REGISTERED NUMBER: 12961987 (England and Wales)

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 December 2024

for

The Ardent Companies UK Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Consolidated Income Statement

10

Consolidated Other Comprehensive Income

11

Consolidated Balance Sheet

12

Company Balance Sheet

13

Consolidated Statement of Changes in Equity

14

Company Statement of Changes in Equity

15

Consolidated Cash Flow Statement

16

Notes to the Consolidated Cash Flow Statement

17

Notes to the Consolidated Financial Statements

18

DIRECTORS:

D Bezalel

M Shulman

T Terwilliger

SECRETARY:

Elemental Company Secretary Limited

REGISTERED OFFICE:

27 Old Gloucester Street

London

United Kingdom

WC1N 3AX

REGISTERED NUMBER:

12961987 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr Costas A Joannou BSc, MSc, PhD, FCCA

AUDITORS:

Christiansons Limited

Chartered Certified Accountants

& Statutory Auditors

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

The directors present their strategic report of the company and the group for the year ended 31 December 2024.

PRINCIPAL RISKS AND UNCERTAINTIES

The process of risk acceptance and risk management is addressed through a framework of policies, procedures and internal controls. All policies throughout the Group are subject to board approval and ongoing review by management. Compliance with regulation, legal and ethical standards is a high priority for the Group and the compliance team and finance department take on an important oversight role in this regard.

The Group does not have any long-term debt financing obligations and utilizes cash flow from normal operations to support ongoing operating activities. The Group conducts business in countries with stable economies and limited fluctuation in currency notes. The Group maintains relationships with a number of FX traders to compare and contrast quoted trade prices, to ensure any foreign exchange fluctuations are mitigated to the best of the Group’s ability.

KEY PERFORMANCE INDICATORS ('KPIS')

The Group’s key financial and other performance indicators during the year were as follows:

2024

2023

Turnover

2,141,389

2,144,677

Gross Profit Margin

20.84%

17.83%

Profit before tax

198,012

196,932

Liquidity (Quick ratio)

1.55

1.53

The KPI's remain stable year on year, as business activities and portfolios under management remain fixed. The Group has maintained healthy liquidity, minimising solvency risk and allowing for the efficient running of operations.

FUTURE DEVELOPMENTS

For the next 12 months, the Group will look to add new property portfolios to its management base, as they prepare for the lifecycle of some of the Parent investments to come to an end. Maximising growth and efficiency remain key drivers for the Group, especially as it pertains to the mitigation of foreign exchange fluctuations. Foreign exchange exposure linking to US-denominated funding will continue to be closely monitored, with natural hedging strategies in place.

Continued regular reporting to The Ardent Companies LLC ensures alignment with the wider group strategy and reinforces the directors confidence in the operational activities of the ARD UK group.

SECTION 172(1) STATEMENT

The directors confirm that, in performing their duties during the year ended 31 December 2024, they have acted in a way they consider, in good faith, would promote the success of the Company for the benefit of its members as a whole, having regard to the matters set out in section172(1) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

D Bezalel - Director

5 December 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of the provision of property portfolio management services.

DIRECTORS

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

D Bezalel

M Shulman

T Terwilliger

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group 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;

-	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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

AUDITORS

The auditors, Christiansons Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

D Bezalel - Director

5 December 2025

Opinion

We have audited the financial statements of The Ardent Companies UK Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated 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 group's and of the parent company affairs as at 31 December 2024 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group 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 the 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 directors are responsible for the other information. The other information comprises the information in the Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 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; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Group Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, 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 group's and 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 group or the parent 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.

Capability of the audit in detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

Based on our understanding of the entity and its industry, we identified that the principle risks of non-compliance with laws and regulations related to contracts. Employment regulation, Health & Safety regulation and anti-money laundering regulations. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements, such as Companies Act 2006. We considered the extent to which non-compliance might have a material effect on the financial statements.

We assess the appropriateness of the collective competence and capabilities of the engagement team including consideration of the engagement team's:

- understanding of, and practical experience with audit engagements of a similar nature and complexity through appropriate training and participation;

- knowledge of the industry in which the client operates; and

- understanding of the legal and regulatory requirements specific to the company including the provisions of the applicable legislation and the applicable statutory provisions.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principle risks were related to inappropriate journal entries to manipulate financial performance, and management bias through judgements and assumptions in significant accounting estimates.

Our audit procedures were designed to respond to those identified risks, including non-compliance with laws and regulations (irregularities) and fraud that are material to the financial statements. Our audit procedures included but were not limited to:

- Discussing with management their policies and procedures regarding compliance with laws and regulations including consideration of known or suspected instances of non-compliance and fraud;

- Communicating identified laws and regulations throughout our engagement team and remaining alert to any indications of no-compliance throughout our audit; and

- Considering the risk of any acts by the company which were contrary to applicable laws and regulations, including fraud.

Our audit procedures in relation to fraud included but were not limited to:

- Making enquiries of the directors and management on whether they had knowledge of any actual, suspected or alleged fraud;

- Gaining an understanding of the internal controls established to mitigate the risks relating to irregularities and fraud;

- Discussing amongst the engagement team the risks of fraud;

- Addressing the risks of fraud through management override of controls by performing journal entry testing in particular any journal entries posted with unusual account combinations focusing on journals impacting fee income, capitalisation of costs, cash, related party transactions and expenses; and

- Challenging judgements and assumptions made by management in their key accounting judgements and estimation uncertainty.

Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

The primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the overriding of internal controls.

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.

Mr Costas A Joannou BSc, MSc, PhD, FCCA (Senior Statutory Auditor)

for and on behalf of Christiansons Limited

Chartered Certified Accountants

& Statutory Auditors

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

5 December 2025

TURNOVER

2,141,389

2,144,677

Cost of sales

1,695,028

1,762,176

GROSS PROFIT

446,361

382,501

Administrative expenses

293,464

189,954

OPERATING PROFIT

152,897

192,547

Interest receivable and similar income

4

45,115

4,385

PROFIT BEFORE TAXATION

198,012

196,932

Tax on profit

44,800

78,324

PROFIT FOR THE FINANCIAL YEAR

153,212

118,608

Profit attributable to:

Owners of the parent

153,212

118,608

PROFIT FOR THE YEAR

153,212

118,608

OTHER COMPREHENSIVE INCOME

Gain/Loss on translation of subsidiary

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

153,212

118,608

Total comprehensive income attributable to:

Owners of the parent

153,212

118,608

FIXED ASSETS

Tangible assets

6

8,505

10,889

Investments

7

-

-

8,505

10,889

CURRENT ASSETS

Debtors

8

894,738

476,439

Cash at bank and in hand

257,624

259,096

1,152,362

735,535

CREDITORS

Amounts falling due within one year

9

743,009

481,562

NET CURRENT ASSETS

409,353

253,973

TOTAL ASSETS LESS CURRENT LIABILITIES

417,858

264,862

PROVISIONS FOR LIABILITIES

10

2,126

2,342

NET ASSETS

415,732

262,520

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

415,632

262,420

SHAREHOLDERS' FUNDS

415,732

262,520

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by:

D Bezalel - Director

FIXED ASSETS

Tangible assets

6

8,505

10,889

Investments

7

200

-

8,705

10,889

CURRENT ASSETS

Debtors

8

895,910

476,439

Cash at bank and in hand

257,624

259,096

1,153,534

735,535

CREDITORS

Amounts falling due within one year

9

743,109

481,562

NET CURRENT ASSETS

410,425

253,973

TOTAL ASSETS LESS CURRENT LIABILITIES

419,130

264,862

PROVISIONS FOR LIABILITIES

10

2,126

2,342

NET ASSETS

417,004

262,520

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

416,904

262,420

SHAREHOLDERS' FUNDS

417,004

262,520

Company's profit for the financial year

154,484

118,608

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by:

D Bezalel - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

100

143,812

143,912

Changes in equity

Total comprehensive income

-

118,608

118,608

Balance at 31 December 2023

100

262,420

262,520

Changes in equity

Total comprehensive income

-

153,212

153,212

Balance at 31 December 2024

100

415,632

415,732

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

100

143,812

143,912

Changes in equity

Total comprehensive income

-

118,608

118,608

Balance at 31 December 2023

100

262,420

262,520

Changes in equity

Total comprehensive income

-

154,484

154,484

Balance at 31 December 2024

100

416,904

417,004

Cash flows from operating activities

Cash generated from operations

1

(264,236

)

(3,903

)

Tax paid

(40,837

)

(25,683

)

Net cash from operating activities

(305,073

)

(29,586

)

Cash flows from investing activities

Purchase of tangible fixed assets

(160

)

(2,920

)

Interest received

45,115

4,385

Net cash from investing activities

44,955

1,465

Cash flows from financing activities

Ardent international LP

258,646

91,613

Share issue

-

100

Net cash from financing activities

258,646

91,713

(Decrease)/increase in cash and cash equivalents

(1,472

)

63,592

Cash and cash equivalents at beginning of year

2

259,096

195,504

Cash and cash equivalents at end of year

2

257,624

259,096

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

31.12.24

31.12.23

£

£

Profit before taxation

198,012

196,932

Depreciation charges

2,544

2,147

Finance income

(45,115

)

(4,385

)

155,441

194,694

Increase in trade and other debtors

(418,299

)

(214,446

)

(Decrease)/increase in trade and other creditors

(1,378

)

15,849

Cash generated from operations

(264,236

)

(3,903

)

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

257,624

259,096

Year ended 31 December 2023

31.12.23

1.1.23

£

£

Cash and cash equivalents

259,096

195,504

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank and in hand

259,096

(1,472

)

257,624

259,096

(1,472

)

257,624

Total

259,096

(1,472

)

257,624

1.	STATUTORY INFORMATION

The Ardent Companies UK 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 General 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Basis of consolidation

These financial statements present the consolidated results of The Ardent Companies UK Limited (“the Company”) and its subsidiary undertakings for the year ended 31 December 2024.

The consolidated financial statements have been prepared in accordance with FRS 102 Section 1A and the Companies Act 2006.

All intra-group balances and transactions have been eliminated in full on consolidation.

The Company holds certain immaterial interests in related undertakings which have not been disclosed on the grounds that they are not material to the Group

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

Financial instruments

The company 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 company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Debtors do not carry interest and are stated at their nominal value.

Trade creditors are not interest-bearing and are stated at their nominal value.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Pension costs and other post-retirement benefits

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

31.12.24

31.12.23

£

£

Wages and salaries

1,444,071

1,501,326

Social security costs

189,630

198,648

Other pension costs

21,578

20,747

1,655,279

1,720,721

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

31.12.24

31.12.23

Admin

6

6

The average number of employees by undertakings that were proportionately consolidated during the year was 6 (2023 - 6 ) .

4.

INTEREST RECEIVABLE AND SIMILAR INCOME

31.12.24

31.12.23

£

£

Interest Received

45,115

4,385

5.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

6.	TANGIBLE FIXED ASSETS

Group

Plant and

machinery

etc

£

COST

At 1 January 2024

13,036

Additions

160

At 31 December 2024

13,196

DEPRECIATION

At 1 January 2024

2,147

Charge for year

2,544

At 31 December 2024

4,691

NET BOOK VALUE

At 31 December 2024

8,505

At 31 December 2023

10,889

Company

Plant and

machinery

etc

£

COST

At 1 January 2024

13,036

Additions

160

At 31 December 2024

13,196

DEPRECIATION

At 1 January 2024

2,147

Charge for year

2,544

At 31 December 2024

4,691

NET BOOK VALUE

At 31 December 2024

8,505

At 31 December 2023

10,889