REGISTERED NUMBER: 12620358 (England and Wales)

STRATEGIC REPORT, DIRECTORS' REPORT AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TOCA SOCIAL UK LIMITED

Page

Company Information

1

Strategic Report

2

Directors' Report

3

Independent Auditors' Report

5

Statement of Income and Retained Earnings

7

Balance Sheet

8

Notes to the Financial Statements

9

DIRECTORS:

Mr A D Harman

Mr Y Maruyama

Mr M J Brent

REGISTERED OFFICE:

240 High Holborn

3rd Floor

London

WC1V 7DN

REGISTERED NUMBER:

12620358 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr Graham David Lyon FCCA

AUDITORS:

CG LEE Limited

Chartered Certified Accountants

Statutory Auditors

Ingram House

Meridian Way

Norwich

Norfolk

NR7 0TA

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

REVIEW OF BUSINESS

The company offers the world's first interactive football and dining experience, combining immersive gaming and world-class food and drink.

The business is supported by TOCA Football UK Limited in the UK and the ultimate parent company in the USA, TOCA Football, Inc.

UK inflation has driven cost and pricing decisions to be made during the year to safeguard the company's brand and value appeal. In the UK, inflation has been a significant factor in the cost-of-living scenario the country is currently experiencing. TOCA Social UK business is holding resolute with these cost-of-living impacts and their direct impacts on the hospitality market.

The financial key performance indicators of the company, at their present growth phase, have been identified and analysed as Revenue and Operating Profit or Loss. The company's turnover for the year was £5,447,465 (2023 - £5,387,586). 2024 produced a profit for the financial year of £710,746 (2023 - £222,440).

PRINCIPAL RISKS AND UNCERTAINTIES

The company's activities expose it to both internal and external risks. New risk management procedures are developed as the business develops to help identify, measure, and review all perceived risks. These risks are monitored by the directors and the management team.

Competitor risk

The market within which the company operates is highly competitive and subject to pricing pressures and consumer trends.

The company manages competitive trading risk by focusing on the provision of the best customer experience. This is achieved by maintaining the O2 venue as an appealing environment, continually refreshing the food and beverage menus, and continuing the development of new and innovative football games. Guest experience is utmost and TOCA Social UK operates a guest feedback facility that is continually monitored and managed by operational management.

Liquidity risk

To maintain liquidity and ensure that sufficient funds are available for ongoing operations and future developments, the company has access to additional capital via TOCA Football UK Limited. Funding is ultimately provided by its ultimate parent company TOCA Football, Inc.

Outlook and future developments

The company will focus on growing and enhancing its corporate events offering in 2024.

The continued effects of the rise of inflation will continue to apply pressure on the supply of materials, particularly wage and commodity prices.

The directors of TOCA Social UK now consider the business to be in a robust position and able to deal with any unknown factors that 2025 will present.

ON BEHALF OF THE BOARD:

Mr M J Brent - Director

29 September 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of football themed immersive gaming and food and beverage experience.

DIVIDENDS

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

DIRECTORS

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

Mr A D Harman

Mr Y Maruyama

Mr M J Brent

MATTERS INCLUDED IN THE STRATEGIC REPORT

Details regarding a review of the business, including future developments, and principal risks and uncertainties are provided in the strategic report on page 2.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Directors' Report 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.

GOING CONCERN

As at 31 December 2024, the company had net liabilities of £1,194,876 (2023 - £2,080,417), which includes an amount of £7,196,765 (2023 - £8,695,880) due to the parent company, Toca Football UK Limited.

The ultimate parent company Toca Football, Inc. has confirmed it is willing to provide financial support to the company for at least the following 12 months from the date of signing the financial statements.

The directors believe after reviewing the business activities of the company, together with the factors likely to affect future development, its financial position, its exposure to financial risk, and on the basis of funding available, that the company has sufficient resources to continue in operation for the foreseeable future. Therefore, the directors believe it appropriate to adopt the going concern basis in preparing these financial statements.

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

Having indicated their willingness to continue in office, CG Lee Limited will be deemed reappointed for the next financial year in accordance with section 487 (2) of the Companies Act 2006 unless the company receives notice under Section 488 (1) of the the Act.

ON BEHALF OF THE BOARD:

Mr M J Brent - Director

29 September 2025

Opinion

We have audited the financial statements of Toca Social UK Limited (the 'company') for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and 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 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 Directors' Report, but does not include the financial statements and our Auditors' Report 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Directors' Report 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 Directors' Report.

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 an Auditors' Report 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. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with laws and regulations related to employment laws and tax legislation, and we considered the extent to which non­ compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to revenue and management bias in accounting estimates. Audit procedures performed by the engagement team included:

-

discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation;

-

evaluating management's controls designed to prevent and detect irregularities;

-

identifying and testing of journal entries for appropriateness and evaluating the business rationale of significant transactions outside the normal course of business; and

-

reviewing significant accounting estimates for management bias.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

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 Auditors' Report.

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 an Auditors' Report 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.

Mr Graham David Lyon FCCA (Senior Statutory Auditor)

for and on behalf of CG LEE Limited

Chartered Certified Accountants

Statutory Auditors

Ingram House

Meridian Way

Norwich

Norfolk

NR7 0TA

30 September 2025

TURNOVER

5

5,447,465

5,387,586

Cost of sales

(1,836,648

)

(2,013,932

)

GROSS PROFIT

3,610,817

3,373,654

Administrative expenses

(2,933,404

)

(3,184,547

)

677,413

189,107

Other operating income

33,333

33,333

OPERATING PROFIT and

PROFIT BEFORE TAXATION

710,746

222,440

Tax on profit

8

174,795

-

PROFIT FOR THE FINANCIAL YEAR

885,541

222,440

Retained earnings at beginning of year

(2,080,517

)

(2,302,957

)

RETAINED EARNINGS AT END OF YEAR

(1,194,976

)

(2,080,517

)

FIXED ASSETS

Tangible assets

9

6,199,498

6,964,032

CURRENT ASSETS

Stocks

10

74,594

84,020

Debtors

11

733,537

601,746

Cash at bank

223,071

323,193

1,031,202

1,008,959

CREDITORS

Amounts falling due within one year

12

(898,256

)

(993,639

)

NET CURRENT ASSETS

132,946

15,320

TOTAL ASSETS LESS CURRENT LIABILITIES

6,332,444

6,979,352

CREDITORS

Amounts falling due after more than one year

13

(7,527,320

)

(9,059,769

)

NET LIABILITIES

(1,194,876

)

(2,080,417

)

CAPITAL AND RESERVES

Called up share capital

15

100

100

Retained earnings

16

(1,194,976

)

(2,080,517

)

SHAREHOLDERS' DEFICIT

(1,194,876

)

(2,080,417

)

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr M J Brent - Director

1.	STATUTORY INFORMATION

Toca Social UK 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 trading address is The O2, Peninsula Square, London SE10 0DX.

2.	STATEMENT OF COMPLIANCE

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 of TOCA Social UK Limited have been prepared in compliance with United Kingdom Accounting Standards, including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principal accounting policies of the company applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of accounting

These financial statements are prepared on a going concern basis, under the historical cost convention. The functional and presentation currency of these financial statements is pound sterling.

The preparation of financial statements in conformity with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the 's company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed in note 4.

Going concern

As at 31 December 2024, the company had net liabilities of £1,194,876, which includes an amount of £7,196,765 due to the parent company, Toca Football UK Limited.

The ultimate parent company Toca Football, Inc. has confirmed it is willing to provide financial support to the company for at least the following 12 months from the date of signing the financial statements.

The directors believe after reviewing the business activities of the company, together with the factors likely to affect future development, its financial position, its exposure to financial risk, and on the basis of funding available, that the company has sufficient resources to continue in operation for the foreseeable future. Therefore, the directors believe it appropriate to adopt the going concern basis in preparing these financial statements.

Exemptions for qualifying entities under FRS 102

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102:

(i)

from preparing a statement of cash flows, on the basis that it is a qualifying entity and the consolidated statement of cash flows, included in the ultimate parent company's financial statements, includes the company's cash flows.

(ii)

from disclosing the company key management personnel compensation, as required by FRS 102 paragraph 33.7.

(iii)

from disclosing the related party transactions between the company and its wholly owned subsidiaries within the TOCA Football, Inc group.

Revenue recognition

Revenue arising from the football gaming experience is recognised when the customer actually plays, with deposits paid in advance being held on the balance sheet until that time and then recognised as income.

All turnover arose in the UK.

Tangible assets

Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset plus costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is charged from the time when tangible assets are brought into use and is calculated so as to write off the cost of fixed assets over the expected useful economic lives of the assets concerned. The principal annual rates used for this purpose are as follows:

Fixtures and Fittings - 5 years straight line

Computer Equipment - 5 years straight line

Short Leasehold - Straight line over life of lease

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost is calculated on a weighted average basis, with net realisable value being the estimated selling price, less any costs on disposal. Provision is made for obsolete, slow-moving or damaged inventory, where appropriate. Bar and food stock is recognised as an expense when sold.

Trade and other debtors

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or that constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash in hand and deposits held at call with banks.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans from related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings, 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

Foreign currency transactions are translated into the functional currency using the spot exchange rates ruling at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate ruling at the balance sheet date. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Income and Retained Earnings.

Leases

Rentals paid under operating leases are charged to income on a straight line basis over the period of the lease. Incentives received to enter into an operating lease are credited to income, to reduce the lease expense, on a straight-line basis over the period of the lease.

Employee 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. Amounts not paid at the balance sheet date are included in other creditors.

Short term benefits, including holiday pay and other similar non-monetary benefits are recognised as an expense in the period in which the service is received.

4.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

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.

Critical judgements in applying the company's accounting policies

There are no critical judgements in applying the company's accounting policies.

Key accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

Depreciation of tangible assets

An allowance for depreciation is made against tangible assets and charged to profit or loss over the useful economic lives of the assets. The useful economic life assessment of an asset is based on the time in which benefits of the asset are realised to the company. See note 9 for the net carrying amount of the tangible assets, and note 3 for the useful economic lives for each class of assets.

Impairment of stocks

The company makes an estimate of the recoverable value of stocks. When calculating the stock provision, management considers the nature and condition of the stock as well as applying assumptions around anticipated saleability of goods held for resale. See note 10 for the net carrying amount of stocks and the related movement in impairment provision.

Impairment of debtors

The directors make an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, the directors consider factors including the credit worthiness and financial conditions of customers. See note 11 for the net carrying amount of the debtors and associated impairment provision.

Going concern

The directors make an estimate of the future performance of the company in order to prepare the financial statements under the going concern methodology. When assessing the future performance, the directors considers financial projections which reflect the current and expected market conditions, operational cash flow requirements and financing opportunities. See note 3 for detailed consideration of going concern.

5.

TURNOVER

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

The directors are of the opinion that there is only one category of business and consequently no segmental analysis by activity has been provided.

6.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

1,432,825

1,556,497

Social security costs

95,301

107,924

Other pension costs

35,927

37,635

1,564,053

1,702,056

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

2024

2023

Sales

1

4

Bar and restaurant

70

75

Administration

5

7

76

86

2024

2023

£

£

Directors' remuneration

-

-

7.	OPERATING PROFIT

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

2024

2023

£

£

Other operating leases

325,000

303,333

Depreciation - owned assets

828,019

805,607

Depreciation - assets on hire purchase contracts or finance leases

3,078

3,078

Auditors' remuneration

13,250

13,250

Auditors' remuneration for non audit work

3,750

3,750

Foreign exchange differences

(106

)

18

8.

TAXATION

Analysis of the tax credit

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

2024

2023

£

£

Deferred tax

(174,795

)

-

Tax on profit

(174,795

)

-

UK corporation tax has been charged at 25% .

Reconciliation of total tax credit 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

710,746

222,440

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 23.500%)

177,687

52,273

Effects of:

Utilisation of tax losses

(177,687

)

(52,273

)

future period

Deferred tax on losses carried forward

(174,795

)

-

Total tax credit

(174,795

)

-

At the balance sheet date the company had unrecognised tax losses of £699,181 (2023 - £1,642,915) available for offset against taxable profits in future periods. There are no unused tax credits.

9.	TANGIBLE ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

7,411,260

1,045,582

395,509

8,852,351

Additions

-

16,971

49,592

66,563

At 31 December 2024

7,411,260

1,062,553

445,101

8,918,914

DEPRECIATION

At 1 January 2024

1,286,985

446,544

154,790

1,888,319

Charge for year

532,546

210,650

87,901

831,097

At 31 December 2024

1,819,531

657,194

242,691

2,719,416

NET BOOK VALUE

At 31 December 2024

5,591,729

405,359

202,410

6,199,498

At 31 December 2023

6,124,275

599,038

240,719

6,964,032

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

15,388

DEPRECIATION

At 1 January 2024

7,438

Charge for year

3,078

At 31 December 2024

10,516

NET BOOK VALUE

At 31 December 2024

4,872

At 31 December 2023

7,950

10.

STOCKS

2024

2023

£

£

Stocks

74,594

84,020

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

99,487

107,590

Other debtors

186,650

186,920

Deferred tax asset

174,795

-

Prepayments and accrued income

272,605

307,236

733,537

601,746

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

167,488

184,087

Other taxation and social security

162,914

149,205

Other creditors

65,933

66,927

Accrued expenses and deferred income

501,921

593,420

898,256

993,639

13.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

7,196,765

8,695,880

Other creditors

330,555

363,889

7,527,320

9,059,769

Amounts owed to group undertakings falling due after more than one year are unsecured, interest free and have a minimum repayment notice period of 53 weeks.

14.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

325,000

325,000

Between one and five years

1,300,000

1,300,000

In more than five years

1,900,000

2,225,000

3,525,000

3,850,000

15.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

100

100

100

There is a single class of ordinary shares. There are no restrictions on the distribution of dividends and the repayment of capital.

16.

RESERVES

Retained earnings represents cumulative retained profits and losses.

17.	PARENT AND ULTIMATE CONTROLLING PARTY