Scapes Group Limited

	Page
Strategic Report	1
Directors' Report	2—3
Independent Auditor's Report	4—5
Statement of Comprehensive Income	6
Balance Sheet	7
Statement of Changes in Equity	8
Statement of Cash Flows	9
Notes to the Statement of Cash Flows	10
Notes to the Financial Statements	11—15

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

Review of the Business

Scapes Group continues to operate as a provider of contract cleaning and gardening services and maintains a strong reputation in the market. The business remains profitable and cash generative, with robust customer and staff loyalty.

However, the group faced a significant challenge this year with a 12% drop in turnover, primarily due to the loss of a major long-term client on 31 March 2024. This has directly contributed to a £503,202 decrease in profit before tax, although the group has managed to maintain relatively stable gross profit margins over the past three years.

Despite this setback, the business is actively pursuing recovery and growth by focusing on securing new contracts and leveraging its solid operational foundation.

The results for the year and the financial position of the company are shown in the annexed financial statements. These show the results for the individual entity. The group results are shown in the consolidated financial statements for Goldring Holdings Ltd.

Key financial performance indicators

The key financial performance measure for Scapes Group is EBITDA and in the year ended 31st March 2025 this was £2.591m. The group's gross margin on our normal reporting basis is 18.6%. The group held £2.27m in cash at the year end. Net assets of the group were £5.476m at the end of the year.

Despite the decline in turnover and profit before tax, these key financial performance indicators reflect a group that remains financially sound with adequate liquidity and capital strength.

Principal Risks and Uncertainties

The directors have identified a key strategic risk:

Customer Concentration Risk: A limited number of key customers increases vulnerability to contract losses or non-renewals, impacting revenue and increasing bad debt exposure.

Mitigation Strategy:

Diversification of the customer base.

Target to ensure no single customer accounts for more than 10% of turnover.

Avoid contracts with clients contributing less than 1% of projected turnover.

Future Developments

Scapes Group is focusing on strategic growth by enhancing its service proposition and expanding within its existing geographic footprint (London and the Home Counties).

Key components of the outlook include:

Target Market: Communal residential areas (social housing, care homes, student accommodation).

Contract Profile: Multi-year (3+ years) agreements to ensure revenue stability.

Client Diversification: No client >10% of turnover; no target <1% of turnover.

Business Development Strategy:

o Formal tender/procurement responses.

o Direct sales and relationship-building initiatives.

o Proactive use of market intelligence.

This forward-looking approach aligns well with the group's aim to build resilience, maintain growth, and reduce risk exposure in future periods.

Conclusion

While the 2025 financial year presented notable challenges—most significantly the loss of a major customer—Scapes Group has responded with a structured strategic pivot. With a strong balance sheet, a clear go-to-market plan, and proactive risk management, the group is well-positioned to restore growth and enhance stability in the coming years.

On behalf of the board

D S Goldring

Director

2nd December 2025

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Scapes Group Limited

Company No. 12496684

Directors' Report For The Year Ended 31 March 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 March 2025.

Principal Activity

The company's principal activity continues to be that of a holding company.

Dividends

The value of dividends paid amounted to £833,650 .

The directors recommended a final dividend of £NIL .

Political Donations and Expenditure

Political donations amounted to £NIL .

Political expenditure amounted to £NIL .

Directors

The directors who held office during the year were as follows:

D S Goldring

P C Collis

H S Goldring

Matters covered in the Strategic Report

Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the directors consider them to be of strategic importance to the business.

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, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). 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 the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
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.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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Scapes Group Limited

Directors' Report (continued)

For The Year Ended 31 March 2025

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

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

On behalf of the board

D S Goldring

Director

2nd December 2025

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Independent Auditor's Report

to the Members of

Scapes Group Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Scapes Group Limited for the year ended 31 March 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

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/(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.

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 entity's ability to continue as a going concern for a period of at least 12 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 other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and 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 in relation to which 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 or 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.

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Independent Auditor's Report (continued)

to the Members of

Scapes Group Limited

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2—3, 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 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 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.

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.

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

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our experience of businesses of a similar size and nature, through discussion with the directors and other management, and from inspection of the company's regulatory and legal correspondence. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

•Owner managed businesses inherently carry a risk of management override, segregation of duties and departmental function is not always practically possible. Senior management of such a business are also in a position where internal controls may be overridden. Whilst our enquiry and observation procedures identify the effectiveness of internal controls, our audit has focused on substantive testing procedures to test transactions for evidence of misstatement, error or fraud.

•Significant transactions have been reviewed, in particular we evaluate the business rationale and seek to identify transactions or arrangements which appear unusual or outside the company's normal course of business.

•Internal controls in respect of access to cash and banking systems have been reviewed, observed and evaluated.

•We reviewed minutes of meetings of those charged with governance.

•We reviewed the financial statements and tested the disclosures against supporting information. Where appropriate we have made further enquiries with management or their professional advisors.

•We reviewed the assumptions and judgements used by management for any bias or significant changes compared to previous financial reporting periods. Where appropriate we compare the historical management assumptions and judgements to known outcomes in order to asses the validity of managements judgement.

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

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

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 that we are required to state to them in an auditor's 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.

P D Longstaff (Senior Statutory Auditor)

for and on behalf of Ellis Atkins , Statutory Auditor

2nd December 2025

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Scapes Group Limited

Statement of Comprehensive Income

For The Year Ended 31 March 2025

Statement of Comprehensive Income

		2025	2024
	Notes	£	£
Cost of sales		-	-

GROSS PROFIT		-	-

Administrative expenses		(45,605 )	(7,924 )
Other operating income		32,300	-

OPERATING LOSS		(13,305 )	(7,924 )
Income from Shares in group undertakings		1,332,670	1,663,822
Other interest receivable and similar income	6	25,790	1,954
Interest payable and similar charges	7	-	(3,958 )

PROFIT BEFORE TAXATION		1,345,155	1,653,894
Tax on Profit	8	(2,372 )	2,482

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		1,342,783	1,656,376
OTHER COMPREHENSIVE INCOME FOR THE YEAR		-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR		1,342,783	1,656,376

The notes on pages 10 to 15 form part of these financial statements.

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Scapes Group Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 12496684

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	9		6,295,653		6,295,653

			6,295,653		6,295,653
CURRENT ASSETS
Debtors	10	56,224		10,308
Cash at bank and in hand		1,068,075		196,029

		1,124,299		206,337
Creditors: Amounts Falling Due Within One Year	11	(3,387,234 )		(2,978,405 )

NET CURRENT ASSETS (LIABILITIES)			(2,262,935 )		(2,772,068 )

TOTAL ASSETS LESS CURRENT LIABILITIES			4,032,718		3,523,585

NET ASSETS			4,032,718		3,523,585

CAPITAL AND RESERVES
Called up share capital	12		88		88
Capital redemption reserve			12		12
Profit and Loss Account			4,032,618		3,523,485

SHAREHOLDERS' FUNDS			4,032,718		3,523,585

On behalf of the board

D S Goldring

Director

2nd December 2025

The notes on pages 10 to 15 form part of these financial statements.

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Scapes Group Limited

Statement of Changes in Equity

For The Year Ended 31 March 2025

Statement of Changes in Equity

	Share Capital	Capital Redemption	Profit and Loss Account	Total
	£	£	£	£
As at 1 April 2023	88	12	3,506,473	3,506,573
Profit for the year and total comprehensive income	-	-	1,656,376	1,656,376

Dividends paid	-	-	(1,639,364)	(1,639,364)

As at 31 March 2024 and 1 April 2024	88	12	3,523,485	3,523,585


Profit for the year and total comprehensive income	-	-	1,342,783	1,342,783

Dividends paid	-	-	(833,650)	(833,650)

As at 31 March 2025	88	12	4,032,618	4,032,718

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Scapes Group Limited

Statement of Cash Flows

For The Year Ended 31 March 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from/(used in) operations	1	363,902	(188,403 )
Interest paid		-	(3,958 )
Tax paid		-	(819 )

Net cash generated from/(used in) operating activities		363,902	(193,180 )

Cash flows from investing activities
Interest received		25,790	1,954
Dividends received		1,332,670	1,663,822

Net cash generated from investing activities		1,358,460	1,665,776

Cash flows from financing activities
Equity dividends paid		(833,650 )	(1,639,364 )
Amount introduced by directors		-	16,666
Amount withdrawn by directors		(16,666)	-

Net cash used in financing activities		(850,316 )	(1,622,698 )



Increase/(decrease) in cash and cash equivalents		872,046	(150,102 )
Cash and cash equivalents at beginning of year	2	196,029	346,131

Cash and cash equivalents at end of year	2	1,068,075	196,029

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Scapes Group Limited

Notes to the Statement of Cash Flows

For The Year Ended 31 March 2025

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from/(used in) operations

	2025	2024
	£	£
Profit for the financial year	1,342,783	1,656,376
Adjustments for:
Tax on profit	2,372	(2,482 )
Interest expense	-	3,958
Interest income	(25,790 )	(1,954 )
Income from shares in group undertakings	(1,332,670)	(1,663,822)
Movements in working capital:
Increase in trade and other debtors	(45,916 )	(10,258 )
Increase/(decrease) in trade and other creditors	423,123	(170,221 )

Net cash generated from/(used in) operations	363,902	(188,403 )

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	1,068,075	196,029

3. Analysis of changes in net funds

	As at 1 April 2024	Cash flows	As at 31 March 2025
	£	£	£
Cash at bank and in hand	196,029	872,046	1,068,075

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Scapes Group Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Scapes Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12496684 . The registered office is Coles Lane, Ockley, Dorking, Surrey, RH5 5HW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. Exemption From Preparing Consolidated Financial Statements

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

The company's results and that of its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Goldring Holdings Limited, Constable Court, 62 Dene Street, Dorking Surrey. RH4 2DP.

2.3. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

The company is a holding company and does not trade. The principal activity of the company is to hold investments in subsidiary companies who are in the contract cleaning and gardening business. In making the going concern assessment for the company, the directors have considered the going concern position of the group as a whole. These financial statements have been prepared on a going concern basis at the time of approving the financial statements, the directors have reasonable expectation that the group has adequate resources to continue to operate for the foreseeable future.

2.4. Investments

Investments in subsidiary undertakings are recognised at cost.

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Scapes Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Other Operating Income

	2025	2024
	£	£
Other operating income	32,300	-

	32,300	-

4. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	1,680	4,750

5. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

6. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	25,790	1,954
Dividends from shares in subsidiaries	1,332,670	1,663,822

	1,358,460	1,665,776

7. Interest Payable and Similar Charges

	2025	2024
	£	£
Interest payable to group undertakings	-	3,958

8. Tax on Profit

	Tax Rate		2025	2024
The tax charge/(credit) on the profit for the year was as follows:
	2025	2024	£	£
Current tax
UK Corporation Tax	19.0%	19.0%	2,372	(2,482 )


Total tax charge for the period			2,372	(2,482 )


The actual charge/(credit) for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:

...CONTINUED

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Scapes Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

	2025	2024
	£	£
Profit before tax	1,345,155	1,653,894

Tax on profit at 19% (UK standard rate)	255,579	413,474
Dividends from companies	(253,207 )	(415,956 )

Total tax charge for the period	2,372	(2,482)

9. Investments

	Subsidiaries
	£
Cost
As at 1 April 2024	6,295,653

As at 31 March 2025	6,295,653

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	6,295,653

As at 1 April 2024	6,295,653

Subsidiaries

Details of the company's subsidiaries as at 31 March 2025 are as follows:

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
Cleanscapes Limited	Coles Lane, Ockley, Dorking, Surrey. UK	£1 Ordinary	100.00%	-
Groundscapes Limited	Coles Lane, Ockley, Dorking, Surrey. UK	£1 Ordinary	100.00%	-
Bulkscapes Limited	Coles Lane, Ockley, Dorking, Surrey. UK	£1 Ordinary	100.00%	-
Pestscapes Limited	Coles Lane, Ockley, Dorking, Surrey. UK	£1 Ordinary	100.00%	-
Treescapes Limited	Coles Lane, Ockley, Dorking, Surrey. UK	£1 Ordinary	100.00%	-

The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows:

	Capital and Reserves	Profit/(loss)
	£	£
Cleanscapes Limited	5,900,159	845,059
Groundscapes Limited	1,800,006	487,674
Bulkscapes Limited	100	-
Pestscapes Limited	100	-
Treescapes Limited	1	-

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Scapes Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	4,714
Amounts owed by group undertakings	13,193	50
Other debtors	43,031	5,544

	56,224	10,308

11. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	19,690	2,801
Amounts owed to group undertakings	3,353,449	2,949,480
Other creditors	3,404	20,070
Corporation tax	2,372	-
Taxation and social security	-	154
Accruals and deferred income	8,319	5,900

	3,387,234	2,978,405

12. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
175,000 Ordinary A shares of £ 0.0001 each	18	18
669,375 Ordinary B shares of £ 0.0001 each	67	67
17,500 Ordinary C shares of £ 0.0001 each	2	2
13,125 Ordinary D shares of £ 0.0001 each	1	1

	88	88

13. Other Commitments

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

	2025	2024
	£	£
Not later than one year	10,500	10,500
Later than one year and not later than five years	8,750	19,250

	19,250	29,750

14. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	833,650	1,639,364

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Scapes Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

15. Controlling Parties

The company's immediate parent undertaking is Goldring Holdings Limited .

The ultimate parent undertaking is Goldring Holdings Limited (incorporated in England & Wales). Its registered office is Constable Court, 62 Dene Street, Dorking, Surrey. RH4 2DP UK .

Copies of the group accounts may be obtained from the company's registered office.

The company's ultimate controlling party is D S Goldring and H S Goldring by virtue of their interest in the share capital of the company.

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