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Registered number: 08959190 ELLIESLEA BLAKE LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Kirk LLP Chartered Accountants and Statutory Auditors Sherwood House 7 Gregory Boulevard Nottingham NG7 6LB
ELLIESLEA BLAKE LIMITED
CONTENTS
| Page
Company Information | 1
Group Strategic Report | 2 - 3
Directors' Report | 4
Directors' Responsibilities Statement | 5
Independent Auditors' Report | 6 - 9
Consolidated Profit and Loss Account | 10
Consolidated Balance Sheet | 11
Company Balance Sheet | 12
Consolidated Statement of Changes in Equity | 13 - 14
Company Statement of Changes in Equity | 15 - 16
Consolidated Statement of Cash Flows | 17
Notes to the Financial Statements | 18 - 33
ELLIESLEA BLAKE LIMITED
COMPANY INFORMATION
Directors | Mrs Z V Ishak
| Mr Z M Majid
| Dr A Majid (appointed 30 August 2024)
Registered number | 08959190
Registered office | Sherwood House
| 7 Gregory Boulevard
| Nottingham
| NG76LB
Independent auditors | Page Kirk LLP
| Chartered Accountants and Statutory Auditors
| Sherwood House
| 7 Gregory Boulevard
| Nottingham
| NG7 6LB
Page 1
ELLIESLEA BLAKE LIMITED
GROUP STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 The directors present their strategic report for the year ended 31 March 2025.
Principal activity
The principal activity of the group is the provision of dental services.
Fair review of the business
The directors are pleased to report that group turnover has increased to £11,005,783 (2024 - £10,045,930) in the year with the gross profit margin declining to 55.23% (2024 - 59.04%). The consistent turnover is attributable to the continued support provided to NHS contract holders and private fees. The increase in cost of sales of £812,346 from £4,114,594 to £4,926,940 mainly relates to the increase in associate fees incurred due to the reduced staff employed by the group. The group profit after taxation rose to £1,769,262 (2024 - £1,476,485). The objective going forward is to continue to attract and retain good quality dentists.
Principal risks and uncertainties
The group’s resources and experience in both the fulfilment of NHS contracts and provision of private dental work presents a balanced position of risks and opportunities. The principal risks faced by the group are the supply and retention of qualified dental associates, particularly within rural practices owned by the group. These risks are mitigated by the close monitoring of the labour market within the industry and taking such steps as the directors consider necessary to maintain the group’s competitiveness. Price risk regarding revenue from NHS contracts is subject to central government funding commitments over which the group has limited influence and is set annually. Given the perceived importance of healthcare related funding, the directors are confident that this does not present a significant risk to the short-term operations of the group. Price risk regarding revenue from private work is managed by regularly reviewing the charges set in relation to market benchmarks to maintain the group’s continued competitiveness. Cashflow risk continues to be managed through a system of internal controls and monitoring procedures to keep the working capital cycle as short as possible with a strong emphasis on clearly identifying the group’s cash requirements in the short, medium and long term. Employment risk regarding the recruitment and retention of overseas associates is subject to the costs of initially sponsoring the employee for their workplace visa and the training to UK standards. This is monitored closely by management to ensure that recruitment and training processes are carried out to a high standard standard. Employment risk regarding non-associate staff is subject to the continual increase in minimum wage set by central government, which the group has limited influence. As the group has suifficient cash reserves, this is not considered to be a signficant risk at this moment. Page 2
ELLIESLEA BLAKE LIMITED
GROUP STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Financial key performance indicators
The directors monitor the group's performance in a number of ways, including key performance indicators and monthly management accounts for each individual company. The key performance indicators are - The monitoring of NHS income on a year-on-year basis. For 2025, NHS income has increased to £5,948,321 (2024 - £5,716,739). Improving the percentage of private dental income generated to equate to a 50/50 split between NHS and private dental income. For 2025, the proporting of private income has slightly decreased to 42.12% of total dental income (2024 - 43.09%). Ensuring that a reasonable gross profit margin is maintained. For 2025, this has decreased to 55.23% (2024 - 59.04%). This report was approved by the board on 28 July 2026 and signed on its behalf.
Mr Z M Majid Director
Page 3
ELLIESLEA BLAKE LIMITED
DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2025 The directors present their report and the financial statements for the year ended 31 March 2025.
Results and dividends
The profit for the year, after taxation, amounted to £1,769,262 (2024 - £1,476,485). The dividends declared in the year were £287,394 (2024 - £287,394).
Directors of the group
The directors who served during the year were:
Mrs Z V Ishak
Mr Z M Majid
Dr A Majid (appointed 30 August 2024)
Financial Instruments
Objectives and policies The directors have implemented procedures to minimise risks wherever possible. Objectives include speeding up the cycle of practice refurbishment in order to retain existing patients and attract new patients. Price risk, credit risk, liquidity risk and cash flow risk Please see principal risks and uncertainties in the Strategic Report.
Disclosure of information to auditors
Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the Company and the Group's auditors are unaware, and ∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditors are aware of that information.
Auditors
The auditors, Page Kirk LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. This report was approved by the board on 28 July 2026 and signed on its behalf.
Mr Z M Majid Director
Page 4
ELLIESLEA BLAKE LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the Group's financial statements 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 will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to 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. Page 5
ELLIESLEA BLAKE LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ELLIESLEA BLAKE LIMITED FOR THE YEAR ENDED 31 MARCH 2025
Opinion
We have audited the financial statements of Ellieslea Blake Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 March 2025, which comprise the Consolidated Profit and Loss Account, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, 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's affairs as at 31 March 2025 and of the Group's profit 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 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 United Kingdom, including the Financial Reporting Council'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 or 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. Page 6
ELLIESLEA BLAKE LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ELLIESLEA BLAKE LIMITED (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Other information
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' 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.
Opinion 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ∙the Group Strategic Report and the Directors' Report 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 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.
Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement set out on page 5, 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 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. Page 7
ELLIESLEA BLAKE LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ELLIESLEA BLAKE LIMITED (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
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 an Auditors' 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 Group 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 obtained an understanding of the legal and regulatory frameworks within which the group operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, Taxation legislation and Money Laundering. We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be the override of controls by management and the understatement of revenue. Our audit procedures to respond to these risks included: • Enquiries of management about their own identification and assessment of the risks of irregularities. • Sample testing on the posting of journals. • Reviewing meeting minutes, regulatory correspondence and professional fees. • Detailed substantive testing on the completeness of income. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations. 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 Auditors' 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 Auditors' 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. Page 8
ELLIESLEA BLAKE LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ELLIESLEA BLAKE LIMITED (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 John Wallis FCA (Senior Statutory Auditor) for and on behalf of Page Kirk LLP Chartered Accountants and Statutory Auditors Sherwood House 7 Gregory Boulevard Nottingham NG7 6LB 28 July 2026 Page 9
ELLIESLEA BLAKE LIMITED
CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025
| 2025 | 2024
Note | £ | £
Turnover | 3 | 11,005,783 | 10,045,930
Cost of sales |  | (4,926,940) | (4,114,594)
Gross profit |  | 6,078,843 | 5,931,336
Administrative expenses |  | (3,716,475) | (3,784,298)
Operating profit |  | 2,362,368 | 2,147,038
Interest receivable and similar income | 7 | 64,202 | 56,494
Interest payable and similar expenses | 8 | (5,966) | (5,726)
Profit before tax |  | 2,420,604 | 2,197,806
Tax on profit | 9 | (651,342) | (721,321)
Profit for the financial year |  | 1,769,262 | 1,476,485
Profit for the year attributable to: |  |  |
Owners of the parent |  | 1,769,262 | 1,476,485
The notes on pages 18 to 33 form part of these financial statements.
Page 10
ELLIESLEA BLAKE LIMITED REGISTERED NUMBER:08959190
CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2025
| 2025 | 2025 | 2024 | 2024
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Intangible assets | 11 |  | 10,085 |  | 171,467
Tangible assets | 12 |  | 2,336,345 |  | 597,457
|  |  | 2,346,430 |  | 768,924
Current assets |  |  |  |  |
Stocks | 14 | 24,022 |  | 21,051 |
Debtors: amounts falling due within one year | 15 | 7,685,282 |  | 6,829,540 |
Cash at bank and in hand | 16 | 2,047,945 |  | 3,128,664 |
|  | 9,757,249 |  | 9,979,255 |
Creditors: amounts falling due within one year | 17 | (2,994,696) |  | (3,104,383) |
Net current assets |  |  | 6,762,553 |  | 6,874,872
Total assets less current liabilities |  |  | 9,108,983 |  | 7,643,796
Provisions for liabilities |  |  |  |  |
Deferred taxation | 20 | (112,610) |  | (129,291) |
|  |  | (112,610) |  | (129,291)
Net assets |  |  | 8,996,373 |  | 7,514,505
Capital and reserves |  |  |  |  |
Called up share capital | 21 |  | 100 |  | 100
Profit and loss account |  |  | 8,996,273 |  | 7,514,405
Equity attributable to owners of the parent Company |  |  | 8,996,373 |  | 7,514,505
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 July 2026.
Mr Z M Majid
Director
The notes on pages 18 to 33 form part of these financial statements. Page 11
ELLIESLEA BLAKE LIMITED REGISTERED NUMBER:08959190
COMPANY BALANCE SHEET AS AT 31 MARCH 2025
| 2025 | 2025 | 2024 | 2024
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Investments | 13 |  | 6,000,000 |  | 6,000,000
|  |  | 6,000,000 |  | 6,000,000
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 15 | 7,134,786 |  | 6,407,476 |
|  | 7,134,786 |  | 6,407,476 |
Creditors: amounts falling due within one year | 17 | (707,550) |  | (398,320) |
Net current assets |  |  | 6,427,236 |  | 6,009,156
Total assets less current liabilities |  |  | 12,427,236 |  | 12,009,156
Net assets |  |  | 12,427,236 |  | 12,009,156
Capital and reserves |  |  |  |  |
Called up share capital | 21 |  | 100 |  | 100
Profit and loss account |  |  | 12,427,136 |  | 12,009,056
|  |  | 12,427,236 |  | 12,009,156
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 July 2026.
Mr Z M Majid
Director
The notes on pages 18 to 33 form part of these financial statements. Page 12
ELLIESLEA BLAKE LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 April 2024 | 100 | 7,514,405 | 7,514,505
Profit for the year | - | 1,769,262 | 1,769,262
Dividends: Equity capital | - | (287,394) | (287,394)
At 31 March 2025 | 100 | 8,996,273 | 8,996,373
| The notes on pages 18 to 33 form part of these financial statements.
Page 13
ELLIESLEA BLAKE LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2024
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 April 2023 | 100 | 6,325,314 | 6,325,414
Profit for the year | - | 1,476,485 | 1,476,485
Dividends: Equity capital | - | (287,394) | (287,394)
At 31 March 2024 | 100 | 7,514,405 | 7,514,505
| The notes on pages 18 to 33 form part of these financial statements.
Page 14
ELLIESLEA BLAKE LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 April 2024 | 100 | 12,009,056 | 12,009,156
Profit for the year | - | 705,474 | 705,474
Dividends: Equity capital | - | (287,394) | (287,394)
At 31 March 2025 | 100 | 12,427,136 | 12,427,236
| The notes on pages 18 to 33 form part of these financial statements.
Page 15
ELLIESLEA BLAKE LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2024
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 April 2023 | 100 | 10,896,450 | 10,896,550
Profit for the year | - | 1,400,000 | 1,400,000
Dividends: Equity capital | - | (287,394) | (287,394)
At 31 March 2024 | 100 | 12,009,056 | 12,009,156
| The notes on pages 18 to 33 form part of these financial statements.
Page 16
ELLIESLEA BLAKE LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025
|  |  | 2025 | 2024
|  |  | £ | £
Cash flows from operating activities |  |
Profit for the financial year | 1,769,262 | 1,476,485
Adjustments for: |  |
Amortisation of intangible assets | 161,384 | 580,415
Depreciation of tangible assets | 201,310 | 187,938
Profit on disposal of tangible assets | (8,723) | -
Interest paid | 5,966 | 5,726
Interest received | (64,202) | (56,494)
Taxation charge | 651,342 | 721,321
(Increase) in stocks | (2,971) | (823)
(Increase)/decrease in debtors | (855,742) | 295,840
(Decrease) in creditors | (78,614) | (1,680,725)
Corporation tax (paid) | (699,098) | (556,492)
Net cash generated from operating activities | 1,079,914 | 973,191
Cash flows from investing activities |  |
Purchase of tangible fixed assets | (1,953,324) | (251,025)
Sale of tangible fixed assets | 21,849 | -
Interest received | 64,202 | 56,494
Net cash from investing activities | (1,867,273) | (194,531)
Cash flows from financing activities |  |
Dividends paid | (287,394) | (287,394)
Interest paid | (5,966) | (5,726)
Net cash used in financing activities | (293,360) | (293,120)
Net (decrease)/increase in cash and cash equivalents | (1,080,719) | 485,540
Cash and cash equivalents at beginning of year | 3,128,664 | 2,643,124
Cash and cash equivalents at the end of year | 2,047,945 | 3,128,664
Cash and cash equivalents at the end of year comprise: |  |
Cash at bank and in hand | 2,047,945 | 3,128,664
Page 17
ELLIESLEA BLAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
The company is a private company limited by share capital, incorporated in England and Wales. The address of its registered office is: Sherwood House 7 Gregory Boulevard Nottingham Nottinghamshire NG7 6LB England These financial statements were authorised for issue by the Board on. 2.Accounting policies
| 2.1 | Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
| 2.2 | Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The parent company's profit for the year was £705,484 (2024 - £1,400,000).
| 2.3 | 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgement in applying the Group's accounting policies. The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Profit and Loss Account in these financial statements. The following principal accounting policies have been applied:
| 2.4 | Critical accounting judgements and key sources of estimation uncertainty
Preparation of the financial statements requires management to make significant judgements and estimates. During the preparation of these financial statements there have been no significant or material judgements and estimates that required disclosing. Page 18
ELLIESLEA BLAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.5 | 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 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 acquired operations are included in the Consolidated Profit and Loss Account from the date on which control is obtained. They are deconsolidated from the date control ceases. In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 01 January 2016.
| 2.6 | 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.
| 2.7 | 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.
| 2.8 | 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 Balance Sheet. The assets of the plan are held separately from the Group in independently administered funds. Page 19
ELLIESLEA BLAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.9 | 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 balance sheet 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 balance sheet 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 balance sheet date.
| 2.10 | 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 Profit and Loss Account over its useful economic life of 10 years. Amortisation Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows: Goodwill - straight line over 10 years 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. Page 20
ELLIESLEA BLAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.11 | 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. At each reporting date the Group assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Other property, plant and equipment | - | 25% | reducing balance
|  |  |  | Motor vehicles | - | 25% | reducing balance
|  |  |  | Furniture, fittings and equipment | - | 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.
| 2.12 | Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
| 2.13 | Revaluation of tangible fixed assets
Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date. Fair values are determined from market based evidence normally undertaken by professionally qualified valuers. Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss. Page 21
ELLIESLEA BLAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.14 | Investments
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted Group shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Consolidated Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.15 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 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. In the Consolidated Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.
| 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. Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation. Increases in provisions are generally charged as an expense to profit or loss. Page 22
ELLIESLEA BLAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 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. The Group has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102. Financial instruments are recognised in the Group's Balance Sheet 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. Other financial assets Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Page 23
ELLIESLEA BLAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.20 | Financial instruments (continued)
Basic 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. Other financial instruments Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss. Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Group's contractual obligations expire or are discharged or cancelled. Page 24
ELLIESLEA BLAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.21 | Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
| 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.
3. | Turnover
| An analysis of turnover by class of business is as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Services, UK | 11,005,783 | 10,045,930
| All turnover arose within the United Kingdom.
4. | Auditors' remuneration
| During the year, the Group obtained the following services from the Company's auditors:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Audit of these financial statements | 18,130 | 17,976
Page 25
ELLIESLEA BLAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Employees
| Staff costs, including directors' remuneration, were as follows:
|  | Group | Group
|  | 2025 | 2024
|  | £ | £
| Wages and salaries | 1,577,499 | 1,546,408
| Social security costs | 115,440 | 111,877
| Cost of defined contribution scheme | 69,368 | 48,033
|  | 1,762,307 | 1,706,318
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | Group | Group | Company | Company
|  |  | 2025 | 2024 | 2025 | 2024
|  |  | No. | No. | No. | No.
|  | Administration and clinical | 76 | 82 | - | -
|  | Management | 3 | 2 | 3 | 2
|  |  | 79 | 84 | 3 | 2
6. | Directors' remuneration
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Directors' emoluments | 62,496 | 46,096
| Group contributions to defined contribution pension schemes | 40,333 | 17,281
|  | 102,829 | 63,377
| During the year retirement benefits were accruing to 1 director (2024 - 1) in respect of defined contribution pension schemes.
7. | Interest receivable
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other interest receivable | 64,202 | 56,494
Page 26
ELLIESLEA BLAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. | Interest payable and similar expenses
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other interest payable | 5,966 | 5,726
9. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax |  |
| Current tax on profits for the year | 668,024 | 675,840
| Deferred tax |  |
| Origination and reversal of timing differences | (16,682) | 45,481
| Taxation on profit on ordinary activities | 651,342 | 721,321
| Factors affecting tax charge for the year
| The tax assessed for the year is the same as (2024 - the same as) the standard rate of corporation tax in the UK of 25% (2024 - 25%) as set out below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 2,420,604 | 2,197,806
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%) | 605,151 | 549,452
| Effects of: |  |
| Expenses not deductible for tax purposes, other than goodwill amortisation and impairment | 7,605 | 300
| Capital allowances for year in excess of depreciation | 55,277 | 126,088
| Utilisation of tax losses | (9) | -
| Short-term timing difference leading to an increase (decrease) in taxation | (16,682) | 45,481
| Total tax charge for the year | 651,342 | 721,321
Page 27
ELLIESLEA BLAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
10. | Dividends
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Dividends on equity shares | 287,394 | 287,394
11. | Intangible assets
| Group
|  | Goodwill
|  | £
| Cost |
| At 1 April 2024 | 7,684,808
| At 31 March 2025 | 7,684,808
| Amortisation |
| At 1 April 2024 | 7,513,341
| Charge for the year | 161,382
| At 31 March 2025 | 7,674,723
| Net book value |
| At 31 March 2025 | 10,085
| At 31 March 2024 | 171,467
Page 28
ELLIESLEA BLAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
12. | Tangible fixed assets
| Group
|  | Land and buildings | Other property, plant and equipment | Motor vehicles | Furniture, fittings and equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 April 2024 | 67,120 | 1,026,158 | 38,295 | 1,576,038 | 2,707,611
| Additions | 1,768,518 | - | 75,000 | 109,806 | 1,953,324
| Disposals | - | - | (38,295) | - | (38,295)
| At 31 March 2025 | 1,835,638 | 1,026,158 | 75,000 | 1,685,844 | 4,622,640
| Depreciation |  |  |  |  |
| At 1 April 2024 | 67,120 | 885,531 | 20,793 | 1,136,710 | 2,110,154
| Charge for the year | - | 38,364 | 23,126 | 139,820 | 201,310
| Disposals | - | - | (25,169) | - | (25,169)
| At 31 March 2025 | 67,120 | 923,895 | 18,750 | 1,276,530 | 2,286,295
| Net book value |  |  |  |  |
| At 31 March 2025 | 1,768,518 | 102,263 | 56,250 | 409,314 | 2,336,345
| At 31 March 2024 | - | 140,627 | 17,502 | 439,328 | 597,457
| The net book value of land and buildings may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Freehold property | 1,768,518 | -
Page 29
ELLIESLEA BLAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
13. | Fixed asset investments
| Company
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 April 2024 | 6,000,000
| At 31 March 2025 | 6,000,000
| Direct subsidiary undertaking
| The following was a direct subsidiary undertaking of the Company:
| Name | Registered office | Class of shares | Holding
| Ishak Practices Limited | Sherwood House, 7 Gregory Boulevard, Nottingham, NG7 6LB | Ordinary | 100%
| Indirect subsidiary undertakings
| The following were indirect subsidiary undertakings of the Company:
| Name | Registered office | Class of shares | Holding
| Smile Centre (Boston) Limited | Sherwood House, 7 Gregory Boulevard, Nottingham, NG7 6LB | Ordinary | 100%
| York Smile Centre Limited | Sherwood House, 7 Gregory Boulevard, Nottingham, NG7 6LB | Ordinary | 100%
14. | Stocks
|  | Group | Group
|  | 2025 | 2024
|  | £ | £
| Raw materials and consumables | 24,022 | 21,051
Page 30
ELLIESLEA BLAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
15. | Debtors
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Trade debtors | 410,500 | 335,784 | - | -
| Amounts owed by group undertakings | - | - | 13,555 | 22,262
| Other debtors | 7,253,150 | 6,486,256 | 7,121,231 | 6,385,214
| Prepayments and accrued income | 21,632 | 7,500 | - | -
|  | 7,685,282 | 6,829,540 | 7,134,786 | 6,407,476
16. | Cash and cash equivalents
|  | Group | Group
|  | 2025 | 2024
|  | £ | £
| Cash at bank and in hand | 2,047,945 | 3,128,664
17. | Creditors: Amounts falling due within one year
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Trade creditors | 490,287 | 547,367 | - | -
| Amounts owed to group undertakings | - | - | 705,737 | -
| Corporation tax | 139,355 | 170,430 | 1,813 | -
| Other taxation and social security | 48,368 | 63,066 | - | -
| Other creditors | 2,248,141 | 2,254,977 | - | 398,320
| Accruals and deferred income | 68,545 | 68,543 | - | -
|  | 2,994,696 | 3,104,383 | 707,550 | 398,320
18. | Charges
| The company has the following outstanding charges: A debenture with Barclays Bank PLC dated 13 July 2015 containing a fixed charge, a floating charge (over all property or undertakings of the company) and a negative pledge. This is secured against all liabilities of the group and of Ishak Properties Limited, a related party.
Page 31
ELLIESLEA BLAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
19. | Financial instruments
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Financial liabilities |  |  |  |
| Financial assets that are debt instruments measured at amortised cost | 9,711,595 | 9,950,704 | 7,134,785 | 6,407,476
| Financial liabilities measured at amortised cost | 2,809,502 | 2,866,658 | 705,736 | 398,320
20. | Deferred taxation
| Group
|  | 2025 | 2024
|  | £ | £
| At beginning of year | (129,291) | (83,810)
| Charged to the profit or loss | 16,681 | (45,481)
| At end of year | (112,610) | (129,291)
| Company
|  | 2025 | 2024
|  | Group | Group
|  | 2025 | 2024
|  | £ | £
| Accelerated capital allowances | (112,610) | (129,291)
Page 32
ELLIESLEA BLAKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
21. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary Share Capital shares of £1.00 each | 100 | 100
22. | Transactions with directors
During the year, the company made unsecured advances of £1,304,167 to its directors. At the balance sheet date, the company was owed £913,133 (2024 - owed from the company £202,480) from it's directors which is unsecured and payable on demand. Interest has been charged at HMRC's official rates for benefical loan arrangements.
23. | Related party transactions
| Key management personnel The Key management compensation is as follows:
|  | 2025 | 2024
|  | £ | £
| Salaries and other short term employee benefits | 62,496 | 53,360
| Post-employment benefits | 40,333 | 17,281
|  | 102,829 | 70,641
| Other Related parties During the year, the group leased properties owned by a non-group related party with the total rent charges being £223,650 (2024 - £270,574). At the balance sheet date, balances owed from non-group related parties amount to £6,278,098 (2024 - £6,385,214) with balances owed to non-group related parties amount to £6,760 (2024 - £398,321). The outstanding balances are unsecured, interest-free and are repayable on demand.
24. | Parent and ultimate parent undertaking
Ellieslea Blake Limited is controlled by Mr Z M Majid and Mrs Z V Ishak.
Page 33