Caseware UK (AP4) 2024.0.164 2024.0.164 2025-12-31 2025-12-31 false 2025-01-01 false No description of principal activity 23 23 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02978769 2025-01-01 2025-12-31 02978769 2024-01-01 2024-12-31 02978769 2025-12-31 02978769 2024-12-31 02978769 c:Director1 2025-01-01 2025-12-31 02978769 d:Buildings d:LongLeaseholdAssets 2025-01-01 2025-12-31 02978769 d:Buildings d:LongLeaseholdAssets 2025-12-31 02978769 d:Buildings d:LongLeaseholdAssets 2024-12-31 02978769 d:PlantMachinery 2025-01-01 2025-12-31 02978769 d:PlantMachinery 2025-12-31 02978769 d:PlantMachinery 2024-12-31 02978769 d:PlantMachinery d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 02978769 d:MotorVehicles 2025-01-01 2025-12-31 02978769 d:MotorVehicles 2025-12-31 02978769 d:MotorVehicles 2024-12-31 02978769 d:MotorVehicles d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 02978769 d:FurnitureFittings 2025-01-01 2025-12-31 02978769 d:FurnitureFittings 2025-12-31 02978769 d:FurnitureFittings 2024-12-31 02978769 d:FurnitureFittings d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 02978769 d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 02978769 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 02978769 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-12-31 02978769 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 02978769 d:Goodwill 2025-01-01 2025-12-31 02978769 d:Goodwill 2025-12-31 02978769 d:Goodwill 2024-12-31 02978769 d:CurrentFinancialInstruments 2025-12-31 02978769 d:CurrentFinancialInstruments 2024-12-31 02978769 d:Non-currentFinancialInstruments 2025-12-31 02978769 d:Non-currentFinancialInstruments 2024-12-31 02978769 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 02978769 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 02978769 d:Non-currentFinancialInstruments d:AfterOneYear 2025-12-31 02978769 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 02978769 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-12-31 02978769 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 02978769 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-12-31 02978769 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 02978769 d:ShareCapital 2025-12-31 02978769 d:ShareCapital 2024-12-31 02978769 d:SharePremium 2025-12-31 02978769 d:SharePremium 2024-12-31 02978769 d:OtherMiscellaneousReserve 2025-12-31 02978769 d:OtherMiscellaneousReserve 2024-12-31 02978769 d:RetainedEarningsAccumulatedLosses 2025-12-31 02978769 d:RetainedEarningsAccumulatedLosses 2024-12-31 02978769 c:OrdinaryShareClass1 2025-01-01 2025-12-31 02978769 c:OrdinaryShareClass1 2025-12-31 02978769 c:FRS102 2025-01-01 2025-12-31 02978769 c:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 02978769 c:FullAccounts 2025-01-01 2025-12-31 02978769 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 02978769 d:WithinOneYear 2025-12-31 02978769 d:WithinOneYear 2024-12-31 02978769 d:BetweenOneFiveYears 2025-12-31 02978769 d:BetweenOneFiveYears 2024-12-31 02978769 d:MoreThanFiveYears 2025-12-31 02978769 d:MoreThanFiveYears 2024-12-31 02978769 4 2025-01-01 2025-12-31 02978769 d:AcceleratedTaxDepreciationDeferredTax 2025-12-31 02978769 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 02978769 d:OtherDeferredTax 2025-12-31 02978769 d:OtherDeferredTax 2024-12-31 02978769 d:Goodwill d:OwnedIntangibleAssets 2025-01-01 2025-12-31 02978769 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2025-01-01 2025-12-31 02978769 e:PoundSterling 2025-01-01 2025-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02978769 TICCO FOODS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
TICCO FOODS LIMITED REGISTERED NUMBER: 02978769 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  | 2025 |  | As restated 2024
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 2,410 |  | 3,787
Tangible assets | 5 |  | 391,907 |  | 457,316
|  |  | 394,317 |  | 461,103
Current assets |  |  |  |  |
Stocks | 6 | 641,010 |  | 562,802 |
Debtors: amounts falling due within one year | 7 | 1,895,771 |  | 1,615,779 |
Cash at bank and in hand | 8 | 108,530 |  | 81,626 |
|  | 2,645,311 |  | 2,260,207 |
Creditors: amounts falling due within one year | 9 | (2,235,447) |  | (2,999,067) |
Net current assets/(liabilities) |  |  | 409,864 |  | (738,860)
Total assets less current liabilities |  |  | 804,181 |  | (277,757)
Creditors: amounts falling due after more than one year | 10 |  | (2,360,480) |  | (1,505,690)
Net liabilities |  |  | (1,556,299) |  | (1,783,447)
Capital and reserves |  |  |  |  |
Called up share capital | 13 |  | 438,489 |  | 439,459
Share premium account |  |  | 634,000 |  | 634,000
Other reserves |  |  | 999,533 |  | 999,533
Profit and loss account |  |  | (3,628,321) |  | (3,856,439)
|  |  | (1,556,299) |  | (1,783,447)
Page 1
TICCO FOODS LIMITED REGISTERED NUMBER: 02978769 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 April 2026.
................................................ F Vanoli
Director
The notes on pages 3 to 13 form part of these financial statements. Page 2
TICCO FOODS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Ticco Foods Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is Unit 8 Globe Business Park, First Avenue, Marlow, United Kingdom, SL7 1YA. The company specialises in the importing of bindi desserts and other dry and chilled food stuffs which are distributed to food service businesses throughout the UK. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
The directors have reviewed the financial position and the liquidity of the company and note that the company is profitable, has net current assets of £409,864 (2024 - £738,860 net current liabilities as restated). The directors’ cashflow projection show that the company will be able to meet its liabilities as they fall due, and for a period of not less than 12 months from the approval of these financial statements, and will continue to operate as a going concern. Based on their assessment, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, being at least 12 months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. Page 3
TICCO FOODS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably. Revenue is recognised on the delivery of goods and at the point at which services are provided.
| 2.4 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 4
TICCO FOODS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Long-term leasehold property | - | Over the term of the lease
|  |  |  | Plant and machinery | - | 10% to 25% straight line per annum
|  |  |  | Motor vehicles | - | 25% straight line per annum
|  |  |  | Fixtures and fittings | - | 25% to 50% straight line per annum
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.5 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of comprehensive income.
| 2.6 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.7 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.8 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 5
TICCO FOODS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.9 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
| 2.10 | Finance costs
Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.11 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.12 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.13 | Borrowing costs
All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred. Page 6
TICCO FOODS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.14 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to the Statement of comprehensive income.
| 2.15 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.16 | Debtors - linked presentation
The company has entered into a disclosed invoice discounting facility with its bankers. The substance of this arrangement makes it similar in nature to a non-recourse arrangement and therefore the finance is shown as linked presentation as a deduction from debtors.
| 2.17 | Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
3. | Employees
| The average monthly number of employees, including directors, during the year was 23 (2024 - 23).
Page 7
TICCO FOODS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Intangible assets
|  | Brochure costs | Goodwill | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 January 2025 | 5,508 | 634,000 | 639,508
| Disposals | - | (634,000) | (634,000)
| At 31 December 2025 | 5,508 | - | 5,508
| Amortisation |  |  |
| At 1 January 2025 | 1,721 | 634,000 | 635,721
| Charge for the year on owned assets | 1,377 | - | 1,377
| On disposals | - | (634,000) | (634,000)
| At 31 December 2025 | 3,098 | - | 3,098
| Net book value |  |  |
| At 31 December 2025 | 2,410 | - | 2,410
| At 31 December 2024 | 3,787 | - | 3,787
As the goodwill is fully amortised it has been disposed of. Page 8
TICCO FOODS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Tangible fixed assets
|  | Long-term leasehold property | Plant and machinery | Motor vehicles | Fixtures and fittings | Total
|  | £ | £ | £ | £ | £
| Cost |  |  |  |  |
| At 1 January 2025 | 598,738 | 19,506 | 168,255 | 58,820 | 845,319
| Additions | 6,650 | 5,400 | - | 599 | 12,649
| Disposals | (179,580) | - | (16,000) | (1,822) | (197,402)
| At 31 December 2025 | 425,808 | 24,906 | 152,255 | 57,597 | 660,566
| Depreciation |  |  |  |  |
| At 1 January 2025 | 206,484 | 7,254 | 137,241 | 37,024 | 388,003
| Charge for the year on owned assets | 42,156 | 4,074 | 18,596 | 9,565 | 74,391
| Disposals | (179,580) | - | (12,333) | (1,822) | (193,735)
| At 31 December 2025 | 69,060 | 11,328 | 143,504 | 44,767 | 268,659
| Net book value |  |  |  |  |
| At 31 December 2025 | 356,748 | 13,578 | 8,751 | 12,830 | 391,907
| At 31 December 2024 | 392,254 | 12,252 | 31,014 | 21,796 | 457,316
6. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 641,010 | 562,802
|  | 641,010 | 562,802
Page 9
TICCO FOODS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Debtors
|  |  |  |  | 2025 | As restated 2024
|  |  |  |  | £ | £
| Trade debtors | 2,353,854 | 1,699,600
| Factored debts | (1,637,814) | (1,346,832)
| Other debtors | 454,204 | 384,889
| Prepayments and accrued income | 88,511 | 154,982
| Deferred taxation | 637,016 | 723,140
|  | 1,895,771 | 1,615,779
| The company's disclosed invoice discounting arrangements amounted to £1,637,814 (2024 - £1,346,832 at the Statement of financial position date. The facility is secured by fixed and floating charge over the assets of the company.
8. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 108,530 | 81,626
|  | 108,530 | 81,626
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 115,231 | 312,121
| Trade creditors | 1,931,849 | 1,632,505
| Other taxation and social security | 90,867 | 27,124
| Other creditors | 90,000 | 933,033
| Accruals and deferred income | 7,500 | 94,284
|  | 2,235,447 | 2,999,067
| Bank loans include a facility which is secured by a fixed and floating charge over the assets of the company.
Page 10
TICCO FOODS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | As restated 2024
|  |  |  |  | £ | £
| Bank loans | 298,949 | 88,367
| Other creditors | 930,703 | -
| Other creditors - Shareholder loans | 1,130,828 | 1,417,323
|  | 2,360,480 | 1,505,690
| Bank loans include a facility which is secured by a fixed and floating charge over the assets of the company.
11. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 115,231 | 312,121
| Amounts falling due 1-2 years |  |
| Bank loans | 115,231 | 88,367
| Amounts falling due 2-5 years |  |
| Bank loans | 183,718 | -
|  | 414,180 | 400,488
Page 11
TICCO FOODS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
12. | Deferred taxation
|  | 2025
|  | £
| Asset at beginning of year | 723,140
| Charged to the profit and loss account | (86,124)
| Asset at end of year | 637,016
| The deferred tax asset is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (8,552) | (16,172)
| Tax losses carried forward | 645,568 | 739,312
|  | 637,016 | 723,140
| Management have produced forecasts that show continued and improving profits for 2026 and beyond and the company has made profits for the last 5 years to 31 December 2025 so full recognition of deferred tax asset for losses has been made.
13. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 4,384,886 Ordinary A shares of £0.1 each | 438,489 | 438,489
|  | Nil (2024 - 9,700) Deferred shares of £0.1 each | - | 970
|  |  | 438,489 | 439,459
| On 21st January 2025 the deferred shares were cancelled following a solvency statement in exchange for a payment of £970.
14. | Pension commitments
The company operates a defined contribution pension scheme for the benefit of the directors and employees. The assets of the scheme are administered by trustees in a fund independent from those of the group. The pension cost represents contributions payable by the company to these funds and amounted to £27,646 (2024 - £31,624) for the year. The pension fund balance outstanding at the reporting date was £Nil (2024 - £2,330). Page 12
TICCO FOODS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
15. | Commitments under operating leases
| At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 243,000 | 243,000
| Later than 1 year and not later than 5 years | 972,000 | 972,000
| Later than 5 years | 817,545 | 1,060,545
|  | 2,032,545 | 2,275,545
16. | Related party transactions
| Included within other creditors is an amount of £767,032 (2024 - £920,212) owed to F Vanoli, a director. Included within other creditors is an amount of £363,796 (2024 - £497,111) owed to G Pollara, a director. Included within other debtors is an amount due from a company controlled by the directors. At the year end the amount due from the company was £173,879 (2024 - £64,381 as restated). Included within other debtors is an amount due from a company controlled by the directors. At the year end the amount due from the company was £85,000 (2024 - £176,196).
17. | Prior year restatement
During the year, the company identified certain balances included in the prior year financial statements which were not valid as at the previous reporting date. Accordingly, the prior year figures have been restated to correct these balances. The adjustments relate to the following: ∙Irrecoverable asset previously recognised as recoverable, which has now been written off – £75,556. ∙A related party creditor previously recognised which was not valid at the prior year end and has therefore been written back – £100,000. ∙A related party debtor which was not considered recoverable and has therefore been written off – £117,947. The effect of these adjustments has been to decrease the profit for the prior year by £93,503 and increase net liabilities as at 31 December 2024 by £93,503. The comparative figures for the prior year have been restated accordingly.
18. | Controlling party
There is no ultimate controlling party.
Page 13