REGISTERED NUMBER: 08093380 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024

FOR

ABION UK LIMITED

PREVIOUSLY KNOWN AS

LANE IP LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Profit and Loss Account and Retained Earnings

8

Balance Sheet

9

Cash Flow Statement

10

Notes to the Cash Flow Statement

11

Notes to the Financial Statements

12

DIRECTORS:

S J Lane

M McAleer

J Knudsen

R P O Berhof

REGISTERED OFFICE:

33 Gutter Lane

London

EC2V 8AS

REGISTERED NUMBER:

08093380 (England and Wales)

AUDITORS:

Barrow LLP

Registered Auditors

Jackson House

Station Road

Chingford

London

E4 7BU

The directors present their strategic report for the period 1 July 2023 to 31 December 2024.

REVIEW OF BUSINESS

Abion UK Limited, previously known as Lane IP Limited, was acquired by Abion Holding Limited on 1 June 2024. The company's ultimate parent company is Top Armbel Holding AB, a Company registered in Sweden.

The previous financial reporting period was 1 July 2022 to 30 June 2023. The current financial reporting period was extended from 30 June 2024 to 31 December 2024. Therefore the comparable amounts in the 2023 within these financial statements are not entirely comparable. The year-end has been changed in order to align with the reporting period of the global group parent company.

The company provides a wide range of Intellectual Property Services to its clients who are based around the world.

Since inception in 2012 it has shown consistent growth, both in terms of number of clients and revenue.

The Directors are pleased with the results for the year, profit before taxation of £2.4m, which is continuing the consistent, even with substantial cost increases.

The Company has continued to trade well in 2024 even with the uncertainty in the UK markets and its International offices continuing to contribute to that growth.

PRINCIPAL RISKS AND UNCERTAINTIES

The principle risks and uncertainties affecting the company include the following:

Foreign currency exchange rates

The Company is exposed to foreign currency exchange rate risks due to a significant amount of its suppliers being overseas agents.

New and Amended Legislation

The Directors and Managers within the business monitor current and potential future legislation and regularly attend seminars to ensure that the Company is compliant and are able to advise its clients effectively.

Employees

The Company maintains a regular and consistent dialog with its employees to ensure that all training needs are met, and staff retention is maximised. The business has a flexible working policy to allow its employees to find the work life balance that best suits them and the business.

Market risk

The Intellectual Property market is exposed to global economic factors that can affect local markets or worldwide as are most other businesses, however with its broad and varied client base the Company believes it can minimise these risks.

OPPORTUNITIES

The Company continues to add clients from a broad industry base and from a wide geographical market.

KEY PERFORMANCE INDICATORS

The directors are of the opinion that the main key performance indicators used within the business are portfolio analysis, customer satisfaction, billable hours, recovery percentage and margins, together with the administrative and operational performance at each contract level.

ON BEHALF OF THE BOARD:

R P O Berhof - Director

31 December 2025

The directors present their report with the financial statements of the company for the period 1 July 2023 to 31 December 2024.

CHANGE OF NAME

The company passed a special resolution on 7 June 2024 changing its name from Lane IP Limited to Abion UK Limited.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of providing legal services in relation to publishing patents.

DIVIDENDS

An interim dividend of 667,100 per share was paid on 30 May 2024. The directors recommend that no final dividend be paid.

The total distribution of dividends for the period ended 31 December 2024 will be £ 6,671,000 .

DIRECTORS

The directors during the period under review were:

S J Lane

- appointed 14.6.24

N Clare

- resigned 1.6.24

B R Marshall

- resigned 1.6.24

M Jonsson

- appointed 1.6.24

M Bonde

- appointed 1.6.24

M McAleer

- appointed 7.8.24

The directors holding office at 31 December 2024 did not hold any beneficial interest in the issued share capital of the company at date of appointment or 31 December 2024.

J Knudsen and R P O Berhof were appointed as directors after 31 December 2024 but prior to the date of this report.

M Bonde and M Jonsson ceased to be directors after 31 December 2024 but prior to the date of this report.

DIRECTORS' INDEMNITY

As permitted by the Articles of Association, the directors have the benefit of an indemnity which is a qualifying third party indemnity provision as defined by Section 234 of the Companies Act 2006. The indemnity was in force throughout the last financial year and is currently in force. The company also maintained Directors' and Officers' liability insurance during the year in respect of itself and its directors.

DISCLOSURE IN THE STRATEGIC REPORT

In accordance with section 414C(11) of Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 the Strategic Report preceding the Directors’ Report includes information that would have formerly been included in the financial risk management objectives and policies and future developments sections of the Directors’ Report.

DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the Strategic Report, the Report of the Directors 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 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.

ON BEHALF OF THE BOARD:

R P O Berhof - Director

31 December 2025

Opinion

We have audited the financial statements of Abion UK Limited (the 'company') for the period ended 31 December 2024 which comprise the Profit and Loss Account and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Cash Flow Statement, 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 December 2024 and of its profit for the period 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 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 Report of the Directors, 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 Directors 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 Directors 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 Directors.

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 Directors' Responsibilities Statement set out on pages three and 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.

Extent to which the audit was capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. 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. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We have addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the Members that presented a risk of material misstatement due to fraud.

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company which were contrary to applicable laws and regulations, including fraud. These included but were not limited to compliance with Companies Act 2006, the accounting standards, the Financial Conduct Authority's and tax regulations.

We focused on laws and regulations that could give rise to material misstatement in the financial statements. Our tests included, but were not limited to:

- Agreement of the financial statement disclosures to underlying supporting documentation;

- Enquiries of management, the company directors, and those responsible for legal and compliance procedures.; and

- Review of the minutes of board meetings throughout the period.

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.

Glenn Armon-Jones (Senior Statutory Auditor)

for and on behalf of Barrow LLP

Registered Auditors

Jackson House

Station Road

Chingford

London

E4 7BU

31 December 2025

TURNOVER

5

25,269,606

15,855,443

Cost of sales

(14,401,803

)

(8,905,752

)

GROSS PROFIT

10,867,803

6,949,691

Administrative expenses

(8,446,172

)

(4,580,037

)

2,421,631

2,369,654

Other operating income

65,000

65,000

OPERATING PROFIT

7

2,486,631

2,434,654

Income from shares in group undertakings

120,258

-

Interest receivable and similar income

2,027

1,648

2,608,916

2,436,302

Interest payable and similar expenses

8

(161,052

)

(84,002

)

PROFIT BEFORE TAXATION

2,447,864

2,352,300

Tax on profit

9

(587,692

)

(474,272

)

PROFIT FOR THE FINANCIAL PERIOD

1,860,172

1,878,028

Retained earnings at beginning of period

6,199,460

4,321,432

Dividends

10

(6,671,000

)

-

RETAINED EARNINGS AT END OF PERIOD

1,388,632

6,199,460

FIXED ASSETS

Tangible assets

11

36,901

35,427

Investments

12

42,395

-

79,296

35,427

CURRENT ASSETS

Stocks

13

1,193,768

1,632,324

Debtors

14

6,003,670

12,846,941

Cash at bank and in hand

1,579,791

277,934

8,777,229

14,757,199

CREDITORS

Amounts falling due within one year

15

(7,458,568

)

(7,675,038

)

NET CURRENT ASSETS

1,318,661

7,082,161

TOTAL ASSETS LESS CURRENT LIABILITIES

1,397,957

7,117,588

CREDITORS

Amounts falling due after more than one year

16

-

(916,667

)

PROVISIONS FOR LIABILITIES

19

(9,225

)

(1,361

)

NET ASSETS

1,388,732

6,199,560

CAPITAL AND RESERVES

Called up share capital

20

100

100

Retained earnings

1,388,632

6,199,460

SHAREHOLDERS' FUNDS

1,388,732

6,199,560

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by:

R P O Berhof - Director

Cash flows from operating activities

Cash generated from operations

1

9,924,172

157,856

Interest paid

(161,052

)

(84,002

)

Tax paid

(471,784

)

(152,044

)

Net cash from operating activities

9,291,336

(78,190

)

Cash flows from investing activities

Purchase of tangible fixed assets

(38,309

)

-

Purchase of fixed asset investments

(42,395

)

-

Interest received

2,027

1,648

Dividends received

120,258

-

Net cash from investing activities

41,581

1,648

Cash flows from financing activities

Loan repayments in year

(1,356,667

)

(440,000

)

Amount introduced by directors

-

13,393

Amount withdrawn by directors

(3,393

)

(50,001

)

Equity dividends paid

(6,671,000

)

-

Net cash from financing activities

(8,031,060

)

(476,608

)

Increase/(decrease) in cash and cash equivalents

1,301,857

(553,150

)

Cash and cash equivalents at beginning of period

2

277,934

831,084

Cash and cash equivalents at end of period

2

1,579,791

277,934

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

Period

1.7.23

to

Year Ended

31.12.24

30.6.23

£

£

Profit before taxation

2,447,864

2,352,300

Depreciation charges

36,835

60,732

Finance costs

161,052

84,002

Finance income

(122,285

)

(1,648

)

2,523,466

2,495,386

Decrease/(increase) in stocks

438,556

(1,157,862

)

Decrease/(increase) in trade and other debtors

6,843,271

(1,377,016

)

Increase in trade and other creditors

118,879

197,348

Cash generated from operations

9,924,172

157,856

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Period ended 31 December 2024

31.12.24

1.7.23

£

£

Cash and cash equivalents

1,579,791

277,934

Year ended 30 June 2023

30.6.23

1.7.22

£

£

Cash and cash equivalents

277,934

831,084

3.	ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

At 1.7.23

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank and in hand

277,934

1,301,857

1,579,791

277,934

1,301,857

1,579,791

Debt

Debts falling due within 1 year

(440,000

)

440,000

-

Debts falling due after 1 year

(916,667

)

916,667

-

(1,356,667

)

1,356,667

-

Total

(1,078,733

)

2,658,524

1,579,791

1.	STATUTORY INFORMATION

Abion UK 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.

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of its ultimate parent undertakings established under the law of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

The Company also satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102 in respect of the Company:

- No disclosures in respect of financial instruments have been presented.

- No disclosures has been given for the aggregate remuneration of key management personnel.

The information is included in the consolidated financial statements of Top Armbel Holding AB as at 31 December 2024.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding value added tax, and is recognised when it is probable that economic benefits will flow to the company and the amount can be measured reliably.

Revenue is recognised as follows:

Professional Services (Lane Fees): Revenue from legal and intellectual property services is recognised when the relevant performance obligations are satisfied. This may be upon completion of specific work, achievement of agreed milestones, or on a straight-line basis where services are provided under fixed-fee or retainer arrangements.

Local Attorney and Official Fees: Fees paid to third-party agents or official bodies on behalf of clients are recorded as disbursements and recharged. Revenue is recognised when the related disbursements are invoiced to clients, at cost or with an agreed uplift.

Other Disbursements: Revenue from the recharge of additional client-related costs, such as courier charges, translations, or travel expenses, is recognised when these are invoiced to clients.

Retainer Income: Where clients are billed a recurring fixed fee for ongoing advisory or routine services, revenue is recognised evenly over the period in which the services are provided.

Tangible fixed assets

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

Short leasehold

-

Straight line over 5 years

Fixtures and fittings

-

20% on cost

Computer equipment

-

Straight line over 3 years

Gains or losses arising from the disposal of fixture, fittings and equipment are determined as the difference between what has been received and the carrying amount of the assets and are recognised in profit or loss.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Work-in-progress (WIP) arises when services are provided over time but have not yet been billed to the client. This typically includes unbilled time incurred by employees or third-party costs (e.g. disbursements or suppliers such as legal counsel) that are expected to be recoverable from clients. WIP is recorded as a current asset on the balance sheet, representing services already performed but not yet invoiced.

In some cases, the company engages external parties (e.g. legal firms) to perform specialist work, which is initially recorded as a cost and then rebilled to the client with a markup. This supplier WIP is recognised when the service has been incurred and is expected to be recoverable.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation

Taxation for the period 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Foreign currencies

Transactions in foreign exchange currencies are translated into GBP at the exchange rate ruling at the dates of the transactions. All monetary assets and liabilities denominated in foreign currencies at the reporting date are translated to GBP at the exchange rates prevailing on the reporting date. Exchange differences are taken to the profit or loss.

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.

Cash policy

In addition to cash and bank balances, short-term financial investments that can be traded within three months are classified as cash and cash equivalents.

4.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

When financial statements are prepared, management makes a number of assessments, calculations and assumptions about the accounting and valuation of assets, liabilities, income and expenses. The following are significant judgments made by management when applying the accounting and measurement policies that have the most significant impact on the financial statements of the Company.

Reporting of revenue from services

Service activities: Revenue recognition takes place in the same period as performance is performed and payment is made via invoice. Consulting: The performance refers to the implementation of traditional customer projects. A number of invoicing models are applied and the revenue is recognized in the period in which the performance is performed.

5.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

Period

1.7.23

to

Year Ended

31.12.24

30.6.23

£

£

United Kingdom

17,244,185

10,863,342

Europe

85,789

1,079,116

Rest of World

7,939,632

3,912,985

25,269,606

15,855,443

6.	EMPLOYEES AND DIRECTORS

Period

1.7.23

to

Year Ended

31.12.24

30.6.23

£

£

Wages and salaries

5,444,455

2,462,966

Social security costs

650,769

327,442

Other pension costs

248,930

117,317

6,344,154

2,907,725

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

Period

1.7.23

to

Year Ended

31.12.24

30.6.23

Directors

3

3

Staff

44

40

47

43

Period

1.7.23

to

Year Ended

31.12.24

30.6.23

£

£

Directors' remuneration

1,182,369

234,381

Directors' pension contributions to money purchase schemes

17,583

3,542

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

2

1

Information regarding the highest paid director is as follows:

Period

1.7.23

to

Year Ended

31.12.24

30.6.23

£

£

Emoluments etc

647,116

144,131

The value of the Company's contributions paid to a defined benefit contribution pension scheme in respect of the highest paid director amounted to £13,083 (2023 - £3,542).

7.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

Period

1.7.23

to

Year Ended

31.12.24

30.6.23

£

£

Depreciation - owned assets

36,835

60,732

Auditors' remuneration

103,500

12,000

Foreign exchange differences

(66,447

)

101,684

Operating lease rentals

505,389

299,353

8.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1.7.23

to

Year Ended

31.12.24

30.6.23

£

£

Bank interest

38,355

2,367

Bank loan interest

86,748

81,635

Interest on group loans

35,949

-

161,052

84,002

9.

TAXATION

Analysis of the tax charge

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

Period

1.7.23

to

Year Ended

31.12.24

30.6.23

£

£

Current tax:

UK corporation tax

583,762

475,718

Group loss relief

(3,934

)

-

Total current tax

579,828

475,718

Deferred tax

7,864

(1,446

)

Tax on profit

587,692

474,272

UK corporation tax has been charged at 25% .