Nellsar Limited

Other residential care activities n.e.c. · Hertfordshire

ActiveUnited KingdomIncorporated 1999Private Limited Company

Financial position

Accounts to 2025-10-31 · GBP · Group accounts

Net assets

£26,832,726

Cash

£3,561,057

Turnover

£43,770,721

Profit / loss

£2,639,573

Current assets

£16,578,363

Creditors < 1 year

£6,057,196

Equity

£26,832,726

Average employees

865

GBP · consolidated

Selected figures from the best-ranked available filing for each period. Missing values remain unknown.

2 periods

Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts

Reported figures	2025-10-31Group · AI-read	2024-10-31Group · AI-read
Balance sheet
Net assets	£26,832,726	£24,381,249
Equity	£26,832,726	£24,381,249
Share capital	£2	£2
Retained earnings	£26,832,724	£24,381,247
Assets
Fixed assets	£39,464,358	£38,289,124
Property, plant & equipment	£39,464,358	£38,289,124
Current assets	£16,578,363	£16,424,448
Cash at bank	£3,561,057	£3,960,653
Debtors	£13,017,306	£12,463,795
Liabilities
Creditors within one year	£6,057,196	£6,624,049
Creditors after one year	£20,814,667	£21,629,333
Provisions	£2,338,132	£2,078,941
Net current assets	£10,521,167	£9,800,399
Assets less current liabilities	£49,985,525	£48,089,523
Profit & loss
Turnover	£43,770,721	£39,862,775
Cost of sales	£28,469,780	£25,745,856
Gross profit	£15,300,941	£14,116,919
Administrative expenses	£10,861,858	£9,881,156
Other operating income	£49,271	£77,875
Operating profit	£4,488,354	£4,313,638
Interest receivable	£577,351	£701,809
Interest payable	£1,406,584	£1,640,866
Profit before tax	£3,659,121	£3,374,581
Tax	£1,019,548	£919,937
Profit / loss	£2,639,573	£2,454,644
Dividends	£212,000	£650,000
Operating costs
Depreciation	£643,786	£464,206
Audit fees	£44,740	£36,109
Cash flow
Capital expenditure	£1,833,624	£631,447
People & pay
Average employees	865	838
Staff costs	£27,857,342	£24,745,960
Wages & salaries	£24,593,256	£22,279,252
Social security costs	£2,805,804	£2,058,760
Pension costs	£458,282	£407,948
Directors' remuneration	£788,343	£761,660
Highest paid director	£788,343	£755,545
Source evidence	View filing	View filing

What the accounts for 2025-10-31 say about themselves, read by AI from the scanned filing.

Principal activity: The principal activity of the group is that of care home operators.
What it does: care home operators · care services · care homes · residents (AI keywords)
The year: The group continues to set itself the goal to provide a high standard of care within quality environments. The director considers the key performance indicator (KPI) to be the level of occupancy rates. On a like for like basis the occupancy rates are 92.8% (2024: 90.9%).
Auditor: Affinia (Orpington) · senior statutory auditor Christopher Jones
Audit opinion: Qualified
Accounts: Full accounts · FRS 102
Approved: 2026-07-24, signed by A Ragumoorthy

Subsidiaries (1)

PQW Brenley Corner Limited · 100.00 · England and Wales · Holding Investment Property

Turnover by segment (2)

Related parties (3)

Tamarind Care Limited · Owned and controlled by a family member · Balance owed to the company; interest-free loan repayable on demand · £252,950 (2024: £223,538)
Totem Care Limited · Owned and controlled by a family member · Balance owed to the company; interest-free loan repayable on demand · £5,994,515 (2024: £5,831,250)
A Ragumoorthy · Director · Advance/credit balance outstanding at year end · 3,051,832

Borrowings (1)

Bank loan from HSBC Bank Plc · from HSBC Bank Plc · 2% over Base Rate; effective rate 4.74% · Due to be repaid by the group in July 2027; all loan repayments consist of both interest and capital · secured on Legal mortgage over listed properties; debenture with a fixed and floating charge over assets not already covered by the legal mortgage

Principal risks (4)

Events after the year end (1)

The group is subject to an ongoing tax enquiry in respect of corporation tax relief claimed on the recognition and amortisation of goodwill following the acquisition of several care home businesses between 2004 and 2007. HMRC successfully challenged this deduction in a first tier tribunal, with Nellsar appealing this decision to the upper tier tribunal. The upper tier tribunal was held in March 2025, with the decision being upheld in favour of HMRC. Nellsar have taken the decision not to further appeal this judgement, and the case has been referred to the land chamber to determine the market value of the properties acquired in the acquisition events. Accordingly, it is anticipated that the value of properties and goodwill in each transaction will be adjusted, however, the outcome of this is currently undetermined.