ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 31 October 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Unaudited Financial Statements

Tearmann Care Ireland Limited

For the year ended 31 October 2025

Registered number: NI712965


Tearmann Care Ireland Limited

Company Information

Directors	Scott Benjamin Bennett (appointed 22 December 2025)
	Peter James Burnside (appointed 12 February 2025)
	Joseph Conor Gillen
	Brendan Martin Kerr (appointed 14 February 2025)
	Michael Patrick McCallan


Company secretary	Rhona Sittlington


Registered number	NI712965


Registered office	38-40 Bank Street
	Belfast
	Northern Ireland
	BT1 1HL


Accountants	Grant Thornton Advisors (NI) LLP
	Chartered Accountants
	12 - 15 Donegall Square West
	Belfast
	BT1 6JH


Tearmann Care Ireland Limited

Contents

	Page
Accountants' report	1
Statement of financial position	2 - 3
Notes to the financial statements	4 - 9

Independent Accountant's Report to the directors of the unaudited financial statements of Tearmann Care Ireland Limited for the year ended 31 October 2025

In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Tearmann Care Ireland Limited for the year ended 31 October 2025, which comprise the Statement of comprehensive income, the Statement of financial position and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us.

The financial statements have been prepared on the basis set out in the notes to the financial statements.

This report is made solely to the directors of Tearmann Care Ireland Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of Tearmann Care Ireland Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tearmann Care Ireland Limited and its directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with International Standard on Related Services 4410 (Revised) Compilation Engagements issued by the International Auditing and Assurance Standards Board (the ‘IAASB’’) and have complied with the ethical guidance laid down by the IESBA Code and Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.

You have approved the financial statements for the year ended 31 October 2025 and you have acknowledged on the Statement of financial position as at 31 October 2025 your duty to ensure that Tearmann Care Ireland Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that Tearmann Care Ireland Limited is exempt from the statutory audit requirement for the year ended 31 October 2025.

We have not been instructed to carry out an audit or review the financial statements of Tearmann Care Ireland Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Maeve Hunt FCA
for and on behalf of
Grant Thornton Advisors (NI) LLP
Chartered Accountants 12 - 15 Donegall Square West Belfast BT1 6JH

Date: 30 July 2026

Page 1


Tearmann Care Ireland Limited Registered number:NI712965

Statement of financial position

As at 31 October 2025

		31 October 2025		31 October 2024
Note		£		£

Fixed assets
Tangible assets	5		95,616		-
			95,616		-
Current assets
Debtors: amounts falling due within one year	6	248,757		2
Cash at bank and in hand	7	116,731		-
		365,488		2
Creditors: amounts falling due within one year	8	(737,204)		-
Net current (liabilities)/assets			(371,716)		2
Total assets less current liabilities			(276,100)		2

Net (liabilities)/assets			(276,100)		2

Capital and reserves
Called up share capital	9	2	2
Profit and loss account	10	(276,102)	-
		(276,100)	2

Page 2


Tearmann Care Ireland Limited Registered number:NI712965

Statement of financial position (continued)

As at 31 October 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 July 2026.

Scott Benjamin Bennett

Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3


Tearmann Care Ireland Limited

Notes to the financial statements

For the year ended 31 October 2025

1.	General information

Tearmann Care Ireland Limited is a private company limited by shares and incorporated in Northern Ireland. The registered office is 38-40 Bank Street, Belfast, Northern Ireland, BT1 1HL.
The principal activity of the Company is the provision of residential care.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The financial statements are presented in Sterling (£).

The following principal accounting policies have been applied:

2.2

Going concern

The Company has made a loss of £276,102 (2024: £NIL) during the year, and has net liabilities of £276,100 (2024: net assets of £2). The company meets its working capital requirements through financial support from related parties and is dependent on this continuing support. The directors are confident the support will continue to be made available to allow the company to trade for the foreseeable future. On this basis these financial statements therefore continue to be prepared on the going concern basis.

2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4


Tearmann Care Ireland Limited

Notes to the financial statements

For the year ended 31 October 2025

2.Accounting policies (continued)

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 5


Tearmann Care Ireland Limited

Notes to the financial statements

For the year ended 31 October 2025

2.Accounting policies (continued)

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements	-	5%	straight line
Motor vehicles	-	20%	straight line
Fixtures and fittings	-	50%	straight line
Computer equipment	-	33%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6


Tearmann Care Ireland Limited

Notes to the financial statements

For the year ended 31 October 2025

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

(a) Recoverability of debtors
Estimates are made in respect of the recoverable value of trade and other debtors. When assessing the level of provisions required, factors including current trading experience, historical experience and the aging profile of debtors are considered.
(b) Useful economic lives of tangible assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on future investments, economic utilisation and the physical condition of the assets.

Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 2).

5.	Tangible fixed assets

	Leasehold improvements	Motor vehicles	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 November 2024	-	-	-	-	-
Additions	73,437	10,000	12,563	1,430	97,430
At 31 October 2025	73,437	10,000	12,563	1,430	97,430
Depreciation
At 1 November 2024	-	-	-	-	-
Charge for the year	615	333	488	378	1,814
At 31 October 2025	615	333	488	378	1,814
At 31 October 2025	72,822	9,667	12,075	1,052	95,616
At 31 October 2024	-	-	-	-	-

Page 7


Tearmann Care Ireland Limited

Notes to the financial statements

For the year ended 31 October 2025

Debtors

					31 October 2025	31 October 2024
					£	£


Amounts owed by group undertakings	238,919	2
Prepayments and accrued income	9,838	-
	248,757	2

7.	Cash and cash equivalents
		31 October 2025	31 October 2024
		£	£

Cash at bank and in hand	116,731	-
	116,731	-

8.	Creditors: Amounts falling due within one year
		31 October 2025	31 October 2024
		£	£

Trade creditors	444	-
Amounts owed to related parties	713,100	-
Other creditors	13,077	-
Accruals and deferred income	10,583	-
	737,204	-

9.	Share capital
		31 October 2025	31 October 2024
		£	£

Allotted, called up and fully paid

2 (2024 - 2) Ordinary shares of £1.00 each	2	2

Page 8


Tearmann Care Ireland Limited

Notes to the financial statements

For the year ended 31 October 2025

10.

Reserves

Profit and loss account

This includes all current and prior period retained profits and losses.

11.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £7,000 (2024: £NIL). The balance outstanding at the year end is £4,667 (2024: £NIL).

Not later than 1 year	22,500	-
Later than 1 year and not later than 5 years	90,000	-
Later than 5 years	333,750	-
	446,250	-

13.

Related party transactions

The Company has availed of the exemption under FRS102 section 33 which does not require disclosure of transactions entered into between any subsidiary undertaking which is wholly owned by a member of that group.
During the year, the Company had net transactions of £713,100 with companies related by virtue of control. At the balance sheet date, the amount owed to these related parties was £713,100 (2024: £NIL).

14.	Controlling party

The immediate parent undertaking is Tearmann Care Holdings Limited, a company incorporated in England and Wales. The Company is ultimately controlled by its directors.

Page 9