Company Registration No. 11976335 (England and Wales)
GRANGEWOOD LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
GRANGEWOOD LIMITED
COMPANY INFORMATION
Directors
Ms E Maile
Mr W Stead
Mr RM Stevens
Mr M Stevens
Mr S Edwards
Mr M J Hodgon
Company number
11976335
Registered office
Matrix House
12-16 Lionel Road
Canvey Island
Essex
SS8 9DE
Auditor
Maynard Heady LLP
Matrix House
12-16 Lionel Road
Canvey Island
Essex
SS8 9DE
Business address
Grangewood House
Oakwood Hill
Loughton
Essex
United Kingdom
IG10 3TZ
GRANGEWOOD LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2
Directors' responsibilities statement
3
Independent auditor's report
4 - 6
Profit and loss account
7
Group statement of comprehensive income
8
Group balance sheet
9
Company balance sheet
10
Group statement of changes in equity
11
Company statement of changes in equity
12
Group statement of cash flows
13
Notes to the financial statements
14 - 29
GRANGEWOOD LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2025
- 1 -

The directors present the group strategic report and financial statements for the year ended 30 June 2025.

Review of the business

The Directors are pleased with the level of turnover achieved during the year and the improvement in profit margins. Growth has been steady, driven by repeat business, and several projects have been successfully delivered for a new client who has since become a repeat client. The Directors are satisfied that the consistently high level of service provided has secured this ongoing work and that expected service standards were successfully maintained across all existing clients.

Grangewood continues to deliver high-quality building services across London, operating within the residential, retail, commercial and hospitality sectors. It prides itself on securing repeat business from London-based landowners, as well as referrals from clients, designers and consultancy teams. Clients frequently engage Grangewood on projects that are complex or present logistical challenges, where its flexible approach and ability to mobilise quickly add significant value. This capability has become a key differentiator and further supports long-term client relationships.

The ongoing strategy is to secure new repeat clients and connections while maintaining high levels of satisfaction among the existing client base. This approach has proven successful and continues to be driven forward year on year.

Opportunities within the London market were slower to emerge during the year but show encouraging signs of improvement. Despite a highly competitive sector, Grangewood has seen an increase in negotiated work, enabling the Directors to be more selective in the projects undertaken and to focus on minimising risk while maximising profitability.

The directors are satisfied with the state of affairs as at 30th June 2025.

The group strategic report is approved by the board of directors and signed on behalf of the board:

Ms E Maile
Director
21 January 2026
GRANGEWOOD LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -

The directors present their annual report and financial statements for the year ended 30 June 2025.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Ms E Maile
Mr W Stead
Mr RM Stevens
Mr M Stevens
Mr S Edwards
Mr M J Hodgon
Auditor

Maynard Heady LLP were appointed as auditor to the group and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to groups and companies entitled to the exemptions of the small companies regime.

On behalf of the board
Ms E Maile
Director
21 January 2026
GRANGEWOOD LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

United Kingdom company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the group and parent company 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 group and parent company, 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;

- state whether applicable U nited K ingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and parent company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and parent company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and parent 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 group and parent company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

GRANGEWOOD LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF GRANGEWOOD LIMITED
- 4 -
Opinion

We have audited the financial statements of Grangewood Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2025 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including 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 the parent company's affairs as at 30 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent 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 group's and 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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 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 course of 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 our audit:

- T he information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

GRANGEWOOD LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF GRANGEWOOD LIMITED
- 5 -
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 their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

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

- adequate accounting records have not been kept 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 directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the group's and 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 parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

- Enquiry of management, those charged with governance around actual and potential litigation and claims.

- Enquiry of entity staff in compliance functions to identify any instances of non-compliance with laws and regulations.

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness.

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

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the parent 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 parent company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

GRANGEWOOD LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF GRANGEWOOD LIMITED
- 6 -
Nicholas Bragg ACA (Senior Statutory Auditor)
For and on behalf of Maynard Heady LLP, Statutory Auditor
Chartered Accountants
Matrix House
12-16 Lionel Road
Canvey Island
Essex
SS8 9DE
21 January 2026
GRANGEWOOD LIMITED
GROUP PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
2025
2024
Notes
£
£
Turnover
3
25,986,062
23,888,844
Cost of sales
(22,631,981)
(20,852,897)
Gross profit
3,354,081
3,035,947
Administrative expenses
(2,482,849)
(2,500,292)
Operating profit
4
871,232
535,655
Interest receivable and similar income
5
29,460
28,392
Interest payable and similar expenses
6
(139,464)
(179,890)
Profit before taxation
761,228
384,157
Tax on profit
7
(343,646)
-
0
Profit for the financial year
417,582
384,157
Profit for the financial year is all attributable to the owners of the parent company.
GRANGEWOOD LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2025
- 8 -
2025
2024
£
£
Profit for the year
417,582
384,157
Other comprehensive income
-
-
Total comprehensive income for the year
417,582
384,157
Total comprehensive income for the year is all attributable to the owners of the parent company.
GRANGEWOOD LIMITED
GROUP BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Goodwill
10
2,407,248
2,865,771
Total intangible assets
2,407,248
2,865,771
Tangible assets
11
34,034
28,117
2,441,282
2,893,888
Current assets
Stocks
13
1,264,109
1,710,839
Debtors
14
3,849,009
1,952,072
Cash at bank and in hand
2,803,978
2,158,074
7,917,096
5,820,985
Creditors: amounts falling due within one year
15
(7,845,490)
(5,573,943)
Net current assets
71,606
247,042
Total assets less current liabilities
2,512,888
3,140,930
Creditors: amounts falling due after more than one year
17
(2,224,845)
(3,276,536)
Provisions for liabilities
Deferred tax liability
18
6,067
-
0
(6,067)
-
Net assets/(liabilities)
281,976
(135,606)
Capital and reserves
Called up share capital
19
6,332
6,332
Profit and loss reserves
275,644
(141,938)
Total equity
281,976
(135,606)

These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.

The financial statements were approved by the board of directors and authorised for issue on 21 January 2026 and are signed on its behalf by:
21 January 2026
Ms E Maile
Mr W Stead
Director
Director
Company registration number 11976335 (England and Wales)
GRANGEWOOD LIMITED
COMPANY BALANCE SHEET
AS AT 30 JUNE 2025
30 June 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
12
7,018,642
7,018,642
Current assets
Debtors
14
1,000
1,000
Cash at bank and in hand
4,792
3,226
5,792
4,226
Creditors: amounts falling due within one year
15
(983,930)
(983,931)
Net current liabilities
(978,138)
(979,705)
Total assets less current liabilities
6,040,504
6,038,937
Creditors: amounts falling due after more than one year
17
(1,905,316)
(2,774,989)
Net assets
4,135,188
3,263,948
Capital and reserves
Called up share capital
19
6,332
6,332
Profit and loss reserves
4,128,856
3,257,616
Total equity
4,135,188
3,263,948

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £871,240 (2024 - £832,932 profit).

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 21 January 2026 and are signed on its behalf by:
21 January 2026
Ms E Maile
Mr W Stead
Director
Director
Company registration number 11976335 (England and Wales)
GRANGEWOOD LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2025
- 11 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 July 2023
4,999
(526,095)
(521,096)
Year ended 30 June 2024:
Profit and total comprehensive income for the year
-
384,157
384,157
Other movements
1,333
-
1,333
Balance at 30 June 2024
6,332
(141,938)
(135,606)
Year ended 30 June 2025:
Profit and total comprehensive income for the year
-
417,582
417,582
Balance at 30 June 2025
6,332
275,644
281,976
GRANGEWOOD LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2025
- 12 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 July 2023
4,999
2,424,685
2,429,684
Year ended 30 June 2024:
Profit and total comprehensive income for the year
-
832,931
832,931
Other movements
1,333
-
1,333
Balance at 30 June 2024
6,332
3,257,616
3,263,948
Year ended 30 June 2025:
Profit and total comprehensive income for the year
-
871,240
871,240
Balance at 30 June 2025
6,332
4,128,856
4,135,188
GRANGEWOOD LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2025
- 13 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
24
885,687
455,005
Interest paid
(9,138)
(15,519)
Net cash inflow from operating activities
876,549
439,486
Investing activities
Purchase of tangible fixed assets
(20,105)
(24,167)
Interest received
29,460
28,392
Net cash generated from investing activities
9,355
4,225
Financing activities
Proceeds from issue of shares
-
1,333
(Repayment of bank loan) / new bank loan
(240,000)
(240,000)
Net cash used in financing activities
(240,000)
(238,667)
Net increase in cash and cash equivalents
645,904
205,044
Cash and cash equivalents at beginning of year
2,158,074
1,953,030
Cash and cash equivalents at end of year
2,803,978
2,158,074
GRANGEWOOD LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 14 -
1
Accounting policies
Company information

Grangewood Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Matrix House, 12-16 Lionel Road, Canvey Island, Essex, SS8 9DE.

The group consists of Grangewood Limited and all of its subsidiaries.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

GRANGEWOOD LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 15 -
1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Grangewood Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 30 June 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

Entities in which the group holds an interest and which are jointly controlled by the group and one or more other venturers under a contractual arrangement are treated as joint ventures. Entities other than subsidiary undertakings or joint ventures, in which the group has a participating interest and over whose operating and financial policies the group exercises a significant influence, are treated as associates.

Investments in joint ventures and associates are carried in the group balance sheet at cost plus post-acquisition changes in the group’s share of the net assets of the entity, less any impairment in value. The carrying values of investments in joint ventures and associates include acquired goodwill.

If the group’s share of losses in a joint venture or associate equals or exceeds its investment in the joint venture or associate, the group does not recognise further losses unless it has incurred obligations to do so or has made payments on behalf of the joint venture or associate.

Unrealised gains arising from transactions with joint ventures and associates are eliminated to the extent of the group’s interest in the entity.

1.4
Going concern

A t the time of approving the financial statements, t he directors have a reasonable expectation that the group and parent company ha ve adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.5
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

GRANGEWOOD LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 16 -

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

The “percentage of completion method” is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered.

1.6
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.7
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings and equipment
20% reducing balance basis
Computer equipment
3 year straight line basis
Motor vehicles
25% reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

GRANGEWOOD LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 17 -
1.8
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Investments in associates are initially recognised at the transaction price (including transaction costs) and are subsequently adjusted to reflect the g roup’s share of the profit or loss, other comprehensive income and equity of the associate using the equity method. Any difference between the cost of acquisition and the share of the fair value of the net identifiable assets of the associate on acquisition is recognised as goodwill. Any unamortised balance of goodwill is included in the carrying value of the investment in associates.

Losses in excess of the carrying amount of an investment in an associate are recorded as a provision only when the company has incurred legal or constructive obligations or has made payments on behalf of the associate.

In the parent c ompany financial statements, investments in associates are accounted for at cost less impairment.

Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.9
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

GRANGEWOOD LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 18 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.10
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.11
Construction contracts

The “percentage of completion method” is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered.

1.12
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.13
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

GRANGEWOOD LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 19 -
Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

GRANGEWOOD LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 20 -
Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.14
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.15
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.16
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.17
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.18
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

GRANGEWOOD LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 21 -
2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Construction contract revenue
25,986,062
23,888,844
2025
2024
£
£
Turnover analysed by geographical market
United Kingdom
25,986,062
23,888,844
2025
2024
£
£
Other revenue
Interest income
29,460
28,392
4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging:
Fees payable to the group's auditor for the audit of the group's financial statements
1,200
1,200
Depreciation of tangible fixed assets
13,748
7,333
Loss on disposal of tangible fixed assets
440
4,249
Amortisation of intangible assets
458,523
458,523
Operating lease charges
487,734
464,454
5
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
29,460
28,392
GRANGEWOOD LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 22 -
6
Interest payable and similar expenses
2025
2024
£
£
Interest on bank overdrafts and loans
9,138
15,519
Unwinding of discount on provisions
130,326
164,371
Total finance costs
139,464
179,890
7
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
337,579
-
0
Deferred tax
Origination and reversal of timing differences
6,067
-
0
Total tax charge
343,646
-
0

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
761,228
384,157
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
190,307
96,039
Tax effect of expenses that are not deductible in determining taxable profit
156,980
162,162
Tax effect of utilisation of tax losses not previously recognised
(11,816)
(261,625)
Unutilised tax losses carried forward
2,108
3,424
6,067
-
0
Taxation charge
343,646
-
8
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
390,769
410,175
Company pension contributions to defined contribution schemes
27,818
30,543
418,587
440,718
GRANGEWOOD LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
8
Directors' remuneration
(Continued)
- 23 -
Remuneration disclosed above includes the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
100,600
106,208
Company pension contributions to defined contribution schemes
13,000
4,667
9
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Administration
19
22
6
6
On-site
41
39
-
-
Total
60
61
6
6

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
3,189,057
3,000,227
-
0
-
0
Social security costs
381,312
354,683
-
-
Pension costs
94,661
96,082
-
0
-
0
3,665,030
3,450,992
-
0
-
0
10
Intangible fixed assets
Group
Goodwill
£
Cost
At 1 July 2024 and 30 June 2025
4,585,234
Amortisation and impairment
At 1 July 2024
1,719,463
Amortisation charged for the year
458,523
At 30 June 2025
2,177,986
GRANGEWOOD LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
10
Intangible fixed assets
(Continued)
- 24 -
Carrying amount
At 30 June 2025
2,407,248
At 30 June 2024
2,865,771
11
Tangible fixed assets
Group
Fixtures, fittings and equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 July 2024
17,151
126,305
2,246
145,702
Additions
-
0
14,489
5,616
20,105
Disposals
(10)
(5,613)
-
0
(5,623)
At 30 June 2025
17,141
135,181
7,862
160,184
Depreciation and impairment
At 1 July 2024
5,115
111,908
562
117,585
Depreciation charged in the year
2,406
10,054
1,288
13,748
Eliminated in respect of disposals
-
0
(5,183)
-
0
(5,183)
At 30 June 2025
7,521
116,779
1,850
126,150
Carrying amount
At 30 June 2025
9,620
18,402
6,012
34,034
At 30 June 2024
12,036
14,397
1,684
28,117
12
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
21
-
0
-
0
7,018,642
7,018,642
GRANGEWOOD LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
12
Fixed asset investments
(Continued)
- 25 -
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 July 2024 and 30 June 2025
7,018,642
Carrying amount
At 30 June 2025
7,018,642
At 30 June 2024
7,018,642
13
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Work in progress
1,264,109
1,710,839
-
-
14
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
2,489,035
1,249,923
-
0
-
0
Other debtors
242,281
247,788
1,000
1,000
Prepayments and accrued income
49,261
21,114
-
0
-
0
2,780,577
1,518,825
1,000
1,000
Amounts falling due after more than one year:
Trade debtors
1,068,432
433,247
-
0
-
0
Total debtors
3,849,009
1,952,072
1,000
1,000
GRANGEWOOD LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 26 -
15
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans
16
240,000
240,000
-
0
-
0
Trade creditors
5,164,618
3,680,326
-
0
-
0
Corporation tax payable
337,579
-
0
-
0
-
0
Other taxation and social security
1,000,333
536,121
-
-
Other creditors
1,008,971
1,009,774
982,731
982,731
Accruals and deferred income
93,989
107,722
1,199
1,200
7,845,490
5,573,943
983,930
983,931
16
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans
240,000
480,000
-
0
-
0
Payable within one year
240,000
240,000
-
0
-
0
Payable after one year
-
0
240,000
-
0
-
0

The bank loan is secured by fixed and floating charges over the assets of Grangewood Builders Limited.

The bank loan is repayable over 5 years at an interest rate of 1.76% above base rate.

17
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
16
-
0
240,000
-
0
-
0
Trade creditors
319,529
261,547
-
0
-
0
Other creditors
1,905,316
2,774,989
1,905,316
2,774,989
2,224,845
3,276,536
1,905,316
2,774,989
GRANGEWOOD LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 27 -
18
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
2025
2024
Group
£
£
Accelerated capital allowances
6,067
-
The company has no deferred tax assets or liabilities.
Group
Company
2025
2025
Movements in the year:
£
£
Asset at 1 July 2024
-
-
Charge to profit or loss
6,067
-
Liability at 30 June 2025
6,067
-
19
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
6,332
6,332
6,332
6,332

The ordinary share capital carries the rights to dividends, voting and the repayment of capital on a winding up.

20
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
94,661
96,082

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

GRANGEWOOD LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 28 -
21
Subsidiaries

Details of the company's subsidiaries at 30 June 2025 are as follows:

Name of undertaking
Class of
% Held
shares held
Direct
Grangewood Builders Limited
Ordinary
100.00

Registered office addresses (all UK unless otherwise indicated):

Matrix House, 12-16 Lionel Road, Canvey Island, Essex, SS8 9DE
22
Related party transactions
Transactions with related parties

During the year the group entered into the following transactions with related parties:

Sales
Sales
Purchases
Purchases
2025
2024
2025
2024
£
£
£
£
Group
Other related parties
496,597
540,027
262,652
250,028

Sales and purchases of goods and services with related parties were made at normal commercial rates.

The amounts outstanding are unsecured and will be settled on demand.

The following amounts were outstanding at the reporting end date:

Amounts due from related parties
2025
2024
Balance
Balance
£
£
Group
Other related parties
252,036
222,118

Sales and purchases of goods and services with related parties were made at normal commercial rates.

The amounts outstanding are unsecured and will be settled on demand.

23
Analysis of changes in net funds - group
1 July 2024
Cash flows
30 June 2025
£
£
£
Cash at bank and in hand
2,158,074
645,904
2,803,978
Borrowings excluding overdrafts
(480,000)
240,000
(240,000)
1,678,074
885,904
2,563,978
GRANGEWOOD LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 29 -
24
Cash generated from group operations
2025
2024
£
£
Profit after taxation
417,582
384,157
Adjustments for:
Taxation charged
343,646
-
0
Finance costs
139,464
179,890
Investment income
(29,460)
(28,392)
Loss on disposal of tangible fixed assets
440
4,249
Amortisation and impairment of intangible assets
458,523
458,523
Depreciation and impairment of tangible fixed assets
13,748
7,333
Decrease in provisions
(130,326)
(164,371)
Movements in working capital:
Decrease in stocks
446,730
1,078,842
(Increase)/decrease in debtors
(1,896,937)
55,223
Increase/(decrease) in creditors
1,122,277
(1,520,449)
Cash generated from operations
885,687
455,005
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2024-07-01 2025-06-30 11976335 core:UKTax bus:Consolidated 2024-07-01 2025-06-30 11976335 core:UKTax bus:Consolidated 2023-07-01 2024-06-30 11976335 bus:Consolidated 1 2024-07-01 2025-06-30 11976335 bus:Consolidated 1 2023-07-01 2024-06-30 11976335 core:Goodwill bus:Consolidated 2024-06-30 11976335 core:Goodwill bus:Consolidated 2024-07-01 2025-06-30 11976335 core:FurnitureFittings bus:Consolidated 2024-06-30 11976335 core:ComputerEquipment bus:Consolidated 2024-06-30 11976335 core:MotorVehicles bus:Consolidated 2024-06-30 11976335 bus:Consolidated 2024-06-30 11976335 core:FurnitureFittings bus:Consolidated 2024-07-01 2025-06-30 11976335 core:ComputerEquipment bus:Consolidated 2024-07-01 2025-06-30 11976335 core:MotorVehicles bus:Consolidated 2024-07-01 2025-06-30 11976335 core:CurrentFinancialInstruments bus:Consolidated 2025-06-30 11976335 core:Non-currentFinancialInstruments bus:Consolidated 2025-06-30 11976335 core:Non-currentFinancialInstruments bus:Consolidated 2024-06-30 11976335 core:Non-currentFinancialInstruments 2025-06-30 11976335 core:Non-currentFinancialInstruments 2024-06-30 11976335 core:CurrentFinancialInstruments bus:Consolidated 1 2025-06-30 11976335 core:CurrentFinancialInstruments bus:Consolidated 1 2024-06-30 11976335 core:CurrentFinancialInstruments 2 2025-06-30 11976335 core:CurrentFinancialInstruments 3 2025-06-30 11976335 core:WithinOneYear bus:Consolidated 2025-06-30 11976335 core:WithinOneYear bus:Consolidated 2024-06-30 11976335 core:Non-currentFinancialInstruments core:AfterOneYear bus:Consolidated 1 2025-06-30 11976335 core:Non-currentFinancialInstruments core:AfterOneYear bus:Consolidated 1 2024-06-30 11976335 core:Non-currentFinancialInstruments core:AfterOneYear 2 2025-06-30 11976335 core:Non-currentFinancialInstruments core:AfterOneYear 2 2024-06-30 11976335 core:Subsidiary1 2024-07-01 2025-06-30 11976335 core:Subsidiary1 1 2024-07-01 2025-06-30 11976335 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 11976335 bus:FRS102 2024-07-01 2025-06-30 11976335 bus:Audited 2024-07-01 2025-06-30 11976335 bus:ConsolidatedGroupCompanyAccounts 2024-07-01 2025-06-30 11976335 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP