Company registration number 08435515 (England and Wales)
THE ROYAL BUCKINGHAMSHIRE HOSPITAL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
THE ROYAL BUCKINGHAMSHIRE HOSPITAL LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 10
THE ROYAL BUCKINGHAMSHIRE HOSPITAL LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Non-current assets
Intangible assets
3
36,515
18,025
Property, plant and equipment
4
709,326
578,031
745,841
596,056
Current assets
Inventories
50,890
28,536
Trade and other receivables
5
680,348
281,782
Cash and cash equivalents
307,191
179,283
1,038,429
489,601
Current liabilities
6
(14,288,621)
(11,995,569)
Net current liabilities
(13,250,192)
(11,505,968)
Net liabilities
(12,504,351)
(10,909,912)
Equity
Called up share capital
8
1
1
Retained earnings
10
(12,504,352)
(10,909,913)
Total equity
(12,504,351)
(10,909,912)

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

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 6 August 2026
Mr K Shakib
Director
Company registration number 08435515 (England and Wales)
THE ROYAL BUCKINGHAMSHIRE HOSPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

The Royal Buckinghamshire Hospital Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ground Floor, Ginsburg Yard, Back Lane, London, England, NW3 1EW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

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

1.2
Going concern

The company continues to be loss making and the director has carefully considered those factors likely to affect the future development, performance and financial position of the company in relation to the ability of the company to operate within its current and foreseeable financial and operational resources.
The company is reliant on its parent company, director, and shareholders to provide continued financial support in order to remain a going concern. The company has not yet been profitable (2025 loss: £1,594,439; 2024 loss £1,933,743) its costs include rent of £650,000 per annum to its parent for use of the building from which it operates. The company continues to have net liabilities totalling £12,504,351 as at the 31 May 2025 (2024: £10,909,912) and management is taking proactive steps to turn the business around to be profit making by undertaking a significant programme of investment in order to continue to provide state of the art care and to expand the services available.

The company continues to face ongoing challenges presented by the current economic climate including staff shortages, rising inflation, rising energy costs and the cost of living crisis.

The factors above indicate the existence of a material uncertainty which may cast doubt about the company’s ability to continue as a going concern. However, the financial statements do not include the adjustments that would result if the company were unable to trade as a going concern. At the time of approving the financial statements the director has a reasonable expectation that the company has adequate resources available to it to continue in operational existence for the foreseeable future. As such, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

THE ROYAL BUCKINGHAMSHIRE HOSPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 3 -

Revenue from the supply of rehabilitation care services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where payments are received from customers in advance of services provided the amounts are recorded as deferred income and included as part of payables due within one year.

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliability. Interest income is accrued on a time basis, by reference to the principal outstanding and the effective interest rate applicable.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website and software
3 years straight line
1.5
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Medical equipment
20% straight line
Fixtures, fittings and equipment
20% straight line
Motor vehicles
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of non-current assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

THE ROYAL BUCKINGHAMSHIRE HOSPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 4 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell.

Inventories held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

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

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include 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 using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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.

THE ROYAL BUCKINGHAMSHIRE HOSPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts 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.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

THE ROYAL BUCKINGHAMSHIRE HOSPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 6 -
1.13
Retirement benefits

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

1.14
Leases

Rentals payable under operating leases, including any lease incentives received, 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 from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
72
83
3
Intangible fixed assets
Website and software
£
Cost
At 1 June 2024
36,459
Additions
37,803
At 31 May 2025
74,262
Amortisation and impairment
At 1 June 2024
18,434
Amortisation charged for the year
19,313
At 31 May 2025
37,747
Carrying amount
At 31 May 2025
36,515
At 31 May 2024
18,025
THE ROYAL BUCKINGHAMSHIRE HOSPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 7 -
4
Property, plant and equipment
Medical equipment
Fixtures, fittings and equipment
Motor vehicles
Total
£
£
£
£
Cost or valuation
At 1 June 2024
1,052,940
1,007,804
22,284
2,083,028
Additions
252,529
72,605
9,120
334,254
At 31 May 2025
1,305,469
1,080,409
31,404
2,417,282
Depreciation and impairment
At 1 June 2024
810,680
688,418
5,899
1,504,997
Depreciation charged in the year
103,507
94,113
5,339
202,959
At 31 May 2025
914,187
782,531
11,238
1,707,956
Carrying amount
At 31 May 2025
391,282
297,878
20,166
709,326
At 31 May 2024
242,260
319,386
16,385
578,031
5
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Trade receivables
497,929
185,779
Other receivables
36,021
4,584
Prepayments and accrued income
146,398
91,419
680,348
281,782
6
Current liabilities
2025
2024
£
£
Trade payables
668,160
483,497
Amounts owed to group undertakings
4,695,926
5,572,142
Taxation and social security
63,196
53,100
Other payables
8,861,339
5,886,830
14,288,621
11,995,569
THE ROYAL BUCKINGHAMSHIRE HOSPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 8 -
7
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
38,599
42,018

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

At the year end there were contributions outstanding of £8,453 (2024: £4,773) shown in other creditors and accruals.

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1

Ordinary shares carry voting rights but have no right to fixed income or repayment of capital.

9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In their report, the auditors emphasised the following matter without qualifying their report:
In forming our opinion on the financial statements, which is not modified, we have considered the adequacy of the disclosure made in note 1.3 to the financial statements concerning the company's ability to continue as a going concern. The company is dependent on the ongoing financing and support from its parent company, director and shareholders. The company continues to be loss making and its operating activities are subject to market and macroeconomic factors, including staff shortages as a result of Brexit, rising inflation, and the cost of living crisis. These conditions, along with other matters set out in note 1.3 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the company were unable to continue as a going concern.
The senior statutory auditor was Michelle Pettifer.
The auditor was Morris Lane.
10
Reserves
Retained earnings

Retained earnings represents cumulative profits or losses, including unrealised profit on the remeasurement of investment properties, net of dividends paid and other adjustments.

THE ROYAL BUCKINGHAMSHIRE HOSPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 9 -
11
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
1,674
25,291
12
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Wages recharged
Other administrative costs recharged
2025
2024
2025
2024
£
£
£
£
Other related parties
559,566
473,913
84,442
45,166
THE ROYAL BUCKINGHAMSHIRE HOSPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
12
Related party transactions
(Continued)
- 10 -
2025
2024
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
4,695,926
5,572,142
Key management personnel
637,608
637,608
Other related parties
7,403,486
4,868,477

The amounts due to related parties above are all interest free and repayable on demand.

Other information

No guarantees have been given or received.

13
Directors' transactions

As at 31 May 2025, the company owed £637,608 (2024: £637,608) to the director. This loan is interest free and repayable on demand.

14
Parent company

The immediate parent undertaking is The Buckinghamshire Limited.

The ultimate parent company is TRBH Holdings Ltd, whose registered office is 1 Ginsburg Yard, London, United Kingdom, NW3 1EW.

The smallest and largest group into which the company consolidated is TRBH Holdings Ltd whose registered office is 1 Ginsburg Yard, London, United Kingdom, NW3 1EW. Consolidated accounts can be obtained from this address.

There is no ultimate controlling party.

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