Contents of the Financial Statements

for the Period Ended 31 August 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 August 2025

The directors present their report with the financial statements of the company for the period ended 31 August 2025

Directors

The director shown below has held office during the period of
1 September 2024 to 14 July 2025

Ms A ARCHER

The director shown below has held office during the period of
1 September 2024 to 1 October 2024

Mr J Turner

The director shown below has held office during the period of
18 July 2025 to 31 August 2025

MR P M SMITH

The director shown below has held office during the period of
9 October 2024 to 31 August 2025

MR A SPACEY

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
21 May 2026

And signed on behalf of the board by:
Name: MR A SPACEY
Status: Director

Profit And Loss Account

for the Period Ended 31 August 2025

	2025	2024
	£	£
Turnover:	1,380,000	1,380,000
Gross profit(or loss):	1,380,000	1,380,000
Administrative expenses:	( 1,527,000 )	( 1,210,000 )
Operating profit(or loss):	(147,000)	170,000
Interest receivable and similar income:	1,000	1,000
Profit(or loss) before tax:	(146,000)	171,000
Tax:	182,000	( 28,000 )
Profit(or loss) for the financial year:	36,000	143,000

Balance sheet

As at 31 August 2025

	Notes	2025	2024
		£	£
Fixed assets
Tangible assets:	3	10,000	25,000
Investments:	4	70,341,000	70,341,000
Total fixed assets:		70,351,000	70,366,000
Current assets
Debtors:	5	261,000	39,000
Cash at bank and in hand:		6,000	2,000
Total current assets:		267,000	41,000
Creditors: amounts falling due within one year:	6	( 5,682,000 )	( 5,507,000 )
Net current assets (liabilities):		(5,415,000)	(5,466,000)
Total assets less current liabilities:		64,936,000	64,900,000
Total net assets (liabilities):		64,936,000	64,900,000
Capital and reserves
Called up share capital:		854,000	854,000
Share premium account:		46,151,000	46,151,000
Other reserves:		155,000	155,000
Profit and loss account:		17,776,000	17,740,000
Total Shareholders' funds:		64,936,000	64,900,000

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 August 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 August 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover Turnover, which is stated net of value added tax, represents amounts invoiced to third parties. Revenue is recognised following the transfer of the relevant rights of ownership to the customer. Turnover and pre-tax profit are attributable to the provision of management services to the Company’s subsidiaries

  Other accounting policies

  Pensions Leasing commitments Taxation Financial Instruments Going Concern Investment in Subsidiaries

Notes to the Financial Statements

for the Period Ended 31 August 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	2	4