Contents of the Financial Statements

for the Period Ended 31 May 2025

Directors report
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 May 2025

The directors present their report with the financial statements of the company for the period ended 31 May 2025

Directors

The directors shown below have held office during the whole of the period from
1 June 2024 to 31 May 2025

Andrew Diamond
Ben Cook
Bruce Spence
Claire Morgan
Paul Hilton
Peter Sturrock

The directors shown below have held office during the period of
1 June 2024 to 27 November 2024

Kevin McLuskey
Michael Maloco

The directors shown below have held office during the period of
27 November 2024 to 31 May 2025

Caitlin Keegan
Jill Andrew

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
10 December 2025

And signed on behalf of the board by:
Name: Andrew Diamond
Status: Director

Balance sheet

As at 31 May 2025

	Notes	2025	2024
		£	£
Fixed assets
Intangible assets:	3	8,142	13,958
Tangible assets:	4	219,078	149,302
Investments:	5	4,616,497	4,576,239
Total fixed assets:		4,843,717	4,739,499
Current assets
Debtors:	6	1,120,994	1,155,355
Cash at bank and in hand:		1,508,770	1,703,935
Investments:	7	518,962	500,493
Total current assets:		3,148,726	3,359,783
Creditors: amounts falling due within one year:	8	( 3,433,460 )	( 3,326,051 )
Net current assets (liabilities):		(284,734)	33,732
Total assets less current liabilities:		4,558,983	4,773,231
Provision for liabilities:		( 27,112 )	( 65,057 )
Total net assets (liabilities):		4,531,871	4,708,174
Capital and reserves
Called up share capital:		10,000	10,000
Profit and loss account:		4,521,871	4,698,174
Total Shareholders' funds:		4,531,871	4,708,174

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 May 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 May 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Revenue is recognised when the company has performed its obligations under customer contracts and it is probable that economic benefits will flow to the company.

  Tangible fixed assets depreciation policy

  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.

  Intangible fixed assets amortisation policy

  Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives.

  Other accounting policies

  Accounting convention; goind concern; ficed asset investments; impairment of fixed assets; cash and cash equivalents; financial instruments; equity instruments; taxation.

Notes to the Financial Statements

for the Period Ended 31 May 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	53	52

  "Employees" includes six Non-executive Directors.