REGISTERED NUMBER: 09464732 (England and Wales)

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 December 2025

for

Perpetua Family Office Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Consolidated Income Statement

8

Consolidated Other Comprehensive Income

9

Consolidated Balance Sheet

10

Company Balance Sheet

11

Consolidated Statement of Changes in Equity

12

Company Statement of Changes in Equity

13

Consolidated Cash Flow Statement

14

Notes to the Consolidated Cash Flow Statement

15

Notes to the Consolidated Financial Statements

16

DIRECTORS:

S R Clark

Mrs E M Gomez Flury

S Pallister

J H Schellenberg

K G Schmidle

N J Slade

Ms E Gairy

REGISTERED OFFICE:

75 Grosvenor Street

Mayfair

London

W1K 3JS

REGISTERED NUMBER:

09464732 (England and Wales)

SENIOR STATUTORY AUDITOR:

P Freeman BA FCA FCCA

AUDITORS:

Lawes and Co

Boyce's Building

40-42 Regent Street

Bristol

BS8 4HU

The Directors present their strategic report for the Year Ended 31st December 2025.

REVIEW OF BUSINESS

The Perpetua Group acts as an integrated private Family Office for a multi-generational Family, with offices in London, Switzerland, Liechtenstein and Barbados.

Through its wholly owned subsidiaries, the Group provides a number of professional services, including investment and property management, philanthropy services, tax services, accounting and administration, advisory and support and the provision of office and technology services.

The Directors use a number of financial and non-financial key performance indicators to evaluate the performance of the group as a whole, one of which is EBITDA (Earnings before Interest, Tax, Depreciation and Amortization) which for the year was a profit of £1,521,122 for 2025 (2024: £1,674,794).

PRINCIPAL RISKS AND UNCERTAINTIES

The Group operates a risk management framework that helps identify and manage various risks. The principal risks and uncertainties facing the Group as a whole are the continuity of client contracts, the threat of cybercrime and the foreign exchange risks associated with the various different jurisdictions in which it operates. These risks are managed by the relevant experts within the Group.

The future of the Group is strongly linked to the continuity of its client relationships. As such, strategy, relationship management, service levels, culture, diversity, succession planning and the development of people are key to the success of the Group.

STRATEGY AND FUTURE PLANNING

Strategy and continuity are key to the success of the group.

ON BEHALF OF THE BOARD:

S Pallister - Director

19 August 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of a Family Office, providing family office services.

The principal activity of the parent company is that of a holding company.

DIVIDENDS

An interim dividend of £0.048 per share was paid on . The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 December 2025 will be £ 410,000 .

DIRECTORS

S R Clark has held office during the whole of the period from 1 January 2025 to the date of this report.

Other changes in directors holding office are as follows:

Mrs E M Gomez Flury - appointed 27 February 2025

S Pallister - appointed 27 February 2025

J H Schellenberg - appointed 27 February 2025

K G Schmidle - appointed 27 February 2025

N J Slade - appointed 27 February 2025

Ms E Gairy - appointed 27 February 2025

DONATIONS

The group made charitable donations of £800. However, the group as a whole sponsored a wide range of activities and made various charitable donations across the four jurisdictions that it is in involved in including sponsorship of local football teams and children's activities.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors 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 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 and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Lawes and Co, will be proposed for re-appointment at the forthcoming Board Meeting.

ON BEHALF OF THE BOARD:

S Pallister - Director

19 August 2026

Opinion

We have audited the financial statements of Perpetua Family Office Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, 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 affairs as at 31 December 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 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.

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 and 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.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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 the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors 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 Report of the Directors.

We have nothing to report in respect of the following matters where 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 Statement of Directors' Responsibilities set out on page three, 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 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.

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 a Report of the Auditors 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.

We identify and assess the risks of material misstatement in the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks. This includes assessing the risk of non-compliance of laws and regulations, evaluating management's incentives and opportunities for fraudulent manipulation of the financial statements (including override of control) and management bias in accounting estimates.

Based on our understanding of the entity and its environment, we identified the principal risks of non-compliance and fraud related to revenue recognition, including cut-off and related party transactions . We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006.

Audit procedures performed by the engagement team, included, but were not limited to:

- enquiries with management including consideration of known or suspected instances of fraud and non-compliance with laws and regulations

- reviewing post-year end information and transactions around the year end

- reviewing journal entries and any potential unusual transactions

- carrying out analytical review procedures

- Enquiries with component auditors of the group

- Reviewing processes surrounding the consolidation and tracing figures used

In conducting the work above, we apply due care and professional scepticism throughout. However, there are limitations within procedures outlined above and the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error as fraud may involve deliberate concealment.

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 Report of the Auditors.

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 a Report of the Auditors 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.

P Freeman BA FCA FCCA (Senior Statutory Auditor)

for and on behalf of Lawes and Co

Boyce's Building

40-42 Regent Street

Bristol

BS8 4HU

11 September 2026

TURNOVER

3

21,372,011

21,765,652

Administrative expenses

21,008,835

21,435,802

OPERATING PROFIT

5

363,176

329,850

Interest receivable and similar income

125,437

185,256

PROFIT BEFORE TAXATION

488,613

515,106

Tax on profit

6

178,208

167,510

PROFIT FOR THE FINANCIAL YEAR

310,405

347,596

Profit attributable to:

Owners of the parent

310,405

347,596

PROFIT FOR THE YEAR

310,405

347,596

OTHER COMPREHENSIVE INCOME

Foreign Exchange Reserve

427,230

(352,688

)

Profit and Loss Reserve

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

427,230

(352,688

)

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

737,635

(5,092

)

Total comprehensive income attributable to:

Owners of the parent

737,635

(5,092

)

FIXED ASSETS

Intangible assets

9

38,890

153,067

Tangible assets

10

1,927,168

2,785,293

Investments

11

17,801

17,801

1,983,859

2,956,161

CURRENT ASSETS

Debtors

12

2,678,225

2,476,849

Investments

13

-

2

Cash at bank and in hand

10,185,967

8,247,539

12,864,192

10,724,390

CREDITORS

Amounts falling due within one year

14

2,457,374

1,732,355

NET CURRENT ASSETS

10,406,818

8,992,035

TOTAL ASSETS LESS CURRENT LIABILITIES

12,390,677

11,948,196

PROVISIONS FOR LIABILITIES

16

114,846

-

NET ASSETS

12,275,831

11,948,196

CAPITAL AND RESERVES

Called up share capital

17

8,488,504

8,488,504

Foreign Exchange Reserve

18

1,206,716

779,486

Retained earnings

18

2,580,611

2,680,206

SHAREHOLDERS' FUNDS

12,275,831

11,948,196

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2026 and were signed on its behalf by:

S Pallister - Director

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

-

-

Investments

11

7,324,910

7,324,910

7,324,910

7,324,910

CURRENT ASSETS

Debtors

12

1,590,820

1,796,961

Cash at bank

306,476

687,410

1,897,296

2,484,371

CREDITORS

Amounts falling due within one year

14

68,040

34,961

NET CURRENT ASSETS

1,829,256

2,449,410

TOTAL ASSETS LESS CURRENT LIABILITIES

9,154,166

9,774,320

CAPITAL AND RESERVES

Called up share capital

17

8,488,504

8,488,504

Retained earnings

665,662

1,285,816

SHAREHOLDERS' FUNDS

9,154,166

9,774,320

Company's (loss)/profit for the financial year

(210,154

)

32,051

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2026 and were signed on its behalf by:

S Pallister - Director

Called up

Foreign

share

Retained

Exchange

Total

capital

earnings

Reserve

equity

£

£

£

£

Balance at 1 January 2024

8,488,504

2,467,610

1,132,174

12,088,288

Changes in equity

Dividends

-

(135,000

)

-

(135,000

)

Total comprehensive income

-

347,596

(352,688

)

(5,092

)

Balance at 31 December 2024

8,488,504

2,680,206

779,486

11,948,196

Changes in equity

Dividends

-

(410,000

)

-

(410,000

)

Total comprehensive income

-

310,405

427,230

737,635

Balance at 31 December 2025

8,488,504

2,580,611

1,206,716

12,275,831

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

8,488,504

1,388,765

9,877,269

Changes in equity

Dividends

-

(135,000

)

(135,000

)

Total comprehensive income

-

32,051

32,051

Balance at 31 December 2024

8,488,504

1,285,816

9,774,320

Changes in equity

Dividends

-

(410,000

)

(410,000

)

Total comprehensive income

-

(210,154

)

(210,154

)

Balance at 31 December 2025

8,488,504

665,662

9,154,166

Cash flows from operating activities

Cash generated from operations

1

2,523,707

2,406,420

Tax paid

(170,250

)

(251,577

)

Net cash from operating activities

2,353,457

2,154,843

Cash flows from investing activities

Purchase of intangible fixed assets

(41,167

)

(232

)

Purchase of tangible fixed assets

(89,299

)

(5,354,150

)

Purchase of fixed asset investments

-

2,030

Sale of tangible fixed assets

-

1,958,069

Sale of fixed asset investments

-

2

Interest received

125,437

185,256

Net cash from investing activities

(5,029

)

(3,209,025

)

Cash flows from financing activities

Equity dividends paid

(410,000

)

(135,000

)

Net cash from financing activities

(410,000

)

(135,000

)

Increase/(decrease) in cash and cash equivalents

1,938,428

(1,189,182

)

Cash and cash equivalents at beginning of year

2

8,247,539

9,436,721

Cash and cash equivalents at end of year

2

10,185,967

8,247,539

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.12.25

31.12.24

£

£

Profit before taxation

488,613

515,106

Depreciation charges

1,157,946

1,344,944

Loss on revaluation of fixed assets

-

2,387

Foreign exchange reserves

427,230

(164,240

)

Finance income

(125,437

)

(185,256

)

1,948,352

1,512,941

(Increase)/decrease in trade and other debtors

(259,175

)

1,078,429

Increase/(decrease) in trade and other creditors

834,530

(184,950

)

Cash generated from operations

2,523,707

2,406,420

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2025

31/12/25

1/1/25

£

£

Cash and cash equivalents

10,185,967

8,247,539

Year ended 31 December 2024

31/12/24

1/1/24

£

£

Cash and cash equivalents

8,247,539

9,436,721

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/1/25

Cash flow

At 31/12/25

£

£

£

Net cash

Cash at bank and in hand

8,247,539

1,938,428

10,185,967

8,247,539

1,938,428

10,185,967

Liquid resources

Current asset investments

2

(2

)

-

2

(2

)

-

Total

8,247,541

1,938,426

10,185,967

1.	STATUTORY INFORMATION

Perpetua Family Office Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Basis of consolidation

The consolidated financial statements incorporate the financial statements of Perpetua Family Office Limited and all of the entities that are controlled by Perpetua Family Office Limited.

The consolidated accounts are prepared in accordance with the group's accounting principles from the date the Group exercises control or influence over the company.

Intra-group balance and transactions are eliminated in preparing the consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Significant judgements and estimates

Tax

The Group annually pays amounts of corporate taxes payable to various jurisdictions around the world, and it also recognises changes in deferred tax assets and deferred tax liabilities, all of which are based on management's interpretations of applicable laws and regulations.

Estimations

The preparation of consolidated financial statements requires that management make estimates and assumptions that affect reported amounts of assets and liabilities, income and expenses. The estimates and assumptions are based on historical experience and various other factors that are believed to be reasonable.

Useful life of property, plant and equipment and intangible assets.

The useful life of assets are based on management estimate. Management considered the impact of technology, service requirements and required return on assets in order to determine the optimum useful life expectations. The estimate of residual values of assets is based on managements judgement.

Going Concern

The Annual Financial Statements have been prepared on a going concern basis.

Presentation Currency

The Annual Financial statements are presented in Sterling (GBP)

Turnover

Turnover is measured at the fair value of the consideration earned, net of trade discounts and sales taxes.

Goodwill

Goodwill represents the excess of the cost of an acquisition over the fair value of the group's share of the identifiable net assets of the acquired subsidiary at the date of acquisition.

Goodwill arising on business combinations is capitalized, classified as an asset on the balance sheet and amortized on a straight line basis over its useful life. Goodwill is written off over 10 years. The directors believe that this recognizes a true and fair view of the state of affairs.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold - 25% Straight line

Plant and Machinery - 25% Straight line

Fixture and Fittings - 25% Straight line

Motor Vehicles - 25% Straight line

Investments in subsidiaries

Investment in subsidiary undertakings are recognized at fair value.

PPM Mount Street and PPM Bournemouth were both dissolved on 7th January 2025.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

The Company's presentational currency is sterling. The results and financial position of all subsidiaries and associates that have a functional currency different from sterling are translated into sterling as follows:

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction or the average rate has been used. Exchange differences are taken into account in arriving at the operating result.

The functional currencies of the non UK subsidiaries are Swiss Francs and Barbadian Dollars.

The closing Swiss Franc exchange rate was 0.9371 to £1 and the average rate was 0.9146 to £1.

The closing Barbadian Dollar exchange rate was 0.3718 to £1 and the average rate was 0.3794 to £1.

Leasing commitments

Leases in which a significant portion of the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the income statement on a straight-line basis over the period of the lease.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Investments

Investments are recognised initially at fair value which is normally the transaction costs. Subsequently, they are measured at fair value through profit and loss if the shares are publicly traded.

Other investments are measured at cost less impairment.

The company's investments in subsidiaries are measured at cost less impairment.

Debtors and creditors

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

Loan and borrowings

Loan and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the group.

An analysis of turnover by class of business is given below:

31.12.25

31.12.24

£

£

Services Provided

20,839,021

21,279,341

Rent Received

532,990

486,311

21,372,011

21,765,652

An analysis of turnover by geographical market is given below:

31.12.25

31.12.24

£

£

United Kingdom

8,547,678

8,362,991

Europe

12,172,144

12,841,381

Caribbean

652,189

561,280

21,372,011

21,765,652

4.	EMPLOYEES AND DIRECTORS

31.12.25

31.12.24

£

£

Wages and salaries

9,195,040

9,491,894

Social security costs

979,460

969,435

Other pension costs

816,522

834,026

10,991,022

11,295,355

The average number of employees during the year was as follows:

31.12.25

31.12.24

Average number of employees

59

62

The average number of employees by undertakings that were proportionately consolidated during the year was 59 (2024 - 62 ) .

31.12.25

31.12.24

£

£

Directors' remuneration

837,637

602,164

Information regarding the highest paid director is as follows:

31.12.25

31.12.24

£

£

Emoluments etc

411,250

602,164

5.	OPERATING PROFIT

The operating profit is stated after charging:

31.12.25

31.12.24

£

£

Other operating leases

1,394,307

987,152

Depreciation - owned assets

947,424

1,120,025

Goodwill amortisation

137,881

406,769

Computer software amortisation

17,463

8,984

Auditors' remuneration

49,471

51,793

Group Auditor's remuneration

13,985

14,869