REGISTERED NUMBER: 09708150 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

AXCEL HOSPITALITY (EDINBURGH) LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Income Statement

7

Other Comprehensive Income

8

Statement of Financial Position

9

Statement of Changes in Equity

10

Statement of Cash Flows

11

Notes to the Statement of Cash Flows

12

Notes to the Financial Statements

14

DIRECTORS:

Sunil Patel

Shamir Patel

REGISTERED OFFICE:

2nd Floor

29 Dingwall Road

Croydon

Surrey

CR0 2NB

REGISTERED NUMBER:

09708150 (England and Wales)

SENIOR STATUTORY AUDITOR:

Hazel Day BSc (Hons) FCA DChA

AUDITORS:

Xeinadin Audit Limited

Beckett House

36 Old Jewry

LONDON

EC2R 8DD

The directors present their strategic report for the year ended 31st December 2024.

REVIEW OF BUSINESS

The results for the period and financial position of the company are as shown in the annexed financial statements.

The total turnover of the company during the year amounted to £9,398,065 (2023: £8,204,494). The company's profit amounted to £3,477,213 (2023 £2,936,923). The management is continuing to review its costs and is also looking at ways to increase the company's customer base. The management anticipates that these steps will help in the improvement of the company's performance in the coming year.

Shareholders' funds at the year end were £36,494,545 (2023: £31,742,332).

PRINCIPAL RISKS AND UNCERTAINTIES

The main risks and uncertainties affecting the company are summarised below:

Liquidity risk

With considered preparation and close monitoring of the trading activity budget, the company remains confident of being able to cover operational expenditure, illustrated by its increased profit margins. Expected interest rate rises are being monitored closely in respect of Bank debt service cover, with financial planning measures considered.

Market risk

The medium-term market stability outlook remains optimistic, added to the fact that the company's trading unit is based in an economically-strong location. Market risk is being monitored over the following 24 months.

Credit risk

Within the hotel industry payments are taken upon booking, or automatically charged to the customer on checkout. The company holds minimal trade debtors, therefore credit risk is considered to be low, due to frequent check and control procedures on debtor levels, together with vigorous recovery action when necessary.

ON BEHALF OF THE BOARD:

Sunil Patel - Director

25th September 2025

The directors present their report with the financial statements of the company for the year ended 31st December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company during the year continued to be the ownership and operation of a hotel and related hospitality services.

DIVIDENDS

No dividends will be distributed for the year ended 31st December 2024.

DIRECTORS

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

Sunil Patel

Shamir Patel

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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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;

-	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 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, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Sunil Patel - Director

25th September 2025

Opinion

We have audited the financial statements of Axcel Hospitality (Edinburgh) Limited (the 'company') for the year ended 31st December 2024 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 31st December 2024 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 three, 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:

- Identify and assess the risk 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 purposes 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 the 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 event 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 auditors report to the related disclosure 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 auditor's report. 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.

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.

Hazel Day BSc (Hons) FCA DChA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

Beckett House

36 Old Jewry

LONDON

EC2R 8DD

29th September 2025

TURNOVER

9,398,065

8,204,494

Cost of sales

(656,905

)

(617,727

)

GROSS PROFIT

8,741,160

7,586,767

Administrative expenses

(3,911,590

)

(3,819,864

)

4,829,570

3,766,903

Other operating income

60,000

60,000

OPERATING PROFIT

4

4,889,570

3,826,903

Interest receivable and similar income

2,183

22

4,891,753

3,826,925

Interest payable and similar expenses

5

(442,170

)

(686,374

)

PROFIT BEFORE TAXATION

4,449,583

3,140,551

Tax on profit

6

(972,370

)

(203,628

)

PROFIT FOR THE FINANCIAL YEAR

3,477,213

2,936,923

PROFIT FOR THE YEAR

3,477,213

2,936,923

OTHER COMPREHENSIVE INCOME

Revaluation of properties

1,700,000

4,000,000

Income tax relating to other comprehensive income

(425,000

)

(1,000,000

)

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

1,275,000

3,000,000

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

4,752,213

5,936,923

FIXED ASSETS

Tangible assets

8

49,700,000

48,000,000

CURRENT ASSETS

Stocks

9

12,654

14,209

Debtors

10

466,948

386,811

Cash at bank and in hand

4,014,666

417,752

4,494,268

818,772

CREDITORS

Amounts falling due within one year

11

(2,128,768

)

(1,484,985

)

NET CURRENT ASSETS/(LIABILITIES)

2,365,500

(666,213

)

TOTAL ASSETS LESS CURRENT LIABILITIES

52,065,500

47,333,787

CREDITORS

Amounts falling due after more than one year

12

(9,006,173

)

(9,451,673

)

PROVISIONS FOR LIABILITIES

15

(6,564,782

)

(6,139,782

)

NET ASSETS

36,494,545

31,742,332

CAPITAL AND RESERVES

Called up share capital

16

100

100

Revaluation reserve

17

19,812,175

18,537,175

Retained earnings

17

16,682,270

13,205,057

SHAREHOLDERS' FUNDS

36,494,545

31,742,332

The financial statements were approved by the Board of Directors and authorised for issue on 25th September 2025 and were signed on its behalf by:

Sunil Patel - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1st January 2023

100

10,268,134

15,537,175

25,805,409

Changes in equity

Total comprehensive income

-

2,936,923

3,000,000

5,936,923

Balance at 31st December 2023

100

13,205,057

18,537,175

31,742,332

Changes in equity

Total comprehensive income

-

3,477,213

1,275,000

4,752,213

Balance at 31st December 2024

100

16,682,270

19,812,175

36,494,545

Cash flows from operating activities

Cash generated from operations

1

4,594,141

4,129,913

Interest paid

(442,170

)

(686,374

)

Tax paid

(170,421

)

(168,257

)

Net cash from operating activities

3,981,550

3,275,282

Cash flows from investing activities

Interest received

2,183

22

Net cash from investing activities

2,183

22

Cash flows from financing activities

Loan repayments in year

(385,500

)

(3,845,478

)

Amounts owed by group undertakings

(2,711

)

(43,676

)

Net cash from financing activities

(388,211

)

(3,889,154

)

Increase/(decrease) in cash and cash equivalents

3,595,522

(613,850

)

Cash and cash equivalents at beginning of year

2

414,466

1,028,316

Cash and cash equivalents at end of year

2

4,009,988

414,466

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

2024

2023

£

£

Profit before taxation

4,449,583

3,140,551

Finance costs

442,170

686,374

Finance income

(2,183

)

(22

)

4,889,570

3,826,903

Decrease in stocks

1,555

2,280

(Increase)/decrease in trade and other debtors

(77,764

)

97,712

(Decrease)/increase in trade and other creditors

(219,220

)

203,018

Cash generated from operations

4,594,141

4,129,913

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 31st December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

4,014,666

417,752

Bank overdrafts

(4,678

)

(3,286

)

4,009,988

414,466

Year ended 31st December 2023

31.12.23

1.1.23

£

£

Cash and cash equivalents

417,752

1,030,195

Bank overdrafts

(3,286

)

(1,879

)

414,466

1,028,316

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank and in hand

417,752

3,596,914

4,014,666

Bank overdrafts

(3,286

)

(1,392

)

(4,678

)

414,466

3,595,522

4,009,988

Debt

Debts falling due within 1 year

(514,000

)

-

(514,000

)

Debts falling due after 1 year

(8,490,522

)

385,500

(8,105,022

)

(9,004,522

)

385,500

(8,619,022

)

Total

(8,590,056

)

3,981,022

(4,609,034

)

1.	STATUTORY INFORMATION

Axcel Hospitality (Edinburgh) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal place of business is 46 Torphichen Street, Edinburgh, EH3 8JB.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the fair value of consideration received or receivable for the provision of goods and services in the ordinary course of business, excluding value added tax and trade discounts. Revenue is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably.

Room revenue

Revenue from the provision of accommodation is recognised on a straight-line basis over the period of the guest’s stay. Amounts received in advance of the period of stay are recorded as deferred income and recognised as revenue when the related services are provided.

Other revenue

Revenue from other goods and services, including food and beverage sales, conferences and events, leisure services, and car parking, is recognised at the point when the goods are supplied or the services are rendered to the customer. Deposits and advance payments received in respect of these services are recorded as deferred income until the service obligation has been fulfilled.

Tangible fixed assets

Freehold property includes a freehold hotel which is carried at its revalued amount, being fair value at the date of valuation less impairment losses. Revaluations are performed by professional qualified valuers with sufficient regularity to ensure that the carrying amounts do not differ materially from those that would be determined using fair values at the end of each reporting period.

It is the group's practice to maintain these assets in a continual state of sound repair and to extend and make improvements thereto from time to time and accordingly the directors consider that the lives of these assets are so long and residual values are so high that their depreciation is insignificant.

Any revaluation increase in the carrying amount of land and buildings is recognised in other comprehensive income and included in a revaluation reserve in equity, except to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss, in which case the increase is credited to profit and loss to the extent of the decrease previously expended.

Decreases that offset previous increases of the same asset are charged in other comprehensive income and debited against revaluation reserve in equity; decreases exceeding the balance in revaluation reserve relating to an asset are recognised in profit or loss. The use of a policy of revaluation provides more relevant and reliable information about the value of the property owned by the company.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Significant accounting estimates

The preparation of the financial statements in accordance with UK GAAP requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making judgements about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.

Significant estimates and assumptions are made in particular with regard to determining the valuation of the company's hotel included in Tangible Fixed Assets. In line with many other company's in the industry, the hotel value is derived from assumed future trading results which are discounted using interest rates provided by commercial property experts.

Bank and cash accounting

Cash at bank and in hand includes cash and short-term highly liquid investments with a maturity of three months or less from the date of acquisition. Bank overdrafts are shown within borrowings in current liabilities.

Expenditure accounting

Expenditure is recognised in the profit and loss account on an accruals basis as the related goods and services are received. Costs are charged to the profit and loss account except where they relate to the acquisition of an asset, in which case they are capitalised in accordance with the company’s capitalisation policy.

3.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

1,342,741

1,267,392

Social security costs

111,388

88,388

Other pension costs

8,169

12,000

1,462,298

1,367,780

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

2024

2023

Office and administration

2

2

Others

64

63

66

65

2024

2023

£

£

Directors' remuneration

-

-

4.	OPERATING PROFIT

The operating profit is stated after charging:

2024

2023

£

£

Other operating leases

680,700

603,894

Auditors' remuneration

5,835

4,500

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Bank loan interest

442,170

686,374

6.

TAXATION

Analysis of the tax charge

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

2024

2023

£

£

Current tax:

UK corporation tax

972,370

203,628

Tax on profit

972,370

203,628

Reconciliation of total tax charge included in profit and loss

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

2024

2023

£

£

Profit before tax

4,449,583

3,140,551

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 23.520%)

1,112,396

738,658

Effects of:

Expenses not deductible for tax purposes

94

-

Capital allowances in excess of depreciation

(113,016

)

(125,328

)

Utilisation of tax losses

(27,104

)

(409,702

)

Total tax charge

972,370

203,628

Tax effects relating to effects of other comprehensive income

2024

Gross

Tax

Net

£

£

£

Revaluation of properties

1,700,000

(425,000

)

1,275,000

2023

Gross

Tax

Net

£

£

£

Revaluation of properties

4,000,000

(1,000,000

)

3,000,000

7.	DEFINED CONTRIBUTION PENSION

The charge to the profit and loss account for the defined contribution pension scheme was £8,169 (2023: £12,000). At the year end, £1,538 (2023: £2,416) was outstanding and included in creditors.

8.	TANGIBLE FIXED ASSETS

Freehold

land and

buildings

£

COST OR VALUATION

At 1st January 2024

48,000,000

Revaluations

1,700,000

At 31st December 2024

49,700,000

NET BOOK VALUE

At 31st December 2024

49,700,000

At 31st December 2023

48,000,000

Cost or valuation at 31st December 2024 is represented by:

Freehold

land and

buildings

£

Valuation in 2024

26,376,956

Cost

23,323,044

49,700,000

If Freehold land and building had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

23,323,044

23,323,044

Value of land in freehold land and buildings

2,310,530

2,310,530

The hotel property was revalued at October 2024 at market value by an independent professional valuer.

9.

STOCKS

2024

2023

£

£

Stocks

12,654

14,209

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

133,481

67,534

Amounts owed by group undertakings

51,970

49,597

Other debtors and prepayments

281,497

269,680

466,948

386,811

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 13)

518,678

517,286

Trade creditors

153,849

246,072

Amounts owed to group undertakings

-

338

Tax

837,320

35,371

Social security and other taxes

27,196

22,273

VAT

213,324

211,362

Other creditors and accruals

253,833

319,912

Accruals and deferred income

124,568

132,371

2,128,768

1,484,985