REGISTERED NUMBER: 13064769 (England and Wales)

Strategic Report, Report of the Director and

Financial Statements for the Year Ended 31 March 2025

for

9 Cuisines Limited

Page

Company Information

1

Strategic Report

2

Report of the Director

3

Report of the Independent Auditors

4

Statement of Income and Retained Earnings

7

Statement of Financial Position

8

Statement of Cash Flows

9

Notes to the Financial Statements

10

DIRECTOR:

R D Khagram

REGISTERED OFFICE:

67 Park Royal Road

London

United Kingdom

NW10 7JJ

REGISTERED NUMBER:

13064769 (England and Wales)

AUDITORS:

Williams

Chartered Accountants

Statutory Auditors

Jade House

67 Park Royal Road

London

NW10 7JJ

The director presents his strategic report for the year ended 31 March 2025.

REVIEW OF THE COMPANY'S BUSINESS AND KEY PERFORMANCE INDICATORS

9 Cuisines Limited is a specialist manufacturer of fresh and frozen food to the airline and hotel industry in the UK. We source the most authentic ingredients mostly from local suppliers in order to maintain the high quality of our products. Quality, consistency and Customer satisfaction are paramount for us.

Our business has been functioning efficiently and profitably for a number of years. We employ well-qualified and experienced managers and staff and motivate them to be their best at all times. We follow very strict procedures in everything we do. Our client base is relatively small and we closely work with them, making sure they are happy with our performance.

Reported turnover for 2024/25 was £10,885,853 compared with £15,608,830 for 2023/24, a decrease of £4,722,977. The decrease in revenue was mainly due to a reduction in the number of end-users for our services. We have been presenting our products and services to certain new clients with similar requirements and have recently started negotiations of terms with them. We expect such additional agreements to increase our revenue in year 2025/26.

The gross profit margin during 2024/25 was 39% as compared to 31% for 2023/24, an increase of 8%. The company made an operating profit of £224,404 (2023/24: Profit £104,862 ) and profit after interest but before tax was £229,822 (2023/24: Profit £112,683).

The total net assets at 31 March 2025 were £243,042 (2023/24: £112,610). Our results in terms of Revenue and Net Profits were reasonable this year. However, we are continuing to make our best endeavours to win additional orders from our existing clients as well as gain new clients in the coming year.

All indications are that our revenue in the next financial year will be similar to this year but we are anticipating it to increase in the year 2026/27.

PRINCIPAL RISKS AND UNCERTAINTIES

Food supply contracts are usually signed for a relatively short period of time. 3 or 4 year contracts are common, which are terminable at any time with less than 6 months' notice. The Management works hard to maintain good relationship with the clients. Also, wherever possible, we try to reach out to the ultimate client to ensure consumer satisfaction.

Production Plants may break down needing major outlay of cash for repairs and renewals. Our Plant & Machinery are maintained to a high standard by our engineers to avoid such occurrence.

Labour costs are key to our business's profitability. It is possible the Government could increase the minimum wages and NI costs further in the coming year. We believe, if the relationship with the client is maintained, such costs could be passed on in the selling prices.

There is a no exposure on Finance Costs as the Company does not utilise any credit facilities. Our finances are managed carefully to avoid having to borrow from any bank or lending institutions. We foresee this healthy state to continue in the new year as well.

FUTURE DEVELOPMENT

The management is in close communication with other new clients who are in communication with us and are in the process of making the final decision. We anticipate this decision will take place during 2025/26. If the decision goes in our favour, we will be starting delivery from April 2026 and that would increase our revenue substantially.

ON BEHALF OF THE BOARD:

Director

24 December 2025

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

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2025.

DIRECTOR

R D Khagram held office during the whole of the period from 1 April 2024 to the date of this report.

OTHER MATTERS

Other items required under Schedule 7 of Companies Act 2006, to be disclosed in the Director's Report are set out in the Strategic Report

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 of 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 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 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. He is 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.

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 company'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 company's auditors are aware of that information.

AUDITORS

The auditors, Williams, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

R D Khagram - Director

24 December 2025

Opinion

We have audited the financial statements of 9 Cuisines Limited (the 'company') for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position, 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 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 Auditors' 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.

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 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 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 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 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, 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 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 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.

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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory framework applicable to the entity and identified that the principal risk of non-compliance related to tax legislation and breaches of health and safety regulations.

We considered the effect on the financial statements, due to any non-compliance.

We also considered those laws and regulations that have a direct impact on the financial statements, such as the Companies Act 2006. We evaluated the risks related to the management's manipulation of accounting entries, including journal entries, and accounting estimates, which could directly impact the financial statements.

Audit procedures performed included:

-

Discussions with management and company's accounting team, including whether they have knowledge of any actual, suspected or alleged fraud.

-

Performing procedures to address the risk of management override.

-

Audit testing included complete populations of certain transactions and balances, but typically involved audit sampling and a selection of a limited number of items for testing to enable us to draw a conclusion about the population from which the sample was selected.

-

Challenging assumptions made by management in their significant accounting estimates.

-

Identifying and testing journal entries.

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.

Denver Dias (Senior Statutory Auditor)

for and on behalf of Williams

Chartered Accountants

Statutory Auditors

Jade House

67 Park Royal Road

London

NW10 7JJ

24 December 2025

TURNOVER

3

10,885,853

15,608,830

Cost of sales

6,666,429

10,760,225

GROSS PROFIT

4,219,424

4,848,605

Distribution costs

155,674

281,428

Administrative expenses

3,839,346

4,462,315

3,995,020

4,743,743

OPERATING PROFIT

5

224,404

104,862

Interest receivable and similar income

5,446

7,821

229,850

112,683

Interest payable and similar expenses

7

28

-

PROFIT BEFORE TAXATION

229,822

112,683

Tax on profit

8

99,390

78,175

PROFIT FOR THE FINANCIAL YEAR

130,432

34,508

Retained earnings at beginning of year

111,610

1,877,102

Dividends

9

-

(1,800,000

)

RETAINED EARNINGS AT END OF YEAR

242,042

111,610

FIXED ASSETS

Tangible assets

10

701,307

1,094,227

CURRENT ASSETS

Stocks

11

190,050

397,576

Debtors

12

1,531,073

810,221

Cash at bank and in hand

65,632

639,190

1,786,755

1,846,987

CREDITORS

Amounts falling due within one year

13

2,097,408

2,638,285

NET CURRENT LIABILITIES

(310,653

)

(791,298

)

TOTAL ASSETS LESS CURRENT LIABILITIES

390,654

302,929

PROVISIONS FOR LIABILITIES

14

147,612

190,319

NET ASSETS

243,042

112,610

CAPITAL AND RESERVES

Called up share capital

15

1,000

1,000

Retained earnings

16

242,042

111,610

SHAREHOLDERS' FUNDS

243,042

112,610

The financial statements were approved by the director and authorised for issue on 24 December 2025 and were signed by:

R D Khagram - Director

Cash flows from operating activities

Cash generated from operations

17

(354,002

)

(112,767

)

Interest paid

(28

)

-

Tax paid

(77,395

)

(357,219

)

Net cash from operating activities

(431,425

)

(469,986

)

Cash flows from investing activities

Purchase of tangible fixed assets

(148,208

)

(415,904

)

Interest received

5,446

7,821

Net cash from investing activities

(142,762

)

(408,083

)

Cash flows from financing activities

Amount introduced by directors

-

567,456

Credit Cards

629

(3,562

)

Equity dividends paid

-

(1,800,000

)

Net cash from financing activities

629

(1,236,106

)

Decrease in cash and cash equivalents

(573,558

)

(2,114,175

)

Cash and cash equivalents at beginning of year

18

639,190

2,753,365

Cash and cash equivalents at end of year

18

65,632

639,190

1.	STATUTORY INFORMATION

9 Cuisines 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 company information page.

The presentation currency of the financial statements is the Pound sterling (£) and rounded to the nearest pound.

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.

Going concern

At the balance sheet date, the company's current liabilities exceeded its current assets. The company has received assurance from the director that he will continue to give financial support to the company for twelve months from the date of signing these financial statements.

On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might be necessary should this basis not continue to be appropriate.

Turnover

The company is a specialist manufacturer of fresh and frozen food products for the airline and hotel industry in the UK.

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets

Tangible fixed assets under the cost model 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 on following basis:

Improvements to property

- 25% on cost

Plant & machinery

- 25% on cost

Motor Vehicles

- 25% 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less cost to complete and sell.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling prices less cost to complete and sell is recognised as an impairment loss in profit or loss.

Stock relates to Food and Beverages.

Financial instruments

Financial assets and financial liabilities are recognised in the company's Statements of Financial Position when the company becomes a party to the contractual provisions of the instrument. When financial assets are recognised initially, they are measured at fair value, being the transaction price plus, in the case of financial assets not at fair value through profit or loss, directly attributable transaction costs. Financial assets are derecognised when the company no longer has the rights to cash flows, the risks and rewards of ownership or control of assets. Financial liabilities are derecognised when the obligation under the liability is discharged, cancelled or expires. The subsequent measurement of financial assets depends on their classification.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affect both current and future periods.

3.

TURNOVER

Turnover arises from:

31.03.2025

31.03.2024

£

£

Sale of goods

10,885,853

15,608,830

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

4.	EMPLOYEES AND DIRECTORS

31.3.25

31.3.24

£

£

Wages and salaries

3,163,241

4,267,702

Social security costs

255,380

326,114

Other pension costs

67,136

84,126

3,485,757

4,677,942

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

31.3.25

31.3.24

Employees and Directors

116

168

31.3.25

31.3.24

£

£

Director's remuneration

-

-

5.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

£

Hire of plant and machinery

27,651

26,816

Depreciation - owned assets

541,128

532,562

6.	AUDITORS' REMUNERATION

31.3.25

31.3.24

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

11,500

12,500

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.3.25

31.3.24

£

£

Bank interest

28

-

8.

TAXATION

Analysis of the tax charge

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

31.3.25

31.3.24

£

£

Current tax:

UK corporation tax

165,032

77,398

Deferred taxation

(65,642

)

777

Tax on profit

99,390

78,175

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:

31.3.25

31.3.24

£

£

Profit before tax

229,822

112,683

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

57,456

28,171

Effects of:

Expenses not deductible for tax purposes

2,415

-

Depreciation in excess of capital allowances

105,161

49,227

Origination and reversal of timing differences

(65,642

)

777

Total tax charge

99,390

78,175

9.

DIVIDENDS

31.3.25

31.3.24

£

£

Ordinary shares shares of £1 each

Interim - paid

-

1,800,000

10.	TANGIBLE FIXED ASSETS

Improvements

to

Plant &

Fixtures

Motor

property

machinery

& fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

800,000

703,143

412,698

335,309

2,251,150

Additions

38,748

12,745

96,715

-

148,208

At 31 March 2025

838,748

715,888

509,413

335,309

2,399,358

DEPRECIATION

At 1 April 2024

650,000

290,762

102,665

113,496

1,156,923

Charge for year

158,073

173,887

125,341

83,827

541,128

At 31 March 2025

808,073

464,649

228,006

197,323

1,698,051

NET BOOK VALUE

At 31 March 2025

30,675

251,239

281,407

137,986

701,307

At 31 March 2024

150,000

412,381

310,033

221,813

1,094,227

11.

STOCKS

31.3.25

31.3.24

£

£

Stocks

190,050

397,576

12.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

869,756

150,128

Purchase Ledger payment on acc

38,563

57,585

Other debtors

247,528

200,410

VAT account

92,831

72,574

Prepayments and accrued income

282,395

329,524

1,531,073

810,221

13.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Credit Cards

23,571

16,423

Trade creditors

627,251

509,033

Sales Rebate Creditors

214,429

613,104

Taxation

165,035

77,398

Social security and other taxes

48,599

63,344

RDK International (54) Limited

275,000

844

Sales Ledger Payment on Acc.

11,564

-

Payments in advance

-

556,100

Other Creditors

11,057

17,599

Directors' current accounts

538,001

567,456

Accrued expenses

182,901

216,984

2,097,408

2,638,285

14.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred taxation

124,677

190,319

Other provisions

22,935

-

147,612

190,319

Deferred

Other

tax

provisions

£

£

Balance at 1 April 2024

190,319

-

Provided during year

(65,642

)

22,935

Balance at 31 March 2025

124,677

22,935

Tax effect of timing differences in respect of accelerated capital allowances.

15.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1,000

Ordinary shares

£1

1,000

1,000

16.

RESERVES

Retained

earnings

£

At 1 April 2024

111,610

Profit for the year

130,432

At 31 March 2025

242,042

17.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.3.25

31.3.24

£

£

Profit before taxation

229,822

112,683

Depreciation charges

541,127

532,563

Finance costs

28

-

Finance income

(5,446

)

(7,821

)

765,531

637,425

Decrease in stocks

207,526

206,721

(Increase)/decrease in trade and other debtors

(720,852

)

116,507

Decrease in trade and other creditors

(606,207

)

(1,073,420

)

Cash generated from operations

(354,002

)

(112,767

)

18.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

65,632

639,190

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

639,190

2,753,365

19.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank and in hand

639,190

(573,558

)

65,632

639,190

(573,558

)

65,632

Total

639,190

(573,558

)

65,632

20.	DEFINED CONTRIBUTION PENSION PLANS

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £67,136 (2024: £84,126).

The company operates a defined contribution pension plan. The assets of the plan are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund.

21.	COMMITMENTS UNDER OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

31.3.2025

31.3.2024

£

£

Not later than 1 year

553,712

165,909

Later than 1 year and not later than 5 years

1,613,180

127,500

Later than 5 years

1,680,396

-

3,847,288

293,409