Hadland Care Group Limited - Filleted accounts

Registered number

04799268

Hadland Care Group Limited

Report and Accounts

31 March 2026

Hadland Care Group Limited
Registered number:		04799268
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	13		16,691			2,060
Investments	14		10,150,000			9,510,000
			10,166,691			9,512,060

Current assets
Stocks	15	1,144,427			999,307
Debtors	16	2,785			2,480
Cash at bank and in hand		42,268			123,747
		1,189,480			1,125,534

Creditors: amounts falling due within one year	17	(1,058,796)			(1,005,056)

Net current assets			130,684			120,478

Total assets less current liabilities			10,297,375			9,632,538

Creditors: amounts falling due after more than one year	18		(3,710,289)			(3,769,596)

Provisions for liabilities	19		(221,824)			(89,060)


Net assets			6,365,262			5,773,882

Capital and reserves
Called up share capital			160			160
Share premium			4,143,317			4,143,317
Revaluation reserve	21		704,829			224,829
Profit and loss account			1,516,956			1,405,576

Shareholders' funds			6,365,262			5,773,882

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Andrew Dearsley
Director
Approved by the board on 27 August 2026

Hadland Care Group Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

2	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.

1.2	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

1.3	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	25% reducing balance
	Motor vehicles	25% reducing balance

3	Investment property
	Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. The company elects to present cumulative fair value movements, net of deferred tax in a separate reserve within the Statement of Changes in Equity to distinguish these unrealised gains and losses from distributable profits. This reserve is non-distributable.

4	Stocks
	Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to net realisable value. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

5	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 current liabilities.


1.7	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

1.8	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

1.9	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 income statement 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 tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

6	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.

7	Retirement benefits
	Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

8	Interest-bearing loans and borrowings
	All interest-bearing loans and borrowings are initially recognised at net proceeds. After initial recognition, debt is increased by the finance cost in respect of the reporting period and reduced by repayments made in the period. Finance costs of debt are allocated over the term of the debt at a constant rate on the carrying amount.

1.14	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

1.15	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

9	Critical accounting 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. Critical judgements The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements. Valuation of investment property The investment properties and land and buildings within fixed assets have been valued by the directors using market-based valuation techniques having regard to the principles and methodologies set out in the RICS Valuation – Global Standards (Red Book) and International Valuation Standards (IVS). The valuation represents the directors' estimate of Market Value as at the reporting date and is based on available market evidence, comparable transactions, rental evidence, trading performance where applicable, and other relevant valuation inputs. The directors consider that the methodologies adopted are appropriate and that the resulting values provide a reasonable estimate of fair value for financial reporting purposes.


10	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			4		2


11	Other gains and losses			2026		2025
£					£

	Fair value gains/(losses)
	Gain/loss on revaluation - Fixed asset investments			640,000		299,772
				640,000		299,772


12	Taxation			2026		2025
£					£

	Current tax
	Corporation tax			42,038		32,563
	Corporation tax - Prior year adjustments			(43)		(72)

				41,995		32,491
	Deferred tax
	Origination and reversal of timing differences			132,764		2,300

	Total taxation			174,759		34,791

13	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2025	2,750		-		2,750
	Additions	-		20,199		20,199
	At 31 March 2026	2,750		20,199		22,949

	Depreciation
	At 1 April 2025	690		-		690
	Charge for the year	518		5,050		5,568
	At 31 March 2026	1,208		5,050		6,258

	Net book value
	At 31 March 2026	1,542		15,149		16,691
	At 31 March 2025	2,060		-		2,060


14	Investments

Other
investments
£
	Cost
	At 1 April 2025					9,510,000
	Revaluation					640,000

	At 31 March 2026					10,150,000

	The company's fixed asset investments were subject to a valuation at the reporting date. The historical cost of these investments is £9,420,000. The investment properties were valued by the director's. The revuation surplus of £730,000 has been recognised within the Revaluation Reserve in equity. Taxation on Revaluation A provision for deferred tax of £234,943 (2025: £74,943) has been recognised in relation to the revaluation surplus, calculated at the tax rate of 25%.


15	Stocks			2026		2025
£					£

	Properties under construction			1,144,427		999,307

				1,144,427		999,307

	Work in progress includes a property currently undergoing renovation, which is held for future use or sale. The property is measured at cost, comprising purchase price and directly attributable costs incurred to date.

16	Debtors			2026		2025
£					£

	Trade debtors			-		1,185
	Other debtors			2,785		1,295
				2,785		2,480


17	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			158,721		7,954
	Obligations under finance lease and hire purchase contracts			3,626		-
	Trade creditors			8,351		1,285
	Taxation and social security costs			44,573		34,908
	Other creditors			843,525		960,909
				1,058,796		1,005,056


18	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			3,698,202		3,769,596
	Obligations under finance lease and hire purchase contracts			12,087		-
				3,710,289		3,769,596

	The bank loan facility is secured over the assets held by Hadland Care Group.

19	Deferred taxation			2026		2025
				£		£
	Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

	Accelerated capital allowances			(13,119)		14,117
	Investment property fair value gain			234,943		74,943

				221,824		89,060
	Movements in the year:
	Liability at 1 April 2025			89,060		86,760
	Charge to profit or loss			132,764		2,300

	Liability at 31 March 2026			221,824		89,060

20	Loans			2026		2025
£					£
	Creditors include:
	Instalments falling due for payment after more than five years			2,842,146		3,294,731


21	Revaluation reserve			2026		2025
£					£

	At 1 April 2025			224,829		-
	Gain on revaluation of land and buildings			640,000		299,772
	Deferred taxation arising on the revaluation of land and buildings			(160,000)		(74,943)

	At 31 March 2026			704,829		224,829


22	Other financial commitments			2026		2025
£					£

	Total future minimum payments under non-cancellable operating leases			15,713		532,788


23	Related party transactions

	The company is a wholly owned subsidiary of Calypso Holdings Limited, a company incorporated in England and Wales, and has taken advantage of the exemption available in Section 33 of FRS 102 'Related Party Disclosures' that allows it not to disclose transactions with wholly owned group companies. The company owed £2,539 (2025: £4,214) to Tops Day Nursery Limited at the year end, a company under common control. During the year, transactions with Tops Day Nursery Limited totalled £21,000 (2025: £16,569). During the year, the company received rental income of £534,858 (2025: £528,978) from Tops Day Nursery Limited. There were transactions totalling £Nil (2025: £4,581) for services provided by a director. A company asset has been pledged as security in respect of a personal liability held by a director. The company has no direct obligation in relation to this liability.


24	Parent company

	The immediate parent company is Calypso Holdings Limited due to its 100% holding of the share capital of Hadland Care Group Limited. Cheryl Hadland is the ultimate controlling party due to her majority shareholding in Calypso Holdings Limited.


25	Other information

	Hadland Care Group Limited is a private company limited by shares and incorporated in England. Its registered office is:
	3 Wollaston Road
	Bournemouth
	BH6 4AR