REGISTERED NUMBER: 14729689 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2024 TO 31 DECEMBER 2024

FOR

MOVE SOUTH LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Director

5

Report of the Independent Auditors

7

Statement of Income and Retained Earnings

11

Balance Sheet

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

DIRECTOR:

O T Blake

REGISTERED OFFICE:

8-12 Military Road

Chatham

Kent

ME4 4JA

REGISTERED NUMBER:

14729689 (England and Wales)

AUDITORS:

Ashdown Hurrey Auditors Limited

Statutory Auditor

20 Havelock Road

Hastings

East Sussex

TN34 1BP

The director presents his strategic report for the period 1 May 2024 to 31 December 2024.

REVIEW OF BUSINESS

The business is a franchise operation with two brands of Your Move and Reeds Rains based in London and the Southeast of England. The business was an acquisition of 30 offices from a trading corporate Estate Agency (LSL Property Services).

The accounting period covers 8 months to end 31 December so as to align with internal reporting by calendar year. The business benefitted with positive trading at the tail end of 2023 which ensured strong pipeline of residential fees as we turned the year into 2024. Transactional speed for the residential sales market remains a constant challenge with record levels of lender and conveyancer enquiries reported on transactions, this has led to the slow transactional speed throughout 2024 in London and the Southeast. Overall sales activity remained stable throughout 2024, and the business continued to benefit from a reduction of costs started in May 2023 which enhanced our overall results.

The Lettings Market continued to be positive throughout the year, supply of new instructions fell marginally in the second half of 2024 compared to the same period in 2023 but with continued high tenant demand rents continued to rise in most locations throughout 2024 with London seeing accelerated rental inflation against the backdrop of the UK by November 2024.

The ongoing uncertainty surrounding legislation changes alongside tax changes continued to affect Landlord instructions though, while evidence have suggested accidental landlords have exited the market, many of these properties have been purchased by more institutional landlords and recycled back into the market. Concern continues as to the effects of the pending Renters Rights Bill which is now expected to take effect early 2026 and whether it will further affect available stock levels in the private rental sector.

The business benefitted from an improved cost base in 2023 and maintained positive cost controls over the summer months which improved returns despite the disappointing residential transactional speed. The business has looked at several potential acquisitions through the second half of 2024 and continue to do so, we are however committed to ensuring any acquisition is the right fit for the business and that we acquire in line with market values.

FINANCIAL KEY PERFORMANCE INDICATORS

May-Dec 2023

May-Dec 2024

Movement

Inspections

3,429

3,469

1.2%

Instructions

1,511

1,579

4.5%

Conversion Rate

44%

46%

Exchange performance (Units)

745

867

16.4%

Exchange performance (Fees)

£2,927,400

£3,445,653

17.7%

Pipeline (Units)

505

564

11.7%

Pipeline (Fees)

£1,963,212

£2,225,092

13.3%

Revenue

£8,411,648

£9,590,442

14.0%

Please note the comparative figures for 2023 are based on the same months that these accounts cover rather than the full period that was reported of May 2023 to 30th April 2024.

PRINCIPAL RISKS AND UNCERTAINTIES

The Move South board regularly reviews risks facing the business and strategically plans to mitigate these whether short or long term. Principle risks are set out below.

Residential Sales Market

As a business we are directly linked to UK economic factors which also affect customer sentiment which is cyclical. The interest rate changes during the second half of 2024 were welcomed, the cuts didn't affect the wholesale mortgage market at the back of the year with the fear of rising inflation. Despite this sales activity in the second half of the year increased over the same period in 2023 as buyer demand continued to grow. House price inflation slowed in London and the Southeast compared to previous years with little or negative growth at the higher end of the market (1.6m+).

The revenue mix between sales and lettings does benefit Move South and helps mitigate the effects of any softening of the residential sales market.

Lettings and Property Management

A mentioned the principal risks in the lettings market remain the shortage of new stock coming to the market and the backdrop of further legislation with the Renters Reform Bill still to gain royal ascent. The business continues to inform Landlords regularly of the potential changes to maintain Landlord confidence, not all changes proposed are negative, so it remains crucial to communicate a balanced view. The real risk is that legislative changes may have a sobering effect on new lettings instructions to the market as well as existing stock being supressed. It seems the industry will have to wait until 2026 to understand the real effect of the proposed changes though as a business we remain confident that many Landlords will continue to maintain a long-term approach to their investment portfolio.

Property management could see some benefits with the enhancement of new technology and Move South Limited is committed to being at the forefront of investing and introducing and improvements to software that may help its customers.

Regulatory Compliance

We expect this to feature heavily in the years to come and as a business we will ensure we fully meet changes to future legislation. Compliance in this area is essential, and we will maintain close communication with regulating and industry bodies to shape the business and implement any changes within specified timescales. LSL Property Services as the franchisor also delivers Move South with overarching support through online training for staff and a wider source of information relevant to impending changes.

Employee Retention

During 2024 Move South Limited kept employee retention as a priority and made a minor reduction to operating hours to benefit employees, we maintain a flexible approach to contracted hours and have maintained levels of pay at entry level to be in excess or the National Living Wage requirements. We continue to work hard to not only attract the best new candidates but to encourage internal promotion and offer a career path for existing employees of the business.

Move South Limited continues to review remuneration schemes regularly to ensure we are not only competitive but attractive as an employer. As a business we are active in searching for enhancements in technology to support our employees to deliver the highest standards of customer service through highly trained and informed staff.

Cashflow

Due to the nature of the sales market and its direct link to the UK economy, cashflow remains a principal risk. We have continued to focus on creating a positive balance sheet and ensuring we have cash reserves to support the business. The business has strategic goals in place to continue to grow the balance sheet and will have the ability to draw on additional financing should the need arise.

FUTURE DEVELOPMENTS

During 2024 we have undertaken a review of the branch network structure and made changes that will invest in experienced staff enabling us to better utilise their wealth of experience and knowledge of the industry. The company has a growth strategy and is looking to expand its footprint through acquiring lettings books.

ON BEHALF OF THE BOARD:

O T Blake - Director

25 September 2025

The director presents his report with the financial statements of the company for the period 1 May 2024 to 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of residential property estate agency and residential letting and property management.

DIVIDENDS

The total distribution of dividends for the period ended 31 December 2024 is £nil.

EVENTS SINCE THE END OF THE PERIOD

Information relating to events since the end of the period is given in the notes to the financial statements.

DIRECTOR

O T Blake held office during the whole of the period from 1 May 2024 to the date of this report.

FINANCIAL INSTRUMENTS

The company's principal financial instruments comprise bank balances, trade creditors, trade debtors, drawdown facility from the franchisor and operating lease agreements. The main purpose of these instruments is to finance the company's operations.

Due to the nature of the financial instruments used by the company there is no exposure to price risk. The company's approach to managing other risks applicable to the financial instruments concerned is shown below.

In respect of bank balances, the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of overdrafts at floating rates of interest.

The company's operating lease commitments are in respect of the property from which the company operates. The liquidity risk in respect of these is managed in the same way as bank balances above.

The company's trade debtors are recovered via the solicitors upon completion of property sales and lettings. These are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits.

Trade creditors and drawdown facility liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 director is 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 he 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.

AUDITORS

The auditors, Ashdown Hurrey Auditors Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

O T Blake - Director

25 September 2025

Opinion

We have audited the financial statements of Move South Limited (the 'company') for the period ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Cash Flow Statement, 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 December 2024 and of its profit for the period 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, 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 Director 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 Director 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 Director.

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 director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page five, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has 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.

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. Our approach toidentifying and assessing the risks of material misstatement in respect of irregularities, including fraud was as follows:

The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skillsto identify or recognise non-compliance with applicable laws and regulations:

- We identified the laws and regulations applicable to the company through discussions with directors and other management, andfrom our commercial knowledge and experience of the sector in which the company operates;

-We focused on specific laws and regulations which we considered may have a direct impact material effect on the financialstatements, or the operations of the company which included the Companies Act 2006, Consumer Protection from Unfair Trading regulations 2008 and the Business protection from misleading marketing regulations 2008;

- We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and Identified laws and regulations were communicated within the audit team and the team remained alert to instances of non-compliance throughout the audit.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to involve the

completeness and timing of income recognition and the override of controls by management.

To address the risk of fraud in relation to revenue recognition, we:

- Performed detailed substantive testing to address completeness and accuracy of sales;

- Assessed the appropriateness and application of the accounting policy concerning income recognition; and

-Performed detailed cut-off testing either side of the balance sheet date.

To address the risk of fraud through management bias and override of controls, we:

- Performed analytical procedures to identify any unusual or unexpected relationships;

- Tested journal entries to identify unusual transactions;

- Assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias;

-Investigated the rationale behind significant or unusual transactions.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliancewith a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the

financial reporting council website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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.

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.

Simon Lawrence FCCA (Senior Statutory Auditor)

for and on behalf of Ashdown Hurrey Auditors Limited

Statutory Auditor

20 Havelock Road

Hastings

East Sussex

TN34 1BP

25 September 2025

TURNOVER

3

9,537,652

12,949,627

Cost of sales

(1,204,084

)

(1,855,888

)

GROSS PROFIT

8,333,568

11,093,739

Administrative expenses

(7,449,102

)

(10,676,208

)

OPERATING PROFIT

5

884,466

417,531

Interest receivable and similar income

10

2,904

884,476

420,435

Interest payable and similar expenses

6

(3,948

)

(28,430

)

PROFIT BEFORE TAXATION

880,528

392,005

Tax on profit

7

(207,897

)

(98,001

)

PROFIT FOR THE FINANCIAL PERIOD

672,631

294,004

Retained earnings at beginning of period

293,004

-

Dividends

8

-

(1,000

)

RETAINED EARNINGS AT END OF PERIOD

965,635

293,004

FIXED ASSETS

Tangible assets

9

48,941

-

CURRENT ASSETS

Debtors

10

1,049,097

1,328,311

Cash at bank

1,775,071

1,136,007

2,824,168

2,464,318

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

11

1,907,473

2,171,313

NET CURRENT ASSETS

916,695

293,005

TOTAL ASSETS LESS CURRENT LIABILITIES

965,636

293,005

CAPITAL AND RESERVES

Called up share capital

15

1

1

Retained earnings

16

965,635

293,004

SHAREHOLDERS' FUNDS

965,636

293,005

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

O T Blake - Director

Cash flows from operating activities

Cash generated from operations

1

996,438

861,533

Interest paid

(3,948

)

(28,430

)

Net cash from operating activities

992,490

833,103

Cash flows from investing activities

Purchase of tangible fixed assets

(53,436

)

-

Interest received

10

2,904

Net cash from investing activities

(53,426

)

2,904

Cash flows from financing activities

New loans in year

-

550,000

Loan repayments in year

(300,000

)

(250,000

)

Amount introduced by directors

-

1,000

Amount withdrawn by directors

-

(1

)

Share issue

-

1

Equity dividends paid

-

(1,000

)

Net cash from financing activities

(300,000

)

300,000

Increase in cash and cash equivalents

639,064

1,136,007

Cash and cash equivalents at beginning of period

2

1,136,007

-

Cash and cash equivalents at end of period

2

1,775,071

1,136,007

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

Period

Period

1.5.24

14.3.23

to

to

31.12.24

30.4.24

£

£

Profit before taxation

880,528

392,005

Depreciation charges

4,495

-

Finance costs

3,948

28,430

Finance income

(10

)

(2,904

)

888,961

417,531

Decrease/(increase) in trade and other debtors

279,214

(1,328,311

)

(Decrease)/increase in trade and other creditors

(171,737

)

1,772,313

Cash generated from operations

996,438

861,533

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Period ended 31 December 2024

31.12.24

1.5.24

£

£

Cash and cash equivalents

1,775,071

1,136,007

Period ended 30 April 2024

30.4.24

14.3.23

£

£

Cash and cash equivalents

1,136,007

-

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.5.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank

1,136,007

639,064

1,775,071

1,136,007

639,064

1,775,071

Debt

Debts falling due within 1 year

(300,000

)

300,000

-

(300,000

)

300,000

-

Total

836,007

939,064

1,775,071

1.	STATUTORY INFORMATION

Move South 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

On the basis of this consideration, the directors are satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they consider that no material uncertainty exists. As a result, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

Turnover

Residential turnover is generated from residential property sales and is recognised upon exchange, when contracts of sale are signed.

Lettings turnover is generated from acting as property landlords' agent, and is recognised on a cash basis, with a year end adjustment for invoices raised not yet paid.

Tangible fixed assets

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

Taxation

Taxation for the period 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 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

Period

Period

1.5.24

14.3.23

to

to

31.12.24

30.4.24

£

£

Residential

3,902,667

4,757,544

Lettings

5,020,191

7,249,626

Other

614,794

942,457

9,537,652

12,949,627

4.	EMPLOYEES AND DIRECTORS

Period

Period

1.5.24

14.3.23

to

to

31.12.24

30.4.24

£

£

Wages and salaries

4,357,578

6,090,145

Social security costs

460,346

643,348

Other pension costs

192,049

261,735

5,009,973

6,995,228

The average number of employees during the period was as follows:

Period

Period

1.5.24

14.3.23

to

to

31.12.24

30.4.24

Head Office

6

6

Branch Employees

188

182

194

188

Period

Period

1.5.24

14.3.23

to

to

31.12.24

30.4.24

£

£

Director's remuneration

119,775

162,843

5.	OPERATING PROFIT

The operating profit is stated after charging:

Period

Period

1.5.24

14.3.23

to

to

31.12.24

30.4.24

£

£

Depreciation - owned assets

4,495

-

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

Period

1.5.24

14.3.23

to

to

31.12.24

30.4.24

£

£

Bank interest

3,948

28,430

7.

TAXATION

Analysis of the tax charge

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

Period

Period

1.5.24

14.3.23

to

to

31.12.24

30.4.24

£

£

Current tax:

UK corporation tax

207,897

98,001

Tax on profit

207,897

98,001

Reconciliation of total tax charge included in profit and loss

The tax assessed for the period is lower than the standard rate of corporation tax in the UK. The difference is explained below:

Period

Period

1.5.24

14.3.23

to

to

31.12.24

30.4.24

£

£

Profit before tax

880,528

392,005

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

220,132

98,001

Effects of:

Capital allowances in excess of depreciation

(12,235

)

-

Total tax charge

207,897

98,001

8.

DIVIDENDS

Period

Period

1.5.24

14.3.23

to

to

31.12.24

30.4.24

£

£

Ordinary shares of .01 each

Interim

-

1,000

9.	TANGIBLE FIXED ASSETS

Improvement

to

property

£

COST

Additions

53,436

At 31 December 2024

53,436

DEPRECIATION

Charge for period

4,495

At 31 December 2024

4,495

NET BOOK VALUE

At 31 December 2024

48,941

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.4.24

£

£

Trade debtors

863,628

1,053,040

Prepayments

185,469

275,271

1,049,097

1,328,311

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.4.24

£

£

Other loans (see note 12)

-

300,000

Trade creditors

375,520

651,197

Tax

305,898

98,001

Social security and other taxes

197,076

161,687

VAT

342,470

457,870

Other creditors

17,609

-

Directors' current accounts

999

999

Accrued expenses

667,901

501,559

1,907,473

2,171,313