The directors present the strategic report for the year ended 31 July 2025.

The directors aim to present a balanced and comprehensive review of the performance of the group during the year and of its position at the year end. This review is consistent with the size and nature of the group and is written in the context of the risks and uncertainties that the group faces.

The principal activity of the company is that of a holding company and restaurant. The principal activity of the group continued to be that of restaurateurs.

The directors consider that the key financial performance indicators are those which communicate the financial performance and strength of the group as a whole, being turnover and gross profit margin. During the year, the group’s turnover increased by 9.4%. The loss before taxation was £177,881 with a gross profit margin of 73.1%, compared with a profit before taxation of £458,204 and 74.2% for the previous year.

On 11 September 2024, Chris Newell (Quantuma Advisory Limited) was appointed Administrator of the group

subsidiary company, Casa El Pastor Limited. Trade of the subsidiary ceased at this time and the group no longer has control over the assets of the subsidiary. Therefore the subsidiary has been eliminated from consolidation for the current year group accounts. The company remains in administration at the date of signing the financial statements.

In light of the current economic climate and competitive nature of the industry in which the group operates, the results for the year and the financial position of the group at the year end were considered satisfactory by the directors who believe that the group is well placed to react quickly to any changes in trading conditions and to take advantage of any business opportunities that may arise.

The directors continually monitor the principal risks and uncertainties of the business and seek to mitigate any such risks. The directors believe that the principal risk factors facing the businesses include: reputational issues, loss of key personnel, and cost increases beyond their control from wage legislation, business rates, energy costs and food cost changes. The group responds to the highly competitive nature of the restaurant industry by continually improving the standard of its products, both in terms of facilities and levels of service.

On behalf of the board

The directors present their report and financial statements for the year ended 31 July 2025.

The principal activity of the company and group continued to be that of restaurateurs.

The results for the year are set out on page 7.

No ordinary dividends were paid. The directors do not recommend payment of a dividend.

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

The directors are responsible for preparing the Annual Report 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 group and company, 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;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

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

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and 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 group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

We have audited the financial statements of El Pastor Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 July 2025 which comprise the group statement of income and retained earnings, the group balance sheet, the company balance sheet, the group statement of cash flows and notes to the financial statements, including 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 the parent company's affairs as at 31 July 2025 and of the group's loss 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent 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.

Material uncertainty 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.

We draw attention to note 1.3 of the financial statements concerning the group and parent company’s ability to continue as a going concern. The group had net current liabilities of £5,768,435 and the company had net current liabilities of £2,905,940 as at 31 July 2025. These conditions, along with other matters as set forth in note 1.3, indicate that a material uncertainty exists that may cast doubt on the company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.

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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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. 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 course of 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 our audit:

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

• the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

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

We have nothing to report in respect of the following matters in relation to which 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.

As explained more fully in the Directors' Responsibilities Statement set out on page 2, 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 is 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 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 company or to cease operations, or have no realistic alternative but to do so.

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 an auditor's report 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. 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, responsibility for the prevention and detection of fraud ultimately rests with both those charged with governance and management of the group and parent company.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

• obtaining an understanding of the legal and regulatory framework applicable to the group and parent company by considering the nature of the industry in which the group and parent company operates and enquiring of management; and

• identifying the key laws and regulations considered to have a direct impact on the financial statements including the UK Companies Act 2006, UK Generally Accepted Accounting Practice and UK tax legislation. Other regulations identified which were not considered to have a direct impact on the financial statements but which were considered central to the ability of the group and parent company to operate were food safety and hygiene regulations, fire safety regulations, the Licencing Act and Health and Safety Act; and

• assessing how the group and parent company is complying with the applicable legal and regulatory framework by making further enquiries of management and observing the group and parent company's control environment regarding compliance with regulations and fraud prevention; and

• assessing the susceptibility of the group and parent company’s financial statements to material misstatement, including how fraud might occur, by considering the effectiveness of the company’s accounting systems and controls and how these were monitored by management. Where the risk of material misstatement was considered to be higher in certain areas, further audit procedures were designed to address this increased risk; and

• discussing amongst the engagement team how and where fraud might occur in the financial statements and any potential indicators of fraud.

Our procedures to respond to risks identified included the following:

• reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; and

• enquiry of group and parent company staff responsible for compliance to identify any instances of non-compliance with laws and regulations; and

• reviewing supporting documentation confirming compliance with specific laws and regulations considered central to the ability of the group and parent company to operate; and

• enquiry of management, those charged with governance and other relevant parties around actual and potential litigation claims; and

• performing audit work over revenue recognition including analytical procedures and substantive tests of

detail of a sample of revenue transactions; and

• performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias; and

• communicating identified laws and regulations and potential fraud risks to all engagement team members and assessing whether there are any indications of fraud or non-compliance with laws and regulations throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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 an auditor's report 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.

These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.

As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s loss for the year was £709,564 (2024 - £175,981).

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

El Pastor Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is The Old Hall, Main Street, Market Overton, Rutland, LE15 7PL.

The group consists of El Pastor Limited and its subsidiaries but excludes Casa El Pastor Limited due to this company being in administration during the year and the group no longer having control.

These financial statements have been prepared in accordance with applicable accounting standards including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirement for parent company information presented within the consolidated financial statements:true

• Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures.

See note 1.3 for further details regarding going concern.

The consolidated group financial statements consist of the financial statements of the parent company El Pastor Limited together with all entities controlled by the parent company (its subsidiaries) except for Casa El Pastor Limited as detailed in note 1.

All financial statements are made up to 31 July 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

These financial statements have been prepared on the going concern basis. The directors have a reasonable expectation that the group and parent company will continue in operational existence for the foreseeable future. However, the directors are aware of certain material uncertainties which may cast doubt on the group and parent company's ability to continue as a going concern.

The group and parent company meet their day to day working capital requirements via funding from related parties. The related parties have given assurances that they will continue to support the group and parent company by such means and that they will not call on these loans until the group and parent company has sufficient financial resources to pay them. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of support by the related parties.

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, is shown net of VAT and comprises the sale of food and beverages, which is recognised at the point of sale.

Research and development expenditure is written off to the profit and loss account in the year in which it is incurred.

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

In the parent company financial statements, investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount in order to determine the extent of the impairment loss (if any). Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Debtors and creditors with no stated interest rate and receivable or payable within one year are measured at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans are initially measured at transaction price and subsequently measured at amortised cost using the effective interest method.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to the profit and loss account on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

The group considers whether tangible and intangible fixed assets are impaired. Where an indication of impairment is identified the estimation of recoverable value requires estimation of the recoverable value of the fixed assets. The useful economic lives and residual values of tangible and intangible fixed assets are estimated based on economic utilisation and physical condition of the assets and are amended when necessary resulting in changes to the annual depreciation and amortisation charge.

All turnover originates in the United Kingdom from the group's principal activity.

The average monthly number of persons (including directors) employed by the group and company during the year was:

Their aggregate remuneration comprised:

On 11 September 2024, Chris Newell (Quantuma Advisory Limited) was appointed Administrator of the group subsidiary company, Casa El Pastor Limited. Trade of the subsidiary ceased at this time and the group no longer has control over the subsidiary. Therefore the subsidiary has been eliminated from consolidation for the current year group accounts. The company remains in administration at the date of signing the financial statements.

The actual charge for the year can be reconciled to the expected (credit)/charge for the year based on the profit or loss and the standard rate of tax as follows:

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.

Details of the company's subsidiaries at 31 July 2025 are as follows:

The registered office address of El Pastor Trademark Ltd and Tacoparty Ltd is 6 Wing Lane, Pilton, Oakham, Rutland, United Kingdom, LE15 9NR.

The registered office address of Casa El Pastor Limited is 1st Floor, 21 Station Road, Watford, Herts, WD17 1AP.

The registered office address of all other subsidiaries is the same as the company's registered office address as given in the company information page of these financial statements.

Group

In addition to the company bank loans detailed below, the following bank loans were held within the group:

Bank loans include a CBILS loan of £100,000 which is repayable by 66 monthly instalments up to October 2026 following an interest and repayment free period of 6 months. The loan carries a floating interest rate of a minimum of 3.19% per annum.

Company

Bank loans include a loan of £150,000 which is repayable by 60 monthly instalments up to March 2026. The loan carries a fixed interest rate of 7.5% per annum and is secured on the assets to which it relates.

Bank loans include a loan of £150,000 which is repayable by 60 monthly instalments up to March 2026. The loan carries a fixed interest rate of 7.5% per annum and is secured on the assets to which it relates.

Bank loans include a BBLS loan of £50,000 which is repayable by 60 monthly instalments up to August 2026 following an interest and repayment free period of 12 months. Interest for the first 12 months is to be paid by the Government. The loan carries a fixed interest rate of 2.50% per annum.

Bank loans include a loan of £200,000 which is repayable by 36 monthly instalments up to March 2027. The loan carries a fixed interest rate of 10% per annum and is secured on the assets to which it relates.

Bank loans include a loan of £200,000 which is repayable by 60 monthly instalments up to April 2029. The loan carries a fixed interest rate of 9% per annum and is secured on the assets to which it relates.

Other loans include a loan of £200,000 which is repayable on demand and which carries interest of 9.5% above bank base rate. A debenture has been given as security for this loan.

Other loans include a loan of £500,000 which is repayable on demand and which carries interest of 9.5% above bank base rate. A debenture has been given as security for this loan.

Other loans include a loan of £500,000 which is repayable on demand and which carries interest of 9.5% above bank base rate. A debenture has been given as security for this loan.

Other loans include a loan of £500,000 which is repayable on demand and which carries interest of 9.5% above bank base rate. A debenture has been given as security for this loan.

Finance lease payments represent rentals payable by the company or group for certain items of fixtures, fittings and equipment. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is between 3-5 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments. Finance leases are secured on the assets to which they relate.

Other provisions in the prior year related to subsidiary Casa El Pastor Limited which has been eliminated from consolidation in the current year as detailed in note 1.

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

The Ordinary, A Ordinary and B Ordinary shares carry the right to attend, speak and vote at all general meetings of the company and to participate in any dividends. The C Ordinary, D Ordinary, E Ordinary, F Ordinary and G Ordinary shares carry a right to participate in any dividends. On a return of capital, the surplus assets will be distributed on the basis of the relevant priority arrangement as set out in article 12 in the Articles of Association for the company.

The profit and loss reserve comprises retained profits and losses for the current and prior periods.

The share premium reserve represents the premium on shares issued at a value that exceeds their nominal value.

A company with common directors acts as guarantor for loans amounting to £1,311,111 (2024 - £1,877,778) within the parent company and finance leases amounting to £249,609 (2024 - £330,179) within the group.

The parent company acts as guarantor for finances leases amounting to £101,978 (2024 - £147,215) within the group.

A subsidiary of the group acts as guarantor for loans amounts to £111,111 (2024 - £177,778) within the group.

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Amounts contracted for but not provided in the financial statements:

Group

During the year, the following transactions were made to companies which have common directors. Purchases and management charges of £1,281,154 (2024 - £878,191), rental charges of £662,926 (2024 - £625,255) and sales of £Nil (2024 - £11,044). Amounts due from these companies at the year end totalled £140,606 (2024 - £157,037). Amounts due to these companies at the year end totalled £1,359,385 (2024 - £390,557).

Creditors include £2,509,340 (2024 - £2,914,518) owed to companies which have common directors. Interest of £170,521 (2024 - £271,037) was raised in relation to these balances.

Company

During the year, the company made purchases and management charges to companies which have common directors of £463,337 (2024 - £365,872). Amounts due from these companies at the year end totalled £107,072 (2024 - £850,559). Amounts due to these companies at the year end totalled £1,401,525 (2024 - £820,487).

Creditors include £2,509,340 (2024 - £2,914,518) owed to companies which have common directors. Interest of £170,521 (2024 - £271,037) was raised in relation to these balances.

Creditors includes an amount of £478 (2024 - £478) owed to the company directors.

The prior period adjustment relates to a restatement of the profit and loss account and balance sheet figures for the year ended 31 July 2024 in relation to incorrectly calculated prepayments and accruals totalling £64,172. The comparative figures have been adjusted as follows: