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Registered number: 16049164
Senior Home Care Group Holdings Limited
Annual Report and Financial Statements
For the Period Ended 31 October 2025
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Senior Home Care Group Holdings Limited
Company Information
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Senior Home Care Group Holdings Limited
Contents
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Independent Auditor's Report
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Consolidated Statement of Comprehensive Income
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Consolidated Balance Sheet
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Consolidated Statement of Changes in Equity
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Company Statement of Changes in Equity
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Consolidated Statement of Cash Flows
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Notes to the Financial Statements
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Senior Home Care Group Holdings Limited
Group Strategic Report
For the Period Ended 31 October 2025
The directors present their Strategic Report for the period ending 31 October 2025.
The business is committed to delivering exceptional care standards, reflected in our regulatory ratings Good in all regulated agencies.
∙Agencies: Senior Homecare Group acquired Future Care Community Services Limited in Fulbourne, Cambridge in December 2024, Home Straight Partnership Limited in Oakham, Rutland in March 2025 and City Care Services Limited in Great Shelford, Cambridge in July 2025.
∙Other businesses: The Group began building work on a daycare service in Letchworth Garden City, Hertfordshire trading as Heritage Lounge which opened in December 2025. The Group also began an introductory care service trading as My Life My Care.
∙Central team: During the period, the Group started its central team recruitment by adding a Head of Sales, Director of Care, CFO and New Business Developer. Post period end the Group has added a Head of Compliance, Recruitment Manager and further Director of Care for new business. The Group has consolidated office agency staff.
∙Recruitment & Retention: Carer recruitment and retention remain core to our operating model. We continue to invest in competitive pay and streamlined training programs to maintain workforce quality and operational readiness.
∙Sector Pressures: Inflationary pressures—specifically statutory wage increases (such as National Living Wage increases) and National Insurance costs—continue to impact service delivery costs. The business continuously focuses on operational efficiencies to manage these cost pressures while maintaining value for clients.
Principal risks and uncertainties
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Operational & Compliance Risk:
∙Care Quality & Regulation: Maintaining high standards within the regulatory framework, including the CQC, HSE and ICO, is essential for us. A decline in care quality poses a serious reputational and operational risk. To prevent this, we apply structured internal audits, mandatory training, regular quality assurance feedback, and focused governance groups that monitor performance and drive continuous improvement.
∙Recruitment: Sector-wide recruitment challenges are managed by offering competitive remuneration, competitive pay and benefits, and comprehensive support mechanisms.
Economic & Financial Risk:
∙Macroeconomic & Cost Inflation: High wage inflation and general economic volatility directly impact margins. The company mitigates this through disciplined commercial pricing, ongoing efficiency reviews and cash flow management.
∙Liquidity & Credit Risk: Credit control processes and periodic cash flow forecasting ensure working capital stability. Intercompany funding facilities and parent-group guarantees are maintained to absorb routine operational cash fluctuations.
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Senior Home Care Group Holdings Limited
Group Strategic Report (continued)
For the Period Ended 31 October 2025
Financial key performance indicators
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The board monitors the performance of the business using a series of financial key performance indicators:
Revenue & Margin:
Performance reflects a new start-up with market pressures within the branches.
Cost Base:
Central team recruitment added to the cost base, which will enable scalable growth in the coming years. Agency operational costs have been restricted as necessary and streamlined to make use of synergies across the Group.
Although the Group was loss-making in the year these costs serve as a base for future investment and growth. The Group forecasts that it will break even excluding the new businesses in the coming year.
This report was approved by the board and signed on its behalf.
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Senior Home Care Group Holdings Limited
Directors' Report
For the Period Ended 31 October 2025
The directors present their report and the financial statements for the period ended 31 October 2025.
Directors' responsibilities statement
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The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 the Group and of the profit or loss of the Group for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group 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 the Group and to 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 the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The principal activity of the Group is the provision of high-quality live-in and domiciliary care services, day care services and introductory care services.
The loss for the period, after taxation, amounted to £1,231,275.
No dividend was paid in the year.
The directors who served during the period were:
B R Evans (appointed 31 March 2025)
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K A Fox (appointed 9 December 2024)
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D Gasparro (appointed 29 October 2024)
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D S Kennedy (appointed 9 December 2024)
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S Beale (appointed 29 October 2024, resigned 31 March 2025)
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The group is focused on driving growth across both live-in and visiting care segments through:
∙Organic Growth: The Group is focused on growing domiciliary and live-in care in our 3 acquired businesses.
∙Strategic Acquisitions: The Group has 1 further planned acquisition in the summer of 2026.
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Senior Home Care Group Holdings Limited
Directors' Report (continued)
For the Period Ended 31 October 2025
Disclosure of information to auditor
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Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
∙so far as the director is aware, there is no relevant audit information of which the Company and the Group's auditor is unaware, and
∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditor is aware of that information.
The auditor, Kreston Reeves Audit LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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Senior Home Care Group Holdings Limited
Independent Auditor's Report to the Members of Senior Home Care Group Holdings Limited
We have audited the financial statements of Senior Home Care Group Holdings Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the period ended 31 October 2025, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity 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 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 Group's and of the Parent Company's affairs as at 31 October 2025 and of the Group's loss for the period 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.
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 United Kingdom, including the Financial Reporting Council'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
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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.
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Senior Home Care Group Holdings Limited
Independent Auditor's Report to the Members of Senior Home Care Group Holdings Limited (continued)
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 contained within the Annual Report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.
Opinion on other matters prescribed by the Companies Act 2006
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In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group Strategic Report and the Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
∙the Group 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
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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 Group 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
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As explained more fully in the Directors' Responsibilities Statement 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 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.
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Senior Home Care Group Holdings Limited
Independent Auditor's Report to the Members of Senior Home Care Group Holdings Limited (continued)
Auditor's responsibilities for the audit of the financial statements
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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 Group financial statements.
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:
Capability of the audit in detecting irregularities, including fraud
Based on our understanding of the company and industry, and through discussion with the directors and other management (as required by auditing standards), we identified that the principal risks of non-compliance with laws and regulations related to health and safety, and employment law. We considered the extent to which noncompliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and taxation legislation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditure, and management bias in accounting estimates and judgemental areas of the financial statements. Audit procedures performed by the engagement team included:
∙Discussions with management and assessment of known suspected instances of non-compliance with laws and regulations (including health and safety) and fraud; and
∙Assessment of identified fraud risk factors; and
∙Conducting interviews with appropriate personnel to gain further insight into the control systems implemented, and the risk of irregularity; and
∙Testing of internal controls procedures relating to expenditure potentially more susceptible to fraud and other irregularities including cash, payroll and credit card expenditure; and
∙Confirmation of related parties with management, and review of transactions throughout the period to identify any previously undisclosed transactions with related parties outside the normal course of business; and
∙Performing analytical procedures with automated data analytics tools to identify any unusual or unexpected relationships, including related party transactions, that may indicate risks of material misstatement due to fraud; and
∙Review of significant and unusual transactions and evaluation of the underlying financial rationale supporting the transactions; and
∙Identifying and testing journal entries, in particular any manual entries made at the year-end for financial statement preparation.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
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Senior Home Care Group Holdings Limited
Independent Auditor's Report to the Members of Senior Home Care Group Holdings Limited (continued)
As part of an audit in accordance with ISAs (UK), we exercise professional judgement 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 of the effectiveness of the Company's internal control.
∙Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.
∙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.
∙Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the Group audit. We remain solely responsible for our audit opinion.
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.
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.
Allan Pinner FCCA (Senior Statutory Auditor)
for and on behalf of
Kreston Reeves Audit LLP
Statutory Auditor
Horsham
31 July 2026
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Senior Home Care Group Holdings Limited
Consolidated Statement of Comprehensive Income
For the Period Ended 31 October 2025
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Interest receivable and similar income
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Interest payable and similar expenses
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(Loss)/profit for the financial period
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There was no other comprehensive income for 2025.
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The notes on pages 15 to 32 form part of these financial statements.
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Senior Home Care Group Holdings Limited
Registered number: 16049164
Consolidated Balance Sheet
As at 31 October 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Provisions for liabilities
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The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 15 to 32 form part of these financial statements.
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Senior Home Care Group Holdings Limited
Registered number: 16049164
Company Balance Sheet
As at 31 October 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Profit and loss account carried forward
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The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 15 to 32 form part of these financial statements.
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Senior Home Care Group Holdings Limited
Consolidated Statement of Changes in Equity
For the Period Ended 31 October 2025
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Shares issued during the period
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The notes on pages 15 to 32 form part of these financial statements.
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Senior Home Care Group Holdings Limited
Company Statement of Changes in Equity
For the Period Ended 31 October 2025
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Shares issued during the period
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The notes on pages 15 to 32 form part of these financial statements.
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Senior Home Care Group Holdings Limited
Consolidated Statement of Cash Flows
For the Period Ended 31 October 2025
Cash flows from operating activities
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Loss for the financial period
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Amortisation of intangible assets
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Depreciation of tangible assets
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Corporation tax (paid)/received
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Net cash generated from operating activities
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Cash flows from investing activities
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Purchase of intangible fixed assets
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Purchase of tangible fixed assets
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Net cash from investing activities
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Cash flows from financing activities
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Net cash used in financing activities
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Net increase in cash and cash equivalents
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Cash and cash equivalents at the end of period
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Cash and cash equivalents at the end of period comprise:
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Senior Home Care Group Holdings Limited
Notes to the Financial Statements
For the Period Ended 31 October 2025
Senior Home Care Group Holdings Limited is a private company limited by shares and registered in England and Wales (Registered number: 16049164). The address of its registered office is 36 Upper Brook Street, London, England, W1K 7QJ.
The company was incorporated on 28 October 2024.
2.Accounting policies
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Basis of preparation of financial statements
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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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgement in applying the Group's accounting policies.
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Group has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.
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Senior Home Care Group Holdings Limited
Notes to the Financial Statements
For the Period Ended 31 October 2025
2.Accounting policies (continued)
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of revenue can be measured reliably;
∙it is probable that the Group will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
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Operating leases: the Group as lessee
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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.
Interest income is recognised in profit or loss using the effective interest method.
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.
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
Defined contribution pension plan
The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group 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 Balance Sheet. The assets of the plan are held separately from the Group in independently administered funds.
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Senior Home Care Group Holdings Limited
Notes to the Financial Statements
For the Period Ended 31 October 2025
2.Accounting policies (continued)
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Current and deferred taxation
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The tax expense for the period comprises current and deferred tax. 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 balance sheet date in the countries where the Company and the Group operate and generate income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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;
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.
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 balance sheet date.
Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated Statement of Comprehensive Income over its useful economic life.
Other intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
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Senior Home Care Group Holdings Limited
Notes to the Financial Statements
For the Period Ended 31 October 2025
2.Accounting policies (continued)
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.
The estimated useful lives range as follows:
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Long-term leasehold property
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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.
Investments in subsidiaries are measured at cost less accumulated impairment.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
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.
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Cash and cash equivalents
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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.
In the Consolidated Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.
Page 18
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Senior Home Care Group Holdings Limited
Notes to the Financial Statements
For the Period Ended 31 October 2025
2.Accounting policies (continued)
Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
The whole of the turnover is attributable to the provision of live-in and domiciliary care services.
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All turnover arose within the United Kingdom.
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The operating (loss)/profit is stated after charging:
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Other operating lease rentals
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During the period, the Group obtained the following services from the Company's auditor:
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Fees payable to the Company's auditor for the audit of the consolidated and parent Company's financial statements
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Fees payable to the Company's auditors and their associates in respect of:
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All non-audit services not included above
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Page 19
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Senior Home Care Group Holdings Limited
Notes to the Financial Statements
For the Period Ended 31 October 2025
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Staff costs, including directors' remuneration, were as follows:
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Cost of defined contribution scheme
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The average monthly number of employees, including the directors, during the period was as follows:
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Group contributions to defined contribution pension schemes
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During the period retirement benefits were accruing to 2 directors in respect of defined contribution pension schemes.
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The highest paid director received remuneration of £168,959.
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The value of the Group's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £3,290.
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Other interest receivable
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Page 20
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Senior Home Care Group Holdings Limited
Notes to the Financial Statements
For the Period Ended 31 October 2025
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Interest payable and similar expenses
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Other loan interest payable
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Current tax on profits for the year
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Origination and reversal of timing differences
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Factors affecting tax charge for the period
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The tax assessed for the period is higher than the standard rate of corporation tax in the UK of 25%. The differences are explained below:
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(Loss)/profit on ordinary activities before tax
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(Loss)/profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25%
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Non-tax deductible amortisation of goodwill and impairment
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Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
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Capital allowances for period in excess of depreciation
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Unrelieved tax losses carried forward
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Other differences leading to an increase (decrease) in the tax charge
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Total tax charge for the period
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Page 21
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Senior Home Care Group Holdings Limited
Notes to the Financial Statements
For the Period Ended 31 October 2025
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On acquisition of subsidiaries
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Long-term leasehold property
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Acquisition of subsidiary
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Page 22
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Senior Home Care Group Holdings Limited
Notes to the Financial Statements
For the Period Ended 31 October 2025
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Investments in subsidiary companies
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Direct subsidiary undertaking
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The following was a direct subsidiary undertaking of the Company:
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Senior Home Care Group Midco Limited
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36 Upper Brook Street, London, England, W1K 7QJ
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The aggregate of the share capital and reserves as at 31 October 2025 and the profit or loss for the period ended on that date for the subsidiary undertaking were as follows:
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Aggregate of share capital and reserves
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Senior Home Care Group Midco Limited
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Page 23
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Senior Home Care Group Holdings Limited
Notes to the Financial Statements
For the Period Ended 31 October 2025
|
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Indirect subsidiary undertakings
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The following were indirect subsidiary undertakings of the Company:
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Senior Home Care Group Limited
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36 Upper Brook Street, London, England, W1K 7QJ
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Home Straight Partnership Ltd
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Unit 16a Oakham Enterprise Park, Ashwell Road, Oakham, Rutland, England, LE15 7TU
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City Care Services Limited
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Kingfisher House 7 High Green, Great Shelford, Cambridge, CB22 5EG
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Future Community Care Solutions Ltd
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Unit 2 The Old Coach House Church Lane, Fulbourn, Cambridge, Cambridgeshire, CB21 5EP
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36 Upper Brook Street, London, England, W1K 7QJ
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36 Upper Brook Street, London, England, W1K 7QJ
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HL Daycare Letchworth Limited
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36 Upper Brook Street, London, England, W1K 7QJ
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The aggregate of the share capital and reserves as at 31 October 2025 and the profit or loss for the period ended on that date for the subsidiary undertakings were as follows:
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Aggregate of share capital and reserves
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Senior Home Care Group Limited
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Home Straight Partnership Limited
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City Care Services Limited
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Future Community Care Solutions Limited
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HL Daycare Letchworth Limited
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Page 24
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Senior Home Care Group Holdings Limited
Notes to the Financial Statements
For the Period Ended 31 October 2025
|
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Finished goods and goods for resale
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The difference between purchase price or production cost of stocks and their replacement cost is not material.
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Amounts owed by group undertakings
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Prepayments and accrued income
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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Page 25
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Senior Home Care Group Holdings Limited
Notes to the Financial Statements
For the Period Ended 31 October 2025
|
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Creditors: Amounts falling due after more than one year
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The loans are secured by fixed and floating charges over the assets of the group and are subject to interest at 10% per annum.
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Analysis of the maturity of loans is given below:
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Amounts falling due after more than 5 years
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Charged to profit or loss
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Arising on business combinations
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Accelerated capital allowances
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Page 26
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Senior Home Care Group Holdings Limited
Notes to the Financial Statements
For the Period Ended 31 October 2025
|
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Allotted, called up and fully paid
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2,223,629 Ordinary A shares of £0.000001 each
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2,656 Ordinary 1 shares of £0.010000 each
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600 Ordinary 2 shares of £0.010000 each
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On incorporation the company issued 1 Ordinary share with a nominal value of £0.01 at par.
On 9 December 2024 the company issued 949,250 Ordinary A shares each with a nominal value of £0.000001. £1 was paid up for each of these shares. The company also issued 2,655 Ordinary 1 shares each with a value of £0.01. £1 was paid up for each of these shares. The company was issued 600 Ordinary 2 shares each with a nominal value of £0.01. £1.66 was paid up for each of these shares.
On 11 December 2024 the Ordinary share issued on incorporation was redesignated to a Ordinary 1 class of share.
On 28 March 2025 the company issued 174,850 Ordinary A shares each with a nominal value of £0.000001. £1 was paid up for each of these shares.
On 24 July 2025 the company issued 50,000 Ordinary A shares each with a nominal value of £0.000001. £1 was paid up for each of these shares.
On 30 July 2025 the company issued 495,029 Ordinary A shares each with a nominal value of £0.000001.
On 14 August 2025 the company issued 204,500 Ordinary A shares each with a nominal value of £0.000001. £1 was paid up for each of these shares.
On 2 October 2025 the company issued 350,000 Ordinary A shares each with a nominal value of £0.000001. £1 was paid up for each of these shares.
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Acquisition and disposal of subsidiaries
|
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Page 27
|
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Senior Home Care Group Holdings Limited
Notes to the Financial Statements
For the Period Ended 31 October 2025
|
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Acquisition of Home Straight Partnership Limited
On 28 March 2025 Senior Home Care Group Holdings Limited acquired 100% of the share capital in Home Straight Partnership Limited.
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Recognised amounts of identifiable assets acquired and liabilities assumed
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Total Identifiable net assets
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|
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Total purchase consideration
|
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Directly attributable costs
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Total purchase consideration
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Page 28
|
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Senior Home Care Group Holdings Limited
Notes to the Financial Statements
For the Period Ended 31 October 2025
23.Business combinations (continued)
|
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Cash outflow on acquisition
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Purchase consideration settled in cash, as above
|
|
|
|
Directly attributable costs
|
|
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|
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Less: Cash and cash equivalents acquired
|
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Net cash outflow on acquisition
|
|
|
|
Acquisition of City Care Services Limited
On 31 July 2025 Senior Home Care Group Holdings Limited acquired 100% of the share capital in City Care Services Limited.
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Recognised amounts of identifiable assets acquired and liabilities assumed
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|
|
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|
|
|
Total Identifiable net assets
|
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|
|
|
|
|
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Total purchase consideration
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Page 29
|
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Senior Home Care Group Holdings Limited
Notes to the Financial Statements
For the Period Ended 31 October 2025
23.Business combinations (continued)
|
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Directly attributable costs
|
|
|
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Total purchase consideration
|
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|
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Cash outflow on acquisition
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchase consideration settled in cash, as above
|
|
|
|
Directly attributable costs
|
|
|
|
|
|
|
|
Less: Cash and cash equivalents acquired
|
|
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Net cash outflow on acquisition
|
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|
|
Acquisition of Future Community Care Solutions Limited
On 9 December 2024 Senior Home Care Group Holdings Limited acquired 100% of the share capital in Future Community Care Solutions Limited.
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Recognised amounts of identifiable assets acquired and liabilities assumed
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Total Identifiable net assets
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Total purchase consideration
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Page 30
|
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Senior Home Care Group Holdings Limited
Notes to the Financial Statements
For the Period Ended 31 October 2025
23.Business combinations (continued)
|
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|
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Directly attributable costs
|
|
|
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Total purchase consideration
|
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|
|
Cash outflow on acquisition
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchase consideration settled in cash, as above
|
|
|
|
Directly attributable costs
|
|
|
|
|
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|
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Less: Cash and cash equivalents acquired
|
|
|
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Net cash outflow on acquisition
|
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There were no differences between the book values of the assets and liabilities acquired and their fair values.
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At 31 October 2025 the Group had capital commitments as follows:
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Contracted for but not provided in these financial statements
|
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The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £49,393. Contributions totalling £18,752 were payable to the fund at the balance sheet date and are included in creditors.
Page 31
|
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Senior Home Care Group Holdings Limited
Notes to the Financial Statements
For the Period Ended 31 October 2025
|
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Commitments under operating leases
|
|
|
At 31 October 2025 the Group had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
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Later than 1 year and not later than 5 years
|
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Related party transactions
|
|
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Transactions between group entities have been eliminated on consolidation and are not disclosed in these financial statements.
|
The ultimate controlling party is LCP Casa Co-Investment GP LLP.
Page 32
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