Holmwood House Holdings Limited

	Page
Strategic Report	1—2
Directors' Report	3—4
Independent Auditor's Report	5—7
Consolidated Statement of Income and Retained Earnings	8
Consolidated Balance Sheet	9—10
Company Balance Sheet	11
Consolidated Statement of Cash Flows	12
Notes to the Consolidated Statement of Cash Flows	13
Notes to the Financial Statements	14—24

The directors present their strategic report for the year ended 31 August 2025.

Review of the Business

During the year the Group operated residential and nursing care homes through its subsidiaries Holmwood House Care Limited, White Gables Care Limited and Summercare Limited, providing elderly and specialist care funded through a balanced mix of local authority placements and private fees.

Group turnover increased by 5.1% to £8.82m (2024: £8.39m), reflecting fee uplifts and sustained occupancy across the homes. Operating profit reduced to £1.28m (2024: £1.40m) as wage, energy and professional costs rose faster than fee income. Finance costs of £1.34m (2024: £1.38m), principally bank interest and accrued interest on loans from RBR Property Investments Limited, exceeded operating profit, producing a loss before taxation of £0.07m (2024: profit of £0.03m) and a loss attributable to the owners of the parent of £0.26m. Operations nevertheless generated £1.96m of cash, supporting a reduction in net bank debt to £2.38m (2024: £2.50m), and a revaluation of the freehold portfolio of £2.09m (£1.57m net of deferred tax) lifted net assets to £3.88m (2024: £2.50m).

Key performance indicators

The board monitors the following key financial indicators, together with Care Quality Commission ratings and occupancy levels as the principal non-financial drivers of performance.

Indicator	2025	2024
Group turnover	£8.82m	£8.39m
Operating profit	£1.28m	£1.40m
Profit before taxation	£(0.07)m	£(0.03)m
Cash generated from operations	£1.96m	£2.27m
Operating profit interest cover	0.95x	1.02x
Net bank debt	£2.38m	£2.50m
Net assets (total equity)	£3.88m	£2.50m

Principal Risks and Uncertainties

Funding and interest rate risk. This is the principal financial risk facing the Group. Bank borrowings carry interest at 1.85% above the Bank of England base rate, and further interest accrues on loans from RBR Property Investments Limited. Operating profit interest cover fell below one times at 0.95x (2024: 1.02x), meaning finance costs were not covered by operating profit in the year. The directors monitor covenant headroom and the repayment profile through regular cash flow forecasting, and the disposal completed after the year end, described below, materially reduced the Group's bank indebtedness.

Staffing and workforce. Care quality depends on recruiting and retaining skilled staff in a competitive labour market. The Group manages this through competitive reward, career development and a focus on retention, reducing reliance on higher cost agency staff.

Occupancy and demand. Fee income is sensitive to occupancy levels, which the Group sustains through consistent care quality, strong relationships with commissioning authorities and active reputation management.

Regulatory compliance. The Group's homes are regulated by the Care Quality Commission and its corporate obligations by the Companies Act 2006. Internal controls, regular audit and board oversight maintain clinical governance and statutory compliance.

Future Developments

On 14 August 2026 the company sold its entire shareholdings in Holmwood House Care Limited and White Gables Care Limited to Quinton House Care Limited, a company under common control, and the associated bank borrowings were repaid. This was a non-adjusting event after the reporting period and is not reflected in these financial statements. Following the disposal, the Group's activities comprise the care operations of Summercare Limited, and the directors' focus for the year ahead is on the operational and financial performance of that continuing business, supported by continued investment in its facilities and digital care planning systems.

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Holmwood House Holdings Limited

Strategic Report (continued)

For The Year Ended 31 August 2025

Going Concern

The Group incurred a loss before taxation in the year and operating profit did not cover finance costs. The directors have therefore given particular attention to going concern. Operations remain strongly cash generative, and following the disposal after the year end the Group's bank borrowings have been repaid, materially reducing its ongoing debt service obligations. Having assessed the position, available facilities and cash flow forecasts of the continuing group for a period of at least twelve months from the date of approval of these financial statements, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence and the financial statements are accordingly prepared on the going concern basis.

On behalf of the board

Mr Farooq Raja

Director

28/08/2026

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Holmwood House Holdings Limited

Company No. 10931562

Directors' Report For The Year Ended 31 August 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 August 2025.

Principal Activity

The group's principal activity continues to be that of residential nursing care facilities.

Dividends

The total distribution of dividends for the year ended 31 August 2025 will be £Nil (PY: £65,100).

Political Donations and Expenditure

Charitable donations during the year amounted to £4,184.74 (2024: £2,843).

Directors

The directors who held office during the year were as follows:

Dr Mohammad Raja

Mr Farooq Raja

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report 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, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', 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 the group and of the profit or loss of the group for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
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 and group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information (as defined by Section 418 of theCompanies Act 2006) of which the company and group's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company and group's auditors are aware of that information.

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Holmwood House Holdings Limited

Directors' Report (continued)

For The Year Ended 31 August 2025

Independent Auditors

The auditors, Alderton Accountancy Limited, Statutory Auditor, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr Farooq Raja

Director

28/08/2026

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Independent Auditor's Report

to the Members of

Holmwood House Holdings Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Holmwood House Holdings Limited (the "parent company") and its subsidiaries (the "group") for the year ended 31 August 2025 which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Cash Flow Statement 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the group's and of the parent company's affairs as at 31 August 2025 and of the group's profit/(loss) 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent 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 group and parent company's ability to continue as a going concern for a period of at least 12 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 other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are 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. 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Holmwood House Holdings Limited

Matters on Which We Are Required to Report by Exception

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

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

adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
the parent company financial statements are not in agreement with the accounting records or 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 Directors' Responsibilities Statement set out on page 3—4, 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 is 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 group and parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's 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 an auditor's 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 financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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:-

Enquiry of management around actual and potential litigation and claims, and any know instances of non-compliance;
Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias; and
Reviewing our work throughout the audit file for evidence of non-compliance.

Due to factors such as the use of judgement, sample testing and the inherent limitations of internal control, these procedures are capable of obtaining reasonable, but not absolute, assurance that irregularities have been detected.

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

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 that we are required to state to them in an auditor's 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.

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Independent Auditor's Report (continued)

to the Members of

Holmwood House Holdings Limited

Jamil Raja (Senior Statutory Auditor)

for and on behalf of Alderton Accountancy Limited , Statutory Auditor

28/08/2026

Alderton Accountancy Limited

962 Eastern Avenue

Newbury Park

Ilford

Essex

IG2 7JD

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Holmwood House Holdings Limited

Consolidated Statement of Income and Retained Earnings

For The Year Ended 31 August 2025

Consolidated Statement of Income and Retained Earnings

		2025	2024
	Notes	£	£
TURNOVER	3	8,817,117	8,393,034
Cost of sales		(6,360,826 )	(5,952,835 )

GROSS PROFIT		2,456,291	2,440,199

Administrative expenses		(1,231,988 )	(1,086,707 )
Other operating income		53,900	49,440

OPERATING PROFIT	5	1,278,203	1,402,932
Interest payable and similar charges	10	(1,343,972 )	(1,376,785 )

(LOSS)/PROFIT BEFORE TAXATION		(65,769 )	26,147
Tax on (Loss)/profit	11	(71,020 )	(24,739 )

(LOSS)/PROFIT AFTER TAXATION BEING (LOSS)/PROFIT FOR THE FINANCIAL YEAR		(136,789 )	1,408

(Loss)/profit attributable to:
Owners of the parent		(261,721)	(48,104)
Non-controlling interest		124,932	49,512

		(136,789 )	1,408

RETAINED EARNINGS
As at 1 September 2024		635,487	748,715
Dividends paid		-	(65,100)
As at 31 August 2025		373,766	635,487

The notes on pages 13 to 24 form part of these financial statements.

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Holmwood House Holdings Limited

Consolidated Balance Sheet

As At 31 August 2025

Consolidated Balance Sheet

Registered number: 10931562

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	12		277,141		342,141
Tangible Assets	13		14,041,775		11,636,535

			14,318,916		11,978,676
CURRENT ASSETS
Debtors	15	693,717		401,906
Cash at bank and in hand		404,744		386,219

		1,098,461		788,125
Creditors: Amounts Falling Due Within One Year	16	(3,467,159 )		(2,180,909 )

NET CURRENT ASSETS (LIABILITIES)			(2,368,698 )		(1,392,784 )

TOTAL ASSETS LESS CURRENT LIABILITIES			11,950,218		10,585,892

Creditors: Amounts Falling Due After More Than One Year	17		(7,149,995 )		(7,682,781 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	20		(923,711 )		(401,211 )

NET ASSETS			3,876,512		2,501,900

CAPITAL AND RESERVES
Called up share capital	21		305		305
Share premium account			457,483		457,483
Revaluation reserve	25		2,549,363		981,863
Profit and Loss Account			373,766		635,487

Equity attributable to owners of the parent			3,380,917		2,075,138
Non-controlling interest			495,595		426,762

TOTAL EQUITY			3,876,512		2,501,900

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Holmwood House Holdings Limited

Consolidated Balance Sheet (continued)

As At 31 August 2025

The financial statements were approved by the board of directors on 28 August 2026 and were signed on its behalf by:

Mr Farooq Raja

Director

The notes on pages 13 to 24 form part of these financial statements.

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Holmwood House Holdings Limited

Company Balance Sheet

As At 31 August 2025

Company Balance Sheet

Registered number: 10931562

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	13		3,271		-
Investments	14		457,864		457,864

			461,135		457,864
CURRENT ASSETS
Debtors	15	233,937		2,757
Cash at bank and in hand		9,496		16,948

		243,433		19,705
Creditors: Amounts Falling Due Within One Year	16	(1,137,146 )		(229,894 )

NET CURRENT ASSETS (LIABILITIES)			(893,713 )		(210,189 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(432,578 )		247,675

NET (LIABILITIES)/ASSETS			(432,578 )		247,675

CAPITAL AND RESERVES
Called up share capital	21		305		305
Share premium account			457,483		457,483
Profit and Loss Account			(890,366 )		(210,113 )

SHAREHOLDERS' FUNDS			(432,578)		247,675

In accordance with section 408(3) of the Companies Act 2006, the company has not presented its own profit and loss account and the related notes. The company's loss for the year was £(680,253 ) (2024: £(8,464 ) loss).

The financial statements were approved by the board of directors on 28 August 2026 and were signed on its behalf by:

Mr Farooq Raja

Director

The notes on pages 13 to 24 form part of these financial statements.

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Holmwood House Holdings Limited

Consolidated Statement of Cash Flows

For The Year Ended 31 August 2025

Consolidated Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	1,836,855	2,266,548
Interest paid		(1,343,972 )	(1,376,785 )
Tax paid		(34,412 )	(21,099 )

Net cash generated from operating activities		458,471	868,664

Cash flows from investing activities
Purchase of tangible assets		(339,041 )	(9,033 )

Cash flows from financing activities
Proceeds from issue of share capital		-	24
Equity dividends paid		-	(65,100 )
Repayment of bank borrowings		(88,997 )	(952,436 )
Repayment of finance leases		(10,993 )	(10,991 )
Amount introduced by directors		100	214,100
Amount withdrawn by directors		(1,015)	(214,637)

Net cash used in financing activities		(100,905 )	(1,029,040 )



Increase/(decrease) in cash and cash equivalents		18,525	(169,409 )
Cash and cash equivalents at beginning of year	2	386,219	555,628

Cash and cash equivalents at end of year	2	404,744	386,219

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Holmwood House Holdings Limited

Notes to the Consolidated Statement of Cash Flows

For The Year Ended 31 August 2025

Notes to the Consolidated Statement of Cash Flows

1. Reconciliation of (loss)/profit for the financial year to cash generated from operations

	2025	2024
	£	£
(Loss)/profit for the financial year	(136,789 )	1,408
Adjustments for:
Tax on (loss)/profit	71,020	24,739
Interest expense	1,343,972	1,376,785
Amortisation of intangible assets	65,000	65,000
Depreciation of tangible assets	23,801	18,986
Movements in working capital:
(Increase)/decrease in trade and other debtors	(349,010 )	1,339,710
Increase/(decrease) in trade and other creditors	818,861	(560,080 )

Net cash generated from operations	1,836,855	2,266,548

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	404,744	386,219

3. Analysis of changes in net debt

	As at 1 September 2024	Cash flows	As at 31 August 2025
	£	£	£
Cash at bank and in hand	386,219	18,525	404,744
Finance leases	(33,746)	10,993	(22,753)
Debts falling due within one year	(361,620 )	(9,838)	(371,458 )
Debts falling due after more than one year	(2,494,128)	98,835	(2,395,293)

	(2,503,275)	118,515	(2,384,760)

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Holmwood House Holdings Limited

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

Holmwood House Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10931562 . The registered office is 962 Eastern Avenue, Newbury Park, Ilford, Essex, IG2 7JD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The company has taken advantage of the following disclosure exemption 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. Accordingly, the company has not prepared an individual cash-flow statement under paragraph 1.12(b) of FRS 102.

A consolidated cash-flow statement has been included within the consolidated financial statements.

2.2. Going Concern Disclosure

The director believes that the group is well placed to manage its business risks successfully and has adequate resources to continue in operational existence for the foreseeable future.

No material uncertainties that may cast significant doubt about the ability of the group to continue as a going concern have been identified by the director. Therefore, the financial statements have been prepared on a going concern basis.

2.3. Turnover

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

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

2.5. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

2.6. Tangible Fixed Assets and Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold	50 years based on cost/revalued amount
Leasehold	not provided
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	25% on reducing balance

2.7. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the group. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods.

The interest element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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

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Holmwood House Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.8. Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity 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.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

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.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessedmindividually 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

2.9. 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

2.10. Pensions

The group operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Turnover

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

4. Other Operating Income

	2025	2024
	£	£
Other operating income	53,900	49,440

	53,900	49,440

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Holmwood House Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

5. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Bad debts	-	495
Operating lease rentals	-	546
Depreciation of tangible fixed assets - owned	23,801	9,428
Depreciation of tangible fixed assets - finance leases and hire purchase contracts	-	9,558
Amortisation of intangible fixed assets	65,000	65,000

6. Auditor's Remuneration

Remuneration received by the group's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the group and company's financial statements	35,400	48,690


Other Services
Other non-audit services	900	420

7. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Wages and salaries	4,891,734	4,571,342	173,251	115,597
Social security costs	465,824	367,197	12,167	10,859
Other pension costs	87,453	85,004	2,537	2,308

	5,445,011	5,023,543	187,955	128,764

8. Average Number of Employees

Group

Average number of employees, including directors, during the year was: 253 (2024: 246)

Company

Average number of employees, including directors, during the year was: 8 (2024: 4)

9. Directors' remuneration

	2025	2024
	£	£
Emoluments	-	12,960

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Holmwood House Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

10. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	361,946	363,110
Late payment tax charges	(9,100 )	100
Other finance charges	991,126	1,013,575

	1,343,972	1,376,785

11. Tax on Profit

The tax charge on the (loss)/profit for the year was as follows:

	2025	2024
	£	£
Current tax
UK Corporation Tax	71,020	24,739


Total tax charge for the period	71,020	24,739

The actual charge for the year can be reconciled to the expected (credit)/charge for the year based on the (loss)/profit and the standard rate of corporation tax as follows:

	2025	2024
	£	£
Profit before tax	(65,769)	26,147

Tax on profit at 25% (UK standard rate)	79,569	-
Goodwill/depreciation not allowed for tax	23,639	-
Capital allowances	(32,188 )	-

Total tax charge for the period	71,020	-

Tax effects relating to effects of other comprehensive income

	2025	2024
	£	£
Property revaluation
Bonus issue	(24)
Acquisition of subsidiary
Disposal of property		(465,038)
Deferred tax adjustment		(96,291)

	(24)	(561,329)

Page 17

Page 18

Holmwood House Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

12. Intangible Assets

Group

	Goodwill
	£
Cost
As at 1 September 2024	759,224

As at 31 August 2025	759,224

Amortisation
As at 1 September 2024	417,083
Provided during the period	65,000

As at 31 August 2025	482,083

Net Book Value
As at 31 August 2025	277,141

As at 1 September 2024	342,141

Company

The company had no intangible fixed assets as at 31 August 2025 or 31 August 2024.

13. Tangible Assets

Group

	Land & Property
	Freehold	Leasehold	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost or Valuation
As at 1 September 2024	11,500,000	79,576	75,819	46,370
Additions	214,084	-	-	121,165
Revaluation	2,090,000	-	-	-

As at 31 August 2025	13,804,084	79,576	75,819	167,535

Depreciation
As at 1 September 2024	-	-	41,249	23,981
Provided during the period	-	-	8,643	14,637

As at 31 August 2025	-	-	49,892	38,618

Net Book Value
As at 31 August 2025	13,804,084	79,576	25,927	128,917

As at 1 September 2024	11,500,000	79,576	34,570	22,389

Page 18

Page 19

Holmwood House Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025


	Computer Equipment	Total
	£	£
Cost or Valuation
As at 1 September 2024	-	11,701,765
Additions	3,792	339,041
Revaluation	-	2,090,000

As at 31 August 2025	3,792	14,130,806

Depreciation
As at 1 September 2024	-	65,230
Provided during the period	521	23,801

As at 31 August 2025	521	89,031

Net Book Value
As at 31 August 2025	3,271	14,041,775

As at 1 September 2024	-	11,636,535

Included in cost or valuation of land and buildings is freehold land of £5,625,000(2024 - £5,625,000) which is not depreciated.

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	-	28,676

Cost or valuation as at 31 August 2025 represented by:

	Land & Property
	Freehold	Leasehold	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
At cost	13,804,084	79,576	75,819	167,535

	13,804,084	79,576	75,819	167,535


	Computer Equipment	Total
	£	£
At cost	3,792	14,130,806

	3,792	14,130,806

Freehold land and buildings were valued on an open market basis on 31 August 2022 by Directors.

The Directors are of the opinion that the value of freehold land and buildings is not materially different from their fair value at the date of the statement of financial position.

Page 19

Page 20

Holmwood House Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Company

	Computer Equipment
	£
Cost
As at 1 September 2024	-
Additions	3,792

As at 31 August 2025	3,792

Depreciation
As at 1 September 2024	-
Provided during the period	521

As at 31 August 2025	521

Net Book Value
As at 31 August 2025	3,271

As at 1 September 2024	-

14. Investments

Company

	Listed
	£
Cost
As at 1 September 2024	457,864

As at 31 August 2025	457,864

Provision
As at 1 September 2024	-

As at 31 August 2025	-

Net Book Value
As at 31 August 2025	457,864

As at 1 September 2024	457,864

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Subsidiaries

Details of the group's subsidiaries as at 31 August 2025 are as follows:

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
Holmwood House Care Limited	962 Eastern Avenue, Ilford, Essex, United Kingdom, IG2 7JD	Ordinary	100.00%	-
White Gables Care Limited	962 Eastern Avenue, Ilford, Essex, United Kingdom, IG2 7JD	Ordinary	100.00%	-
Summercare Limited	962 Eastern Avenue, Ilford, Essex, United Kingdom, IG2 7JD	Ordinary	61.83%	-
Care Billing Limited	962 Eastern Avenue, Ilford, Essex, United Kingdom, IG2 7JD	Ordinary	100.00%	-

Page 20

Page 21

Holmwood House Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

15. Debtors

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Due within one year
Trade debtors	5,597	132,035	4,143	(3,150 )
Prepayments and accrued income	81,160	132,395	-	-
Other debtors	312,385	135,914	-	4,807
C/A with Ambar	(420 )	-	-	-
Advances to staff	1,679	-	-	-
CA with Gateway Housing Limited	50,000	-	-	-
CA Alpha Remediation Ltd	7,915	-	-	-
C/A White Gables Care Ltd	22	-	22	-
Other debtors(6)	384	-	-	-
RBR CA	229,772	-	229,772	-
VAT	-	462	-	-
Directors' loan accounts	-	1,100	-	1,100
Amounts owed by group undertakings	5,223	-	-	-

	693,717	401,906	233,937	2,757

16. Creditors: Amounts Falling Due Within One Year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Net obligations under finance lease and hire purchase contracts	10,991	10,992	-	-
Trade creditors	170,410	97,224	80,988	16,164
Bank loans and overdrafts	371,458	361,620	-	-
Corporation tax	71,020	34,412	-	-
Other taxes and social security	362,671	138,309	4,187	1,557
Net wages	137,301	146,574	-	-
Pension	13,178	14,823	808	382
Resident & Staff Money to allocate	106,532	708	283,726	-
Residents Amenities	2,097	66	-	-
Care plan implementation	3,990	2,304	-	-
Natwest Onecard.	8,207	491	1,765	491
Wages Payable	123,678	124,471	-	-
Current Account with Gateway Housing Ltd	(104,625 )	(9,617 )	-	-
Current Account with JRC Shared Service LTD	462	462	-	-
C/A with Holmwood House Care Ltd	(119 )	-	225,000	-
Other creditors (9)	234,852	3,080	229,772	-
Accruals and deferred income	1,917,797	1,130,000	310,800	211,200
Directors' loan accounts	100	2,115	100	100
Amounts owed to other participating interests	15	44	-	-
Amounts owed to related parties	37,144	122,831	-	-

	3,467,159	2,180,909	1,137,146	229,894

Page 21

Page 22

Holmwood House Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

17. Creditors: Amounts Falling Due After More Than One Year

	Group
	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	11,762	22,754
Bank loans	2,395,293	2,494,128
Loan from RBR more than 5 years	2,500,000	2,500,000
Natwest Loan more than 5 years	2,206,532	2,487,462
Accruals and deferred income	36,408	178,437

	7,149,995	7,682,781

18. Loans

An analysis of the maturity of loans is given below:

	Group
	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	371,458	361,620

	Group
	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	2,395,293	2,494,128

The Group obtained a loan from National Westminster Bank PLC in 2018. As at the year end, the outstanding balance was £4,973,283 (2024: £5,300,978). The loan carries an interest rate of 1.85% per annum above the Bank of England base rate and is repayable over 20 years.

In October 2021, the Group obtained a loan under the Bounce Back Loan Scheme. The balance outstanding as at the year end was £22,821 (2024: £42,232). The loan carries interest at the rate of 2.5% per annum.

The Group has a loan from RBR Property Investments Limited, a company under the control of a Director. The aggregate outstanding balance of these loans at the year-end, including accrued interest, was £3,390,000 (2024: £2,970,000). Interest is charged on a performance-linked basis, with a base rate of 5% per annum, and is accrued until settlement. All loans are due for repayment by 2030.

19. Obligations Under Finance Leases and Hire Purchase

	Group
	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	10,991	10,992
Later than one year and not later than five years	11,762	22,754

	22,753	33,746

	22,753	33,746

Page 22

Page 23

Holmwood House Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

20. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	923,711	401,211

21. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
30,492 Ordinary Shares of £ 0.01 each	305	9,905
0 Ordinary A shares of £ 0.00 each	-	(9,600)

	305	305

On 31 March 2023, the company allotted 2,380 fully paid ordinary shares of £0.01 each as a bonus issue out of reserves entitling them to one fully paid ordinary share for every share held.

22. Pension Commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £87,453 (2024: £85,004).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

23. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 September 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 August 2025
	£	£	£	£	£
Dr Mohammad Raja	1,100	-	1,100	-	-

The above loan is unsecured, interest free and repayable on demand.

24. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	-	65,100

25. Reserves

Group

	Revaluation Reserve
	£
As at 1 September 2024	981,863
Surplus on revaluation	1,567,500

As at 31 August 2025	2,549,363

Page 23

Page 24

Holmwood House Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

26. Post Balance Sheet Events

27. Related Party Disclosures

The group has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Page 24