Stocks Hall Care Homes Limited Group accounts (Group and Company)

COMPANY REGISTRATION NUMBER: 02174831

STOCKS HALL CARE HOMES LIMITED

FINANCIAL STATEMENTS

31 October 2025

STOCKS HALL CARE HOMES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2025

Contents	Page

Strategic report	1

Directors' report	4

Independent auditor's report to the members	7

Consolidated statement of comprehensive income	11

Consolidated statement of financial position	12

Company statement of financial position	13

Consolidated statement of changes in equity	14

Company statement of changes in equity	15

Consolidated statement of cash flows	16

Notes to the financial statements	17

STOCKS HALL CARE HOMES LIMITED

STRATEGIC REPORT

YEAR ENDED 31 OCTOBER 2025

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

Review of the business

During the year the company continued to be a trading company with a wholly owned subsidiary which make up the group. The company continues to be a high quality care home operator providing various forms of nursing and residential care throughout its homes. The company has a leading reputation for the provision of high quality care in its homes and this, together with offering the highest level of support and care, places the homes as first choice care environments in each community in which they operate. The care sector continues to suffer from shortages in both nurses and care assistants and the recruitment and retention of personnel remains challenging. The company recognises this and continues to invest in recruitment resources in order to recruit and retain personnel and this policy has proved to be successful. In view of this it is currently not the policy of the company to sponsor nurses or carers from overseas due to the significant cost involved. The company continued the use of their care planning system, Care Vision, for its care homes which has proved to be extremely positive with staff who find the system very user friendly. The company is working with Care Vision to constantly improve and develop the system. The new care planning system streamlines the whole process from initial enquiry, pre-admission and the care support plan. The process has created efficiencies whilst still capturing all important information thereby allowing additional time to spend and connect with the residents that are cared for. Carers can input electronic daily notes using icon driven interactions or free text into daily notes all on handheld devices whilst completing care. Care Vision's audit system assists staff to create, implement and maintain all of their audits in one place quickly and easily. The system is straightforward to operate and produces real time reports using the comprehensive audit software. The care plans reflect the service approach to looking at each resident as an individual and tailoring the way in which care is provided in line with choices, wishes and preferences. The company utilises a qualified nurse as an area manager to provide support to managers and nurses with clinical issues at the care homes. She has continued to assist with the management of nursing hours to ensure that these continue to be maintained at a safe level and that staff time is used effectively. In addition the company continues to invest in the development of its staff and provides specialised training programmes in order to maintain high levels of safety, care and comfort for the residents of its homes. The care sector has continued to suffer from significant increases in costs and in particular increases in the National Living Wage, employers National Insurance and general inflationary cost increases. In spite of these increased costs the company has performed well during the year. The directors continue to monitor the operational performance of the business by constantly reviewing the occupancy percentage, staff costs percentage, agency hours and costs per resident together with the results of any internal quality assessment and regulatory inspections. During the year as part of a corporate restructure, the company undertook a demerger, which involved the transfer of fixed assets from the company by way of a distribution in specie of £2,590,984. With effect from 12 September 2025, the company became a wholly owned subsidiary of Stocks Care Home Holdings Limited. In spite of the challenges faced by the care sector the accounting year has yet again proved to be successful.

Results

The group made a pre-tax loss of £3,278,223 (2024: £387,106 profit) for the year from a turnover of £24,607,238 (2024: £23,843,630). At 31 October 2025 the group had net assets of £17,722,482 (2024: £26,185,197).

Principal risks and uncertainties

The principal risks and uncertainties facing the group relate to uncertainties around Government policy and financial funding. In order to minimise the risk of the above to the group, the directors continue to invest significantly in its facilities and employees. Financial risk management: The group addresses risks at periodic board meetings and where relevant seeks to limit the adverse effects on the financial performance of the group. Liquidity risk: The group is funded through its retained earnings and borrowings. The directors regularly carry out cash flow projections to ensure that liquidity risk is minimised and that funds are always available for continuing operations. Credit risk: The group has policies in place to ensure that credit checks are undertaken on all new customers. Credit verification procedures are undertaken on all customers who require credit terms and outstanding balances are reviewed constantly to mitigate credit risk exposure. Provision is made for doubtful debts where necessary. Foreign exchange risk: The group is not exposed to any significant foreign exchange risk as all invoicing is in sterling.

Performance monitoring

The delivery of the group's strategic objectives is monitored by the directors through Key Performance Indicators and the periodic review of various aspects of the group's operations. The directors consider the following Key Performance Indicators as appropriate measures for the delivery of the group's strategy. Financial Definition Sales Revenue Growth in sales revenue and strength of the company's market position. Operating Profit The continued growth of operating profits which allows the company to continue to invest in its facilities

Directors' statement of compliance with duty to promote the success of the company

Under section 172 of the Companies Act 2006 the directors of the company are required to act in a way which promotes the long term success of the company and considers the interest of the company's stakeholders. The directors of the company have at all times acted in the way that they considered, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole, and in doing so have regard (amongst other matters) to: - the likely consequences of any decision in the long term; - the interests of the company's employees; - the need to foster the company's business relationships with suppliers, customers and others; - the impact of the company's operations on the community and the environment; - the desirability of the company maintaining a reputation for high standards of business conduct; - the need to act fairly between members of the company. The directors of the company meet on a regular basis and make decisions that they consider promote the success of the company and are in the best interests of the members as a whole. The key stakeholders of the company are its employees, suppliers, residents and members. Our employees are key to the success of the business and are provided with good working conditions and extensive training. Relationships with our suppliers are very important to us. We have developed strong relationships with these suppliers over many years. We aim to provide our residents with the highest quality of care in safe and comfortable environments. To maintain this, we continue to invest in both our homes and employee training. We always aim to conduct our business with the utmost integrity.

This report was approved by the board of directors on 31 July 2026 and signed on behalf of the board by:

S. E. Lace

Director

Registered office:

Stocks House

50c White Moss Road

Skelmersdale

England

WN8 8BL

STOCKS HALL CARE HOMES LIMITED

DIRECTORS' REPORT

YEAR ENDED 31 OCTOBER 2025

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

Principal activities

The company's principal activities continue to be the operation of residential and nursing home facilities and a domiciliary care agency. The company's principal activities continue to be the operation of residential and nursing home facilities and a domiciliary care agency. The principal activity of its subsidiaries is of the construction and maintenance of care homes.

Directors

The directors who served the company during the year were as follows:

S. H. Lace
S. E. Lace
G. B. T. Jones

Dividends

Particulars of recommended dividends are detailed in note 14 to the financial statements.

Future developments

The directors intend to continue with their programme of investment in facilities and staff training in order to continue to provide the highest level of care and living accommodation available to its residents.

Greenhouse gas emissions and energy consumption

	Unit	2025	2024
Emissions resulting from activities for which the group is responsible	tCO2e	469	718
Emissions resulting from the purchase of electricity by the group for its own use	tCO2e	194	224
		----	----
Total emissions	tCO2e	663	942
Total energy consumption	kWh	3,657,096	4,624,585
Tonnes CO2e per resident(based on average of 284 (2024:285) residents)		2.33	3.31
		------------	------------

Methodologies for energy and emissions calculations

We have undertaken an energy assessment at each of our care homes and have implemented the recommendations from the report.

Principal measures taken to increase energy efficiency

We have used the conversion factors issued by the Department for Business, Energy and Industrial Strategy in order to derive the emissions data in metric tonnes CO2e.

Employment of disabled persons

Applications for employment by disabled persons are always fully considered, bearing in mind the respective aptitudes and abilities of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment with the company continues and the appropriate training is arranged. It is the policy of the group that the training, career development and promotion of a disabled person should, as far as possible, be identical to that of a person who does not suffer from a disability.

Employee involvement

Regular communications with employees has continued at all levels, with the aim of ensuring that views are taken into account when decisions are made that are likely to affect their interests.

Financial instruments

The directors consider that the group only has limited exposure to the various aspects of financial risk and it does not enter into currency hedging contracts as there is no requirement for this within its trade. The group's revenue is invoiced in sterling and all its operational costs arise within the United Kingdom.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, 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 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 group and the company and the profit or loss of the group for that period. In preparing these 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 UK Accounting Standards 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. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the group and the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the group and the company's auditor is aware of that information. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

This report was approved by the board of directors on 31 July 2026 and signed on behalf of the board by:

S. E. Lace

Director

Registered office:

Stocks House

50c White Moss Road

Skelmersdale

England

WN8 8BL

STOCKS HALL CARE HOMES LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF STOCKS HALL CARE HOMES LIMITED

YEAR ENDED 31 OCTOBER 2025

Opinion

We have audited the financial statements of Stocks Hall Care Homes Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 October 2025 which comprise the consolidated statement of comprehensive income, consolidated statement of financial position, company statement of financial position, consolidated statement of changes in equity, company statement of changes in equity, consolidated statement of cash flows 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, including FRS 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 group's and of the parent company's affairs as at 31 October 2025 and of the group's loss for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - 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 group 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 group's or the parent company's ability to continue as a going concern for a period of at least twelve 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. 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.

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 the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the 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 the knowledge and understanding of the group and the parent 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or - the parent company 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 directors' responsibilities statement, 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 group's and the parent 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 group or the parent 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 the audit was considered capable of detecting irregularities, including fraud Irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit. In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit. However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team: - obtained an understanding of the nature of the industry and sector, including the legal and regulatory framework that the company operates in and how the company is complying with the legal and regulatory framework; - inquired of management and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud; - discussed matters about non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud. As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102 and the Companies Act 2006. We performed audit procedures to detect non-compliances which may have a material impact on the financial statements which included reviewing financial statement disclosures. The audit engagement team identified the risk of management override of controls and revenue recognition as the areas where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were not limited to testing manual journal entries and other adjustments and evaluating the business rationale in relation to significant, unusual transactions and transactions entered into outside the normal course of business and testing a sample of revenue transactions recorded in the year to determine whether revenue had been recorded correctly. A further description of our responsibilities for the audit of the financial statements is located 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.

Fraser Wolff FCCA

(Senior Statutory Auditor)

For and on behalf of

Edwards Veeder LLP

Chartered Accountants & Statutory Auditor

Alex House

260-268 Chapel Street

Salford

M3 5JZ

31 July 2026

STOCKS HALL CARE HOMES LIMITED

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

YEAR ENDED 31 OCTOBER 2025

		2025	2024
Note		£	£
Turnover	4	24,607,238	23,843,630

Cost of sales	18,938,186	18,732,483
	-------------	-------------
Gross profit	5,669,052	5,111,147

Administrative expenses		4,159,641	4,056,305
Other operating income	5	24,624	32,181
		------------	------------
Operating profit	6	1,534,035	1,087,023

Other interest receivable and similar income	10	10,410	9,827
Exceptional items	11	4,210,442	–
Interest payable and similar expenses	12	612,226	709,744
		------------	------------
(Loss)/profit before taxation		( 3,278,223)	387,106

Tax on (loss)/profit	13	402,245	299,048
		------------	---------
(Loss)/profit for the financial year		( 3,680,468)	88,058
		------------	---------

Tax relating to components of other comprehensive income	( 1,999,263)	–
	------------	--------
Total comprehensive income for the year	( 5,679,731)	88,058
	------------	--------

All the activities of the group are from continuing operations.

STOCKS HALL CARE HOMES LIMITED

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

31 October 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	16		28,012,175	31,270,277

Current assets

Stocks	18	39,875	138,470
Debtors	19	2,638,923	6,925,879
Cash at bank and in hand		307,607	116,501
		------------	------------
		2,986,405	7,180,850

Creditors: amounts falling due within one year	21	6,379,381		3,558,998
		------------		------------
Net current (liabilities)/assets			( 3,392,976)	3,621,852
			-------------	-------------
Total assets less current liabilities			24,619,199	34,892,129

Creditors: amounts falling due after more than one year	22		4,789,042	8,588,253

Provisions

Taxation including deferred tax	23	2,107,675	118,679
		-------------	-------------
Net assets		17,722,482	26,185,197
		-------------	-------------

Capital and reserves

Called up share capital	26	200	200
Revaluation reserve	27	14,387,409	18,330,226
Profit and loss account	27	3,334,873	7,854,771
		-------------	-------------
Shareholders funds		17,722,482	26,185,197
		-------------	-------------

These financial statements were approved by the board of directors and authorised for issue on 31 July 2026 , and are signed on behalf of the board by:

S. E. Lace	G. B. T. Jones
Director	Director

Company registration number: 02174831

STOCKS HALL CARE HOMES LIMITED

COMPANY STATEMENT OF FINANCIAL POSITION

31 October 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	16	27,972,577	31,081,632
Investments	17	100	100
		-------------	-------------
		27,972,677	31,081,732

Current assets

Stocks	18	39,875	36,425
Debtors	19	2,626,018	6,906,267
Cash at bank and in hand		307,607	116,501
		------------	------------
		2,973,500	7,059,193

Creditors: amounts falling due within one year	21	6,279,887		3,288,148
		------------		------------
Net current (liabilities)/assets			( 3,306,387)	3,771,045
			-------------	-------------
Total assets less current liabilities			24,666,290	34,852,777

Creditors: amounts falling due after more than one year	22		4,789,042	8,588,253

Provisions

Taxation including deferred tax	23	2,100,905	109,834
		-------------	-------------
Net assets		17,776,343	26,154,690
		-------------	-------------

Capital and reserves

Called up share capital	26	200	200
Revaluation reserve	27	14,387,409	18,330,226
Profit and loss account	27	3,388,734	7,824,264
		-------------	-------------
Shareholders funds		17,776,343	26,154,690
		-------------	-------------

The loss for the financial year of the parent company was £ 3,596,100 (2024: £ 167,288 profit).

These financial statements were approved by the board of directors and authorised for issue on 31 July 2026 , and are signed on behalf of the board by:

S. E. Lace	G. B. T. Jones
Director	Director

Company registration number: 02174831

STOCKS HALL CARE HOMES LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31 OCTOBER 2025

			Called up share capital	Revaluation reserve	Profit and loss account	Total
			£	£	£	£
At 1 November 2023			200	18,330,226	7,958,713	26,289,139

Profit for the year					88,058	88,058
			----	-------------	------------	-------------
Total comprehensive income for the year			–	–	88,058	88,058

Dividends paid and payable		14	–	–	( 192,000)	( 192,000)
			----	-------------	------------	-------------
Total investments by and distributions to owners			–	–	( 192,000)	( 192,000)

At 31 October 2024			200	18,330,226	7,854,771	26,185,197

Loss for the year					( 3,680,468)	( 3,680,468)
Other comprehensive income for the year:
	Reclassification from revaluation reserve to profit and loss account		–	( 1,943,554)	1,943,554	–
	Tax relating to components of other comprehensive income	13	–	( 1,999,263)	–	( 1,999,263)
			----	-------------	------------	-------------
Total comprehensive income for the year			–	( 3,942,817)	( 1,736,914)	( 5,679,731)

Dividends paid and payable		14	–	–	( 2,782,984)	( 2,782,984)
			----	----	------------	------------
Total investments by and distributions to owners			–	–	( 2,782,984)	( 2,782,984)

			----	-------------	------------	-------------
At 31 October 2025			200	14,387,409	3,334,873	17,722,482
			----	-------------	------------	-------------

STOCKS HALL CARE HOMES LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31 OCTOBER 2025

			Called up share capital	Revaluation reserve	Profit and loss account	Total
			£	£	£	£
At 1 November 2023			200	18,330,226	7,848,976	26,179,402

Profit for the year					167,288	167,288
			----	-------------	------------	-------------
Total comprehensive income for the year			–	–	167,288	167,288

Dividends paid and payable		14	–	–	( 192,000)	( 192,000)
			----	-------------	------------	-------------
Total investments by and distributions to owners			–	–	( 192,000)	( 192,000)

At 31 October 2024			200	18,330,226	7,824,264	26,154,690

Loss for the year					( 3,596,100)	( 3,596,100)
Other comprehensive income for the year:
	Reclassification from revaluation reserve to profit and loss account		–	( 1,943,554)	1,943,554	–
	Tax relating to components of other comprehensive income	13	–	( 1,999,263)	–	( 1,999,263)
			----	-------------	------------	-------------
Total comprehensive income for the year			–	( 3,942,817)	( 1,652,546)	( 5,595,363)

Dividends paid and payable		14	–	–	( 2,782,984)	( 2,782,984)
			----	----	------------	------------
Total investments by and distributions to owners			–	–	( 2,782,984)	( 2,782,984)

			----	-------------	------------	-------------
At 31 October 2025			200	14,387,409	3,388,734	17,776,343
			----	-------------	------------	-------------

STOCKS HALL CARE HOMES LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS

YEAR ENDED 31 OCTOBER 2025

	2025	2024
Note	£	£

Cash flows from operating activities

(Loss)/profit for the financial year	( 3,680,468)	88,058

Adjustments for:
Depreciation of tangible assets	793,034	809,361
Other interest receivable and similar income	( 10,410)	( 9,827)
Interest payable and similar expenses	612,226	709,744
Loss on disposal of tangible assets	35,529	2,069
Tax on (loss)/profit	402,245	299,048
Accrued expenses	72,106	78,936
Gain on transfer of asset	(3,000)	–

Changes in:
Stocks	98,595	( 37,670)
Trade and other debtors	4,286,956	( 551,205)
Trade and other creditors	( 348,113)	395,895
	------------	------------
Cash generated from operations	2,258,700	1,784,409

Interest paid	( 612,226)	( 709,744)
Interest received	10,410	9,827
Tax paid	( 215,143)	( 361,428)
	------------	------------
Net cash from operating activities	1,441,741	723,064
	------------	------------

Cash flows from investing activities

Purchase of tangible assets	( 498,231)	( 863,874)
Proceeds from sale of tangible assets	339,786	410
	------------	------------
Net cash used in investing activities	( 158,445)	( 863,464)
	------------	------------

Cash flows from financing activities

Proceeds from borrowings	( 853,379)	( 63,411)
Dividends paid	( 192,000)	( 192,000)
	------------	------------
Net cash used in financing activities	( 1,045,379)	( 255,411)
	------------	------------

Net increase/(decrease) in cash and cash equivalents		237,917	( 395,811)
Cash and cash equivalents at beginning of year		(107,205)	288,606
		---------	---------
Cash and cash equivalents at end of year	20	130,712	( 107,205)
		---------	---------

STOCKS HALL CARE HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Stocks House, 50c White Moss Road, Skelmersdale, WN8 8BL, England.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

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 in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102:

(a) Disclosures in respect of each class of share capital have not been presented.

(b) No cash flow statement has been presented for the company.

(c) Disclosures in respect of financial instruments have not been presented.

(d) No disclosure has been given for the aggregate remuneration of key management personnel.

Consolidation

The financial statements consolidate the financial statements of Stocks Hall Care Homes Limited and all of its subsidiary undertakings.

The results of subsidiaries acquired or disposed of during the year are included from or to the date that control passes.

The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not presented its individual profit and loss account.

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. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Valuation of land and buildings: As described in the note 16, the group's freehold properties are stated at market value based on the valuation performed by an independent professional valuer with experience in the location and category of property valued. The valuer used observable market prices adjusted as necessary for any difference in the future, location or condition of the specific asset. The carrying amount of revalued freehold property at 31 October 2025 is £27,502,108 (2024 £30,703,706). Useful life of fixed assets: In making decisions regarding the depreciation of non current assets, management must estimate the useful life of said assets to the business. A change in estimate would result in a change in the depreciation charged to the profit or loss in each year. The carrying amount of depreciation at the end of 31 October 2025 is £4,868,466 (2024 £4,291,155).

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

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

	Goodwill	-	20% straight line

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

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

Depreciation

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

Freehold property	-	2% straight line
Plant and machinery	-	20% reducing balance
Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	25% reducing balance

Tangible assets held under finance lease arrangements are depreciated over the shorter of the lease term and their useful economic life.

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

Stocks

Stocks are measure at the lower of cost and estimated selling price. Work in progress is valued on the basis of direct costs plus attributable overheads and profit based on a normal level of activity. Provisions are made for any foreseeable losses where appropriate.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Provision of care services	24,606,168	23,812,223
Construction services	1,070	31,407
	-------------	-------------
	24,607,238	23,843,630
	-------------	-------------

The whole of the turnover is attributable to the principal activity of the group wholly undertaken in the United Kingdom.

5. Other operating income

	2025	2024
	£	£
Rental income	24,624	32,181
	--------	--------

6. Operating profit

Operating profit or loss is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	793,034	809,361
Loss on disposal of tangible assets	35,529	2,069
	---------	---------

7. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	55,320	51,295
	--------	--------

Fees payable to the company's auditor and its associates for other services:

Other non-audit services	32,670	17,275
	--------	--------

8. Staff costs

The average number of persons employed by the group during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Administration staff	10	11
Carers	713	689
Directors	3	3
Maintenance and construction workers	4	4
	----	----
	730	707
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	16,684,531	16,798,342
Social security costs	1,617,409	1,232,382
Pension costs	247,966	241,332
	-------------	-------------
	18,549,906	18,272,056
	-------------	-------------

9. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	285,250	245,069
	---------	---------

Remuneration of the highest paid director in respect of qualifying services:

	2025	2024
	£	£
Aggregate remuneration	181,303	162,006
	---------	---------

10. Other interest receivable and similar income

	2025	2024
	£	£
Interest on cash and cash equivalents	10,410	9,827
	--------	-------

11. Exceptional items

	2025	2024
	£	£
Provision against outstanding loan	4,210,442	–
	------------	----

12. Interest payable and similar expenses

	2025	2024
	£	£
Interest on banks loans and overdrafts	612,226	709,744
	---------	---------

13. Tax on (loss)/profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	432,705	292,867
Adjustments in respect of prior periods	( 20,193)	( 733)
	---------	---------
Total current tax	412,512	292,134
	---------	---------

Deferred tax:

Origination and reversal of timing differences	( 10,267)	6,914
	---------	---------
Tax on (loss)/profit	402,245	299,048
	---------	---------

Tax recognised as other comprehensive income or equity

The aggregate current and deferred tax relating to items recognised as other comprehensive income or equity for the year was £1,999,263 (2024: £Nil).

Reconciliation of tax expense

The tax assessed on the (loss)/profit on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
(Loss)/profit on ordinary activities before taxation	( 3,278,223)	387,106
	------------	---------
(Loss)/profit on ordinary activities by rate of tax	( 819,556)	96,777
Adjustment to tax charge in respect of prior periods	( 20,193)	3,872
Effect of expenses not deductible for tax purposes	1,068,864	15,914
Effect of capital allowances and depreciation	183,397	160,296
Utilisation of tax losses	–	( 4,605)
Unused tax losses	–	19,880
Origination and reversal of timing differences	( 10,267)	6,914
	------------	---------
Tax on (loss)/profit	402,245	299,048
	------------	---------

14. Dividends

Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):

	2025	2024
	£	£
Dividends on equity shares	2,782,984	192,000
	------------	---------

15. Intangible assets

Group and company	Goodwill
	£
Cost
At 1 November 2024 and 31 October 2025	25,000
	--------
Amortisation
At 1 November 2024 and 31 October 2025	25,000
	--------
Carrying amount
At 1 November 2024 and 31 October 2025	–
	--------
At 31 October 2024	–
	--------

16. Tangible assets

Group	Freehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 November 2024	33,296,032	1,056,887	1,158,219	50,294	35,561,432
Additions	418,792	71,347	8,092	–	498,231
Disposals	( 410,931)	–	–	–	( 410,931)
Transfers	( 2,768,091)	–	–	–	( 2,768,091)
	-------------	------------	------------	--------	-------------
At 31 October 2025	30,535,802	1,128,234	1,166,311	50,294	32,880,641
	-------------	------------	------------	--------	-------------
Depreciation
At 1 November 2024	2,592,326	758,816	911,069	28,944	4,291,155
Charge for the year	657,091	76,697	53,908	5,338	793,034
Disposals	( 35,616)	–	–	–	( 35,616)
Transfers	( 180,107)	–	–	–	( 180,107)
	-------------	------------	------------	--------	-------------
At 31 October 2025	3,033,694	835,513	964,977	34,282	4,868,466
	-------------	------------	------------	--------	-------------
Carrying amount
At 31 October 2025	27,502,108	292,721	201,334	16,012	28,012,175
	-------------	------------	------------	--------	-------------
At 31 October 2024	30,703,706	298,071	247,150	21,350	31,270,277
	-------------	------------	------------	--------	-------------

Company	Freehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 November 2024	33,146,032	779,885	1,158,219	18,194	35,102,330
Additions	418,792	71,347	8,092	–	498,231
Disposals	( 410,931)	–	–	–	( 410,931)
Transfers	( 2,618,091)	–	–	–	( 2,618,091)
	-------------	---------	------------	--------	-------------
At 31 October 2025	30,535,802	851,232	1,166,311	18,194	32,571,539
	-------------	---------	------------	--------	-------------
Depreciation
At 1 November 2024	2,580,326	514,100	911,069	15,203	4,020,698
Charge for the year	657,091	70,240	53,908	748	781,987
Disposals	( 35,616)	–	–	–	( 35,616)
Transfers	( 168,107)	–	–	–	( 168,107)
	-------------	---------	------------	--------	-------------
At 31 October 2025	3,033,694	584,340	964,977	15,951	4,598,962
	-------------	---------	------------	--------	-------------
Carrying amount
At 31 October 2025	27,502,108	266,892	201,334	2,243	27,972,577
	-------------	---------	------------	--------	-------------
At 31 October 2024	30,565,706	265,785	247,150	2,991	31,081,632
	-------------	---------	------------	--------	-------------

Tangible assets held at valuation

The group's freehold property was valued on 31 October 2020 by Knight Frank, an independent valuer, and is based on open market values.

In respect of tangible assets held at valuation, aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

Group	Freehold property
	£
At 31 October 2025
Aggregate cost	16,628,347
Aggregate depreciation	(5,512,911)
	-------------
Carrying value	11,115,436
	-------------

At 31 October 2024
Aggregate cost	21,431,890
Aggregate depreciation	(6,122,078)
	-------------
Carrying value	15,309,812
	-------------

Company	Freehold property
	£
At 31 October 2025
Aggregate cost	16,628,347
Aggregate depreciation	(5,512,911)
	-------------
Carrying value	11,115,436
	-------------

At 31 October 2024
Aggregate cost	20,033,848
Aggregate depreciation	(5,872,760)
	-------------
Carrying value	14,161,088
	-------------

17. Investments

The group has no investments.

Company	Shares in group undertakings
	£
Cost
At 1 November 2024 and 31 October 2025	100
	----
Impairment
At 1 November 2024 and 31 October 2025	–
	----

Carrying amount
At 1 November 2024 and 31 October 2025	100
	----
At 31 October 2024	100
	----

Subsidiaries, associates and other investments

Details of the investments in which the parent company has an interest of 20% or more are as follows:

	Class of share	Percentage of shares held
Subsidiary undertakings
Stocks Hall Care Homes (2) Limited	Ordinary	100

Registered office: Bank House, 260-268 Chapel Street, Salford, M3 5JZ.

The financial statements of Stocks Hall Care Homes (2) Limited are consolidated in these group accounts. The principal activity of the company during the year continued to be the construction and maintenance of care homes.

18. Stocks

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Raw materials and consumables	39,875	36,425	39,875	36,425
Work in progress	–	102,045	–	–
	--------	---------	--------	--------
	39,875	138,470	39,875	36,425
	--------	---------	--------	--------

19. Debtors

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Trade debtors	2,282,044	2,379,461	2,282,032	2,371,891
Prepayments and accrued income	223,819	237,931	210,926	225,889
Other debtors	133,060	4,308,487	133,060	4,308,487
	------------	------------	------------	------------
	2,638,923	6,925,879	2,626,018	6,906,267
	------------	------------	------------	------------

20. Cash and cash equivalents

Cash and cash equivalents comprise the following:

	2025	2024
	£	£
Cash at bank and in hand	307,607	116,501
Bank overdrafts	( 176,895)	( 223,706)
	---------	---------
	130,712	( 107,205)
	---------	---------

21. Creditors: amounts falling due within one year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Bank loans and overdrafts	3,727,663	825,946	3,550,768	602,240
Trade creditors	415,242	566,340	396,250	435,417
Amounts owed to group undertakings	–	–	133,233	135,680
Accruals and deferred income	911,722	839,616	904,124	832,447
Corporation tax	432,705	235,336	432,705	235,336
Social security and other taxes	384,671	540,110	355,429	495,378
Director loan accounts	157	2,853	157	2,853
Other creditors	507,221	548,797	507,221	548,797
	------------	------------	------------	------------
	6,379,381	3,558,998	6,279,887	3,288,148
	------------	------------	------------	------------

22. Creditors: amounts falling due after more than one year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Bank loans and overdrafts	4,789,042	8,588,253	4,789,042	8,588,253
	------------	------------	------------	------------

Included within creditors: amounts falling due after more than one year is an amount of £2,657,477 (2024: £3,019,400) for the group and £2,657,477 (2024: £3,019,400) for the company in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The above relates to loans repayable in monthly instalments over 6 years, 7 years, 16 years and 19 years. The interest rates on the loans are linked to the Bank of England base rate.

23. Provisions

Group	Deferred tax (note 24)
	£
At 1 November 2024	118,679
Additions	1,999,263
Charge against provision	( 10,267)
	------------
At 31 October 2025	2,107,675
	------------

Company	Deferred tax (note 24)
	£
At 1 November 2024	109,834
Additions	1,999,263
Charge against provision	( 8,192)
	------------
At 31 October 2025	2,100,905
	------------

24. Deferred tax

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

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Included in provisions (note 23)	2,107,675	118,679	2,100,905	109,834
	------------	---------	------------	---------

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

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Accelerated capital allowances	108,412	118,679	101,642	109,834
Revaluation of tangible assets	1,999,263	–	1,999,263	–
	------------	---------	------------	---------
	2,107,675	118,679	2,100,905	109,834
	------------	---------	------------	---------

25. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 247,966 (2024: £ 241,332 ).

26. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	10,000	10,000	10,000	10,000
	--------	--------	--------	--------

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	200	200	200	200
	----	----	----	----

27. Reserves

Profit and loss reserve: The profit and loss reserve records retained earnings and accumulated losses. Revaluation reserve: The revaluation reserve records the value of asset revaluations and fair value movements on assets recognised in the statement of comprehensive income.

28. Analysis of changes in net debt

	At 1 Nov 2024	Cash flows	At 31 Oct 2025
	£	£	£
Cash at bank and in hand	116,501	191,106	307,607
Bank overdrafts	(223,706)	46,811	(176,895)
Debt due within one year	(605,093)	(2,945,832)	(3,550,925)
Debt due after one year	(8,588,253)	3,799,211	(4,789,042)
	------------	------------	------------
	( 9,300,551)	1,091,296	( 8,209,255)
	------------	------------	------------

29. Operating leases

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

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Not later than 1 year	11,566	8,323	11,566	8,323
Later than 1 year and not later than 5 years	42,407	2,475	42,407	2,475
	--------	--------	--------	--------
	53,973	10,798	53,973	10,798
	--------	--------	--------	--------

30. Directors' advances, credits and guarantees

At 31 October 2025 the company is owed £5,222 (2024: £Nil) from a director. No interest has been charged from the company in respect of the loan which is repayable on demand and is classified under other debtors. At 31 October 2025 the company owed £157 (2024: £2,853) to its directors. No interest has been charged to the company in respect of the loan which is repayable on demand and is classified under creditors falling due within one year.

31. Related party transactions

Group

During the year, the group had transactions with a company connected by common ownership: - Sale of goods £70 (2024: £24,975) - Recharge of utilities £86,383 (2024: £73,438) At 31 October 2025 the group was owed £4,338,280 (2024: £4,308,487) by the above company. No interest has been charged to the group in respect of this loan which is repayable on demand. A provision of £4,210,442 has been made during the year against the balance above. During the year, dividends of £120,000 (2024: £144,000) were paid to its directors.

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the company. The total compensation paid to key management personnel for services provided to the group was £ 285,250 (2024: £ 245,069 ).

STOCKS HALL CARE HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 OCTOBER 2025

31. Related party transactions (continued)

Company

During the year, the company had transactions with a company connected by common ownership: - Recharge of utilities: £86,383 (2024: £73,438) At 31 October 2025 the company was owed £4,338,280 (2024: £4,308,487) by the above company. No interest has been charged to the company in respect of this loan which is repayable on demand. A provision of £4,210,442 has been made during the year against the balance above. During the year, dividends of £120,000 (2024: £144,000) were paid to its directors.

32. Controlling party

During the year the company became a wholly owned subsidiary of Stocks Care Home Holdings Limited, a company incorporated in the United Kingdom and registered in England and Wales. Stocks Care Home Holdings Limited is the immediate parent company. The directors consider that there is no ultimate controlling party of the company.