REGISTERED NUMBER: 03411875 (England and Wales)

THE FISHER PARTNERSHIP LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

7

DIRECTORS:

J Fisher

R J D Inman

C N Spencer

E D J R Turnbull

R J D Inman

SECRETARY:

R J D Inman

REGISTERED OFFICE:

Oak Trees Care Home

Main Street

Alne

York

YO61 1TB

REGISTERED NUMBER:

03411875 (England and Wales)

AUDITORS:

Thomas Coombs Limited

Statutory Auditor

Chartered Accountants

3365 The Pentagon

Century Way

Thorpe Park

Leeds

West Yorkshire

LS15 8ZB

FIXED ASSETS

Intangible assets

4

289,929

322,138

Tangible assets

5

114,207

147,176

404,136

469,314

CURRENT ASSETS

Stocks

2,220

2,220

Debtors

6

976,208

981,080

Cash at bank

80,765

20,558

1,059,193

1,003,858

CREDITORS

Amounts falling due within one year

7

530,490

489,024

NET CURRENT ASSETS

528,703

514,834

TOTAL ASSETS LESS CURRENT LIABILITIES

932,839

984,148

PROVISIONS FOR LIABILITIES

9

28,552

36,794

NET ASSETS

904,287

947,354

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

903,287

946,354

904,287

947,354

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 4th September 2026 and were signed on its behalf by:

J Fisher - Director

1.	STATUTORY INFORMATION

The Fisher Partnership 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 principal activity of the company during the year was the operation of care homes.

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

The Directors continue to monitor and assess the company's operations, financial position and risk profile to ensure the business is well placed to respond to external factors that may impact performance. Processes and controls are reviewed regularly, with decisions informed by sector guidance and examples of best practice.

Occupancy levels fluctuated across individual homes during the year but averaged 90%, with demand for residential placements remaining consistently strong. Since the year end, the company has continued to trade profitably and forecasts sustained profitability into the 2026/27 financial year.

The company remained cash generative throughout the year and has continued to generate positive cash flows since the year end.

Short term funding facilities are maintained with the company's bankers, with monthly reporting provided in line with agreed terms.

The Directors have undertaken a full review of the company's estate and initiated a structured repairs and capital investment programme. This includes targeted refurbishment across all homes and a major renovation at the Bedale service. These investments are designed to maintain high standards of accommodation, ensure resident comfort, and support long term operational quality.

The company continues to operate in a challenging economic environment, with rising taxation, statutory wage uplifts and inflationary pressures affecting margins. Forward planning has therefore focused on cost control, operational efficiency, and phased capital investment to ensure the company can maintain high quality care while navigating uncertain economic conditions.

Having considered current trading performance, cash generation, funding arrangements, occupancy levels, and the company's forward plans, the Directors are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, these financial statements have been prepared on a going concern basis.

Significant judgements and estimates

In the application of the group'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.

The directors have exercised judgement in determining whether there are indications of impairment of the companys goodwill.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Acquired goodwill, in relation to the purchase of care homes is being written off in equal annual instalments over its estimated useful economic life corresponding to the lease terms on the care homes.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

- 20% on cost

Fixtures and fittings

- 10% -33% on cost

Tangible fixed assets are initially recognised at historic cost or deemed historic cost, which includes expenditure incurred in bringing the asset to its present location and condition.

They are assessed at each reporting date for evidence of impairment. Impairment losses are recognised for the amount by which the carrying amount exceeds recoverable amount. Assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that previously recognised impairment losses may no longer exist or be reduced, and any reversal recognised in the accounts.

Stocks

Stock is valued at the lower of cost and net realisable value.

Financial instruments

The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported 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

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.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease terms and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 90 (2025 - 90 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2025

and 31st March 2026

854,000

AMORTISATION

At 1st April 2025

531,862

Charge for year

32,209

At 31st March 2026

564,071

NET BOOK VALUE

At 31st March 2026

289,929

At 31st March 2025

322,138

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2025

285,994

Additions

29,235

Disposals

(26,408

)

At 31st March 2026

288,821

DEPRECIATION

At 1st April 2025

138,818

Charge for year

54,185

Eliminated on disposal

(18,389

)

At 31st March 2026

174,614

NET BOOK VALUE

At 31st March 2026

114,207

At 31st March 2025

147,176

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

418,452

355,373

Amounts owed by group undertakings

520,996

541,303

Other debtors

36,760

84,404

976,208

981,080

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

42,644

51,120

Taxation and social security

172,915

92,619

Other creditors

314,931

345,285

530,490

489,024

8.	LEASING AGREEMENTS

The company has annual property lease commitments of £391,875, due to expire 31 July 2035.

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

28,552

36,794

Deferred

tax

£

Balance at 1st April 2025

36,794

Credit to Statement of Income and Retained Earnings during year

(8,242

)

Balance at 31st March 2026

28,552

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stuart Adam (Senior Statutory Auditor)

for and on behalf of Thomas Coombs Limited

11.	RELATED PARTY DISCLOSURES

Included in debtors is a balance due from The TFP Group Limited, the immediate parent company, amounting to £965,928 (2025: £515,267). No interest is charged on the balance.

Included in debtors are the following balances owed from group undertakings:

Bedale Grange (TFP) Limited £55,068 (2025: £26,036)

No interest is charged on the above balances.