REGISTERED NUMBER: NI026058 (Northern Ireland)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

SPA NURSING HOMES LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

to

4

Report of the Independent Auditors

5

to

8

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

to

22

DIRECTORS:

C Arnold

Mrs L H Johnston

E S Johnston

SECRETARY:

D J Ross

REGISTERED OFFICE:

18 Orby Link

Belfast

BT5 5HW

REGISTERED NUMBER:

NI026058 (Northern Ireland)

AUDITORS:

Baker Tilly Mooney Moore

Statutory Auditors

17 Clarendon Road

Belfast

BT1 3BG

BANKERS:

Bank of Ireland

1 Donegall Square South

Belfast

BT1 5LR

SOLICITORS:

John McKee

32-38 Linenhall Street

Belfast

BT2 8BG

The directors present their strategic report for the year ended 30 November 2025.

REVIEW OF BUSINESS

The company's turnover has increased by 6.4% from £11.1m to £11.8m. Gross margin has decreased from 28.6% in FY24 to 27.9% in FY25. Turnover continues to be the key performance indicator for the company. The directors consider that in the light of prevailing economic and market conditions, both the results for the year and the prospects for the future are satisfactory.

PRINCIPAL RISKS AND UNCERTAINTIES

The company uses various financial instruments including bank loans and overdrafts, hire purchase, cash and various items such as trade debtors and trade creditors that arise directly from its operations. The main purpose of these financial instruments is to provide sufficient finance for the company's operations. The directors remain mindful of risks and uncertainties facing the business, such as the Health Trust cuts on occupancy rates, rising costs and fluctuation in the interest rates.

FINANCIAL KEY PERFORMANCE INDICATORS

The directors considers the key performance indicators to be turnover and will continue to monitor this.

OTHER KEY PERFORMANCE INDICATORS

The directors do not consider any non-financial key performance indicators to be appropriate.

ON BEHALF OF THE BOARD:

E S Johnston - Director

12 August 2026

The directors present their report with the financial statements of the company for the year ended 30 November 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the provision of nursing home facilities.

DIVIDENDS

Dividends of £1,215,000 were paid during the current period. Dividends of £100,000 were paid in the period ended 30 November 2024.

FUTURE DEVELOPMENTS

The directors do not foresee any major future developments in the forthcoming year.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 December 2024 to the date of this report.

C Arnold

Mrs L H Johnston

E S Johnston

ENGAGEMENT WITH EMPLOYEES

During the period the policy of providing employees with information about the Company has been continued through internal media methods in which the employees have also been encouraged to present their suggestions and views on the Company's performance. Regular meetings are held between local management and employees to allow a free flow of information and ideas.

DISABLED EMPLOYEES

The company gives full consideration to applications for employment from disable persons where the requirements of the job can be adequately fulfilled by a disabled person. Where existing employees become disabled, it is the Company's policy wherever practicable to provide continuing employment under normal terms and conditions and to provide training and career development and promotion to disabled employees wherever appropriate.

MATTERS COVERED IN THE STRATEGIC REPORT

Under Schedule 7.1A of "Large and Medium- Sized Companies and Groups (Accounts and Reports) Regulations 2008" the company has elected to disclose the following directors report information in the strategic report:

- Business review;

- Principal risks and uncertainties; and

- Key financial performance indicators

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the 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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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 of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies 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 company 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 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Baker Tilly Mooney Moore, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

E S Johnston - Director

12 August 2026

Opinion

We have audited the financial statements of Spa Nursing Homes Limited (the 'company') for the year ended 30 November 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, 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 company's affairs as at 30 November 2025 and of its profit for the year 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.

Basis for opinion

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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'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

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 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.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the 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

As explained more fully in the Statement of Directors' Responsibilities set out on page four, 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 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 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 company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

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 a Report of the Auditors 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 financial statements.

We considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and local tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company's ability to operate or to avoid a material penalty.

Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members including internal specialists and significant component audit teams, and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

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. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

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 a Report of the Auditors 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.

Eimear Brown (Senior Statutory Auditor)

for and on behalf of Baker Tilly Mooney Moore

Statutory Auditors

17 Clarendon Road

Belfast

BT1 3BG

14 August 2026

TURNOVER

11,815,724

11,104,971

Cost of sales

8,519,089

7,932,976

GROSS PROFIT

3,296,635

3,171,995

Administrative expenses

2,211,703

2,161,182

1,084,932

1,010,813

Other operating income

37,217

197,356

OPERATING PROFIT

4

1,122,149

1,208,169

Income from shares in group undertakings

1,860,000

-

Interest receivable and similar income

1,620

-

1,861,620

-

2,983,769

1,208,169

Interest payable and similar expenses

5

499,851

250,338

PROFIT BEFORE TAXATION

2,483,918

957,831

Tax on profit

6

195,756

222,203

PROFIT FOR THE FINANCIAL YEAR

2,288,162

735,628

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,288,162

735,628

FIXED ASSETS

Intangible assets

8

500

20,451

Tangible assets

9

5,155,993

5,101,235

Investments

10

6,913,583

4,604,630

Investment property

11

910,000

-

12,980,076

9,726,316

CURRENT ASSETS

Stocks

12

1,780

1,780

Debtors

13

2,442,380

3,460,886

Cash at bank

879,607

572,017

3,323,767

4,034,683

CREDITORS

Amounts falling due within one year

14

2,252,586

1,992,111

NET CURRENT ASSETS

1,071,181

2,042,572

TOTAL ASSETS LESS CURRENT LIABILITIES

14,051,257

11,768,888

CREDITORS

Amounts falling due after more than one year

15

(7,722,269

)

(6,564,232

)

PROVISIONS FOR LIABILITIES

18

(220,428

)

(169,258

)

NET ASSETS

6,108,560

5,035,398

CAPITAL AND RESERVES

Called up share capital

19

1,200

1,200

Capital redemption reserve

20

393,333

393,333

Retained earnings

20

5,714,027

4,640,865

SHAREHOLDERS' FUNDS

6,108,560

5,035,398

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2026 and were signed on its behalf by:

E S Johnston - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 December 2023

1,200

4,005,237

393,333

4,399,770

Changes in equity

Dividends

-

(100,000

)

-

(100,000

)

Total comprehensive income

-

735,628

-

735,628

Balance at 30 November 2024

1,200

4,640,865

393,333

5,035,398

Changes in equity

Dividends

-

(1,215,000

)

-

(1,215,000

)

Total comprehensive income

-

2,288,162

-

2,288,162

Balance at 30 November 2025

1,200

5,714,027

393,333

6,108,560

1.	STATUTORY INFORMATION

Spa Nursing Homes Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

•

the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

•

the requirement of paragraph 33.7;

•

the requirements of paragraph 24(b) of IFRS 6.

Preparation of consolidated financial statements

The financial statements contain information about Spa Nursing Homes Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, McLegz Holdings Limited, 18 Orby Link, Belfast, BT5 5HW.

Significant judgements and estimates

The annual depreciation charge for tangible fixed assets is sensitive to changes in estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on future investments, economic utilisation and the physicist condition of the assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business is being amortised evenly over its estimated useful life of 10 years.

Tangible fixed assets

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 residential value over their estimated useful lives, both straight line and reducing balance.

Depreciation is provided on the following basis:

Freehold property - 2% straight line

Plant and machinery - 15% reducing balance

Fixtures and fittings - 15% reducing balance

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

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors

Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

-Financial liabilities and equity

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form. Financial liabilities are initially measured at transaction price (after deducting transaction costs) and subsequently held at amortised cost.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest rate 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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Taxation

Taxation for the year comprises current and deferred tax. 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 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.

Impairment of fixed assets

Fixed assets are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs to sell and value in use. Fixed assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

3.	EMPLOYEES AND DIRECTORS

30.11.25

30.11.24

£

£

Wages and salaries

7,572,027

7,077,907

Social security costs

762,134

577,213

Other pension costs

125,066

128,143

8,459,227

7,783,263

The average number of employees during the year was as follows:

30.11.25

30.11.24

Management Staff

18

6

Administration Staff

6

3

Nursing Staff

293

278

317

287

30.11.25

30.11.24

£

£

Directors' remuneration

-

-

The above costs include £136,705 (FY24: £149,925) of costs for agency staff.

4.	OPERATING PROFIT

The operating profit is stated after charging:

30.11.25

30.11.24

£

£

Other operating leases

5,411

6,500

Depreciation - owned assets

264,653

257,472

Loss on disposal of fixed assets

-

100,000

Goodwill amortisation

19,951

25,543

Auditors' remuneration

15,840

14,400

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

30.11.25

30.11.24

£

£

Bank loan interest

402,964

250,338

Other interest

96,887

-

499,851

250,338

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

30.11.25

30.11.24

£

£

Current tax:

UK corporation tax

144,586

220,693

Deferred tax

51,170

1,510

Tax on profit

195,756

222,203

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

30.11.25

30.11.24

£

£

Profit before tax

2,483,918

957,831

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

620,980

239,458

Effects of:

Expenses not deductible for tax purposes

1,338

26,202

Income not taxable for tax purposes

(465,000

)

-

Capital allowances in excess of depreciation

(12,732

)

-

Depreciation in excess of capital allowances

-

36,993

Group relief

-

(81,960

)

Remeasurement of deferred tax

51,170

1,510

Total tax charge

195,756

222,203

7.

DIVIDENDS

30.11.25

30.11.24

£

£

Ordinary Shares shares of 1.00 each

Final

1,215,000

100,000

8.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

245,430

AMORTISATION

At 1 December 2024

224,979

Amortisation for year

19,951

At 30 November 2025

244,930

NET BOOK VALUE

At 30 November 2025

500

At 30 November 2024

20,451

9.	TANGIBLE FIXED ASSETS

Fixtures,

Freehold

Plant and

fittings

property

machinery

& equipment

Totals

£

£

£

£

COST

At 1 December 2024

6,423,494

1,894,846

1,561,327

9,879,667

Additions

-

-

319,411

319,411

At 30 November 2025

6,423,494

1,894,846

1,880,738

10,199,078

DEPRECIATION

At 1 December 2024

2,131,091

1,693,759

953,582

4,778,432

Charge for year

128,470

30,163

106,020

264,653

At 30 November 2025

2,259,561

1,723,922

1,059,602

5,043,085

NET BOOK VALUE

At 30 November 2025

4,163,933

170,924

821,136

5,155,993

At 30 November 2024

4,292,403

201,087

607,745

5,101,235

10.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 December 2024

4,604,630

Additions

2,308,953

At 30 November 2025

6,913,583

NET BOOK VALUE

At 30 November 2025

6,913,583

At 30 November 2024

4,604,630

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Town & Country Care Home Limited

Registered office: 18 Orby Link, Belfast, BT5 5HW

Nature of business:

%

Class of shares:

holding

Ordinary

100.00

Somerton Homes Limited

Registered office: 18 Orby Link, Belfast, BT5 5HW

Nature of business:

%

Class of shares:

holding

Ordinary

100.00