REGISTERED NUMBER: 10594820 (England and Wales)

Group Strategic Report, Report of the Director and

Consolidated Financial Statements

for the Year Ended 31 March 2025

for

Hopton Trading Holdings Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Director

3

Report of the Independent Auditors

5

Consolidated Profit and Loss Account

8

Consolidated Balance Sheet

9

Company Balance Sheet

10

Consolidated Statement of Changes in Equity

11

Company Statement of Changes in Equity

12

Consolidated Cash Flow Statement

13

Notes to the Consolidated Financial Statements

14

DIRECTOR:

M T Hopton

SECRETARY:

Mrs D J Hopton

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

REGISTERED NUMBER:

10594820 (England and Wales)

AUDITORS:

Bates Weston Audit Ltd

Statutory Auditors

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

The director presents his strategic report of the company and the group for the year ended 31 March 2025.

REVIEW OF BUSINESS

The director is satisfied with the results and year end financial position and is confident that a consistent level of activity and profitability will be maintained during the current year.

In relation to the subsidiaries, turnover for the year has increased by £4,642k (14.0%) and cost of sales have also increased by £634k (2.4%) resulting in a gross profit margin of 27.8% (2024 - 19.6%).

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and the nature of the group's strategy are subject to a number of risks.

There is the risk of diminishing footfall, though this is closely reviewed by way of monitoring the turnover and profit margins in the quarterly management accounts.

ORGANISATION

The director continues to monitor the group's organisation and profitability with the intention of constantly improving them wherever possible.

INVESTMENT

The director continues to invest in opening new stores as the company seeks to maximise profitability.

KEY PERFORMANCE INDICATORS

Performance is largely measured by sales margins, overheads as a proportion of sales, and bank balance. Costs are monitored through the review of the quarterly management accounts.

ON BEHALF OF THE BOARD:

M T Hopton - Director

17 December 2025

The director presents his report with the financial statements of the company and the group for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of the retail of mobile phones and accessories.

DIVIDENDS

An interim dividend of 47.29729p per share was paid on the Ordinary £1.00 shares on 1 October 2024. No dividends were paid on the A Ordinary £1.00 shares.

The total distribution of dividends for the year ended 31 March 2025 will be £ 1,050,000 .

DIRECTOR

M T Hopton held office during the whole of the period from 1 April 2024 to the date of this report.

FINANCIAL INSTRUMENTS

The group's financial assets and liabilities consist of trade debtors and creditors, cash balances and amounts owed to group undertakings.

The directors manage the group's exposure to financial risk by researching the credit worthiness of end customers and by seeking advice from the company's franchise provider and its other external financial advisers.

The group does not trade in foreign currencies.

The group does not trade speculatively in derivatives or similar instruments.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 director is 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 he 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.

ON BEHALF OF THE BOARD:

M T Hopton - Director

17 December 2025

Opinion

We have audited the financial statements of Hopton Trading Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Profit and Loss Account, 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 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 March 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 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, 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 Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Director 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 Director.

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 director's remuneration specified by law are not made; or

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

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is 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 director determines 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 director is 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 director either intends to liquidate the group or the parent company or to cease operations, or has 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.

Based on our understanding of the group and industry in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the retail sale industry and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. Audit procedures performed by the engagement team included:

-

Enquiry of management around actual and potential litigation and claims;

-

Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

-

Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

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

Ian Neal FCA CTA (Senior Statutory Auditor)

for and on behalf of Bates Weston Audit Ltd

Statutory Auditors

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

17 December 2025

TURNOVER

3

37,826,511

33,184,987

Cost of sales

27,306,527

26,672,540

GROSS PROFIT

10,519,984

6,512,447

Administrative expenses

3,675,439

6,010,269

6,844,545

502,178

Other operating income

44,428

251,747

OPERATING PROFIT

5

6,888,973

753,925

Interest receivable and similar income

30,408

15,265

6,919,381

769,190

Interest payable and similar expenses

6

466

-

PROFIT BEFORE TAXATION

6,918,915

769,190

Tax on profit

7

1,834,899

303,440

PROFIT FOR THE FINANCIAL YEAR

5,084,016

465,750

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

5,084,016

465,750

Profit attributable to:

Owners of the parent

5,084,016

465,750

Total comprehensive income attributable to:

Owners of the parent

5,084,016

465,750

FIXED ASSETS

Intangible assets

10

1,684,853

1,995,584

Tangible assets

11

996,983

633,550

Investments

12

-

-

Investment property

13

208,550

208,550

2,890,386

2,837,684

CURRENT ASSETS

Stocks

14

605,063

541,078

Debtors

15

3,354,605

11,387,616

Cash at bank and in hand

4,744,170

670,458

8,703,838

12,599,152

CREDITORS

Amounts falling due within one year

16

3,733,406

10,824,158

NET CURRENT ASSETS

4,970,432

1,774,994

TOTAL ASSETS LESS CURRENT LIABILITIES

7,860,818

4,612,678

PROVISIONS FOR LIABILITIES

18

7,419

13,295

NET ASSETS

7,853,399

4,599,383

CAPITAL AND RESERVES

Called up share capital

19

2,220,000

3,000,000

Merger difference

20

(2,990,000

)

(2,990,000

)

Retained earnings

20

8,623,399

4,589,383

SHAREHOLDERS' FUNDS

7,853,399

4,599,383

The financial statements were approved by the director and authorised for issue on 17 December 2025 and were signed by:

M T Hopton - Director

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

964,893

569,342

Investments

12

7,543,436

7,543,436

Investment property

13

208,550

208,550

8,716,879

8,321,328

CURRENT ASSETS

Debtors

15

1,031,489

1,294,788

Cash at bank

6,830

7,045

1,038,319

1,301,833

CREDITORS

Amounts falling due within one year

16

4,219,622

3,362,070

NET CURRENT LIABILITIES

(3,181,303

)

(2,060,237

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,535,576

6,261,091

CAPITAL AND RESERVES

Called up share capital

19

2,220,000

3,000,000

Retained earnings

20

3,315,576

3,261,091

SHAREHOLDERS' FUNDS

5,535,576

6,261,091

Company's profit for the financial year

1,104,485

27,114

The financial statements were approved by the director and authorised for issue on 17 December 2025 and were signed by:

M T Hopton - Director

Called up

share

Retained

Merger

Total

capital

earnings

difference

equity

£

£

£

£

Balance at 1 April 2023

3,000,000

4,123,633

(2,990,000

)

4,133,633

Changes in equity

Total comprehensive income

-

465,750

-

465,750

Balance at 31 March 2024

3,000,000

4,589,383

(2,990,000

)

4,599,383

Changes in equity

Reduction in share capital

(780,000

)

-

-

(780,000

)

Dividends

-

(1,050,000

)

-

(1,050,000

)

Total comprehensive income

-

5,084,016

-

5,084,016

Balance at 31 March 2025

2,220,000

8,623,399

(2,990,000

)

7,853,399

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

3,000,000

3,233,977

6,233,977

Changes in equity

Total comprehensive income

-

27,114

27,114

Balance at 31 March 2024

3,000,000

3,261,091

6,261,091

Changes in equity

Reduction in share capital

(780,000

)

-

(780,000

)

Dividends

-

(1,050,000

)

(1,050,000

)

Total comprehensive income

-

1,104,485

1,104,485

Balance at 31 March 2025

2,220,000

3,315,576

5,535,576

Cash flows from operating activities

Cash generated from operations

22

7,668,322

(56,784

)

Interest paid

(466

)

-

Tax paid

(1,204,576

)

(82,848

)

Net cash from operating activities

6,463,280

(139,632

)

Cash flows from investing activities

Purchase of intangible fixed assets

(206,626

)

(115,674

)

Purchase of tangible fixed assets

(417,754

)

(13,505

)

Interest received

30,408

15,265

Net cash from investing activities

(593,972

)

(113,914

)

Cash flows from financing activities

Amount introduced by directors

1,050,000

1,648,835

Amount withdrawn by directors

(1,015,596

)

(1,648,835

)

Capital reduction

(780,000

)

-

Equity dividends paid

(1,050,000

)

-

Net cash from financing activities

(1,795,596

)

-

Increase/(decrease) in cash and cash equivalents

4,073,712

(253,546

)

Cash and cash equivalents at beginning of year

23

670,458

924,004

Cash and cash equivalents at end of year

23

4,744,170

670,458

1.	STATUTORY INFORMATION

Hopton Trading Holdings 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Basis of consolidation

The consolidated accounts incorporate the accounts of Hopton Trading Holdings Limited and all of its subsidiary undertakings for the year.

The acquisition method of accounting was adopted for the acquisition of subsidiaries in the 2019 accounting period. Merger accounting was adopted in the 2018 accounting period to include the results of the trading subsidiary acquired as if it had always formed part of the group.

Goodwill arising on the acquisition of a business is the difference between the fair value of the consideration paid and the fair value of the assets and liabilities acquired. Goodwill arising on consolidation has been capitalised and is being written off to the profit and loss account evenly over its useful economic life of 10 years.

In the company's financial statements, investments in subsidiary undertakings are stated at cost less provisions for permanent diminution in valuations. Cost includes attributable expenses associated with the purchase of the investment.

Turnover

Turnover represents commissions and net invoiced sales of goods, excluding value added tax.

Commissions are recognised in the period in which it is earned.

Turnover from the sale of goods is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the previously agreed upon payment. These criteria are considered to be met when the goods are delivered to the buyer.

Intangible assets

Intangible fixed assets consists of franchise licence fees and are stated at historical cost less accumulated amortisation and any accumulated impairment losses.

Franchise licence fees are being amortised evenly over their estimated useful life of five years.

The assets' residual values, useful lives and amortisation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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

Freehold property

- 2% on cost

Fixtures and fittings

- 25% on reducing balance and 20% on cost

Computer equipment

- 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the profit and loss account.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is based on purchase invoice price on a first in first out basis and includes all associated direct costs.

At each reporting date, stock is assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete to sell. The impairment loss is recognised immediately in the profit and loss account.

Deferred tax

Deferred tax arises from timing differences that are differences between taxable total profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences and losses can be deducted.

Provision is made at current rates for taxation deferred in respect of all material timing differences.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term highly liquid investment with original maturities of three months or less.

Pension costs and other post-retirement benefits

The company operates a defined contribution plan for its employees and a separate scheme for the director. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Judgements in applying accounting policies and key sources of estimation

In the application of the group's accounting policies the directors are required to make judgement estimates and assumptions about the carrying amounts of the group's assets and liabilities. These are based on historical experience and other factors that are considered relevant and are reviewed on a regular basis and recognised in the period in which the estimate is revised. Actual results may differ from these estimates.

The following are the critical judgements and where relevant the key sources of estimation uncertainty:

Tangible fixed assets are depreciated over their useful economic lives taking into account their residual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing the asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual values consider such things as future market conditions, the remaining life of the asset and projected disposal values.

Goodwill arising on consolidation is amortised evenly over its estimated useful economic life having regard to the customer and product profiles. This is assessed annually and reviewed for any indications of impairment.

The recoverability of debtors is assessed on the likelihood and circumstances of the particular cost.

The value of stock is assessed for impairment. In re-assessing the stock value, factors such as slow movement and obsolescence are taken in to account.

3.

TURNOVER

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

Commissions made up £37,241,828 (2024 - £32,011,330) of the turnover figure. The balance relates to the sale of goods.

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

4,465,051

4,144,761

Social security costs

429,993

363,817

Other pension costs

91,797

80,456

4,986,841

4,589,034

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

2025

2024

Sales

132

145

Administration

7

8

Directors

1

1

140

154

2025

2024

£

£

Director's remuneration

75,047

52,179

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

1

1

5.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

54,321

71,817

Loss on disposal of fixed assets

1,221

-

Goodwill amortisation

402,000

402,000

Franchise licence fees amortisation

114,136

81,226

Auditors' remuneration

41,500

48,000

Auditors' remuneration for non-audit work

141,892

128,529

Operating lease payments

887,980

995,857

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Interest on taxation

466

-

7.

TAXATION

Analysis of the tax charge

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

2025

2024

£

£

Current tax:

UK corporation tax

1,840,000

315,000

Prior year adjustment

775

395

Total current tax

1,840,775

315,395

Deferred tax

(5,876

)

(11,955

)

Tax on profit

1,834,899

303,440

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

6,918,915

769,190

Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %)

1,729,729

192,298

Effects of:

Expenses not deductible for tax purposes

104,395

110,747

Prior year adjustment

775

395

Total tax charge

1,834,899

303,440

8.	INDIVIDUAL PROFIT AND LOSS ACCOUNT

As permitted by Section 408 of the Companies Act 2006, the Profit and Loss Account of the parent company is not presented as part of these financial statements.

9.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1.00 each

Interim

1,050,000

-

10.	INTANGIBLE FIXED ASSETS

Group

Franchise

licence

Goodwill

fees

Totals

£

£

£

COST

At 1 April 2024

4,019,903

424,873

4,444,776

Additions

-

206,626

206,626

Disposals

-

(24,420

)

(24,420

)

At 31 March 2025

4,019,903

607,079

4,626,982

AMORTISATION

At 1 April 2024

2,280,666

168,526

2,449,192

Amortisation for year

402,000

114,136

516,136

Eliminated on disposal

-

(23,199

)

(23,199

)

At 31 March 2025

2,682,666

259,463

2,942,129

NET BOOK VALUE

At 31 March 2025

1,337,237

347,616

1,684,853

At 31 March 2024

1,739,237

256,347

1,995,584