Company Registration No. 04725729 (England and Wales)
Performance Finance Limited
Financial statements
for the year ended 31 December 2024
Pages for filing with the registrar
Performance Finance Limited
Company information
Directors
Stuart Burn
Stacey Wedge-Pywell
Amanda Smith
Company number
04725729
Registered office
First Floor Orion House
Orion Way
Kettering
Northamptonshire
England
NN15 6PE
Independent auditor
Saffery LLP
71 Queen Victoria Street
London
EC4V 4BE
Performance Finance Limited
Contents
Page
Statement of financial position
1
Statement of changes in equity
Notes to the financial statements
2 - 13
Performance Finance Limited
Statement of financial position
As at 31 December 2024
1
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
7
348,748
328,068
Tangible assets
8
19,136
25,856
Investments
9
1,202
1,204
369,086
355,128
Current assets
Debtors
11
37,880,921
28,886,036
Cash at bank and in hand
532,259
793,817
38,413,180
29,679,853
Creditors: amounts falling due within one year
12
(15,823,581)
(11,371,566)
Net current assets
22,589,599
18,308,287
Total assets less current liabilities
22,958,685
18,663,415
Creditors: amounts falling due after more than one year
13
(17,619,040)
(14,256,241)
Provisions for liabilities
(263,869)
(198,728)
Net assets
5,075,776
4,208,446
Capital and reserves
Called up share capital
15
563,877
563,422
Share premium account
2,266,405
2,016,859
Capital redemption reserve
6,420
6,420
Profit and loss reserves
2,239,074
1,621,745
Total equity
5,075,776
4,208,446
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 17 March 2025 and are signed on its behalf by:
Stuart Burn
Director
Company Registration No. 04725729
Performance Finance Limited
Notes to the financial statements
For the year ended 31 December 2024
2
1
Accounting policies
Company information
Performance Finance Limited is a private company limited by shares incorporated in England and Wales. The registered office is First Floor Orion House, Orion Way, Kettering, Northamptonshire, England, NN15 6PE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
1.3
Intangible fixed assets - goodwill
Goodwill arising on the acquisition of subsidiary undertakings represents the excess of the fair value of the consideration over the fair value of the identifiable assets and liabilities acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is three years.
1.4
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Software
5 years
Performance Finance Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
1
Accounting policies (continued)
3
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
10% straight line
Fixtures and fittings
25% straight line
Computers
33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.6
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
1.7
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Performance Finance Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
1
Accounting policies (continued)
4
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.10
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.11
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Performance Finance Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
1
Accounting policies (continued)
5
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised.
1.12
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.13
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.14
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’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.
Performance Finance Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
2
Critical accounting judgements and key sources of estimation uncertainty (continued)
6
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.
Bad debt provision for debtors
Management's policy on recognising an impairment of the loan book is based on a review of individual debtor balances, their ageing and management's assessment of realisation. This review and assessment is conducted on an ongoing basis and estimates for bad debts are under constant review. Any material change in management's assessment of debtor impairment is reflected in the carrying value of the asset and reassessed at the period end.
Impairment of investments in subsidiaries and intercompany balances
Due to the material size of the investments in subsidiary undertakings and intercompany balances, these carry a significant risk of material misstatement. Management regularly assess these balances for recoverability, in addition to at each period end for indications of impairment. Where it is considered that the future cash flows of these debts are less than the carrying amounts in the individual company financial statements, appropriate provisions are made against these balances to reflect the recoverability of the asset.
3
Operating profit
2024
2023
Operating profit for the year is stated after charging:
£
£
Depreciation of owned tangible fixed assets
6,720
15,821
Fees payable to the company's auditor for the audit of the company's financial statements
29,400
29,400
Amortisation of intangible assets
131,890
131,247
Operating lease charges
72,682
56,534
4
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
15
14
5
Directors' remuneration
2024
2023
£
£
Remuneration paid to directors
180,751
154,573
The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 3 (2023 - 3).
Performance Finance Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
7
6
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
353,539
359,639
Adjustments in respect of prior periods
(648)
Total current tax
352,891
359,639
Deferred tax
Origination and reversal of timing differences
65,141
(199,354)
Total tax charge
418,032
160,285
The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:
2024
2023
£
£
Profit before taxation
1,657,361
1,102,871
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2023: 23.52%)
414,340
259,395
Tax effect of expenses that are not deductible in determining taxable profit
551,937
530,091
Tax effect of income not taxable in determining taxable profit
19,888
Adjustments in respect of prior years
3,920
Under/(over) provided in prior years
(648)
Deferred tax adjustments in respect of prior years
39,658
Capital allowances
(611,063)
(617,410)
Remeasurement of deferred tax for changes in tax rates
(11,798)
Rounding on provisions
7
Taxation charge for the year
418,032
160,285
The deferred tax balance at 31 December 2024 has been calculated based on the tax rate of 25%, based on rates that have been substantively enacted at the balance sheet date.
Performance Finance Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
8
7
Intangible fixed assets
Goodwill
Software
Total
£
£
£
Cost
At 1 January 2024
1,485,222
861,679
2,346,901
Additions
152,570
152,570
At 31 December 2024
1,485,222
1,014,249
2,499,471
Amortisation and impairment
At 1 January 2024
1,485,222
533,611
2,018,833
Amortisation charged for the year
131,890
131,890
At 31 December 2024
1,485,222
665,501
2,150,723
Carrying amount
At 31 December 2024
348,748
348,748
At 31 December 2023
328,068
328,068
Goodwill relates to the company's purchased interest in subsidiary entities.
8
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 January 2024
37,450
290,475
182,444
510,369
Disposals
(184,072)
(86,130)
(270,202)
At 31 December 2024
37,450
106,403
96,314
240,167
Depreciation and impairment
At 1 January 2024
20,285
281,784
182,444
484,513
Depreciation charged in the year
3,745
2,975
6,720
Eliminated in respect of disposals
(184,072)
(86,130)
(270,202)
At 31 December 2024
24,030
100,687
96,314
221,031
Carrying amount
At 31 December 2024
13,420
5,716
19,136
At 31 December 2023
17,165
8,691
25,856
Performance Finance Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
9
9
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
1,202
1,204
Movements in fixed asset investments
Shares in subsidiaries and associates
£
Cost or valuation
At 1 January 2024
1,204
Conversion to debt
(2)
At 31 December 2024
1,202
Carrying amount
At 31 December 2024
1,202
At 31 December 2023
1,204
10
Subsidiaries and associates
The principal activity of all subsidiary undertakings is that of specialist finance lenders.
Details of the company's subsidiaries at 31 December 2024 are as follows:
Name of undertaking
Address
Class of shares held
% Held
Direct
Indirect
Perform1 Limited
England*
Ordinary
100.00
-
Perform2 Ltd
England*
Ordinary
100.00
-
Integra Asset Finance Limited
England*
Ordinary
100.00
-
Professional Asset Finance Limited
England*
Ordinary
100.00
-
Performance Finance (Wholesale) Ltd
England*
Ordinary
100.00
-
Perform3 Limited
England*
Ordinary
100.00
-
Registered office addresses (all UK unless otherwise indicated):
*
First Floor Orion House, Orion Way, Kettering, Northamptonshire, England, NN15 6PE
The company also has a partnership controlling interest in Performance Lease Finance LLP, an entity whose principal activity is that of specialist finance lending and whose registered office is First Floor, Orion House, Orion Way, Kettering, Northamptonshire, United Kingdom, NN15 6PE.
Performance Finance Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
10
11
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
156,629
169,379
Hire purchase agreements receivable
4,289,105
3,763,143
Amounts owed by group undertakings
3,039,883
4,309,669
Amounts owed by undertakings in which the company has a participating interest
60,401
45,968
Other loans
6,606,232
2,923,503
Finance leases receivable
2,118,050
1,997,413
Other debtors
299,273
165,786
Prepayments and accrued income
159,207
90,354
16,728,780
13,465,215
2024
2023
Amounts falling due after more than one year:
£
£
Hire purchase agreements receivable
7,855,569
6,304,200
Other loans
9,508,970
5,287,934
Finance leases receivable
3,787,602
3,828,687
21,152,141
15,420,821
Total debtors
37,880,921
28,886,036
12
Creditors: amounts falling due within one year
2024
2023
£
£
Bank and other loans
13,623,864
9,218,160
Trade creditors
531,882
363,995
Amounts owed to group undertakings
938,268
932,867
Corporation tax
173,539
359,639
Other taxation and social security
227,816
121,336
Other creditors
4
118,352
Accruals and deferred income
328,208
257,217
15,823,581
11,371,566
Included in bank and other loans are borrowings which are secured by ten fixed and floating charges and a debenture on all the assets of the company.
Performance Finance Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
11
13
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank and other loans
17,619,040
14,256,241
Included within bank and other loans are 5 facilities with NatWest and are to be reviewed within 12 months. three facilities are at a fixed interest rate ranging from 3.75% to 3.93% per annum. The remaining two facilities are at a variable rate at 2.42% and 3.74% over the base rate.
14
Deferred taxation
The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:
Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
263,869
198,728
2024
Movements in the year:
£
Liability at 1 January 2024
198,728
Charge to profit or loss
65,141
Liability at 31 December 2024
263,869
15
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Ordinary shares of 10p each
500,000
500,000
50,000
50,000
A shares of 10p each
6,962
6,962
696
696
B shares of 10p each
48,736
48,736
4,874
4,874
B1 shares of 10p each
17,406
17,406
1,740
1,740
C shares of 10p each
6,188
6,188
619
619
D shares of 10p each
6,188
6,188
619
619
E shares of 10p each
6,188
6,188
619
619
I shares of 10p each
6,188
6,188
619
619
Preferred Ordinary shares of 10p each
40,909
36,364
4,091
3,636
638,765
634,220
63,877
63,422
Performance Finance Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
15
Called up share capital
15
Called up share capital
2024
2023
2024
2023 (continued)
12
2024
2023
2024
2023
Preference share capital
Number
Number
£
£
Issued and fully paid
Preference shares of £1 each
500,000
500,000
500,000
500,000
500,000
500,000
500,000
500,000
Total equity share capital
563,877
563,422
The company has ten classes of shares.
Ordinary shares are irredeemable, carry voting rights, and rights to dividends at the discretion of the board,
A, B, B1, C, D, E, and I shares are irredeemable, and do not carry voting rights or rights to receive a dividend.
The company additionally has preference shares, which are irredeemable, and carry no voting rights or rights to receive a dividend, and are classified within equity.
During the year, the company issued 4,545 Preferred Ordinary shares of 10p each. This class of share carries no voting rights, and is redeemable and carries rights to dividends at the discretion of the board.
16
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Michael Di Leto
Statutory Auditors:
Saffery LLP
Date of audit report:
17 March 2025
Performance Finance Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
13
17
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2024
2023
£
£
Within one year
78,307
87,867
Between two and five years
148,661
220,206
226,968
308,073
18
Related party transactions
Transactions with related parties
As at the year end, other debtors included £nil (2023: £1,027) from a director of the company in respect of short term loans. This amount was interest-free, unsecured and repayable on demand.
As at the year end, the company owed £80,000 (2023: £80,000) to a related party of a director. This is included in bank and other loans falling due in more than one year. Interest is 10% per annum payable monthly in arrears. The loan is unsecured and repayable on demand.
During the year dividends of £622,000 (2023: £486,268) were paid to a director.
Performance Finance Limited has taken the exemption in accordance with FRS102 section 33 for subsidiary undertakings to not disclose related party transactions with other entities where the relationship is as such that they are wholly owned. Therefore, transactions of this nature have not been disclosed.
19
Ultimate controlling party
The ultimate controlling party is Stuart Burn, a director of Performance Finance Limited.
2024-12-312024-01-01false17 March 2025CCH SoftwareCCH Accounts Production 2024.210No description of principal activityThis audit opinion is unqualifiedStuart BurnStacey Wedge-PywellAmanda Smithfalsefalse047257292024-01-012024-12-3104725729bus:Director12024-01-012024-12-3104725729bus:Director22024-01-012024-12-3104725729bus:Director32024-01-012024-12-3104725729bus:RegisteredOffice2024-01-012024-12-31047257292024-12-31047257292023-12-3104725729core:Goodwill2024-12-3104725729core:ComputerSoftware2024-12-3104725729core:Goodwill2023-12-3104725729core:ComputerSoftware2023-12-3104725729core:LeaseholdImprovements2024-12-3104725729core:FurnitureFittings2024-12-3104725729core:ComputerEquipment2024-12-3104725729core:LeaseholdImprovements2023-12-3104725729core:FurnitureFittings2023-12-3104725729core:ComputerEquipment2023-12-3104725729core:CurrentFinancialInstrumentscore:WithinOneYear2024-12-3104725729core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3104725729core:Non-currentFinancialInstrumentscore:AfterOneYear2024-12-3104725729core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3104725729core:ShareCapital2024-12-3104725729core:ShareCapital2023-12-3104725729core:SharePremium2024-12-3104725729core:SharePremium2023-12-3104725729core:CapitalRedemptionReserve2024-12-3104725729core:CapitalRedemptionReserve2023-12-3104725729core:RetainedEarningsAccumulatedLosses2024-12-3104725729core:RetainedEarningsAccumulatedLosses2023-12-3104725729core:Goodwill2024-01-012024-12-3104725729core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3104725729core:ComputerSoftware2024-01-012024-12-3104725729core:LeaseholdImprovements2024-01-012024-12-3104725729core:FurnitureFittings2024-01-012024-12-3104725729core:ComputerEquipment2024-01-012024-12-31047257292023-01-012023-12-3104725729core:UKTax2024-01-012024-12-3104725729core:UKTax2023-01-012023-12-310472572912024-01-012024-12-310472572912023-01-012023-12-310472572922024-01-012024-12-310472572922023-01-012023-12-310472572932024-01-012024-12-310472572932023-01-012023-12-310472572942024-01-012024-12-310472572942023-01-012023-12-3104725729core:Goodwill2023-12-3104725729core:ComputerSoftware2023-12-31047257292023-12-3104725729core:Goodwillcore:ExternallyAcquiredIntangibleAssets2024-01-012024-12-3104725729core:ComputerSoftwarecore:ExternallyAcquiredIntangibleAssets2024-01-012024-12-3104725729core:ExternallyAcquiredIntangibleAssets2024-01-012024-12-3104725729core:LeaseholdImprovements2023-12-3104725729core:FurnitureFittings2023-12-3104725729core:ComputerEquipment2023-12-3104725729core:Subsidiary12024-01-012024-12-3104725729core:Subsidiary22024-01-012024-12-3104725729core:Subsidiary32024-01-012024-12-3104725729core:Subsidiary42024-01-012024-12-3104725729core:Subsidiary52024-01-012024-12-3104725729core:Subsidiary62024-01-012024-12-3104725729core:Subsidiary112024-01-012024-12-3104725729core:Subsidiary212024-01-012024-12-3104725729core:Subsidiary312024-01-012024-12-3104725729core:Subsidiary412024-01-012024-12-3104725729core:Subsidiary512024-01-012024-12-3104725729core:Subsidiary612024-01-012024-12-3104725729core:Subsidiary122024-01-012024-12-3104725729core:Subsidiary222024-01-012024-12-3104725729core:Subsidiary322024-01-012024-12-3104725729core:Subsidiary422024-01-012024-12-3104725729core:Subsidiary522024-01-012024-12-3104725729core:Subsidiary622024-01-012024-12-3104725729core:CurrentFinancialInstruments2024-12-3104725729core:CurrentFinancialInstruments2023-12-3104725729core:Non-currentFinancialInstruments2024-12-3104725729core:Non-currentFinancialInstruments2023-12-3104725729core:WithinOneYear2024-12-3104725729core:WithinOneYear2023-12-3104725729core:BetweenTwoFiveYears2024-12-3104725729core:BetweenTwoFiveYears2023-12-3104725729bus:PrivateLimitedCompanyLtd2024-01-012024-12-3104725729bus:SmallCompaniesRegimeForAccounts2024-01-012024-12-3104725729bus:FRS1022024-01-012024-12-3104725729bus:Audited2024-01-012024-12-3104725729bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP