REGISTERED NUMBER: 02703091 (England and Wales)

Tulipland Potatoes Limited

Strategic Report, Directors' Report and

Audited Financial Statements

for the Year Ended 31 March 2025

Page

Company information

1

Strategic report

2

Directors' report

4

Report of the independent auditors

5

Statement of comprehensive income

9

Statement of financial position

10

Statement of changes in equity

11

Statement of cash flows

12

Notes to the statement of cash flows

13

Notes to the financial statements

14

Directors:

Miss J M Stanberry

Miss M Stanberry

Registered office:

Fengate

Moulton Chapel

Spalding

Lincolnshire

PE12 0XL

Registered number:

02703091 (England and Wales)

Auditors:

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

The directors present their strategic report for the year ended 31 March 2025.

Review of business

The company's principal activity is the supply of fresh potatoes to retailers, wholesalers, processors and food service providers.

The season started off with a continuation of high prices, increasing turnover significantly.

Our understanding, of the marketplace through the knowledge of key staff along with procuring quality product at a realistic price has enabled Tulipland Potatoes Limited to offer fixed prices and supply with confidence, for one, three and indeed six months, as the market is dictating. We continue to develop and maintain strong relationships with customers and suppliers who we have dealt with for many years.

Principal risks and uncertainties

The company's risk management process seeks to facilitate the early identification, evaluation and management of any significant operational risks facing the business to ensure adequate internal controls are in place to mitigate these risks. The key risks are reviewed annually by senior management.

Tulipland Potatoes Limited has a strong cash flow position which has allowed it to procure potatoes, giving farmers and other suppliers confidence that they will be paid. Debtors are monitored, monies chased regularly and payment patterns analysed.

Overheads continued to be closely monitored, especially as utility bills, insurance and wages all continue to increase.

Competition

The business operates in a highly competitive market. This could result in us not meeting all our customers' expectations. In order to mitigate this risk our senior managers and factory staff work closely with customers to ensure all deliveries are made to their expectations and timescales, and that quality and price requirements are met.

Expenditure

The company has had a number of years of capital expenditure predominantly to automate and keep packing costs to a manageable rate. Although, with factory floorspace now fully utilised it is virtually impossible to continue this trend and the company has recently concentrated on repairs, renewals and servicing as its priority in order to maintain its long-term operational capacity.

Crop traceability

The work involved in traceability etc continues to increase, as customers place more and more emphasis on full traceability of their products. This increased workload, involving significant technical data analysis, continues to be actively monitored by the company's dedicated members of staff and overviewed on a regular basis by the company's senior management to ensure the company is being as pro-active as possible in this area.

The company continues to retain is AA grade BRCGS Food Safety accreditation.

The impact of the company’s operations on the community and the environment

We operate within the agriculture sector so fully understand that it is important for the long-term future of our business that we protect and enhance our environment.

Our packhouse draws a large portion of its energy requirements from the solar panels on the roof. We are currently adding to these panels. The rest of the electricity the company uses comes from a company which specialises in the supply of green electricity.

As a family business we have always believed in engaging heavily with the local community and our charitable donations are a testament to this.

Employees and staff welfare

One of the greatest assets of the business continues to be its staff and the continuity of key colleagues, the company recognises this contribution in terms of staff welfare, training and benefits. Long serving members of staff remain the backbone of the company.

Looking forward we believe Tulipland Potatoes Limited is in a strong position to trade in any price structured market and its customer base is varied as is its supply base.

All aspects of the company look positive.

On behalf of the board:

Miss J M Stanberry - Director

5 September 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

Dividends

Interim dividends totalling £176,000 were paid during the year. No final dividend is to be paid.

The total distribution of dividends for the year ending 31 March 2025 will be £176,000.

Directors

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

Miss J M Stanberry

Miss M Stanberry

Statement of directors' responsibilities

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are 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 directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors

So far as the directors are 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 each director has taken all the steps that she ought to have taken as a director in order to make herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

On behalf of the board:

Miss J M Stanberry - Director

5 September 2025

Opinion

We have audited the financial statements of Tulipland Potatoes Limited (the 'company') for the year ended 31 March 2025 which comprise the Statement of comprehensive income, Statement of financial position, Statement of changes in equity, Statement of cash flows and Notes to the statement of cash flows, 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, except for the possible effects of matters described in the Basis for qualified opinion paragraph, the financial statements:

- give a true and fair view, seen as at the date the original financial statements were approved, of the state of the Company's affairs as at 31 March 2025 and of its profit for the period then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice seen as at the date the original financial statements were approved;

and

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

Basis for opinion

The company's financial statements were not required to be audited for the year end 31March 2024 and as such we did not attend the stock count and audit stock at 31 March 2024 and thus did not observe the counting of physical inventories at the end of that year. On our appointment as auditor for the year ended 31 March 2025 we were unable to satisfy ourselves by alternative means concerning only the existence and condition of stock of £251,509 held at 31 March 2024. Consequently, we were unable to determine whether any adjustment to this amount at 31 March 2024 was necessary or whether there was any consequential effect on the cost of sales for the year ended 31 March 2025.

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 qualified opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' 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 directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic report and the Directors' report, 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.

As described in the basis for qualified opinion section of our report, we were unable to satisfy ourselves by

alternative means concerning only the existence and condition of the stock of £251,509

held at 31 March 2024. We have concluded that where the other information refers to the stock and work in

progress at that date or related balances such as cost of sales, it may be materially misstated for the same

reason.

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

-	the Strategic report and the Directors' report 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 Directors' report.

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

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

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

-	certain disclosures of directors' remuneration specified by law are not made; or

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

Responsibilities of directors

As explained more fully in the Statement of directors' responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including such as the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions;

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims;

- reviewing correspondence with HMRC, relevant regulators and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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.

Heather Bright FCA (Senior Statutory Auditor)

for and on behalf of Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

5 September 2025

Turnover

17,868,237

13,860,948

Cost of sales

14,163,199

11,334,685

Gross profit

3,705,038

2,526,263

Administrative expenses

1,660,499

1,452,457

2,044,539

1,073,806

Other operating income

4,327

5,284

Operating profit

5

2,048,866

1,079,090

Interest receivable and similar income

100,009

64,781

2,148,875

1,143,871

Interest payable and similar expenses

6

3,770

-

Profit before taxation

2,145,105

1,143,871

Tax on profit

7

585,094

246,476

Profit for the financial year

1,560,011

897,395

Other comprehensive income

-

-

Total comprehensive income for the year

1,560,011

897,395

Fixed assets

Tangible assets

9

881,109

945,497

Investment property

10

253,673

-

1,134,782

945,497

Current assets

Stocks

11

267,800

251,509

Debtors

12

2,022,487

1,918,772

Investments

13

3,062,675

3,004,436

Cash at bank

3,787,087

2,655,942

9,140,049

7,830,659

Creditors

Amounts falling due within one year

14

1,781,182

1,671,473

Net current assets

7,358,867

6,159,186

Total assets less current liabilities

8,493,649

7,104,683

Provisions for liabilities

16

113,276

108,321

Net assets

8,380,373

6,996,362

Capital and reserves

Called up share capital

17

100

100

Non-distributable reserve

18

47,006

4,436

Retained earnings

18

8,333,267

6,991,826

Shareholders' funds

8,380,373

6,996,362

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

Miss J M Stanberry - Director

Miss M Stanberry - Director

Called up

share

Retained

Non-distributable

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

100

6,475,299

(200,432

)

6,274,967

Changes in equity

Profit for the year

-

897,395

-

897,395

Other comprehensive income

-

(204,868

)

204,868

-

Total comprehensive income

-

692,527

204,868

897,395

Dividends

-

(176,000

)

-

(176,000

)

Balance at 31 March 2024

100

6,991,826

4,436

6,996,362

Changes in equity

Profit for the year

-

1,560,011

-

1,560,011

Other comprehensive income

-

(42,570

)

42,570

-

Total comprehensive income

-

1,517,441

42,570

1,560,011

Dividends

-

(176,000

)

-

(176,000

)

Balance at 31 March 2025

100

8,333,267

47,006

8,380,373

Cash flows from operating activities

Cash generated from operations

1

1,849,919

911,441

Interest paid

(3,770

)

-

Tax paid

(318,089

)

(117,571

)

Net cash from operating activities

1,528,060

793,870

Cash flows from investing activities

Purchase of tangible fixed assets

(70,763

)

(18,950

)

Purchase of investment property

(262,306

)

-

Interest received

102,154

48,559

Net cash from investing activities

(230,915

)

29,609

Cash flows from financing activities

Amount introduced by directors

10,000

-

Amount withdrawn by directors

-

(60,420

)

Equity dividends paid

(176,000

)

(176,000

)

Net cash from financing activities

(166,000

)

(236,420

)

Increase in cash and cash equivalents

1,131,145

587,059

Cash and cash equivalents at beginning of year

2

2,655,942

2,068,883

Cash and cash equivalents at end of year

2

3,787,087

2,655,942

1.	Reconciliation of profit before taxation to cash generated from operations

2025

2024

£

£

Profit before taxation

2,145,105

1,143,871

Depreciation charges

132,132

149,269

Loss on disposal of fixed assets

3,020

18,784

Gain on revaluation of fixed assets

(58,239

)

(204,868

)

Finance costs

3,770

-

Finance income

(100,009

)

(64,781

)

2,125,779

1,042,275

(Increase)/decrease in stocks

(16,291

)

40,797

Increase in trade and other debtors

(107,227

)

(501,972

)

(Decrease)/increase in trade and other creditors

(152,342

)

330,341

Cash generated from operations

1,849,919

911,441

2.	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

3,787,087

2,655,942

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

2,655,942

2,068,883

3.	Analysis of changes in net funds

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank

2,655,942

1,131,145

3,787,087

2,655,942

1,131,145

3,787,087

Liquid resources

Current asset investments

3,004,436

58,239

3,062,675

3,004,436

58,239

3,062,675

Total

5,660,378

1,189,384

6,849,762

1.	Statutory information

Tulipland Potatoes 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 (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

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

Freehold property

-

2% on a straight line basis

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is reflected in non distribuatble reserves.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Defined contribution plans

The company operates a defined contribution pension scheme for some employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged as an expense in the period in which the related service is provided.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Investments

Investments are initially recorded at cost, and are subsequently revalued and are recorded at the fair value at the date of revaluation, as determined by reference to an active market.

4.	Employees and directors

2025

2024

£

£

Wages and salaries

871,387

857,571

Social security costs

92,372

89,578

Other pension costs

182,446

169,906

1,146,205

1,117,055

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

2025

2024

Directors

2

2

Administration

2

2

Operations

15

15

19

19

2025

2024

£

£

Directors' remuneration

183,320

188,490

5.	Operating profit

The operating profit is stated after charging:

2025

2024

£

£

Hire of plant and machinery

725

860

Other operating leases

13,853

18,289

Depreciation - owned assets

132,132

149,270

Loss on disposal of fixed assets

3,020

18,784

Auditors' remuneration

3,500

-

6.

Interest payable and similar expenses

2025

2024

£

£

HMRC interest

3,770

-

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

540,201

278,151

Corporation tax - earlier year

39,938

-

Total current tax

580,139

278,151

Deferred tax

4,955

(31,675

)

Tax on profit

585,094

246,476

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

2,145,105

1,143,871

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

536,276

285,968

Effects of:

Expenses not deductible for tax purposes

5,280

13,175

Capital allowances in excess of depreciation

(1,355

)

(20,992

)

Movement in deferred taxation

4,955

(31,675

)

Corporation tax - earlier year

39,938

-

Total tax charge

585,094

246,476

8.

Dividends

2025

2024

£

£

Ordinary shares shares of 1 each

Interim

176,000

176,000