RE: Buys7 Oct 2025 09:30
Fergal... joking aside, why do you take critical thinking of the company to heart every time? The below is from the Chairman.
"Thanks for your email. Re your question, there is no statutory requirement to explain admin costs being everything from rent, insurances, legal, IR, travel costs, secretarial to salaries. Some of these costs were carried over from the previous year. Importantly the auditors have signed off FY2024 as being correctly presented."
Does this not concern you? It literally is a statutory requirement. £1.4m on the P&L and everyone just turns a blind eye.
Under IFRS, specifically IAS 1 – Presentation of Financial Statements, it is a statutory requirement under IAS1.97 to disclose material items of income or expense separately, either on the face of the financial statements or in the notes.