Ashford Riverside Park Limited 31/03/2025 iXBRL

Company registration number: 10242621

Ashford Riverside Park Limited

Financial statements

31 March 2025

Ashford Riverside Park Limited

Contents

Directors and other information

Strategic report

Director's report

Independent auditor's report to the members

Profit & loss account

Balance sheet

Statement of cash flows

Notes to the financial statements

Ashford Riverside Park Limited

Directors and other information


	Director	G M El-Kassir


	Company number	10242621


	Registered office	7200 The Quorum
		Oxford Business Park North
		Oxford
		OX4 2JZ


	Auditor	Cox Hinkins Audit Services Limited
		The Old Dairy
		12 Stephen Road
		Headington
		Oxford
		OX3 9AY

Ashford Riverside Park Limited

Strategic report

Year ended 31st March 2025

Fair review of the business

We aim to present a balanced and comprehensive review of the development and performance of the business during the year and its position at the year end. Our review is consistent with the size and non-complex nature of our business and is written in the context of the risks and uncertainties we face.

Business development and performance

The company is part of the GRE Capital Group and its principal activity is the development for resale of a site at Ashford in Kent.

Construction of the site completed during the year ended 31 March 2024 and all properties were transferred out of the company during the current year ended 31 March 2025. The financial performance of the company resulted in a loss for the year of £38,950. The company had net liabilities at the year end of £1,239,387 due to deposits received from investors in respect of uncompleted property sales.

Completion of the site has further enhanced the reputation of the GRE Capital Group within the property development market and the future activities of the company are under consideration by the director.

Financial instruments

The operations of the business are primarily financed from investor deposits and supported by short and medium term borrowings. The business is exposed to foreign currency exchange rates with the risk shared by fellow group companies as managed by the parent undertaking of the group.

Principal risks and uncertainty

The activities of the business expose it primarily to changes in the property market, however adequate controls are in place to mitigate these risks. The Group's property development activities are geographically diversified within the UK and into Europe. The Board regularly reviews and updates the forecasted performance of the Group in conjunction with a detailed cash flow model.

The management of the company takes professional advice as necessary to ensure compliance with all the legal obligations of the company.

The management of the company regularly reviews the appropriate actions required to ensure that business activities will continue in the event of unforeseen events affecting IT, communication and/or logistical systems.

Environment sustainability

The GRE Capital Group believes that having a thorough understanding of local socio-economic trends and the environment ensures that developments are designed and delivered to meet the current and future needs of customers, the community and all stakeholders.

Health and safety

The company has not had any recorded incidents or fatalities and we continue to place a top priority on health and safety. Health and safety is a major consideration when selecting contractors for our development sites and all regulatory requirements and recommended best practices are tracked and monitored very closely.

People

Our vision is to engage with positive, proactive and dynamic people who are committed to the business which we believe provide the best platform from which to deliver an excellent investor service and strong financial returns.

This report was approved by the board of directors on 23rd December 2025 and signed on behalf of the board by:

G M El-Kassir

Director

Ashford Riverside Park Limited

Director's report

Year ended 31st March 2025

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

Director

The director who served the company during the year was as follows:

G M El-Kassir

Dividends

The director does not recommends the payment of a dividend.

Future developments

The likely future development of the business is included within the preceding strategic report.

Financial instruments

The company only enters into basic financial instruments transactions. details of the basis for their recognition and measurement are provided in the accouting policies within the notes to the financial statements.

Director's responsibilities statement

The director is responsible for preparing the strategic report, director's report 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 profit or loss of the company for that period.

In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- 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 transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him 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.

Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

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

The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

This report was approved by the board of directors on 23 December 2025 and signed on behalf of the board by:

G M El-Kassir

Director

Ashford Riverside Park Limited

Independent auditor's report to the members of

Ashford Riverside Park Limited

Year ended 31st March 2025

Opinion

We have audited the financial statements of Ashford Riverside Park Limited (the 'company') for the year ended 31st March 2025 which comprise the Profit & loss account, Balance sheet, statement of cash flows 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 FRS 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 31st March 2025 and of its loss 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 these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Material uncertainty related to going concern

In forming our opinion on the financial statements, which is not modified, we have considered the adequacy of the disclosures made in note 3 to the financial statements concerning the company's ability to continue as a going concern.

As described in note 3 to the financial statements, the director has considered the likelihood of the group recovering its marketing advance by securing sufficient future joint projects with its marketing agent. The going concern assessment of the company is linked to the going concern of the group due to its loans to and from other group companies, as described in notes 12 and 13 to the financial statements. Given the risks associated with securing viable construction projects, the director has drawn attention to this in disclosing a material uncertainty relating to going concern in the basis of preparation within note 3 to the financial statements.

The existence of a material uncertainty may cast significant doubt about the ability of the company to continue as a going concern. The financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The director is responsible for the other information. 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 strategic report and the director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the director's report has 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the director's 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 the 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 directors

As explained more fully in the director's responsibilities statement, 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 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 director is 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 director either intends to liquidate the company or to cease operations, or has 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. 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. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Based on our understanding of the company and industry, we identified the laws and regulations central to the operation of the company 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 financial statements such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements, including the risk of override of controls.Having assessed the risks of material misstatement in the financial statements as above, our resultant audit procedures performed included:- Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulation and fraud;- Reviewing the controls set in place by management;- Identifying and reviewing journal entries to ensure that we understood the reasoning behind them, particularly those which appear to be unusual or outside the normal course of business;- Assessing management assumptions with regard to accounting estimates for any indications of a potential bias;- Selecting a sample of transactions and tracing to documentation to establish that they are bonafide business transactions; and- Designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing.Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting irregularities due to fraud is greater than irregularities due to error, as fraud may involve intentional concealment by, for example, forgery, misrepresentation or collusion.There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit, we also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the director. - Conclude on the appropriateness of the director's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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 auditors 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.

Rodney Mark Morgan (Senior Statutory Auditor)

For and on behalf of

Cox Hinkins Audit Services Limited

Chartered Accountants and Statutory Auditors

The Old Dairy

12 Stephen Road

Headington

Oxford

OX3 9AY

23 December 2025

Ashford Riverside Park Limited

Profit & loss account

Year ended 31st March 2025

		2025	2024
	Note	£	£


Turnover	4	3,569,090	14,578,392

Cost of sales		( 5,213,603)	( 17,374,220)
		_______	_______
Gross loss		( 1,644,513)	( 2,795,828)

Administrative expenses		( 79,291)	( 315,687)
Other operating income	5	1,706,894	3,394,131
		_______	_______
Operating (loss)/profit	6	( 16,910)	282,616

Other interest receivable and similar income	8	6,301	15,769
Interest payable and similar expenses	9	( 28,341)	( 372,231)
		_______	_______
Loss before taxation		( 38,950)	( 73,846)

Tax on loss	10	-	-
		_______	_______
Loss for the financial year and total comprehensive income		( 38,950)	( 73,846)

Retained earnings at the start of the year		( 1,200,447)	( 1,126,601)
		_______	_______
Retained earnings at the end of the year		( 1,239,397)	( 1,200,447)
		_______	_______

Ashford Riverside Park Limited

Balance sheet

31st March 2025

		2025		2024
	Note	£	£	£	£

Current assets
Stocks	11	-		874,694
Debtors	12	36,571,580		52,187,281
Cash at bank and in hand		147		55,364
		_______		_______
		36,571,727		53,117,339
Creditors: amounts falling due
within one year	13	( 37,811,114)		( 54,317,776)
		_______		_______
Net current liabilities			( 1,239,387)		( 1,200,437)

			_______		_______
Net liabilities			( 1,239,387)		( 1,200,437)
			_______		_______

Capital and reserves
Called up share capital	15		10		10
Profit and loss account	16		( 1,239,397)		( 1,200,447)
			_______		_______
Shareholders deficit			( 1,239,387)		( 1,200,437)
			_______		_______

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

G M El-Kassir

Director

Company registration number: 10242621

Ashford Riverside Park Limited

Statement of cash flows

Year ended 31st March 2025

	2025	2024
	£	£

Cash flows from operating activities
Loss for the financial year	( 38,950)	( 73,846)

Adjustments for:
Other interest receivable and similar income	( 6,301)	( 15,769)
Interest payable and similar expenses	28,341	372,231
Accrued expenses/(income)	( 1,736,676)	( 3,406,589)

Changes in:
Stocks	1,874,694	2,800,059
Trade and other debtors	33,964	74,795
Trade and other creditors	( 553,668)	( 595,197)
	_______	_______
Cash generated from operations	( 398,596)	( 844,316)

Interest paid	( 28,341)	( 372,231)
Interest received	6,301	15,769
	_______	_______
Net cash used in operating activities	( 420,636)	( 1,200,778)
	_______	_______


Cash flows from financing activities
Proceeds from borrowings	( 1,807,012)	( 9,164,770)
Proceeds from loans from group undertakings	2,172,431	10,389,673
	_______	_______
Net cash from financing activities	365,419	1,224,903
	_______	_______

Net increase/(decrease) in cash and cash equivalents	( 55,217)	24,125
Cash and cash equivalents at beginning of year	55,364	31,239
	_______	_______
Cash and cash equivalents at end of year	147	55,364
	_______	_______

Ashford Riverside Park Limited

Notes to the financial statements

Year ended 31st March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 7200 The Quorum, Oxford Business Park North, Oxford, OX4 2JZ. There was no significant change in the company's principal activity during the year which continued to be property development and resale.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

These financial statements have been prepared on a going concern basis. At 31st March 2025, the company was owed £17,239,043 by and owed £502,479 to other members of the group. The recoverability of the monies owed and the ability of other group companies to provide continued financial support is dependent on the group continuing as a going concern.The group has advanced £50.5m to its marketing agent that is due to be recovered against marketing costs on future joint projects. The ability of the group to recover the marketing advance by securing sufficient future joint projects with its marketing agent will depend on many factors including land availability, construction costs, interest rates and demand for housing, either to buy or rent. These risks are inherent to the industry, which is also sensitive to changes in the general economic climate and represent a material uncertainty that may cast significant doubt on the recovery of the debt and the group's ability to continue as a going concern. Having assessed the current project pipeline, the principal risks and having regard for the above, the director considers it appropriate to continue to adopt the going concern basis of accounting in preparing these financial statements. Therefore these financial statements do not include any adjustments that would result if the going concern basis of preparation was inappropriate.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The accounting estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.The main judgement included within the financial statements relates to the valuation of work in progress within stock. In applying the accounting policy for the valuation of work in progress, the director is required to assess the expected selling price and costs to sell each of the units that constitute the work in progress. Cost includes the cost of acquisition and construction, legal and professional fees incurred during development prior to sale and cost of finance incurred to fund the construction. Estimation of selling price is subject to significant inherent uncertainties including, in particular, the prediction of future trends in market values.Whilst the director exercises due care and attention to make reasonable estimates, taking into account all available information in estimating the future selling prices, the estimates will, in all likelihood, differ from actual selling prices achieved in future periods and these differences may, in certain circumstances, be very significant.The accounting estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for properties sold, net of discounts and Value Added Tax. Revenue from the sale of properties is recognised when the significant risks and rewards of ownership have transferred to the buyer; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is not recognised in respect of any timing differences at the reporting date as all are insignificant.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. Net realisable value represents the estimated selling price less all estimated costs of completion and costs to be incurred in marketing and selling.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities. The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties. Financial assets that are measured at cost and amortised and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

4. Turnover

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Other operating income

	2025	2024
	£	£
Rental income	16,840	91,056
Other operating income	1,690,054	3,303,075
	_______	_______
	1,706,894	3,394,131
	_______	_______

6. Operating loss

Operating loss is stated after charging/(crediting):

	2025	2024
	£	£
Foreign exchange differences	65,574	93,127
Fees payable for the audit of the financial statements	5,700	6,265
	_______	_______

7. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: Nil).

8. Other interest receivable and similar income

	2025	2024
	£	£
Other interest receivable and similar income	6,301	15,769
	_______	_______

9. Interest payable and similar expenses

	2025	2024
	£	£
Other loans	28,341	372,231
	_______	_______

10. Tax on loss

Reconciliation of tax expense

The tax assessed on the loss for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 19.00 % (2024: 19.00%).

	2025	2024
	£	£
Loss before taxation	( 38,950)	( 73,846)
	_______	_______

Loss multiplied by rate of tax	( 7,401)	( 14,031)
Tax losses surrendered or carried forward	7,401	14,031
	_______	_______
Tax on loss	-	-
	_______	_______

11. Stocks

	2025	2024
	£	£
Work in progress	-	1,874,694
Impairment provision	-	( 1,000,000)
	_______	_______
	-	874,694
	_______	_______

12. Debtors

	2025	2024
	£	£
Trade debtors	2,150	3,913
Amounts owed by group undertakings	17,239,043	33,551,551
Prepayments and accrued income	19,328,710	18,597,939
Other debtors	1,677	33,878
	_______	_______
	36,571,580	52,187,281
	_______	_______

13. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other loans	-	1,807,012
Trade creditors	17,452	76,094
Amounts owed to group undertakings	502,479	14,642,556
Accruals and deferred income	5,850	11,755
Other creditors	37,285,333	37,780,359
	_______	_______
	37,811,114	54,317,776
	_______	_______

Other loans comprise project financing which is secured on the assets of the company.

14. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£
Financial assets that are debt instruments measured at amortised cost
Trade debtors	2,150	3,913
Other debtors	17,240,720	33,585,429
Cash at bank and in hand	147	55,364
	_______	_______
	17,243,017	33,644,706
	_______	_______

Financial liabilities measured at amortised cost
Other loans	(-)	1,807,012
Trade creditors	17,452	76,094
Other creditors	37,787,812	52,422,915
	_______	_______
	37,805,264	54,306,021
	_______	_______

15. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares of £ 1.00 each	10	10	10	10
	_______	_______	_______	_______

16. Reserves

The profit and loss account reserve records retained earnings and accumulated losses.

17. Analysis of changes in net debt

	At 1 April 2024	Cash flows	At 31 March 2025
	£	£	£
Cash and cash equivalents	55,364	(55,217)	147
Debt due within one year	(16,449,568)	15,947,089	(502,479)
	_______	_______	_______
	( 16,394,204)	15,891,872	( 502,332)
	_______	_______	_______

18. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Services provided by related parties	72,548	10,135	( 676,127)	( 523,800)
Services provided to related parties	-	-	-	-
	_______	_______	_______	_______

19. Controlling party

The company is under the control of GRE Capital Ltd, a company incorporated in England & Wales, which owns 100% of the issued share capital. GRE Capital Ltd prepares consolidated financial statements for the group.