REGISTERED NUMBER: 05829629 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

DMA GROUP LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

7

Consolidated Statement of Comprehensive Income

11

Consolidated Balance Sheet

13

Company Balance Sheet

14

Consolidated Statement of Changes in Equity

15

Company Statement of Changes in Equity

16

Consolidated Cash Flow Statement

17

Notes to the Consolidated Cash Flow Statement

18

Notes to the Consolidated Financial Statements

19

DIRECTORS:

A D Wood

S J McGregor

A Cook

W F S Bennett

I F McGregor

K McGuane

V Miller

R P Tate

R Ware

SECRETARY:

G Danilewicz

REGISTERED OFFICE:

5 Beaufort House

Beaufort Court

Medway City Estate

Rochester

ME2 4FB

REGISTERED NUMBER:

05829629 (England and Wales)

AUDITORS:

RJP LLP

Chartered Certified Accountants &

Statutory Auditors

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

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

DMA Group

We are the DMA Group. www.dma-group.co.uk

Making buildings work is what we do. As a Group we offer the complete building lifecycle solution to our customers. We are structured with a broad team of in-house specialists spanning facilities and maintenance, capital projects, engineering and energy services. The capabilities of our directly employed teams are supplemented by our supply chain partners so that we can tailor and deliver any property-service solutions.

REVIEW OF BUSINESS

Group trading performance

The Group delivered turnover of £15,125,761 (2024 - £23,330,100) sales and a profit before tax of £183,398 (2024 - £261,063). The 2024 comparative covered the 15-month period from 30 September 2023 to 31 December 2024 and is therefore not directly comparable with the 12-month period ended 31 December 2025.

Turnover was lower principally because DMA Maintenance Ltd chose not to renew a large planned maintenance contract. Group gross margin improved to 25.0%, compared with 22.0% in the comparative period.

During the year, the Group completed a one-off balance sheet exercise to simplify and cleanse historic intra-group loan balances. This resulted in significant offsetting charges and credits in the individual accounts of certain group companies, including a £2,957,466 charge in DMA Maintenance Ltd.

These entries related entirely to balances between group undertakings. They did not relate to customer bad debts or a deterioration in group trading, had no cash effect during 2025 and eliminated on consolidation. They therefore had no effect on the consolidated group result.

The Group continued to invest in the development and commercialisation of BiO®, including the establishment of BiO Maintenance Software Ltd as the separate software company within the Group.

At the year-end, the Group had net assets of £3,113,457 (2024 - £2,897,184), net current assets of £426,471 (2024 - £119,633) and cash of £2,191,439 (2024 - £2,112,466).

Group strategy

Our vision: Powered by our expertise and our technology, we will make buildings work better and change the UK maintenance industry, for good.

The Senior Leadership Team has a wealth of experience and is focused on growth through great people, repeatedly delivering great service, at scale, and achieving great results for our customers, our people and our business.

Growth will be achieved by scaling our technology-enabled, ultra-efficient delivery model and sustainably delivering better customer service, driven by business-process automation powered by live, transparent, end-to-end data available to stakeholders anywhere, at any time and any device.

In addition, we will continue to develop our managed-service model, enabling customers to use our fully serviced maintenance-management platform to simplify, aggregate and consolidate their service needs and providers within one system.

Our integrated hard-services FM scope includes planned maintenance, 24/7 reactive emergency callouts and repairs, small works, capital projects and energy services that help customers reduce energy and carbon emissions on their journey to net zero.

PRINCIPAL RISKS AND UNCERTAINTIES

The main risks, in no particular order, and associated mitigations are:

-

Availability of skills. The industry faces a significant and continuing skills gap, driven by a long-term shortage of apprenticeships, fewer young recruits and the loss of experienced operatives from the UK labour market. This creates strong demand for skilled labour and upward pressure on employment costs. The Group continues to develop apprentices, recruits directly through its in-house team and focuses on retaining talented people through a culture of high employee engagement.

-

Credit risk. The Group trades with reputable building owners, occupiers, managers and agents. Credit exposure is managed through customer due diligence, contract terms, positive cash-flow arrangements where possible and regular monitoring of outstanding balances.

-

Funding. The Group maintains tight control over working capital and focuses daily on cash collection, invoicing and work in progress;

-

Competition. The Group is differentiated from its competition by an award-winning proprietary enterprise- management platform, BiO®. The technology has been recognised in the national broadsheets and industry press and has supported DMA being described as a 'Disruptor', 'Change Maker', and 'Trailblazer'. The Group continues to invest in its technology and in the learning and development of its people.

-

Key-person exposure - technology. Reflecting the strategic importance of our technology development, the Group maintains key-person insurance in respect of its Chief Technology Officer and continues to build capability within the technology team.

-

Reputational risk. The sales-governance process is designed to ensure that the Group only tenders for and delivers work within its competencies. Service partners must be approved and onboarded before working with the Group. A 24/7 customer-service team provides continuous support, including emergency callout and repair services, and the leadership team remains visible and accessible when customer issues arise.

-

Long-term contractual exposure. The Group operates a long-term PFI maintenance and lifecycle contract with handback obligations in 2038 and bears the cost of any deficit in the lifecycle fund. The contract is currently profitable, but future lifecycle expenditure and the handback requirements represent a financial risk. The Group manages the exposure through monthly governance, approval controls, condition surveys, lifecycle forecasting and regular monitoring of the handback obligations.

-

Technology development and funding. BiO Maintenance Software Ltd remaining pre-revenue from external customers during the period and continued to be supported by funding from DMA Maintenance Ltd. The recovery of the capitalised development asset and the intra-group funding balance depends on BiO®'s continued successful use within DMA and its external commercialisation. The directors monitor this risk through development governance, Board-approved financial forecasts, commercial pipeline review and regular assessment of the Group's funding position.

-

Geopolitical and economic uncertainties. The Group is exposed to economic volatility, inflation, interest-rate movements, supply-chain disruption, changing trade policies and wider geopolitical events. Although the Group represents a small share of the overall FM market, these factors can affect customers, suppliers and labour costs. The Group continues to diversify its serving offering, build organisational resilience and focus on ESG performance to mitigate these risks.

Capital structure

The Group's history goes back more than 200 years. At 31 December 2025, it remained under ownership that has been in place since 1972. Following the year-end, a management buyout was completed as described in the Report of the Directors and the notes to the financial statements.

The Board is committed to the long-term success of the Group.

Our People

The Board continues to recognise the hard work, loyalty, commitment, passion and enthusiasm of our people in consistently delivering high quality services to customers.

Quality

The Group maintained its ISO 9001 accreditations throughout the year.

Health & Safety

The Group continues to place strong emphasis on health and safety, which is paramount in all of its operations. DMA Maintenance Ltd is certified to ISO 45001.

The Group uses external consultants for quality, health, safety and environmental matters, supporting compliance with its ISO accreditations and its objectives for continuous improvement.

Environment & Sustainability

Climate change and the need to achieve net-zero emissions continue to shape the Group's strategy.

The Energy Services team advises and supports customers on their net zero journeys, from initial energy surveys and funding through to design, execution, monitoring and optimisation of carbon savings.

We are accredited to ISO 14001.

The Group Board focuses on governance to support long-term success, manage risks and meet stakeholder expectations. The Group continues to operate a robust governance framework, with clear roles and responsibilities, strong ethical standards and a suite of internal controls as part of our risk management.

ON BEHALF OF THE BOARD:

A D Wood - Director

12 October 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 company during the year was that of a holding company.

The principal activities of the group were the provision of hard-services maintenance, projects and engineering, small works and energy services, together with the ownership and rental of an investment property and the development of the group's proprietary BiO® maintenance-management software.

INTRA-GROUP BALANCE SHEET REORGANISATION

During the year, the group completed an exercise to simplify and cleanse historic loan balances between group undertakings.

The exercise resulted in significant charges and corresponding credits within the individual financial statements of certain subsidiaries. These entries related entirely to intra-group balances, did not relate to customer bad debts and had no cash effect during 2025.

All corresponding balances and income-statement entries eliminated on consolidation and therefore had no effect on the consolidated group result. Further explanation is included in the Group Strategic Report.

DIVIDENDS

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

EVENTS SINCE THE END OF THE YEAR

Following the year-end, the group's investment property was sold for £1,510,000.

The group has also completed a management buyout following a reorganisation and reduction of the issued share capital of the company. As a result of these changes, S W Kingsman ceased to be the ultimate controlling party and no single individual now has overall control of the company.

Further information is given in the notes to the financial statements.

DIRECTORS

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

A D Wood

S J McGregor

A Cook

Other changes in directors holding office are as follows:

W F S Bennett , I F McGregor , K McGuane , V Miller , R P Tate and R Ware were appointed as directors after 31 December 2025 but prior to the date of this report.

S W Kingsman ceased to be a director after 31 December 2025 but prior to the date of this report.

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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

ON BEHALF OF THE BOARD:

A D Wood - Director

12 October 2026

Opinion

We have audited the financial statements of DMA Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Statement of 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 six, 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Based on our understanding and accumulated knowledge of the group and the parent company and the sector in which it operates we considered the risk of acts by the group and the parent company which were contrary to applicable laws and regulations, including fraud and whether such actions or non-compliance might have a material effect on the financial statements. These included but were not limited to those that relate to the form and content of the financial statements, such as the group and parent company accounting policies, UK accounting standards and UK Companies Act 2006. All team members were briefed to ensure they were aware of any relevant regulations in relation to their work.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements, including the risk of override of controls, and determined that the principal risks were related to posting inappropriate journal entries, management bias in accounting estimates and improper revenue recognition associated with period-end cut-off. Our audit procedures included, but were not limited to:

-

Agreement of the financial statements to underlying supporting documentation;

-

Challenging assumptions and judgements made by management in their significant accounting estimates;

-

Revenue period-end cut-off procedures;

-

Identifying and testing journal entries;

-

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

-

Obtaining an understanding of the control environment in monitoring compliance with laws and regulations.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that 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, misrepresentations or through collusion.

There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

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.

Michael Blay (Senior Statutory Auditor)

for and on behalf of RJP LLP

Chartered Certified Accountants &

Statutory Auditors

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

12 October 2026

TURNOVER

3

15,125,761

-

15,125,761

Cost of sales

(11,339,981

)

-

(11,339,981

)

GROSS PROFIT

3,785,780

-

3,785,780

Administrative expenses

(3,680,321

)

-

(3,680,321

)

OPERATING PROFIT

5

105,459

-

105,459

Interest receivable and similar income

77,939

-

77,939

PROFIT BEFORE TAXATION

183,398

-

183,398

Tax on profit

7

32,875

-

32,875

PROFIT FOR THE FINANCIAL YEAR

216,273

-

216,273

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

216,273

Profit attributable to:

Owners of the parent

216,273

Total comprehensive income attributable to:

Owners of the parent

216,273

TURNOVER

3

22,921,576

408,524

23,330,100

Cost of sales

(17,880,494

)

(305,948

)

(18,186,442

)

GROSS PROFIT

5,041,082

102,576

5,143,658

Administrative expenses

(4,150,980

)

(110,592

)

(4,261,572

)

OPERATING PROFIT/(LOSS)

5

890,102

(8,016

)

882,086

Loss on sale of investment

6

(628,734

)

-

(628,734

)

261,368

(8,016

)

253,352

Interest receivable and similar income

7,711

-

7,711

PROFIT/(LOSS) BEFORE TAXATION

269,079

(8,016

)

261,063

Tax on profit/(loss)

7

(8,883

)

69,576

60,693

PROFIT FOR THE FINANCIAL YEAR

260,196

61,560

321,756

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

321,756

Profit attributable to:

Owners of the parent

321,756

Total comprehensive income attributable to:

Owners of the parent

321,756

FIXED ASSETS

Intangible assets

9

1,108,895

1,222,185

Tangible assets

10

86,639

93,341

Investments

11

-

-

Investment property

12

1,510,000

1,510,000

2,705,534

2,825,526

CURRENT ASSETS

Debtors

13

2,824,195

3,068,527

Cash at bank and in hand

2,191,439

2,112,466

5,015,634

5,180,993

CREDITORS

Amounts falling due within one year

14

4,589,163

5,061,360

NET CURRENT ASSETS

426,471

119,633

TOTAL ASSETS LESS CURRENT LIABILITIES

3,132,005

2,945,159

CREDITORS

Amounts falling due after more than one year

15

(17,285

)

(46,712

)

PROVISIONS FOR LIABILITIES

17

(1,263

)

(1,263

)

NET ASSETS

3,113,457

2,897,184

CAPITAL AND RESERVES

Called up share capital

18

4,907,810

4,907,810

Other reserves

19

52,647

52,647

Retained earnings

19

(1,847,000

)

(2,063,273

)

SHAREHOLDERS' FUNDS

3,113,457

2,897,184

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2026 and were signed on its behalf by:

A D Wood - Director

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

-

-

Investments

11

67,337

67,237

Investment property

12

-

-

67,337

67,237

CURRENT ASSETS

Debtors

13

167

2,045,234

Cash at bank

5,206

18,310

5,373

2,063,544

CREDITORS

Amounts falling due within one year

14

32,364

2,116,401

NET CURRENT LIABILITIES

(26,991

)

(52,857

)

TOTAL ASSETS LESS CURRENT LIABILITIES

40,346

14,380

CAPITAL AND RESERVES

Called up share capital

18

4,907,810

4,907,810

Retained earnings

19

(4,867,464

)

(4,893,430

)

SHAREHOLDERS' FUNDS

40,346

14,380

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

25,966

(755

)

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2026 and were signed on its behalf by:

A D Wood - Director

Called up

share

Retained

Other

Total

capital

earnings

reserves

equity

£

£

£

£

Balance at 30 September 2023

4,907,810

(2,385,029

)

52,647

2,575,428

Changes in equity

Total comprehensive income

-

321,756

-

321,756

Balance at 31 December 2024

4,907,810

(2,063,273

)

52,647

2,897,184

Changes in equity

Total comprehensive income

-

216,273

-

216,273

Balance at 31 December 2025

4,907,810

(1,847,000

)

52,647

3,113,457

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 30 September 2023

4,907,810

(4,892,675

)

15,135

Changes in equity

Total comprehensive income

-

(755

)

(755

)

Balance at 31 December 2024

4,907,810

(4,893,430

)

14,380

Changes in equity

Total comprehensive income

-

25,966

25,966

Balance at 31 December 2025

4,907,810

(4,867,464

)

40,346

Cash flows from operating activities

Cash generated from operations

1

91,152

1,316,851

Tax paid

(8,615

)

78,694

Net cash from operating activities

82,537

1,395,545

Cash flows from investing activities

Purchase of intangible fixed assets

(60,728

)

(280,822

)

Purchase of tangible fixed assets

(20,775

)

(74,060

)

Sale of tangible fixed assets

-

346,874

Interest received

77,939

7,711

Net cash from investing activities

(3,564

)

(297

)

Cash flows from financing activities

Capital repayments in year

-

(22,084

)

Net cash from financing activities

-

(22,084

)

Increase in cash and cash equivalents

78,973

1,373,164

Cash and cash equivalents at beginning of year

2

2,112,466

739,302

Cash and cash equivalents at end of year

2

2,191,439

2,112,466

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

Period

30.9.23

Year Ended

to

31.12.25

31.12.24

£

£

Profit before taxation

183,398

261,063

Depreciation charges

214,880

253,779

Loss on disposal of fixed assets

-

76,518

Finance income

(77,939

)

(7,711

)

320,339

583,649

Decrease in stocks

-

19,193

Decrease in trade and other debtors

288,102

1,783,474

Decrease in trade and other creditors

(517,289

)

(1,069,465

)

Cash generated from operations

91,152

1,316,851

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

2,191,439

2,112,466

Period ended 31 December 2024

31.12.24

30.9.23

£

£

Cash and cash equivalents

2,112,466

739,302

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

2,112,466

78,973

2,191,439

2,112,466

78,973

2,191,439

Total

2,112,466

78,973

2,191,439