Other reserves consists of other distributable reserves of £939,847 (2023: £939,847) and a share based payments reserve of £181,104 (2023: £90,901).
10. Share-Based Payments
Some of the employees of the company have been granted options over shares in HandsHQ Limited. The options are granted with a fixed exercise price, vest over three years, are exercisable only upon a sale of the business, and expire 10 years after the date of grant. Employees are required to remain in employment with the company. The company makes grants approximately every year.
2023: 2024:
No. Weighted average No. Weighted average
exercise price £ exercise price £
Outstanding at the beginning of the period 174,585 0.0001 189,702 0.0001
Outstanding at the end of the period 189,702 0.0001 193,691 0.0001
Exercisable at the end of the period 0 0
The total share-based payment expenses in the year are £90,203 (2023: £42,606)