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Registered number:
CONSOLIDATED
FOR THE YEAR ENDED 31 AUGUST 2025
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TAYLOR MORMONT LIMITED
COMPANY INFORMATION
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TAYLOR MORMONT LIMITED
CONTENTS
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TAYLOR MORMONT LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
The directors present their strategic report for the year ended 31 August 2025.
During 2025, we have successfully registered our new care homes in Clacton and Little Wakering which has increased our bed numbers from 13 to 22.
We continue to make progress with filling our beds and estimate that we will have full occupancy by the end of the year. We are maintaining a satisfactory level of average fees despite pressure from commissioners who often try to place the people we care for at unrealistic fee levels. We are finding increasingly that commissioners are prioritising cost over care requirements.
Inflationary pressures and taxation are currently a risk to our progress with fee increases (3% average) not keeping pace with increasing costs. The uncertain political situation and the likely increase in energy costs and further tax increases is a concern.
As ever in our sector maintaining a strong staff team is challenging with demand for skilled carers being high. By establishing a dedicated HR dept and providing an above average level of employee benefits we have maintained a good level of staff retention. These risks and uncertainties are offset by the shortage of good quality care spaces and therefore filling our beds should not be a problem.
Turnover has remained relatively consistent at £3,233,177 in the current year (2024: £3,380,935).
We have successfully restructured our borrowing and now have a good relationship with TRIODOS Bank who are keen to work with us and fund our plans for further expansion. The last year has also seen a restructuring of our Senior Management team with the establishment of a dedicated HR department and the appointment of a Head of Care who will have overall responsibility for the delivery of Care in each of our Homes. Cost management is challenging with our average costs increasing above reported inflation levels but his is true across the sector and economy generally. Our staff costs and benefits are at the upper end of industry pay rates for comparable homes but this is necessary to retain good staff. We have seen an increase in the use of agency workers. This is due to having to use agency staff whilst we are transitioning the people we support into our homes. Once placements are secure we can recruit permanent staff and reduce agency usage.
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TAYLOR MORMONT LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
We have also increased our community activity, we sponsor the local children's football club, providing football kits to over 200 children and we have recently become a Platinum sponsor of the Essex Wildlife Trust as the people we support visit a number of their sites for recreational purposes.
This report was approved by the board on 28 August 2026 and signed on its behalf.
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TAYLOR MORMONT LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
The director presents her report and the financial statements for the year ended 31 August 2025.
The loss for the year, after taxation and minority interests, amounted to £295,715 (2024 - profit £227,391).
The director who served during the year was:
We will need to invest further in our senior management over the next two years, specifically we will be looking to employ a behavioural specialist and a financial director.
We are currently working with external contractors on projects which will further increase our bed capacity from 22 to 40 beds over the next two years. these projects are currently at the planning stage. in addition we are hoping to develop circa twenty dwellings in close proximity to our homes to rent to staff at affordable rents. This will provide good quality accommodation for staff and should further aid staff retention and add some diversity to our portfolio of properties. We are also exploring development opportunities at our Braintree site.
The information required by s.414C of the Companies Act 2006 is included within the Strategic Report.
There have been no significant events affecting the Group since the year end.
The auditors, Haslers Assurance LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on
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TAYLOR MORMONT LIMITED
DIRECTOR'S RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2025
The director is responsible for preparing the Group strategic report, the Director's report and the consolidated financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless she is 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 director is 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 director is 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 her to ensure that the financial statements comply with the Companies Act 2006. She is 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.
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TAYLOR MORMONT LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TAYLOR MORMONT LIMITED
We have audited the financial statements of Taylor Mormont Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 August 2025, which comprise the Consolidated statement of comprehensive income, the Consolidated analysis of net debt, 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 auditing the financial statements, we have concluded that the director's 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 director with respect to going concern are described in the relevant sections of this report.
Prior year not audited
The comparative figures for the year ended 31 August 2024 were not audited.
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TAYLOR MORMONT LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TAYLOR MORMONT LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The director is 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.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group strategic report and the Director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group strategic report and the Director's report have been prepared in accordance with applicable legal requirements.
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 Director's report.
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TAYLOR MORMONT LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TAYLOR MORMONT LIMITED (CONTINUED)
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 Auditors' 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:
We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity and determined that the most significant are those that: • had a direct effect on the determination of material amounts and disclosures in the financial statements. These included the UK Companies Act and tax legislation etc; and • 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. These include operational laws and regulations including health and safety regulations, environmental regulations, and GDPR. We obtained an understanding of how the company are complying with those legal and regulatory frameworks by making enquiries with management and those responsible for legal and compliance frameworks. We corroborated our enquiries through review of correspondence with regulatory bodies and gaining an understanding of the entity level controls of the company in respect of these areas and the controls in place to reduce opportunity for fraudulent transactions. We discussed among the audit engagement team including relevant internal tax specialists, regarding the opportunities and incentives, including management override of controls, that may exist within the organisation for fraud and how and where fraud might occur in the financial statements. We also communicated the applicable laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. As a result of performing the above, we identified the greatest potential for fraud in the following areas, and our specific procedures performed to address it are described below: The principal risks related to management override in relation to posting of non-standard manual journals in respect of revenue and misstatement of expenses.
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TAYLOR MORMONT LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TAYLOR MORMONT LIMITED (CONTINUED)
Procedures performed to address these were as follows:
• Walkthrough testing was carried out to identify and assess the design effectiveness of controls management have in place to prevent and detect fraud, including known of suspected instances or non- compliance with laws and regulations and fraud, • Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process, • Using analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatements due to fraud, • Assessing the appropriateness of accounting estimates and challenging any significant assumptions or judgements made by management, • Incorporating testing of manual journal entries that were posted throughout the year. In particular, we focused on material journal entries, round sum journal entries, journal entries posted without descriptions, and those posted after the year end. These were scrutinised for evidence of unusual entries, • Reviewing revenue recognition policies and general policies in relation to work in progress. We assessed the accuracy and completeness of the management’s estimates, • Evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business.
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 Auditors' report.
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TAYLOR MORMONT LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TAYLOR MORMONT LIMITED (CONTINUED)
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 Auditors' 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.
for and on behalf of
Chartered Accountants
Statutory Auditor
Old Station Road
Essex
IG10 4PL
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TAYLOR MORMONT LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 AUGUST 2025
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TAYLOR MORMONT LIMITED
REGISTERED NUMBER: 11974455
CONSOLIDATED BALANCE SHEET
AS AT 31 AUGUST 2025
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TAYLOR MORMONT LIMITED
REGISTERED NUMBER: 11974455
CONSOLIDATED BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 August 2026.
The notes on pages 19 to 35 form part of these financial statements.
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TAYLOR MORMONT LIMITED
REGISTERED NUMBER: 11974455
COMPANY BALANCE SHEET
AS AT 31 AUGUST 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 19 to 35 form part of these financial statements.
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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2025
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024
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