Yorcare Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

1. General Information

Yorcare Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06412439 . The registered office is 7-9 High Street, Tadcaster, North Yorkshire, LS24 9AP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill - 20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

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Yorcare Limited

Notes to the Financial Statements (continued)

For the Period 1 November 2024 to 28 February 2026

2.5. Tangible Fixed Assets and Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold	2% straight line
Leasehold	Over the lease period
Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	25% reducing balance

2.6. Leasing and Hire Purchase Contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

2.7. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2.8. Financial Instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment.

Cash and cash equivalents comprise cash at bank and on hand.

Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

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Yorcare Limited

Notes to the Financial Statements (continued)

For the Period 1 November 2024 to 28 February 2026

2.9. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2.10. Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.11. Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

2.12. Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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Yorcare Limited

Notes to the Financial Statements (continued)

For the Period 1 November 2024 to 28 February 2026

2.13. Investments in subsidiaries

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.

Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 48 (2024: 47)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 November 2024	2,420,013	-	2,420,013
Additions	-	775,000	775,000

As at 28 February 2026	2,420,013	775,000	3,195,013

Amortisation
As at 1 November 2024	2,420,013	-	2,420,013

As at 28 February 2026	2,420,013	-	2,420,013

Net Book Value
As at 28 February 2026	-	775,000	775,000

As at 1 November 2024	-	-	-

5. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 November 2024	388,846	1,085,705	1,474,551
Additions	-	2,305	2,305
Disposals	-	(37,769 )	(37,769 )

As at 28 February 2026	388,846	1,050,241	1,439,087

Depreciation
As at 1 November 2024	72,010	722,925	794,935
Provided during the period	10,304	77,455	87,759
Disposals	-	(35,262 )	(35,262 )

As at 28 February 2026	82,314	765,118	847,432

Net Book Value
As at 28 February 2026	306,532	285,123	591,655

As at 1 November 2024	316,836	362,780	679,616

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Yorcare Limited

Notes to the Financial Statements (continued)

For the Period 1 November 2024 to 28 February 2026

6. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 November 2024	6,862,278
Disposals	(974,999 )

As at 28 February 2026	5,887,279

Provision
As at 1 November 2024	-

As at 28 February 2026	-

Net Book Value
As at 28 February 2026	5,887,279

As at 1 November 2024	6,862,278

7. Debtors

	28 February 2026	31 October 2024
	£	£
Due within one year
Trade debtors	676,276	565,340
Other debtors	116,446	141,987

	792,722	707,327

8. Creditors: Amounts Falling Due Within One Year

	28 February 2026	31 October 2024
	£	£
Trade creditors	983,344	959,822
Bank loans and overdrafts	24,565	551,119
Amounts owed to group undertakings	804,813	22,770
Other creditors	202,394	71,157
Taxation and social security	225,145	173,489

	2,240,261	1,778,357

The bank borrowings are secured by a debenture over the assets of the company together with a personal guarantee from CES Fox.

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Yorcare Limited

Notes to the Financial Statements (continued)

For the Period 1 November 2024 to 28 February 2026

9. Creditors: Amounts Falling Due After More Than One Year

	28 February 2026	31 October 2024
	£	£
Bank loans	205,306	420,673
Amounts owed to group undertakings	1,448,927	1,448,927

	1,654,233	1,869,600

The bank borrowings are secured by a debenture over the assets of the company together with a personal guarantee from CES Fox.

10. Share Capital

	28 February 2026	31 October 2024
	£	£
Allotted, Called up and fully paid	100	100

11. Related Party Transactions

The company was under the ultimate control of Mr CES Fox throughout the current and previous year. Mr CES Fox is the managing director and majority shareholder.

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		28 February 2026		31 October 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		775,000		-
Tangible Assets	5		591,655		679,616
Investments	6		5,887,279		6,862,278

			7,253,934		7,541,894
CURRENT ASSETS
Stocks		486,217		451,263
Debtors	7	792,722		707,327
Cash at bank and in hand		244,851		230,566

		1,523,790		1,389,156
Creditors: Amounts Falling Due Within One Year	8	(2,240,261 )		(1,778,357 )

NET CURRENT ASSETS (LIABILITIES)			(716,471 )		(389,201 )

TOTAL ASSETS LESS CURRENT LIABILITIES			6,537,463		7,152,693

Creditors: Amounts Falling Due After More Than One Year	9		(1,654,233 )		(1,869,600 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(70,842 )		(86,202 )

NET ASSETS			4,812,388		5,196,891

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			4,812,288		5,196,791

SHAREHOLDERS' FUNDS			4,812,388		5,196,891