Littlefair Care Home Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Littlefair Care Home Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09598613 . The registered office is Routh, Charlwood Road, Horley, RH6 0AJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.2. Going Concern Disclosure

The directors believe that the going concern basis of accounting is not appropriate due to a sale of trade and assets which occurred within the year. Therefore, the financial statements have been prepared on a basis of accounting other than that of a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.The fair value of consideration takes into account trade discounts, settlment discounts and volume rebates.

Rendering of services

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% straight line on property improvements
Plant & Machinery	18% - 33% reducing balance
Fixtures & Fittings	15% straight line
Computer Equipment	25% straight line

2.5. Leasing and Hire Purchase Contracts

Rentals payable under operating leases are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits for the leases asset are consumed.

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Littlefair Care Home Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.6. Financial Instruments

The company has elected to apply the provisionf of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues' of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, including trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.7. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

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

2.8. Pensions

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

2.9. Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

2.10. Employee benefits

The cost of short-term employee benefits are recognised as a liability and as an espense.

2.11. Retirement benefits

Payments to defined contribution schemes are charged as an expense as they fall due.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 51 (2024: 55)

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Littlefair Care Home Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 November 2024	2,038,324	281,697	19,666	9,605	2,349,292
Additions	-	924	-	-	924
Disposals	(2,038,324 )	(282,621 )	(19,666 )	(9,605 )	(2,350,216 )

As at 31 October 2025	-	-	-	-	-

Depreciation
As at 1 November 2024	16,390	234,551	17,209	8,044	276,194
Provided during the period	3,784	9,285	650	501	14,220
Disposals	(20,174 )	(243,836 )	(17,859 )	(8,545 )	(290,414 )

As at 31 October 2025	-	-	-	-	-

Net Book Value
As at 31 October 2025	-	-	-	-	-

As at 1 November 2024	2,021,934	47,146	2,457	1,561	2,073,098

5. Debtors

	2025	2024 as restated
	£	£
Due within one year
Trade debtors	3,540	61,084
Other debtors	132,474	87,175

	136,014	148,259

6. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Trade creditors	56,074	80,325
Bank loans and overdrafts	-	581,986
Other creditors	309,028	349,597
Taxation and social security	90,753	126,813

	455,855	1,138,721

7. Share Capital

	2025	2024 as restated
	£	£
Allotted, Called up and fully paid	100	100

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Littlefair Care Home Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

8. Contingent Liabilities

The company has a claim from a former employee concering unfair dismissal. Management have taken legal advice and have attempted to understand the costings of the claim however no detailed amounts have been provided from the court and it is currently being counter-argued in court and a remedy hearing in 2026. As the amount cannot be measured reliably and there is a possibilty that the claim is over-turned, management have disclosed details regarding the contingent liablity in the notes to the financial statements.

The company has a claim from a third party who has won an employment tribunal after a dismissal. The director has decided not to provide for any monetary amount as they believe there were material elements of the case which were omitted and hence it is being challenged at court. The financial impact of the claim is unknown at the reporting date and therefore as any potential award has not been recognised for.

9. Other Commitments

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

	2025	2024 as restated
	£	£
Not later than one year	-	2,621

	-	2,621

10. Related Party Transactions

At the balance sheet date, the company owed £80,836 (2024: £235,134 - As restated) to the director and this is considered repayable on demand and accrues no interest.

11. Prior period error

During the year, the directors identified that a bank account had been omitted from the accounting records since its inception.

The comparative figures have therefore been restated to include the transactions and balances relating to this account. The effect of the adjustment was to increase cash at bank by £50, reduce other creditors by £54,186, increase taxation and social security by £10,305 and increase retained earnings by £43,932.

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		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		2,073,098

			-		2,073,098
CURRENT ASSETS
Debtors	5	136,014		148,259
Cash at bank and in hand		1,885,840		44,809

		2,021,854		193,068
Creditors: Amounts Falling Due Within One Year	6	(455,855 )		(1,138,721 )

NET CURRENT ASSETS (LIABILITIES)			1,565,999		(945,653 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,565,999		1,127,445

NET ASSETS			1,565,999		1,127,445

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			1,565,899		1,127,345

SHAREHOLDERS' FUNDS			1,565,999		1,127,445