For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

In accordance with FRS 102 Section 1A, the company has made a prior year adjustment to its financial statements for the year ended 30 June 2024. The adjustment is primarily due to the write off of an intercompany loan meaning other exceptional income was overstated. There were also withdrawals from a company bank account to a private account meaning that cash held was overstated. Reinstatement of this loan and removal of the cash has resulted in an adjustment to other debtors, cash at bank and a restatement of retained earnings. Other creditors and corporation tax control have also been adjusted.

The nature of the prior year adjustment is as follows:

1. Other Debtors: Other debtors has been updated to reflect the correct balance of the assets and liabilities belonging to the company.

2. Amounts Owed by Group Undertakings: Amounts owed by group undertakings has been updated to reflect the correct balance of the assets and liabilities belonging to the company.

3. Cash held: Cash held by the company has been updated to reflect the correct balance held by the company.

4. Retained Earnings: As a result of the adjustments to other exceptional income, retained earnings have been restated. This restatement reflects the correction of prior period errors and ensures the financial statements present a true and fair view.

5. Other Creditors: Other creditors have been updated to reflect the correct balance of the assets and liabilities belonging to the company.

6. Corporation Tax Control: Corporation tax has been updated to reflect the correct balance of the liabilities belonging to the company.

The effect of the prior year adjustment is reflected in the restated comparative figures, as follows:

The adjustments were made to ensure compliance with FRS 102 and to provide a more accurate representation of the company's financial position in the prior year.

The comparative figures for the prior year are presented in accordance with the adjustments described above, and no other changes to the company's accounting policies or financial statements for the current year have been made.