Company registration number 14173840 (England and Wales)
SKY CARE HOMES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
Affinia
The Octagon Suite E2
2nd Floor Middleborough
Colchester
Essex
CO1 1TG
SKY CARE HOMES LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 7
SKY CARE HOMES LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
5
20,657,491
20,657,491
Current assets
Debtors
7
1,346,952
1,976,376
Cash at bank and in hand
16
219
1,346,968
1,976,595
Creditors: amounts falling due within one year
8
(18,044,258)
(21,089,070)
Net current liabilities
(16,697,290)
(19,112,475)
Net assets
3,960,201
1,545,016
Capital and reserves
Called up share capital
9
1
1
Profit and loss reserves
3,960,200
1,545,015
Total equity
3,960,201
1,545,016

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 8 July 2026 and are signed on its behalf by:
S Chrystal
Director
Company registration number 14173840 (England and Wales)
SKY CARE HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

Sky Care Homes Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Lower Thames Street, London, EC3R 6EN.

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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 except for, where disclosed in these accounting policies certain items that are shown at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

Sky Care Homes Limited is a wholly owned subsidiary of Zero Midco Limited and the results of Sky Care Homes Limited are included in the consolidated financial statements of Zero Midco Limited which are available from the company's registered office.

1.2
Going concern

The company is in a net current liability position of £true 16,697,290 (2024: £19,112,475) at the balance sheet date, which includes £17,698,852 (2024: £20,990,297) owing to connected companies.

The directors have considered the forecasted future operations of the company and that the ultimate parent undertaking has confirmed to provide continuing financial support to the company, and have concluded that

the company will have adequate resources to continue in business for the foreseeable future, being at least

12 months from the date of approval of these financial statements. The directors continue to adopt the going

concern basis of accounting in preparing these financial statements.

Share of membership profits

Profits are distributed to members proportionally to their investment, and are contingent upon the availability of funds

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

SKY CARE HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 3 -

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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 statement of financial position 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.

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.

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.

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.

SKY CARE HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
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 income statement 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 income statement, 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.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense. 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.

SKY CARE HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
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.

Going concern

The directors are satisfied that the company is operating as a going concern and will continue for the foreseeable future.

In making their judgement, the directors have prepared a detailed business plan and rolling cash flow forecasts and in conjunction with the company's resources and obligations, have concluded that the company

will able to meet its liabilities as they fall due for the foreseeable future.

3
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
3,650
3,250

4
Employees

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

2025
2024
Number
Number
Total
2
2
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
20,657,491
20,657,491
SKY CARE HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
6
Subsidiaries

Details of the company's subsidiaries at 30 September 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Zero Three Care Homes LLP
England and Wales
Share of membership
99.99
SAS Homecare Limited
England and Wales
Ordinary
100.00
SAS Support & Solutions Limited
England and Wales
Ordinary
100.00

All subsidiaries listed above have a registered office address of 10 Lower Thames Street, London, EC3R 6EN.

The principal activity of Zero Care Homes LLP, SAS Support & Solutions Limited and SAS Homecare Limited is the provision of care services.

7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,346,952
1,976,376
8
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
2,824
2,600
Amounts owed to group undertakings and undertakings in which the company has a participating interest
17,698,852
20,990,298
Taxation and social security
335,407
90,772
Other creditors
7,175
5,400
18,044,258
21,089,070

At the statement of financial position date, Shawbrook Bank Limited held a fixed and floating charge dated 30 January 2024 over all the property or undertaking of the company.

At the statement of financial position date, Downing LLP held a fixed and floating charge dated 29 July 2025 over the property and undertakings of the company.

9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
SKY CARE HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 7 -
10
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified.

Senior Statutory Auditor:
Shaun Roberts
Statutory Auditor:
Affinia (Colchester)
Date of audit report:
8 July 2026
11
Ultimate controlling party

The company's immediate parent is Zero Midco Limited, which is incorporated in England and Wales and holds 100% of shares in Sky Care Homes Limited.

The smallest group in which Sky Care Homes Limited is consolidated within is Zero Midco Limited, registered in England & Wales, whereby the financial statements of the group are available through Companies House for public inspection.

The ultimate parent is Branson ZTC Topco Limited, incorporated in England and Wales. This was previously Zero Topco Limited for the period end 2024. Due to the entity's ownership structure, there is no controlling party.

Branson ZTC Topco Limited has confirmed to provide continuous financial support to the company for at least 12 months from the date of approval for these financial statements. There is no interest being charged to any loans provided by the ultimate parent, and will not be called up for repayment within 12 months of approving these financial statements.

2025-09-30 2024-10-01 false false false 08 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity S Chrystal L Stevenson T Mack F Collman O Harris G Mullan P A Evans 14173840 2024-10-01 2025-09-30 14173840 2025-09-30 14173840 2024-09-30 14173840 core:WithinOneYear 2025-09-30 14173840 core:WithinOneYear 2024-09-30 14173840 core:CurrentFinancialInstruments 2025-09-30 14173840 core:CurrentFinancialInstruments 2024-09-30 14173840 core:ShareCapital 2025-09-30 14173840 core:ShareCapital 2024-09-30 14173840 core:RetainedEarningsAccumulatedLosses 2025-09-30 14173840 core:RetainedEarningsAccumulatedLosses 2024-09-30 14173840 core:ShareCapitalOrdinaryShareClass1 2025-09-30 14173840 core:ShareCapitalOrdinaryShareClass1 2024-09-30 14173840 bus:Director1 2024-10-01 2025-09-30 14173840 2023-10-01 2024-09-30 14173840 core:Subsidiary1 2024-10-01 2025-09-30 14173840 core:Subsidiary2 2024-10-01 2025-09-30 14173840 core:Subsidiary3 2024-10-01 2025-09-30 14173840 core:Subsidiary1 1 2024-10-01 2025-09-30 14173840 core:Subsidiary2 2 2024-10-01 2025-09-30 14173840 core:Subsidiary3 3 2024-10-01 2025-09-30 14173840 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 14173840 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 14173840 bus:OrdinaryShareClass1 2024-10-01 2025-09-30 14173840 bus:OrdinaryShareClass1 2025-09-30 14173840 bus:OrdinaryShareClass1 2024-09-30 14173840 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 14173840 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 14173840 bus:FRS102 2024-10-01 2025-09-30 14173840 bus:Audited 2024-10-01 2025-09-30 14173840 bus:Director2 2024-10-01 2025-09-30 14173840 bus:Director3 2024-10-01 2025-09-30 14173840 bus:Director4 2024-10-01 2025-09-30 14173840 bus:Director5 2024-10-01 2025-09-30 14173840 bus:Director6 2024-10-01 2025-09-30 14173840 bus:Director7 2024-10-01 2025-09-30 14173840 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP