Abholly (2008) Limited

Contents

Company Information	1
Strategic Report	2
Directors' Report	3
Independent Auditor's Report	4 to 7
Statement of Comprehensive Income	8
Statement of Financial Position	9
Statement of Changes in Equity	10
Statement of Cash Flows	11
Notes to the Financial Statements	12 to 21

Abholly (2008) Limited

Company Information

Directors

Mr Kevin Briscoe Mr Robert Briscoe

Company secretary

Mrs Susan Briscoe

Registered office

Plym House, 3 Longbridge Road Marsh Mills Plymouth Devon PL6 8LT

Auditors

Westcotts (SW) LLP Chartered accountantsPlym House 3 Longbridge Road Plymouth Marsh Mills Devon PL6 8LT

Abholly (2008) Limited

Strategic Report for the Year Ended 31 October 2025

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

Fair review of the business

Turnover for the company increased by 7.2%% from the prior period. On average Hartley Park Care Home had an occupancy of 98.4%, which is a slight increase from 98.2% in 2024. As at the end of October 2025 64 of 66 rooms were occupied.

The gross profit margin has increase from the prior period due to the company keeping increase in staff salaries down a a level proportionate with the increase in turnover, and a slight reduction in purchases in the year.

Net current assets increased by 16.5%, leaving a net current asset position as at the year end of £4,661,552, and net assets increased by 13.2% from the prior year. Total comprehensive income in the period of £647,745. No dividends were declared.

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

Financial KPIs	Unit	2025	2024
Turnover	£	4,147,268	3,871,095
Gross profit	£	1,484,720	1,330,776
Gross profit margin	%	35.8	34.4
Net profit after tax	£	647,745	619,423
Net profit margin	%	15.6	16
Net assets	£	5,562,327	4,914,582

Principal risks and uncertainties

Management consider that the principal risk to the business would be a negative review from a Care Quality Commission inspection that could result in enforcement action and the subsequent impact on the reputation of the home. To mitigate this risk all care staff are trained to a high level and there is a focus on retaining high quality staff that management trust, together with a compliance manager as part of the team.

The company also considers a major financial risk of the business to be linked to the funding received from local authorities and the associated risks regarding cutbacks of public funding, along with falls in occupancy levels and privately funded residents. To mitigate these risks the company has a mix of both privately and publicly funded residents and seeks to build upon its excellent reputation through retention of its high quality staff.

Approved and authorised by the Board on 30 July 2026 and signed on its behalf by:
 

......................................... Mr Kevin Briscoe Director

Abholly (2008) Limited

Directors' Report for the Year Ended 31 October 2025

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

Directors of the company

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

Mr Kevin Briscoe

Mr Robert Briscoe

Statement of Director's Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

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

•	select suitable accounting policies and apply them consistently;

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

•	state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

•	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.

Events after the end of the reporting period

Occupancy levels as at the end of February 2025 for Hartley Park was 95%, with residents occupying 63 of the 66 rooms.The level since the end of the period has been between 94 and 100%. Looking ahead to next year the homes are seeing a similar occupancy level as the 2023/24 year and are hoping this will stay close to 100% occupancy. Therefore the accounts are prepared on the going concern basis.

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Approved and authorised by the Board on 30 July 2026 and signed on its behalf by:
 

Mr Kevin Briscoe Director

Abholly (2008) Limited

Independent Auditor's Report to the Members of Abholly (2008) Limited

Opinion

We have audited the financial statements of Abholly (2008) Limited (the 'company') for the year ended 31 October 2025, which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, 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, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

•	give a true and fair view of the state of the company's affairs as at 31 October 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 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 director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were 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 directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

Abholly (2008) Limited

Independent Auditor's Report to the Members of Abholly (2008) Limited (continued)

Opinion on other matter 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.

Matters on which we are required to report by exception

In the light of our 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 and the Directors' Report.

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

•	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
•	the financial statements are not in agreement with the accounting records and returns; or
•	certain disclosures of directors' remuneration specified by law are not made; or
•	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the set out on page 3 , 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 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.

Abholly (2008) Limited

Independent Auditor's Report to the Members of Abholly (2008) Limited (continued)

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

• We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience and through discussion with the directors and other management, no issues were noted. We communicated identified laws and regulations throughout our team, and remained alert to any indications of non-compliance throughout the audit.

• The company is subject to laws and regulations that govern the preparation of the financial statements, including financial reporting legislation, and other companies legislation. The company is also subject to other laws and regulations where the consequences of non-compliance could have a material impact on the amounts or disclosures within the financial statements, including employment, anti-bribery, anti-money laundering and certain aspects of companies legislation relating to health and social care regulations. We identified the following as most likely areas to have such an effect: anti-money laundering, employment and health and social care regulations. The Company's activities are regulated by the Care Quality Commission.

• Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. In any audit, there remains a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. we also:

• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

Abholly (2008) Limited

Independent Auditor's Report to the Members of Abholly (2008) Limited (continued)

•

Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern.

•	Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: 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 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.

......................................
Veronique Croney (Senior Statutory Auditor)
For and on behalf of Westcotts (SW) LLP, Statutory Auditor
 Plym House
3 Longbridge Road
Plymouth
Marsh Mills
Devon
PL6 8LT

30 July 2026

Abholly (2008) Limited

Statement of Comprehensive Income for the Year Ended 31 October 2025

	Note	2025 £	2024 £
Turnover	3	4,147,268	3,871,063
Cost of sales		(2,662,548)	(2,540,287)
Gross profit		1,484,720	1,330,776
Administrative expenses		(505,326)	(478,283)
Operating profit	5	979,394	852,493
Other interest receivable and similar income	6	-	27,302
Interest payable and similar expenses	7	(38,388)	(41,575)
		(38,388)	(14,273)
Profit before tax		941,006	838,220
Tax on profit	10	(297,845)	(218,797)
Profit for the financial year		643,161	619,423

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Abholly (2008) Limited

(Registration number: 06721124)
Statement of Financial Position as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	11	2,289,330	2,388,283
Current assets
Debtors	12	4,609,886	4,159,302
Cash at bank and in hand		823,082	635,611
		5,432,968	4,794,913
Creditors: Amounts falling due within one year	13	(776,000)	(794,631)
Net current assets		4,656,968	4,000,282
Total assets less current liabilities		6,946,298	6,388,565
Creditors: Amounts falling due after more than one year	13	(1,231,154)	(1,354,175)
Provisions for liabilities	14	(157,401)	(119,808)
Net assets		5,557,743	4,914,582
Capital and reserves
Called up share capital		4	4
Profit and loss account	16	5,557,739	4,914,578
Shareholders' funds		5,557,743	4,914,582

Approved and authorised by the Board on 30 July 2026 and signed on its behalf by:
 

Mr Kevin Briscoe Director

Abholly (2008) Limited

Statement of Changes in Equity for the Year Ended 31 October 2025

	Share capital £	Profit and loss account £	Total £
At 1 November 2023	4	4,295,155	4,295,159
Profit for the year	-	619,423	619,423
At 31 October 2024	4	4,914,578	4,914,582