REGISTERED NUMBER: 14763068 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 23 OCTOBER 2025

FOR

ENGAGEWELL CARE LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr Nalinkumar Mansukhlal Morjaria

Mrs Minakshi Morjaria

Mr Bhavin Morjaria

REGISTERED OFFICE:

5 Greenacre Close

Barnet

EN5 4QB

REGISTERED NUMBER:

14763068 (England and Wales)

ACCOUNTANTS:

Sterling Accounts Limited

t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Engagewell Care Limited for the year ended 23 October 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Engagewell Care Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Engagewell Care Limited and state those matters that we have agreed to state to the Board of Directors of Engagewell Care Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Engagewell Care Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Engagewell Care Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Engagewell Care Limited. You consider that Engagewell Care Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Engagewell Care Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sterling Accounts Limited

t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

30 August 2026

FIXED ASSETS

Investments

3

3,693,481

3,693,481

CURRENT ASSETS

Debtors

4

221,601

75,867

CREDITORS

Amounts falling due within one year

5

466,210

419,054

NET CURRENT LIABILITIES

(244,609

)

(343,187

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,448,872

3,350,294

CREDITORS

Amounts falling due after more than one year

6

3,251,834

3,334,105

NET ASSETS

197,038

16,189

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

196,938

16,089

197,038

16,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 23 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 23 October 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2026 and were signed on its behalf by:

Mr Bhavin Morjaria - Director

Mr Nalinkumar Mansukhlal Morjaria - Director

Mrs Minakshi Morjaria - Director

1.	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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 24 October 2024

and 23 October 2025

3,693,481

NET BOOK VALUE

At 23 October 2025

3,693,481

At 23 October 2024

3,693,481

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

178,245

13,580

Other debtors

43,356

62,287

221,601

75,867

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

100,000

Trade creditors

1,560

-

Other creditors

464,650

319,054

466,210

419,054

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,941,667

1,900,000

Other creditors

1,310,167

1,434,105

3,251,834

3,334,105

The aggregate amount of bank loans for which security has been given amounted to £1,941,667 (2024 - £2,000,000). These are secured by way of a fixed and floating charge over all the property and undertaking of the company.

As part of the acquisition of Extrafriend Limited, the company has recognised deferred consideration of £234,105 (2024 - £373,535) within other creditors. Payments are made quarterly over four years with the payments due over 1 year being discounted accordingly to net present value, with the discount unwound in the profit and loss each year.