Company registration number 11756369 (England and Wales)
ELVINGSTON DEVELOPMENT LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ELVINGSTON DEVELOPMENT LIMITED
CONTENTS
Page
Company information
1
Directors' report
2 - 3
Independent auditor's report
4 - 6
Statement of comprehensive income
7
Balance sheet
8
Statement of changes in equity
9
Notes to the financial statements
10 - 16
ELVINGSTON DEVELOPMENT LIMITED
COMPANY INFORMATION
- 1 -
Directors
J Dobson
G Sarvadi
D Sarvadi
S Dobson
Secretary
Reed Smith Corporate Services Limited
Company number
11756369
Registered office
1 Blossom Yard
Fourth Floor
London
United Kingdom
E1 6RS
Auditor
Consilium Audit Limited
169 West George Street
Glasgow
Scotland
G2 2LB
ELVINGSTON DEVELOPMENT LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -

The directors present their annual report and financial statements for the year ended 31 December 2024.

Principal activities

The principal activity of the company during the year was the development of property and property rental.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

J Dobson
G Sarvadi
D Sarvadi
S Dobson
Auditor

The auditor, Consilium Audit Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of directors' responsibilities

The directors are responsible for preparing the annual report 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:

 

 

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 of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

ELVINGSTON DEVELOPMENT LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
On behalf of the board
G Sarvadi
Director
13 May 2025
ELVINGSTON DEVELOPMENT LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ELVINGSTON DEVELOPMENT LIMITED
- 4 -
Opinion

We have audited the financial statements of Elvingston Development Limited (the 'company') for the year ended 31 December 2024 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including 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:

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 Auditor's 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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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. 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 course of 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 our audit:

ELVINGSTON DEVELOPMENT LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF ELVINGSTON DEVELOPMENT LIMITED
- 5 -
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 directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

 

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, 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 is 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.

Auditor's 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 an auditor's report 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

 

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

 

 

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence.

ELVINGSTON DEVELOPMENT LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF ELVINGSTON DEVELOPMENT LIMITED
- 6 -

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

 

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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 an auditor's report 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.

Brian Thomson BA(Hons) CA (Senior Statutory Auditor)
For and on behalf of Consilium Audit Limited
Statutory Auditor
169 West George Street
Glasgow
Scotland
G2 2LB
14 May 2025
ELVINGSTON DEVELOPMENT LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
2024
2023
Notes
£
£
Turnover
228,211
188,920
Administrative expenses
(190,950)
(171,537)
Profit before taxation
37,261
17,383
Tax on profit
3
(5,987)
(4,944)
Profit for the financial year
31,274
12,439

The profit and loss account has been prepared on the basis that all operations are continuing operations.

The notes on pages 10 to 16 form part of these financial statements.

ELVINGSTON DEVELOPMENT LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 8 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
4,653
12,840
Investment property
5
1,733,728
1,720,098
1,738,381
1,732,938
Current assets
Debtors
6
22,613
37,784
Cash at bank and in hand
42,439
29,113
65,052
66,897
Creditors: amounts falling due within one year
7
(290,813)
(316,442)
Net current liabilities
(225,761)
(249,545)
Total assets less current liabilities
1,512,620
1,483,393
Creditors: amounts falling due after more than one year
8
(1,251,250)
(1,251,250)
Provisions for liabilities
(1,163)
(3,210)
Net assets
260,207
228,933
Capital and reserves
Called up share capital
10
100
100
Share premium account
6,145
6,145
Profit and loss reserves
253,962
222,688
Total equity
260,207
228,933

The notes on pages 10 to 16 form part of these financial statements.

These financial statements have been prepared 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 13 May 2025 and are signed on its behalf by:
G Sarvadi
Director
Company Registration No. 11756369
ELVINGSTON DEVELOPMENT LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
Share capital
Share premium account
Profit and loss reserves
Total
£
£
£
£
Balance at 1 January 2023
100
6,145
210,249
216,494
Year ended 31 December 2023:
Profit and total comprehensive income for the year
-
-
12,439
12,439
Balance at 31 December 2023
100
6,145
222,688
228,933
Year ended 31 December 2024:
Profit and total comprehensive income for the year
-
-
31,274
31,274
Balance at 31 December 2024
100
6,145
253,962
260,207

The notes on pages 10 to 16 form part of these financial statements.

ELVINGSTON DEVELOPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 10 -
1
Accounting policies
Company information

Elvingston Development Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Blossom Yard, Fourth Floor, London, United Kingdom, E1 6RS. The company's registration number is 11756369.

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 historic cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts invoiced for property rental. Turnover is recognised at the point at which the Company has fulfilled its contractual obligations to the tenants.

1.3
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:

Plant and equipment
25% 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 the profit and loss account.

1.4
Investment properties

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible 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). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

ELVINGSTON DEVELOPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 11 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, 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.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in the profit and loss account, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through the profit and loss account 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 the profit and loss account.

 

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 the profit and loss account.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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.

ELVINGSTON DEVELOPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 12 -
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.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in the profit and loss account in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

 

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit and loss account. Debt instruments may be designated as being measured at fair value through the profit and loss account to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

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.

ELVINGSTON DEVELOPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 13 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Total
-
0
-
0
3
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
8,635
6,842
Adjustments in respect of prior periods
(601)
-
0
Total current tax
8,034
6,842
Deferred tax
Origination and reversal of timing differences
(2,047)
(1,898)
Total tax charge
5,987
4,944
4
Tangible fixed assets
Plant and equipment
£
Cost
At 1 January 2024 and 31 December 2024
60,900
Depreciation and impairment
At 1 January 2024
48,060
Depreciation charged in the year
8,187
At 31 December 2024
56,247
Carrying amount
At 31 December 2024
4,653
At 31 December 2023
12,840
ELVINGSTON DEVELOPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 14 -
5
Investment property
2024
£
Fair value
At 1 January 2024
1,720,098
Additions
13,630
At 31 December 2024
1,733,728

The directors are of the opinion that an open market value of £1,733,728 is appropriate as at 31 December 2024.

 

No tax would arise on the sale of the property at its fair value.

6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
22,613
37,784
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
5,337
39,407
Taxation and social security
16,627
11,287
Other creditors
268,849
265,748
290,813
316,442

Other creditors includes loans from directors of £250,000 (2023: £250,000). These loans are unsecured, interest free and repayable on demand.

8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
1,251,250
1,251,250

Long term other creditors includes loan notes of £1,251,250 (2023: £1,251,250). These loan notes are unsecured, interest free and redeemable in 2029.

ELVINGSTON DEVELOPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 15 -
9
Deferred taxation

The following are the major deferred tax liabilities recognised by the company and movements thereon:

Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
1,163
3,210
2024
Movements in the year:
£
Liability at 1 January 2024
3,210
Credit to profit or loss
(2,047)
Liability at 31 December 2024
1,163
10
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary of £1
100
100
11
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Purchases
2024
2023
£
£
Entities with control, joint control or significant influence over the company
12,605
9,792
Other information

As at the reporting date, £1,189,875 (2023: £1,189,875) was owed by the Company to ultimate controlling party, SJ Square Holdings LLC and is included in other creditors (Note 8). This amount is unsecured, interest free and redeemable in 2029.

 

Also as at reporting date, £250,000 (2023: £250,000) was owed to the directors of the Company and is included in other creditors (Note 7). This amount is unsecured, interest free and repayable on demand.

 

No further transactions with related parties were undertaken such as are required to be disclosed under the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

ELVINGSTON DEVELOPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 16 -
12
Ultimate controlling party

The ultimate controlling party is SJ Squared Holdings LLC, an entity registered in the USA, by virtue of their majority shareholding.

2024-12-312024-01-01falsefalsefalseCCH SoftwareCCH Accounts Production 2025.100J DobsonG SarvadiD SarvadiS DobsonReed Smith Corporate Services Limited117563692024-01-012024-12-3111756369bus:Director12024-01-012024-12-3111756369bus:Director22024-01-012024-12-3111756369bus:Director32024-01-012024-12-3111756369bus:Director42024-01-012024-12-3111756369bus:CompanySecretary12024-01-012024-12-31117563692024-12-31117563692023-01-012023-12-3111756369core:RetainedEarningsAccumulatedLosses2023-01-012023-12-3111756369core:RetainedEarningsAccumulatedLosses2024-01-012024-12-31117563692023-12-3111756369core:PlantMachinery2024-12-3111756369core:PlantMachinery2023-12-3111756369core:CurrentFinancialInstrumentscore:WithinOneYear2024-12-3111756369core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3111756369core:Non-currentFinancialInstrumentscore:AfterOneYear2024-12-3111756369core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3111756369core:CurrentFinancialInstruments2024-12-3111756369core:CurrentFinancialInstruments2023-12-3111756369core:ShareCapital2024-12-3111756369core:ShareCapital2023-12-3111756369core:SharePremium2024-12-3111756369core:SharePremium2023-12-3111756369core:RetainedEarningsAccumulatedLosses2024-12-3111756369core:RetainedEarningsAccumulatedLosses2023-12-3111756369core:ShareCapital2022-12-3111756369core:SharePremium2022-12-3111756369core:RetainedEarningsAccumulatedLosses2022-12-3111756369core:ShareCapitalOrdinaryShareClass12024-12-3111756369core:ShareCapitalOrdinaryShareClass12023-12-3111756369core:PlantMachinery2024-01-012024-12-3111756369core:UKTax2024-01-012024-12-3111756369core:UKTax2023-01-012023-12-3111756369core:PlantMachinery2023-12-31117563692023-12-3111756369core:Non-currentFinancialInstruments2024-12-3111756369core:Non-currentFinancialInstruments2023-12-3111756369core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntitycore:SaleOrPurchaseGoods2024-01-012024-12-3111756369core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntitycore:SaleOrPurchaseGoods2023-01-012023-12-3111756369bus:PrivateLimitedCompanyLtd2024-01-012024-12-3111756369bus:FRS1022024-01-012024-12-3111756369bus:Audited2024-01-012024-12-3111756369bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP