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Company registration number: 02613007
Newcare Housing Society
Trading as Necare Housing Society
Company limited by guarantee
Unaudited financial statements
31 March 2026
Newcare Housing Society
Company limited by guarantee
Contents
Directors and other information
Strategic report
Directors report
Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Statement of cash flows
Notes to the financial statements
Newcare Housing Society
Company limited by guarantee
Directors and other information

| Directors | Mr Trevor Price
|  | Mrs Jennifer Price
|  | Mr James Lawrence Vaughan
| Company number | 02613007
| Registered office | 15, Court Street,
|  | Upton-upon-Severn
|  | Worcestershire
|  | WR8 0JS
| Business address | 15, Court Street,
|  | Upton-upon-Severn
|  | Worcestershire
|  | WR8 0JS
| Accountant | Mr David Anfield
|  | 1, Kinnersley,
|  | Severn Stoke,
|  | Worcester
|  | WR8 9JR

Newcare Housing Society
Company limited by guarantee
Strategic report
Year ended 31 March 2026
This report was approved by the board of directors on .................. and signed on behalf of the board by:
Mr Trevor Price
Director
Newcare Housing Society
Company limited by guarantee
Directors report
Year ended 31 March 2026
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2026.
Directors
The directors who served the company during the year were as follows:

Mr Trevor Price
Mrs Jennifer Price
Mr James Lawrence Vaughan

Dividends
The directors do not recommend the payment of a dividend.
This report was approved by the board of directors on 05 August 2026 and signed on behalf of the board by:
Mr Trevor Price
Director
Newcare Housing Society
Company limited by guarantee
Statement of comprehensive income
Year ended 31 March 2026

|  |  |  | 2026 |  | 2025 |  |
|  | Note |  | £ |  | £ |  |
Turnover |  | 5 |  | 438,010 |  | - |  |
Staff costs |  | 7 |  | ( 115,111) |  | - |  |
Other operating expenses |  |  |  | ( 281,081) |  | - |  |
|  |  |  | _______ |  | _______ |  |
Operating profit |  | 6 |  | 41,818 |  | - |  |
Interest payable and similar expenses |  | 9 |  | ( 716) |  | - |  |
|  |  |  | _______ |  | _______ |  |
Profit before taxation |  |  |  | 41,102 |  | - |  |
Tax on profit |  |  |  | - |  | - |  |
|  |  |  | _______ |  | _______ |  |
Profit for the financial year and total comprehensive income |  |  |  | 41,102 |  | - |  |
|  |  |  | _______ |  | _______ |  |

All the activities of the company are from continuing operations.
Newcare Housing Society
Company limited by guarantee
Statement of financial position
31 March 2026

|  |  | 2026 |  |  |  | 2025 |  |
|  | Note | £ |  | £ |  | £ |  | £
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 11 | 65,869 |  |  |  | - |  |
Cash at bank and in hand |  |  | 59,787 |  |  |  | - |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 125,656 |  |  |  | - |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 12 | ( 40,867) |  |  |  | - |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets/(liabilities) |  |  |  |  | 84,789 |  |  |  | -
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 84,789 |  |  |  | -
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 84,789 |  |  |  | -
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Profit and loss account |  |  |  |  | 84,789 |  |  |  | -
|  |  |  |  | _______ |  |  |  | _______
Members funds |  |  |  |  | 84,789 |  |  |  | -
|  |  |  |  | _______ |  |  |  | _______

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the board of directors and authorised for issue on 05 August 2026 , and are signed on behalf of the board by:
Mr Trevor Price
Director
Company registration number: 02613007
Newcare Housing Society
Company limited by guarantee
Statement of changes in equity
Year ended 31 March 2026

|  |  | Profit and loss account | Total |  |  |  |  |  |
|  |  | £ | £ |  |  |  |  |  |
At 1 April 2024 |  |  | - | - |  |  |  |  |  |
Profit for the year |  |  | - | - |  |  |  |  |  |
|  |  | _______ | _______ |  |  |  |  |  |
Total comprehensive income for the year |  |  | - | - |  |  |  |  |  |
|  |  | _______ | _______ |  |  |  |  |  |
At 31 March 2025 and 1 April 2025 |  |  | 43,687 | 43,687 |  |  |  |  |  |
Profit for the year |  |  | 41,102 | 41,102 |  |  |  |  |  |
|  |  | _______ | _______ |  |  |  |  |  |
Total comprehensive income for the year |  |  | 41,102 | 41,102 |  |  |  |  |  |
|  |  | _______ | _______ |  |  |  |  |  |
At 31 March 2026 |  |  | 84,789 | 84,789 |  |  |  |  |  |
|  |  | _______ | _______ |  |  |  |  |  |

Newcare Housing Society
Company limited by guarantee
Statement of cash flows
Year ended 31 March 2026

|  | 2026 |  | 2025 |
|  | £ |  | £ |
Cash flows from operating activities |  |  |  |  |
Profit for the financial year |  | 41,102 |  | - |
Adjustments for: |  |  |  |  |
Interest payable and similar expenses |  | 716 |  | - |
Changes in: |  |  |  |  |
Trade and other debtors |  | ( 65,869) |  | - |
|  | _______ |  | _______ |
Cash generated from operations |  | ( 24,051) |  | - |
Interest paid |  | ( 716) |  | - |
|  | _______ |  | _______ |
Net cash (used in)/from operating activities |  | ( 24,767) |  | - |
|  | _______ |  | _______ |
Cash flows from financing activities |  |  |  |  |
Proceeds from borrowings |  | 40,867 |  | - |
|  | _______ |  | _______ |
|  | _______ |  | _______ |
Net increase/(decrease) in cash and cash equivalents |  | 16,100 |  | - |
Cash and cash equivalents at beginning of year |  | - |  | - |
|  | _______ |  | _______ |
Cash and cash equivalents at end of year |  | 16,100 |  | - |
|  | _______ |  | _______ |

Newcare Housing Society
Company limited by guarantee
Notes to the financial statements
Year ended 31 March 2026
1. General information
The company is a private company limited by guarantee, registered in England. The address of the registered office is 15, Court Street,, Upton-upon-Severn, Worcestershire, WR8 0JS.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
5. Turnover
The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
6. Operating profit
7. Staff costs
The aggregate payroll costs incurred during the year were:

|  |  | 2026 | 2025
|  |  | £ | £
| Wages and salaries |  | 115,111 | -
|  |  | _______ | _______

8. Directors remuneration
The directors aggregate remuneration in respect of qualifying services was:

|  |  | 2026 | 2025
|  |  | £ | £
| Sums paid to third parties in respect of directors services |  | 115,111 | -
|  |  | _______ | _______

9. Interest payable and similar expenses

|  |  |  | 2026 | 2025
|  |  |  | £ | £
| Bank loans and overdrafts |  |  | 716 | -
|  |  |  | _______ | _______

10. Earnings per share
Basic earnings/(loss) per share
The earnings/(loss) and weighted average number of shares used in the calculation of basic earnings/(loss) per share are as follows:

|  |  | 2026 | 2025
|  |  | £ | £
| Profit for the year attributable to the owners of the company |  | 41,102 | -
|  |  | _______ | _______

Diluted earnings/(loss) per share
The earnings/(loss) and weighted average number of shares used in the calculation of diluted earnings/(loss) per share are as follows:

|  |  | 2026 | 2025
|  |  | £ | £
| Earnings/(loss) used in calculation of basic earnings/(loss) per share |  | 41,102 | -
|  |  | _______ | _______

11. Debtors

|  |  | 2026 | 2025
|  |  | £ | £
| Amounts owed by group undertakings |  | 65,869 | -

12. Creditors: amounts falling due within one year

|  |  | 2026 | 2025
|  |  | £ | £
| Bank loans and overdrafts |  | 20,867 | -
| Director loan accounts |  | 20,000 | -
|  |  | _______ | _______
|  |  | 40,867 | -
|  |  | _______ | _______

13. Analysis of changes in net debt

|  | At 1 April 2025 | Cash flows | At 31 March 2026 |  |  |
|  | £ | £ | £ |  |  |
| Cash and cash equivalents | - | 59,787 | 59,787 |  |  |
| Debt due within one year | - | (40,867) | (40,867) |  |  |
|  | _______ | _______ | _______ |  |  |
|  | - | 18,920 | 18,920 |  |  |
|  | _______ | _______ | _______ |  |  |

14. Directors advances, credits and guarantees