REGISTERED NUMBER: 04661895 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

FINEFAIR LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Income Statement

10

Other Comprehensive Income

11

Balance Sheet

12

Statement of Changes in Equity

13

Cash Flow Statement

14

Notes to the Cash Flow Statement

15

Notes to the Financial Statements

17

DIRECTORS:

K Naseem

A Karim

REGISTERED OFFICE:

No 1 The Point

420a Eastern Avenue

Ilford

Essex

IG2 6NQ

REGISTERED NUMBER:

04661895 (England and Wales)

SENIOR STATUTORY AUDITOR:

Anwer Patel BA (Hons) FCA,BFP

AUDITORS:

Prestons

Chartered Accountants

Statutory Auditors

364-368 Cranbrook Road

Gants Hill

Ilford

Essex

IG2 6HY

Introduction

The director presents his strategic report for Finefair Limited for the year ended 28 February 2025.

Review and analysis of the business during the current year

The company continued its principal activities throughout the current year 2025

REVIEW OF BUSINESS

The principal activity of the company in the year under review was that of Management of real estate on a fee or contract basis

Key Financial Performance Indicators

2025

2024

Turnover

£ 49,927,036

£ 73,361,269

Operating Profit

£ 4,301,164

£ 8,075,570

Profit after tax

£ 3,624,050

£ 6,459,757

Shareholders' funds

£ 12,095,930

£ 12,671,880

This has been maintained by effective credit control system monitored by the director and management on ongoing basis.

Financial position at the reporting date

The Balance Sheet shows that the company’s net assets at the year ended as £12.1m (2024: £12.6m) .

Principal risks and uncertainties facing the business

Management continually monitor the key risks facing the company together with assessing the controls used

for managing these risks. The Board of directors formally review and documents the principal risks facing

the business at least annually.

The principal risks and uncertainties facing the company are as follows:

- Economic downturn – May result in less investors being able to raise finance in order to refinance

properties,though this would only be likely to effect small buy to let landlords, though by the same taken

creates opportunities for bigger investors to acquire assets below market value.

- Homelessness Legislation Change - Though very unlikely and coupled with the fact it would take years to

go through parliament this is a very low risk.

- Demand by clients – Though very unlikely as actual figures demonstrate the increase in homelessness year

on year, the demand profile may alter and in the event of an economic downturn the demand for providing

homes and services for the homeless tends to always increase .

- Climate - Again, though very unlikely, severe weather events could pose significant risk to homes.

Future developments

Development of the Investment programme – The ongoing ability to increase the investor base the company

currently works with in order to procure the necessary Property required to fulfil the demand from local

authorities and increase the company portfolio base increasing revenue. In order to achieve this there is a

cost to marketing of the company’s services and bringing new investors on board with both offering free

refurbishments and advance payment terms in order to secure large property’s in return for long term leases

which has a significant impact on cashflow and reserves.

Development of current client base - Continue to develop the client base developing the service offering

across housing and social services increasing the number of departments we currently supply services

to in each authority.

ON BEHALF OF THE BOARD:

J V Gorsia - Director

26 November 2025

Principal risks and uncertainties

Key performance indicators

The well-being of the company’s employees is safeguarded through strict adherence to health and safety

standards. The Safety, Health and Welfare at Work Act 1989 imposes certain requirements on employers and

the Company has taken the necessary action to ensure compliance with the Act, including the adoption of a

Safety Statement.

Financial risk

Management continually monitor financial risks facing the company together with assessing the controls

and financial KPI's used for managing these risks. The Board of director formally review and documents

the principal risks facing the business at least every quarter.

Economic impact of global events

UK businesses are currently facing many uncertainties such as the consequences of Brexit environmental

sustainability and geopolitical events such as the Russian invasion of Ukraine. These uncertainties have

contributed to an environment where there exists a range of issues and risks, including inflation, rising

interest rates, labour shortages, disrupted supply chains and new ways of working.

The directors have carried out an assessment of the potential impact of these uncertainties on the business,

including the impact of mitigation measures, and have concluded that these are non-adjusting events with the

greatest impact on the business expected to be from the economic ripple effect on the global economy. The

directors have taken account of these potential impacts in their going concern assessment.

Finefair Limited continues to work with its partners to minimise any impacts of these events and maximise

the realisation of any opportunities they may provide to the business.

Disclosure of information to auditor

The director at the time when this director's Report is approved has confirmed that:

- so far as is aware, there is no relevant audit information of which the company's auditor is unaware, and

- has taken all the steps that ought to have been taken as a director in order to be aware of any relevant

audit information and to establish that the company's auditor is aware of that information.

Charitable donation

During the year company made charitable donations for the sum of £1,000 ( 2024- £3,342)

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of management of real estate on a fee or contract basis

DIVIDENDS

No dividends will be distributed for the year ended 28 February 2025.

DIRECTORS

A Karim has held office during the whole of the period from 1 March 2024 to the date of this report.

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;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	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

Prestons will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

J V Gorsia - Director

26 November 2025

Opinion

We have audited the financial statements of Finefair Limited (the 'company') for the year ended 28 February 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 28 February 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 five, 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:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities to detect material misstatement in respect of irregularities, including fraud is detailed below:

- We exercise professional judgment and maintain professional skepticism throughout the audit;

- We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud in higher that for one resulting from error, as fraud may involve collusion, forgery, intentional, omissions, misrepresentations, or the deliberate override of internal control; - We obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of internal control;

- We evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made; - We assess the risk of management override of controls, including testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business;

- We conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the entity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the entity to cease to continue as a going concern.

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.

Anwer Patel BA (Hons) FCA,BFP (Senior Statutory Auditor)

for and on behalf of Prestons

Chartered Accountants

Statutory Auditors

364-368 Cranbrook Road

Gants Hill

Ilford

Essex

IG2 6HY

26 November 2025

TURNOVER

3

49,927,036

73,361,269

Cost of sales

38,357,147

57,570,656

GROSS PROFIT

11,569,889

15,790,613

Administrative expenses

7,268,725

7,715,043

OPERATING PROFIT

5

4,301,164

8,075,570

Interest receivable and similar income

562,800

524,137

PROFIT BEFORE TAXATION

4,863,964

8,599,707

Tax on profit

7

1,239,914

2,139,950

PROFIT FOR THE FINANCIAL YEAR

3,624,050

6,459,757

PROFIT FOR THE YEAR

3,624,050

6,459,757

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

3,624,050

6,459,757

FIXED ASSETS

Tangible assets

9

304,977

400,557

CURRENT ASSETS

Debtors

10

4,292,202

4,132,594

Cash at bank

10,753,111

15,019,136

15,045,313

19,151,730

CREDITORS

Amounts falling due within one year

11

3,228,401

6,841,796

NET CURRENT ASSETS

11,816,912

12,309,934

TOTAL ASSETS LESS CURRENT LIABILITIES

12,121,889

12,710,491

PROVISIONS FOR LIABILITIES

12

25,959

38,611

NET ASSETS

12,095,930

12,671,880

CAPITAL AND RESERVES

Called up share capital

13

100

100

Retained earnings

14

12,095,830

12,671,780

SHAREHOLDERS' FUNDS

12,095,930

12,671,880

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

J V Gorsia - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 March 2023

100

10,860,386

10,860,486

Changes in equity

Distribution to shareholders

-

(4,648,363

)

(4,648,363

)

Total comprehensive income

-

6,459,757

6,459,757

Balance at 29 February 2024

100

12,671,780

12,671,880

Changes in equity

Distribution to shareholders

-

(4,200,000

)

(4,200,000

)

Total comprehensive income

-

3,624,050

3,624,050

Balance at 28 February 2025

100

12,095,830

12,095,930

Cash flows from operating activities

Cash generated from operations

1

1,496,722

9,739,605

Tax paid

(2,056,450

)

(1,227,022

)

Net cash from operating activities

(559,728

)

8,512,583

Cash flows from investing activities

Purchase of tangible fixed assets

(69,097

)

(296,414

)

Interest received

562,800

524,137

Net cash from investing activities

493,703

227,723

Cash flows from financing activities

Distribution to Shareholders

(4,200,000

)

(4,648,363

)

Net cash from financing activities

(4,200,000

)

(4,648,363

)

(Decrease)/increase in cash and cash equivalents

(4,266,025

)

4,091,943

Cash and cash equivalents at beginning of year

2

15,019,136

10,927,193

Cash and cash equivalents at end of year

2

10,753,111

15,019,136

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

28.2.25

29.2.24

as restated

£

£

Profit before taxation

4,863,964

8,599,707

Depreciation charges

164,677

214,496

Finance income

(562,800

)

(524,137

)

4,465,841

8,290,066

(Increase)/decrease in trade and other debtors

(159,608

)

2,281,605

Decrease in trade and other creditors

(2,809,511

)

(832,066

)

Cash generated from operations

1,496,722

9,739,605

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 28 February 2025

28/2/25

1/3/24

£

£

Cash and cash equivalents

10,753,111

15,019,136

Year ended 29 February 2024

29/2/24

1/3/23

as restated

£

£

Cash and cash equivalents

15,019,136

10,927,193

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/3/24

Cash flow

At 28/2/25

£

£

£

Net cash

Cash at bank

15,019,136

(4,266,025

)

10,753,111

15,019,136

(4,266,025

)

10,753,111

Total

15,019,136

(4,266,025

)

10,753,111

1.	STATUTORY INFORMATION

Finefair 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.

Turnover

Turnover represents net income receivable from sale of goods and services in the year, excluding value added tax.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated

impairment losses. Historical cost includes expenditure that is directly attributable to bringing

the asset to the location and condition necessary for it to be capable of operating in the manner

intended by management.

Depreciation is charged so as to allocate the costs of assets less their residual value over their

estimated useful lives, using either a straight line or reducing balance method, as indicated

below. Depreciation is provided on the following basis :

Computer equipment 20% on cost

Furniture & Fixtures 20% on cost

Motor vehicle 20% on cost

Leasehold improvement depreciated over period of 5 years

The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted

prospectively if appropriate, or if there is an indication of a significant change since the last reporting

date. Gains and losses on disposals are determined by comparing the proceeds with the carrying

amount and are recognised in profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

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 company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are

measured initially at fair value, net of transaction costs, and are measured subsequently at amortised

cost using the effective interest method, less any impairment.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank

loans, are measured initially at fair value, net of transaction costs, and are measured subsequently

amortised cost using the effective interest method.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of

financial assets and liabilities like trade and other debtors and creditors, loans from banks and other

third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans

and other accounts receivable and payable, are initially measured at present value of the future cash

flows and subsequently at amortised cost using the effective interest method. Debt instruments that

are payable or receivable within one year, typically trade debtors and creditors, are measured, initially

and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid

or received. However, if the arrangements of a short-term instrument constitute a financing

transaction like the payment of a trade debt deferred beyond normal business terms or financed

at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at

market rate, the financial asset or liability is measured initially, at the present value of the future

cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at

amortised interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each

reporting period for objective evidence of impairment. If objective evidence of impairment is found

an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference

between an asset's carrying amount and the present value of estimated cash flows discounted at the

asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate

for measuring any impairment loss is the current effective interest rate determined under the

contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the

difference between an asset's carrying amount and best estimate of the recoverable amount,

which is an approximation of the amount that the Company would receive for the asset if it

were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when

there is an enforceable right to set off the recognised amounts and there is an intention to settle on a

net basis or to realise the asset and settle the liability simultaneously.

Judgements in applying accounting policies and key sources of estimation uncertainty

In applying the Company's accounting policies, the Directors are required to make judgements,

estimates and assumptions in determining the carrying amounts of assets and liabilities.

The Directors judgements, estimates and assumptions are based on the most reliable evidence

available at the time when the decisions are made, and are based on historical experience and

other factors that are considered to be applicable. Due to inherent subjectivity involved in making

such judgements, estimates and assumptions,the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting

estimates are recognised in the period in which the estimate is revised, if the revisions affect only that

period, or in the period of the revision and future periods, if the revision affects both current and

future periods.

The directors do not consider there to be any critical estimates or judgements made when preparing

these financial statements.

3.

TURNOVER

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

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

28.2.25

29.2.24

as restated

£

£

United Kingdom

49,927,036

73,361,269

49,927,036

73,361,269

Turnover is measured as the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

4.	EMPLOYEES AND DIRECTORS

28.2.25

29.2.24

as restated

£

£

Wages and salaries

4,773,096

4,866,093

Social security costs

478,201

489,829

Other pension costs

63,688

58,248

5,314,985

5,414,170

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

28.2.25

29.2.24

as restated

Senior Management

4

4

Sales and Marketing Staff

90

70

Operations Staff

50

50

Administrative and other staff

39

10

183

134

28.2.25

29.2.24

as restated

£

£

Directors' remuneration

100,000

102,500

The highest paid director received remuneration of £100,000 (2024 - £102,500)

The value of the Company's contributions paid to a defined contribution pension scheme in respect of

the highest paid director amounted to £60,000 (2024 - £40,000).

5.	OPERATING PROFIT

The operating profit is stated after charging:

28.2.25

29.2.24

as restated

£

£

Other operating leases

82,400

78,000

Depreciation - owned assets

164,677

214,496

6.	AUDITORS' REMUNERATION

28.2.25

29.2.24

as restated

£

£

Fees payable to the company's auditors and their associates for the audit of the company's financial statements

12,000

12,500

Total audit fees

12,000

12,500

7.

TAXATION

Analysis of the tax charge

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

28.2.25

29.2.24

as restated

£

£

Current tax:

UK corporation tax

1,252,566

2,147,501

CT- prior year adjustments

-

(8,240

)

Total current tax

1,252,566

2,139,261

Deferred tax

(12,652

)

689

Tax on profit

1,239,914

2,139,950