For the year ended 31 December 2025
Note | Share | Share | Capital | Hedging | Retained | Total | |
|---|---|---|---|---|---|---|---|
Balance as at 1 January 2024 |
| 2,442 | 44,178 | 15 | 660 | 59,684 | 106,979 |
Profit for the year |
| – | – | – | – | 3,844 | 3,844 |
Other comprehensive income for the year: |
| ||||||
Change in fair value of hedging instruments recognised in other comprehensive income |
| – | – | – | (965) | – | (965) |
Reclassification to income statement – administrative expenses |
| – | – | – | (968) | – | (968) |
Tax relating to effective portion of changes in fair value of cash flow hedges, net of recycling |
| – | – | – | 590 | – | 590 |
Actuarial gain on Defined Benefit Pension Scheme | 24 | – | – | – | – | 348 | 348 |
Tax relating to actuarial gain on Defined Benefit Pension Scheme |
| – | – | – | – | (87) | (87) |
Total comprehensive (loss)/income for the year |
| – | – | – | (1,343) | 4,105 | 2,762 |
Transactions with owners: |
| ||||||
Proceeds of shares issued, net of expenses |
| – | – | – | – | 72 | 72 |
Equity-settled share-based payments net of tax | – | – | – | – | 1,232 | 1,232 | |
Dividends paid | 9 | – | – | – | - | (3,542) | (3,542) |
Total transactions with owners | – | – | – | – | (2,238) | (2,238) | |
Balance as at 31 December 2024 |
| 2,442 | 44,178 | 15 | (683) | 61,551 | 107,503 |
Balance as at 1 January 2025 |
| 2,442 | 44,178 | 15 | (683) | 61,551 | 107,503 |
Profit for the year |
| – | – | – | – | 9,556 | 9,556 |
Other comprehensive income for the year: |
|
|
|
|
|
| |
Change in fair value of hedging instruments recognised in other comprehensive income |
| – | – | – | 647 | – | 647 |
Reclassification to income statement – administrative expenses |
| – | – | – | 743 | – | 743 |
Tax relating to effective portion of changes in fair value of cash flow hedges, net of recycling |
| – | – | – | (509) | – | (509) |
Actuarial gain on Defined Benefit Pension Scheme | 24 | – | – | – | – | 755 | 755 |
Tax relating to actuarial gain on Defined Benefit Pension Scheme |
| – | – | – | – | (189) | (189) |
Total comprehensive income for the year |
| – | – | – | 881 | 10,122 | 11,003 |
Transactions with owners: |
| ||||||
Options exercise |
| – | – | – | – | 25 | 25 |
Share Issued |
| 20 | – | – | – | – | 20 |
Equity-settled share-based payments net of tax | – | – | – | – | 1,406 | 1,406 | |
Dividends paid | 9 | – | – | – | – | (3,713) | (3,713) |
Total transactions with owners |
| 20 | – | – | – | (2,282) | (2,262) |
Balance as at 31 December 2025 |
| 2,462 | 44,178 | 15 | 198 | 69,391 | 116,244 |
The aggregate current and deferred tax relating to items that are charged to equity is £524k (2024: credited £659k).
The notes to the accounts form an integral part of these financial statements.