List Group PLC - Period Ending 2025-04-30

Registration number: 01243960

List Group PLC

Annual Report and Financial Statements

for the Year Ended 30 April 2025

List Group PLC

Contents

Strategic Report	1 to 2
Directors' Report	3
Statement of Directors' Responsibilities	4
Independent Auditor's Report	5 to 8
Profit and Loss Account	9
Balance Sheet	10
Statement of Changes in Equity	11
Statement of Cash Flows	12
Notes to the Financial Statements	13 to 21

List Group PLC

Strategic Report for the Year Ended 30 April 2025

The directors present their strategic report for the year ended 30 April 2025.

Principal activity

The principal activity of the company is that of a holding company.

Fair review of the business

During the year turnover from management charges and interest has remained consistent, whilst dividends from subsidiaries have decreased this year, due to one subsidiary suffering from turbulent oil market conditions in the UK.

Following actions by the directors, overheads have been reduced in the year, resulting in a substantially improved profit. Moving premises in previous years has enabled the company to reduce some operating inefficiencies.

Group support remains in place from subsidiaries that are profitable across the group. Similarly, the trustees of the pension fund have confirmed ongoing support for the company.

The company's key financial and other performance indicators during the year were as follows:

Financial KPIs	Unit	2025	2024
Turnover	£	116,000	116,000
Dividend income	£	250,000	430,000

Principal risks and uncertainties

The principal risks and uncertainties of the company are linked to the performance of the subsidiary companies.

Market conditions are expected to remain difficult for the subsidiary companies in the foreseeable future, but the directors consider that the group's focus on market leading service provision and continuingexpansion of its customer base will ensure the longer term growth of the business.

In line with many other businesses in the local area, the subsidiaries within the group have a significant amount of work with British Steel and we acknowledge the risks that this represents. One of our subsidiaries has suffered from the downturn in the local oil refining industry both during and after this accounting year. Due to actions taken by the management, the effects have been minimized as much as possible, with resources being re-distributed to other clients where possible. The directors continue to mitigate these risks by seeking out and establishing new customers and new markets.

The group continues to be one of the regional market leaders in engineering design and recruitment consultancy. The directors' long term plan continues to be the expansion of the group and its customer base where possible and to diversify risk and take advantage of economies of scale.

The uncertainty within the economy affects businesses across the country. We will manage this risk by keeping up to date on the latest developments, assessing how changes in regulation will affect the business and putting appropriate plans in place to maximise trade for the entity. Over our history we have maximised growth and profitability in good years and weathered the downturns in bad years. We are confident that with the strong balance sheet and proven management team we will be able to maintain this performance in coming years.

List Group PLC

Strategic Report for the Year Ended 30 April 2025

Approved and authorised by the Board on 30 October 2025 and signed on its behalf by:

Mr C C List
Director

List Group PLC

Directors' Report for the Year Ended 30 April 2025

The directors present their report and the financial statements for the year ended 30 April 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr D T List

Mr C C List

Financial instruments

Objectives and policies

The companies principal financial instruments comprise of bank balances. The main purpose of these instruments is to finance the company's operations. The board of directors monitor financial risks on a daily basis and are quick to respond to any areas of concern.

Price risk, credit risk, liquidity risk and cash flow risk

In respect of bank balances, the company's cash balances are held in such a way that achieves a competitive rate of interest. Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Approved by the Board on 30 October 2025 and signed on its behalf by:

Mr C C List
Director

List Group PLC

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual 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 apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

•	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.

List Group PLC

Independent Auditor's Report to the Members of List Group PLC

Opinion

We have audited the financial statements of List Group PLC (the 'company') for the year ended 30 April 2025, which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, 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 30 April 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 auditor 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 director's 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 original financial statements were 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 included in the annual report, other than the financial statements and our auditor’s 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

List Group PLC

Independent Auditor's Report to the Members of List Group PLC

Opinion on other matter 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

•	the Strategic Report and 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 our 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 and 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 4), 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 is 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.

Auditor 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 auditor’s 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 the audit was considered capable of detecting irregularities, including fraud is detailed below:

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

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:

List Group PLC

Independent Auditor's Report to the Members of List Group PLC

•	the nature of the industry and sector, control environment and business performance including the design of remuneration policies;
•	the nature of the industry and sector, control environment and business performance including the design of remuneration policies;
•	results of our enquiries of management about their own identification and assessment of the risks of irregularities;
•	the key laws and regulations under which the business operates and whether management were aware of any instances of noncompliance;
•	whether the management have knowledge of any actual, suspected or alleged fraud;
•	the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and
•	the matters discussed among the audit engagement team, regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
	As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas:
•	transactions surrounding the processing of payroll; and
•	management override of controls.
	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 framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, Tax legislation, and Regulations established by regulators in the key markets in which the company operates.
	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 included the operating regulations relevant to the company. In addition to the above, our procedures to respond to risks identified included the following:
•	reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described above as having a direct effect on the financial statements;
•	enquiring of management, concerning any actual and potential litigation and claims; 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 rationale of any significant transactions that are unusual or outside the normal course of business.
	We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit

List Group PLC

Independent Auditor's Report to the Members of List Group PLC

Our audit procedures were designed to respond to risks of material misstatement in the financial
statements, recognising that 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 my involve deliberate concealment by,
for example, forgery, misrepresentations or through collusion. There are inherent limitations in the
audit procedures performed and the further removed non-compliance with laws and regulations is
from the events and transactions reflected in the financial statements, the less likely we are to
become aware of it.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s 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 auditor’s 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.

John Heeney BA FCA (Senior Statutory Auditor)
For and on behalf of RNS Chartered Accountants, Statutory Auditor

50-54 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PQ

30 October 2025

List Group PLC

Profit and Loss Account for the Year Ended 30 April 2025

	Note	2025 £	2024 £
Turnover	3	116,000	116,000
Gross profit		116,000	116,000
Administrative expenses		(238,046)	(417,724)
Operating loss	4	(122,046)	(301,724)
Income from shares in group undertakings		250,000	430,000
Other interest receivable and similar income	5	650	1,297
Amounts written off investments		-	(100,000)
Interest payable and similar expenses	6	(23,497)	(24,319)
		227,153	306,978
Profit before tax		105,107	5,254
Tax on profit	10	(414)	(416)
Profit for the financial year		104,693	4,838

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

List Group PLC

(Registration number: 01243960)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	11	4,868	6,072
Investments	12	51,462	51,462
		56,330	57,534
Current assets
Debtors	13	1,663,300	1,304,334
Cash at bank and in hand	14	214,065	164,351
		1,877,365	1,468,685
Creditors: Amounts falling due within one year	15	(916,484)	(613,701)
Net current assets		960,881	854,984
Net assets		1,017,211	912,518
Capital and reserves
Called up share capital	17	50,500	50,500
Retained earnings		966,711	862,018
Shareholders' funds		1,017,211	912,518

Approved and authorised by the Board on 30 October 2025 and signed on its behalf by:

Mr C C List
Director

List Group PLC

Statement of Changes in Equity for the Year Ended 30 April 2025

	Share capital £	Retained earnings £	Total £
At 1 May 2024	50,500	862,018	912,518
Profit for the year	-	104,693	104,693
At 30 April 2025	50,500	966,711	1,017,211

Share capital
£

Retained earnings
£

Total
£

At 1 May 2023

50,500

922,180

972,680

Profit for the year

-

4,838

4,838

Dividends

-

(65,000)

(65,000)

At 30 April 2024

50,500

862,018

912,518

List Group PLC

Statement of Cash Flows for the Year Ended 30 April 2025

	Note	2025 £	2024 £
Cash flows from operating activities
Profit for the year		104,693	4,838
Adjustments to cash flows from non-cash items
Depreciation and amortisation	4	1,204	1,534
Amounts written off investments		-	100,000
Finance income	5	(250,650)	(431,297)
Finance costs	6	23,497	24,319
Income tax expense	10	414	416
		(120,842)	(300,190)
Working capital adjustments
(Increase)/decrease in trade debtors	13	(359,380)	202,137
Decrease in trade creditors	15	(97,217)	(93,351)
Net cash flow from operating activities		(577,439)	(191,404)
Cash flows from investing activities
Interest received	5	650	1,297
Dividend income	5	250,000	430,000
Net cash flows from investing activities		250,650	431,297
Cash flows from financing activities
Interest paid	6	(23,497)	(24,319)
Loans from directors		400,000	-
Dividends paid	18	-	(65,000)
Net cash flows from financing activities		376,503	(89,319)
Net increase in cash and cash equivalents		49,714	150,574
Cash and cash equivalents at 1 May		164,351	13,777
Cash and cash equivalents at 30 April		214,065	164,351

List Group PLC

Notes to the Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a public company limited by share capital, incorporated in England.

The address of its registered office is:
31-33 Midland Road
Scunthorpe
North Lincolnshire
DN16 1DQ

Registration number: 01243960.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies 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.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the
Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company has taken advantage of the exemption in section 399 of the Companies Act 2006 from the requirement to prepare consolidated financial statements on the grounds that it would be subject to the small companies regime but for being a public company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts. The company recognises revenue when: the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

List Group PLC

Notes to the Financial Statements for the Year Ended 30 April 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	over 50 years
Motor vehicles	25% on reducing balance
Furniture, fittings and equipment	10-25% on reducing balance

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

List Group PLC

Notes to the Financial Statements for the Year Ended 30 April 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Turnover

The analysis of the company's Turnover for the year from continuing operations is as follows:

	2025 £	2024 £
Management charges	66,000	66,000
Interest charges	50,000	50,000
	116,000	116,000

The analysis of the company's Turnover for the year by market is as follows:

	2025 £	2024 £
UK	116,000	116,000

4	Operating loss

Arrived at after charging

	2025 £	2024 £
Depreciation expense	1,204	1,534

5	Other interest receivable and similar income

	2025 £	2024 £
Interest income on bank deposits	650	1,297

6	Interest payable and similar expenses

	2025 £	2024 £
Interest expense on other finance liabilities	23,497	24,319

List Group PLC

Notes to the Financial Statements for the Year Ended 30 April 2025

7	Staff costs

The aggregate payroll costs (including directors' remuneration) were as follows:

	2025 £	2024 £
Wages and salaries	164,084	299,674
Social security costs	14,635	35,078
Pension costs, defined contribution scheme	34,047	48,044
	212,766	382,796

The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:

	2025 No.	2024 No.
Administration and support	6	6
	6	6

8	Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	69,999	216,000
Contributions paid to money purchase schemes	34,047	48,044
	104,046	264,044

During the year the number of directors who were receiving benefits and share incentives was as follows:

	2025 No.	2024 No.
Accruing benefits under money purchase pension scheme	2	2

In respect of the highest paid director:

	2025 £	2024 £
Remuneration	45,481	128,477

9	Auditors' remuneration

	2025 £	2024 £
Audit of the financial statements	8,000	7,380

List Group PLC

Notes to the Financial Statements for the Year Ended 30 April 2025

10

Taxation

Tax charged/(credited) in the profit and loss account

	2025 £	2024 £
Deferred taxation
Arising from origination and reversal of timing differences	414	416

The tax on profit before tax for the year is lower than the standard rate of corporation tax in the UK (2024 - lower than the standard rate of corporation tax in the UK) of 25% (2024 - 25%).

The differences are reconciled below:

	2025 £	2024 £
Profit before tax	105,107	5,254
Corporation tax at standard rate	26,277	1,314
Effect of revenues exempt from taxation	(62,500)	(107,500)
Effect of expense not deductible in determining taxable loss	-	2,500
Deferred tax expense from unrecognised temporary difference from a prior period	414	416
Tax decrease from effect of capital allowances and depreciation	(461)	(467)
Tax increase arising from group relief	36,684	104,153
Total tax charge	414	416

Deferred tax

Deferred tax assets and liabilities

2025	Asset £
Excess of taxation allowances over depreciation on fixed assets	7,117
	7,117

2024	Asset £
Excess of taxation allowances over depreciation on fixed assets	7,531
	7,531

There are £206,237 of unused tax losses (2024 - £526,483) for which no deferred tax asset is recognised in the balance sheet.

List Group PLC

Notes to the Financial Statements for the Year Ended 30 April 2025

11	Tangible assets

Furniture, fittings and equipment
£

Motor vehicles
£

Total
£

Cost or valuation

At 1 May 2024

312,435

80,950

393,385

At 30 April 2025

312,435

80,950

393,385

Depreciation

At 1 May 2024

306,363

80,950

387,313

Charge for the year

1,204

-

1,204

At 30 April 2025

307,567

80,950

388,517

Carrying amount

At 30 April 2025

4,868

-

4,868

At 30 April 2024

6,072

-

6,072

12

Investments

2025
£

2024
£

Investments in subsidiaries

51,462

51,462

Subsidiaries

£

Cost or valuation

At 1 May 2024 and 30 April 2025

111,800

Provision

At 1 May 2024 and 30 April 2025

60,338

Carrying amount

At 30 April 2025

51,462

At 30 April 2024

51,462

List Group PLC

Notes to the Financial Statements for the Year Ended 30 April 2025

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2025	2024
Subsidiary undertakings
Apollo Recruitment Limited	**	Ordinary	100%	100%
Apollo Site Services Limited	**	Ordinary	100%	100%
List Design Limited	**	Ordinary	100%	100%
List PEC (UK) Limited	**	Ordinary	100%	100%
List Recruitment Limited	**	Ordinary	100%	100%

** the registered address of all subsidiary companies is 31-33 Midland Road, Scunthorpe, North
Lincolnshire, DN16 1DQ

Subsidiary undertakings

Apollo Recruitment Limited

The principal activity of Apollo Recruitment Limited is recruitment consultants.

Apollo Site Services Limited

The principal activity of Apollo Site Services Limited is provision of safety wear and catering site services.

List Design Limited

The principal activity of List Design Limited is consultant and design engineers.

List PEC (UK) Limited

The principal activity of List PEC (UK) Limited is consultant and design engineers.

List Recruitment Limited

The principal activity of List Recruitment Limited is that of a dormant recruitment company.

List Group PLC

Notes to the Financial Statements for the Year Ended 30 April 2025

13

Debtors

	Note	2025 £	2024 £
Amounts owed by related parties		1,656,184	1,291,484
Other debtors		-	5,320
Deferred tax assets	10	7,116	7,530
Total current trade and other debtors		1,663,300	1,304,334

14	Cash and cash equivalents

	2025 £	2024 £
Cash at bank	203,852	2,789
Short-term deposits	10,213	161,562
	214,065	164,351

15

Creditors

	Note	2025 £	2024 £
Due within one year
Amounts due to related parties	19	616,073	593,886
Social security and other taxes		4,530	13,815
Other payables		290,031	150
Accrued expenses		5,850	5,850
		916,484	613,701

16	Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £34,047 (2024 - £48,044).

List Group PLC

Notes to the Financial Statements for the Year Ended 30 April 2025

17	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	50,000	50,000	50,000	50,000
A shares of £1 each	375	375	375	375
B shares of £1 each	75	75	75	75
C shares of £1 each	25	25	25	25
D shares of £1 each	25	25	25	25
	50,500	50,500	50,500	50,500

18

Dividends

Final dividends paid

	2025 £	2024 £
Final dividend of £0 (2024 - £140) per each B share	-	10,500
Final dividend of £0 (2024 - £1,380) per each C share	-	34,500
Final dividend of £0 (2024 - £800) per each D share	-	20,000
	-	65,000

19	Related party transactions

Summary of transactions with other related parties

List Group Pension Fund At the balance sheet date the amount owed by the company to the List Group Pension Fund was £616,072 (2024 £593,886). Interest of £23,497 (2024 - £24,319) was paid on this balance.

	Furniture, fittings and equipment £	Motor vehicles £	Total £
Cost or valuation
At 1 May 2024	312,435	80,950	393,385
At 30 April 2025	312,435	80,950	393,385
Depreciation
At 1 May 2024	306,363	80,950	387,313
Charge for the year	1,204	-	1,204
At 30 April 2025	307,567	80,950	388,517
Carrying amount
At 30 April 2025	4,868	-	4,868
At 30 April 2024	6,072	-	6,072

Subsidiaries	£
Cost or valuation
At 1 May 2024 and 30 April 2025	111,800
Provision
At 1 May 2024 and 30 April 2025	60,338
Carrying amount
At 30 April 2025	51,462
At 30 April 2024	51,462