REGISTERED NUMBER: 05106283 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

HOME FROM HOME CARE LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Directors' Responsibilities Statement

7

Report of the Independent Auditor

8

Income Statement

12

Other Comprehensive Income

13

Balance Sheet

14

Statement of Changes in Equity

15

Notes to the Financial Statements

16

DIRECTORS:

P A de Savary

A M de Savary

E Kent

H Ashmore

J Hurley

L Murphy

S E Fowler

T Clark

H S Greene

REGISTERED OFFICE:

55 Loudoun Road

St John's Wood

London

NW8 0DL

REGISTERED NUMBER:

05106283 (England and Wales)

AUDITOR:

mgr Audit Limited

Chartered Accountants

Statutory Auditors

55 Loudoun Road

St John's Wood

London

NW8 0DL

BANKERS:

Virgin Money

Jubilee House

Gosforth

Newcastle Upon Tyne

NE3 4PL

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

REVIEW OF BUSINESS

Turnover from business operations increased by 9.0% (2025: 4.5%) in the year with the average occupancy of beds/ apartments at 98% (2025: 98%) which was in line with the previous year.

Staff wages increased by 13% reflecting the need to invest in increasing pay rates in response to a very competitive and shifting labour market and the increasing complexity of new placements. During the year the minimum hourly rate was increased to £12.60 per hour, 39p above the April 2025 National Minimum Wage. Throughout the period, the company used no agency staff.

During the year:

-

Development commenced in a related party entity, Housing Thirty Five Limited on a new 4 bedded Supported Living service, with completion of the accommodation scheduled for October 2026.

-

Turnover increased largely resulting from inflationary increases, and higher fees for more complex Individuals.

Our focus remains on delivering specialist services for individuals with the highest acuity needs who are difficult to place as few providers can meet their exacting needs and manage the increased risk. Operationally, these niche services rely on our unique data informed care model which underpins care delivery and influences the development of our operational structure with associated cost implications.

Direct costs for the company increased by 8% (2025: 0.2% decrease) during the year reflecting the above. These increases peaked during the financial year as the company’s operational model became more complete.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors consider the main risks faced by the business are:

-

Those relating to the provision of substandard care. The directors are aware of these risks and continue the development of its sophisticated care planning and recording systems to ensure that the company's care users receive the best quality care, while keeping fully up to date with current and proposed legislation and regulations, together with enhanced Business Continuity planning.

-

The risks associated with the Care Quality Commission and specifically the group's ongoing legal challenge in the Administrative Court around legal matters relating to inspections.

-

The political landscape and financial pressures on Councils and ICBs. This is making it increasingly necessary to challenge in order to obtain the required fees to maintain the same level of care for individuals in our service due to inflationary cost pressures

-

The impact of legislation regarding foreign employees and visas for retention of staff.

DEVELOPMENT AND PERFORMANCE

The directors made the conscious decision to increase investment beyond what would normally be expected in recognition of market challenges, continuing the resetting of its services in line with the risks and opportunities it faced. They are encouraged by the actions taken in the face of continued inflation and the significant increases in the NLW, which have increased pressures on funding, as well as the persistently tight employment market which has shown some signs of improvement due to overseas recruitment. They believe that over an extended period, this strategy will secure the group’s sustainability.

POSITION OF THE COMPANY AT THE YEAR END

In the opinion of the directors, the company is in a strong position at the year end with shareholders' fund at £14.2m.

KEY PERFORMANCE INDICATORS

The company's management continually monitors the performance of the homes with particular regard to the quality of the care provision.

The company is rated Platinum by Investors in People, whilst 7 of its 11 residential services are rated Outstanding and 3 are rated Good by the Care Quality Commission.The rating of one home was previously the subject of a legal challenge with the Care Quality Commission, with the current legal action relating to issues associated with inspections.

In addition, the company reviews monthly management information including management accounts, occupancy ratios and staffing requirements. The main key financial performance indicators are sales growth referred to above and the operating profit margin which was 6.7% (2025: 2.2%).

DUTY TO PROMOTE THE SUCCESS OF THE COMPANY AND EMPLOYEE ENGAGEMENT

During the last year, the directors have continued building on their strategy of supporting individuals with higher acuity and more complex needs. Underpinning the operations of its specialist services is "Zone Standard" its single-entry IT platform. Zone Standard provides real time data allowing the group to better manage risk, increasing information available to care home managers, giving them greater insight.

This is building sustainability both for the individuals we support and for the longer-term prospects for the group through the increasing effectiveness and interpretation of data, management, staff teams and highly personalised environments for individuals, comprising the group’s ground breaking data informed care model.This is significantly enhanced by embracing artificial intelligence (AI) and has led to the development of EHI (Enhanced Human Intelligence) which leverages off the Zone Standard platform. This remains a key focus in financial year 2027 and will enable growth and additional support for employees in an increasingly complex environment.

The Directors have regard to relationships with employees, the individuals we support, their families and all key business stakeholders. The individuals are supported to engage with the wider community which in turn supports the local economies, enhancing the group’s overall social impact.

Relationships and engagement with staff are fostered through regular direct meetings and communications, with multiple channels for staff to engage with managers and the directors. Regular updates ensure that staff are recognised and our values-based recruitment processes actively encourage progression opportunities, supported by ongoing training and mentoring.

ON BEHALF OF THE BOARD:

H S Greene - Director

30 September 2026

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

PRINCIPAL ACTIVITY

The company's principal activity is that of care home management for adults 18+ with learning disabilities and high acuity needs, including autism, epilepsy, complex health and mental health.

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2026.

FUTURE DEVELOPMENTS

Working with our sister company, HFHC Specialist Supported Living Limited, we have continued our specialist supported living (SSL) strategy. After assessment, suitable Individuals move from our residential homes into a bespoke supported living service offering a step down. This move celebrates their journey, enabling them to continue towards greater independence and autonomy, achieving good outcomes. This pathway service creates vacancies in our residential homes allowing higher acuity and more complex Individuals to move in. The Rectory Road SSL service was at full occupancy in July 2025.

In addition, a property and an adjacent site was purchased at Main Street in Dorrington by our associated company Housing Thirty Five Limited and building work commenced during the year with completion scheduled for October 2027.

A further SSL property was purchased at Ferryside and a deposit paid on a larger property/site with purchase completion in July 2026.

In conjunction with our existing supported living home at the Laurels, this demonstrates the next phase in the group's development.

DIRECTORS

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

P A de Savary

A M de Savary

E Kent

H Ashmore

J Hurley

L Murphy

S E Fowler

T Clark

Other changes in directors holding office are as follows:

K D Janes - resigned 1 January 2026

H S Greene - appointed 23 January 2026

FINANCIAL INSTRUMENTS

The Company has a normal level of exposure to price, credit, liquidity and cash flow risk arising from trading activities which are only conducted in sterling. The Company does not enter into any lending transactions outside of the group/related companies.

MARKET VALUE OF LAND AND BUILDINGS

The Company's care homes were valued at the year end by the Directors at the current market value.

DISABLED PERSONS

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitude of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the group continues, that reasonable adjustments are made and that the appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

EMPLOYEE INVOLVEMENT

The group's policy is to consult and discuss with employees matters likely to affect their interests. This is achieved amongst other things through staff meetings and one2ones.

Information relating to financial and economic matters is additionally disseminated to employees using information bulletins and reports which seek to achieve a common awareness on the part of all employees of those factors affecting the group's performance.

ENGAGEMENT WITH EMPLOYEES

The Strategic Report includes a summary of how the directors have engaged with employees, had regard to employees interest and the effect of that regard.

ENGAGEMENT WITH OTHERS

The Strategic Report includes an indication of how the directors have had regard to the need to foster the company's business relationships with suppliers, customers and others, and the effect of that regard, including on the principal decisions taken by the company during the financial year.

STREAMLINED ENERGY AND CARBON REPORTING

The assessment has been verified by a third-party (Antea Group) and carried out in accordance with ISO14064-1:2018 Greenhouse Gases - Part 1: Specification with guidance at the organization level for quantification and reporting of greenhouse gas emissions and removals.

The information below sets out total energy consumption and resulting GHG emissions by Scope arising from business operations.

2025-26

2024-25

tCO2e

tCO2e

Scope 1 - Heating Fuels

257.06

262.24

Scope 1 - Company Vehicles

188.32

167.23

Scope 2 - Purchased Electricity (location-based)

113.30

134.25

Scope 2 - Purchased Electricity (market-based)

60.28

0.00

Scope 3 - Grey Fleet

81.56

100.80

Total

640.24

664.52

Intensity Ratios

kgCO2e/m2/year

51.05

42.19

tCO2e/employee/year

1.53

1.38

tCO2e/£m/year

21.09

25.25

Home From Home Care Limited is committed to delivering the highest level of care for individuals with learning disabilities whilst also reducing its environmental impact.

In the last 12 months, the organisation has continued to review its facilities and complete its renovation programme of care homes to both improve the quality of care and to incorporate energy saving measures. We have continued to utilise renewable electricity tariffs, ensuring that we produce energy from cleaner and renewable sources.

In the future, we will continue to continue to explore ways to save energy and natural resources, including the possibility of low-carbon heating systems.

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 auditor is 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 auditor is aware of that information.

AUDITOR

The auditors, mgr Audit Limited, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

H S Greene - Director

30 September 2026

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;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	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.

Opinion

We have audited the financial statements of Home From Home Care 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 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 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 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 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, the Report of the Directors and the Directors' Responsibilities Statement, but does not include the financial statements and our Report of the Auditor 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 Directors' Responsibilities Statement set out on page seven, 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 Auditor 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.

Explanation as to what extent the auditor was considered capable of detecting irregularities, including fraud

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.

As part of our planning of the audit work required we obtained an understanding of the legal and regulatory frameworks that are applicable to the entity via enquiries of the company's management, carried out analytical procedures, held discussions amongst the engagement team and using knowledge of the sector determined that the most significant laws and regulation are those that relate to:

- The regulation of Health and Social Care.

- Health and safety regulations.

- Employment law including right to work in the UK and Disclosure and Barring Service (DBS).

- Medicine Regulation.

- Mental Capacity Act.

- Food Safety Act.

- Environmental protection and waste disposal.

- Fire safety regulations.

- Data Protection.

- Modern Slavery Act.

- UK Tax legislation.

We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as FRS102 and the Companies Act 2006.

Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with the laws and regulations and the fraud risks identified. This included enquiries with management to understand their policies and procedures for compliance with those regulations and we completed the following tests:

- Obtained an understanding of relevant controls.

- Reviewed the company's risk assessments, procedures and systems.

- Checked samples of documentation including minutes of the meetings of the directors, service agreements with regulatory advisors and reports by the Care Quality commission, the regulator.

We also assessed the risks of material misstatement in respect of fraud as follows:

- Revenue fraud.

- Unauthorised expenditure and/or payments.

- Management override of controls.

- Manipulation of accounting estimates.

- Related party fraud.

Based on the results of our risk assessment, we designed our audit procedures to identify non-compliance with such laws and regulations identified above. We also considered the risk of fraud through management override and, in response, we incorporated testing of manual journal entries into our audit approach and challenged key assumptions and judgments made by management. This included the risk of management bias relating to judgements and assumptions used in valuing the freehold properties and the reporting of the loan covenants.

No significant issues were identified during our testing.

There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non - detection of irregularities, as these could involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.

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 Auditor.

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 Auditor 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.

Nigel Walfisz FCA (Senior Statutory Auditor)

for and on behalf of mgr Audit Limited

Chartered Accountants

Statutory Auditors

55 Loudoun Road

St John's Wood

London

NW8 0DL

30 September 2026

TURNOVER

4

23,127,891

21,230,931

Cost of sales

(14,868,719

)

(13,729,515

)

GROSS PROFIT

8,259,172

7,501,416

Administrative expenses

(11,402,261

)

(11,466,779

)

(3,143,089

)

(3,965,363

)

Other operating income

5

4,703,970

4,423,507

OPERATING PROFIT

7

1,560,881

458,144

Interest receivable and similar income

210,910

425

1,771,791

458,569

Interest payable and similar expenses

8

(761,537

)

(714,582

)

PROFIT/(LOSS) BEFORE TAXATION

1,010,254

(256,013

)

Tax on profit/(loss)

9

(327,810

)

472,468

PROFIT FOR THE FINANCIAL YEAR

682,444

216,455

PROFIT FOR THE YEAR

682,444

216,455

OTHER COMPREHENSIVE INCOME

Revaluation of tangible fixed assets

1,567,000

894,000

Income tax relating to other comprehensive income

(391,750

)

(223,500

)

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

1,175,250

670,500

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,857,694

886,955

FIXED ASSETS

Intangible assets

11

-

215

Tangible assets

12

37,115,338

35,319,896

Investments

13

1

1

37,115,339

35,320,112

CURRENT ASSETS

Debtors

14

6,286,165

10,100,822

Cash at bank and in hand

1,363,306

1,174,979

7,649,471

11,275,801

CREDITORS

Amounts falling due within one year

15

6,373,723

10,778,411

NET CURRENT ASSETS

1,275,748

497,390

TOTAL ASSETS LESS CURRENT LIABILITIES

38,391,087

35,817,502

CREDITORS

Amounts falling due after more than one year

16

(20,706,697

)

(20,710,366

)

PROVISIONS FOR LIABILITIES

18

(3,440,237

)

(2,720,677

)

NET ASSETS

14,244,153

12,386,459

CAPITAL AND RESERVES

Called up share capital

19

1,200

1,200

Share premium account

6,556

6,556

Revaluation reserve

10,675,487

9,500,237

Retained earnings

3,560,910

2,878,466

SHAREHOLDERS' FUNDS

14,244,153

12,386,459

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

H S Greene - Director

Called up

Share

share

Retained

premium

Revaluation

Total

capital

earnings

account

reserve

equity

£

£

£

£

£

Balance at 1 April 2024

1,200

2,662,011

6,556

8,829,737

11,499,504

Changes in equity

Profit for the year

-

216,455

-

-

216,455

Revaluation and deferred tax

-

-

-

670,500

670,500

Total comprehensive income

-

216,455

-

670,500

886,955

Balance at 31 March 2025

1,200

2,878,466

6,556

9,500,237

12,386,459

Changes in equity

Profit for the year

-

682,444

-

-

682,444

Revaluation and deferred tax

-

-

-

1,175,250

1,175,250

Total comprehensive income

-

682,444

-

1,175,250

1,857,694

Balance at 31 March 2026

1,200

3,560,910

6,556

10,675,487

14,244,153

1.	STATUTORY INFORMATION

Home From Home Care 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.	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.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of H Care 2025 Limited. These consolidated financial statements are available from its registered office, 55 Loudoun Road, St John's Wood, London, NW8 0DL.

Preparation of consolidated financial statements

These financial statements do not include the group consolidated information as this will be included in the consolidated group accounts of the ultimate parent company H Care 2025 Limited.

Turnover

Turnover represents amounts receivable for care services provided in the UK and calculated on a daily basis. The company's income is exempt from value added tax.

Turnover represents amounts receivable for IT services net of VAT.

Intangible assets

Intangible assets have been internally generated and have met the recognition criteria under FRS 102 18.4 and 18.8H. Intangible assets are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software 33% straight line

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold, land and buildings

-

Nil

Fixtures and fittings

-

20% - 33% straight line

Motor vehicles

-

25% straight line

Impairment of fixed assets

At each balance sheet date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply.

Investments in subsidiaries

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

Deferred tax on the unrealised surplus on revaluation of fixed assets is provided for at rates enacted at the balance sheet date and deducted from the balance on the revaluation reserve.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

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.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3.	JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Valuation of land and buildings

As described in note 12 to the financial statements, land and buildings were valued by the directors at fair value based on a report by an independent property consultant during the year ended 31 March 2024. The valuation used observable market prices adjusted as necessary for any difference in the future, location or condition of the specific asset.

4.

TURNOVER

An analysis of turnover by class of business is given below:

31.3.26

31.3.25

£

£

Care services

23,087,010

21,181,920

IT development

40,881

49,011

23,127,891

21,230,931

The whole of the company's turnover is within the UK.

5.	OTHER OPERATING INCOME

31.3.26

31.3.25

£

£

Management fees received

4,703,970

4,423,507

6.	EMPLOYEES AND DIRECTORS

31.3.26

31.3.25

£

£

Wages and salaries

16,446,771

15,561,940

Social security costs

1,438,040

1,056,793

Other pension costs

226,041

201,425

18,110,852

16,820,158

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

31.3.26

31.3.25

Care

362

367

Administration

22

19

384

386

31.3.26

31.3.25

£

£

Directors' remuneration

110,108

64,155

7.	OPERATING PROFIT

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

31.3.26

31.3.25

£

£

Hire of plant and machinery

220,441

239,715

Depreciation - owned assets

110,236

136,153

Profit on disposal of fixed assets

(3,348

)

-

Computer software amortisation

215

30,094

Auditors' remuneration

73,043

70,340

Non-audit services

10,801

37,953

Auditor's remuneration

Fees payable to the company's auditors and associates:

2026

2025

£

£

Audit of the financial statement

73,043

70,340

73,043

70,340

For other services

All other non-audit services

10,801

37,953

8.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.3.26

31.3.25

£

£

Interest on finance lease

761,537

714,582