H Care Limited - Limited company accounts 25.1

REGISTERED NUMBER: 05616585 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

H CARE LIMITED

Page

Company Information

1

Report of the Directors

2

Directors' Responsibilities Statement

3

Report of the Independent Auditor

4

Income Statement

8

Other Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

P A de Savary

A M de Savary

H J de Savary

A F Rosenbach

J Hurley

M A Quantock Shuldham

H S Greene

REGISTERED OFFICE:

55 Loudoun Road

St John's Wood

London

NW8 0DL

REGISTERED NUMBER:

05616585 (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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a holding company.

DIVIDENDS

The total distribution of dividends for the year ended 31 March 2026 will be £ 182,652 .

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

A F Rosenbach

J Hurley

M A Quantock Shuldham

Other changes in directors holding office are as follows:

H J de Savary - appointed 1 October 2025

K D Janes - resigned 1 January 2026

H S Greene - appointed 23 January 2026

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.

ON BEHALF OF THE BOARD:

H S Greene - Director

30 September 2026

The directors are responsible for preparing 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.

Opinion

We have audited the financial statements of H 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 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 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has 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 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 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 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.

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, we obtained an understanding of the legal and regulatory frameworks 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 regulations are those that relate to:

- Health and safety regulations

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

- UK tax legislation

We also considered those laws and regulations that have a direct impact on the preparation of the financial statements, such as FRS 102 and the Companies Act 2006.

Based on the results of our risk assessment, we designed our audit procedures to identify non-compliance with 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.

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

2,689,648

2,252,864

Administrative expenses

(2,294,874

)

(1,316,260

)

OPERATING PROFIT and

PROFIT BEFORE TAXATION

394,774

936,604

Tax on profit

6

-

PROFIT FOR THE FINANCIAL YEAR

394,774

936,604

PROFIT FOR THE YEAR

394,774

936,604

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

394,774

936,604

FIXED ASSETS

Investments

8

86,834

CURRENT ASSETS

Debtors

9

2,820,121

3,371,991

Cash at bank

550

62,973

2,820,671

3,434,964

CREDITORS

Amounts falling due within one year

10

369,816

1,196,231

NET CURRENT ASSETS

2,450,855

2,238,733

TOTAL ASSETS LESS CURRENT LIABILITIES

2,537,689

2,325,567

CAPITAL AND RESERVES

Called up share capital

11

2,127

Capital redemption reserve

1,873

Retained earnings

2,533,689

2,321,567

SHAREHOLDERS' FUNDS

2,537,689

2,325,567

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

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

Balance at 1 April 2024

2,127

1,568,963

1,873

1,572,963

Changes in equity

Dividends

-

(184,000

)

-

(184,000

)

Total comprehensive income

-

936,604

-

936,604

Balance at 31 March 2025

2,127

2,321,567

1,873

2,325,567

Changes in equity

Dividends

-

(182,652

)

-

(182,652

)

Total comprehensive income

-

394,774

-

394,774

Balance at 31 March 2026

2,127

2,533,689

1,873

2,537,689

1.	STATUTORY INFORMATION

H 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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about H Care Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, H Care 2025 Limited, 55 Loudoun Road, St John's Wood, London, NW8 0DL.

Turnover

Turnover represents amounts receivable from the recharging of expenses net of VAT.

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.

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 balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

Taxation

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

31.3.26

31.3.25

£

Wages and salaries

1,266,114

1,119,721

Social security costs

186,667

139,414

1,452,781

1,259,135

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

31.3.26

31.3.25

Admin

6

4.	DIRECTORS' EMOLUMENTS

31.3.26

31.3.25

£

Directors' remuneration

1,102,939

1,068,825

Remuneration disclosed above includes the following amounts paid to the highest director:

31.3.2026

31.3.25

£

Remuneration for qualifying services

411,883

391,366

5.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.26

31.3.25

£

Auditors' remuneration

17,914

18,656

6.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 31 March 2026 nor for the year ended 31 March 2025.

7.

DIVIDENDS

31.3.26

31.3.25

£

Ordinary A shares of £1 each

Interim

182,652

184,000

8.	FIXED ASSET INVESTMENTS

Shares in

group

Unlisted

undertakings

investments

Totals

£

COST

At 1 April 2025

and 31 March 2026

85,263

1,571

86,834

NET BOOK VALUE

At 31 March 2026

85,263

1,571

86,834

At 31 March 2025

85,263

1,571

86,834

The company's investments at the Balance Sheet date in the share capital of companies include the following:

HFHC Specialist Supported Living Limited

Registered office: England and Wales

Nature of business: Labour recruitment and provision of personel

%

Class of shares:

holding

Ordinary direct

100.00

Ordinary indirect

HFHC Management Ltd

Registered office: England and Wales

Nature of business: Care home management

%

Class of shares:

holding

Ordinary direct

Ordinary indirect

100.00

HFHC Partnering Limited

Registered office: England and Wales

Nature of business: Provision of business premise

%

Class of shares:

holding

Ordinary direct

100.00

Ordinary indirect

HFHC Properties Ltd

Registered office: England and Wales

Nature of business: Dormant

%

Class of shares:

holding

Ordinary direct

100.00

Ordinary indirect

Home From Home Care Limited

Registered office: England and Wales

Nature of business: Care home management

%

Class of shares:

holding

Ordinary direct

100.00

Ordinary indirect

Intersco (HFHC) Limited

Registered office: England and Wales

Nature of business: Provision of administration services

%

Class of shares:

holding

Ordinary direct

100.00

Ordinary indirect

Harkstave Healthcare Projects Ltd

Registered office: England and Wales

Nature of business: Provision of building services

%

Class of shares:

holding

Ordinary direct

100.00

Ordinary indirect

The registered office for all subsidiary undertakings is 55 Loudoun Road, St John's Wood, London, NW8 0DL and the principal place of business is The Social Care Exchange, 1 Low Moor Road, Lincoln, LN6 3JY.

The investments in subsidiaries are all stated at cost.

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Amounts owed by group undertakings

2,800,043

3,244,376

Prepayments and accrued income

20,078

127,615

2,820,121

3,371,991

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade creditors

1,335

-

Amounts owed to group undertakings

166,751

1,021,001

Social security and other taxes

112,009

99,603

Other creditors

63,875

56,397

Accruals and deferred income

25,846

19,230

369,816

1,196,231

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

963

Ordinary A

£1

963

962

Ordinary B

£1

962

200

Ordinary C

£1

200

2

Ordinary D

£1

2

2,127

The holders of the Ordinary shares are entitled to receive dividends as declared and are entitled to one vote per share at meetings of the Company. All Ordinary shares rank equally with regard to the Company's residual assets.

12.	FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

The company has granted a fixed and floating charge over its assets and undertaking in favour of Julian Hodge Bank Limited as security for borrowings of its ultimate parent undertaking, H Care 2025 Limited. At the balance sheet date, the borrowings secured by the charge amounted to £8,700,000. No liability has been recognised in these financial statements in respect of this arrangement as no default has occurred and no demand has been made against the company under the terms of the security agreement.

13.	ULTIMATE CONTROLLING PARTY

At the year end, the ultimate controlling party was H Care 2025 Limited.