Blue Lagoon (Fish And Chip Shops) Ltd.

	Page
Strategic Report	1
Directors' Report	2
Independent Auditor's Report	3—4
Profit and Loss Account	5
Statement of Comprehensive Income	6
Balance Sheet	7
Statement of Changes in Equity	8
Statement of Cash Flows	9
Notes to the Statement of Cash Flows	10
Notes to the Financial Statements	11—17

The directors present their report and the financial statements for the year ended 31 March 2025.

Principal Activity

The company's principal activity continues to be that of a take-away food shops and mobile food stands.

Directors

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

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' 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, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', 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 the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, 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.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The auditors, Morris & Young Chartered Accountants, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Angelo Varese

Director

8th December 2025

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Independent Auditor's Report

to the Members of

Blue Lagoon (Fish And Chip Shops) Ltd.

Independent Auditor's Report

Opinion

We have audited the financial statements of Blue Lagoon (Fish And Chips Shops) Ltd. (the 'company') for the year ended 31 March 2025, which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's 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 the requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the Director’s use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work that we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company’s ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the Director with respect to going concern are described in the relevant sections of this report.

Other Information

The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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

• the Directors' Report has been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Blue Lagoon (Fish And Chip Shops) Ltd.

Matters on Which We Are Required to Report by Exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.

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

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

• the financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of directors’ remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the 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 company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Use Of Our Report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Alexander Fyfe M.A.A.T., C.A., DChA (Senior Statutory Auditor)

for and on behalf of Morris & Young Chartered Accountants , Statutory Auditor

8th December 2025

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Blue Lagoon (Fish And Chip Shops) Ltd.

Profit and Loss Account

For The Year Ended 31 March 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER	3	10,511,929	10,321,077
Cost of sales		(2,314,898 )	(2,405,256 )

GROSS PROFIT		8,197,031	7,915,821

Administrative expenses		(5,620,399 )	(5,794,172 )
Other operating income		18,592	5,582

OPERATING PROFIT	5	2,595,224	2,127,231
Loss on disposal of fixed assets		(44,060 )	-
Other interest receivable and similar income	10	203	-
Interest payable and similar charges	11	(50,507 )	(109,895 )

PROFIT BEFORE TAXATION		2,500,860	2,017,336
Tax on Profit	12	(958,872 )	(997,574 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		1,541,988	1,019,762

The notes on pages 10 to 17 form part of these financial statements.

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Blue Lagoon (Fish And Chip Shops) Ltd.

Statement of Comprehensive Income

For The Year Ended 31 March 2025

Statement of Comprehensive Income

	2025	2024
	£	£
PROFIT FOR THE FINANCIAL YEAR	1,541,988	1,019,762
OTHER COMPREHENSIVE INCOME:
Gain on revaluation of investment properties	3,986	18,088

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	1,545,974	1,037,850

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Blue Lagoon (Fish And Chip Shops) Ltd.

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: SC365030

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	13		425,815		450,863
Tangible Assets	14		7,997,802		7,160,060

			8,423,617		7,610,923
CURRENT ASSETS
Stocks	15	31,000		28,500
Debtors	16	510,128		572,731
Investments	17	413,341		409,015
Cash at bank and in hand		628,025		1,192,366

		1,582,494		2,202,612
Creditors: Amounts Falling Due Within One Year	18	(1,811,544 )		(3,077,335 )

NET CURRENT ASSETS (LIABILITIES)			(229,050 )		(874,723 )

TOTAL ASSETS LESS CURRENT LIABILITIES			8,194,567		6,736,200

Creditors: Amounts Falling Due After More Than One Year	19		-		(203,043 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	21		(1,999,451 )		(1,790,015 )

NET ASSETS			6,195,116		4,743,142

CAPITAL AND RESERVES
Called up share capital	22		200		200
Revaluation reserve			(436,195 )		(440,181 )
Profit and Loss Account			6,631,111		5,183,123

SHAREHOLDERS' FUNDS			6,195,116		4,743,142

On behalf of the board

Angelo Varese

Director

8th December 2025

The notes on pages 10 to 17 form part of these financial statements.

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Blue Lagoon (Fish And Chip Shops) Ltd.

Statement of Changes in Equity

For The Year Ended 31 March 2025

Statement of Changes in Equity

	Share Capital	Revaluation reserve	Profit and Loss Account	Total
	£	£	£	£
As at 1 April 2023	200	(458,269 )	4,163,361	3,705,292
Profit for year	-	-	1,019,762	1,019,762

Surplus on revaluation	-	18,088	-	18,088

Other comprehensive income for the year	-	18,088	-	18,088

Total comprehensive income for the year	-	18,088	1,019,762	1,037,850

Dividends paid	-	-	-	-

As at 31 March 2024 and 1 April 2024	200	(440,181 )	5,183,123	4,743,142


Profit for year	-	-	1,541,988	1,541,988

Surplus on revaluation	-	3,986	-	3,986

Other comprehensive income for the year	-	3,986	-	3,986

Total comprehensive income for the year	-	3,986	1,541,988	1,545,974

Dividends paid	-	-	(94,000)	(94,000)

As at 31 March 2025	200	(436,195 )	6,631,111	6,195,116

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Blue Lagoon (Fish And Chip Shops) Ltd.

Statement of Cash Flows

For The Year Ended 31 March 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	3,177,697	2,322,703
Interest paid		(50,507 )	(91,807 )
Tax paid		(1,079,550 )	(40,123 )

Net cash generated from operating activities		2,047,640	2,190,773

Cash flows from investing activities
Purchase of tangible assets		(1,538,845 )	(18,859 )
Proceeds from disposal of tangible assets		100,000	-
Purchase of current asset investments		(4,326 )	(18,089 )
Interest received		203	-

Net cash used in investing activities		(1,442,968 )	(36,948 )

Cash flows from financing activities
Equity dividends paid		(94,000 )	-
Repayment of bank borrowings		(790,941 )	(757,985 )
Amount withdrawn by directors		(284,072)	(496,629)

Net cash used in financing activities		(1,169,013 )	(1,254,614 )



(Decrease)/increase in cash and cash equivalents		(564,341 )	899,211
Cash and cash equivalents at beginning of year	2	1,192,366	293,155

Cash and cash equivalents at end of year	2	628,025	1,192,366

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Blue Lagoon (Fish And Chip Shops) Ltd.

Notes to the Statement of Cash Flows

For The Year Ended 31 March 2025

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from operations

	2025	2024
	£	£
Profit for the financial year	1,541,988	1,019,762
Adjustments for:
Tax on profit	958,872	997,574
Interest expense	50,507	109,895
Interest income	(203 )	-
Amortisation of intangible assets	25,048	25,048
Depreciation of tangible assets	561,029	638,448
Loss on disposal of tangible assets	44,060	-
Movements in working capital:
Increase in stocks	(2,500 )	(500 )
Decrease/(increase) in trade and other debtors	62,603	(572,731 )
(Decrease)/increase in trade and other creditors	(63,707 )	105,207

Net cash generated from operations	3,177,697	2,322,703

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	628,025	1,192,366

3. Analysis of changes in net funds

	As at 1 April 2024	Cash flows	As at 31 March 2025
	£	£	£
Cash at bank and in hand	1,192,366	(564,341)	628,025
Debts falling due within one year	(790,941 )	587,898	(203,043 )
Debts falling due after more than one year	(203,043)	203,043	-

	198,382	226,600	424,982

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Blue Lagoon (Fish And Chip Shops) Ltd.

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Blue Lagoon (Fish And Chip Shops) Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC365030 . The registered office is 208 Argyle Street, Glasgow, G2 8HA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. Turnover

Turnover is measured at 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% reducing balance
Plant & Machinery	25% reducing balance
Fixtures & Fittings	25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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Blue Lagoon (Fish And Chip Shops) Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Taxation

Income 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 profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Turnover

Analysis of turnover by class of business is as follows:

	2025	2024
	£	£
Rental	60,229	94,359
Shop	10,451,700	10,226,718

	10,511,929	10,321,077

4. Other Operating Income

	2025	2024
	£	£
Royalties and similar income	18,592	5,582

	18,592	5,582

5. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Depreciation of tangible fixed assets	561,029	638,448
Amortisation of intangible fixed assets	25,048	25,048

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Blue Lagoon (Fish And Chip Shops) Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	16,200	-

7. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	2,842,832	3,077,874
Social security costs	244,131	250,021
Other pension costs	18,817	20,392

	3,105,780	3,348,287

8. Average Number of Employees

Average number of employees, including directors, during the year was: 129 (2024: 143)

9. Directors' remuneration

	2025	2024
	£	£
Emoluments	339,126	326,009
Company contributions to money purchase pension schemes	7,200	7,200

	346,326	333,209

Information regarding the highest paid director was as follows:

	2025	2024
	£	£
Emoluments	84,781	81,502

10. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	203	-

11. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	50,507	109,720
Late payment tax charges	-	175

	50,507	109,895

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Blue Lagoon (Fish And Chip Shops) Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

12. Tax on Profit

	Tax Rate		2025	2024
The tax charge on the profit for the year was as follows:
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	749,436	660,550
Deferred Tax
Deferred taxation			209,436	337,024


Total tax charge for the period			958,872	997,574


The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
			2025	2024
			£	£
Profit before tax			2,500,860	2,017,336

Tax on profit at 25% (UK standard rate)			749,436	660,550
Deferred tax from unrecognised timing difference from a prior period			209,436	337,024

Total tax charge for the period			958,872	997,574

13. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	700,959

As at 31 March 2025	700,959

Amortisation
As at 1 April 2024	250,096
Provided during the period	25,048

As at 31 March 2025	275,144

Net Book Value
As at 31 March 2025	425,815

As at 1 April 2024	450,863

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Blue Lagoon (Fish And Chip Shops) Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

14. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2024	5,895,767	3,163,011	978,695	10,037,473
Additions	1,420,600	-	122,231	1,542,831
Disposals	(150,000 )	-	-	(150,000 )

As at 31 March 2025	7,166,367	3,163,011	1,100,926	11,430,304

Depreciation
As at 1 April 2024	309,004	1,943,923	624,486	2,877,413
Provided during the period	137,147	304,772	119,110	561,029
Disposals	(5,940 )	-	-	(5,940 )

As at 31 March 2025	440,211	2,248,695	743,596	3,432,502

Net Book Value
As at 31 March 2025	6,726,156	914,316	357,330	7,997,802

As at 1 April 2024	5,586,763	1,219,088	354,209	7,160,060

15. Stocks

	2025	2024
	£	£
Finished goods	31,000	28,500

16. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	153,910	227,046
Due after more than one year
Amounts owed by participating interests	356,218	345,685

	510,128	572,731

17. Current Asset Investments

	2025	2024
	£	£
Unlisted investments	413,341	409,015

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Blue Lagoon (Fish And Chip Shops) Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

18. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	88,545	106,720
Bank loans and overdrafts	203,043	790,941
Other creditors	789,056	1,114,800
Corporation tax	330,436	660,550
Taxation and social security	368,439	379,784
Accruals and deferred income	32,025	24,540

	1,811,544	3,077,335

19. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	203,043

20. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	203,043	790,941

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	-	203,043

21. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	1,999,451	1,790,015

22. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
200 Ordinary Shares of £ 1.000 each	200	200

23. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £18,817 (2024: £20,392).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

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Blue Lagoon (Fish And Chip Shops) Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

24. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	94,000	-

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