REGISTERED NUMBER: 08853259 (England and Wales)

WISTERIA HOUSE DEMENTIA CARE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms L R Collins

REGISTERED OFFICE:

4/5 Napier Street

Stoke

Plymouth

Devon

PL1 4QX

REGISTERED NUMBER:

08853259 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

7 Sandy Court

Ashleigh Way

Langage Business Park

Plymouth

Devon

PL7 5JX

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

153,830

320,178

153,830

320,178

CURRENT ASSETS

Debtors

366,421

504,170

Cash at bank and in hand

145,034

365,608

511,455

869,778

CREDITORS

Amounts falling due within one year

227,065

759,332

NET CURRENT ASSETS

284,390

110,446

TOTAL ASSETS LESS CURRENT LIABILITIES

438,220

430,624

PROVISIONS FOR LIABILITIES

26,000

59,000

NET ASSETS

412,220

371,624

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

412,219

371,623

412,220

371,624

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

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

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 25 August 2026 and were signed by:

Ms L R Collins - Director

1.	STATUTORY INFORMATION

Wisteria House Dementia Care Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

These financial statements have been prepared under the historical cost convention.

Going concern

In the year, the trade of the Plymstock and Stoke homes has been transferred to the connected companies leaving only the trade of Woolwell in Wisteria House Dementia Care Limited. All items within the profit and loss account relating to the activities of Woolwell have been disclosed as continuing operations in the current and comparative periods. Considering this, the director believes that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Wisteria House Dementia Care Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

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.

Significant judgements and estimates

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The director considers that there are no critical estimates used in the accounts preparation, as entries are backed up to subsequent supporting transactions

Turnover

Turnover represents net invoiced care home fees and is recognised per night that a room is occupied.

Turnover is deferred where amounts have been invoiced, but these relate to services to be provided in future periods. Turnover is accrued where amounts have yet to be invoiced, but where the services have been provided in the period to date.

Intangible assets

The intangible assets within the accounts are solely made up of goodwill.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill - 10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisiation will be revised prospectively to reflect the new estimates.

Tangible fixed assets

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.

Improvements to property

-

15% on cost

Plant and machinery

-

50% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Tangible fixed assets are recognised initially at cost and subsequently at cost less accumulated depreciation and any impairment losses.

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation

Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

Hire purchase and leasing commitments

At inception the Company assesses agreements that transfer the right to use assets. The assessment considers whether the arrangement is a finance lease or an operating lease based on the substances of the arrangement.

Finance leases

Leases of assets that transfer substantially all the risks and rewards of ownership to the Company are classified as finance leases.

Assets held under finance leases are recognised initially at the fair value of the leased asset (or, if lower, the present value of minimum lease payments) at the inception of the lease. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation. Lease payments are apportioned between finance charges and reduction of the lease obligation using the effective interest method so as to achieve a constant rate of interest on the remaining balance of the liability. Finance charges are deducted in measuring profit or loss.

Assets held under finance leases are included in tangible fixed assets and depreciated over the shorter of the lease term and the estimated useful life of the asset. Assets are assessed for impairment at each reporting date.

Operating leases

Leases that do no transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Hire purchase

Assets obtained under hire purchase contracts are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

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

Pension costs and other post-retirement benefits

Short- term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

Provisions for liabilities

Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Grant income

Income received in relation to grants are classified either as relating to revenue or to assets.

Grants relating to revenue are recognised in other income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Where a timing difference arises, the income is held on the balance sheet. When received in arrears the expected income is recognises as a debtor so long as the relevant conditions have been satisfied. When received in advance of costs, the income is held as deferred income and systematically released to the profit and loss in the periods the cost is incurred.

Grants relating to assets are recognised initially as deferred income and released to other income on a systematic basis over the expected useful life of the asset.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 103 (2025 - 133 ) .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2025

66,113

Disposals

(66,113

)

At 31 May 2026

-

AMORTISATION

At 1 June 2025

66,113

Eliminated on disposal

(66,113

)

At 31 May 2026

-

NET BOOK VALUE

At 31 May 2026

-

At 31 May 2025

-

Fully amortised goodwill associated with activities now undertaken by subsidiary undertakings was derecognised during the year. The goodwill had a net book value of £nil and no gain or loss arose on derecognition.

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2025

971,020

Additions

3,124

Disposals

(366,674

)

At 31 May 2026

607,470

DEPRECIATION

At 1 June 2025

650,842

Charge for year

85,022

Eliminated on disposal

(282,224

)

At 31 May 2026

453,640

NET BOOK VALUE

At 31 May 2026

153,830

At 31 May 2025

320,178

The fixed asset disposal value relates to the transfer of assets to the relevant fellow subsidiaries following the reorganisation of the group structure. All remaining assets held by the company have a fixed charge over them from Metro Bank PLC.

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

5,962

357,669

Between one and five years

7,858

1,009,058

13,820

1,366,727

In the prior year, £349,000 of the lease payments due related to the rent on the properties held by the previous holding company, Wisteria House Holdings Limited. These properties are now held in the individual companies where the trade is carried out and the leases were cancelled.

8.	SECURED DEBTS

In the prior period the mortgage in the group was held in the Holdings company secured against all assets and undertakings of Wisteria House Dementia Care Limited via a fixed and floating charge, this security also contained a negative pledge. In the current year the principal balance is held within a group company with a cross company guarantee. All assets held by the company have a fixed charge over them from Metro Bank PLC.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 May 2026 and the period ended 31 May 2025:

2026

2025

£

£

Ms L R Collins

Balance outstanding at start of year

-

918,973

Amounts advanced

-

725,878

Amounts repaid

-

(1,644,851

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

10.	ULTIMATE CONTROLLING PARTY

Wisteria House Dementia Care Ltd is a wholly owned subsidiary of Wisteria House Group Limited, it's ultimate parent undertaking, which is incorporated in the UK.

Copies of the financial statements for Wisteria House Holdings Limited are available from Companies House and the registered office is 7 Sandy Court, Ashleigh Way, Langage Business Park, Plymouth, PL7 5JX.

The ultimate controlling party is Ms Louise Collins.

11.	DISCONTINUED OPERATIONS

During the year, Wisteria House Dementia Care Ltd relinquished the trade of Plymstock and Stoke.

All assets related to these homes were sold at book value as recorded in the accounts, and therefore there has been no profit or loss on disposal of operations generated.

All items within the profit and loss account relating to the activities of Plymstock and Stoke have been disclosed as discontinued operations in the current and comparative periods.