REGISTERED NUMBER: 07703591 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SPRINGCARE (KNUTSFORD) LIMITED

Page

Company Information

1

Group Strategic Report

2

to

4

Report of the Director

5

Report of the Independent Auditors

6

to

9

Consolidated Statement of Comprehensive Income

10

Consolidated Statement of Financial Position

11

Company Statement of Financial Position

12

Consolidated Statement of Changes in Equity

13

Company Statement of Changes in Equity

14

Consolidated Statement of Cash Flows

15

Notes to the Consolidated Statement of Cash Flows

16

Notes to the Consolidated Financial Statements

17

to

31

DIRECTOR:

L D Cox

REGISTERED OFFICE:

Nicholson House

Shakespeare Way

Whitchurch

SY13 1LJ

BUSINESS ADDRESS:

Bucklow Manor Nursing Home

Chester Road

Bucklow Hill

Knutsford

Cheshire

WA16 6RR

REGISTERED NUMBER:

07703591 (England and Wales)

SENIOR STATUTORY AUDITOR:

Michelle Coates

AUDITORS:

Sumer Auditco Limited

Chartered Accountants & Statutory Auditors

Stone House

Stone Road Business Park

Stoke-on-Trent

ST4 6SR

The director presents his strategic report of the company and the group for the year ended 31 December 2025.

Financial summary

The results for the year and financial position of the company are shown in the annexed statements.

The director is pleased with the 2025 contribution for the year from the group’s two homes. The group has achieved good fee rates and occupancy levels. Occupancy in 2025 continues to show positive growth.

Occupancy levels at Bucklow Manor have increased by 3% in 2025 compared to the prior year, together with an increase in the average fee by 5%. We continue to monitor staffing levels to ensure optimal staffing within the home. With the improvement of the CQC rating to “Good” at Bucklow Manor in 2023, we anticipate that with the increase in occupancy, the average fee will rise in the future.

Occupancy levels at Henning Hall have remained the same as the 2024 levels, while average fees decreased by 1.61%. Staffing levels continue to be closely monitored to ensure the home remains appropriately resourced. In 2025, the home was inspected by the CQC, with the rating maintained at “Good.” As a result, we anticipate that strong occupancy and fee levels will be sustained going forward.

The Group operates within a highly competitive market, which limits the extent to which fee increases can be implemented. The sector uses a significant amount of labour, energy and food, costs of which all saw price growth in the year. Price monitoring and market research are carried out to help mitigate such risks.

Key performance indicators

The key performance indicators used to monitor progress of the Company against its objectives are:

•Average occupancy

•Average weekly fee levels

•Staff turnover and retention

•Staff and agency costs

•EBITDA

•Compliance with changing legislation i.e. CQC, HSE

Financial

The director regularly monitors EBITDA, occupancy, fee levels and agency costs.

Due to occupancy rising in 2025, staff retention and recruitment is as important as ever within our Group and Company, and a challenge for the Care Sector.

We have seen an improvement in recruitment and retention in 2025 of staff for all roles across the group.

Financial KPI's

2025

2024

Turnover

6,124,392

5,933,139

Gross Profit

2,274,591

2,384,095

Gross Profit %

37.14%

40.18%

Profit before tax

963,473

1,324,274

EBITDA

1,424,353

1,749,973

Non-Financial

Staff KPI's include the review of retention of staff, together with monitoring staff recruitment and ensuring the training of our staff.

Clinical quality monitors safety, service user experience and management education and training and development.

KEY RISKS AND UNCERTAINTIES

The company faces a number of risks and uncertainties from external factors. The following are the most significant;

Reputation

Serious events related to the delivery of care services have the potential to generate negative media coverage and increase scrutiny from both regulators and the families of residents.

To reduce this risk, we provide ongoing training to all staff through a structured programme that includes both mandatory and specialist development. All care staff undergo Disclosure and Barring Service (DBS) checks. We also utilise a leading electronic compliance system to monitor adherence to care standards. Robust procedures are in place to report and review risks and incidents, with lessons learned integrated into practice to help prevent recurrence.

Competition

The Group tries to remain as competitive as possible within the geographical locations of our homes. The business monitors prices to ensure its services are appropriately priced to compete and provide value for residents.

Other key considerations are population density, age profile and the availability of staff.

Industry sources suggest that the UK’s over-65 population is projected to increase by 8.6 million over the next 50 years with nearly a quarter of the population being over 65 in 2043. Growth in care home bed supply has remained comparatively flat at a bed supply growth of 2.9% over the last decade versus approximately 20.7% growth in the over-65 population over the same period. If current trends persist, the UK could face a bed shortfall of around 200,000 by 2050.

Financial risk management

The company’s operations expose it to a variety of financial risks that include the effects of changes in credit risk, liquidity risk and interest rate risk. The company has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the group by monitoring levels of finance and related finance costs.

Key procedures include;

•monthly management account reporting

•regular cashflow re-forecasting as circumstances change; and

•involvement of the management team in the day-to-day operations of the Company and it’s subsidiaries

Fee revenue

A proportion of the company’s turnover is derived from government funded clients and as such increases in fee rates are important for the company to maintain its margins. If fee rates do not increase in line with costs then the company is likely to suffer lower margins as a result.

Quality and regulation

Both care homes within the group have an overall rating of Good.

The success of the homes is reliant on compliance with our regulators. We continue to strive to provide high quality services within a challenging economic time and are fully aware of any failure to comply could include financial penalties, revocation of licences to operate and damage to reputation. The current portfolio of homes in relation to overall compliance finds the Company in a strong position.

Property risks

Property risks include the potential for significant events such as major fires, legionella outbreaks, structural damage, or critical equipment failure. A serious fire could pose a direct threat to the safety of residents and staff, while the loss of key infrastructure or equipment could severely disrupt care delivery.

To mitigate these risks, external fire risk assessments are conducted annually or at the latest every three years, with interim internal reviews ensuring any emerging concerns, whether that is structural or operational, are promptly addressed. We aim for full compliance across all statutory planned maintenance activities, including routine checks of fire alarms and gas systems.

Staff training is a key element of our fire safety strategy, ensuring that team members are not only prepared to respond to emergencies but are also aware of potential fire hazards. Additionally, all care homes operate under a legionella testing and compliance schedule. Our overall approach remains strongly risk-averse, prioritising safety and service continuity at all times.

Future developments

The group plans to continue to develop and deliver high quality nursing and residential services.

As part of our commitment to improving operational efficiency we introduced an electronic medication administration record system to enhance medication management, providing greater accuracy, real time visibility and clearer, more consistent records across our homes.

Taxation and PAYE

During the year, the Springcare Knutsford Group have paid £1,191,028 to HM Revenue and Customs in the form of payroll and corporation taxes.

ON BEHALF OF THE BOARD:

L D Cox - Director

25 September 2026

The director presents his report with the financial statements of the company and the group for the year ended 31 December 2025.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2025.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTOR

L D Cox held office during the whole of the period from 1 January 2025 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director 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 the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the 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 group's auditors are aware of that information.

AUDITORS

The auditors are deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

ON BEHALF OF THE BOARD:

L D Cox - Director

25 September 2026

Opinion

We have audited the financial statements of Springcare (Knutsford) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, 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 group's and of the parent company affairs as at 31 December 2025 and of the group's 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group 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 group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are 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.

Other information

The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors 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 this gives rise to a material misstatement in the financial statements themselves. 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.

Opinions on other matters 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 Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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 director

As explained more fully in the Statement of Director's Responsibilities set out on page five, 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 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 group's and the parent 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 group or the parent company or to cease operations, or has no realistic alternative but to do so.

Auditors' 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 a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

o the nature of the industry and sector, control environment and business performance including the design of the company remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets;

o results of our enquiries of management about their own identification and assessment of the risks of irregularities;

o any matters we identified having obtained and reviewed the company documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

o the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

Based on this approach, we were able to assess the company risks and ensure the risks were considered throughout all areas of audit testing. The audit team was professionally sceptical throughout the audit and remained alert for inaccurate or misleading information.

Audit response to risks identified

As a result of performing the above, we identified the outcome of CQC inspections of the company's trading subsidiaries as a key audit matter related to the potential risk of fraud or irregularities.

Our procedures to respond to risks identified included the following:

o reviewing the outcome of CQC inspections and other correspondence with CQC.

o reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

o enquiring of management concerning actual and potential litigation and claims;

o performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

o obtaining an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

o in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Audit testing was completed on a targeted sample basis based on our assessment of risk and materiality. Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

-

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

-	Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control.

-	Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the director.

-

Conclude on the appropriateness of the director's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group or the parent company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Report of the Auditors to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Report of the Auditors. However, future events or conditions may cause the group or the parent company to cease to continue as a going concern.

-	Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

-	Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express and opinion on the consolidated financial statements.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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 a Report of the Auditors 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.

Michelle Coates (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

Chartered Accountants & Statutory Auditors

Stone House

Stone Road Business Park

Stoke-on-Trent

ST4 6SR

29 September 2026

TURNOVER

6,124,392

5,933,139

Cost of sales

(3,849,801

)

(3,549,044

)

GROSS PROFIT

2,274,591

2,384,095

Administrative expenses

(920,822

)

(736,216

)

1,353,769

1,647,879

Other operating income

-

5,600

OPERATING PROFIT

4

1,353,769

1,653,479

Interest payable and similar expenses

5

(390,296

)

(329,205

)

PROFIT BEFORE TAXATION

963,473

1,324,274

Tax on profit

6

(238,925

)

(332,971

)

PROFIT FOR THE FINANCIAL YEAR

724,548

991,303

FIXED ASSETS

Tangible assets

8

15,741,521

15,723,797

Investments

9

-

-

15,741,521

15,723,797

CURRENT ASSETS

Stocks

10

5,104

3,089

Debtors

11

5,938,364

5,398,142

Cash at bank and in hand

40,700

174,850

5,984,168

5,576,081

CREDITORS

Amounts falling due within one year

12

(950,904

)

(6,128,402

)

NET CURRENT ASSETS/(LIABILITIES)

5,033,264

(552,321

)

TOTAL ASSETS LESS CURRENT LIABILITIES

20,774,785

15,171,476

CREDITORS

Amounts falling due after more than one year

13

(9,405,535

)

(4,532,046

)

PROVISIONS FOR LIABILITIES

16

(14,509

)

(9,237

)

NET ASSETS

11,354,741

10,630,193

CAPITAL AND RESERVES

Called up share capital

17

100

100

Non-distributable reserve

18

10,066,894

10,066,894

Retained earnings

18

1,287,747

563,199

SHAREHOLDERS' FUNDS

11,354,741

10,630,193

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

L D Cox - Director

FIXED ASSETS

Tangible assets

8

4,282,077

4,300,000

Investments

9

200

200

4,282,277

4,300,200

CURRENT ASSETS

Stocks

10

1,717

1,183

Debtors

11

4,203,949

4,093,429

Cash at bank and in hand

31,019

37,372

4,236,685

4,131,984

CREDITORS

Amounts falling due within one year

12

(4,415,575

)

(4,305,314

)

NET CURRENT LIABILITIES

(178,890

)

(173,330

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,103,387

4,126,870

CREDITORS

Amounts falling due after more than one year

13

(2,355,535

)

(2,416,256

)

PROVISIONS FOR LIABILITIES

16

(622

)

(2,039

)

NET ASSETS

1,747,230

1,708,575

CAPITAL AND RESERVES

Called up share capital

17

100

100

Non-distributable reserve

18

2,264,971

2,264,971

Retained earnings

18

(517,841

)

(556,496

)

SHAREHOLDERS' FUNDS

1,747,230

1,708,575

Company's profit for the financial year

38,655

18,854

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

L D Cox - Director

Called up

share

Retained

Non-distributable

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2024

100

(428,104

)

2,660,409

2,232,405

Changes in equity

Total comprehensive income

-

991,303

7,801,923

8,793,226

Revaluation of fixed assets

-

-

(395,438

)

(395,438

)

Balance at 31 December 2024

100

563,199

10,066,894

10,630,193

Changes in equity

Total comprehensive income

-

724,548

-

724,548

Balance at 31 December 2025

100

1,287,747

10,066,894

11,354,741

Called up

share

Retained

Non-distributable

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2024

100

(575,350

)

2,660,409

2,085,159

Changes in equity

Total comprehensive income

-

18,854

-

18,854

Revaluation of fixed assets

-

-

(395,438

)

(395,438

)

Balance at 31 December 2024

100

(556,496

)

2,264,971

1,708,575

Changes in equity

Total comprehensive income

-

38,655

-

38,655

Balance at 31 December 2025

100

(517,841

)

2,264,971

1,747,230

Cash flows from operating activities

Cash generated from operations

1

1,196,551

980,070

Interest paid

(387,988

)

(324,234

)

Interest element of hire purchase or finance lease rental payments paid

(2,308

)

(4,971

)

Tax paid

(377,782

)

(323,256

)

Net cash from operating activities

428,473

327,609

Cash flows from investing activities

Purchase of tangible fixed assets

(88,308

)

(103,910

)

Net cash from investing activities

(88,308

)

(103,910

)

Cash flows from financing activities

New loans in year

4,750,080

-

Loan repayments in the year

-

(180,059

)

Amounts paid to connected companies

(5,224,395

)

-

Net cash from financing activities

(474,315

)

(180,059

)

(Decrease)/increase in cash and cash equivalents

(134,150

)

43,640

Cash and cash equivalents at beginning of year

2

174,850

131,210

Cash and cash equivalents at end of year

2

40,700

174,850

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.12.25

31.12.24

£

£

Profit before taxation

963,473

1,324,274

Depreciation charges

70,584

96,495

Finance costs

390,296

329,205

1,424,353

1,749,974

Increase in stocks

(2,015

)

-

Increase in trade and other debtors

(330,815

)

(1,038,017

)

Increase in trade and other creditors

105,028

268,113

Cash generated from operations

1,196,551

980,070

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

40,700

174,850

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

174,850

209,919

Bank overdrafts

-

(78,709

)

174,850

131,210

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank and in hand

174,850

(134,150

)

40,700

174,850

(134,150

)

40,700

Debt

Debts falling due within 1 year

(193,397

)

123,409

(69,988

)

Debts falling due after 1 year

(4,532,046

)

(4,873,489

)

(9,405,535

)

(4,725,443

)

(4,750,080

)

(9,475,523

)

Total

(4,550,593

)

(4,884,230

)

(9,434,823

)

1.	STATUTORY INFORMATION

Springcare (Knutsford) 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 General Information page.

The principal activity of the company is that of the provision of residential and care services for the elderly.

2.	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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the entity.

GOING CONCERN

The company is a connected company of the Springcare Limited Group because they are both under common control of the director Mr L D Cox and his close family. The Springcare Limited group provide financial support to the company.

The Springcare group forecast shows positive results and cash generation. The director has considered the current inflationary environment and the forecast takes into account cost pressures within the group. Occupancy levels for the Springcare Limited Group have steadily increased during the year and have continued to improve in the new financial year, which encourages us to believe that our forecasts are achievable.

The Director also considers that there is a reasonable expectation that the Company will have sufficient financial support from its fellow group companies when required and therefore have adequate resources to remain in operation for the foreseeable future. For this reason, the Director continues to adopt the going concern basis in preparing the financial statements.

FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102:

(a) Disclosures in respect of each class of share capital have not been presented.

(b) No cash flow statement has been presented for the company.

(c) No disclosure has been given for the aggregate remuneration of key management personnel.

BASIS OF CONSOLIDATION

The consolidated financial statements incorporate the financial statements of the company and all group undertakings. These are adjusted, where appropriate, to conform to group accounting policies. Acquisitions are accounted for under the acquisition method. The results of companies acquired or disposed of are included in the profit and loss account after or up to the date that control passes respectively. As a consolidated profit and loss account is published, a separate profit and loss account for the parent company is omitted from the group financial statements by virtue of section 408 of the Companies Act 2006.