,367,710)
Operating profit
4
3,317,556
2,941,749
Interest receivable and similar income
14,851
20,886
Interest payable and similar expenses
7
(512,137)
(739,351)
Profit before taxation
2,820,270
2,223,284
Tax on profit
8
(735,304)
(569,292)
Profit for the financial year
2,084,966
1,653,992

The profit and loss account has been prepared on the basis that all operations are continuing operations.

VIDA GRANGE LTD
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
2025
2024
£
£
Profit for the year
2,084,966
1,653,992
Other comprehensive income
-
-
Total comprehensive income for the year
2,084,966
1,653,992
VIDA GRANGE LTD
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
10
11,434,565
11,533,314
Current assets
Debtors
11
2,490,112
2,605,038
Cash at bank and in hand
422,117
333,258
2,912,229
2,938,296
Creditors: amounts falling due within one year
12
(2,269,055)
(10,052,283)
Net current assets/(liabilities)
643,174
(7,113,987)
Total assets less current liabilities
12,077,739
4,419,327
Creditors: amounts falling due after more than one year
13
(5,518,523)
-
0
Provisions for liabilities
Deferred tax liability
15
382,027
327,104
(382,027)
(327,104)
Net assets
6,177,189
4,092,223
Capital and reserves
Called up share capital
17
1
1
Profit and loss reserves
6,177,188
4,092,222
Total equity
6,177,189
4,092,223
The financial statements were approved by the board of directors and authorised for issue on 25 June 2026 and are signed on its behalf by:
J A Rycroft
Director
Company registration number 09108422 (England and Wales)
VIDA GRANGE LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 11 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2024
1
3,688,230
3,688,231
Year ended 31 December 2024:
Profit and total comprehensive income
-
1,653,992
1,653,992
Dividends
9
-
(1,250,000)
(1,250,000)
Balance at 31 December 2024
1
4,092,222
4,092,223
Year ended 31 December 2025:
Profit and total comprehensive income
-
2,084,966
2,084,966
Balance at 31 December 2025
1
6,177,188
6,177,189
VIDA GRANGE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 12 -
1
Accounting policies
Company information

Vida Grange Limited is a private company limited by shares incorporated in England and Wales. The registered office is: Vida Court, Beckwith Head Road, Harrogate, HG3 1RB. The principal place of business is: Vida Grange, Thirkill Drive, Pannal, Harrogate, North Yorkshire, HG3 1FE.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Vida Healthcare Limited. These consolidated financial statements are available from Vida Court, Beckwith Head Road, Harrogate, England, HG3 1RB.

1.2
Going concern

In making their going concern assessment, the directors have considered the profitability and financial position of the group headed by Vida Healthcare Limited ("the Group") as a whole.true

In common with many businesses, the Group meets its working capital requirements using funding from its bankers. The directors have prepared profit and cash flow forecasts which show that the Group will be able to meet its liabilities as they fall due.

The directors' review of bank funding requirements and available facilities leads them to believe that it is appropriate to prepare the financial statements on a going concern basis.

1.3
Revenue

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

The Company recognises when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity, and specific criteria have been met for each of the Company's activities.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

VIDA GRANGE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 13 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
50 years straight line basis
Fixtures and fittings
4 - 7 years straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

VIDA GRANGE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 14 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

VIDA GRANGE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 15 -
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Useful economic lives of tangible fixed assets

The company depreciates tangible assets over their estimated useful lives. The estimation of the useful lives of assets is based on historic performance as well as expectations about future use and therefore requires estimates and assumptions to be applied by management.

Judgement is applied by management when determining the residual values of tangible assets. When determining the residual value management aim to assess the amount that the company would currently obtain for the disposal of the asset, if it were already of the condition expected at the end of its useful economic life.

The carrying amount of tangible fixed assets at the reporting date was £11,434,565 (2024 - £11,533,314).

Impairment of trade and other debtors

The Company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the ageing profile and historic experience.

VIDA GRANGE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 16 -
3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Provision of care services
15,245,264
14,309,459
2025
2024
£
£
Other revenue
Interest income
14,851
20,886

All revenue arose within the United Kingdom.

4
Operating profit
2025
2024
Operating profit for the year is stated after charging:
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
17,598
14,100
Depreciation of tangible fixed assets
293,722
282,125
Operating lease charges
90,351
92,186
5
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Nursing, care and activities staff
184
189
Administration and support staff
6
4
Bank and reception staff
33
24
Kitchen staff
14
14
Housekeeping and maintenance staff
20
21
Management staff
5
5
Total
262
257

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
8,109,442
7,755,788
Social security costs
981,581
753,582
Pension costs
173,234
161,250
9,264,257
8,670,620
VIDA GRANGE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
5
Employees
(Continued)
- 17 -

In addition to the employee numbers reported above, there were also 27 (2024 - 24) individuals who were employed by the group centrally and whose costs were recharged across the trading subsidiaries in the group and included in the employment costs disclosed above.

6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
71,906
83,215
Company pension contributions to defined contribution schemes
1,704
1,842
73,610
85,057

The number of directors for whom retirement benefits are accruing under defined contribution schemes

amounted to 3 (2024 - 3).

7
Interest payable and similar expenses
2025
2024
£
£
Interest on bank overdrafts and loans
352,268
486,130
Interest payable to group undertakings
159,869
253,221
512,137
739,351
8
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
680,381
532,672
Deferred tax
Origination and reversal of timing differences
54,923
36,620
Total tax charge
735,304
569,292
VIDA GRANGE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
8
Taxation
(Continued)
- 18 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
2,820,270
2,223,284
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
705,068
555,821
Tax effect of expenses that are not deductible in determining taxable profit
213
296
Group relief
(9,221)
(26,069)
Depreciation on assets not qualifying for tax allowances
39,244
39,244
Taxation charge for the year
735,304
569,292
9
Dividends
2025
2024
£
£
Interim paid
-
0
1,250,000
VIDA GRANGE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 19 -
10
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 January 2025
13,175,234
1,105,258
14,280,492
Additions
-
0
194,973
194,973
At 31 December 2025
13,175,234
1,300,231
14,475,465
Depreciation and impairment
At 1 January 2025
1,793,332
953,846
2,747,178
Depreciation charged in the year
222,516
71,206
293,722
At 31 December 2025
2,015,848
1,025,052
3,040,900
Carrying amount
At 31 December 2025
11,159,386
275,179
11,434,565
At 31 December 2024
11,381,902
151,412
11,533,314

Freehold land and buildings with a carrying amount of £11,159,386 (2024 - £11,381,902) have been pledged to secure borrowings of the company. The company is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.

Included within the net book value of land and buildings above is freehold land at a cost of £2,050,000 (202 4 - £2,050,000) which is not depreciated.

VIDA GRANGE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 20 -
11
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
617,336
729,814
Amounts owed by group undertakings
1,508,104
1,594,653
Other debtors
150,192
121,801
Prepayments and accrued income
214,480
158,770
2,490,112
2,605,038
12
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
14
300,750
6,057,056
Trade creditors
140,933
449,594
Amounts owed to group undertakings
190,199
2,153,706
Corporation tax
314,181
379,013
Other taxation and social security
175,667
153,441
Other creditors
265,590
243,297
Accruals and deferred income
881,735
616,176
2,269,055
10,052,283
13
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans
14
5,518,523
-
0
14
Loans and overdrafts
2025
2024
£
£
Bank loans
5,819,273
6,057,056
Payable within one year
300,750
6,057,056
Payable after one year
5,518,523
-
0

The loan is secured by a debenture incorporating a fixed charge against the Company's freehold land and buildings and fixed and floating charges over all other assets of the Company present and future.

The bank borrowings relate to a Term Loan facility, which is denominated in Pounds Sterling with a nominal interest rate of Bank of England Base Rate + 1.7%. The loan is repayable in equal quarterly instalments up to 30 November 202 9, with a final repayment of £4,661,625 due on this date. The carrying amount of the Term Loan at the year end is £5,819,273 (2024 - £6,057,056).

VIDA GRANGE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 21 -
15
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
382,027
327,104
2025
Movements in the year:
£
Liability at 1 January 2025
327,104
Charge to profit or loss
54,923
Liability at 31 December 2025
382,027
16
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
173,234
161,250

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

17
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each of £1 each
1
1
1
1
18
Financial commitments, guarantees and contingent liabilities

The company has provided a cross guarantee in relation to borrowings of its fellow group undertakings. As at 31 December 2025, the total borrowings secured under this guarantee amounted to £13,252,194 (2024 - £14,823,964).

VIDA GRANGE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 22 -
19
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within 1 year
24,942
17,141
Years 2-5
11,470
7,868
36,412
25,009
20
Events after the reporting date

No events after the reporting date were noted.

21
Related party transactions

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Other related parties
116,500
116,500
22
Ultimate controlling party

The company's immediate parent is Vida Healthcare Limited, incorporated in the United Kingdom.

The address of the registered office of Vida Healthcare Limited is Vida Court, Beckwith Head Road, Harrogate, HG3 1RB.

The ultimate controlling parties are Mr C A Rycroft and Mrs B J Rycroft.

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