1.
General Information
White Gables Care Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
11000846
. 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 financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3.
Intangible Fixed Assets and Amortisation - Goodwill
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.
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold |
|
| Fixtures & Fittings |
|
2.5.
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.
White Gables Care Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
2.6.
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 balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.7.
Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 65 (2024: 64)
4.
Intangible Assets
| Goodwill | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at 1 September 2024 |
|
||
| As at 31 August 2025 |
|
||
| Amortisation | |||
| As at 1 September 2024 |
|
||
| Provided during the period |
|
||
| As at 31 August 2025 |
|
||
| Net Book Value | |||
| As at 31 August 2025 |
|
||
| As at 1 September 2024 |
|
||
White Gables Care Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
5.
Tangible Assets
| Land & Property | |||
|---|---|---|---|
| Freehold | Fixtures & Fittings | Total | |
| £ | £ | £ | |
| Cost or Valuation | |||
| As at 1 September 2024 |
|
|
|
| Additions |
|
|
|
| Revaluation |
|
|
|
| As at 31 August 2025 |
|
|
|
| Depreciation | |||
| As at 1 September 2024 |
|
|
|
| Provided during the period |
|
|
|
| As at 31 August 2025 |
|
|
|
| Net Book Value | |||
| As at 31 August 2025 |
|
|
|
| As at 1 September 2024 |
|
|
|
Included in cost or valuation of land and buildings is freehold land of £3,330,000 (2024- £3,330,000) which is not depreciated.
Cost or valuation at 31 August 2025 is represented by:
|
Land and buildings
|
Plant andmachinery etc
|
||
|
£
|
£
|
||
|
Valuation in 2022
|
92,025
|
-
|
|
|
Valuation in 2025
|
310,000
|
-
|
|
|
Cost
|
3,237,975
|
92,115
|
|
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none">
<line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/>
</svg>){kind=small}
|
|
||
|
3,330,000
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none">
<line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/>
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</svg>){kind=small}
|
92,115
|
Freehold land and buildings were valued on an open market basis on 31 August 2025 by the Directors.
The Directors are of the opinion that thevalue of freehold land and buildings is not materially different from their fair value at the date of the statement of financial position.
6.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Amounts owed by group undertakings | 65,223 | - | |
| Other debtors | 589 | 3,067 | |
|
|
|
||
White Gables Care Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
7.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Bank loans and overdrafts |
|
|
|
| Amounts owed to group undertakings |
|
|
|
| Amounts owed to participating interests |
|
|
|
| Other creditors | 428,241 | 285,717 | |
| Taxation and social security |
|
|
|
|
|
|
||
8.
Creditors: Amounts Falling Due After More Than One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
|
|
|
| Other creditors | 600,000 | 600,000 | |
|
|
|
||
9.
Secured Creditors
Of the creditors the following amounts are secured.
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts | 1,488,815 | 1,587,955 |
The bank loans of thecompany are secured by a debenture on all assets of the company and also by legal charges over the associated properties.
10.
Loans
An analysis of the maturity of loans is given below:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Amounts falling due within one year or on demand: | |||
| Bank loans |
|
|
|
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Amounts falling due between one and five years: | |||
| Bank loans |
|
|
|
The company obtained a loan from the Bank in 2018. As of the year-end, the outstanding balance was £1,488,814.96 (2024: £1,587,057.58). The loan bears an interest rate of 1.85% per annum above the base rate of 5.25% per annum and is repayable over 20 years.
The company borrowed a loan from RBR Property Investments Limited, a company under control of a Director. The balance of this loan outstanding as at the year end was £600,000 (2024:£600,000). This loan carries an interest rate of 5% per annum and is repayable by year 2030.
White Gables Care Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
12.
Reserves
| Revaluation Reserve | |
|---|---|
| £ | |
| As at 1 September 2024 |
|
| Surplus on revaluation |
|
| As at 31 August 2025 |
|
13.
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.
14.
Audit Information
The auditor's report on the accounts of
White Gables Care Limited
for the year ended 31 August 2025 was unqualified.
The auditor's report was signed by
Jamil Raja
(Senior Statutory Auditor)
for and on behalf of
Alderton Accountancy Limited
, Statutory Auditor.
|
962 Eastern Avenue
Newbury Park
Ilford
Essex
IG2 7JD
|