REGISTERED NUMBER: 06631994 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

GRACE CARE HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Navaratnarajah

SECRETARY:

P Navaratnarajah

REGISTERED OFFICE:

2 The Links

Herne Bay

Kent

CT6 7GQ

BUSINESS ADDRESS:

122 De La Warr Road

Bexhill

East Sussex

TN40 2JL

REGISTERED NUMBER:

06631994 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

2 The Links

HERNE BAY

Kent

CT6 7GQ

FIXED ASSETS

Intangible assets

5

73,500

98,000

Tangible assets

6

1,111,540

1,141,921

1,185,040

1,239,921

CURRENT ASSETS

Debtors

7

24,284

25,728

Cash at bank

12,811

65,833

37,095

91,561

CREDITORS

Amounts falling due within one year

8

181,993

172,928

NET CURRENT LIABILITIES

(144,898

)

(81,367

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,040,142

1,158,554

CREDITORS

Amounts falling due after more than one year

9

(1,024,660

)

(1,078,994

)

PROVISIONS FOR LIABILITIES

(14,301

)

(15,026

)

NET ASSETS

1,181

64,534

CAPITAL AND RESERVES

Called up share capital

10

1,100

1,100

Retained earnings

81

63,434

SHAREHOLDERS' FUNDS

1,181

64,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 25th September 2026 and were signed by:

P Navaratnarajah - Director

1.	STATUTORY INFORMATION

Grace Care Homes Limited 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 financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Land and buildings

-

2% straight line

Plant and machinery etc

-

25% on a straight line basis and 12.5% on reducing balance

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.

Going concern

The Director's have given due consideration to the Going Concern position of the company and, believe there are sufficient resources to ensure the company is able to fulfil liabilities as they fall due. As a result of that review, the accounts are prepared on the going concern basis.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2024 - 33 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1st January 2025

and 31st December 2025

490,000

600

490,600

AMORTISATION

At 1st January 2025

392,000

600

392,600

Charge for year

24,500

-

24,500

At 31st December 2025

416,500

600

417,100

NET BOOK VALUE

At 31st December 2025

73,500

-

73,500

At 31st December 2024

98,000

-

98,000

6.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1st January 2025

1,279,643

2,467

89,481

21,518

1,393,109

Additions

-

575

1,021

529

2,125

At 31st December 2025

1,279,643

3,042

90,502

22,047

1,395,234

DEPRECIATION

At 1st January 2025

179,491

1,783

52,027

17,887

251,188

Charge for year

25,593

543

4,778

1,592

32,506

At 31st December 2025

205,084

2,326

56,805

19,479

283,694

NET BOOK VALUE

At 31st December 2025

1,074,559

716

33,697

2,568

1,111,540

At 31st December 2024

1,100,152

684

37,454

3,631

1,141,921

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

13,385

11,493

Other debtors

10,899

14,235

24,284

25,728

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

71,003

58,533

Hire purchase contracts

-

282

Trade creditors

12,502

1,475

Taxation and social security

27,125

42,052

Other creditors

71,363

70,586

181,993

172,928

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

974,660

1,028,994

Other creditors

50,000

50,000

1,024,660

1,078,994

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

1,100

1,100

11.	EVENTS AFTER THE REPORTING DATE

In March 2026 the company refinanced its loan of £1,027,027 with Unity Trust Bank Plc. With a new loan balance of £1,190,000. The loan is secured against Ambleside Care Home. The refinancing took place after the reporting date, so the financial statements for the year ended 31 December 2025 have not been adjusted.

12.	SECURED DEBTS

Metro Bank PLC held a fixed charge over all assets of the company, including the freehold property.