Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2024

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

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

David Barrett
Charles Trigg
Michael Roddy
Michael Crump

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 September 2025

And signed on behalf of the board by:
Name: Michael Crump
Status: Director

Balance sheet

As at 31 December 2024

	Notes	2024	2023
		£	£
Fixed assets
Tangible assets:	3	12,893,815	13,203,799
Investments:		0	0
Total fixed assets:		12,893,815	13,203,799
Current assets
Debtors:	4	10,270,628	5,216,469
Cash at bank and in hand:		5,092	16,385
Total current assets:		10,275,720	5,232,854
Net current assets (liabilities):		10,275,720	5,232,854
Total assets less current liabilities:		23,169,535	18,436,653
Creditors: amounts falling due after more than one year:	5	( 18,086,620 )	( 13,208,403 )
Provision for liabilities:		( 3,404,333 )	( 2,145,085 )
Accruals and deferred income:		0
Total net assets (liabilities):		1,678,582	3,083,165
Capital and reserves
Called up share capital:		204,054	204,054
Other reserves:		8,444,255	8,444,255
Profit and loss account:		(6,969,727 )	(5,565,144 )
Total Shareholders' funds:		1,678,582	3,083,165

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Tangible fixed assets depreciation policy

  Property, plant and equipment is stated at cost, plus any purchase price allocation uplift, less accumulated depreciation and any accumulated impairment losses. Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item is measured reliability. The carrying amount of the replaced part is derecognised. All other repairs and maintenance are charged to the Income Statement during the financial period in which they are incurred. Depreciation is provided on all property, plant and equipment to write oof the cost less estimated residual value of each asset over its expected useful economic useful life on a straight-line basis at the following annual rates: Office equipment 12.5% - 50% Land and minerals 0% - 10% Land and buildings 0% - 10% Plant and machinery 4% to 33% Furniture and vehicles 7.5% to 33.3% Construction in progress 0% The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period. An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised within ‘Other net gains/(losses)’ in the Income Statement.

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 2. Employees

  	2024	2023
  Average number of employees during the period	0	0