Contents of the Financial Statements

for the Period Ended 31 December 2025

Directors report
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2025

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

Directors

The directors shown below have held office during the whole of the period from
1 January 2025 to 31 December 2025

Farah Baksh
Robert Cuthbertson
Alan Peasland
Chukwuma Onunkwo
Jodie Howlett
Harshitha Manjula Rajappa
David Price
Andrew Rowland

The directors shown below have held office during the period of
31 March 2025 to 31 December 2025

Martin Burrows
Wendy Garner

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

This report was approved by the board of directors on
8 July 2026

And signed on behalf of the board by:
Name: Farah Baksh
Status: Director

Balance sheet

As at 31 December 2025

	Notes	2025	2024
		£	£
Fixed assets
Intangible assets:		0
Tangible assets:		0
Investments:	3	42,282,103	37,564,422
Total fixed assets:		42,282,103	37,564,422
Current assets
Stocks:		0	0
Debtors:	4	1,505,853	1,600,239
Cash at bank and in hand:		710,976	411,450
Investments:		0	0
Total current assets:		2,216,829	2,011,689
Prepayments and accrued income:		0	0
Creditors: amounts falling due within one year:		0	0
Net current assets (liabilities):		2,216,829	2,011,689
Total assets less current liabilities:		44,498,932	39,576,111
Creditors: amounts falling due after more than one year:	5	( 296,281 )	( 323,242 )
Provision for liabilities:		0	0
Accruals and deferred income:		0	0
Total net assets (liabilities):		44,202,651	39,252,869
Members' funds
Profit and loss account:		44,202,651	39,252,869
Total members' funds:		44,202,651	39,252,869

The notes form part of these financial statements

Balance sheet statements

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

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

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

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

The directors have chosen not to file a copy of the company's profit and loss account.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2025

• 1. Accounting policies

  Basis of measurement and preparation

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

Notes to the Financial Statements

for the Period Ended 31 December 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	3	3