Holmwood House Care Limited

	Page
Strategic Report	1—2
Directors' Report	3
Independent Auditor's Report	4—6
Profit and Loss Account	7
Statement of Comprehensive Income	8
Balance Sheet	9
Statement of Changes in Equity	10
Notes to the Financial Statements	11—17

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

Review of the Business

The Company operates a residential and nursing care home providing elderly and specialist care, funded through a balanced mix of local authority placements and private fees. Throughout the year the Company was a wholly owned subsidiary of Holmwood House Holdings Limited.

Turnover increased by 6.2% to £3.47m (2024: £3.27m) and gross margin strengthened to 34.4% (2024: 32.5%), lifting operating profit to £0.88m (2024: £0.70m). Finance costs rose to £0.77m (2024: £0.63m), reflecting bank interest and interest accrued on the loan from RBR Property Investments Limited, so that profit before taxation was £0.11m (2024: £0.07m). No corporation tax charge arises for the year as the Company's taxable profits were fully relieved by group relief. A revaluation of the Company's freehold property of £1.52m (£1.14m net of deferred tax) together with the retained profit increased net assets to £2.13m (2024: £0.88m).

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
Turnover	£3.47m	£3.27m
Gross margin	34.4%	32.5%
Operating profit	£0.88m	£0.70m
Profit before taxation	£0.11m	£0.07m
Operating profit interest cover	1.1x	1.1x
Net assets	£2.13m	£0.88m

Principal Risks and Uncertainties

Funding and interest rate risk. Bank borrowings carry interest at 1.85% above the Bank of England base rate, and interest accrues on the loan from RBR Property Investments Limited until settlement. Operating profit interest cover remained modest at 1.1x (2024: 1.1x), and the directors monitor debt service capacity through regular cash flow forecasting. The repayment of the Company's bank loan after the year end, described below, has removed its bank debt service obligations.

Staffing and workforce. Care quality depends on recruiting and retaining skilled staff in a competitive labour market. The Company 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 Company sustains through consistent care quality, strong relationships with commissioning authorities and active reputation management.

Regulatory compliance. The Company's home is 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 entire issued share capital of the Company was sold by Holmwood House Holdings Limited to Quinton House Care Limited, a company under common control, and the Company's bank loan was repaid in full as part of a group refinancing. This was a non-adjusting event after the reporting period and is not reflected in these financial statements. The directors expect the Company to continue its care operations under its new ownership, with continued investment in its facilities and digital care planning systems.

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Holmwood House Care Limited

Strategic Report (continued)

For The Year Ended 31 August 2025

Going Concern

Having assessed the Company's financial position, its trading and cash flow forecasts and the support available within its new group following the sale of the Company after the year end, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least twelve months from the date of approval of these financial statements. 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 Care Limited

Company No. 10932588

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

Dividends

No interim dividend was paid during the year. The directors recommend a final dividend of Nil per share.

The total distribution of dividends for the year ended 31 August 2025 will be Nil.

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 and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 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;
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 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 the Companies Act 2006) of which the company'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's auditors are aware of that information.

Independent Auditors

The auditors, Alderton Accountancy Limited, will be proposed for re-appointment at the forthcoming 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 Care Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Holmwood House Care Limited for the year ended 31 August 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of 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 (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 company's affairs as at 31 August 2025 and of its 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 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 entity'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 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 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 Care Limited

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 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, 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 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, 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 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.

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.

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 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.

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Independent Auditor's Report (continued)

to the Members of

Holmwood House Care 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 Care Limited

Profit and Loss Account

For The Year Ended 31 August 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER	3	3,472,726	3,269,909
Cost of sales		(2,276,635 )	(2,207,765 )

GROSS PROFIT		1,196,091	1,062,144

Administrative expenses		(317,777 )	(365,683 )
Other operating income		-	-

OPERATING PROFIT	4	878,314	696,461
Interest payable and similar charges	8	(768,414 )	(626,349 )

PROFIT BEFORE TAXATION		109,900	70,112
Tax on Profit		-	(1,366 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		109,900	68,746

The notes on pages 11 to 17 form part of these financial statements.

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Holmwood House Care Limited

Statement of Comprehensive Income

For The Year Ended 31 August 2025

Statement of Comprehensive Income

	2025	2024
	£	£
PROFIT FOR THE FINANCIAL YEAR	109,900	68,746
OTHER COMPREHENSIVE INCOME:
Gain on revaluation of property, plant and equipment	1,520,000	-
Tax expense on components of other comprehensive income	(380,000 )	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	1,249,900	68,746

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Holmwood House Care Limited

Balance Sheet

As At 31 August 2025

Balance Sheet

Registered number: 10932588

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	9		148,542		206,042
Tangible Assets	10		7,267,993		5,697,133

			7,416,535		5,903,175
CURRENT ASSETS
Debtors	11	587,514		231,018
Cash at bank and in hand		144,519		166,108

		732,033		397,126
Creditors: Amounts Falling Due Within One Year	12	(1,551,135 )		(1,131,002 )

NET CURRENT ASSETS (LIABILITIES)			(819,102 )		(733,876 )

TOTAL ASSETS LESS CURRENT LIABILITIES			6,597,433		5,169,299

Creditors: Amounts Falling Due After More Than One Year	13		(3,888,236 )		(4,090,002 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	16		(584,068 )		(204,068 )

NET ASSETS			2,125,129		875,229

CAPITAL AND RESERVES
Called up share capital	18		100		100
Revaluation reserve			1,752,208		612,208
Profit and Loss Account			372,821		262,921

SHAREHOLDERS' FUNDS			2,125,129		875,229

On behalf of the board

Mr Farooq Raja

Director

28/08/2026

The notes on pages 11 to 17 form part of these financial statements.

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Holmwood House Care Limited

Statement of Changes in Equity

For The Year Ended 31 August 2025

Statement of Changes in Equity

	Share Capital	Revaluation reserve	Profit and Loss Account	Total
	£	£	£	£
As at 1 September 2023	100	612,208	314,615	926,923
Profit for the year and total comprehensive income	-	-	68,746	68,746

Dividends paid	-	-	(120,440)	(120,440)

As at 31 August 2024 and 1 September 2024	100	612,208	262,921	875,229


Profit for year	-	-	109,900	109,900

Surplus on revaluation	-	1,140,000	-	1,140,000

Other comprehensive income for the year	-	1,140,000	-	1,140,000

Total comprehensive income for the year	-	1,140,000	109,900	1,249,900

Dividends paid	-	-	-	-

As at 31 August 2025	100	1,752,208	372,821	2,125,129

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Holmwood House Care Limited

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

Holmwood House Care Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10932588 . The registered office is 962 Eastern Avenue, Newbury Park, Ilford, Essex, IG2 7JD.

2. Accounting Policies

2.1. Basis of Preparation of 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 as modified by the revaluation of certain assets.

The company is a member of a group, where the parent of the group prepares publicly available consolidated financial statements, including this company.

The financial statements of the company are consolidated in the financial statements of Holmwood House Holdings Limited. These consolidated financial statements are available from its registered office address; 962 Eastern Avenue, Ilford, Essex, United Kingdom, IG2 7JD.

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.

2.2. Significant judgements and estimations

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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 the cost less estimated residual value of 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

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Holmwood House Care Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.7. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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

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Holmwood House Care Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

3. Turnover

Analysis of turnover by class of business is as follows:

	2025	2024
	£	£
Residential nursing care facilities	3,472,726	3,269,909

4. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Depreciation of tangible fixed assets	13,793	12,519
Amortisation of intangible fixed assets	57,500	57,500

5. Auditor's Remuneration

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

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	7,800	14,400

6. Staff Costs

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

	2025	2024
	£	£
Wages and salaries	1,748,978	1,721,273
Social security costs	172,270	138,656
Other pension costs	33,061	31,073

	1,954,309	1,891,002

7. Average Number of Employees

Average number of employees, including directors, during the year was: 81 (2024: 84)

8. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	200,374	208,174
Other finance charges	568,040	418,175

	768,414	626,349

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Holmwood House Care Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

9. Intangible Assets

	Goodwill
	£
Cost
As at 1 September 2024	575,000

As at 31 August 2025	575,000

Amortisation
As at 1 September 2024	368,958
Provided during the period	57,500

As at 31 August 2025	426,458

Net Book Value
As at 31 August 2025	148,542

As at 1 September 2024	206,042

10. Tangible Assets

	Land & Property
	Freehold	Leasehold	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost or Valuation
As at 1 September 2024	5,580,000	79,575	75,819	10,767	5,746,161
Additions	-	-	-	64,653	64,653
Revaluation	1,520,000	-	-	-	1,520,000

As at 31 August 2025	7,100,000	79,575	75,819	75,420	7,330,814

Depreciation
As at 1 September 2024	-	-	41,248	7,780	49,028
Provided during the period	-	-	8,643	5,150	13,793

As at 31 August 2025	-	-	49,891	12,930	62,821

Net Book Value
As at 31 August 2025	7,100,000	79,575	25,928	62,490	7,267,993

As at 1 September 2024	5,580,000	79,575	34,571	2,987	5,697,133

Freehold Land and Buildings were valued on an open market basis on 31 August 2022 by the 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.

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Holmwood House Care Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

11. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	(52,859 )	57,562
Prepayments and accrued income	63,730	2,970
C/A RBR Investment Property	(420 )	-
Staff Loans & Advances	1,679	-
CA with Gateway Housing Limited	50,000	50,000
CA with Alexander Court	384	-
Amounts owed by group undertakings	525,000	120,486

	587,514	231,018

12. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	10,991	10,992
Trade creditors	47,668	48,944
Bank loans and overdrafts	189,157	183,876
Amounts owed to participating interests	15	105,058
Other creditors	142,886	135,955
Corporation tax	-	1,366
Taxation and social security	120,356	33,813
Accruals and deferred income	1,040,062	610,998

	1,551,135	1,131,002

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	11,762	22,754
Bank loans	705,936	701,172
Other creditors	3,170,538	3,366,076

	3,888,236	4,090,002

14. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	186,746	182,337

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	705,936	701,172

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Holmwood House Care Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

The company obtained a loan from the Bank in 2018. As of the year-end, the outstanding balance was £2,651,851 (2024: £2,828,114). The loan bears an interest rate of 1.85% per annum above the base rate of 5.25% per annum and is scheduled for repayment over a 20-year period.

In October 2021, the Group obtained a loan under the Bounce Back Loan Scheme. As of the year-end, the outstanding balance was £11,369 (2024: £21,472). This loan carries an interest rate of 2.5% per annum, with no principal repayments required during the first year.

The Company has a loan from RBR Property Investments Limited, a company under the control of a Director. The outstanding balance at the year-end, including accrued interest, was £1,800,000 (2024: £1,650,000). Interest is charged based on the financial performance of the company, with a base rate of 5% per annum, and is accrued until settlement. The loan is due for repayment by 2030.

15. Obligations Under Finance Leases and Hire Purchase

	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

16. Deferred Taxation

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

	2025	2024
	£	£
Other timing differences	584,068	204,068

17. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 September 2024	204,068	204,068
Additions	380,000	380,000

Balance at 31 August 2025	584,068	584,068

18. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

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Holmwood House Care Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

19. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	-	120,440

20. Post Balance Sheet Events

On 14 August 2026 the entire issued share capital of the company was sold by Holmwood House Holdings Ltd to Quinton House Care Limited, a company under common control, and the company's bank loan was repaid in full as part of a group refinancing. This is a non-adjusting event and is not reflected in these financial statements.

21. Related Party Disclosures

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

Quinton House Limited: (A company under common directorship)

Amount due to related party is £2,061.38

RBR Property Investments Limited: (A company under the control of a Director)

Loan interest is £400,000, Amount due from related party is £Nil and Amount due to related party is £1,800,000 (2024 £ 1,650,000).

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