REGISTERED NUMBER: 13817933 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

EQ Operations Randlay Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J Cooper

A S Faulkner

Ms S Crawley

REGISTERED OFFICE:

46 Curzon Street

London

W1J 7UH

REGISTERED NUMBER:

13817933 (England and Wales)

AUDITORS:

bk plus Audit Limited

Azzurri House

Walsall Road

Aldridge

Walsall

WS9 0RB

FIXED ASSETS

Tangible assets

4

37,185

47,952

CURRENT ASSETS

Debtors

5

1,070,297

393,253

Cash at bank and in hand

230,269

288,895

1,300,566

682,148

CREDITORS

Amounts falling due within one year

6

(1,090,031

)

(1,125,941

)

NET CURRENT ASSETS/(LIABILITIES)

210,535

(443,793

)

TOTAL ASSETS LESS CURRENT LIABILITIES

247,720

(395,841

)

PROVISIONS FOR LIABILITIES

8

(9,296

)

-

NET ASSETS/(LIABILITIES)

238,424

(395,841

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

238,324

(395,941

)

238,424

(395,841

)

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2026 and were signed on its behalf by:

A S Faulkner - Director

1.	STATUTORY INFORMATION

EQ Operations Randlay Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents the amounts receivable for the provision of residential and domiciliary care services to residents and service users during the year, net of value added tax and trade discounts.

Revenue is recognised when the care services have been provided, and it is probable that the economic benefits associated with the transaction will flow to the company. Income includes fees receivable from local authorities, NHS bodies, private service users, and other funding organisations for the provision of care services.

Turnover is measured at the fair value of the consideration received or receivable for services supplied in the normal course of business

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future and will be able to realise its assets and discharge its liabilities in the normal course of business.

In assessing whether the going concern basis is appropriate, the Directors have considered the Company’s current financial position, cash flow forecasts, borrowing facilities and covenant compliance for a period of at least 12 months from the date of approval of these financial statements. The forecasts have been prepared based on the Directors’ best estimates of future trading performance and include reasonably possible downside scenarios.

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 balance sheet 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 debtors 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.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of fixed assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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 creditors, 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 payments 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 creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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 creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 96 (2024 - 67 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

59,689

2,418

62,107

Additions

-

2,404

2,404

At 31 December 2025

59,689

4,822

64,511

DEPRECIATION

At 1 January 2025

13,036

1,119

14,155

Charge for year

11,938

1,233

13,171

At 31 December 2025

24,974

2,352

27,326

NET BOOK VALUE

At 31 December 2025

34,715

2,470

37,185

At 31 December 2024

46,653

1,299

47,952

Amounts due on hire purchase: none

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

111,250

111,483

Amounts owed by group undertakings

721,284

-

Prepayments and accrued income

237,763

281,770

1,070,297

393,253

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Payments on account

221,787

-

Trade creditors

86,015

81,105

Amounts owed to group undertakings

396,295

693,125

Social security and other taxes

52,350

46,521

Other creditors

10,160

(1,800

)

Accruals and deferred income

323,424

306,990

1,090,031

1,125,941

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

13,706

13,706

Between one and five years

12,564

26,270

26,270

39,976

The length of the leases is 3 years.

8.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

9,296

-

Deferred

tax

£

Provided during year

9,296

Balance at 31 December 2025

9,296

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Keval Dattani ACA (Senior Statutory Auditor)

for and on behalf of bk plus Audit Limited

10.	ULTIMATE CONTROLLING PARTY

The controlling party is A S Faulkner.

The ultimate parent company is Zephyr X Holdings Limited, registered office 46 Curzon Street, London, W1J 7UH.

The following are the parents of the largest and smallest groups in which this company's results are consolidated:

Largest group

Zephyr X Holdings Limited

Smallest group

Zephyr X Holdings Limited

Consolidated accounts are available from the groups registered office.