Company Registration number:
Camelot Care (Somerset) Limited
for the Year Ended 31 December 2025
Camelot Care (Somerset) Limited
Contents
|
|
|
|
Company Information |
|
|
|
|
|
Strategic Report |
|
|
|
|
|
Director's Report |
|
|
|
|
|
Statement of Director's Responsibilities |
|
|
|
|
|
Independent Auditor's Report |
|
|
|
|
|
Profit and Loss Account |
|
|
|
|
|
Statement of Comprehensive Income |
|
|
|
|
|
Balance Sheet |
|
|
|
|
|
Statement of Changes in Equity |
|
|
|
|
|
Notes to the Financial Statements |
Camelot Care (Somerset) Limited
Company Information
|
Director |
P I Teasdale |
|
Company secretary |
P I Teasdale |
|
Registered office |
|
|
Auditors |
|
Camelot Care (Somerset) Limited
Strategic Report for the Year Ended 31 December 2025
The director presents his strategic report for the year ended 31 December 2025.
Principal activity
The principal activity of the company is the operation of a nursing home.
Fair review of the business
Turnover of £7,094,901 (2024: £6,174,062) was converted into a profit for the year, after taxation, of £1,459,566 (2024: £1,302,414).
The company has continued strong trading performance despite the increase in the National Living Wage and continued high administrative and establishment costs.
The company recognises the importance of its workforce and continues to prioritise staffing and recruitment, as well as investing in infrastructure and equipment to ensure the delivery of the highest level of care for our residents.
The management of costs whilst ensuring appropriate weekly rates and high levels of occupancy has been key to ensuring strong trading performance throughout the year.
The director is confident that the approach of reinvesting profits in the company will mean that the home is well placed to consolidate its position in the region as a key strategic partner for the local authority as well as attracting self-funders to its homes through its reputation for delivering high-quality care.
Our key aim above all is to provide outstanding care to our service users in a safe and welcoming environment for residents, their families, and employees.
The home specialises in providing care to people who have dementia and other mental health needs. To help ensure the excellence of our service we monitor and focus on:
1. The provision of high-quality care and support, measured by internal assessments and external confirmation, including the Care Quality Commission (CQC) inspections and reports.
2. Recruitment and retention of quality staff, measured in terms of customer feedback, staff turnover and our success and investment in training our employees with an aim of enhancing the number of staff holding nationally accredited qualifications in care.
3. Maintenance of high levels of occupancy.
Principal risks and uncertainties
The principal risks and uncertainties of the company are:
1. CQC regulation: the health, safety and other regulatory requirements as outlined by the CQC. The group strives to mitigate these risks by providing excellent care to its residents and ensuring its care procedures are continually monitored and updated through regular quality assessment.
2. Interest rate and compliance with banking covenants risk: The group has financed its operations through a mix of short- and medium-term borrowings and available cash balances. The director monitors the interest rate risk and ongoing covenants compliance.
Camelot Care (Somerset) Limited
Strategic Report for the Year Ended 31 December 2025
Approved by the Board on
|
|
Camelot Care (Somerset) Limited
Director's Report for the Year Ended 31 December 2025
The director presents his report and the financial statements for the year ended 31 December 2025.
Director of the company
The director who held office during the year was as follows:
Financial instruments
Objectives and policies
The company's principal financial instruments comprise bank balances, bank loans, trade creditors, trade debtors and group receivables and payables. The main purpose of these instruments is to manage funds to finance the company's operations.
Price risk, credit risk, liquidity risk and cash flow risk
Due to the nature of the financial instruments used by the company there is no exposure to price risk. The company's approach to managing other risks applicable to the financial instruments concerned is shown below.
In respect of bank balances, the liquidity risk is managed by maintaining a balance between the continuity of funding and loans from financial institutions. The interest rate on the loans from financial institutions is variable but the monthly repayments are fixed.
The company manages the liquidity risk by ensuring there are sufficient funds to meet the payments.
Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits.
Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.
Future Developments
The future developments of the business are included within the strategic report.
Approved by the Board on
|
|
Disclosure of information to the auditors
The director has taken steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information. The director confirms that there is no relevant information that he knows of and of which he knows the auditors are unaware.
Camelot Care (Somerset) Limited
Statement of Director's Responsibilities
The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is 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 these financial statements, the director is required to:
|
• |
select suitable accounting policies and apply them consistently; |
|
• |
make judgements and accounting estimates that are reasonable and prudent; |
|
• |
state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
|
• |
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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.
Camelot Care (Somerset) Limited
Independent Auditor's Report to the Members of Camelot Care (Somerset) Limited
Opinion
We have audited the financial statements of Camelot Care (Somerset) Limited (the 'company') for the year ended 31 December 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, 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, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit 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 auditor 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 director's 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 company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.
Camelot Care (Somerset) Limited
Independent Auditor's Report to the Members of Camelot Care (Somerset) Limited
Other information
The director is responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.
Opinion on other matter 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 Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
|
• |
the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements. |
In the light of our 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 and the Director's Report.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where 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 and returns; or |
• | certain disclosures of director's remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of the director
As explained more fully in the Statement of Director's Responsibilities set out on page 5, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Camelot Care (Somerset) Limited
Independent Auditor's Report to the Members of Camelot Care (Somerset) Limited
Auditor 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:
The extent to which the audit was considered capable of detecting irregularities including fraud
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
|
• |
the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; |
|
• |
we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector; |
|
• |
we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, employment, environmental and health, safety legislation and the CQC requirements; |
|
• |
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and |
|
• |
identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. |
We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
|
• |
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and |
|
• |
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. |
To address the risk of fraud through management bias and override of controls, we:
|
• |
performed analytical procedures to identify any unusual or unexpected relationships; |
|
• |
tested journal entries to identify unusual transactions; |
|
• |
assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and |
|
• |
investigated the rationale behind significant or unusual transactions. |
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
Camelot Care (Somerset) Limited
Independent Auditor's Report to the Members of Camelot Care (Somerset) Limited
|
• |
agreeing financial statement disclosures to underlying supporting documentation; |
|
• |
enquiring of management as to actual and potential litigation and claims; and |
|
• |
reviewing correspondence with HMRC and relevant regulators. |
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at 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 an auditor’s report 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.
For and on behalf of
5th Floor
25 King Street
BS1 4PB
Camelot Care (Somerset) Limited
Profit and Loss Account
for the Year Ended 31 December 2025
|
Note |
2025 |
2024 |
|
|
Turnover |
|
|
|
|
Cost of sales |
( |
( |
|
|
Gross profit |
|
|
|
|
Administrative expenses |
( |
( |
|
|
Other operating income |
|
|
|
|
Operating profit |
|
|
|
|
Reversal of depreciation on revaluation |
- |
145,004 |
|
|
Interest payable and similar charges |
( |
( |
|
|
Profit before tax |
|
|
|
|
Taxation |
( |
( |
|
|
Profit for the financial year |
|
|
The above results were derived from continuing operations.
Camelot Care (Somerset) Limited
Statement of Comprehensive Income
for the Year Ended 31 December 2025
|
2025 |
2024 |
|
|
Profit for the year |
|
|
|
Surplus on property, plant and equipment revaluation |
- |
|
|
Deferred tax relating to other comprehensive income |
- |
(585,879) |
|
- |
1,937,743 |
|
|
Total comprehensive income for the year |
|
|
Camelot Care (Somerset) Limited
(Registration number: 06381355)
Balance Sheet as at 31 December 2025
|
Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Tangible assets |
|
|
|
|
Current assets |
|||
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
|
|
|
|
Revaluation reserve |
|
|
|
|
Retained earnings |
|
|
|
|
Shareholders' funds |
|
|
Approved and authorised by the
|
|
Camelot Care (Somerset) Limited
Statement of Changes in Equity
for the Year Ended 31 December 2025
|
Ordinary share capital |
Revaluation reserve |
Profit and loss reserve |
Total |
|
|
At 1 January 2025 |
|
|
|
|
|
Profit for the year |
- |
- |
|
|
|
At 31 December 2025 |
|
|
|
|
|
Ordinary share capital |
Revaluation reserve |
Profit and loss reserve |
Total |
|
|
At 1 January 2024 |
100 |
2,701,738 |
6,819,237 |
9,521,075 |
|
Movement in year : |
||||
|
Profit for the year |
- |
- |
1,302,414 |
1,302,414 |
|
Gain on revaluation of property |
- |
- |
2,523,622 |
2,523,622 |
|
Deferred tax relating to other comprehensive income |
- |
- |
(585,879) |
(585,879) |
|
Total comprehensive income |
- |
- |
3,240,157 |
3,240,157 |
|
Revaluation of freehold property |
- |
2,523,622 |
(2,523,622) |
- |
|
Transfer of deferred tax on fair value adjustments |
- |
(585,879) |
585,879 |
- |
|
Total movement for the year |
- |
1,937,743 |
1,302,414 |
3,240,157 |
|
At 31 December 2024 |
100 |
4,639,481 |
8,121,651 |
12,761,232 |
Camelot Care (Somerset) Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025
|
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
Camelot House Nursing Home
Taunton Road
Chelston
Wellington
Somerset
TA21 9HY
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
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.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are presented in Sterling (£).
Summary of disclosure exemptions
The company has taken advantage of the exemption from preparing a statement of cash flows, net debt reconciliation and from all other requirements of Section 11, Basic Financial Instruments and Section 12, Other Financial Instruments Issues, as the company is a member of a group that prepares publicly available consolidated financial statements.
The company has taken advantage of the exemption in FRS102 1.12(c) from disclosing transactions with the wholly owned members of the group.
Camelot Care (Somerset) Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025
Going concern
The director has made the assessment that the company is a going concern and these financial statements are prepared on that basis. The assessment took into account the forecasts and projections to assess that the company has adequate resources to continue in operational existence for the foreseeable future.
Judgements
The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the statement of financial position date and the amounts reported for revenues and expenses during the year. However the nature of estimation means that actual outcomes could differ from those estimates. The following judgements have had the most significant effect on amounts recognised in the financial statements. |
Turnover recognition
Revenue represents the fair value of consideration receivable, excluding Value Added Tax, in the ordinary course of business for services provided.
Revenue from residents of the care homes is recognised and apportioned on the basis of usage, and accrued or deferred as appropriate.
Government grants
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the statement of comprehensive income in the same period as the related expenditure.
Other operating income
Other operating income is recognised on receipt.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Camelot Care (Somerset) Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025
Deferred tax is recognised on timing differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.
Tangible assets
Tangible assets are stated at cost, less accumulated depreciation and accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Freehold property |
- 2% on cost, Land - nil |
|
Fixtures and fittings |
- 25% reducing balance |
|
Motor vehicles |
- 25% reducing balance |
|
Computer equipment |
- 25% reducing balance |
Revaluation of tangible fixed assets
Individual freehold and leasehold properties are carried at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.
Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Camelot Care (Somerset) Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025
Debtors
Trade debtors are amounts due from customers for merchandise sold 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.
Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Assets held under hire purchase agreements are capitalised as tangible fixed assets with the future obligation being recognised as a liability. Finance costs are recognised in the Profit and Loss Account calculated at a constant periodic rate of interest over the term of the liability.
Reserves
Called up share capital represents the nominal value of shares that have been issued.
Profit and loss account includes all current and prior period profits and losses.
Revaluation reserve is the surplus or deficit arising on the revaluation of an asset of a company.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Camelot Care (Somerset) Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025
Defined contribution pension obligation
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Financial instruments
Classification
Financial assets – trade and other debtors, accrued income, amounts owed by group undertakings
and other debtors are basic financial instruments, and are debt instruments measured at amortised
cost. Prepayments are not financial instruments.
Cash at bank – is classified as a basic financial instrument and is measured at face value.
Financial liabilities – trade creditors, amounts owed to group undertakings, bank loans, accrued expenses and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security and corporation tax creditors are not included in the financial instruments disclosure definition.
|
Turnover |
The analysis of the company's turnover for the year from continuing operations is as follows:
|
2025 |
2024 |
|
|
Rendering of services |
|
|
|
Other operating income |
The analysis of the company's other operating income for the year is as follows:
|
2025 |
2024 |
|
|
Other operating income |
|
|
Camelot Care (Somerset) Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest expense on other finance liabilities |
|
|
|
Staff costs |
The aggregate payroll costs (including director's remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
Other employee expense |
|
|
|
|
|
The average number of persons employed by the company (including the director) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Administration and support |
|
|
|
|
|
Camelot Care (Somerset) Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025
|
Director's remuneration |
The director's remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase schemes |
|
|
|
17,746 |
22,674 |
During the year the number of directors who were receiving benefits and share incentives was as follows:
|
2025 |
2024 |
|
|
Accruing benefits under money purchase pension scheme |
|
|
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of the financial statements |
|
|
Camelot Care (Somerset) Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025
|
Taxation |
Tax charged/(credited) in the profit and loss account
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
UK corporation tax adjustment to prior periods |
( |
- |
|
374,427 |
403,658 |
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
|
- |
|
Tax expense in the income statement |
|
|
The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
2024 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Decrease in UK and foreign current tax from adjustment for prior periods |
( |
- |
|
Tax increase from effect of capital allowances and depreciation |
|
- |
|
Tax decrease arising from group relief |
( |
( |
|
Other tax effects for reconciliation between accounting profit and tax expense (income) |
(21) |
572 |
|
Total tax charge |
|
|
From 1 April 2023, the Corporation Tax main rate for non-ring fenced profits will be increased to 25% applying to profits over £250,000. Companies with profits of £50,000 or less will continue to pay Corporation Tax at 19%. Companies with profits between £50,000 and £250,000 will pay tax at the main rate reduced by a marginal relief providing a gradual increase in the effective Corporation Tax rate.
Camelot Care (Somerset) Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025
|
Tangible assets |
|
Freehold property |
Fixtures, fittings and equipment |
Motor vehicles |
Computer equipment |
Properties under construction |
Total |
|
|
Cost or valuation |
||||||
|
At 1 January 2025 |
|
|
|
|
|
|
|
Additions |
- |
|
|
|
|
|
|
Disposals |
- |
( |
( |
( |
- |
( |
|
At 31 December 2025 |
|
|
|
|
|
|
|
Depreciation |
||||||
|
At 1 January 2025 |
- |
|
|
|
- |
|
|
Charge for the year |
|
|
|
|
- |
|
|
Eliminated on disposal |
- |
( |
( |
( |
- |
( |
|
At 31 December 2025 |
|
|
|
|
- |
|
|
Carrying amount |
||||||
|
At 31 December 2025 |
|
|
|
|
|
|
|
At 31 December 2024 |
|
|
|
|
|
|
Included within the net book value of land and buildings above is £10,078,318 (2024 - £10,273,797) in respect of freehold land and buildings.
Camelot Care (Somerset) Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025
Cost or valuation at 31 December 2025 is represented by:
|
Freehold property |
Fixture fittings & equipment |
Motor vehicles |
Computer equipment |
Properties under construction |
Totals |
|
|
£ |
£ |
£ |
£ |
£ |
£ |
|
|
Valuation in 2024 |
2,523,622 |
- |
- |
- |
- |
2,523,622 |
|
Valuation in 2023 |
737,221 |
- |
- |
- |
- |
737,221 |
|
Valuation in 2022 |
946,530 |
- |
- |
- |
- |
946,530 |
|
Valuation in 2020 |
(133,759) |
- |
- |
- |
- |
(133,759) |
|
Valuation in 2018 |
(234,000) |
- |
- |
- |
- |
(234,000) |
|
Valuation in 2014 |
1,578,734 |
- |
- |
- |
- |
1,578,734 |
|
Cost |
4,855,449 |
591,144 |
35,594 |
30,535 |
192,863 |
5,705,585 |
|
10,273,797 |
591,144 |
35,594 |
30,535 |
192,863 |
11,123,933 |
If freehold land and buildings had not been revalued they would have been included at the following historical cost:
|
2025 |
2024 |
||
|
£ |
£ |
||
|
Cost |
4,855,449 |
4,855,449 |
|
|
Aggregate depreciation |
814,980 |
717,871 |
|
|
Value of land in freehold land and buildings |
500,000 |
500,000 |
|
The property (including its fixtures and fittings) were revalued at £10,600,000 in October 2024 by T Harrison MRICS and A Burchell MRICS of Avison Young, professional valuers.
The Director having made appropriate enquiries has adopted a similar model to arrive at the current year-end valuation.
Camelot Care (Somerset) Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025
|
Debtors |
|
Note |
2025 |
2024 |
|
|
Trade debtors |
|
|
|
|
Amounts owed by group undertakings |
|
|
|
|
Other debtors |
|
|
|
|
Prepayments |
|
|
|
|
Accrued income |
|
|
|
|
|
|
|
Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash on hand |
( |
|
|
Cash at bank |
|
|
|
|
|
|
Creditors |
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
|
|
|
Trade creditors |
|
|
|
|
Social security and other taxes |
|
|
|
|
Other creditors |
|
|
|
|
Accrued expenses |
|
|
|
|
Corporation tax |
|
|
|
|
|
|
||
|
Due after one year |
|||
|
Loans and borrowings |
|
|
Camelot Care (Somerset) Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025
|
Provisions for liabilities |
|
Deferred tax |
Total |
|
|
At 1 January 2025 |
|
|
|
Increase (decrease) in existing provisions |
|
|
|
At 31 December 2025 |
|
|
|
|
||
Deferred tax
Deferred tax assets and liabilities:
|
2025 |
Asset |
Liability |
|
Accelerated tax depreciation |
- |
|
|
Revaluation of property |
- |
|
|
- |
|
|
2024 |
Asset |
Liability |
|
Accelerated tax depreciation |
|
- |
|
Revaluation of property |
- |
|
|
|
|
|
Loans and borrowings |
Current loans and borrowings
|
2025 |
2024 |
|
|
Bank borrowings |
|
|
Non-current loans and borrowings
|
2025 |
2024 |
|
|
Bank borrowings |
|
|
Included in bank and borrowings is a bank loan which is denominated in sterling with a nominal interest rate of 1.65% above the Bank of England base rate, repayable in monthly instalments to 26 May 2030. The carrying amount at the year end is £1,005,000 (2024 - £813,059).
The bank borrowings are secured on a fixed and floating charge across all assets including cross guarantees within the Camelot Care Group and a personal guarantee from the Director.
Camelot Care (Somerset) Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
100 |
|
100 |
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
|
Related party transactions |
Key management personnel
The director is the only individual classified as key management personnel. See Director's remuneration note 8.
Summary of transactions with parent
Camelot Care (Somerset) Limited
Notes to the Financial Statements
for the Year Ended 31 December 2025
Summary of transactions with other related parties
During the year the company was supplied with services from Able Angels amounting to £769,092 (2024: £626,056). At the year end the amount owed to Able Angels was £137,733 (2024: £14,234).
Park Asset Management Limited
A company owned by Mr S Teasdale, a shareholder of the parent company.
During the year the company was supplied with services from Park Asset Management Ltd amounting to £24,700 (2024: £22,858). At the year end the amount owed to/by Park Asset Management Ltd was £nil (2024: £nil).
Bavent Asset Management Limited
A company owned by Mr P Teasdale, a director of the parent company.
During the year the company was supplied with services from Bavent Asset Management Ltd amounting to £17,680 (2024: £17,680) and provided services amounting to £nil (2024: £140). At the year end the amount owed to/by Bavent Asset Management Ltd was £nil (2024: £nil).
|
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate controlling party is