REGISTERED NUMBER: 14486945 (England and Wales)

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 December 2025

for

MAJAR HOLDCO LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

7

Consolidated Income Statement

11

Consolidated Other Comprehensive Income

13

Consolidated Balance Sheet

14

Company Balance Sheet

15

Consolidated Statement of Changes in Equity

16

Company Statement of Changes in Equity

17

Consolidated Cash Flow Statement

18

Notes to the Consolidated Cash Flow Statement

19

Notes to the Consolidated Financial Statements

21

DIRECTORS:

R J Gratton

Mrs J Lucy

J W Parsons

Ms R Rolo

B Shanmugam

REGISTERED OFFICE:

81 Rivington Street

London

EC2A 3AY

REGISTERED NUMBER:

14486945 (England and Wales)

AUDITORS:

Thorne Lancaster Parker

Chartered Accountants &

Statutory Auditors

5th Floor

Palladium House

1-4 Argyll Street

London

W1F 7TA

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

PERFORMANCE AND FINANCIAL POSITION

On a consolidated Group basis, turnover in the year to 31 December 2025 was £33,687,708 and gross profit of £9,362,296 was delivered at a gross profit margin of 27.8%.

Operating profit from continuing operations was approximately £49,926 and EBITDA from continuing operations was £768,472.

The Group continues to enjoy an excellent relationship with the Royal bank of Scotland who have provided the Group with a confidential invoice discounting facility of £6m which gives the Group sufficient working and investment capital to allow the Group to meet its growth ambitions for the foreseeable future.

The Key Performance Indicators (KPIs) in the year were:

31/12/2025

31/12/2024

Gross Profit %

27.8%

26.4%

EBITDA (continuing operations)

£768,472

£1,543,094

Gross Profit per Employee

£139,736

£117,608

REVIEW OF BUSINESS

2025 was the third full year of operation of the Group which was formed through the combination of Arrows Group (including Build Circle) and Major Players -three leading recruitment and technology consultancy businesses operating in synergistic markets. Major Players is a leading UK recruitment agency for digital, creative, and design talent, while Arrows Group operates in technology consulting (through Build Circle) and recruitment, with offices in the UK, Germany, and the Netherlands.

Trading conditions in the first half of 2025 were difficult. Client hiring decisions remained slow, permanent recruitment activity in particular stayed subdued, and discretionary project spend was deferred across much of the Group's client base. Against that backdrop the Board's priority in the first half was to protect margin and cash while positioning the Group to capture the recovery.

The Board maintained a disciplined approach to cost management through its continued business improvement programme, holding the Group's underlying operating cost base broadly flat year on year notwithstanding wage inflation. This was supported by the offshoring of back office functions to South Africa and India and the continued operation of the Group's lower cost software engineering centre in Sofia, Bulgaria. Within that flat cost base the Board invested selectively in the Group's sales functions, funded by reductions in professional fees, technology, property and other central overheads. In the latter part of 2025, the Group invested in automating its back office, operations and sales and resourcing functions through the use of AI and specialist platforms. The results of these are resulting in improvement of the 2026 performance of the Group.

That selective investment delivered in the second half, with the Group winning a number of significant new clients which materially improved the exit rate into 2026. Strategic investment in Build Circle Limited, the Group's UK-based technology consultancy, also continued, and Build Circle led the way in the second half. Its ability to offer full-service technology consulting, combined with Majar's recruitment expertise, has expanded the Group's customer base and supported project growth. The Board remains pleased with Build Circle's performance and profitability, which helped sustain Group operations through the weaker first half.

The Board are pleased to say that progress continued on the key drivers behind the Group's strategy, namely:

- Drive sales synergies in particular between Arrows Group and Build Circle, as digital transformation projects require both consultancy and resourcing solutions to be successful.

- Achieve cost synergies through shared back-office functions and implementation of technology solutions

- Share and utilise expertise for the benefit of the enlarged group, in particular, Build Circle's technology expertise has been utilised to drive improvements in the recruitment businesses.

The closure of Boosta Limited's operations and Caissa Europe GmbH, reported in the prior year, is now complete.

PRINCIPAL RISKS AND UNCERTAINTIES

Market and economy risk

The recruitment and talent management industries are considered cyclical sectors prone to downturns in certain sectors or geographies, as the first half of 2025 demonstrated. The Group's market expertise across a broad range of expertise and geographies achieved through the combination of Major Players and Arrows Group allows for a better balanced portfolio of dependencies which minimises such risk. In addition businesses throughout the UK and Europe continue to digitise their offerings to reach more markets and embrace cost saving and disruptive technologies to deliver better services, which can now be served by the group through its Build Circle brand.

International Operations

With an established operation in Amsterdam and Berlin able to serve all of the EU if required - the Group is adequately protected from the continued impact of Brexit. At present most of the London offices' revenues are delivered to end clients in the UK and all of the Amsterdam's and Berlin's office revenues are derived from continental European clients.

Credit Risk

The Group is exposed to the risk of payment default by its customers. The Group undertakes standard activities to minimise this risk including credit checking, regular reviews of outstanding balances and routine reviews with our clients.

Liquidity Risk

The Group finances its operations through retained earnings and a £6m confidential invoice discounting facility. Cashflow headroom is monitored on a weekly basis and forecast out for a rolling 3 months on a detailed basis and 12 months on a summary basis, allowing Management to plan for investment activities based on the forecast headroom and take corrective action in plenty of time should it be required.

Currency Risk

The Group employs natural hedging wherever possible by matching its revenues to costs in the same currency. Group currently operates in 2 currencies, GBP and Euros and the Group's financing facilities are provided in both these currencies.The Board regularly review the requirement for transfers between its 2 trading entities and if required are prepared to hedge such transfers to protect against currency risk.

GOING CONCERN

The financial statements have been prepared on a going concern basis, supported by detailed cash flow forecasts through to 30 June 2028. The Group's rolling £6m invoice discounting facility provides sufficient headroom for at least the next 12 months. Management has performed scenario testing (reduced gross profit, increased debtor days) and remains confident in the Group's ability to continue as a going concern. In addition, the Group have the ability to scale back costs quickly through its offshore operations should the need arise to reduce costs further in response to deteriorating market conditions.

STRATEGIC OUTLOOK

The Board believes that the continued business improvement programme, the selective investment made in the Group's sales functions during 2025, the investment in AI and automation, the new clients won in the second half and the continued growth of Build Circle position the Group for profitable operations in 2026 and beyond. While market conditions remain volatile, Majar Group's diversified offering, disciplined financial management, and strategic investments provide a robust foundation for future growth.

ON BEHALF OF THE BOARD:

J W Parsons - Director

15 September 2026

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

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

R J Gratton

Mrs J Lucy

J W Parsons

Ms R Rolo

B Shanmugam

GOING CONCERN

The financial statements have been prepared on a going concern basis, supported by detailed cash flow forecasts through to 30 June 2028. The Group's rolling £6m invoice discounting facility provides sufficient headroom for at least the next 12 months. Management has performed scenario testing (reduced gross profit, increased debtor days) and remains confident in the Group's ability to continue as a going concern. In addition the Group have the ability to scale back costs quickly through its offshore operations should the need arise to reduce costs further in response to deteriorating market conditions.

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), 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 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, Thorne Lancaster Parker, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

J W Parsons - Director

15 September 2026

Opinion

We have audited the financial statements of Majar Holdco 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 loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the 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.

Emphasis of matter

We draw attention to the disclosures made in note 3 in the financial statements and the directors report concerning the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

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 five, 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect irregularities, including fraud. 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 by, for example, forgery, or intentional misrepresentations, or through collusion. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

Our approach was as follows:

- We obtained an understanding of the legal and regulatory frameworks that are applicable to the Company and Group and determined that the most significant are those that relate to the reporting framework (FRS 102 and the Companies Act 2006) and compliance with the relevant direct and indirect tax regulation in the United Kingdom. In addition, the Company and Group have to comply with laws and regulations relating to its operations, including UK employment laws, health and safety, and GDPR.

- We understood how Majar Holdco Limited is complying with those frameworks by making enquires with management and those charged with governance to understand how the Company and Group maintains and communicates policies and procedures in these areas. We understood any controls put in place by management to reduce the opportunities of fraudulent transactions.

- We assessed the susceptibility of the Company's and Goup's financial statements to material misstatements including how fraud might occur through internal team conversations and inquiry of management and those charged with governance. Through these procedures we determined there to be a risk of management override associated with revenue and a fraud risk around transactions at the year end. We have performed tests of detail, including understanding of the nature of the transactions, verifying that the margin is appropriate, and verifying the clerical accuracy of the revenue recognised. In relation to management override, we selected a sample from the entire population of journals, including manual journals, identifying specific transactions which did not meet our expectations, in order to investigate, understand and agree to source documentation. We selected a sample of revenue transactions recorded before the year end and obtain documentation to verify that revenue adjustments had been recorded in the appropriate period.

- Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved verifying that material transactions are recorded in compliance with FRS102 and where appropriate Companies Act 2006. Compliance with other operational laws and regulations were covered through our inquiry with no indication of non-compliance identified.

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.

Neil R Usher BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of Thorne Lancaster Parker

Chartered Accountants &

Statutory Auditors

5th Floor

Palladium House

1-4 Argyll Street

London

W1F 7TA

15 September 2026

REVENUE

4

33,687,708

-

33,687,708

Cost of sales

(24,325,412

)

-

(24,325,412

)

GROSS PROFIT

9,362,296

-

9,362,296

Administrative expenses

(9,312,370

)

(2,061

)

(9,314,431

)

OPERATING PROFIT/(LOSS)

6

49,926

(2,061

)

47,865

Interest receivable and similar income

4,528

-

4,528

Interest payable and similar expenses

7

(596,436

)

-

(596,436

)

LOSS BEFORE TAXATION

(541,982

)

(2,061

)

(544,043

)

Tax on loss

8

35,727

-

35,727

LOSS FOR THE FINANCIAL YEAR

(506,255

)

(2,061

)

(508,316

)

Loss attributable to:

Owners of the parent

(508,316

)

REVENUE

4

35,475,873

222,734

35,698,607

Cost of sales

(26,289,978

)

-

(26,289,978

)

GROSS PROFIT

9,185,895

222,734

9,408,629

Administrative expenses

(8,392,207

)

(769,852

)

(9,162,059

)

793,688

(547,118

)

246,570

Other operating income

165,750

-

165,750

OPERATING PROFIT/(LOSS)

6

959,438

(547,118

)

412,320

Interest receivable and similar income

1,566

-

1,566

Interest payable and similar expenses

7

(649,322

)

(533

)

(649,855

)

PROFIT/(LOSS) BEFORE TAXATION

311,682

(547,651

)

(235,969

)

Tax on profit/(loss)

8

(237,234

)

77,306

(159,928

)

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

74,448

(470,345

)

(395,897

)

Profit/(loss) attributable to:

Owners of the parent

(395,897

)

LOSS FOR THE YEAR

(508,316

)

(395,897

)

OTHER COMPREHENSIVE INCOME

Retranslation reserve

(26,584

)

30,588

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

(26,584

)

30,588

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(534,900

)

(365,309

)

Total comprehensive income attributable to:

Owners of the parent

(534,900

)

(365,309

)

FIXED ASSETS

Intangible assets

11

3,162,036

3,726,142

Property, plant and equipment

12

69,755

68,644

Investments

13

11,600

85,025

3,243,391

3,879,811

CURRENT ASSETS

Debtors

14

5,792,519

6,101,679

Cash at bank

164,164

1,666,500

5,956,683

7,768,179

CREDITORS

Amounts falling due within one year

15

(8,657,280

)

(10,637,808

)

NET CURRENT LIABILITIES

(2,700,597

)

(2,869,629

)

TOTAL ASSETS LESS CURRENT LIABILITIES

542,794

1,010,182

CREDITORS

Amounts falling due after more than one year

16

(3,406,175

)

(3,338,663

)

NET LIABILITIES

(2,863,381

)

(2,328,481

)

CAPITAL AND RESERVES

Called up share capital

20

91,001

91,001

Other reserves

21

4,004

30,588

Retained earnings

21

(2,958,386

)

(2,450,070

)

SHAREHOLDERS' FUNDS

(2,863,381

)

(2,328,481

)

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2026 and were signed on its behalf by:

B Shanmugam - Director

FIXED ASSETS

Intangible assets

11

-

-

Property, plant and equipment

12

-

-

Investments

13

6,506,428

3,374,050

6,506,428

3,374,050

CURRENT ASSETS

Debtors

14

1,666,679

163,212

CREDITORS

Amounts falling due within one year

15

(4,588,561

)

(659,520

)

NET CURRENT LIABILITIES

(2,921,882

)

(496,308

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,584,546

2,877,742

CREDITORS

Amounts falling due after more than one year

16

(3,214,286

)

(3,338,663

)

NET ASSETS/(LIABILITIES)

370,260

(460,921

)

CAPITAL AND RESERVES

Called up share capital

20

91,001

91,001

Retained earnings

21

279,259

(551,922

)

SHAREHOLDERS' FUNDS

370,260

(460,921

)

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

831,181

(254,208

)

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2026 and were signed on its behalf by:

B Shanmugam - Director

Called up

share

Retained

Other

Total

capital

earnings

reserves

equity

£

£

£

£

Balance at 1 January 2024

91,001

(2,054,173

)

-

(1,963,172

)

Changes in equity

Total comprehensive income

-

(395,897

)

30,588

(365,309

)

Balance at 31 December 2024

91,001

(2,450,070

)

30,588

(2,328,481

)

Changes in equity

Total comprehensive income

-

(508,316

)

(26,584

)

(534,900

)

Balance at 31 December 2025

91,001

(2,958,386

)

4,004

(2,863,381

)

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

91,001

(297,714

)

(206,713

)

Changes in equity

Total comprehensive income

-

(254,208

)

(254,208

)

Balance at 31 December 2024

91,001

(551,922

)

(460,921

)

Changes in equity

Total comprehensive income

-

831,181

831,181

Balance at 31 December 2025

91,001

279,259

370,260

Cash flows from operating activities

Cash generated from operations

1

751,534

1,400,394

Interest paid

(596,436

)

(649,855

)

Tax paid

(15,273

)

30,134

Net cash from operating activities

139,825

780,673

Cash flows from investing activities

Purchase of intangible fixed assets

(110,393

)

(60,012

)

Purchase of tangible fixed assets

(45,355

)

(48,819

)

Sale of intangible fixed assets

196

-

Interest received

4,528

1,566

Net cash from investing activities

(151,024

)

(107,265

)

Cash flows from financing activities

New loans in year

250,000

-

Loan repayments in year

(134,738

)

(716,714

)

Net cash from financing activities

115,262

(716,714

)

Increase/(decrease) in cash and cash equivalents

104,063

(43,306

)

Cash and cash equivalents at beginning of year

2

60,101

103,407

Cash and cash equivalents at end of year

2

164,164

60,101

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

31.12.25

31.12.24

£

£

Loss before taxation

(544,043

)

(235,969

)

Depreciation charges

718,546

599,838

Loss on disposal of fixed assets

196

20,878

Impairment of fixed asset investment

73,425

-

Finance costs

596,436

649,855

Finance income

(4,528

)

(1,566

)

840,032

1,033,036

Decrease/(increase) in trade and other debtors

312,064

(319,875

)

(Decrease)/increase in trade and other creditors

(400,562

)

687,233

Cash generated from operations

751,534

1,400,394

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

164,164

1,666,500

Bank overdrafts

-

(1,606,399

)

164,164

60,101

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

1,666,500

103,407

Bank overdrafts

(1,606,399

)

-

60,101

103,407

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank and in hand

1,666,500

(1,502,336

)

164,164

Bank overdrafts

(1,606,399

)

1,606,399

-

60,101

104,063

164,164

Debt

Debts falling due within 1 year

-

(47,750

)

(47,750

)

Debts falling due after 1 year

(3,338,663

)

(67,512

)

(3,406,175

)

(3,338,663

)

(115,262

)

(3,453,925

)

Total

(3,278,562

)

(11,199

)

(3,289,761

)