Annual Report & Accounts 2026

67
OUR FINANCIALS
13. PROPERTY, PLANT AND EQUIPMENT
Right-
of-use assets1 £ Furniture, fittings and equipment £
Total property, plant and equipment £
Cost or valuation
At 31 January 2024
4,379,593
738,647
5,118,240
Additions
–
772,373
772,373
Disposals
(2,054,303)
(148,785)
(2,203,088)
At 31 January 2026
2,325,290
1,362,235
3,687,525
Additions
–
85,068
85,068
Disposals
–
(53,929)
(53,929)
At 31 January 2026
2,325,290
1,393,574
3,718,664
Depreciation/Amortisation
At 31 January 2024
1,951,588
618,130
2,569,718
Charge for the year
454,275
120,863
575,138
Disposals
(2,054,303)
(148,785)
(2,203,088)
At 31 January 2026
351,560
590,208
941,768
Charge for the year
463,861
227,213
691,074
Disposals
–
(53,927)
(53,927)
At 31 January 2026
815,421
763,494
1,578,915
Carrying amount
At 31 January 2026
1,509,869
629,880
2,139,749
At 31 January 2026
1,973,730
772,027
2,745,757
At 31 January 2024
2,428,005
120,517
2,548,522
1
Right-of-use assets relate to property leases. During 2024, the Group renewed its existing leases on the offices in Chancery Lane, the new leases started in April 2024 and run for a five-year term.
The Company had no property, plant and equipment in either 2026 or 2026.