IRIS Accounts Production v24.3.0.553 07458277 Board of Directors 1.10.23 30.9.24 30.9.24 Medium entities 0 0 true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. 0 0 A Ordinary Shares 0.10000 B Ordinary Shares 0.10000 C Ordinary Shares 0.10000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074582772023-09-30074582772024-09-30074582772023-10-012024-09-30074582772022-09-30074582772022-10-012023-09-30074582772023-09-3007458277ns15:EnglandWales2023-10-012024-09-3007458277ns14:PoundSterling2023-10-012024-09-3007458277ns10:Director12023-10-012024-09-3007458277ns10:Director22023-10-012024-09-3007458277ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3007458277ns10:MediumEntities2023-10-012024-09-3007458277ns10:Audited2023-10-012024-09-3007458277ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-10-012024-09-3007458277ns10:Medium-sizedCompaniesRegimeForAccounts2023-10-012024-09-3007458277ns10:FullAccounts2023-10-012024-09-3007458277ns10:OrdinaryShareClass12023-10-012024-09-3007458277ns10:OrdinaryShareClass22023-10-012024-09-3007458277ns10:OrdinaryShareClass32023-10-012024-09-3007458277ns10:Director32023-10-012024-09-3007458277ns10:RegisteredOffice2023-10-012024-09-3007458277ns5:CurrentFinancialInstruments2024-09-3007458277ns5:CurrentFinancialInstruments2023-09-3007458277ns5:ShareCapital2024-09-3007458277ns5:ShareCapital2023-09-3007458277ns5:RetainedEarningsAccumulatedLosses2024-09-3007458277ns5:RetainedEarningsAccumulatedLosses2023-09-3007458277ns5:ShareCapital2022-09-3007458277ns5:RetainedEarningsAccumulatedLosses2022-09-3007458277ns5:RetainedEarningsAccumulatedLosses2022-10-012023-09-3007458277ns5:RetainedEarningsAccumulatedLosses2023-10-012024-09-3007458277ns10:OrdinaryShareClass12022-10-012023-09-3007458277ns5:CostValuation2023-09-3007458277ns10:OrdinaryShareClass12024-09-3007458277ns10:OrdinaryShareClass22024-09-3007458277ns10:OrdinaryShareClass32024-09-3007458277ns5:RetainedEarningsAccumulatedLosses2023-09-30
REGISTERED NUMBER: 07458277 (England and Wales)


















STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BETHELL INTERMEDIATE LIMITED

BETHELL INTERMEDIATE LIMITED (REGISTERED NUMBER: 07458277)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Income Statement 9

Other Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Cash Flow Statement 13

Notes to the Financial Statements 14


BETHELL INTERMEDIATE LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: N Hopkins-Coman
T A Kilroe
C M Morley





REGISTERED OFFICE: Dane House
Europa Park
Stoneclough Road
Kearsley
Greater Manchester
M26 1GE





REGISTERED NUMBER: 07458277 (England and Wales)





AUDITORS: Fairhurst Audit Services Ltd
Statutory Auditor
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

BETHELL INTERMEDIATE LIMITED (REGISTERED NUMBER: 07458277)

STRATEGIC REPORT
for the Year Ended 30 September 2024

The directors present their strategic report for the year ended 30 September 2024.

BUSINESS REVIEW
The Company itself does not carry out any activities other than as an intermediate holding company for Bethell Construction Ltd (BCL). BCL has again enjoyed a good trading year and the details are contained within the Strategic Review of that company. There are no separate matters that warranted discussion for the Company itself.

PRINCIPAL RISKS AND UNCERTAINTIES
In common with similar business the Company faces a number of risks and uncertainties and the directors believe that the key business risks are in respect of competition from both UK and international construction businesses and in ensuring safe and to budget project delivery. In view of these risks and uncertainties, the directors are aware that the development of the Company may be affected by factors outside their control.
The Company has no external borrowing and no financial risks. Due to the limited nature of its activities the directors believe that the Company has no material competitive risks or legislative risks either.

FUTURE DEVELOPMENTS
The directors anticipate no changes in the scope of the Company's activities and there are no material future developments worthy of comment.

FINANCIAL INSTRUMENTS
The Company has a less than normal level of exposure to price, credit, liquidity and cash flow risks arising from trading activities which are only conducted in sterling. The Company does not enter into any hedging transactions.

ON BEHALF OF THE BOARD:





Director


18 December 2024

BETHELL INTERMEDIATE LIMITED (REGISTERED NUMBER: 07458277)

REPORT OF THE DIRECTORS
for the Year Ended 30 September 2024

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

PRINCIPAL ACTIVITY
The principal activity of the Company continues to be an intermediate holding company for Bethell Construction Ltd and the Company is otherwise non-trading.

DIVIDENDS
The company has paid interim dividends this year of £1,942,914 (2023: £840,000) and no final dividend is proposed (2023: £nil).

FUTURE DEVELOPMENTS
the directors anticipate no changes in the scope of the Company's activities and there are no material future development worthy of comment.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

N Hopkins-Coman
T A Kilroe
C M Morley

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

BETHELL INTERMEDIATE LIMITED (REGISTERED NUMBER: 07458277)

REPORT OF THE DIRECTORS
for the Year Ended 30 September 2024


AUDITORS
The auditors, Fairhurst Audit Services Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





C M Morley - Director


18 December 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BETHELL INTERMEDIATE LIMITED

Opinion
We have audited the financial statements of Bethell Intermediate Limited (the 'company') for the year ended 30 September 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 September 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BETHELL INTERMEDIATE LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BETHELL INTERMEDIATE LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Extent to which the audit was considered capable of detecting irregularities including fraud
Irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect in the determination of material amounts and disclosures in the financial statement, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit.

In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatements of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

In identifying and addressing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- We obtained an understanding of laws and regulations that affect the company, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on its operations. As a result of these procedures we consider that the most significant laws and regulations that have a direct impact on the financial statements are FRS 102 and the Companies Act 2006.
-
We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management, reviewing minutes of meetings and inspecting legal correspondence.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BETHELL INTERMEDIATE LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Louise Webster BSc BFP ACA (Senior Statutory Auditor)
for and on behalf of Fairhurst Audit Services Ltd
Statutory Auditor
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

18 December 2024

BETHELL INTERMEDIATE LIMITED (REGISTERED NUMBER: 07458277)

INCOME STATEMENT
for the Year Ended 30 September 2024

2024 2023
Notes £    £   

TURNOVER - -
OPERATING PROFIT - -

Income from shares in group undertakings 1,942,914 840,000
PROFIT BEFORE TAXATION 1,942,914 840,000

Tax on profit 4 - -
PROFIT FOR THE FINANCIAL YEAR 1,942,914 840,000

BETHELL INTERMEDIATE LIMITED (REGISTERED NUMBER: 07458277)

OTHER COMPREHENSIVE INCOME
for the Year Ended 30 September 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 1,942,914 840,000


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,942,914

840,000

BETHELL INTERMEDIATE LIMITED (REGISTERED NUMBER: 07458277)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 6 950,000 950,000

CURRENT ASSETS
Debtors 7 2,864 2,864

CREDITORS
Amounts falling due within one year 8 699,817 699,817
NET CURRENT LIABILITIES (696,953 ) (696,953 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,047

253,047

CAPITAL AND RESERVES
Called up share capital 9 1,404 1,404
Retained earnings 10 251,643 251,643
SHAREHOLDERS' FUNDS 15 253,047 253,047

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2024 and were signed on its behalf by:





T A Kilroe - Director


BETHELL INTERMEDIATE LIMITED (REGISTERED NUMBER: 07458277)

STATEMENT OF CHANGES IN EQUITY
for the Year Ended 30 September 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 October 2022 1,404 251,643 253,047

Changes in equity
Profit for the year - 840,000 840,000
Total comprehensive income - 840,000 840,000
Dividends - (840,000 ) (840,000 )
Balance at 30 September 2023 1,404 251,643 253,047

Changes in equity
Profit for the year - 1,942,914 1,942,914
Total comprehensive income - 1,942,914 1,942,914
Dividends - (1,942,914 ) (1,942,914 )
Balance at 30 September 2024 1,404 251,643 253,047

BETHELL INTERMEDIATE LIMITED (REGISTERED NUMBER: 07458277)

CASH FLOW STATEMENT
for the Year Ended 30 September 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 16 - -

Cash flows from investing activities
Dividends received 1,942,914 840,000
Net cash from investing activities 1,942,914 840,000

Cash flows from financing activities
Equity dividends paid (1,942,914 ) (840,000 )
Net cash from financing activities (1,942,914 ) (840,000 )

Increase in cash and cash equivalents - -
Cash and cash equivalents at beginning of
year

-

-

Cash and cash equivalents at end of year - -

BETHELL INTERMEDIATE LIMITED (REGISTERED NUMBER: 07458277)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Bethell Intermediate 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 presentational currency of the financial statements is the Pound sterling (£).

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Bethell Intermediate Limited and do not contain consolidated financial information as a parent of a group. The company is exempt under section 400 Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiaries is included by full consolidated financial statements of its parent, Bethell Group Holdings Limited, a company incorporated in England and Wales.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include Investments where the directors have reviewed the investments assets for any permanent diminution in value.

Investments in subsidiaries
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value.

Financial instruments
Short term debtors and amounts recoverable on contracts are measured at transaction price, less any impairment. Short term trade creditors are measured at the transaction price. The following assets and liabilities are classified as financial instruments; trade debtors (including amounts recoverable on contracts), Directors' loan accounts, trade creditors, accruals and hire purchase agreements.

Financial instruments that are payable or receivable within one year, typically Directors' loan accounts, trade creditors, accruals and trade debtors, are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

Financial instruments repayable in more than one year such as hire purchase agreements are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.

3. EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 30 September 2024 nor for the year ended 30 September 2023.

The average number of employees during the year was NIL (2023 - NIL).

2024 2023
£    £   
Directors' remuneration - -

BETHELL INTERMEDIATE LIMITED (REGISTERED NUMBER: 07458277)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

4. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 30 September 2024 nor for the year ended 30 September 2023.

5. DIVIDENDS
2024 2023
£    £   
A Ordinary Shares shares of 0.10 each
Interim 1,942,914 840,000

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 950,000
NET BOOK VALUE
At 30 September 2024 950,000
At 30 September 2023 950,000

The opening and closing fixed asset investment represents the Company's ownership of 100% of the issued share capital of Bethell Construction Ltd (BCL), which is engaged in construction related activities.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 2,864 2,864

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 699,817 699,817

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,881 A Ordinary Shares 0.10 1,088 1,088
2,457 B Ordinary Shares 0.10 246 246
702 C Ordinary Shares 0.10 70 70
1,404 1,404

BETHELL INTERMEDIATE LIMITED (REGISTERED NUMBER: 07458277)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

9. CALLED UP SHARE CAPITAL - continued

The "A" Ordinary Shares of £0.10 each and the "B" ordinary Shares of £0.10 each rank pari passu in all respects with the exception of the appointment of directors - "A" Ordinary Shareholders are entitled to jointly appoint two directors whereas the "B" Ordinary Shareholders are entitled to jointly appoint one director. The "C" Ordinary Shares, have different rights from the "A" and "B" shares including, inter alia, no entitlement to dividends.

10. RESERVES
Retained
earnings
£   

At 1 October 2023 251,643
Profit for the year 1,942,914
Dividends (1,942,914 )
At 30 September 2024 251,643

11. CONTINGENT LIABILITIES

The Group's bankers hold an unlimited cross guarantee dated 17th August 2021 between certain members of the Bethell group of companies including the Company. There is also a supplemental fixed charge on books debts and other debts. At the year-end the Company has a contingent liability under this cross guarantee amount to £nil (2023: £nil).

12. FINANCIAL COMMITMENTS

The Company had no financial, capital or operating lease commitments not disclosed elsewhere in these financial statements (2023: £nil). The Company does not operate any pension schemes.

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £47,000 (2023 - £30,000) were paid to the directors .

14. ULTIMATE PARENT COMPANY

The ultimate parent undertaking is Bethell Group Holdings Limited, which is the smallest and largest group to consolidate these financial statements. Copies of these financial statements can be obtained from the Company Secretary, Bethell Group Holdings Limited, Dane House, Europa Park, Stoneclough Road, Kearsley, Greater Manchester, M26 1GE. The ultimate controlling party of Bethell Group Holdings Limited is the T Kilroe Life Interest Settlement which is a trust whose principal beneficiary is T Kilroe.

15. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2024 2023
£    £   
Profit for the financial year 1,942,914 840,000
Dividends (1,942,914 ) (840,000 )
Opening shareholders' funds 253,047 253,047
Closing shareholders' funds 253,047 253,047

BETHELL INTERMEDIATE LIMITED (REGISTERED NUMBER: 07458277)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

16. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 1,942,914 840,000
Finance income (1,942,914 ) (840,000 )
Cash generated from operations - -