REGISTERED NUMBER: 00683982 (England and Wales)

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

HEIGHTS OF ABRAHAM (MATLOCK BATH)

LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

13

Cash Flow Statement

14

Notes to the Cash Flow Statement

15

Notes to the Financial Statements

17

DIRECTORS:

A J Pugh MBE, DL

Mrs V M Pugh

R J Pugh

Ms V L Rainsford FCA

SECRETARY:

Ms V L Rainsford FCA

REGISTERED OFFICE:

Heights Of Abraham

Matlock Bath

Derbyshire

DE4 3PD

REGISTERED NUMBER:

00683982 (England and Wales)

AUDITORS:

Mabe Allen LLP

Chartered Accountants

Statutory Auditors

50 Osmaston Road

Derby

DE1 2HU

BANKERS:

NatWest

Bristol City Office

PO Box 238

32 Corn Street

Bristol

BS99 7UG

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

The company's principal activities are the operation of Derbyshire's oldest tourist attraction, Heights of Abraham's cable cars, caverns and hilltop park.

REVIEW OF BUSINESS

The cable car transports visitors on a spectacular journey high above the Derwent River to the 60 acres of landscaped grounds at the summit. There the company operates two famous show caverns, exhibitions, two children's playgrounds, two retail outlets, and café and restaurant dining facilities. Visitors also enjoy exploring the woodland walks and the stunning views of beautiful Derbyshire countryside.

PRINCIPAL RISKS AND UNCERTAINTIES

The company operates in the leisure market with turnover and profitability at risk of declining through the amount of disposable income available to customers and their willingness to spend it with the company in what is a competitive market both locally, nationwide and internationally.

People are concerned about the rising cost of living and their financial stability and are therefore less willing to spend their disposable income on days out such as visiting paid-for tourist attractions. Nevertheless the company is well-placed within the market due to its unique product offering. The variety of historic, scenic, educational, physical, retail and dining opportunities means that the company is not dependant on one age group or demographic/social group.

PERFORMANCE

Despite the national and international economic pressures impacting the tourism and hospitality industry, the Company has continued the substantial investment in improvements to the fabric of the estate and new experiences for the visitor, and was again awarded the VisitEngland Gold Accolade for outstanding visitor experience and quality. It also introduced a new initiative in winter 2024 which increased the trading season by over 30 days.

In the year overall visitor numbers were up, with turnover increasing 12% to £4.6m (2024: £4.1m) and a similar percentage increase in gross profit. This was partly offset by the higher administrative expenses arising from the inevitable increases in minimum wage, insurance and energy costs and the additional operating costs as a result of the increased trading period.

Overall reported net profit before tax increased by 59% to £342k (2024: £215k).

POST YEAR END

As with many companies in the hospitality and tourism sector, the Company will incur significant cost increases from 2025 onwards due to the impact of the increased Employers National Insurance contributions effective from April 2025. Nevertheless the Directors' objective continues to be the management of the business efficiently and flexibly to secure the long-term value of the business, protect its unique heritage and ensure that the company is well positioned for long-term growth.

In July 2025 the business was shut for 7 days due to an engineering breakdown on the cable car. The claims for repair costs and lost revenue are currently being assessed by insurers. The Directors expect to recover the costs and the majority of the lost revenue.

ON BEHALF OF THE BOARD:

Ms V L Rainsford FCA - Secretary

15 October 2025

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

PRINCIPAL ACTIVITIES

The principal activities of the company in the year under review were those of the operation of a cable car and pleasure grounds.

DIVIDENDS

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

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

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

A J Pugh MBE, DL

Mrs V M Pugh

R J Pugh

Ms V L Rainsford FCA

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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Mabe Allen LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Ms V L Rainsford FCA - Secretary

15 October 2025

Opinion

We have audited the financial statements of Heights of Abraham (Matlock Bath) Limited (the 'company') for the year ended 31 January 2025 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 31 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:

Extent to which the audit was considered capable of detecting fraud

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 targets for income and net profit;

- Results of our enquiries of management and the directors about their own identification and assessment of the risks of irregularities;

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

- Identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance, including any related to the General Data Protection Regulations or Bribery Act 2010.

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

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

- The matters discussed among the audit engagement team and including relevant internal tax specialists 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 company for fraud and identified the greatest potential for fraud in the ability of management to manipulate revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks 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. The key laws and regulations we considered in this context included the Companies Act 2006 and the Financial Reporting Standard 102.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty. These include The General Data Protection Regulations, the Bribery Act 2010, the Lifting Operations and Lifting Equipment Regulations 1998, the Amusement Device Inspection Procedures Scheme and Health and Safety policies.

Audit Response to Risks Identified

Our procedures to respond to risks identified above include the following:

- Reviewing the financial statements disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements:

- Enquiring of management and directors 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 fraud risk in revenue recognition at an analytical review level, we developed an expectation of the revenue with reference to our experience of the client and discussions on the recognition and volatility of revenue in the year ; and

- 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 rational 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 remain alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

Kevin Slack FCA (Senior Statutory Auditor)

for and on behalf of Mabe Allen LLP

Chartered Accountants

Statutory Auditors

50 Osmaston Road

Derby

DE1 2HU

15 October 2025

TURNOVER

4,568,996

4,093,213

Cost of sales

570,838

504,523

GROSS PROFIT

3,998,158

3,588,690

Administrative expenses

3,634,298

3,359,431

363,860

229,259

Other operating income

3

18,956

12,307

OPERATING PROFIT

6

382,816

241,566

Interest receivable and similar income

64,927

79,970

447,743

321,536

Interest payable and similar expenses

8

106,136

106,578

PROFIT BEFORE TAXATION

341,607

214,958

Tax on profit

9

88,934

67,014

PROFIT FOR THE FINANCIAL YEAR

252,673

147,944

PROFIT FOR THE YEAR

252,673

147,944

OTHER COMPREHENSIVE INCOME

Deferred tax movement on revalued assets

2,495

2,530

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

2,495

2,530

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

255,168

150,474

FIXED ASSETS

Tangible assets

11

5,234,912

4,930,630

CURRENT ASSETS

Stocks

12

56,982

37,142

Debtors

13

169,738

269,578

Investments

14

-

1,200,000

Cash at bank and in hand

2,112,502

957,903

2,339,222

2,464,623

CREDITORS

Amounts falling due within one year

15

713,229

771,634

NET CURRENT ASSETS

1,625,993

1,692,989

TOTAL ASSETS LESS CURRENT LIABILITIES

6,860,905

6,623,619

CREDITORS

Amounts falling due after more than one year

16

(1,352,721

)

(1,401,116

)

PROVISIONS FOR LIABILITIES

20

(457,767

)

(427,254

)

NET ASSETS

5,050,417

4,795,249

CAPITAL AND RESERVES

Called up share capital

21

173,000

173,000

Revaluation reserve

22

1,910,084

1,926,493

Capital redemption reserve

22

127,000

127,000

Retained earnings

22

2,840,333

2,568,756

SHAREHOLDERS' FUNDS

5,050,417

4,795,249

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2025 and were signed on its behalf by:

A J Pugh MBE, DL - Director

Called up

Capital

share

Retained

Revaluation

redemption

Total

capital

earnings

reserve

reserve

equity

£

£

£

£

£

Balance at 1 February 2023

173,000

2,581,018

1,941,757

127,000

4,822,775

Changes in equity

Total comprehensive income

-

147,944

2,530

-

150,474

Dividends

-

(178,000

)

-

-

(178,000

)

Depreciation transfer

-

17,794

(17,794

)

-

-

Balance at 31 January 2024

173,000

2,568,756

1,926,493

127,000

4,795,249

Changes in equity

Total comprehensive income

-

252,673

2,495

-

255,168

Depreciation transfer

-

18,904

(18,904

)

-

-

Balance at 31 January 2025

173,000

2,840,333

1,910,084

127,000

5,050,417

Cash flows from operating activities

Cash generated from operations

1

797,890

569,200

Interest paid

(106,136

)

(106,578

)

Tax paid

(13,122

)

(83,566

)

Net cash from operating activities

678,632

379,056

Cash flows from investing activities

Purchase of tangible fixed assets

(562,274

)

(396,600

)

Interest received

64,927

79,970

Net cash from investing activities

(497,347

)

(316,630

)

Cash flows from financing activities

Loans drawn down

107,533

104,102

Loan repayments in year

(150,000

)

(300,000

)

Short term deposits

1,200,000

(200,000

)

Movement in director's loans

-

178,000

Amount withdrawn by directors

(184,219

)

(174,211

)

Equity dividends paid

-

(178,000

)

Net cash from financing activities

973,314

(570,109

)

Increase/(decrease) in cash and cash equivalents

1,154,599

(507,683

)

Cash and cash equivalents at beginning of year

2

957,903

1,465,586

Cash and cash equivalents at end of year

2

2,112,502

957,903

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

31.1.25

31.1.24

£

£

Profit before taxation

341,607

214,958

Depreciation charges

251,260

191,434

Loss on disposal of fixed assets

6,732

3,731

Finance costs

106,136

106,578

Finance income

(64,927

)

(79,970

)

640,808

436,731

Increase in stocks

(19,840

)

(10,654

)

Decrease/(increase) in trade and other debtors

99,840

(118,577

)

Increase in trade and other creditors

77,082

261,700

Cash generated from operations

797,890

569,200

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 31 January 2025

31.1.25

1.2.24

£

£

Cash and cash equivalents

2,112,502

957,903

Year ended 31 January 2024

31.1.24

1.2.23

£

£

Cash and cash equivalents

957,903

1,465,586

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.2.24

Cash flow

At 31.1.25

£

£

£

Net cash

Cash at bank and in hand

957,903

1,154,599

2,112,502

957,903

1,154,599

2,112,502

Liquid resources

Current asset investments

1,200,000

(1,200,000

)

-

1,200,000

(1,200,000

)

-

Debt

Debts falling due within 1 year

(40,387

)

(5,928

)

(46,315

)

Debts falling due after 1 year

(1,401,116

)

48,395

(1,352,721

)

(1,441,503

)

42,467

(1,399,036

)

Total

716,400

(2,934

)

713,466

1.	STATUTORY INFORMATION

Heights of Abraham (Matlock Bath) 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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgements about carrying values of assets and liabilities that are not readily apparent from other sources. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements have had the most significant effect on amounts recognised in the financial statements:-

Useful economic lives of property, plant and equipment

The annual depreciation charge for property, plant and equipment is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 11 for the carrying amount of the property plant and equipment and the accounting policy note for the useful economic lives for each class of assets.

The initial estimated useful lives of items of property, plant and equipment range between 3 to 50 years. However, the actual useful lives might be shorter or longer depending on technological innovations and other factors.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Development

-

Straight line over 5 years

Plant and machinery

-

at varying rates on cost

Cable car and attractions

-

at varying rates on cost

Motor vehicles

-

25% on reducing balance

Freehold buildings are depreciated over their estimated useful lives of 50 years on a straight line basis. Freehold land is not depreciated.

Leasehold improvements are depreciated over the shorter of the useful life or the remaining term of the lease on a straight line basis.

On transition to FRS 102, the company elected to utilise the exemption provided by paragraph 35.10(d) to use the previously revalued amounts for freehold and long leasehold property as deemed cost. The previous revaluation of freehold land and buildings and leasehold property was carried out on 1 February 2012 by GVA Grimley Limited on an open market value basis.

Government grants

Grants are recognised as income in the period to match them with the corresponding cost.

Stocks

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

Stocks are measured on a first in first out basis.

Financial instruments

Basic financial instruments are measured at amortised cost with the interest expense recognised through profit and loss for the period.

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.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.

Current asset investments

Short term deposits are measured at market value with the interest received recognised through profit and loss for the period.

3.	OTHER OPERATING INCOME

31.1.25

31.1.24

£

£

Sundry receipts

3,956

4,007

Insurance claim

15,000

-

Local government grants

-

8,300

18,956

12,307

4.	EMPLOYEES AND DIRECTORS

31.1.25

31.1.24

£

£

Wages and salaries

1,741,543

1,536,468

Social security costs

160,887

137,994

Other pension costs

68,547

60,391

1,970,977

1,734,853

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

31.1.25

31.1.24

Average number of employees

87

79

The average number of employees is a combination of permanent and seasonal staff.

5.	DIRECTORS' EMOLUMENTS

31.1.25

31.1.24

£

£

Directors' remuneration

284,651

265,828

Directors' pension contributions to money purchase schemes

16,583

16,270

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

Money purchase schemes

2

2

Information regarding the highest paid director is as follows:

31.1.25

31.1.24

£

£

Emoluments etc

128,066

117,178

Pension contributions to money purchase schemes

6,583

6,270

Sums of £nil (2024: £19,000) were paid for director services during the year.