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

The directors are delighted with the results for the financial year ended 30th June 2025 which are substantially better than the already strong performance in the prior year.

During the year the company built on the new markets it moved into in prior years and these areas continue to mature nicely.

The company has a very large and diverse customer base, meaning it is well placed to deal with any future volatility in the fuel market caused by worldwide events such as the war in Ukraine. The company also maintains substantial credit lines across all major fuel suppliers in the UK, meaning we have access to multiple fuel channels as well as the capability to spread fuel purchases across many suppliers as required. In addition, as the company operates a large fleet of articulated tankers, we can access fuel supplies right across the UK as required.

We continue to attract and retain high calibre staff as a key strategy of the business. This has continued with the staff who have joined us in the new markets mentioned above. The growth into these new markets as well as inflation has resulted in an increase in overheads of 15% over the prior year. Despite these increased costs, Operating Profit for the year was £7,838,269 (2024: £6,449,087) which is an increase of 22% while Profit Before Tax was £7,891,389 (2024: £6,523,763).

Trading figures for the remainder of 2025 have continued to be strong.

Given the straightforward nature of the business, the company’s directors are of the opinion that analysis using key performance indicators is not necessary for an understanding of the development, performance and position of the company.

The directors are comfortable that both Oilfast Ltd and Fleetmaxx Solutions Ltd should be treated as going concerns. Both companies have reported strong profits for the year ended June 25 and those profits have continued into the financial year ended June 26 – we anticipate post-tax profits for year ended June 26 of circa £3.5m for Oilfast Ltd and £3.5m for Fleetmaxx Solutions which would result in net assets of £6.5m and £8.3m respectively. Both businesses manage cashflow well and generate positive cashflow so the directors do not anticipate any cashflow issues.

The directors consider that in the current economic climate, the principal risk is that of bad debts. This is managed through a combination of credit insurance, tight credit controls and the active pursuit of defaulters through all legal channels.

Performance in the sector is affected by general economic conditions and weather conditions. The directors carry out regular strategic reviews, including assessments of computer activity, market trends, forecasts and customer behaviour.

The company's operations expose it to a variety of financial risks. The directors note that the wholesale of fuel distribution industry remains competitive and that inflationary pressures require to be kept under close review.

Given the size of the company, the directors have not delegated the responsibility of monitoring financial risk management to a sub-committee of the Board. The policies set by the Board of Directors are implemented by the company's finance department.

Price risk

Given the size of the company's operation, the costs of managing exposure to commodity price risk exceed the potential benefits. The directors will revisit the appropriateness of this policy should the company's operations significantly change in size.

Credit risk/cashflow risk

Trade debtors are managed in respect of credit and cashflow risk by policies concerning the credit offered to customers and regular monitoring of amounts outstanding for both time and credit limits. Banking facilities are also structured to meet ongoing working capital and investment requirements of the company.

Liquidity risk

Trade creditors liquidity risk is managed ensuring sufficient funds are available to meet amounts when due.

Financial Instrument risk

The company has established a risk and financial management framework whose primary objectives are to protect the company from events that hinder the achievement of the company's performance objectives.

The Companies (Miscellaneous Reporting) Regulations 2018 (2018 MRR) require directors to explain how they considered the interests of key stakeholders and the broader matters set out in section 172(1) (A) to (F) of the Companies Act 2006 (S172) when performing their duty to promote the success of the company under s172.

As required by section 172 of the UK's Companies Act a director of the company should act in the way they consider most likely to promote the success of the company and benefit its shareholders. In doing so the directors have given due regard to consequences of any decisions in the long term, the interest of the company's employees, the company's business relationships with customers, suppliers, and other shareholders, the impact of the company's operation on the community and environment and its reputation of high standards of business conduct. The following is an overview of how the board has performed its duties during the year.

The Group has a strong, driven Board of directors with a very significant level of experience in the industry. The Board meet at least once a month to discuss key areas such as health and safety, operations, sales, finance and overall strategy. During these meetings the Board considers how decisions taken will affect key Stakeholders of the business such as shareholders, employees, customers, suppliers, local communities, regulators and the wider environment.

The directors have acted and continue to act in a way that they consider, in good faith, would be most likely to promote the success of the company and the group for the benefit of its members as a whole.

In so doing, the directors took the decision to move into new geographical areas across the country by using experienced, motivated staff and strong marketing campaigns. To enable the continued growth of the company, the directors approved significant investment into the Group's tanker fleet. This investment will allow the company to have a more reliable fleet allowing improved service levels and helping facilitate the growth into new areas.

At the year end the Group had 239 employees split across 18 locations including the Group's Head Office. The Board considers the Group's employees as the key asset of the business. Every location has a manager who stays well connected to the employees based at that location. In addition, employees receive a newsletter several times a year to keep them informed on pertinent matters across the Group.

Given the nature of the Group's activities, health and safety is of paramount importance and regular updates, training and briefings are held with the workforce.

Members of the Board and senior management team regularly meet with key suppliers and customers to enhance relationships and ensure the best interests of all parties are met. Our relationships with key suppliers are vitally important and are the responsibility of the Board and senior management. The Group is a member of and actively participates with the trade associations such as UKIFDA.

The Board ensures that other stakeholders such as the Group's bankers and our suppliers credit insurers are kept informed of the Groups activities through monthly management information and regular face to face meetings.

Impact on the community and the environment

The Board recognise that a responsible business requires a firm commitment to protecting the environment and supporting local communities. As such the Board has taken several measures to help achieve this include the planting of young trees, investing in a clean modern fleet, the provision of electric company cars, the marketing and sale of carbon reducing fuels and the sponsorship of several local initiatives.

High standards of business conduct

The Oilfast Group is a family business with the core values of integrity, honesty, respect, empowerment and trust. The Board believe operating to these values to be ethical and sound business practice. The Board pride themselves in having highly able and motivated employees throughout the business. The Group is an equal opportunities employer with no barriers on age, sex, disability, religion, race or sexual orientation. Employees are judged on ability and application and are treated with respect, honesty, consistency and compassion.

The Group adheres to all relevant legislation and ensures robust business processes and procedures through its ISO 9001 accreditation.

On behalf of the board

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

The principal activity of the company and group continued to be that of wholesale fuel distribution, fleet fuel cards and related fleet products.

The results for the year are set out on page 10.

Ordinary dividends were paid amounting to £3,270,000. The directors do not recommend payment of a further dividend.

Share type Value per share Date of payment Total paid

Ordinary B shares £1.70 23 October 2024 £1,350,000

£1.70 2 May 2025 £1,350,000

Ordinary C shares £4.76 23 October 2024 £420,000

£1.70 2 May 2025 £150,000

For dividends paid to non-controlling interests in a subsidiary company, please refer to note 14.

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the group continues and that the appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

The group's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests.

Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.

There is no employee share scheme at present, but the directors are considering the introduction of such a scheme as a means of further encouraging the involvement of employees in the company's performance.

The company presents the following statements in line with SECR in accordance with the Companies (Miscellaneous Reporting Regulations) 2018. This requires large unlisted private companies to report their UK energy usage and associated GHG emission for the current year under review and also the prior year.

The reporting methodology used to calculate the above figures was the GHG Reporting Protocol – Corporate Standard.

The chosen intensity measurement ratio is total gross emissions in metric tonnes CO2e per £M of Group turnover, the recommended ratio for the sector.

In order to minimize the Group's carbon emissions and use resources more responsibly, the following measures have been implemented:

- Solar Panels on the roofs of depots wherever possible

- Provision of electric company cars for some employees

- Tree planting initiative

- Modernisation of tanker fleet with Euro 6 engines

- Utilisation of routing software to minimize fuel usage on delivery vehicles

The directors are responsible 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 group and company, and of the profit or loss of the group 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 UK 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 group and company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and 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 group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

On 1 July 2025 the company changed its name from Oilfast Limited to Oilfast Holdings Limited.

We have audited the financial statements of Oilfast Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2025 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including 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 group's and the parent company's affairs as at 30 June 2025 and of the group's 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's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent 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 group's and parent 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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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. 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 course of 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 our audit:

• The information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

• the parent company 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.

As explained more fully in the directors' responsibilities statement, 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 parent 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 parent company or to cease operations, or have no realistic alternative but to do so.

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.

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk of the company of not complying with such laws and regulations, including fraud, where non-compliance could have a material impact on the financial statements, including financial reporting and tax legislation. In relation to the industry, this included health and safety and employment legislation.

The risks were discussed with the audit team and we remained alert to any indications of non-compliance throughout the audit. We carried out specific procedures to address the risks identified as follows:

- Review of the control environment

- Meeting key personal responsible for specific functions relating to laws and regulations

- Review of legal fees incurred

- Agreeing the financial statement disclosures to underlying supporting documentation

-Reviewing the key accounting policies and estimates.

To address the risk of management override of controls, we carried out testing of journal entries and other adjustments for appropriateness and evaluated the business rationale of significant transactions outside of the normal course of business.

Because of the inherent limitations of an audit there is a risk that we will not detect all regularities, 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 and misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://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 parent 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 parent 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 parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s profit for the year was £3,221,104 (2024 - £1,872,874 profit).

Oilfast Holdings Limited (“the company”) is a private limited company domiciled and incorporated in Scotland. The registered office is Nethan Street, Motherwell, North Lanarkshire, ML1 3TF.

The group consists of Oilfast Holdings Limited and all of its subsidiaries.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

The group financial statements consolidate the financial statements of Oilfast Limited and its subsidiaries as detailed in note 18.

At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover of the group comprises two main income streams:

1. Wholesale fuel distribution and related fuel products.

2. The provision of fuel card services, which is accounted for on a net basis in accordance with the requirements of FRS 102 section 23. This net presentation reflects the company's role as agent in the underlying purchase of goods.

In both cases, turnover represents the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the group's activities. Turnover is shown net of value added tax, returns, rebates and discounts. The group recognises revenue when it can reliably measured and it is probable that future economic benefits will flow to the entity.

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Investments in subsidiaries are measured at cost less impairment.

The company's stocks are valued at the lower of cost and net realisable value. Cost comprises purchase price plus transport costs where appropriate, less trade discounts and subsidies.

The principal subsidiary, Fleetmaxx Solutions Limited, has the right for its customers to draw down on fuel stocks paid for by the company and held at third party facilities. The stock figure in the financial statements represents the value of the undrawn stocks at the balance sheet date and is shown at the lower of cost or net realisable value

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally 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.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

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 expenses when they are due.

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets obtained under hire purchase contracts are capitalised in the balance sheet and are depreciated over their estimated useful lives. Interest on these contracts is charged to the profit and loss account on a straight line basis.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Sections 479A and 479C subsidiary companies audit exemption: Parent undertaking declaration of guarantee

Oilfast Limited as the parent of Vector Business Solutions Limited, company number SC253133, has undertaken to guarantee all outstanding liabilities to which Vector Business Solutions Limited is subject to at the end of the financial period ending 30 June 2025. This guarantee applies until a) they are satisfied in full, b) the guarantee is enforceable against the parent undertaking by any person to whom the subsidiary is liable in respect of those liabilities and c) relates only to the year under guarantee.

Full details of Vector Business Solutions Limited are given in note 18.

Debtors

Debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Short term creditors are recognised at the transaction price. Other creditors are recognised initially and subsequently at transaction price which is deemed to be equivalent to their fair value.

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The average monthly number of persons (including directors) employed by the group and company during the year was:

Their aggregate remuneration comprised:

The number of directors for whom benefits were accruing under money purchase schemes amounted to 5 (2024 - 5).

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.

Details of the company's subsidiaries at 30 June 2025 are as follows:

Finance lease contract liabilities are secured against the assets to which they relate.

The company's bank has a floating charge over all property and undertakings of the company, dated 25 February 2022.

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

The two classes of share rank pari passu in all respects other than the rate of dividend payable on each class.

The Scottish Borders Council has a charge over an area of land at Pinnaclehill Industrial Estate, Kelso, dated 20 January 2014 which will come into effect if the land is sold. At the present time, the company has no plans to dispose of this land.                    

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

The remuneration of key management personnel is as follows.

During the year, rent and associated premises costs totalling £74,055 (2024: £75,078) have been paid to an entity in which certain members of the company's key personnel have an interest.

During the year, the company received management fees and overhead recharges from subsidiary undertakings totalling £4,670,650 (2024: £3,224,531).

At the Balance sheet date, the company owed subsidiary undertakings £4,283,415 (2024: £1,493,978). This amount is included in creditors and is repayable on demand.

The company has no controlling party.