ACCOUNTS - Final Accounts preparation

Registered number: 10527738

SDM HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

SDM HOLDINGS LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OFSDM HOLDINGS LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SDM Holdings Limited for the year ended 31 December 2025 which comprise the Group and Company Statement of financial positions and the related notes from the Company's accounting records and from information and explanations you have given to us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the director of SDM Holdings Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of SDM Holdings Limited and state those matters that we have agreed to state to the director of SDM Holdings Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SDM Holdings Limited and its director for our work or for this report.

It is your duty to ensure that SDM Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that SDM Holdings Limited is exempt from the statutory audit requirement for the .

We have not been instructed to carry out an audit or review of the financial statements of SDM Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bishop Fleming LLP

Salt Quay House

4 North East Quay

Sutton Harbour

Plymouth

PL4 0BN

8 July 2026

Page 1

SDM HOLDINGS LIMITED

REGISTERED NUMBER: 10527738

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		As restated 2024
Note		£		£

Fixed assets
Intangible assets	4		570,854		676,242
Tangible assets	5		1,640,287		1,693,545
			2,211,141		2,369,787
Current assets
Debtors	7	1,584,033		1,387,080
Cash at bank and in hand		677,504		564,967
		2,261,537		1,952,047
Creditors: amounts falling due within one year	8	(2,160,222)		(1,355,179)
Net current assets			101,315		596,868
Total assets less current liabilities			2,312,456		2,966,655
Creditors: amounts falling due after more than one year	9		(125,586)		(1,125,080)
Provisions for liabilities
Deferred taxation	10	(349,607)		(395,339)
			(349,607)		(395,339)
Net assets			1,837,263		1,446,236

Capital and reserves
Called up share capital	11	100	100
Profit and loss account		1,837,163	1,446,136
Equity attributable to owners of the parent Company		1,837,263	1,446,236

Page 2

SDM HOLDINGS LIMITED

REGISTERED NUMBER: 10527738

CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

The director considers 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 consolidated statement of income and retained earnings 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 8 July 2026.

Marc Philippe Chauveau

Director

The notes on pages 6 to 19 form part of these financial statements.

Page 3

SDM HOLDINGS LIMITED

REGISTERED NUMBER: 10527738

COMPANY STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		As restated 2024
Note		£		£

Fixed assets
Tangible assets	5		38,654		-
Investments	6		2,000,100		2,000,100
			2,038,754		2,000,100
Current assets
Debtors	7	187,127		85,331
Cash at bank and in hand		53,409		38,703
		240,536		124,034
Creditors: amounts falling due within one year	8	(1,076,863)		(325,012)
Net current liabilities			(836,327)		(200,978)
Total assets less current liabilities			1,202,427		1,799,122

Creditors: amounts falling due after more than one year	9		-		(932,129)
Provisions for liabilities
Deferred taxation	10	(5,601)		(25,953)
			(5,601)		(25,953)
Net assets			1,196,826		841,040

Capital and reserves
Called up share capital	11	100	100
Profit and loss account		1,196,726	840,940
		1,196,826	841,040

Page 4

SDM HOLDINGS LIMITED

REGISTERED NUMBER: 10527738

COMPANY STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

The director considers that the Company is entitled to exemption from the requirement to have an audit under the provisions of 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 consolidated statement of income and retained earnings 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 8 July 2026.

Marc Philippe Chauveau

Director

The notes on pages 6 to 19 form part of these financial statements.

Page 5

SDM HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

SDM Holdings Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 645 Portslade Road, London, SW8 3DH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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 Companies Act 2006.

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of income and retained earnings in these financial statements.

The following principal accounting policies have been applied:

2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form 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 Statement of financial position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of income and retained earnings from the date on which control is obtained. They are deconsolidated from the date control ceases.

2.3

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

2.4

Prior year adjustment

Where material adjustments are found to the prior year information, the prior year figures are restated to aid comparability. Further detail can be found in note 13.

Page 6

SDM HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group 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:

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 Group 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.

2.6

Operating leases: the Group as lessee

Rentals paid under operating leases are charged to profit or loss 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.

2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.8

Finance costs

Finance costs are charged to profit or loss 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.

2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 7

SDM HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.10

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group 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 Group in independently administered funds.

2.11

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 and the Group operate and generate 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;

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and

∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

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.

2.12

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Group but are presented separately due to their size or incidence.

Page 8

SDM HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.13

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.14

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives,

Depreciation is provided on the following basis:

Long-term leasehold property	-	Over the life of the lease
Plant and machinery	-	5% to 25% reducing balance
Motor vehicles	-	20% reducing balance
Fixtures and fittings	-	5% to 25% reducing balance
Computer equipment	-	5% to 25% reducing balance

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.

2.15

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 9

SDM HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.16

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.

2.17

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.

2.18

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.

2.19

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 profit or loss.

2.20

Financial instruments

The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Group's Statement of financial position when the Group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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 trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Page 10

SDM HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.20

Financial instruments (continued)

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

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

2.21

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2.22

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including the director, during the year was as follows:

	Group	Group	Company	Company
	2025	2024	2025	2024
	No.	No.	No.	No.

Employees (including directors)	71	75	16	17

Page 11

SDM HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Intangible assets
	Group and Company

	Other intangible assets	Goodwill	Total
	£	£	£
Cost
As restated at 1 January 2025	140,000	1,053,883	1,193,883
At 31 December 2025	140,000	1,053,883	1,193,883
Amortisation
As restated at 1 January 2025	140,000	377,641	517,641
Charge for the year on owned assets	-	105,388	105,388
At 31 December 2025	140,000	483,029	623,029
Net book value
At 31 December 2025	-	570,854	570,854
As restated at 31 December 2024	-	676,242	676,242

Page 12

SDM HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5.	Tangible fixed assets
	Group

	Leasehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£	£
Cost or valuation
As restated at 1 January 2025	359,120	2,525,592	927,169	847,520	98,575	4,757,976
Additions	-	22,086	52,144	37,839	3,773	115,842
At 31 December 2025	359,120	2,547,678	979,313	885,359	102,348	4,873,818
Depreciation
As restated at 1 January 2025	121,233	1,460,723	615,812	829,840	36,822	3,064,430
Charge for the year on owned assets	27,722	60,791	68,918	5,338	6,332	169,101
At 31 December 2025	148,955	1,521,514	684,730	835,178	43,154	3,233,531
Net book value
At 31 December 2025	210,165	1,026,164	294,583	50,181	59,194	1,640,287
As restated at 31 December 2024	237,886	1,064,869	311,357	17,680	61,753	1,693,545

Page 13

SDM HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5.Tangible fixed assets (continued)

	Company

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost or valuation
Additions	16,590	26,239	42,829
At 31 December 2025	16,590	26,239	42,829
Depreciation
Charge for the year on owned assets	3,173	1,002	4,175
At 31 December 2025	3,173	1,002	4,175
Net book value
At 31 December 2025	13,417	25,237	38,654
At 31 December 2024	-	-	-

Page 14

SDM HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

6.	Fixed asset investments

	Company

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2025	2,000,100
	At 31 December 2025	2,000,100

Debtors

Group	Group As restated	Company	Company As restated
2025	2024	2025	2024
£	£	£	£



Trade debtors	1,225,273	1,028,779	12,803	-
Amounts owed by connected companies	150,446	150,445	174,324	82,861
Other debtors	92,607	88,763	-	2,470
Prepayments and accrued income	115,707	119,093	-	-
	1,584,033	1,387,080	187,127	85,331

Page 15

SDM HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

8.	Creditors: Amounts falling due within one year
		Group	Group As restated	Company	Company As restated
		2025	2024	2025	2024
		£	£	£	£

Other loans	932,129	299,285	932,129	299,285
Trade creditors	152,081	171,032	28,077	1,645
Corporation tax	243,325	130,067	15,976	-
Other taxation and social security	288,858	247,205	82,576	12,004
Obligations under finance lease and hire purchase contracts	107,056	87,169	-	-
Other creditors	22,939	24,687	8,305	6,978
Accruals	27,800	9,700	9,800	5,100
Deferred income	386,034	386,034	-	-
	2,160,222	1,355,179	1,076,863	325,012

The following liabilities were secured:
	Group	Group	Company	Company
	2025	2024	2025	2024
	£	£	£	£

Other loans

932,129

299,285

932,129

299,285

Details of security provided:

The loans are secured by way of fixed and floating charges over all the property and undertaking of the company containing a negative pledge.

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

Page 16

SDM HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

9.	Creditors: Amounts falling due after more than one year
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Other loans	-	932,129	-	932,129
Net obligations under finance leases and hire purchase contracts	125,586	192,951	-	-
	125,586	1,125,080	-	932,129

The following liabilities were secured:
	Group	Group	Company	Company
	2025	2024	2025	2024
	£	£	£	£


	Other loans	-	932,129	-	932,129

Details of security provided:

The loans are secured by way of fixed and floating charges over all the property and undertaking of the company containing a negative pledge.

10.	Deferred taxation
	Group

		2025
		£

	As restated at 1 January 2025	(395,339)
	Charged to profit or loss	45,732
	At 31 December 2025	(349,607)

Page 17

SDM HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

10.Deferred taxation (continued)

Company

		2025
		£

	At beginning of year	(25,953)
	Charged to profit or loss	20,352
	At 31 December 2025	(5,601)

The provision for deferred taxation is made up as follows:
	Group	Group As restated	Company	Company As restated
	2025	2024	2025	2024
	£	£	£	£

Accelerated capital allowances	(352,104)	(358,998)	(6,343)	-
Short term timing differences	2,497	(32,782)	742	(22,394)
Other item	-	(3,559)	-	(3,559)
	(349,607)	(395,339)	(5,601)	(25,953)

11.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

35 (2024: 35) A Ordinary shares of £1.00 each	35	35
15 (2024: 15) B Ordinary shares of £1.00 each	15	15
50 (2024: 50) Ordinary shares of £1.00 each	50	50

	100	100

Page 18

SDM HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

12.	Prior year adjustment

During the year it became apparent that, for the years ended 2024 and 2023, income received in year but relating to services provided early in the following year had not been correctly deferred. Rental cost prepayments had also not been recognised. The effect of these on the balance sheet position is material and so restatements have been made to the prior period balance sheet.

13.	Commitments under operating leases
	At 31 December 2025 the Group and the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Not later than 1 year	1,114,840	861,816	253,024	253,024
Later than 1 year and not later than 5 years	3,049,313	2,873,539	442,405	695,429
Later than 5 years	2,126,009	2,705,720	-	-
	6,290,162	6,441,075	695,429	948,453

14.	Related party transactions
	Transactions with the entity's director During the year, dividends paid to the director and other shareholder were £322,965 (2024: £356,777). As a Holding Company with wholly owned subsidiaries, the company has taken the advantage of the exemption contained in s. 1AC.35 of FRS102, and not disclosed transactions or balances with wholly owned group entities.

Page 19