Company No: 11997103 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Tangible assets	4	164,402		158,924
		164,402		158,924
Current assets
Debtors	5	1,725,402		749,841
Cash at bank and in hand		160,455		149,626
		1,885,857		899,467
Creditors: amounts falling due within one year	6	( 1,574,575)		( 674,397)
Net current assets		311,282		225,070
Total assets less current liabilities		475,684		383,994
Creditors: amounts falling due after more than one year	7	( 52,335)		( 152,180)
Net assets		423,349		231,814
Capital and reserves
Called-up share capital		100		100
Profit and loss account		423,249		231,714
Total shareholders' funds		423,349		231,814

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of New Chapters Support and Wellbeing Ltd (registered number: 11997103) were approved and authorised for issue by the Board of Directors on 15 October 2026. They were signed on its behalf by:

S Murray Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

New Chapters Support and Wellbeing Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Providence House, The Borough, Wedmore, BS28 4EG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Prior year adjustment

During the year, the company identified an accounting error relating to historic intercompany balances. The difference arose due to timing mismatches created by non-coterminous accounting year ends between group companies, resulting in an unreconciled balance being carried forward from previous accounting periods.

Following a review of the intercompany accounts, management concluded that the balance was no longer recoverable/representative of a valid liability and therefore corrected the error through a prior year adjustment. As a result, an amount of £78,487 was written off against the intercompany balance at the beginning of the comparative period.

The effect of the prior year adjustment was to increase profit for the prior year by £78,487 and reduce creditors by the same amount. The comparative figures have been restated accordingly.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	not depreciated
Vehicles	25 % reducing balance
Fixtures and fittings	3 years straight line
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Prior year adjustment

During the year, the company identified an accounting error relating to historic intercompany balances. The error arose as a result of differences generated by non-coterminous accounting year ends between companies under common control, which resulted in an unreconciled intercompany creditor balance being carried forward from previous accounting periods.

Following a detailed review of the intercompany accounts, management concluded that the creditor balance no longer represented a valid liability and should have been derecognised in an earlier period. The comparative figures have therefore been restated to correct this error.

		As previously reported		Adjustment		As restated
Year ended 31 May 2024		£		£		£
Intercompany creditors for the prior year		77,139		(78,487)		(1,348)
Profit for the prior year		205,392		78,487		283,879

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	74		66

4. Tangible assets

	Leasehold improve- ments		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 June 2024	50,789		148,143		61,193		0		260,125
Additions	37,750		0		2,110		317		40,177
At 31 May 2025	88,539		148,143		63,303		317		300,302
Accumulated depreciation
At 01 June 2024	0		54,256		46,945		0		101,201
Charge for the financial year	0		23,471		11,175		53		34,699
At 31 May 2025	0		77,727		58,120		53		135,900
Net book value
At 31 May 2025	88,539		70,416		5,183		264		164,402
At 31 May 2024	50,789		93,887		14,248		0		158,924

5. Debtors

	2025		2024
	£		£
Amounts owed by Group undertakings	0		30,503
Other debtors	1,725,402		719,338
	1,725,402		749,841

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	23,915		37,211
Amounts owed to Group undertakings	114,228		30,724
Taxation and social security	1,061,607		547,899
Obligations under finance leases and hire purchase contracts	38,923		31,051
Other creditors	335,902		27,512
	1,574,575		674,397

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	7,460		78,593
Obligations under finance leases and hire purchase contracts	44,875		73,587
	52,335		152,180

There are no amounts included above in respect of which any security has been given by the small entity.

8. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	0		0
Charged to the Profit and Loss Account	( 19,969)		0
At the end of financial year	( 19,969)		0

9. Related party transactions

Included in other creditors is £22,720 (2024: Restated to (£1,348)) due from Transformations Care & Support Limited.

Also included in other creditors are balances of £114,227 (2024: £30,724) owed to Murray Property & Investment Ltd and £21,095 (2024: £nil) owed to New Chapters Care & Education Ltd.

The company loaned the director £935,446 during the year. This balance was outstanding at the year end (2024: £414,121) and is included in other debtors.

Beneficial loan interest totalling £19,573 (2024: £nil) is also included within other debtors relating to the director's loan account.

Also included in other debtors is a balance of £7,218 (2024: £6,863) owed by New Chapters Recruitment & Training Service Ltd.