REGISTERED NUMBER: 11064265 (England and Wales)

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PREDATAR HOLDINGS LIMITED

PREVIOUSLY KNOWN AS

SILVERSTRING HOLDINGS LIMITED

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

5

Consolidated Statement of Income and Retained Earnings

9

Consolidated Balance Sheet

10

Company Balance Sheet

11

Notes to the Consolidated Financial Statements

12

DIRECTORS:

A Mackenzie

G L Titchener

SECRETARY:

A Mackenzie

REGISTERED OFFICE:

Bloxham Mill

Barford Road

Bloxham

Banbury

Oxfordshire

OX15 4FF

REGISTERED NUMBER:

11064265 (England and Wales)

SENIOR STATUTORY AUDITOR:

Hugh Maxwell

AUDITORS:

Maxwell & Co

9 Abbey Business Park

Monks Walk

Farnham

Surrey

GU9 8HT

The directors present their report on the Group, referring to the subsidiary companies herein. We also present the financial statements of the company for the year ended 31 March 2025.

CHANGE OF NAME

The group passed a special resolution on 9 July 2025 changing its name from Silverstring Holdings Limited to Predatar Holdings Limited.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of data protection and data recovery services and software.

REVIEW OF BUSINESS

Profit from our commercial operations decreased by 7% to £77,654 for the year (23/24 profit £83,411) as noted below detailing our R&D spend and our turnover for the year was 10% down against the previous year however we are pleased to report that our gross profit margin held steady.

Development of the Predatar platform continued at pace during the year, with R and D focused on enhancing cyber recovery assurance through automation and AI. Major deliverables included Aurora, a world first AIOps assistant powered by a custom built LLM and embedded within the platform, providing context aware guidance using real time client telemetry. The Recovery Risk Report was developed to automate recovery posture assessments through continuous analysis and AI generated reporting. CleanRoom 3.0 was delivered following a full redesign, introducing hypervisor independent recovery testing, reduced licensing dependencies, and AI driven post recovery analysis. In addition, proactive recovery testing and malware scanning support was introduced for IBM AIX environments, addressing a previously unmet enterprise requirement. These developments reinforce Predatar's focus on recoverability assurance rather than backup functionality alone.

Predatar software order intake continues to grow at a substantial rate year on year. This is driven by the growing demand for cyber recovery assurance solutions. The contract renewals activity is experiencing a change in its traditional annual cycle as Predatar software is driving an increasing number of multi-year contracts. This is extremely positive as it gives the business confidence in a greater level of future revenue security and enables us to improve our planning of future investment decisions.

Traditional product resale activity remained flat as did product support services.

Overhead costs reduced by 22% year on year.

Our research and development spend amounted to £111,252 (23/24 £201,763), which is written off to the profit and loss account as incurred. The Group profit before tax and development costs closed at £77,654 (23/24 profit £83,411). The principal activities during the year were focused on strengthening customers' confidence in recoverability through automation, intelligence, and proactive testing. Platform development delivered continuous insight into recovery readiness, reduced reliance on manual assessments, and enabled regular validation of clean recovery across a wider range of enterprise environments. These outcomes were achieved through the introduction of AI driven operational guidance, automated recovery posture reporting, and expanded support for complex and previously underserved platforms, including IBM AIX, thereby improving resilience and reducing operational risk for customers.

We take this opportunity to give our thanks to all our employees for their dedication and hard work over the last year.

FUTURE DEVELOPMENTS

Investment into R&D of the Predatar platform will remain a priority over the next year. We have a number of patent applications in progress that we expect to be granted over the forthcoming year and continue to identify new patentable technology through our development of new capabilities for cyber threat detection.

We will continue to expand our global partner network through our Apex initiative and seek to grow our vendor agnostic cyber resilience platform revenue streams through access to a broader range of end users utilising multiple vendor backup and storage environments.

EVENTS SINCE THE END OF THE YEAR

On 30th June 2025, Silverstring Holdings Limited sold the entire share capital of Silverstring Limited to Celerity Limited. The consideration payable was £3m +/- relevant adjustments for cash, debt and working capital to be determined within 60 days of acquisition. The sale of the subsidiary will be reflected in the financial statements for the year ended 31st March 2026

DIRECTORS

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

A Mackenzie

G L Titchener

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing 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). 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

AUDITORS

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

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A Mackenzie - Director

8 January 2026

Opinion

We have audited the financial statements of Predatar Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Balance Sheet, Company Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2025 and of the group's 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group 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 group's and the parent 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 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Group Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, 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 group's and the parent 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 group or the parent 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.

As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the financial statements, including how fraud may occur by enquiring of management of its own consideration of fraud.

In particular, we looked at where management made subjective judgements, for example in respect of the amortization of licences that involved making assumptions and considering future events that are inherently uncertain.

We also considered potential financial or other pressures, opportunity and motivations for fraud. As part of this discussion we identified the internal controls established to mitigate risks related to fraud or non compliance with laws and regulations and how management monitor these processes. Appropriate procedures included the review and testing of manual journals and key estimates and judgements made by management.

We gained an understanding of the legal and regulatory framework applicable to the Company and the technology industry in which it operates, drawing on our broad sector experience, and considered the risk of acts by the Company that were contrary to these laws and regulations, including fraud. We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006, UK tax legislation and equivalent local laws and regulations.

We made enquiries of management with regards to compliance with the above laws and regulations and corroborated any necessary evidence to relevant information, for example, minutes of the board meetings, legal reports provided to the board and correspondence between the Company and its solicitors.

Our tests included agreeing the financial statements disclosures to underlying supporting documentation and enquiries with management.

We did not identify any key audit matters relating to irregularities, including fraud. As in all of our audits, we also addressed the risk of management override of internal controls including testing journals and evaluation whether there was evidence of bias by the board that represented a risk of material misstatement due to fraud.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

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.

Hugh Maxwell (Senior Statutory Auditor)

for and on behalf of Maxwell & Co

9 Abbey Business Park

Monks Walk

Farnham

Surrey

GU9 8HT

8 January 2026

TURNOVER

3,452,651

3,850,266

Cost of sales

1,390,703

1,497,496

GROSS PROFIT

2,061,948

2,352,770

Administrative expenses

2,058,997

2,367,194

OPERATING PROFIT/(LOSS)

4

2,951

(14,424

)

Income from shares in group undertakings

1,478

-

Interest receivable and similar income

-

111

1,478

111

4,429

(14,313

)

Interest payable and similar expenses

42,786

57,800

LOSS BEFORE TAXATION

(38,357

)

(72,113

)

Tax on loss

7

(8,184

)

17,337

LOSS FOR THE FINANCIAL YEAR

(30,173

)

(89,450

)

Retained earnings at beginning of year

458,772

594,489

Dividends

9

(46,218

)

(46,267

)

RETAINED EARNINGS FOR THE GROUP AT END OF YEAR

382,381

458,772

Loss attributable to:

Owners of the parent

(30,173

)

(89,450

)

FIXED ASSETS

Intangible assets

10

33,587

170,835

Tangible assets

11

12,514

16,063

Investments

12

-

-

46,101

186,898

CURRENT ASSETS

Debtors

13

1,323,658

1,153,748

Cash at bank

14

303,896

122,123

1,627,554

1,275,871

CREDITORS

Amounts falling due within one year

15

1,127,626

936,549

NET CURRENT ASSETS

499,928

339,322

TOTAL ASSETS LESS CURRENT LIABILITIES

546,029

526,220

CREDITORS

Amounts falling due after more than one year

16

(151,148

)

(54,917

)

PROVISIONS FOR LIABILITIES

(2,282

)

(2,313

)

NET ASSETS

392,599

468,990

CAPITAL AND RESERVES

Called up share capital

18

106

106

Other reserves

19

10,112

10,112

Retained earnings

19

382,381

458,772

SHAREHOLDERS' FUNDS

392,599

468,990

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2026 and were signed on its behalf by:

A Mackenzie - Director

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

-

-

Investments

12

106

106

106

106

CURRENT ASSETS

Debtors

13

-

4,623

Cash at bank

14

2

2

2

4,625

NET CURRENT ASSETS

2

4,625

TOTAL ASSETS LESS CURRENT LIABILITIES

108

4,731

CAPITAL AND RESERVES

Called up share capital

18

106

106

Retained earnings

2

4,625

SHAREHOLDERS' FUNDS

108

4,731

Company's profit for the financial year

41,595

46,266

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2026 and were signed on its behalf by:

G L Titchener - Director

1.	STATUTORY INFORMATION

Predatar Holdings 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 General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Basis of consolidation

The Group financial statements consolidate the financial statements of the Company and its subsidiary undertakings drawn up to 31 March each year. The results of subsidiaries are consolidated for the periods from when the group was formed on the 1 April 2018.

Business combinations are accounted for under the merger accounting method. All intra-group transactions, balances, income and expenses are eliminated on consolidation.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding, discounts, rebates and value added tax.

Turnover includes the rendering of services, incorporating software and support which are recognised over the period of the contract.

Sales of software licences and hardware are recognised at the time of delivery,

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted if appropriate, or if there is an indication of a significant change since the last reporting date.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

Taxation

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

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 16 ) .

4.	OPERATING PROFIT/(LOSS)

The operating profit (2024 - operating loss) is stated after charging:

2025

2024

£

£

Depreciation - owned assets

6,416

7,911

Patents and licences amortisation

137,249

220,254

5.	AUDITORS' REMUNERATION

2025

2024

£

£

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

13,000

12,000

6.	EXCEPTIONAL ITEMS

The exceptional items expense relates to the correction of a historic provision error that has been carried forward from prior years.

7.

TAXATION

Analysis of the tax (credit)/charge

The tax (credit)/charge on the loss for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

(8,153

)

17,365

Deferred tax

(31

)

(28

)

Tax on loss

(8,184

)

17,337

8.	INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

9.

DIVIDENDS

2025

2024

£

£

Ordinary Shares shares of £0.0001 each

Interim

46,218

46,267

10.	INTANGIBLE FIXED ASSETS

Group

Patents

and

licences

£

COST

At 1 April 2024

529,821

Disposals

(347,832

)

At 31 March 2025

181,989

AMORTISATION

At 1 April 2024

358,986

Amortisation for year

137,249

Eliminated on disposal

(347,833

)

At 31 March 2025

148,402

NET BOOK VALUE

At 31 March 2025

33,587

At 31 March 2024

170,835

11.	TANGIBLE FIXED ASSETS

Group

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

19,968

31,867

51,835

Additions

-

2,867

2,867

At 31 March 2025

19,968

34,734

54,702

DEPRECIATION

At 1 April 2024

18,924

16,848

35,772

Charge for year

345

6,071

6,416

At 31 March 2025

19,269

22,919

42,188

NET BOOK VALUE

At 31 March 2025

699

11,815

12,514

At 31 March 2024

1,044

15,019

16,063

12.	FIXED ASSET INVESTMENTS

Company

Shares in

group

undertaking

£

COST

At 1 April 2024

and 31 March 2025

106

NET BOOK VALUE

At 31 March 2025

106

At 31 March 2024

106

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Silverstring Limited

Registered office: UK

Nature of business: Data protection

%

Class of shares:

holding

Ordinary shares

100.00

2025

2024

£

£

Aggregate capital and reserves

410,908

547,470

Loss for the year

(91,853

)

(949,046

)

Predatar Limited

Registered office: UK

Nature of business: Software development and consultancy

%

Class of shares:

holding

Ordinary

100.00

2025

2024

£

£

Aggregate capital and reserves

114,803

61,694

Profit for the year

60,474

798,607

Predatar Inc

Registered office: North Carolina, USA

Nature of business: Software provider

%

Class of shares:

holding

Ordinary $1

100.00

2025

2024

£

£

Aggregate capital and reserves

(141,159

)

(129,274

)

(Loss)/profit for the year

(11,885

)

30,240

13.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2025

2024

2025

2024

£

£

£

£

Trade debtors

766,540

756,907

-

-

Amounts owed by group undertakings

152,672

-

-

4,623

Tax

45,949

22,706

-

-

Prepayments and accrued income

358,497

374,135

-

-

1,323,658

1,153,748

-

4,623

14.	CASH AT BANK

Group

Company

2025

2024

2025

2024

£

£

£

£

Bank account GBP

224,187

68,565

2

2

Bank account USD

70,355

32,487

-

-

Bank account EUR

9,354

21,071

-

-

303,896

122,123

2

2

15.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

2025

2024

£

£

Other loans

35,885

67,961

Finance leases (see note 17)

101,447

124,688

Trade creditors

151,259

209,324

Amounts owed to group undertakings

1,524

2

Tax

(7,062

)

-

Social security and other taxes

35,588

32,389

VAT

113,242

13,645

Other creditors

16,841

25,757

Accruals and deferred income

629,144

425,576

Accrued expenses

49,758

37,207

1,127,626

936,549

16.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group

2025

2024

£

£

Other loans - 2-5 years

-

36,308

Finance leases (see note 17)

-

18,609

Amounts owed to group undertakings

151,148

-

151,148

54,917