REGISTERED NUMBER: 10709000 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 December 2025

for

Vas Panel Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Consolidated Income Statement

9

Consolidated Other Comprehensive Income

10

Consolidated Balance Sheet

11

Company Balance Sheet

12

Consolidated Statement of Changes in Equity

13

Company Statement of Changes in Equity

14

Consolidated Cash Flow Statement

15

Notes to the Consolidated Cash Flow Statement

16

Notes to the Consolidated Financial Statements

17

DIRECTORS:

G E May

S R Todd

S Welham

SECRETARY:

L Southall

REGISTERED OFFICE:

Riverside House

Unit 17 High Force Road

Riverside Park

Middlesbrough

TS2 1RH

REGISTERED NUMBER:

10709000 (England and Wales)

SENIOR STATUTORY AUDITOR:

James Davies BSc (Hons) CA

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Great North House, 20 Allington Way

Darlington

County Durham

DL1 4QB

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

REVIEW OF BUSINESS

The group operates a valuation panel management business, facilitating property valuations across the UK.

During the reporting period, the group continued to experience transaction growth while maintaining stable margins. Revenue increased by approximately 127% year-on-year, reflecting continued demand for the company's services and a degree of normalisation in growth rates as the business matures.

PRINCIPAL RISKS AND UNCERTAINTIES

The company remains exposed to general macroeconomic factors such as economic downturns and interest rate fluctuations, which may reduce property transaction volumes.

In addition, regulatory or fiscal changes affecting the property sector, including those relating to buy-to-let investments or mortgage lending conditions, may impact demand for property valuations and operational requirements.

KEY PERFORMANCE INDICATORS

The business operates in a data-rich environment and monitors a wide range of financial KPIs, including revenue, gross margin, costs, productivity metrics, EBITDA, and profit per transaction.

Non-financial KPIs, including customer satisfaction measures, service level agreement (SLA) adherence, and operational turnaround times, are also regularly reviewed.

Key performance indicators for the financial years 2024 and 2025 are summarised below, highlighting trends in profitability, efficiency, and liquidity:

- Gross profit - 2025: 11.16% compared to 2024 (restated) : 11.46%

- Net profit - 2025: 3.58% compared to 2024 (restated) : 5.68%

- Return on capital - 2025: 63.67% compared to 2024 (restated): 57.59%

- Liquidity - 2025: 1.06 compared to 2024 (restated): 1.01

ON BEHALF OF THE BOARD:

S Welham - 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.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of a valuation panel management business, facilitating property valuations across the UK.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2025 will be £568,000 (2024: £280,000).

DIRECTORS

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

G E May

S R Todd

Other changes in directors holding office are as follows:

S Welham - appointed 28 October 2025

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, Clive Owen LLP, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

S Welham - Director

15 September 2026

Opinion

We have audited the financial statements of Vas Panel 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.

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, to detect material misstatements in respect of irregularities, including fraud. Our audit must be alert to the risk of manipulation of the financial statements and seek to understand the incentives and opportunities for management to achieve this.

We undertake the following procedures to identify and respond to these risks of non-compliance:

- Understanding the key legal and regulatory frameworks that are applicable to the Company. We communicated identified laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit. We determined the most significant of these to be financial reporting legislation, company law, taxation legislation, health & safety, and employment law.

- Enquiry of directors and management as to policies and procedures to ensure compliance and any known instances of non-compliance.

- Review of board minutes and correspondence with regulators.

- Enquiry of directors and management as to areas of the financial statements susceptible to fraud and how these risks are managed.

- Challenging management on key estimates, assumptions and judgements made in the preparation of the financial statements. There are no key areas of uncertainty to note within these financial statements.

- Identifying and testing unusual journal entries, with a particular focus on manual journal entries.

Through these procedures we did not become aware of actual or suspected non-compliance.

We planned and performed our audit in accordance with auditing standards but owing to the inherent limitations of procedures required in these areas, there is an unavoidable risk that we may not have detected a material misstatement in the accounts. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. 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 concealment, collusion, forgery, misrepresentations, or override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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.

James Davies BSc (Hons) CA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Great North House, 20 Allington Way

Darlington

County Durham

DL1 4QB

16 September 2026

TURNOVER

3

46,664,769

20,509,919

Cost of sales

(41,456,122

)

(18,160,430

)

GROSS PROFIT

5,208,647

2,349,489

Administrative expenses

(3,828,661

)

(1,384,484

)

1,379,986

965,005

Other operating income

117,874

120,791

OPERATING PROFIT

5

1,497,860

1,085,796

Interest receivable and similar income

199,988

101,438

1,697,848

1,187,234

Interest payable and similar expenses

6

(28,672

)

(21,900

)

PROFIT BEFORE TAXATION

1,669,176

1,165,334

Tax on profit

7

(446,066

)

(308,381

)

PROFIT FOR THE FINANCIAL YEAR

1,223,110

856,953

Profit attributable to:

Owners of the parent

1,223,110

856,953

PROFIT FOR THE YEAR

1,223,110

856,953

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,223,110

856,953

Total comprehensive income attributable to:

Owners of the parent

1,223,110

856,953

FIXED ASSETS

Intangible assets

11

1,435,519

1,038,896

Tangible assets

12

90,741

87,131

Investments

13

-

-

1,526,260

1,126,027

CURRENT ASSETS

Debtors

14

2,270,451

1,389,894

Cash at bank

5,633,339

4,685,779

7,903,790

6,075,673

CREDITORS

Amounts falling due within one year

15

(7,450,168

)

(5,975,709

)

NET CURRENT ASSETS

453,622

99,964

TOTAL ASSETS LESS CURRENT LIABILITIES

1,979,882

1,225,991

PROVISIONS FOR LIABILITIES

17

(380,288

)

(281,507

)

NET ASSETS

1,599,594

944,484

CAPITAL AND RESERVES

Called up share capital

18

188

188

Retained earnings

19

1,599,406

944,296

SHAREHOLDERS' FUNDS

1,599,594

944,484

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:

S Welham - Director

FIXED ASSETS

Intangible assets

11

-

-

Tangible assets

12

-

-

Investments

13

637,588

637,588

637,588

637,588

CURRENT ASSETS

Debtors

14

7,100

74,017

Cash at bank

83,432

-

90,532

74,017

CREDITORS

Amounts falling due within one year

15

(140,874

)

(733,267

)

NET CURRENT LIABILITIES

(50,342

)

(659,250

)

TOTAL ASSETS LESS CURRENT LIABILITIES

587,246

(21,662

)

PROVISIONS FOR LIABILITIES

17

(1,738

)

-

NET ASSETS/(LIABILITIES)

585,508

(21,662

)

CAPITAL AND RESERVES

Called up share capital

18

188

188

Retained earnings

19

585,320

(21,850

)

SHAREHOLDERS' FUNDS

585,508

(21,662

)

Company's profit for the financial year

1,175,170

258,150

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:

S Welham - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 May 2024

-

367,343

367,343

Changes in equity

Issue of share capital

188

-

188

Dividends

-

(280,000

)

(280,000

)

Total comprehensive income

-

856,953

856,953

Balance at 31 December 2024

188

944,296

944,484

Changes in equity

Dividends

-

(568,000

)

(568,000

)

Total comprehensive income

-

1,223,110

1,223,110

Balance at 31 December 2025

188

1,599,406

1,599,594

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Changes in equity

Issue of share capital

188

-

188

Dividends

-

(280,000

)

(280,000

)

Total comprehensive income

-

258,150

258,150

Balance at 31 December 2024

188

(21,850

)

(21,662

)

Changes in equity

Dividends

-

(568,000

)

(568,000

)

Total comprehensive income

-

1,175,170

1,175,170

Balance at 31 December 2025

188

585,320

585,508

Cash flows from operating activities

Cash generated from operations

1

2,134,258

5,369,482

Interest paid

(28,672

)

(21,900

)

Tax paid

(179,265

)

153,957

Net cash from operating activities

1,926,321

5,501,539

Cash flows from investing activities

Purchase of intangible fixed assets

(566,567

)

(1,112,107

)

Purchase of tangible fixed assets

(44,452

)

(108,680

)

Sale of tangible fixed assets

270

-

Purchase of business

-

583,401

Interest received

199,988

101,438

Net cash from investing activities

(410,761

)

(535,948

)

Cash flows from financing activities

Share issue

-

188

Equity dividends paid

(568,000

)

(280,000

)

Net cash from financing activities

(568,000

)

(279,812

)

Increase in cash and cash equivalents

947,560

4,685,779

Cash and cash equivalents at beginning of year

2

4,685,779

-

Cash and cash equivalents at end of year

2

5,633,339

4,685,779

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

Period

1.5.24

Year Ended

to

31.12.25

31.12.24

as restated

£

£

Profit before taxation

1,669,176

1,165,334

Depreciation charges

210,516

(348,766

)

Finance costs

28,672

21,900

Finance income

(199,988

)

(101,438

)

1,708,376

737,030

Increase in trade and other debtors

(880,557

)

(1,389,894

)

Increase in trade and other creditors

1,306,439

6,022,346

Cash generated from operations

2,134,258

5,369,482

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

5,633,339

4,685,779

Period ended 31 December 2024

31.12.24

1.5.24

as restated

£

£

Cash and cash equivalents

4,685,779

-

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank

4,685,779

947,560

5,633,339

4,685,779

947,560

5,633,339

Total

4,685,779

947,560

5,633,339

1.	STATUTORY INFORMATION

Vas Panel 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 as modified by the revaluation of certain assets.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Going concern

The company meets its day to day working capital requirements through cash generated from operations. The company's forecasts and projections for the next twelve months show that the company should be able to continue in operational existence for that period, taking into account reasonable possible changes in trading performance.

Although the forecasts prepared taking account of the matters above support the ability of the company to remain a going concern and to be able to trade and meets its debts as they fall due the underlying trading assumptions used in forecasting are extremely judgemental and difficult to predict and could be subject to significant variation.

However, based on the factors set out above the directors believe that the company has adequate financial resources to continue in operational existence for at least twelve months from the date of signing the financial statements Therefore the directors believe it remains appropriate to prepare the financial statements on a going concern basis.

Financial Reporting Standard 102 - reduced disclosure exemptions

VAS Panel Limited, as an individual entity, meets the definition of a qualifying entity per FRS 102 and has taken advantage of the exemption available in paragraph 1.12 of FRS 102 from presenting a company-only statement of cash flows. These consolidated financial statements include a consolidated statement of cash flows which include the cash flows of VAS Panel Limited.

Basis of consolidation

The consolidated group financial statements include the financial statements of the parent company, VAS Panel Limited and its trading subsidiary, Vpanel Limited.

All financial statements are made up to the year end date. Where necessary, adjustments are made to the financial statements of the subsidiaries to bring the accounting policies used into line with those used by other members of the group.

All intra-group transactions, balances, income and expenses are eliminated on consolidation.

Subsidiaries are consolidated in the group's financial statements from the date that control commences until the date that control ceases.

Significant judgements and estimates

In the application of the group's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from the estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised when the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

Estimates included within these financial statements include depreciation and amortisation charges and asset impairments such as provisions against debtors. None of these estimates are considered to carry significant estimation uncertainty, or to bear significant risk of causing a material misstatement to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition

Turnover comprises the Group's revenue in respect of providing valuation panel management services.

Turnover from the rendering of services is recognised when the outcome of a transaction can be estimated reliably and by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. Goodwill is amortised over its expected useful life which is estimated to be nil years. Goodwill is assessed for impairment when there are indicators of impairment, and any impairment is charged to the income statement. No reversals of impairment are recognised.

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 ten years.

Amortisation is included in 'administrative expenses' in the profit and loss account.

Tangible fixed assets

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

Plant and machinery

-

25% - 33% on cost

Financial instruments

The company only enters into basic financial assets and liabilities, including trade and other debtors and creditors, debtors and creditors due from fellow group companies and cash and bank balances. These are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction or debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Such assets and liabilities are subsequently carried at amortised cost using the effective interest method.

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.

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.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Dividend income

Dividend income is recognised when the right to receive payment is established.

Dividends and other distributions to the group's shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved by the shareholders. These amounts are recognised in the statement of changes of equity.

3.

TURNOVER

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

An analysis of turnover by geographical market is given below:

Period

1.5.24

Year Ended

to

31.12.25

31.12.24

as restated

£

£

United Kingdom

46,664,769

20,509,919

46,664,769

20,509,919