REGISTERED NUMBER: 16007962 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Period

9 October 2024 to 28 February 2026

for

ITCGH Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Consolidated Profit and Loss Account

9

Consolidated Balance Sheet

10

Company Balance Sheet

11

Consolidated Cash Flow Statement

12

Notes to the Consolidated Cash Flow Statement

13

Notes to the Consolidated Financial Statements

14

DIRECTORS:

C G Potts

L Potts

J Healey

REGISTERED OFFICE:

9 Merchant Court

Monkton Business Park South

Hebburn

NE31 2EX

REGISTERED NUMBER:

16007962 (England and Wales)

SENIOR STATUTORY AUDITOR:

Kevin Shotton BA BFP FCA

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

140 Coniscliffe Road

Darlington

County Durham

DL3 7RT

The directors present their strategic report of the company and the group for the period 9 October 2024 to 28 February 2026.

The principal activity of the company is to act as an investment holding company to its subsidiary undertakings.

The principal activity of the Group is the provision of managed IT services to UK-based SMEs. The Group delivers a comprehensive range of technology solutions, including managed IT support, cyber security, cloud and infrastructure services, connectivity, hardware solutions and strategic IT consultancy.

REVIEW OF BUSINESS

The Group delivered strong growth during the extended accounting period, with revenue increasing across all service lines. This performance reflects continued investment in its people, operational infrastructure and technology, strengthening the Group's ability to deliver high-quality services while supporting future expansion.

During the period, the Group further enhanced its operational and governance framework by achieving three internationally recognised ISO accreditations:

- ISO 9001 Quality Management

- ISO 22301 Business Continuity Management

- ISO 27001 Information Security

Looking ahead, the Directors believe the Group is well positioned to continue its growth trajectory. Supported by a strong market position, a scalable operating platform and a healthy pipeline of opportunities, the Group intends to drive further organic growth alongside selective strategic acquisitions that complement its service offering and geographic reach.

Key KPI's

2026

Revenue (£'000s)

9,496,210

EBITDA (£'000s)

1,475,068

Cash (£'000s)

4,599,978

PRINCIPAL RISKS AND UNCERTAINTIES

The following key risks have been identified as having a potential impact to the group's performance and position:

Economic risk

The SME client base is susceptible to changes in the economic environment, with the current outlook challenging for many. Government policy continues to drive increased employment costs and the international events in both Ukraine and Iran exacerbate an already challenging energy environment. This puts pressure on margins for SMEs that can lead to deferred decision making on investment projects that can reduce demand for some IT services, particularly consultancy and project delivery. These risks are mitigated by the diverse client base which spans a range of sectors

Liquidity risk

The Directors regularly monitor financial information to ensure the ongoing liquidity of the group remains within its financial obligations.

ON BEHALF OF THE BOARD:

C G Potts - Director

7 July 2026

The directors present their report with the financial statements of the company and the group for the period 9 October 2024 to 28 February 2026.

INCORPORATION

The group was incorporated on 9 October 2024 .

DIVIDENDS

No dividends will be distributed for the period ended 28 February 2026.

DIRECTORS

The directors who have held office during the period from 9 October 2024 to the date of this report are as follows:

C G Potts - appointed 9 October 2024

L Potts - appointed 28 October 2024

J Healey - appointed 28 October 2024

L D Shorten - appointed 28 October 2024 - resigned 7 October 2025

All the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he 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 group's auditors are aware of that information.

AUDITORS

The auditors, Clive Owen LLP, were appointed during the year.

ON BEHALF OF THE BOARD:

C G Potts - Director

7 July 2026

Opinion

We have audited the financial statements of ITCGH Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 28 February 2026 which comprise the Consolidated Profit and Loss Account, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 28 February 2026 and of the group's loss for the period then ended;

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

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

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

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

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, to detect material misstatements in respect of irregularities, including fraud. Our audit must be alert to the risk of manipulation of the financial statements and seek to understand the incentives and opportunities for management to achieve this.

We undertake the following procedures to identify and respond to these risks of non-compliance:

-

Understanding the key legal and regulatory frameworks that are applicable to the company. We communicated identified laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit. We determined the most significant of these to be around ISO9001, ISO22301, ISO27001, GDPR, health & safety, waste and chemical regulations, employment law, company law and taxation law.

-

Enquiry of directors and management as to policies and procedures to ensure compliance and any known instances of non-compliance.

-

Review of board minutes and correspondence with regulators.

-

Enquiry of directors and management as to areas of the financial statements susceptible to fraud and how these risks are managed.

-

Challenging management on key estimates, assumptions and judgements made in the preparation of the financial statements. These key areas of uncertainty are disclosed in the accounting policies.

-

Identifying and testing unusual journal entries, with a particular focus on manual journal entries.

Through these procedures, we did not become aware of actual or suspected non-compliance.

We planned and performed our audit in accordance with auditing standards but owing to the inherent limitations of

procedures required in these areas, there is an unavoidable risk that we may not have detected a material is statement in the accounts. The further removed non-compliance with laws and regulations is from the events and transaction reflected in the financial statements, the less likely we would become aware of it. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve concealment, collusion, forgery, misrepresentations, or override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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.

Kevin Shotton BA BFP FCA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

Chartered Accountants

& Statutory Auditors

140 Coniscliffe Road

Darlington

County Durham

DL3 7RT

7 July 2026

TURNOVER

9,496,210

Cost of sales

(3,828,330

)

GROSS PROFIT

5,667,880

Administrative expenses

(5,311,187

)

OPERATING PROFIT

4

356,693

Interest receivable and similar income

104,506

461,199

Interest payable and similar expenses

5

(684,828

)

LOSS BEFORE TAXATION

(223,629

)

Tax on loss

6

(211,090

)

LOSS FOR THE FINANCIAL PERIOD

(434,719

)

RETAINED EARNINGS FOR THE GROUP AT END OF PERIOD

(434,719

)

Loss attributable to:

Owners of the parent

(434,719

)

FIXED ASSETS

Intangible assets

8

6,644,148

Tangible assets

9

776,929

Investments

10

-

7,421,077

CURRENT ASSETS

Stocks

11

56,587

Debtors

12

1,195,461

Cash at bank

4,599,978

5,852,026

CREDITORS

Amounts falling due within one year

13

(1,389,901

)

NET CURRENT ASSETS

4,462,125

TOTAL ASSETS LESS CURRENT LIABILITIES

11,883,202

CREDITORS

Amounts falling due after more than one year

14

(4,841,868

)

PROVISIONS FOR LIABILITIES

17

(31,433

)

NET ASSETS

7,009,901

CAPITAL AND RESERVES

Called up share capital

18

7,444,620

Retained earnings

19

(434,719

)

SHAREHOLDERS' FUNDS

7,009,901

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2026 and were signed on its behalf by:

C G Potts - Director

FIXED ASSETS

Intangible assets

8

-

Tangible assets

9

-

Investments

10

10,719,740

10,719,740

CURRENT ASSETS

Debtors

12

924,157

CREDITORS

Amounts falling due within one year

13

(59,544

)

NET CURRENT ASSETS

864,613

TOTAL ASSETS LESS CURRENT LIABILITIES

11,584,353

CREDITORS

Amounts falling due after more than one year

14

(4,841,868

)

NET ASSETS

6,742,485

CAPITAL AND RESERVES

Called up share capital

18

7,444,620

Retained earnings

19

(702,135

)

SHAREHOLDERS' FUNDS

6,742,485

Company's loss for the financial year

(702,135

)

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2026 and were signed on its behalf by:

C G Potts - Director

Cash flows from operating activities

Cash generated from operations

1

849,099

Interest paid

(342,960

)

Tax paid

(437,286

)

Net cash from operating activities

68,853

Cash flows from investing activities

Purchase of intangible fixed assets

(15,000

)

Purchase of tangible fixed assets

(63,310

)

Purchase of subsidiary

(2,495,071

)

Interest received

104,506

Net cash from investing activities

(2,468,875

)

Cash flows from financing activities

New loans in year

4,500,000

Share issue

2,500,000

Net cash from financing activities

7,000,000

Increase in cash and cash equivalents

4,599,978

Cash and cash equivalents at beginning of period

2

-

Cash and cash equivalents at end of period

2

4,599,978

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

£

Loss before taxation

(223,629

)

Depreciation charges

1,102,090

Loss on disposal of fixed assets

1,887

Finance costs

684,828

Finance income

(104,506

)

1,460,670

Decrease in stocks

38,870

Increase in trade and other debtors

(302,740

)

Decrease in trade and other creditors

(347,701

)

Cash generated from operations

849,099

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:

Period ended 28 February 2026

28.2.26

9.10.24

£

£

Cash and cash equivalents

4,599,978

-

3.	ANALYSIS OF CHANGES IN NET DEBT

At 9.10.24

Cash flow

At 28.2.26

£

£

£

Net cash

Cash at bank

-

4,599,978

4,599,978

-

4,599,978

4,599,978

Debt

Debts falling due after 1 year

-

(4,841,868

)

(4,841,868

)

-

(4,841,868

)

(4,841,868

)

Total

-

(241,890

)

(241,890

)

1.	STATUTORY INFORMATION

ITCGH Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Basis of consolidation

The consolidated financial statements presents the results of the Group and its subsidiaries "the Group" as if they formed a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of the acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control was obtained. They are deconsolidated on the date control ceases.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Significant judgements and estimates

The preparation of financial statements in compliance with FRS 102 requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses.

Key sources of estimation uncertainty

The key assumptions concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year include:

- Impairment of debtors and other receivables :- assessing the recoverability of debtors and other receivables at each reporting date, with provisions based on expected credit losses considering ageing, historical default rates, current economic conditions and forward-looking information. Significant judgement is required, particularly for overdue or disputed balances, and changes in customer credit risk or economic conditions could result in material adjustments.

- Valuation of investments and goodwill :- reviewing for impairment where indicators arise, estimating recoverable amounts using value-in-use or fair value models. This involves judgement in key assumptions such as forecast cash flows, growth rates, discount rates and business performance, and changes in these assumptions could lead to material adjustments to carrying values.

- Accruals and provisions :- recognised based on management’s estimate of obligations at the reporting date, taking into account contractual terms, historical experience and, where relevant, external advice. Judgement is required in assessing the timing and quantum of future outflows, and actual outcomes may differ, potentially resulting in material adjustments.

Turnover

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

Income recognition

Turnover is recognised when the goods have been despatched or service works have been completed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Long leasehold

-

over period of the lease

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period 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.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

£

Wages and salaries

2,931,652

Social security costs

322,597

Other pension costs

88,033

3,342,282

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

Sales

11

Marketing

3

Services

37

Leadership

1

Accounts

4

56

£

Directors' remuneration

224,244

Directors' pension contributions to money purchase schemes

50,096

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

2

Information regarding the highest paid director is as follows:

£

Emoluments etc

116,909

Pension contributions to money purchase schemes

47,598

4.	OPERATING PROFIT

The operating profit is stated after charging:

£

Depreciation - owned assets

80,779

Loss on disposal of fixed assets

1,887

Goodwill amortisation

1,020,061

Computer software amortisation

1,250

Auditors' remuneration

25,050

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

£

Bank interest

41

Loan

683,737

Interest payable

1,050

684,828

6.

TAXATION

Analysis of the tax charge

The tax charge on the loss for the period was as follows:

£

Current tax:

UK corporation tax

216,190

Deferred tax

(5,100

)

Tax on loss

211,090

Reconciliation of total tax charge included in profit and loss

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

£

Loss before tax

(223,629

)

Loss multiplied by the standard rate of corporation tax in the UK of 25 %

(55,907

)

Effects of:

Expenses not deductible for tax purposes

1,560

Depreciation in excess of capital allowances

265,437

Total tax charge

211,090

7.	INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

8.	INTANGIBLE FIXED ASSETS

Group

Computer

Goodwill

software

Totals

£

£

£

COST

Additions

7,650,459

15,000

7,665,459

At 28 February 2026

7,650,459

15,000

7,665,459

AMORTISATION

Amortisation for period

1,020,061

1,250

1,021,311

At 28 February 2026

1,020,061

1,250

1,021,311

NET BOOK VALUE

At 28 February 2026

6,630,398

13,750

6,644,148

9.	TANGIBLE FIXED ASSETS

Group

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

Additions

617,290

96,758

7,323

Disposals

-

-

-

At 28 February 2026

617,290

96,758

7,323

DEPRECIATION

Charge for period

9,156

35,964

2,298

Eliminated on disposal

-

-

-

At 28 February 2026

9,156

35,964

2,298

NET BOOK VALUE

At 28 February 2026

608,134

60,794

5,025

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

Additions

82,505

54,766

858,642

Disposals

-

(2,605

)

(2,605

)

At 28 February 2026

82,505

52,161

856,037

DEPRECIATION

Charge for period

20,626

12,735

80,779

Eliminated on disposal

-

(1,671

)

(1,671

)

At 28 February 2026

20,626

11,064

79,108

NET BOOK VALUE

At 28 February 2026

61,879

41,097

776,929

10.	FIXED ASSET INVESTMENTS

Company

Shares in

group

undertakings

£

COST

Additions

10,719,740

At 28 February 2026

10,719,740

NET BOOK VALUE

At 28 February 2026

10,719,740