J.T. Care Homes Limited

	Page
Strategic Report	1—2
Directors' Report	3—5
Independent Auditor's Report	6—8
Profit and Loss Account	9
Statement of Comprehensive Income	10
Balance Sheet	11
Statement of Changes in Equity	12
Statement of Cash Flows	13
Notes to the Statement of Cash Flows	14
Notes to the Financial Statements	15—25

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

Review of the Business

For the financial year ended 31 July 2025, the company reported a turnover of £3,035,508 (2024 - £2,926,775), an increase of 3.72% from the prior year.

Gross profit decreased to £994,387 (2024 - £1,074,830) whilst operating profit decreased to £288,843 (2024 - £388,527)

Administrative expenses increased slightly to £758,250 (2024 - £743,413)

The company received other operating income of £52,200 (2024 - £57,110) which principally arose from investment property income.

The company reported a pre-tax profit for the year of £320,198 (2024 - £440,179) and a post-tax profit of £218,470 (2024 - £313,404).

Key Performance Indicators (KPIs)

Turnover growth: 3.72% increase in turnover from £2,926,775 in 2024 to £3,035,508 in 2025.
Gross profit margin: Decreased from 36.72% in 2024 to 32.76% in 2025.
Operating profit: 25.79% decrease in operating profit from £388,527 in 2024 to £288,336 in 2025.
Operating profit margin: Decreased from 9.50% in 2024 to 94.99% in 2025.
Occupancy rate: A significant contributor to turnover growth, with occupancy levels nearing full capacity in all care homes.
Staff retention: 95% retention rate, demonstrating success in employee engagement and development initiatives.

Principal Risks and Uncertainties

The directors monitor the risks and uncertainties facing the company on a regular basis and have implemented appropriate policies and procedures to mitigate these risks wherever possible.

The principal risks affecting the business are:

Regulatory compliance risk

As a provider of residential care services, the company is subject to regulation by the Care Quality Commission (CQC). Failure to maintain required standards could result in regulatory sanctions, reputational damage, or financial penalties. The company mitigates this risk through ongoing staff training, regular internal audits of care quality, and close monitoring of CQC compliance requirements.

Safeguarding risk

Safeguarding residents, particularly vulnerable adults, is of paramount importance. Any failure to detect or appropriately respond to safeguarding issues could have serious consequences for residents and the company. Comprehensive safeguarding policies are in place, and all staff receive regular safeguarding training to ensure high standards of resident protection.

Financial risk

The company is exposed to risks relating to occupancy levels, funding rates, and cost inflation. The directors monitor financial performance carefully, maintain appropriate cash reserves, and seek to optimise operational efficiency to mitigate these risks.

Operational risk

The company relies on the recruitment and retention of qualified staff to deliver high standards of care. Staff shortages could impact service quality and business continuity. The company invests in staff development and wellbeing to maintain a stable workforce.

The directors are satisfied that appropriate controls and monitoring systems are in place to manage the principal risks identified.

Future Developments

The company intends to continue modernising and refurbishing its existing homes whilst also looking to implement more digitalisation strategies to improve administrative efficiency, and the quality of care delivered. Focus will continue improving staff development programs, ensuring that J.T. Care Homes maintains its position as a leading care provider in the local area.

Dividends

Dividends paid to equity shareholders during the year amounted to £130,800 .

The directors do not recommend the payment of a final dividend to equity shareholders.

Page 1

Page 2

J.T. Care Homes Limited

Strategic Report (continued)

For The Year Ended 31 July 2025

Environmental Impact

J.T. Care Homes Limited recognises its responsibility towards environmental sustainability and is committed to minimising its environmental footprint.

Over the past year, the company has implemented the following initiatives:

Energy Efficiency

As part of our ongoing maintenance programme, we have replaced older light fittings with energy-efficient LED lighting with the aim of reducing our electricity consumption. Additionally, heating systems are monitored and regulated by our maintenance team. We are also in the process of fitting motion sensor lighting in all bathrooms and shower rooms to reduce energy consumption.

Waste Management

We operate a recycling programme in all our care homes with which we aim to reduce landfill waste. We routinely recycle paper, cardboard, plastic and garden waste across the group.

The company remains committed to continuously improving its environmental practices and aligning with broader sustainability goals.

Social Responsibility

J.T. Care Homes Limited is dedicated to making a positive impact on the communities we serve. Our social responsibility initiatives focus on providing excellent care, supporting staff well-being, and engaging with the local community.

Quality Care

The company strives to maintain high care standards, with a focus on patient-centred care. Regular training is provided to all staff to ensure compliance with care standards and regulatory requirements.

Employee Development

We are committed to the well-being and professional development of our staff. In 2025, the company invested in several staff training and development programs, aimed at enhancing skills and promoting career growth within the care sector. Through our regular supervision programme, we can discuss work life balance and any wellbeing issues affecting our staff.

Community Engagement

J.T. Care Homes Limited engages with the local community by inviting them into our homes for fund raising activity days. We engage with several schools and colleges and other organisations to enhance the lives of our residents and provide educational and recreational opportunities for young persons in the local community.

On behalf of the board

Mr R J MnKandla

Director

27 July 2026

Page 2

Page 3

J.T. Care Homes Limited

Company No. 02700285

Directors' Report For The Year Ended 31 July 2025

Directors' Report

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

Principal Activity

J.T. Care Homes Limited is engaged in providing high-quality residential care services across the Lancashire region. Our care homes cater to elderly individuals and those with specific health needs, ensuring a supportive and caring environment. The company has established itself as a leading care provider by focusing on compassionate service, staff excellence, and continuous improvement in care standards.

Financial Instruments

The company’s financial instruments comprise cash and cash equivalents, trade receivables, other receivables, trade payables, other payables, and lease liabilities. The company does not undertake any active trading in financial instruments and does not hold any complex financial instruments such as derivatives.

The main risks associated with the company’s financial instruments are:

Credit risk

Credit risk arises primarily from trade receivables. The company has policies in place to ensure that care fees are billed promptly and that appropriate credit control procedures are followed to minimise the risk of default. Trade receivables are regularly reviewed, and provisions are made for amounts considered to be doubtful.

Liquidity risk

Liquidity risk is managed through careful cash flow management and the maintenance of sufficient cash balances. The company prepares cash flow forecasts on a regular basis to ensure that sufficient funds are available to meet liabilities as they fall due. The company does not operate significant external borrowings and relies primarily on internally generated funds.

Interest rate risk

The company's exposure to interest rate risk is limited to cash balances held in interest-bearing accounts. The company does not have significant borrowings subject to variable interest rates.

Other risks

Given the nature of its operations, the company’s exposure to foreign currency risk is minimal, and it does not engage in hedging activities.

The board regularly reviews the company’s exposure to the above financial risks and is satisfied that they are appropriately managed in the context of the company’s overall operations and financial strategy.

Directors

The directors who held office during the year were as follows:

Mr J K Titterington	Resigned	13/02/2026
Mrs J Fairclough	Resigned	13/02/2026
Mr R J MnKandla	Appointed	13/02/2026

Corporate Governance

Strong corporate governance is at the heart of J.T. Care Homes Limited's operations, ensuring transparency, accountability, and long-term business sustainability.

Board of Directors

The company is led by a skilled and experienced board, consisting of Mr. J.K. Titterington and Mrs. J. Fairclough, who have extensive expertise in care home management and business operations. The board meets regularly to review the strategic direction of the company and ensure it is aligned with stakeholders' interests.

Compliance and risk management

J.T. Care Homes Limited adheres to strict regulatory requirements, including health and safety standards and care home regulations. The company has robust risk management procedures in place to ensure any risks to the business are identified and mitigated swiftly.

Ethics and integrity

The company is committed to maintaining the highest ethical standards in its business practices. We ensure compliance with all relevant laws and regulations and foster a culture of integrity across all levels of the business.

Page 3

Page 4

J.T. Care Homes Limited

Directors' Report (continued)

For The Year Ended 31 July 2025

Qualifying Third-party and Pension Scheme Indemnity Provision

The Company maintains liability insurance for its Directors and Officers. The Company has also granted indemnities to the extent permitted by law to each of the Directors. These indemnities are uncapped in amount in relation to certain losses and liabilities which they may incur to third parties in the course of acting as a Director or Officer of the Company. Neither the indemnity, nor insurance cover provides cover in the event a Director or Officer is proved to have acted fraudulently or dishonestly. The indemnity is categorised as a ‘qualifying third-party indemnity’ for the purposes of the Companies Act 2006 and will continue in force for the benefit of Directors and Officers on an ongoing basis.

Matters covered in the Strategic Report

Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the directors consider them to be of strategic importance to the business.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' 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, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', 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 the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, 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 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.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Page 4

Page 5

J.T. Care Homes Limited

Directors' Report (continued)

For The Year Ended 31 July 2025

Independent Auditors

As the company is expected to qualify for the small companies' audit exemption for the next financial year, the directors do not currently intend to propose the appointment of auditors, unless required to do so under the Companies Act 2006 or requested by the shareholders.

On behalf of the board

Mr R J MnKandla

Director

27 July 2026

Page 5

Page 6

Independent Auditor's Report

to the Members of

J.T. Care Homes Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of J.T. Care Homes Limited for the year ended 31 July 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 July 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 entity's ability to continue as a going concern for a period of at least 12 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. In connection with our audit of the financial statements, 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 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 the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Page 6

Page 7

Independent Auditor's Report (continued)

to the Members of

J.T. Care Homes Limited

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 identified material misstatements in the Strategic Report or the Directors' Report.

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 or 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' Responsibilities Statement set out on page 3—5, 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:

We have obtained reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud, error, or non-compliance with laws and regulations.

As part of our risk assessment, we evaluated the company's compliance framework, made targeted enquiries of management and those charged with governance, and reviewed relevant external correspondence (e.g., CQC reports, HMRC communications) for indications of regulatory breaches.

To address the risk of management override of controls, we performed testing of journal entries, reviewed accounting estimates for bias, and examined significant transactions outside the normal course of business.

To address the risk of fraud in revenue recognition, we conducted substantive analytical procedures, tested a sample of resident revenue to care agreements and occupancy records, performed cut-off testing around the year-end, and assessed the completeness of revenue against occupancy data.

We also reviewed internal policies, such as whistleblowing and safeguarding procedures, to assess the company’s internal environment for preventing and detecting irregularities.

Throughout the audit, we maintained an attitude of professional scepticism, particularly when reviewing areas requiring significant management judgment such as property valuations and goodwill impairment.

No matters came to our attention to indicate that material irregularities, including fraud or non-compliance with significant laws and regulations, have occurred during the reporting period.

However, due to the inherent limitations of an audit, particularly regarding the detection of fraud (where concealment, collusion or management override may occur) and non-compliance that does not directly affect the financial statements, there remains an unavoidable risk that some irregularities may not have been detected.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website 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 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 that we are required to state to them 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 members as a body, for our audit work, for this report, or for the opinions we have formed.

Page 7

Page 8

Independent Auditor's Report (continued)

to the Members of

J.T. Care Homes Limited

Mark James Hall (Senior Statutory Auditor)

for and on behalf of MJH Accountants Limited , Statutory Auditor

27 July 2026

MJH Accountants Limited

129 Woodplumpton Road

Fulwood

Preston

Lancashire

PR2 3LF

Page 8

Page 9

J.T. Care Homes Limited

Profit and Loss Account

For The Year Ended 31 July 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER		3,035,507	2,926,775
Cost of sales		(2,041,121 )	(1,851,945 )

GROSS PROFIT		994,386	1,074,830

Administrative expenses		(758,250 )	(743,413 )
Other operating income		52,200	57,110

OPERATING PROFIT	4	288,336	388,527
Profit on revaluation of investment property		10,000	36,385
Profit/(loss) on disposal of fixed assets		456	(4,440 )
Other interest receivable and similar income	9	21,556	20,544
Interest payable and similar charges	10	(150 )	(837 )

PROFIT BEFORE TAXATION		320,198	440,179
Tax on Profit	11	(101,728 )	(126,775 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		218,470	313,404

The notes on pages 14 to 25 form part of these financial statements.

Page 9

Page 10

J.T. Care Homes Limited

Statement of Comprehensive Income

For The Year Ended 31 July 2025

Statement of Comprehensive Income

	2025	2024
	£	£
PROFIT FOR THE FINANCIAL YEAR	218,470	313,404
OTHER COMPREHENSIVE INCOME:
Gain on revaluation of property, plant and equipment	-	974,996
Tax expense on components of other comprehensive income	-	(227,714 )

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	218,470	1,060,686

Page 10

Page 11

J.T. Care Homes Limited

Balance Sheet

As At 31 July 2025

Balance Sheet

Registered number: 02700285

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	13		4,085,163		4,156,953
Investment Properties	14		675,000		665,000

			4,760,163		4,821,953
CURRENT ASSETS
Stocks	15	14,402		14,055
Debtors	16	73,939		119,478
Cash at bank and in hand		1,599,365		1,419,036

		1,687,706		1,552,569
Creditors: Amounts Falling Due Within One Year	17	(478,090 )		(494,207 )

NET CURRENT ASSETS (LIABILITIES)			1,209,616		1,058,362

TOTAL ASSETS LESS CURRENT LIABILITIES			5,969,779		5,880,315

PROVISIONS FOR LIABILITIES
Deferred Taxation	18		(611,442 )		(609,648 )

NET ASSETS			5,358,337		5,270,667

CAPITAL AND RESERVES
Called up share capital	20		10,000		10,000
Revaluation reserve	24		2,291,001		2,328,378
Fair value reserve	24		34,789		27,289
Profit and Loss Account			3,022,547		2,905,000

SHAREHOLDERS' FUNDS			5,358,337		5,270,667

On behalf of the board

Mr R J MnKandla

Director

27 July 2026

The notes on pages 14 to 25 form part of these financial statements.

Page 11

Page 12

J.T. Care Homes Limited

Statement of Changes in Equity

For The Year Ended 31 July 2025

Statement of Changes in Equity

	Share Capital	Revaluation reserve	Fair value reserve	Profit and Loss Account	Total
	£	£	£	£	£
As at 1 August 2023	10,000	1,560,414	-	2,770,367	4,340,781
Profit for year	-	-	-	313,404	313,404

Surplus on revaluation	-	974,996	-	-	974,996
Deferred tax on revalued assets	-	(227,714 )	-	-	(227,714)

Other comprehensive income for the year	-	747,282	-	-	747,282

Total comprehensive income for the year	-	747,282	-	313,404	1,060,686

Dividends paid	-	-	-	(130,800)	(130,800)
Transfer from revaluation reserve	-	-	-	(20,682)	(20,682)
Transfer to/from Fair value reserve	-	-	-	(27,289)	(27,289)
Transfer to/from Profit & Loss Account	-	20,682	27,289	-	47,971

As at 31 July 2024 and 1 August 2024	10,000	2,328,378	27,289	2,905,000	5,270,667


Profit for the year and total comprehensive income	-	-	-	218,470	218,470

Dividends paid	-	-	-	(130,800)	(130,800)
Transfer to/from Other Reserves	-	-	-	(7,500)	(7,500)
Transfer from revaluation reserve	-	-	-	37,377	37,377
Transfer to/from Profit & Loss Account	-	(37,377 )	7,500	-	(29,877)

As at 31 July 2025	10,000	2,291,001	34,789	3,022,547	5,358,337

Page 12

Page 13

J.T. Care Homes Limited

Statement of Cash Flows

For The Year Ended 31 July 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	407,407	443,977
Interest paid		(150 )	(837 )
Tax paid		(119,366 )	(76,448 )

Net cash generated from operating activities		287,891	366,692

Cash flows from investing activities
Purchase of tangible assets		(5,953 )	(14,634 )
Proceeds from disposal of tangible assets		8,880	-
Interest received		21,556	20,544

Net cash generated from investing activities		24,483	5,910

Cash flows from financing activities
Equity dividends paid		(130,800 )	(130,800 )
Amount introduced by directors		10,448	5,949
Amount withdrawn by directors		(11,693)	(19,662)

Net cash used in financing activities		(132,045 )	(144,513 )



Increase in cash and cash equivalents		180,329	228,089
Cash and cash equivalents at beginning of year	2	1,419,036	1,190,947

Cash and cash equivalents at end of year	2	1,599,365	1,419,036

Page 13

Page 14

J.T. Care Homes Limited

Notes to the Statement of Cash Flows

For The Year Ended 31 July 2025

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from operations

	2025	2024
	£	£
Profit for the financial year	218,470	313,404
Adjustments for:
Tax on profit	101,728	126,775
Interest expense	150	837
Interest income	(21,556 )	(20,544 )
Depreciation of tangible assets	69,319	73,875
(Profit)/loss on disposal of tangible assets	(456)	4,440
Profit on revaluation of fixed assets	(10,000)	(36,385)
Movements in working capital:
Increase in stocks	(347 )	(290 )
Decrease in trade and other debtors	45,539	156,803
Increase/(decrease) in trade and other creditors	4,560	(174,938 )

Net cash generated from operations	407,407	443,977

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	1,599,365	1,419,036

3. Analysis of changes in net funds

	As at 1 August 2024	Cash flows	As at 31 July 2025
	£	£	£
Cash at bank and in hand	1,419,036	180,329	1,599,365

Page 14

Page 15

J.T. Care Homes Limited

Notes to the Financial Statements

For The Year Ended 31 July 2025

Notes to the Financial Statements

1. General Information

J.T. Care Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02700285 . The registered office is Oxford House, 258 Garstang Road, Fulwood, Preston, Lancashire, PR2 9QB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets.

2.2. Significant judgements and estimations

In the application of the company’s accounting policies, management is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.

Judgements

The following are the key judgements, apart from those involving estimations, that management has made in the process of applying the company’s accounting policies:

Valuation of freehold and investment properties

Management has exercised judgement in determining that the use of independent professional valuations is appropriate for measuring the fair value of freehold care home properties and investment properties. Judgement is also applied in assessing whether there are any indicators of impairment or significant changes in market conditions that would require a revaluation.

Sources of estimation uncertainty

The following are the key assumptions concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year:

Valuation of freehold and investment properties

The valuations are based on independent professional assessments which incorporate assumptions relating to market conditions, rental yields, occupancy levels and comparable market transactions. Changes in these assumptions could have a material impact on the carrying value of the properties.

Deferred tax liabilities on revaluation gains

Deferred tax liabilities are recognised on the revaluation of freehold and investment properties. This requires estimation of future tax rates and assumptions regarding the timing and manner of recovery of the related assets.

Impairment of goodwill

The assessment of goodwill impairment requires estimation of the recoverable amount of the relevant cash-generating units. Management has determined that the goodwill is fully impaired based on current trading performance and market conditions. Changes in these assumptions could affect the level of impairment recognised.

2.3. Turnover

Turnover represents the fair value of consideration receivable during the year for services provided in the normal course of business net of any discounts.

Revenue from the provision of residential care services is recognised when:

The services are provided to residents under the terms of their care agreements, and
The amount of revenue can be measured reliably, and
It is probable that the economic benefits associated with the transaction will flow to the company.

Fees charged to residents are typically invoiced on a 4 weekly basis and are based on the agreed contractual rates for the level of care provided.

Revenue is recognised evenly over the period in which the services are provided, reflecting the company's performance obligation to deliver continuous care services over time.

Deposits received from residents or local authorities, where applicable, are accounted for as deferred income until the services are delivered.

...CONTINUED

Page 15

Page 16

J.T. Care Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.3. Turnover - continued

Where funding is received from local authorities or the NHS under contractual arrangements, income is recognised as services are rendered in accordance with the agreed terms of funding.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are initially recognised at cost.

Freehold properties are subsequently measured at revalued amounts, being their fair value at the date of revaluation less any subsequent accumulated depreciation and impairment losses. Valuations are performed periodically by independent professionally qualified valuers, with interim reviews carried out by the directors to ensure that the carrying value does not differ materially from fair value.

Other tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided to write off the cost or revalued amount of the assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Land - 0% and Buildings 2% on cost
Plant & Machinery	20% on written down value
Motor Vehicles	25% on written down value
Fixtures & Fittings	20% on written down value
Computer Equipment	25% on written down value and 33.3% on cost

Revaluation gains are recognised in other comprehensive income and accumulated in the revaluation reserve, except to the extent that they reverse a revaluation decrease previously recognised in profit or loss. Revaluation losses are recognised in profit or loss, except to the extent that they relate to a surplus previously recorded in the revaluation reserve.

2.6. Investment Properties

All investment properties are carried at fair value which is reviewed annually by the directors and a professional valuation is undertaken every 5 years.

The valuation is derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset.

No depreciation is provided for and changes in fair value are recognised in the profit and loss account.

2.7. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.8. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.9. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

Page 16

Page 17

J.T. Care Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.10. Financial Instruments

Financial assets and financial liabilities are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

Financial Assets

Financial assets are initially measured at transaction price (including transaction costs), unless the arrangement constitutes a financing transaction, in which case the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Subsequent to initial recognition, financial assets are measured at amortised cost using the effective interest method, less any impairment. Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are settled.

Financial Liabilities

Financial liabilities are initially measured at transaction price (including transaction costs), unless the arrangement constitutes a financing transaction, in which case the financial liability is measured at the present value of the future payments discounted at a market rate of interest.

Subsequent to initial recognition, financial liabilities are measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the obligation specified in the contract is discharged, cancelled, or expires.

Trade and Other Debtors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition, they are measured at amortised cost using the effective interest method, less any impairment losses.

Trade and Other Creditors

Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition, they are measured at amortised cost using the effective interest method.

Impairment of Financial Assets

At each reporting date, the company assesses whether there is objective evidence that a financial asset is impaired. If there is objective evidence of impairment, an impairment loss is recognised immediately in profit or loss.

2.11. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.12. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Page 17

Page 18

J.T. Care Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

3. Other Operating Income

	2025	2024
	£	£
Rental income	51,588	57,110
Other operating income	612	-

	52,200	57,110

4. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Operating lease rentals	35,939	34,908
Depreciation of tangible fixed assets	69,319	73,875

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	12,300	11,700


Other Services
Other non-audit services	7,950	7,950

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	1,703,899	1,547,356
Social security costs	163,115	125,259
Other pension costs	161,125	155,970

	2,028,139	1,828,585

7. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	6	6
Sales, marketing and distribution	68	68

	74	74

Page 18

Page 19

J.T. Care Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

8. Directors' remuneration

	2025	2024
	£	£
Emoluments	22,060	22,120
Company contributions to money purchase pension schemes	118,000	122,968

	140,060	145,088

The number of directors to whom retirement benefits were accruing was as follows:

	2025		2024
Money purchase pension schemes	2		2

9. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	21,556	20,544

10. Interest Payable and Similar Charges

	2025	2024
	£	£
Other finance charges	150	837

Page 19

Page 20

J.T. Care Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

11. Tax on Profit

The tax charge on the profit for the year was as follows:

	Tax Rate		2025	2024
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	99,935	116,398
Deferred Tax
Origination and reversal of timing differences			1,793	10,377


Total tax charge for the period			101,728	126,775

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

	2025	2024
	£	£
Profit before tax	320,198	440,179

Tax on profit at 25% (UK standard rate)	80,050	110,045
Goodwill/depreciation not allowed for tax	15,098	16,730
Expenses not deductible for tax purposes	6,580	-

Total tax charge for the period	101,728	126,775

12. Intangible Assets

	Goodwill
	£
Cost
As at 1 August 2024	385,000

As at 31 July 2025	385,000

Amortisation
As at 1 August 2024	385,000

As at 31 July 2025	385,000

Net Book Value
As at 31 July 2025	-

As at 1 August 2024	-

Page 20

Page 21

J.T. Care Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

13. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost or Valuation
As at 1 August 2024	4,116,000	463	78,525	582,088
Additions	-	1,506	-	-
Disposals	-	-	-	(8,880 )

As at 31 July 2025	4,116,000	1,969	78,525	573,208

Depreciation
As at 1 August 2024	-	54	71,818	551,476
Provided during the period	60,393	283	1,677	4,445
Disposals	-	-	-	(456 )

As at 31 July 2025	60,393	337	73,495	555,465

Net Book Value
As at 31 July 2025	4,055,607	1,632	5,030	17,743

As at 1 August 2024	4,116,000	409	6,707	30,612


	Computer Equipment	Total
	£	£
Cost or Valuation
As at 1 August 2024	21,754	4,798,830
Additions	4,447	5,953
Disposals	-	(8,880 )

As at 31 July 2025	26,201	4,795,903

Depreciation
As at 1 August 2024	18,529	641,877
Provided during the period	2,521	69,319
Disposals	-	(456 )

As at 31 July 2025	21,050	710,740

Net Book Value
As at 31 July 2025	5,151	4,085,163

As at 1 August 2024	3,225	4,156,953

Page 21

Page 22

J.T. Care Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

Cost or valuation as at 31 July 2025 represented by:

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
At cost	-	1,969	78,525	573,208
At valuation	4,116,000	-	-	-

	4,116,000	1,969	78,525	573,208


	Computer Equipment	Total
	£	£
At cost	26,201	679,903
At valuation	-	4,116,000

	26,201	4,795,903

The freehold properties were independently valued in December 2024 on the basis of market value, having regard to their existing use, by SHP Valuers, who are registered with the Royal Institution of Chartered Surveyors (RICS) and have recent experience in valuing similar properties in the sector.

The directors have reviewed the carrying value of the properties at 31 July 2025 and consider that there has been no material change in value since the date of the last independent valuation.

As a result of the revaluation, a surplus of £974,996 was recognised in other comprehensive income in the prior year and credited to the revaluation reserve. Deferred tax of £227,714 was provided on the revaluation surplus and charged to other comprehensive income.

If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:

	Land & Property
	Freehold
	£
Cost	1,746,171
Accumulated depreciation and impairment	574,022

Carrying amount	1,172,149

Page 22

Page 23

J.T. Care Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

14. Investment Property

	2025
	£
Fair Value
As at 1 August 2024	665,000
Revaluations	10,000

As at 31 July 2025	675,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	628,615	628,615

15. Stocks

	2025	2024
	£	£
Stock	14,402	14,055

16. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	28,864	23,573
Other debtors	45,075	95,905

	73,939	119,478

17. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	103,716	116,719
Other creditors	113,066	130,093
Corporation tax	96,966	116,398
Taxation and social security	31,349	23,595
Accruals and deferred income	132,993	107,402

	478,090	494,207

18. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Accelerated capital allowances	7,390	8,095
Other timing differences	604,052	601,553

	611,442	609,648

Page 23

Page 24

J.T. Care Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

19. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 August 2024	609,648	609,648
Additions	1,794	1,794

Balance at 31 July 2025	611,442	611,442

20. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
5,000 Ordinary B shares of £ 1 each	5,000	5,000
5,000 Ordinary C shares of £ 1 each	5,000	5,000

	10,000	10,000

21. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	10,103	20,507
Later than one year and not later than five years	10,965	21,067

	21,068	41,574

22. Pension Commitments

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

During the year the charge to the profit and loss account in respect of defined contribution schemes was £161,125 (2024: £155,970).

At the balance sheet date contributions of £NIL were due to the fund.

23. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	130,800	130,800

24. Reserves

	Revaluation Reserve	Fair Value Reserve
	£	£
As at 1 August 2024	2,328,378	27,289
Transfer to profit and loss	(37,377 )	7,500

As at 31 July 2025	2,291,001	34,789

Page 24

Page 25

J.T. Care Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

25. Controlling Parties

At 31 July 2025, the company was controlled by Mr J K Titterington and Mrs J Fairclough , who each owned 50% of the issued share capital.

On 17 February 2026, following the sale of the company's shares to 3 Angels Capital Limited, control of the company passed to 3 Angels Capital Limited.

This transaction occurred after the reporting date and represents a non-adjusting event.

Page 25