Celtic Residential Care Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 6118314

Celtic Residential Care Limited

Filleted Unaudited Financial Statements

31 March 2026

Celtic Residential Care Limited

Financial Statements

Year ended 31 March 2026

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 7

Celtic Residential Care Limited

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	6	475,525	604,284
Investments	7	997,027	997,027
		------------	------------
		1,472,552	1,601,311

Current assets

Stocks		–	370,602
Debtors	8	164,217	12,917
Cash at bank and in hand		420,638	394,519
		---------	---------
		584,855	778,038

Creditors: amounts falling due within one year	9	( 841,815)	( 985,282)
		---------	---------
Net current liabilities		( 256,960)	( 207,244)
		------------	------------
Total assets less current liabilities		1,215,592	1,394,067

Provisions

Taxation including deferred tax	–	( 32,787)
	------------	------------
Net assets	1,215,592	1,361,280
	------------	------------

Capital and reserves

Called up share capital	11	651	651
Profit and loss account		1,214,941	1,360,629
		------------	------------
Shareholders funds		1,215,592	1,361,280
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Celtic Residential Care Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 29 July 2026 , and are signed on behalf of the board by:

Mrs J Anderson	Mrs S Kimpson
Director	Director

Company registration number: 6118314

Celtic Residential Care Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is The Willows, 18 Blackbridge Drive, Milford Haven, Pembrokeshire, SA73 1ET, Wales.

2. Statement of compliance

These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover represents net invoiced sales of goods and services.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

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.

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:

Land & Buildings	-	2% straight line
Plant & Machinery	-	25% reducing balance
Fixtures & Fittings	-	25% reducing balance
Motor Vehicles	-	25% reducing balance
Equipment	-	25 % reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. 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. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 16 (2025: 20 ).

5. Tax on (loss)/profit

Major components of tax (income)/expense

	2026	2025
	£	£

Current tax:

UK current tax expense	–	54,246
Adjustments in respect of prior periods	( 21,580)	–
	--------	--------
Total current tax	( 21,580)	54,246
	--------	--------

Deferred tax:

Origination and reversal of timing differences	( 47,823)	2,030
	--------	--------
Tax on (loss)/profit	( 69,403)	56,276
	--------	--------

6. Tangible assets

	Land & Buildings	Plant & Machinery	Fixtures & Fittings	Motor Vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Apr 2025	575,646	17,374	115,458	120,890	68,238	897,606
Disposals	–	( 7,665)	( 26,349)	( 117,500)	( 57,794)	( 209,308)
	---------	--------	---------	---------	--------	---------
At 31 Mar 2026	575,646	9,709	89,109	3,390	10,444	688,298
	---------	--------	---------	---------	--------	---------
Depreciation
At 1 Apr 2025	102,508	10,896	83,127	48,591	48,200	293,322
Charge for the year	11,513	542	3,683	–	408	16,146
Disposals	–	( 3,354)	( 8,752)	( 45,201)	( 39,388)	( 96,695)
	---------	--------	---------	---------	--------	---------
At 31 Mar 2026	114,021	8,084	78,058	3,390	9,220	212,773
	---------	--------	---------	---------	--------	---------
Carrying amount
At 31 Mar 2026	461,625	1,625	11,051	–	1,224	475,525
	---------	--------	---------	---------	--------	---------
At 31 Mar 2025	473,138	6,478	32,331	72,299	20,038	604,284
	---------	--------	---------	---------	--------	---------

7. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2025 and 31 March 2026	997,027
	---------
Impairment
At 1 April 2025 and 31 March 2026	–
	---------

Carrying amount
At 31 March 2026	997,027
	---------
At 31 March 2025	997,027
	---------

8. Debtors

	2026	2025
	£	£
Other debtors	164,217	12,917
	---------	--------

Other debtors include an amount of £Nil (2025 - £Nil) falling due after more than one year.

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	537	1,661
Corporation tax	–	54,246
Social security and other taxes	6,519	7,218
Other creditors	834,759	922,157
	---------	---------
	841,815	985,282
	---------	---------

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2026	2025
	£	£
Included in debtors (note 8)	15,036	–
Included in provisions	–	( 32,787)
	--------	--------
	15,036	( 32,787)
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2026	2025
	£	£
Accelerated capital allowances	–	32,787
Provisions	( 15,036)	–
	--------	--------
	(15,036)	32,787
	--------	--------

11. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary 'A' shares of £ 1 each	250	250	250	250
Ordinary 'B' shares of £ 1 each	250	250	250	250
Ordinary 'C' shares of £ 1 each	75	75	75	75
Ordinary 'D' shares of £ 1 each	75	75	75	75
Ordinary 'E' shares of £ 1 each	1	1	1	1
	----	----	----	----
	651	651	651	651
	----	----	----	----

12. Related party transactions

The company was under the control of Mrs J Anderson and Mrs S Kimpson , the managing directors, throughout the current and previous year by virtue of their joint majority shareholdings.