REGISTERED NUMBER: 02235573 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HAWKSWORTH SECURITIES PLC

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Income Statement

10

Other Comprehensive Income

11

Statement of Financial Position

12

Statement of Changes in Equity

13

Statement of Cash Flows

14

Notes to the Statement of Cash Flows

15

Notes to the Financial Statements

17

DIRECTORS:

P J F Breach

Mrs J Breach

H W F Breach

C A T Breach

A R L Breach

SECRETARY:

Mrs J Breach

REGISTERED OFFICE:

First Floor

7 Park Street

Bristol

BS1 5NF

REGISTERED NUMBER:

02235573 (England and Wales)

AUDITORS:

Burnside

Chartered Accountants

and Statutory Auditor

61 Queen Square

Bristol

BS1 4JZ

The directors present their strategic report for the year ended 31 March 2025.

DEVELOPMENTS WITHIN THE YEAR AND FUTURE PLANS

Following a significant group restructure on 29 March 2018, Hawksworth Securities Plc ceased to hold its previous subsidiary undertakings. The company is now wholly owned by Hawksworth Limited.

The company continues to focus its efforts on the development of its strategic site in Peterborough. Outline planning consent for a mixed-use development was originally granted by Peterborough City Council on 30 November 2018. However, this consent expired in November 2021. Progress on the site was significantly affected by the onset of the COVID-19 pandemic, which altered market dynamics and reduced demand for certain intended uses such as office and leisure space.

In response to changing market conditions, the company has prepared a revised scheme that reflects current demand trends while incorporating feedback received through pre-application discussions with the Planning Authority.

The collaboration agreement previously entered into with Peterborough City Council in September 2020 to advance the development is no longer in place. A proposed replacement agreement has been submitted, although progress has been limited due to a lack of engagement from the Council, attributed to resource constraints, competing priorities, and changes in political leadership.

The company has since revised its strategy and is no longer pursuing a formal development partnership with the local authority. Instead, Hawksworth has proactively engaged with private sector stakeholders, including hoteliers and accommodation providers, as part of its plan to progress the regeneration of the North Westgate site. Discussions with these parties are ongoing and constructive.

The directors remain confident in the long-term prospects of the site and the regeneration opportunity it presents.

Having reviewed with their consultants current ownership of adjacent plots to the company's sites in the North Westgate area of Peterborough, the directors intend to approach the owners with a view to purchase.

PRINCIPAL RISKS AND UNCERTAINTIES

Tenant failure - the company keeps the tenant base under review at all times and endeavours to maintain good relationships with all tenants. This, in turn minimises the risk of a surprise exposure to credit and cash flow risks.

Interest rate changes - the company's borrowing is charged at a fixed margin of 2.5% over base and is scheduled to expire in 2040. The company manages the associated liquidity risk by ensuring that sufficient funds are available to meet all payments.

Significant falls of commercial and residential property values on a national scale, versus construction costs which remain high following the pandemic - this is a risk common to all businesses which own land for development and significant changes in the market could cause viability issues with the development project in North Westgate, Peterborough.

FINANCIAL INSTRUMENTS

The company's activities expose it to a number of financial risks including price risk, credit risk, and

cash flow and liquidity risk:

Price risk - the company's leases all include provision for regular upwards only rent reviews, thus

minimising the company's exposure to price risk.

Credit risk - the existing tenant base is kept under constant review and new customer accounts are

credit checked in line with credit insurance guidelines.

Liquidity risk - in order to maintain liquidity, the company uses medium term finance to ensure that

sufficient funds are available for ongoing operations and future developments.

Cash flow risk - the company holds long term tenancy agreements with tenants and receives rent

quarterly and monthly in advance, therefore minimising cash flow risk.

ON BEHALF OF THE BOARD:

C A T Breach - Director

3 September 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

P J F Breach

Mrs J Breach

H W F Breach

C A T Breach

A R L Breach

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;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Burnside, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

C A T Breach - Director

3 September 2025

Opinion

We have audited the financial statements of Hawksworth Securities Plc (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, 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 31 March 2025 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.

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 four, 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.

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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

An understanding of the legal and regulatory framework applicable to the entity was obtained from management and those charged with governance of the entity, and the audit engagement team was confirmed to have the appropriate competence and capabilities to identify non-compliance with such a framework.

No significant instances of fraud, non-compliance with laws and regulations or other irregularities were communicated to the engagement team by management or those charged with governance, and no particular audit areas or legislation were identified that gave rise to any significant risks of material misstatement in respect of such irregularities.

Due to the size and nature of the entity, its susceptibility to material misstatement resulting from fraud, non-compliance with laws and regulations, or other irregularities is considered to be low, and the audit approach was appropriately planned so as to address this risk.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

-

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

-	Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.

-	Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

-

Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Report of the Auditors to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Report of the Auditors. However, future events or conditions may cause the company to cease to continue as a going concern.

-	Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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.

Stephen Burnside, FCA (Senior Statutory Auditor)

for and on behalf of Burnside

Chartered Accountants

and Statutory Auditor

61 Queen Square

Bristol

BS1 4JZ

3 September 2025

TURNOVER

384,771

400,577

Administrative expenses

168,966

127,638

OPERATING PROFIT

4

215,805

272,939

Interest payable and similar expenses

5

105,288

109,832

PROFIT BEFORE TAXATION

110,517

163,107

Tax on profit

6

28,723

40,777

PROFIT FOR THE FINANCIAL YEAR

81,794

122,330

PROFIT FOR THE YEAR

81,794

122,330

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

81,794

122,330

FIXED ASSETS

Tangible assets

7

3,363

6,088

Investments

8

23,075

23,075

26,438

29,163

CURRENT ASSETS

Stocks

9

4,518,974

4,474,222

Debtors

10

1,974,656

1,986,278

Cash at bank

108,892

268,988

6,602,522

6,729,488

CREDITORS

Amounts falling due within one year

11

4,561,443

4,758,020

NET CURRENT ASSETS

2,041,079

1,971,468

TOTAL ASSETS LESS CURRENT LIABILITIES

2,067,517

2,000,631

CREDITORS

Amounts falling due after more than one year

12

254,706

269,614

NET ASSETS

1,812,811

1,731,017

CAPITAL AND RESERVES

Called up share capital

15

1,063,000

1,063,000

Capital redemption reserve

86,000

86,000

Retained earnings

663,811

582,017

SHAREHOLDERS' FUNDS

1,812,811

1,731,017

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2025 and were signed on its behalf by:

C A T Breach - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

1,063,000

459,687

86,000

1,608,687

Changes in equity

Total comprehensive income

-

122,330

-

122,330

Balance at 31 March 2024

1,063,000

582,017

86,000

1,731,017

Changes in equity

Total comprehensive income

-

81,794

-

81,794

Balance at 31 March 2025

1,063,000

663,811

86,000

1,812,811

Cash flows from operating activities

Cash generated from operations

1

134,432

246,024

Interest paid

(105,288

)

(109,832

)

Tax paid

(41,189

)

(25,671

)

Net cash from operating activities

(12,045

)

110,521

Cash flows from investing activities

Purchase of tangible fixed assets

-

(6,725

)

Purchase of fixed asset investments

-

(10,010

)

Net cash from investing activities

-

(16,735

)

Cash flows from financing activities

Bank loan repayments in year

(14,908

)

(13,651

)

Loan from companies under common control

(133,143

)

(202,522

)

Net cash from financing activities

(148,051

)

(216,173

)

Decrease in cash and cash equivalents

(160,096

)

(122,387

)

Cash and cash equivalents at beginning of year

2

268,988

391,375

Cash and cash equivalents at end of year

2

108,892

268,988

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

2025

2024

£

£

Profit before taxation

110,517

163,107

Depreciation charges

2,725

1,649

Finance costs

105,288

109,832

218,530

274,588

Increase in stocks

(44,752

)

(15,642

)

Decrease/(increase) in trade and other debtors

11,622

(34,129

)

(Decrease)/increase in trade and other creditors

(50,968

)

21,207

Cash generated from operations

134,432

246,024

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

108,892

268,988

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

268,988

391,375

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank

268,988

(160,096

)

108,892

268,988

(160,096

)

108,892

Debt

Debts falling due within 1 year

(4,610,354

)

133,143

(4,477,211

)

Debts falling due after 1 year

(269,614

)

14,908

(254,706

)

(4,879,968

)

148,051

(4,731,917

)

Total

(4,610,980

)

(12,045

)

(4,623,025

)

1.	STATUTORY INFORMATION

Hawksworth Securities Plc is a non-traded public company, limited by shares, registered in England and Wales. The company's registered number and registered address can be found on the Company Information page.

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.

Going concern

The directors have considered the 12 months from the date of the approval of the accounts and confirm their belief, that the company will be able to continue to operate in that period.

Cash flow forecasts have been prepared by the company and these show that the company will continue to have adequate cash balances over the next 12 months to operate.

The directors have therefore prepared the accounts on the going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting judgements and key sources of estimation uncertainty

The key accounting judgement and estimation uncertainty is whether the net realisable value of development stock is higher than the cost of development stock.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Turnover

Turnover represents rents receivable on the company's properties in line with the terms of their leases, net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Stocks

Stocks, representing development of land and buildings in progress, are measured at the lower of cost and estimated realisable value. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 31 March 2025 nor for the year ended 31 March 2024.

The average number of employees during the year was 0 (2024 - 0).

2025

2024

£

£

Directors' remuneration

2,083

2,160

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

2,725

1,649

Auditors' remuneration

6,880

6,550

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank loan interest

20,613

21,960

Other interest payable

84,675

87,872

105,288

109,832

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

28,723

40,777

Tax on profit

28,723

40,777

7.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

8,308

DEPRECIATION

At 1 April 2024

2,220

Charge for year

2,725

At 31 March 2025

4,945

NET BOOK VALUE

At 31 March 2025

3,363

At 31 March 2024

6,088

8.	FIXED ASSET INVESTMENTS

Unlisted

investment

£

COST

At 1 April 2024

and 31 March 2025

23,075

NET BOOK VALUE

At 31 March 2025

23,075

At 31 March 2024

23,075

The investments above are in a single company. One of the directors, through voting rights held personally and by Hawksworth Securities plc, has significant influence over the company invested in.

9.

STOCKS

2025

2024

£

£

Work in progress

4,518,974

4,474,222

Land with a cost of £650,000 held within development stock has a first charge over it to secure the company bank loan.

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

46,306

47,829

Other debtors

1,928,245

1,938,245

Prepayments and accrued income

105

204

1,974,656

1,986,278

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 13)

13,651

13,651

Other loans (see note 13)

4,463,560

4,596,703

Trade creditors

1,753

63,600

Tax

28,311

40,777

VAT

18,251

10,355

Other creditors

-

3,936

Rents in advance

20,625

20,625

Accruals and deferred income

15,292

8,373

4,561,443

4,758,020

12.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 13)

254,706

269,614

13.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

13,651

13,651

Other loans

4,463,560

4,596,703

4,477,211

4,610,354

Amounts falling due between one and two years:

Bank loans - 1-2 years

13,651

13,651

Amounts falling due between two and five years:

Bank loans - 2-5 years

40,954

40,954

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

200,101

215,009

14.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

268,357

283,265

The bank loan is secured by a first charge over part of the land held by the company within development stock. The land has a cost value of £650,000.

15.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,063,000

Ordinary

£1

1,063,000

1,063,000