REGISTERED NUMBER: SC494777 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

GREENE CARE HOMES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Greene

G Greene

REGISTERED OFFICE:

69/71 Hamilton Road

Motherwell

Lanarkshire

ML1 3DG

REGISTERED NUMBER:

SC494777 (Scotland)

ACCOUNTANTS:

McDaid & Partners

Stanley House

69/71 Hamilton Road

Motherwell

Lanarkshire

ML1 3DG

BUSINESS ADDRESS:

Rannoch Drive

Cumbernauld

Glasgow

G67 4ES

FIXED ASSETS

Intangible assets

4

7,900

23,700

Tangible assets

5

1,964,491

1,969,079

1,972,391

1,992,779

CURRENT ASSETS

Debtors

6

97,080

193,382

Cash at bank

4

4

97,084

193,386

CREDITORS

Amounts falling due within one year

7

714,330

874,642

NET CURRENT LIABILITIES

(617,246

)

(681,256

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,355,145

1,311,523

CREDITORS

Amounts falling due after more than one year

8

1,483,479

1,606,958

NET LIABILITIES

(128,334

)

(295,435

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(128,336

)

(295,437

)

SHAREHOLDERS' FUNDS

(128,334

)

(295,435

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

K Greene - Director

G Greene - Director

1.	STATUTORY INFORMATION

Greene Care Homes Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is stated gross of VAT and trade discounts. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of creditors due within one year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures & fittings

-

10% on reducing balance

Computer equipment

-

33.33% on cost

Basic financial instruments

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash on hand, deposits held at call with banks, other short-term liquid investments and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Trade debtors

Trade debtors are amounts due from customers for goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are amounts due to suppliers for goods or services obtained in the ordinary course of business.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

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

Government grants

Government grants are eligible for recognition within the financial statements once they become receivable.

Going concern

The company will continue to trade with the ongoing support of the directors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 91 (2025 - 85 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

158,000

AMORTISATION

At 1 April 2025

134,300

Charge for year

15,800

At 31 March 2026

150,100

NET BOOK VALUE

At 31 March 2026

7,900

At 31 March 2025

23,700

5.	TANGIBLE FIXED ASSETS

Freehold

Property

Fixtures

Computer

property

improvements

& fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

1,398,276

466,611

462,414

6,165

2,333,466

Additions

-

29,875

27,992

-

57,867

Disposals

-

(4,934

)

(6,286

)

(6,165

)

(17,385

)

At 31 March 2026

1,398,276

491,552

484,120

-

2,373,948

DEPRECIATION

At 1 April 2025

135,890

-

222,409

6,088

364,387

Charge for year

27,965

-

25,826

77

53,868

Eliminated on disposal

-

-

(2,633

)

(6,165

)

(8,798

)

At 31 March 2026

163,855

-

245,602

-

409,457

NET BOOK VALUE

At 31 March 2026

1,234,421

491,552

238,518

-

1,964,491

At 31 March 2025

1,262,386

466,611

240,005

77

1,969,079

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

57,673

152,304

Other debtors

39,407

41,078

97,080

193,382

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

368,031

360,300

Trade creditors

45,116

68,146

Taxation and social security

109,460

140,079

Other creditors

191,723

306,117

714,330

874,642

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

1,483,479

1,603,260

Other creditors

-

3,698

1,483,479

1,606,958

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

-

215,143

The bank loans are secured by a standard security over Rannoch Lodge Nursing Home property and a bond and floating charge.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

G Greene and K Greene

Balance outstanding at start of year

-

21,008

Amounts advanced

9,154

19,123

Amounts repaid

(9,154

)

(40,131

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Directors loans are given interest free and have no formal repayment terms. They are therefore included within creditors more than one year in the financial statements.