REGISTERED NUMBER: 12216833 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

CHARLES TRENT PROPERTY LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

13

DIRECTORS:

M J Trent

J Trent

N Trent

SECRETARY:

M J Trent

REGISTERED OFFICE:

Trent House

8 Georges Avenue

Parkstone

Poole

Dorset

BH12 4ND

REGISTERED NUMBER:

12216833 (England and Wales)

AUDITORS:

Cook & Partners Limited

Statutory Auditor

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

The directors present their strategic report for the year ended 31st January 2025.

REVIEW OF BUSINESS

Charles Trent Property Limited is a standalone property investment company. During the year, the fair value of the property portfolio increased from £14.8 million to £25.0 million, reflecting both market movements and the revaluation of certain assets at fair value when designated as Investment properties after a group restructuring. The portfolio remains fully let under long-term lease arrangements, except for one property which has expired but is let on a short-term agreement. This property forms part of a planned development, for which planning permission for a Lidl food store has now been granted.

The directors consider company performance for the year to be satisfactory in light of current market conditions.

PRINCIPAL RISKS AND UNCERTAINTIES

The company monitors a range of risks, including interest rate, liquidity risk, impairment risk, tenant risk, and changes to planning policy. The company continues to monitor commercial property valuations and tenant demand as part of its risk management processes.

Interest rate risk

The risk of interest rates increasing could result in loss of rental income and increased bank loan repayments. Currently all rental income is received up to date. Charles Trent Limited is responsible for a large portion of rental income therefore the directors do not deem this risk to be material. While interest rates had been a material concern, recent market trends indicate a peak and expected decline, reducing this as a key risk.

Liquidity risk

The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable cash flow needs and to invest cash assets safely and profitably.

Impairment risk

The company uses the cost model for valuing property, plant and equipment, therefore a price drop in the property market could create a impairment risk on the valuation of assets. In the year one property was independently revalued at substantially higher than the carrying value therefore the directors do not deem this risk to be material.

FUTURE DEVELOPMENTS

Property remains a key strategic asset class for the wider group. The company will continue to evaluate opportunities to acquire, dispose of, or redevelop properties to enhance the long-term value of the portfolio.

ON BEHALF OF THE BOARD:

M J Trent - Director

30th July 2025

The directors present their report with the financial statements of the company for the year ended 31st January 2025.

DIVIDENDS

No dividends will be distributed for the year ended 31st January 2025.

DIRECTORS

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

M J Trent

J Trent

N Trent

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, Cook & Partners Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M J Trent - Director

30th July 2025

Opinion

We have audited the financial statements of Charles Trent Property Limited (the 'company') for the year ended 31st January 2025 which comprise the Statement of 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 January 2025 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:

Explanation as to what extent the audit was considered capable of detecting irregularities, including Fraud.

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:

Auditors approach to assessing the risks of material misstatement due to irregularities, including fraud.

Our approach was as follows:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity. The following laws and regulations are considered to be significant to the entity:

Financial reporting Standard 102

Companies Act 2006

UK General Data Protection Regulation

We assessed the risks of material misstatement in respect of fraud as follows:

>Discussed the risk of material misstatement due to irregularities, including fraud with management at the planning stage to confirm that risks had been adequately identified and that the controls in place are sufficient for the size and nature of the business to reduce those risks to an acceptably low level.

>Undertook an initial analytical review of the financial statements to identify any potentially unusual or unexpected relationships or high risk audit areas.

>Completed a risk assessment checklist to aid in the identification of Risks for a company of this size and nature.

>We considered the risk of fraud through management override of controls, a common risk in a company of this size and nature, in response; we incorporated testing of manual journal entries into our audit approach and undertook a purely substantive approach to the audit with no reliance placed on controls.

>Accounting policies were reviewed at the planning stage to identify any subjective measurements or complex transactions where management would have the potential to show bias.

>Ensured all in the audit team are aware of the risks identified and particular areas that were susceptible to misstatement and during the audit planning meeting.

>Throughout the audit additional substantive testing was undertaken in areas where there was perceived to be a medium or high risk of misstatement.

>Audit testing was undertaken in a manner that was unpredictable in nature, selection and timing when compared to previous years work.

>The engagement Partners final review of the audit file and financial statements included a detailed review of all areas of medium or high risk identified at the planning stage of the audit.

Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above:

>Financial reporting Standard 102, Companies Act 2006 and UK General Data Protection Regulation. The audit team all have a good understanding of the requirements under these laws and regulations common to most trading businesses and were alert throughout the audit to any potential instances of non-compliance.

>Further, at both the planning and completion stage of the audit enquiries where made of management any known instances of fraud or non-compliance with laws and regulations

These representations were corroborated where possible through the review of board minutes. No contradictory evidence was noted.

We consider that the work detailed above has ensured that the likelihood of detection of irregularities including fraud is considered to be high both at management level and during our audit approach. It is however worth noting that there is an inherent difficulty in detecting irregularities and there is no guarantee that all irregularities have been identified.

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.

Jeff Oliver (Senior Statutory Auditor)

for and on behalf of Cook & Partners Limited

Statutory Auditor

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

30th July 2025

TURNOVER

-

-

Administrative expenses

899,838

631,612

(899,838

)

(631,612

)

Other operating income

1,886,775

1,581,863

OPERATING PROFIT

4

986,937

950,251

Interest receivable and similar income

10,522

-

997,459

950,251

Gain/loss on revaluation of investment property

10,442,018

(113,599

)

11,439,477

836,652

Interest payable and similar expenses

5

506,414

792,211

PROFIT BEFORE TAXATION

10,933,063

44,441

Tax on profit

6

2,422,711

(34,397

)

PROFIT FOR THE FINANCIAL YEAR

8,510,352

78,838

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

8,510,352

78,838

FIXED ASSETS

Tangible assets

7

-

14,221,531

Investment property

8

25,229,755

2,443,350

25,229,755

16,664,881

CURRENT ASSETS

Debtors

9

2,623,660

71,328

Cash at bank

8,694

43,496

2,632,354

114,824

CREDITORS

Amounts falling due within one year

10

8,070,197

7,202,994

NET CURRENT LIABILITIES

(5,437,843

)

(7,088,170

)

TOTAL ASSETS LESS CURRENT LIABILITIES

19,791,912

9,576,711

CREDITORS

Amounts falling due after more than one year

11

(6,835,384

)

(7,574,554

)

PROVISIONS FOR LIABILITIES

14

(2,685,196

)

(241,177

)

NET ASSETS

10,271,332

1,760,980

CAPITAL AND RESERVES

Called up share capital

15

1

1

Retained earnings

16

10,271,331

1,760,979

SHAREHOLDERS' FUNDS

10,271,332

1,760,980

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

M J Trent - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st February 2023

1

1,682,141

1,682,142

Changes in equity

Total comprehensive income

-

78,838

78,838

Balance at 31st January 2024

1

1,760,979

1,760,980

Changes in equity

Total comprehensive income

-

8,510,352

8,510,352

Balance at 31st January 2025

1

10,271,331

10,271,332

Cash flows from operating activities

Cash generated from operations

1

312,915

1,366,165

Interest paid

(521,702

)

(805,581

)

Tax paid

21,307

-

Net cash from operating activities

(187,480

)

560,584

Cash flows from investing activities

Purchase of tangible fixed assets

(54,449

)

(252,424

)

Purchase of investment property

-

(13,599

)

Sale of investment property

1,771,252

603,094

Loans to related parties

(1,817,569

)

-

Interest received

10,522

-

Net cash from investing activities

(90,244

)

337,071

Cash flows from financing activities

New loans in year

800,000

-

Loan repayments in year

(626,713

)

(528,808

)

Intercompany loan movement

69,635

(397,383

)

Net cash from financing activities

242,922

(926,191

)

Decrease in cash and cash equivalents

(34,802

)

(28,536

)

Cash and cash equivalents at beginning of year

2

43,496

72,032

Cash and cash equivalents at end of year

2

8,694

43,496

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

2025

2024

£

£

Profit before taxation

10,933,063

44,441

Depreciation charges

219,132

462,622

Profit on disposal of fixed assets

(71,252

)

(125,391

)

(Gain)/loss on revaluation of fixed assets

(10,442,018

)

113,599

Finance costs

506,414

792,211

Finance income

(10,522

)

-

1,134,817

1,287,482

(Increase)/decrease in trade and other debtors

(804,397

)

620

(Decrease)/increase in trade and other creditors

(17,505

)

78,063

Cash generated from operations

312,915

1,366,165

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 January 2025

31.1.25

1.2.24

£

£

Cash and cash equivalents

8,694

43,496

Year ended 31st January 2024

31.1.24

1.2.23

£

£

Cash and cash equivalents

43,496

72,032

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.2.24

Cash flow

At 31.1.25

£

£

£

Net cash

Cash at bank

43,496

(34,802

)

8,694

43,496

(34,802

)

8,694

Debt

Debts falling due within 1 year

(637,658

)

(912,457

)

(1,550,115

)

Debts falling due after 1 year

(7,574,554

)

739,170

(6,835,384

)

(8,212,212

)

(173,287

)

(8,385,499

)

Total

(8,168,716

)

(208,089

)

(8,376,805

)

1.	STATUTORY INFORMATION

Charles Trent Property 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 as modified by the revaluation of certain assets.

Going Concern assumption

All properties are let on long term leases with one exception. Rents are charged in advance and there have been no issues with non payment of rents. Revenue is therefore expected to remain consistent.

Loans made to related parties have been reviewed by the directors and are considered to be recoverable based on a robust going concern review of the companies involved.

The parent of the group Charles Trent Holdings Limited has confirmed that there is no intention to recall the £6.35m loan balance, included within creditors, within 12 months of the date of signing this report or indeed for the foreseeable future.

The directors review budgets, cash flow forecasts, and management accounts on a regular basis and act on the results accordingly to ensure that the company can continue to trade and meet its liabilities as they fall due.

Given the above factors the accounts have been prepared on a going concern basis.

Critical accounting judgements and key sources of estimation uncertainty

Fair value of Investment Property

The directors determine the fair value of investment properties by review of historic valuations, rental yields, expected price per sq ft and current market conditions.

There has been no valuation by an independent valuer who holds a recognised and relevant professional qualification during the year and this is therefore a source of estimation uncertainty.

Tangible fixed assets

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

Freehold property

-

land is not depreciated and buildings are depreciated over 50 years

In accordance with FRS 102 Section 16 paragraph 4A an exemption has been applied allowing properties rented to trading group members to be treated as plant, property and equipment and the amortised cost model has been applied to their valuation in the financial statements.

On the 30th January 2025 Charles Trent Limited, previously a fellow trading subsidiary of the company, was transferred to Charles Trent Holdco 2 Limited as part of a group restructure. Therefore, at 30th January 2025 all property previously rented to Charles Trent Limited has be re-classified as Investment Property and a fair value adjustment made through the profit and loss account as the exemption in FRS 102 Section 16 paragraph 4A is no longer applicable.

Investment property

In accordance with FRS 102 Section 16 Investment Property, Investment Properties are not subject to periodic depreciation charges and are included in the balance sheet at fair value.

The directors determine fair value by review of rental yields and current market conditions.

There has been no valuation by an independent valuer who holds a recognised and relevant professional qualification during the year.

Rents receivable from investment properties are credited to the profit and loss account on a straight line basis over the lease term.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

A capital allowances review was performed by an independent specialist.

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.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

48,039

16,327

Social security costs

940

-

48,979

16,327

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

2025

2024

Management

5

5

2025

2024

£

£

Directors' remuneration

23,040

7,680

4.	OPERATING PROFIT

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

2025

2024

£

£

Depreciation - owned assets

219,132

462,622

Profit on disposal of fixed assets

(71,252

)

(125,391

)

Auditors remuneration

10,000

7,200

Auditors remuneration for non audit services

5,000

4,800

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank loan interest

444,814

465,676

Interest payable

61,600

326,535

506,414

792,211

6.

TAXATION

Analysis of the tax charge/(credit)

The tax charge/(credit) on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

(21,307

)

-

Deferred tax

2,444,018

(34,397

)

Tax on profit

2,422,711

(34,397

)

Reconciliation of total tax charge/(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:

2025

2024

£

£

Profit before tax

10,933,063

44,441

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

2,733,266

11,110

Effects of:

Adjustments to tax charge in respect of previous periods

(21,307

)

-

Group relief

(185,117

)

(105,929

)

Depreciation of land and buildings

45,333

91,770

Increase in tax rate adjustment

-

(454

)

B/Fwd Capital gains losses utilised

-

(25,320

)

Group relief of capital gains

(149,464

)

(5,574

)

Total tax charge/(credit)

2,422,711

(34,397

)

7.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1st February 2024

15,118,065

Additions

41,988

Reclassification/transfer

(15,160,053

)

At 31st January 2025

-

DEPRECIATION

At 1st February 2024

896,534

Charge for year

219,132

Reclassification/transfer

(1,115,666

)

At 31st January 2025

-

NET BOOK VALUE

At 31st January 2025

-

At 31st January 2024

14,221,531

8.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st February 2024

2,443,350

Disposals

(1,700,000

)

Revaluations

10,442,018

Reclassification/transfer

14,044,387

At 31st January 2025

25,229,755

NET BOOK VALUE

At 31st January 2025

25,229,755

At 31st January 2024

2,443,350

Fair value at 31st January 2025 is represented by:

£

Valuation in 2025

10,442,018

Cost

14,787,737

25,229,755

On the 30th January 2025 Charles Trent Limited, previously a fellow trading subsidiary of the company, was transferred to Charles Trent Holdco 2 Limited as part of a group restructure. Therefore, at 30th January 2025 all property previously rented to Charles Trent Limited has be re-classified as Investment Property and a fair value adjustment made through the profit and loss account as the exemption in FRS 102 Section 16 paragraph 4A is no longer applicable.

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,090

1,694

Amounts owed by group undertakings

-

69,634

Other debtors

2,617,570

-

2,623,660

71,328

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 12)

1,550,115

637,658

Trade creditors

59,847

26,465

Amounts owed to group undertakings

6,345,364

6,345,364

Social security and other taxes

462

1,025

Accrued expenses

114,409

192,482

8,070,197

7,202,994

11.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 12)

6,835,384

7,574,554

12.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

1,550,115

637,658

Amounts falling due between one and two years:

Bank loans - 1-2 years

747,044

787,692

Amounts falling due between two and five years:

Bank loans - 2-5 years

2,379,152

2,478,685

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,709,188

4,308,177