REGISTERED NUMBER: 08047704 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 30 September 2025

for

Olea Care Ltd

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

DIRECTORS:

G W Claffey

Mrs L Claffey

SECRETARY:

Miss L A Claffey

REGISTERED OFFICE:

20 Torkington Road

Hazel Grove

Stockport

Cheshire

SK7 4RQ

REGISTERED NUMBER:

08047704 (England and Wales)

AUDITORS:

Fairhurst Audit Services Ltd

Statutory Auditors

Chartered Accountants

Douglas Bank House

Wigan Lane

Lancashire

WN1 2TB

The directors present their strategic report for the year ended 30 September 2025.

The principal activities of the company during the year under review are the operation of a residential care home and day nursery.

REVIEW OF BUSINESS

The company operates a well established residential care home and an innovative, intergenerational day nursery located in Stockport. Fernlea provides high quality care for up to 48 residents in a purpose built environment designed around comfort, wellbeing, and meaningful social opportunities. The home has been carefully developed to ensure residents feel safe, supported, and proud to call it their home.

Fernbees, the first intergenerational day nursery in the North of England, opened in 2022 on the grounds of Fernlea and has continued to grow successfully. Fernbees offers high quality childcare for up to 30 children in an environment purposefully designed to encourage intergenerational interaction. The nursery promotes learning through exploration, imagination, and shared experiences, enabling children to take safe risks, build confidence, and develop relationships with individuals of all ages and backgrounds. This intergenerational model remains a unique strength of the company and a core part of its identity.

The company's philosophy of care underpins all aspects of its operations. It reflects our commitment to delivering excellent services, supporting residents and children holistically, and maintaining strong and respectful relationships with families, staff, and wider stakeholders. These values continue to guide our approach to management, service development, and quality improvement.

Our people remain central to our success. We are proud of the dedication, compassion, and professionalism demonstrated by all members of the Fernlea and Fernbees teams. Their commitment ensures the consistent delivery of high quality care and childcare services while fostering a warm, supportive, and inclusive community across both settings.

Over the past year, the company has placed particular emphasis on strengthening compliance, governance, and learning. This has included investment in staff training, enhancements to documentation and auditing processes, and the introduction of more structured development pathways. This focus has reinforced operational resilience, ensured alignment with regulatory requirements, and helped embed a culture of continuous learning and improvement across both the care and nursery environments.

Sustainability continues to be one of the company's core values. With the development of Fernbees, the company has progressed a number of environmental initiatives aimed at ensuring a positive long term impact for future generations. These include improvements to resource efficiency, environmentally conscious purchasing, and the integration of sustainability concepts into both children's learning experiences and operational planning.

During 2025, demand for the company's services increased, leading to a rise in turnover of 9.3%. Annual sales exceeded £4.0 million, and EBITDA remained strong at 22%. This financial performance demonstrates the continued success of the intergenerational model and the resilience of both the care home and nursery offering.

GOING CONCERN

The directors have reviewed the management accounts to date and the cash requirements for a period of 12 months from the date of approval of these financial statements, which indicate that, taking account of any possible reduction in occupation, the company will have sufficient funds to continue trading and to meet its liabilities as they fall due during that period. They therefore believe that it remains appropriate to prepare the financial statements on a going concern basis.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors consider the principal risks and uncertainties faced by the company to arise across the following areas:

Financial risk

The company's exposure to credit risk remains low, with trade debtors representing the main area of risk. Privately funded residents pay a deposit on admission, and credit risk for both private and publicly funded placements is managed through ongoing monitoring of payments against contractual terms. Cash flow is carefully managed as part of daily financial controls.

Operational risk

A key operational risk is the potential for reduced occupancy levels. Demand for residential and nursing care remains driven by need and is expected to grow over time. The company continues to mitigate this risk through effective marketing, strong relationships within the local community, and maintaining a positive reputation for quality.

The competitive nature of the UK care employment market presents ongoing challenges in recruiting and retaining skilled staff. The company supports workforce resilience by offering above National Living Wage pay rates for care staff, a competitive benefits package, and ongoing investment in training, development, and nationally recognised qualifications.

Regulatory risk

The company operates within a regulated environment overseen by the Care Quality Commission (CQC). Residential care services are assessed against five key lines of enquiry: whether they are safe, caring, responsive, effective, and well led. Homes are rated as inadequate, requires improvement, good, or outstanding.

A reduced rating could impact occupancy or give rise to local authority restrictions. The directors are pleased to report that the home continues to receive regular inspections and maintains an overall rating of Good.

FUTURE DEVELOPMENTS

The directors expect the operating environment to remain competitive. However, the company is well equipped to meet future demand through its strong service offering, experienced workforce, and commitment to continuous improvement. Planned refurbishments and infrastructure improvements will support the long term quality of the service and enhance resident experience.

FINANCIAL INSTRUMENTS

The company's exposure to price, credit, liquidity, and cash flow risks remains consistent with normal trading levels. These risks arise principally from day to day operations and are managed through established internal control procedures.

ON BEHALF OF THE BOARD:

G W Claffey - Director

11 May 2026

The directors present their report with the financial statements of the company for the year ended 30 September 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a nursing home for the elderly.

DIVIDENDS

Interim dividends per share were paid during the year as follows:

Ordinary £1

-

£2479.87

- 30 September 2025

A Ordinary £1

-

£1166.67

- 30 September 2025

The total distribution of dividends for the year ended 30 September 2025 will be £ 121,215 .

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 1 October 2024 to the date of this report.

G W Claffey

Mrs L Claffey

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

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

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Fairhurst Audit Services Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

G W Claffey - Director

11 May 2026

Opinion

We have audited the financial statements of Olea Care Ltd (the 'company') for the year ended 30 September 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its 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 company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

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

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

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

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

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.

- we identified the laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006;

- we identified those laws and regulations which do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining and understanding of how fraud might occur, by;

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud: and

- considered the internal control in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions; and

- Assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- enquiring of management as to actual and potential litigation and claims; and

- reviewing correspondence with HMRC, relevant regulators and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspections of regulatory and legal correspondence, if any.

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.

Louise Webster (Senior Statutory Auditor)

for and on behalf of Fairhurst Audit Services Ltd

Statutory Auditors

Chartered Accountants

Douglas Bank House

Wigan Lane

Lancashire

WN1 2TB

11 May 2026

TURNOVER

4,040,275

3,695,712

Cost of sales

238,032

221,843

GROSS PROFIT

3,802,243

3,473,869

Administrative expenses

3,166,217

2,854,522

636,026

619,347

Other operating income

47,918

44,052

OPERATING PROFIT

4

683,944

663,399

Interest receivable and similar income

26,965

21,432

710,909

684,831

Interest payable and similar expenses

5

185,574

206,118

PROFIT BEFORE TAXATION

525,335

478,713

Tax on profit

6

155,261

142,573

PROFIT FOR THE FINANCIAL YEAR

370,074

336,140

PROFIT FOR THE YEAR

370,074

336,140

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

370,074

336,140

FIXED ASSETS

Tangible assets

8

4,004,325

4,035,920

CURRENT ASSETS

Debtors

9

435,045

232,108

Cash at bank and in hand

1,188,731

1,133,986

1,623,776

1,366,094

CREDITORS

Amounts falling due within one year

10

685,447

672,544

NET CURRENT ASSETS

938,329

693,550

TOTAL ASSETS LESS CURRENT LIABILITIES

4,942,654

4,729,470

CREDITORS

Amounts falling due after more than one year

11

(2,614,878

)

(2,663,608

)

PROVISIONS FOR LIABILITIES

15

(97,419

)

(84,364

)

NET ASSETS

2,230,357

1,981,498

CAPITAL AND RESERVES

Called up share capital

16

75

75

Capital redemption reserve

17

25

25

Retained earnings

17

2,230,257

1,981,398

SHAREHOLDERS' FUNDS

2,230,357

1,981,498

The financial statements were approved by the Board of Directors and authorised for issue on 11 May 2026 and were signed on its behalf by:

G W Claffey - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 October 2023

75

1,708,258

25

1,708,358

Changes in equity

Dividends

-

(63,000

)

-

(63,000

)

Total comprehensive income

-

336,140

-

336,140

Balance at 30 September 2024

75

1,981,398

25

1,981,498

Changes in equity

Dividends

-

(121,215

)

-

(121,215

)

Total comprehensive income

-

370,074

-

370,074

Balance at 30 September 2025

75

2,230,257

25

2,230,357

Cash flows from operating activities

Cash generated from operations

1

917,216

947,527

Interest paid

(182,469

)

(206,118

)

Interest element of hire purchase payments paid

(3,105

)

-

Tax paid

(226,930

)

(103,012

)

Net cash from operating activities

504,712

638,397

Cash flows from investing activities

Purchase of tangible fixed assets

(192,463

)

(99,552

)

Interest received

26,965

21,432

Net cash from investing activities

(165,498

)

(78,120

)

Cash flows from financing activities

Loan repayments in year

(119,084

)

(89,941

)

New HP in the year

87,460

-

Capital repayments in year

(13,119

)

-

Amount introduced by directors

121,839

337,624

Amount withdrawn by directors

(288,312

)

(447,895

)

Movement in associated company loans

47,962

(167,392

)

Equity dividends paid

(121,215

)

(63,000

)

Net cash from financing activities

(284,469

)

(430,604

)

Increase in cash and cash equivalents

54,745

129,673

Cash and cash equivalents at beginning of year

2

1,133,986

1,004,313

Cash and cash equivalents at end of year

2

1,188,731

1,133,986

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

30.9.25

30.9.24

£

£

Profit before taxation

525,335

478,713

Depreciation charges

224,059

178,222

Loss on disposal of fixed assets

-

337

Finance costs

185,574

206,118

Finance income

(26,965

)

(21,432

)

908,003

841,958

(Increase)/decrease in trade and other debtors

(109,722

)

13,164

Increase in trade and other creditors

118,935

92,405

Cash generated from operations

917,216

947,527

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 30 September 2025

30.9.25

1.10.24

£

£

Cash and cash equivalents

1,188,731

1,133,986

Year ended 30 September 2024

30.9.24

1.10.23

£

£

Cash and cash equivalents

1,133,986

1,004,313

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.10.24

Cash flow

At 30.9.25

£

£

£

Net cash

Cash at bank and in hand

1,133,986

54,745

1,188,731

1,133,986

54,745

1,188,731

Debt

Finance leases

-

(74,341

)

(74,341

)

Debts falling due within 1 year

(126,155

)

7,071

(119,084

)

Debts falling due after 1 year

(2,663,608

)

112,012

(2,551,596

)

(2,789,763

)

44,742

(2,745,021

)

Total

(1,655,777

)

99,487

(1,556,290

)

1.	STATUTORY INFORMATION

Olea Care Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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

Turnover

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

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

-

2% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Additions are depreciated for a full year in the year of acquisition and none in the year of disposal.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the 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 company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

30.9.25

30.9.24

£

£

Wages and salaries

2,086,460

1,772,967

Other pension costs

116,069

219,064

2,202,529

1,992,031

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

30.9.25

30.9.24

Directors

2

2

Direct staff

75

73

77

75

30.9.25

30.9.24

£

£

Directors' remuneration

159,467

106,500

Directors' pension contributions to money purchase schemes

60,000

172,443

4.	OPERATING PROFIT

The operating profit is stated after charging:

30.9.25

30.9.24

£

£

Hire of plant and machinery

87,395

45,254

Depreciation - owned assets

224,058

178,223

Loss on disposal of fixed assets

-

337

Auditors' remuneration

7,060

6,500

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

30.9.25

30.9.24

£

£

Loan interest

182,469

206,118

Hire purchase

3,105

-

185,574

206,118

6.

TAXATION

Analysis of the tax charge

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

30.9.25

30.9.24

£

£

Current tax:

UK corporation tax

142,206

139,430

Deferred tax

13,055

3,143

Tax on profit

155,261

142,573

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

30.9.25

30.9.24

£

£

Profit before tax

525,335

478,713

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

131,334

119,678

Effects of:

Expenses not deductible for tax purposes

385

-

Depreciation on ineligible asset

23,542

22,895

Total tax charge

155,261

142,573

7.

DIVIDENDS

30.9.25

30.9.24

£

£

Ordinary shares of £1 each

Interim

96,715

35,000

A Ordinary shares of £1 each

Interim

24,500

28,000

121,215

63,000

8.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 October 2024

4,578,983

388,988

486,407

65,762

5,520,140

Additions

-

36,077

156,386

-

192,463

At 30 September 2025

4,578,983

425,065

642,793

65,762

5,712,603

DEPRECIATION

At 1 October 2024

880,517

181,909

363,077

58,717

1,484,220

Charge for year

91,579

60,789

69,929

1,761

224,058

At 30 September 2025

972,096

242,698

433,006

60,478

1,708,278

NET BOOK VALUE

At 30 September 2025

3,606,887

182,367

209,787

5,284

4,004,325

At 30 September 2024

3,698,466

207,079

123,330

7,045

4,035,920