REGISTERED NUMBER: 15742305 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Clonway Care Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R L D Hammond

O Page

REGISTERED OFFICE:

The Red House

Tavistock Road

Yelverton

PL20 6EF

REGISTERED NUMBER:

15742305 (England and Wales)

FIXED ASSETS

Intangible assets

4

216,277

-

Tangible assets

5

1,355,101

-

1,571,378

-

CURRENT ASSETS

Debtors

6

58,450

-

Cash at bank and in hand

109,282

100

167,732

100

CREDITORS

Amounts falling due within one year

7

179,525

-

NET CURRENT (LIABILITIES)/ASSETS

(11,793

)

100

TOTAL ASSETS LESS CURRENT LIABILITIES

1,559,585

100

CREDITORS

Amounts falling due after more than one year

8

(1,558,995

)

-

PROVISIONS FOR LIABILITIES

(9,077

)

-

NET (LIABILITIES)/ASSETS

(8,487

)

100

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

(8,587

)

-

SHAREHOLDERS' FUNDS

(8,487

)

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2026 and were signed on its behalf by:

O Page - Director

1.	STATUTORY INFORMATION

Clonway 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.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

The company operates a care home providing residential care services for elderly and disabled individuals, generating income through the delivery of accommodation, personal care, and support activities. Revenue is recognised in arrears as the care services are provided and the performance obligations are satisfied over the care period.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2025, is being amortised evenly over its estimated useful life of ten 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.

Improvements to property

-

20% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

At the balance sheet date, company has net current liabilities of £11,793.

The directors consider the going concern basis to be appropriate following his assessment of the company's financial position and its ability to meet its obligations as and when they fall due.

The key consideration for the directors in relation to going concern is the ongoing positive trading performance of the care home for a period of not less than twelve months from the date of approval of the financial statements, along with the availability of financial support from funders and from shareholders were it to be required.

On this basis, the directors are satisfied that the going concern basis continues to be appropriate and the financial statements are therefore prepared on this basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2025 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

237,631

At 31 March 2026

237,631

AMORTISATION

Amortisation for year

21,354

At 31 March 2026

21,354

NET BOOK VALUE

At 31 March 2026

216,277

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

Additions

1,179,198

9,031

149,439

At 31 March 2026

1,179,198

9,031

149,439

DEPRECIATION

Charge for year

-

702

31,273

At 31 March 2026

-

702

31,273

NET BOOK VALUE

At 31 March 2026

1,179,198

8,329

118,166

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

Additions

36,854

6,750

10,157

1,391,429

At 31 March 2026

36,854

6,750

10,157

1,391,429

DEPRECIATION

Charge for year

1,175

1,433

1,745

36,328

At 31 March 2026

1,175

1,433

1,745

36,328

NET BOOK VALUE

At 31 March 2026

35,679

5,317

8,412

1,355,101

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

35,842

-

Other debtors

1,981

-

Prepayments and accrued income

20,627

-

58,450

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 9)

19,209

-

Trade creditors

17,016

-

Social security and other taxes

5,927

-

Other creditors

92,560

-

Directors' current accounts

3,527

-

Accruals and deferred income

41,286

-

179,525

-

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 9)

898,101

-

Amounts owed to group undertakings

660,894

-

1,558,995

-

9.

LOANS

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank loans

19,209

-

Amounts falling due between one and two years:

Bank loans - 1-2 years

20,642

-

Amounts falling due between two and five years:

Bank loans - 2-5 years

877,459

-

Amounts owed to group undertakings

660,894

-

Amounts owed to group undertakings are subordinated to the bank borrowings and are not repayable until the bank loan has been repaid in full, unless otherwise agreed by the lender.

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

917,310

-

The company has a secured bank loan which is secured by fixed and floating charges over the assets of the company.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

10,000

Ordinary

£0.01

100

100

12.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent undertaking and controlling party is Ollie Capital Ltd, a company incorporated in England and Wales.