REGISTERED NUMBER: 09566824 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31st December 2024

for

AirHop Bristol Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Income Statement

8

Other Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

DIRECTORS:

P I Haagaas

T I McClure

D E Melhus

AirHop Holdings Limited

REGISTERED OFFICE:

5 Patchway Trading Estate

Britannia Road

Patchway

Bristol

BS34 5TA

REGISTERED NUMBER:

09566824 (England and Wales)

SENIOR STATUTORY AUDITOR:

Matthew Dobbins FCA

AUDITORS:

Dunkley's

Statutory Auditor

Chartered Accountants

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

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

REVIEW OF BUSINESS

Airhop Bristol Limited operates in the leisure and entertainment sector, specialising in indoor trampoline parks. The Company is a key revenue source for the Activeon group in the UK and provides support functions to all UK entities in the group. The directors continue to review opportunities and are confident about the financial position of the company going into 2025.

PRINCIPAL RISKS AND UNCERTAINTIES

The greatest risks are posed by a tightening reinsurance market, rising costs and the general macroeconomic climates.

Given the good claims history of the company and the emergence of a new industry Mutual scheme (offering an alternative to conventional insurance), the company is in a strong position to continue to secure insurance at competitive rates.

Rising costs are being met with selective re-tendering and supplier switches where appropriate. In addition, the management team reviews pricing every 6 months to ensure product pricing reflects any cost inflation that the business is experiencing.

The relative low purchase costs for activities in the parks, and the social prioritisation of children's welfare, are expected to provide resilience to any downturn in macroeconomic performance.

KEY PERFORMANCE INDICATORS

During the year ended 31 December 2024, Airhop Bristol Limited generated revenue of £5,291,255 (2023: £5,699,446). Despite the reduction in turnover, the company maintained a strong gross profit margin of 76.9% (2023: 76.1%), reflecting effective cost management and operational efficiency. The directors consider gross margin to be a key performance indicator in assessing the financial health and sustainability of the business.

ON BEHALF OF THE BOARD:

T I McClure - Director

30th September 2025

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

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.

P I Haagaas

T I McClure

D E Melhus

AirHop Holdings Limited

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;

-	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, Dunkley's, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

T I McClure - Director

30th September 2025

Opinion

We have audited the financial statements of AirHop Bristol Limited (the 'company') for the year ended 31st December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, 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 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.

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance including the design of the company's remuneration policies, bonus levels and performance targets;

- any matters we identified, having obtained and reviewed the company's documentation of their policies and procedures relating to:

o identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

o detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

o the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

- the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the areas of management override of controls, and revenue recognition.

We also obtained an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements.

Audit response to risks identified

Our procedures to respond to risks identified included the following:

- enquiring of management, concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

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.

Matthew Dobbins FCA (Senior Statutory Auditor)

for and on behalf of Dunkley's

Statutory Auditor

Chartered Accountants

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

30th September 2025

TURNOVER

3

5,291,255

5,699,446

Cost of sales

(1,221,607

)

(1,363,600

)

GROSS PROFIT

4,069,648

4,335,846

Administrative expenses

(3,893,033

)

(4,669,785

)

OPERATING PROFIT/(LOSS)

5

176,615

(333,939

)

Interest receivable and similar income

30

-

PROFIT/(LOSS) BEFORE TAXATION

176,645

(333,939

)

Tax on profit/(loss)

6

(42,283

)

(144,648

)

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

134,362

(478,587

)

PROFIT/(LOSS) FOR THE YEAR

134,362

(478,587

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

134,362

(478,587

)

FIXED ASSETS

Intangible assets

8

3,900

5,706

Tangible assets

9

1,071,211

1,192,302

1,075,111

1,198,008

CURRENT ASSETS

Stocks

10

204,162

210,388

Debtors

11

9,131,440

5,466,307

Cash at bank and in hand

230,565

214,112

9,566,167

5,890,807

CREDITORS

Amounts falling due within one year

12

8,340,780

4,902,662

NET CURRENT ASSETS

1,225,387

988,145

TOTAL ASSETS LESS CURRENT LIABILITIES

2,300,498

2,186,153

PROVISIONS FOR LIABILITIES

14

168,580

188,597

NET ASSETS

2,131,918

1,997,556

CAPITAL AND RESERVES

Called up share capital

15

1

1

Retained earnings

16

2,131,917

1,997,555

SHAREHOLDERS' FUNDS

2,131,918

1,997,556

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

T I McClure - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st January 2023

1

2,776,142

2,776,143

Changes in equity

Dividends

-

(300,000

)

(300,000

)

Total comprehensive income

-

(478,587

)

(478,587

)

Balance at 31st December 2023

1

1,997,555

1,997,556

Changes in equity

Total comprehensive income

-

134,362

134,362

Balance at 31st December 2024

1

2,131,917

2,131,918

Cash flows from operating activities

Cash generated from operations

1

221,389

(214,906

)

Tax paid

-

(182,017

)

Net cash from operating activities

221,389

(396,923

)

Cash flows from investing activities

Purchase of intangible fixed assets

-

(5,565

)

Purchase of tangible fixed assets

(226,140

)

(220,252

)

Sale of tangible fixed assets

21,174

2,492

Interest received

30

-

Net cash from investing activities

(204,936

)

(223,325

)

Cash flows from financing activities

-

325,357

Equity dividends paid

-

(300,000

)

Net cash from financing activities

-

25,357

Increase/(decrease) in cash and cash equivalents

16,453

(594,891

)

Cash and cash equivalents at beginning of year

2

214,112

809,003

Cash and cash equivalents at end of year

2

230,565

214,112

1.	RECONCILIATION OF PROFIT/(LOSS) BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.12.24

31.12.23

£

£

Profit/(loss) before taxation

176,645

(333,939

)

Depreciation charges

331,247

300,227

(Profit)/loss on disposal of fixed assets

(3,384

)

1,602

Finance income

(30

)

-

504,478

(32,110

)

Decrease/(increase) in stocks

6,226

(58,960

)

Increase in trade and other debtors

(251,496

)

(264,328

)

(Decrease)/increase in trade and other creditors

(37,819

)

140,492

Cash generated from operations

221,389

(214,906

)

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:

Year ended 31st December 2024

31/12/24

1/1/24

£

£

Cash and cash equivalents

230,565

214,112

Year ended 31st December 2023

31/12/23

1/1/23

£

£

Cash and cash equivalents

214,112

809,003

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/1/24

Cash flow

At 31/12/24

£

£

£

Net cash

Cash at bank and in hand

214,112

16,453

230,565

214,112

16,453

230,565

Total

214,112

16,453

230,565

1.	STATUTORY INFORMATION

AirHop Bristol 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

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.

Preparation of consolidated financial statements

The financial statements contain information about AirHop Bristol Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Activeon AS, Vollsveien 2a, 1366 Lysaker, Norway.

Critical accounting 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 for assets and liabilities within the statement of financial position and the amounts reported for Turnover and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The following Judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

(i) Useful economic lives of tangible fixed assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilization and the physical condition of the assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sale of goods

Revenue arises from the sale of merchandise. Revenue is recognised when the customer accepts delivery of the goods.

Rendering of services

The services provided generally take place on a single day, or over-night.

Revenue is recognised on customer arrival and is measured at the fair value of the consideration received.

Revenue for advance bookings is deferred and recognised on customer arrival or in the case of cancelled

bookings on the date of cancellation.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Leasehold improvements

-

Straight line over the life of the lease

Plant and machinery

-

20% on cost

Tangible fixed assets are initially recognised at the combined cost of the asset, plus installation and delivery.

These assets are recognised on the date that the goods are delivered, and installed where the purchase includes this service.

Stocks

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

Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss.

Reversals of impairment losses are also recognised in profit or loss.

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 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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Basic financial instruments

The company has elected to apply the provisions of Section 11 Basic Financial Instruments to all of its financial instruments.

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.

Basic financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

3.

TURNOVER

The turnover and profit (2023 - loss) before taxation are attributable to the one principal activity of the company.

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

31.12.24

31.12.23

£

£

The rendering of services

4,317,509

4,682,795

The sale of goods

973,746

1,016,651

5,291,255

5,699,446

4.	EMPLOYEES AND DIRECTORS

31.12.24

31.12.23

£

£

Wages and salaries

2,112,781

1,760,160

Social security costs

131,913

98,277

Other pension costs

45,943

35,340

2,290,637

1,893,777

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

31.12.24

31.12.23

Management and administration

43

38

Operations

160

156

203

194

31.12.24

31.12.23

£

£

Directors' remuneration

108,667

108,000

Directors' pension contributions to money purchase schemes

5,475

4,800

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

-

1

5.	OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging/(crediting):

31.12.24

31.12.23

£

£

Other operating leases

10,068

-

Depreciation - owned assets

334,857

296,955

(Profit)/loss on disposal of fixed assets

(3,384

)

1,602

Patents and licences amortisation

1,806

3,274

Auditors' remuneration

80,035

50,525

Auditors' remuneration for non audit work

12,066

12,450

Foreign exchange differences

10,851

85,616

6.

TAXATION

Analysis of the tax charge

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

31.12.24

31.12.23

£

£

Current tax:

UK corporation tax

62,301

-

Deferred tax

(20,018

)

144,648

Tax on profit/(loss)

42,283

144,648

UK corporation tax has been charged at 25% (2023 - 25%).

7.

DIVIDENDS

31.12.24

31.12.23

£

£

Interim

-

300,000

8.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1st January 2024

and 31st December 2024

18,764

AMORTISATION

At 1st January 2024

13,058

Amortisation for year

1,806

At 31st December 2024

14,864

NET BOOK VALUE

At 31st December 2024

3,900

At 31st December 2023

5,706

9.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

improvements

machinery

Totals

£

£

£

COST

At 1st January 2024

1,649,178

1,665,790

3,314,968

Additions

4,934

221,206

226,140

Disposals

-

(17,790

)

(17,790

)

At 31st December 2024

1,654,112

1,869,206

3,523,318

DEPRECIATION

At 1st January 2024

1,020,404

1,102,262

2,122,666

Charge for year

158,658

176,199

334,857

Eliminated on disposal

-

(5,416

)

(5,416

)

At 31st December 2024

1,179,062

1,273,045

2,452,107

NET BOOK VALUE

At 31st December 2024

475,050

596,161

1,071,211

At 31st December 2023

628,774

563,528

1,192,302

10.

STOCKS

31.12.24

31.12.23

£

£

Stocks

204,162

210,388