Contents of the Financial Statements

for the Period Ended 31 December 2025

Directors report
Profit and loss
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

Adil Malik
JAMES WARBURTON
Adam Panni
Katharina Binder Pochacker
Michael Sattler

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
14 August 2026

And signed on behalf of the board by:
Name: Adil Malik
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2025

	2025	2024
	£	£
Turnover:	41,604,000	22,406,000
Cost of sales:	( 20,467,000 )	( 20,320,000 )
Gross profit(or loss):	21,137,000	2,086,000
Operating profit(or loss):	21,137,000	2,086,000
Interest receivable and similar income:	2,872,000	2,131,000
Interest payable and similar charges:	( 8,480,000 )	( 5,048,000 )
Profit(or loss) before tax:	15,529,000	(831,000)
Profit(or loss) for the financial year:	15,529,000	(831,000)

Balance sheet

As at 31 December 2025

	Notes	2025	2024
		£	£
Fixed assets
Tangible assets:	3	1,566,500	3,339,800
Total fixed assets:		1,566,500	3,339,800
Current assets
Cash at bank and in hand:		81,606,500	98,146,000
Total current assets:		81,606,500	98,146,000
Creditors: amounts falling due within one year:	4	( 66,933,400 )	( 85,158,100 )
Net current assets (liabilities):		14,673,100	12,987,900
Total assets less current liabilities:		16,239,600	16,327,700
Creditors: amounts falling due after more than one year:	5	( 43,100 )	( 1,365,400 )
Total net assets (liabilities):		16,196,500	14,962,300
Capital and reserves
Called up share capital:		2,673,500	2,673,500
Profit and loss account:		13,523,000	12,288,800
Total Shareholders' funds:		16,196,500	14,962,300

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 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 Financial Reporting Standard 101

Notes to the Financial Statements

for the Period Ended 31 December 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	47	46