REGISTERED NUMBER: 04676103 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

SEYMOUR HOUSE RESIDENTIAL CARE HOMES

LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Income Statement

7

Other Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

13

DIRECTORS:

M Rhemtulla

S Rhemtulla

Y Jamani

SECRETARY:

S Rhemtulla

REGISTERED OFFICE:

Seymour House

38 Chester Road

Northwood

Middlesex

HA6 1BQ

REGISTERED NUMBER:

04676103 (England and Wales)

AUDITORS:

Agnon LLP

Chartered Certified Accountants &

Statutory Auditors

Kelvin House

Kelvin Way

Crawley

West Sussex

RH10 9WE

The directors present their strategic report for the year ended 31 March 2026.

REVIEW OF BUSINESS

The results for the year and the financial position at the year end were considered satisfactory by the directors who expect growth in the foreseeable future.

The business environment was challenging during the year due to staff shortages and higher interest rates. However directors managed the business well despite these challenges and overall performance has improved.

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and execution of our strategy are subject to number of risks. The following section comprises a summary of the main risks which we believe could potentially impact upon our operating and financial performance.

The company is exposed to price risk, credit risk and liquidity risk.

The company has limited exposure to price risk. The company's policy includes review and assessment of care plans, identifying and managing the risk by entering into price negotiations with the local authority or other service users.

Foreign currency risk - The company has no exposure to foreign currency fluctuations.

Interest rate risk - The company has significant exposure to fluctuations in interest rates. The company has policies and procedures in place to identify and manage such risk and in the current economic conditions the risk is considered minimal.

Credit risk - The company's credit risk is minimal.

Liquidity and cashflow risk - The company ensures that there is availability of funding through committed facilities to meet all of its operational requirements.

Legal - The company is subject to various legal and compliance regulations. The company takes this responsibility seriously and ensures that its policies, systems and procedures are continually updated and comply with legal requirements and best practice.

OTHER PERFORMANCE INDICATORS

2026

2025

Turnover (GBP £'000)

2,016

3,646

Gross profit %

38.97

29.90

Net profit %

19.67

13.72

ON BEHALF OF THE BOARD:

S Rhemtulla - Secretary

14 September 2026

The directors present their report with the financial statements of the company for the year ended 31 March 2026.

DIVIDENDS

An interim dividend of £1.50 per share was paid on 31 March 2026. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 March 2026 will be £ 1,500 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2025 to the date of this report.

M Rhemtulla

S Rhemtulla

Y Jamani

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are 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 directors are 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 directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Agnon LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

S Rhemtulla - Secretary

14 September 2026

Opinion

We have audited the financial statements of Seymour House Residential Care Homes Limited (the 'company') for the year ended 31 March 2026 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, 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 March 2026 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 Auditors' 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 directors' 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 financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, 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 Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

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 directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are 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 directors determine 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 directors are 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 directors either intend to liquidate the company or to cease operations, or have 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:

- 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;

- Enquiring of management, the Audit & Risk Committee in-house and external legal counsel concerning actual and potential litigation and claims;

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

- Reading minutes of meetings of those charged with governance;

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

- 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.

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 Report of the Auditors.

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.

M I Ashraf FCCA (Senior Statutory Auditor)

for and on behalf of Agnon LLP

Chartered Certified Accountants &

Statutory Auditors

Kelvin House

Kelvin Way

Crawley

West Sussex

RH10 9WE

14 September 2026

TURNOVER

2,015,978

3,646,423

Cost of sales

1,230,424

2,555,422

GROSS PROFIT

785,554

1,091,001

Administrative expenses

388,961

(594,612

)

OPERATING PROFIT

4

396,593

1,685,613

Interest receivable and similar income

57,694

1,569

454,287

1,687,182

Interest payable and similar expenses

5

57,718

230,206

PROFIT BEFORE TAXATION

396,569

1,456,976

Tax on profit

6

58,470

164,764

PROFIT FOR THE FINANCIAL YEAR

338,099

1,292,212

PROFIT FOR THE YEAR

338,099

1,292,212

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

338,099

1,292,212

FIXED ASSETS

Intangible assets

8

-

-

Tangible assets

9

4,513,185

3,392,640

4,513,185

3,392,640

CURRENT ASSETS

Debtors

10

59,063

36,947

Cash at bank and in hand

4,463,267

5,500,218

4,522,330

5,537,165

CREDITORS

Amounts falling due within one year

11

1,577,586

1,864,472

NET CURRENT ASSETS

2,944,744

3,672,693

TOTAL ASSETS LESS CURRENT LIABILITIES

7,457,929

7,065,333

PROVISIONS FOR LIABILITIES

13

118,587

62,590

NET ASSETS

7,339,342

7,002,743

CAPITAL AND RESERVES

Called up share capital

14

999

999

Retained earnings

15

7,338,343

7,001,744

SHAREHOLDERS' FUNDS

7,339,342

7,002,743

The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2026 and were signed on its behalf by:

M Rhemtulla - Director

S Rhemtulla - Director

Y Jamani - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2024

999

5,711,032

5,712,031

Changes in equity

Total comprehensive income

-

1,292,212

1,292,212

Dividends

-

(1,500

)

(1,500

)

Balance at 31 March 2025

999

7,001,744

7,002,743

Changes in equity

Total comprehensive income

-

338,099

338,099

Dividends

-

(1,500

)

(1,500

)

Balance at 31 March 2026

999

7,338,343

7,339,342

Cash flows from operating activities

Cash generated from operations

1

463,919

834,766

Interest paid

(57,718

)

(228,974

)

Interest element of hire purchase or finance lease rental payments paid

-

(1,232

)

Tax paid

(133,528

)

(155,128

)

Net cash from operating activities

272,673

449,432

Cash flows from investing activities

Purchase of tangible fixed assets

(1,339,985

)

(600,110

)

Sale of intangible fixed assets

-

1,350,000

Sale of tangible fixed assets

-

3,056,015

Interest received

57,694

1,569

Net cash from investing activities

(1,282,291

)

3,807,474

Cash flows from financing activities

Loan repayments in year

-

(2,579,530

)

Amount introduced by directors

59,218

60,111

Amount withdrawn by directors

(79,138

)

(80,881

)

Equity dividends paid

(1,500

)

(1,500

)

Net cash from financing activities

(21,420

)

(2,601,800

)

(Decrease)/increase in cash and cash equivalents

(1,031,038

)

1,655,106

Cash and cash equivalents at beginning of year

2

5,482,397

3,827,291

Cash and cash equivalents at end of year

2

4,451,359

5,482,397

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

31.3.26

31.3.25

£

£

Profit before taxation

396,569

1,456,976

Depreciation charges

219,440

99,366

Profit on disposal of fixed assets

-

(956,809

)

Finance costs

57,718

230,206

Finance income

(57,694

)

(1,569

)

616,033

828,170

Increase in trade and other debtors

(22,116

)

(10,078

)

(Decrease)/increase in trade and other creditors

(129,998

)

16,674

Cash generated from operations

463,919

834,766

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2026

31.3.26

1.4.25

£

£

Cash and cash equivalents

4,463,267

5,500,218

Bank overdrafts

(11,908

)

(17,821

)

4,451,359

5,482,397

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

5,500,218

3,849,775

Bank overdrafts

(17,821

)

(22,484

)

5,482,397

3,827,291

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.25

Cash flow

At 31.3.26

£

£

£

Net cash

Cash at bank and in hand

5,500,218

(1,036,951

)

4,463,267

Bank overdrafts

(17,821

)

5,913

(11,908

)

5,482,397

(1,031,038

)

4,451,359

Total

5,482,397

(1,031,038

)

4,451,359

1.	STATUTORY INFORMATION

Seymour House Residential 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.

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.

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 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% 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.

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.

3.	EMPLOYEES AND DIRECTORS

31.3.26

31.3.25

£

£

Wages and salaries

1,044,629

2,194,407

Social security costs

128,546

201,290

Other pension costs

17,120

38,997

1,190,295

2,434,694

The average number of employees during the year was as follows:

31.3.26

31.3.25

Directors

3

3

Care operatives

43

82

46

85

31.3.26

31.3.25

£

£

Directors' remuneration

33,984

33,984

4.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.3.26

31.3.25

£

£

Depreciation - owned assets

219,440

99,366

Profit on disposal of fixed assets

-

(956,809

)

Auditors' remuneration

8,000

10,000

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.3.26

31.3.25

£

£

Bank loan interest

-

170,363

Directors' loan interest

57,718

58,611

Leasing

-

1,232

57,718

230,206

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.3.26

31.3.25

£

£

Current tax:

UK corporation tax

2,473

133,528

Deferred tax

55,997

31,236

Tax on profit

58,470

164,764

UK corporation tax has been charged at 19% .

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

31.3.26

31.3.25

£

£

Profit before tax

396,569

1,456,976

Profit multiplied by the standard rate of corporation tax in the UK of 19% (2025 - 25%)

75,348

364,244

Effects of:

Capital allowances in excess of depreciation

(72,875

)

-

Depreciation in excess of capital allowances

-

1,550

Deferred taxation movement in the year

55,997

31,236

Profit on disposal of assets

-

(239,202

)

Chargeable gains

-

6,936

Total tax charge

58,470

164,764

7.

DIVIDENDS

31.3.26

31.3.25

£

£

Ordinary shares of £1 each

Interim

1,500

1,500

8.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

40,000

AMORTISATION

At 1 April 2025

and 31 March 2026

40,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

9.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2025

3,802,706

671,549

156,589

4,630,844

Additions

736,992

602,993

-

1,339,985

At 31 March 2026

4,539,698

1,274,542

156,589

5,970,829

DEPRECIATION

At 1 April 2025

660,423

424,772

153,009

1,238,204

Charge for year

90,794

127,465

1,181

219,440

At 31 March 2026

751,217

552,237

154,190

1,457,644

NET BOOK VALUE

At 31 March 2026

3,788,481

722,305

2,399

4,513,185

At 31 March 2025

3,142,283

246,777

3,580

3,392,640

Included in cost of land and buildings is freehold land of £ 1,100,000 (2025 - £ 1,100,000 ) which is not depreciated.

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

54,286

26,251

Prepayments and accrued income

4,777

10,696

59,063

36,947