KAIETEUR KARE LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

ML Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have reviewed the Group's income projections for the next twelve months and consider there to be no impact on the group's ability to act as a going concern. At the balance sheet date, the Group had net current liabilities of £3,703,876 (2024 - £4,148,166), due to the loans classified as due within one year as detailed in Note 25, and net assets of £3,449,286 (2024 - £3,195,202). These loans were refinanced following the year end but prior to the approval of these financial statements, as detailed below and in Note 25, and the directors have a reasonable expectation that the Group have adequate resources to continue in operational existence for the foreseeable future. In the current year, the Group breached the debt service covenant on the bank borrowings, as detailed in Note 25. At the balance sheet date, the bank had the right to call in the borrowings. Discussions continued with the bank after the year end and new loan terms were agreed prior to the approval of the financial statements, with the majority of the loans now being due over more than one year. At the time of approving the financial statements, the Group has complied with the revised covenants following the refinancing. On the basis of the above, the directors consider that it is appropriate to continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. KAIETEUR KARE LIMITED · parent
   1. Asheek Living Limited 100% · England and Wales · provision of care home facilities
   2. Manor Community Care Limited 100% · United Kingdom · holding company
   3. Improving Prospects Ltd 100% · England and Wales · provision of care services
   4. Oaktree (Clevedon) Limited 100% · England and Wales · provision of care home facilities

Significant events

• “Following the acquisition of Oaktree (Clevedon) Limited in 2019, the group continues to see the positive contribution to the group's overall results from this acquisition and the acquistion of Firgrove House in 2022.”
• “During the year, the Group breached the debt service covenant on its bank borrowings. The bank was aware of this breach and discussions were held regarding the breaches. Whilst no formal waivers were issued by the bank, the borrowings were not recalled and instead restructured in the year ended 31 March 2026. As at 31 March 2025, the borrowings are all repayable within 1 year and have been recognised as current liabilities.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -83%

  £3,911 → £664

  lowest in 4 filed years

• Net assets

  +26.6%

  £678,743 → £859,386

  highest in 4 filed years

• Employees

  —

  Not reported

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers