REGISTERED NUMBER: 02770523 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2025

FOR

GRANTS OF SHOREDITCH LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Consolidated Statement of Comprehensive Income

8

Consolidated Balance Sheet

9

Company Balance Sheet

10

Consolidated Statement of Changes in Equity

11

Company Statement of Changes in Equity

12

Consolidated Cash Flow Statement

13

Notes to the Consolidated Cash Flow Statement

14

Notes to the Consolidated Financial Statements

15

DIRECTORS:

M Denyer

J L Plumstead

M Lydon

REGISTERED OFFICE:

Suite 4b

The Hamilton Centre

Rodney Way

Chelmsford

Essex

CM1 3BY

REGISTERED NUMBER:

02770523 (England and Wales)

SENIOR STATUTORY AUDITOR:

Jeff Oliver

AUDITORS:

Cook & Partners Limited

Statutory Auditor

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

The directors present their strategic report of the company and the group for the year ended 30th June 2025.

REVIEW OF BUSINESS

The directors present their strategic report of the company and the group for the year ended 30th June 2025.

During this financial period we have seen a decrease in sales due to market conditions. Global upheaval and general uncertainty also caused a softening of confidence within the construction sector. Despite the ongoing market challenges we benefit from a strong order book with secured work stretching well into 2027. We continue to invest in R&D and will shortly commence installing our newly developed low carbon precast façade product onto live projects. We continue our focus on overhead/turnover ratio and whilst there is always room for improvement we are certainly operating effectively and efficiently. Based upon the strength of our order book made up of high quality work we can confidently predict delivery of positive results for the foreseeable future.

PRINCIPAL RISKS AND UNCERTAINTIES

There are uncertainties around inflation, the cost of living crisis and recession as we move into 2026, however it is considered that the company is in a positive position and will be able to effectively overcome such obstacles.

The group considers its risk exposure to be as follows:

Liquidity Risk

The group seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably.

Interest Rate Risk

The group finances its operations through its retained profits. It does not have any borrowings and therefore the exposure interest rate risk is low. The group actively seeks the best available deposit rates for investing surplus cash.

Credit Risk

The group's principal financial assets are cash and trade debtors; the principal risk arises therefore from its trade debtors. The impact associated with trade debtor risk is reduced through a broad customer base and payment terms which ensure monies are received from customers in good time.

ON BEHALF OF THE BOARD:

J L Plumstead - Director

22nd December 2025

The directors present their report with the financial statements of the company and the group for the year ended 30th June 2025.

DIVIDENDS

The total distribution of dividends for the year ended 30th June 2025 will be £3,142,000.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

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

M Denyer

J L Plumstead

M Lydon

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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). 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, Cook & Partners Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

J L Plumstead - Director

22nd December 2025

Opinion

We have audited the financial statements of Grants of Shoreditch Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30th June 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated 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 group's and of the parent company affairs as at 30th June 2025 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

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

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the 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 Group 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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 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.

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.

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

Auditors approach to assessing the risks of material misstatement due to irregularities, including fraud.

Our approach was as follows:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity. The following laws and regulations are considered to be significant to the entity:

- Financial reporting Standard 102

- Companies Act 2006

- UK General Data Protection Regulation

We assessed the risks of material misstatement in respect of fraud as follows:

- Discussed the risk of material misstatement due to irregularities, including fraud with management/ those charged with governance at the planning stage to confirm that risks had been adequately identified and that the controls in place are sufficient for the size and nature of the business to reduce those risks to an acceptably low level.

- Undertook an initial analytical review of the financial statements to identify any potentially unusual or unexpected relationships or high risk audit areas.

- Completed a risk assessment checklist to aid in the identification of Risks for a company of this size and nature.

- We considered the risk of fraud through management override of controls, a common risk in a company of this size and nature, in response; we incorporated testing of manual journal entries into our audit approach and undertook a purely substantive approach to the audit with no reliance placed on controls.

- Accounting policies were reviewed at the planning stage to identify any subjective measurements or complex transactions where management would have the potential to show bias.

- Ensured all in the audit team are aware of the risks identified and particular areas that were susceptible to misstatement and during the audit planning meeting.

- Throughout the audit additional substantive testing was undertaken in areas where there was perceived to be a medium or high risk of misstatement.

- Audit testing was undertaken in a manner that was unpredictable in nature, selection and timing when compared to previous years work.

- The engagement Partners final review of the audit file and financial statements included a detailed review of all areas of medium or high risk identified at the planning stage of the audit.

Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above:

- Financial reporting Standard 102, Companies Act 2006 and UK General Data Protection Regulation. The audit team all have a good understanding of the requirements under these laws and regulations common to most trading businesses and were alert throughout the audit to any potential instances of non-compliance.

- Further, at both the planning and completion stage of the audit enquiries where made of management/those charged with governance regarding any known instances of fraud or non-compliance with laws and regulations

- These representations were corroborated where possible through the review of board minutes/correspondence with HMRC and companies house / correspondence with other regulatory bodies. No contradictory evidence was noted.

We consider that the work detailed above has ensured that the likelihood of detection of irregularities including fraud is considered to be high both at management level and during our audit approach. It is however worth noting that there is an inherent difficulty in detecting irregularities and there is no guarantee that all irregularities have been identified.

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.

Jeff Oliver (Senior Statutory Auditor)

for and on behalf of Cook & Partners Limited

Statutory Auditor

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

22nd December 2025

TURNOVER

11,719,971

18,465,717

Cost of sales

8,834,579

13,141,924

GROSS PROFIT

2,885,392

5,323,793

Administrative expenses

1,988,081

3,953,185

OPERATING PROFIT

4

897,311

1,370,608

Profit on sale of investment

5

236,444

-

1,133,755

1,370,608

Interest receivable and similar income

80,727

57,272

1,214,482

1,427,880

Gain/loss on revaluation of investments

525,000

-

PROFIT BEFORE TAXATION

1,739,482

1,427,880

Tax on profit

6

377,827

356,821

PROFIT FOR THE FINANCIAL YEAR

1,361,655

1,071,059

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,361,655

1,071,059

Profit attributable to:

Owners of the parent

1,361,655

1,071,059

Total comprehensive income attributable to:

Owners of the parent

1,361,655

1,071,059

FIXED ASSETS

Intangible assets

9

440

440

Tangible assets

10

1,476,383

1,901,730

Investments

11

-

-

Investment property

12

950,000

-

2,426,823

1,902,170

CURRENT ASSETS

Stocks

13

-

19,465

Debtors

14

3,543,870

4,828,784

Cash at bank and in hand

5,067,055

4,752,341

8,610,925

9,600,590

CREDITORS

Amounts falling due within one year

15

3,985,746

2,696,303

NET CURRENT ASSETS

4,625,179

6,904,287

TOTAL ASSETS LESS CURRENT LIABILITIES

7,052,002

8,806,457

PROVISIONS FOR LIABILITIES

16

345,889

319,999

NET ASSETS

6,706,113

8,486,458

CAPITAL AND RESERVES

Called up share capital

17

1,000

1,000

Retained earnings

18

6,705,113

8,485,458

SHAREHOLDERS' FUNDS

6,706,113

8,486,458

The financial statements were approved by the Board of Directors and authorised for issue on 22nd December 2025 and were signed on its behalf by:

J L Plumstead - Director

M Denyer - Director

FIXED ASSETS

Intangible assets

9

440

440

Tangible assets

10

1,476,384

1,373,858

Investments

11

-

1

Investment property

12

950,000

-

2,426,824

1,374,299

CURRENT ASSETS

Debtors

14

3,543,870

5,589,551

Cash at bank and in hand

5,067,055

4,567,510

8,610,925

10,157,061

CREDITORS

Amounts falling due within one year

15

3,985,746

2,625,061

NET CURRENT ASSETS

4,625,179

7,532,000

TOTAL ASSETS LESS CURRENT LIABILITIES

7,052,003

8,906,299

PROVISIONS FOR LIABILITIES

16

345,889

237,343

NET ASSETS

6,706,114

8,668,956

CAPITAL AND RESERVES

Called up share capital

17

1,000

1,000

Retained earnings

18

6,705,114

8,667,956

SHAREHOLDERS' FUNDS

6,706,114

8,668,956

Company's profit for the financial year

1,179,158

1,071,508

The financial statements were approved by the Board of Directors and authorised for issue on 22nd December 2025 and were signed on its behalf by:

J L Plumstead - Director

M Denyer - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st July 2023

1,000

8,586,470

8,587,470

Changes in equity

Dividends

-

(1,172,071

)

(1,172,071

)

Total comprehensive income

-

1,071,059

1,071,059

Balance at 30th June 2024

1,000

8,485,458

8,486,458

Changes in equity

Dividends

-

(3,142,000

)

(3,142,000

)

Total comprehensive income

-

1,361,655

1,361,655

Balance at 30th June 2025

1,000

6,705,113

6,706,113

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st July 2023

1,000

8,768,519

8,769,519

Changes in equity

Dividends

-

(1,172,071

)

(1,172,071

)

Total comprehensive income

-

1,071,508

1,071,508

Balance at 30th June 2024

1,000

8,667,956

8,668,956

Changes in equity

Dividends

-

(3,142,000

)

(3,142,000

)

Total comprehensive income

-

1,179,158

1,179,158

Balance at 30th June 2025

1,000

6,705,114

6,706,114

Cash flows from operating activities

Cash generated from operations

1

3,196,637

1,974,759

Tax paid

217,549

(314,676

)

Net cash from operating activities

3,414,186

1,660,083

Cash flows from investing activities

Purchase of tangible fixed assets

(296,517

)

(128,506

)

Purchase of investment property

(425,000

)

-

Sale of tangible fixed assets

42,039

14,500

Sale of subsidiary undertaking

650,897

-

Bank accounts transferred

(9,618

)

-

Interest received

80,727

21,795

Net cash from investing activities

42,528

(92,211

)

Cash flows from financing activities

Amount withdrawn by directors

-

(61,784

)

Equity dividends paid

(3,142,000

)

(1,172,071

)

Net cash from financing activities

(3,142,000

)

(1,233,855

)

Increase in cash and cash equivalents

314,714

334,017

Cash and cash equivalents at beginning of year

2

4,752,341

4,418,324

Cash and cash equivalents at end of year

2

5,067,055

4,752,341

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

2025

2024

£

£

Profit before taxation

1,739,482

1,427,880

Depreciation charges

228,948

230,756

Loss/(profit) on disposal of fixed assets

7,961

(3,549

)

Gain on revaluation of fixed assets

(525,000

)

-

Increase / Decrease in retentions

498,097

(254,580

)

(Profit)/loss on disposal of Investment

(236,444

)

-

Finance income

(80,727

)

(57,272

)

1,632,317

1,343,235

Increase in stocks

(9,435

)

-

Decrease in trade and other debtors

247,277

2,284,716

Increase/(decrease) in trade and other creditors

1,326,478

(1,653,192

)

Cash generated from operations

3,196,637

1,974,759

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:

Year ended 30th June 2025

30.6.25

1.7.24

£

£

Cash and cash equivalents

5,067,055

4,752,341

Year ended 30th June 2024

30.6.24

1.7.23

£

£

Cash and cash equivalents

4,752,341

4,418,324

3.	ANALYSIS OF CHANGES IN NET FUNDS

Disposal of

At 1.7.24

Cash flow

Subsidiary

At 30.6.25

£

£

£

£

Net cash

Cash at bank

and in hand

4,752,341

324,332

(9,618

)

5,067,055

4,752,341

324,332

(9,618

)

5,067,055

Total

4,752,341

324,332

(9,618

)

5,067,055

1.	STATUTORY INFORMATION

Grants of Shoreditch 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

Accounting convention

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going Concern Justification

The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 30 June 2025 have been prepared using the going concern basis of accounting.

Basis of consolidation

The consolidated statement of other comprehensive income, balance sheet, statement of changes in equity, cash flow statement and notes include the results of the company and its subsidiaries made up to 30th June 2025 on the following basis.

The accounts of the following subsidiaries have been consolidated using the acquisition accounting method:

Park Lane Bathstone Limited

All companies are registered in the United Kingdom

In May 2025 the group sold 100% of its shares in Park Lane Bathstone Limited.

Significant judgements and estimates

Revenue is measured at the fair value of the work performed during the year.

For large contracts the stages of completion at the year end are valued by the company.

Due to these valuations being undertaken in house it is considered that the stage of completion of ongoing projects, and therefore the cut off in relation to revenue recognition, is a significant accounting estimate.

Deferred or accrued income is recognised in this regard in line with the revenue recognition accounting policy.

Turnover

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

For Grants of Shoreditch Limited turnover is the value of work (net of VAT) performed during the year with respect to services. Revenue is recognised on the provision of services once completed.

For Park Lane Bathstone Limited turnover is the value of goods (net of VAT) provided to customers during the year. Revenue is recognised on the sale of goods when the goods are delivered and title has passed.

Any value of work not performed in the year but invoiced will be recognised as deferred income whilst any value of work performed during the year but not invoiced will be recognised as accrued income.

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 ten years.

Tangible fixed assets

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

Freehold property

-

5% on cost and not provided

Plant and machinery

-

10% on cost

Fixtures and fittings

-

25% on reducing balance and 5% on cost

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

In accordance with FRS 102 Section 16 Investment Property, Investment Properties are not subject to periodic depreciation charges and are included in the balance sheet at fair value.

Investment properties are stated at fair value based on directors experience of the location and the industry. The directors have used observable market prices and adjusted as necessary for any differences in the future, location or condition of the specific asset.

There has been no valuation by an independent valuer who holds a recognised and relevant professional qualification during the year.

Stocks

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

Stock is valued based on the cost of tonnage extraction per quarry.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The 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.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

3,625,537

4,620,872

Social security costs

172,193

263,833

Other pension costs

64,873

46,922

3,862,603

4,931,627

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

2025

2024

Administration

18

18

Production

25

29

43

47

The average number of employees by undertakings that were proportionately consolidated during the year was NIL (2024 - NIL).

2025

2024

£

£

Directors' remuneration

423,400

1,686,927

Directors' pension contributions to money purchase schemes

16,936

11,122

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

161,700

1,250,000

Pension contributions to money purchase schemes

6,468

-

4.	OPERATING PROFIT

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

2025

2024

£

£

Hire of plant and machinery

237,815

290,661

Other operating leases

52,097

52,086

Depreciation - owned assets

228,949

230,756

Loss/(profit) on disposal of fixed assets

7,961

(3,549

)

Auditors' remuneration

24,700

17,600

Foreign exchange differences

3,236

-

5.	EXCEPTIONAL ITEMS

2025

2024

£

£

Profit on sale of investment

236,444

-