Niagara Therapy(U.K.)Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

Niagara Therapy(U.K.)Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00857402 . The registered office is Unit 1 Colomendy Industrial, Estate, Rhyl Rd, Denbigh, Denbighshire, LL16 5TS.

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

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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. Going Concern Disclosure

The company's business activities, together with the factors likely to affect its future development and position, are set out in the Business Review section of the Directors' report in the consolidated financial statements.

The company had net liabilities at the end of the year however it is expected to continue to generate positive cash flows on its own accounts for the foreseeable future. The company participates in the group's centralised treasury arrangements and so shares banking arrangements with its parent and fellow subsidiaries.

The directors, having assessed the responses of the directors of the company's parent NHC Holdings Limited to their enquiries have no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the NHC Holdings Limited group to continue as a going concern or its ability to continue with the

current banking arrangements.

On the basis of their assessment of the company's financial position and of the enquiries made of the directors of NHC Holdings Limited, the company directors have a reasonable expectation that the company will be able to continue in the operational existence for the foreseeable future. Thus the going concern basis of accounting in

preparing the annual financial statements has been used.

The ultimate parent company NHC Holdings Limited has confirmed its intention to support the company in meeting its liabilities as they fall due, and consequently the financial statements have been prepared on the going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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:

Motor Vehicles	25% on cost
Fixtures & Fittings	at varying rates on cost

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Niagara Therapy(U.K.)Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Pensions

The company 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. Average Number of Employees

Average number of employees during the year was: 8 (2024: 8)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2025	1,654	71,146	72,800

As at 31 December 2025	1,654	71,146	72,800

Depreciation
As at 1 January 2025	1,654	71,146	72,800

As at 31 December 2025	1,654	71,146	72,800

Net Book Value
As at 31 December 2025	-	-	-

As at 1 January 2025	-	-	-

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2025	2

As at 31 December 2025	2

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	2

As at 1 January 2025	2

The company owns 100% of the allotted share capital of Niagara Therapy (UK) Pension Trustees Limited, which is incorporated in England.

The subsidiary's principal activity is that of trustee to NHC Holdings Limited's pension schemes.

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	4,973	2,945
Other debtors	7,274	16,258

	12,247	19,203

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Niagara Therapy(U.K.)Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	42,231	38,537
Bank loans and overdrafts	11,929	7,542
Amounts owed to group undertakings	4,034,196	3,675,129
Other creditors	18,622	22,095
Taxation and social security	1,634	1,185

	4,108,612	3,744,488

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	62,100	62,100

9. Contingent Liabilities

The company has given composite cross guarantees relating to the bank borrowing of certain subsidiary companies. These borrowings amounted to £nil at the year end.

10. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

11. Audit Information

The auditor's report on the accounts of Niagara Therapy(U.K.)Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Katie Wood FCA FCCA (Senior Statutory Auditor) for and on behalf of JWR Audit Limited , Statutory Auditor.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	5		2		2

			2		2
CURRENT ASSETS
Debtors	6	12,247		19,203
Cash at bank and in hand		800		850

		13,047		20,053
Creditors: Amounts Falling Due Within One Year	7	(4,108,612 )		(3,744,488 )

NET CURRENT ASSETS (LIABILITIES)			(4,095,565 )		(3,724,435 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(4,095,563 )		(3,724,433 )

NET LIABILITIES			(4,095,563 )		(3,724,433 )

CAPITAL AND RESERVES
Called up share capital	8		62,100		62,100
Profit and Loss Account			(4,157,663 )		(3,786,533 )

SHAREHOLDERS' FUNDS			(4,095,563)		(3,724,433)