SHORTHORN SOCIETY OF THE UNITED KINGDOM OF GREAT BRITAIN AND IRELAND {Company Ilmlted by 8uarantee and not havlng a share capltal) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 MONTACS
SHORTHORN soaETY OF THE UNITED KINGDOM OF GREAT BRITAIN AND IRELANO REPORT OFTHE DIAECTORSANDTrUSTEES FOR THE YEAR ENDED 31 DECEMBEA 2024 TheTrustees pre5enttheir report and the financlal 5tsteMet of the charfr¥for the year ended 31st December 2024. The trustees have adopted the provlslons of the Statements of Recommended Piacttce1SORPI"Accoun1kn6 and Reportln8 by Charllles In preparknethe annual report and Ilnanclal statements of the chaty. The finantlal statements have been prepared In accordance wlth the CharitiesAct 2011 and Accountlng and Aeportlng by Charltles.. Statements ol Recommended Practlce appllcable to charltle5 preparlng thelr accounts In accorthnce with the Flnanclal Reportln8 Standard appllcable In ihe VK and Republ1¢ of Ireland In OctDbei 2019, R•l•r•nt• ind *dmlnlitraiion Ibknitloh Charky name: Shorthorn Soclety of the Unlted Klnidom of Great Brltaln and Ireland Ch•rlly reAlstv•tlon number: Comp•ny r•ikn•tlon numb•r: 213216 9597 P Arm$iron8 R G Colllns D H Cra18 rs E A D8v5e5 S E OIxDn J R Flsher G James 11 G Klte D Madelev N Madeley- rEsl8ned 09th Junè 2024 Mlss F Mannerln T C Moscrop A Reilly A G Rothen Mrs S H M Slade SVB Thomas D Walnwrlght A H J Whlttle D Wlnnln8ton J P Wyatt Mrs W A Young AJ Lawson Pregldent D Winnlngton MONTALS
SHORTMORN SOCIETh OF THE UNITED KINGDOM OF GREAT DRITAIN AND IRELAND REPORTOFTHE DIREcfoRs AND TrUSTtES FOR 7HE YEAR ENDED JI DECEMBER 2024 Re8istered ¢>ffice and Operatlonal addr Holme House Dale Alnstable Cartlsle CA4 9RH Comp•rhyS•cr•t•ry Mr A Ilyder Ind•p•ndent Ex•mln•r W.O.R. eerv FCA 8ank•N HSBC Bank pl¢. Covtntry Artmtlu •nd ch•rlt•ble oble¢ The prlnclp•l acrivlty and charSt•ble oble¢ts of the So¢lety Jre to encourage, prornote and Improve the breedlnB of Shorthorn tattle in the United Kin8dom of Great Brltaln and Ireland, or elsewhere, Jnd to complle and malntaln • Herd Book of retO8nisèd and pure.bred Shorthorn cattle. Publ1¢ benefft The trustees conslder they ha¥e complled wlth thelr duty to have due re8ard to the 8uldance on publlc beneflt, 35 pub115htd by the Charlty Commlsslon, In exertisln8 thelr powers and duties. MONTACS
SHOAThORN SOQETY OF THE UNrrEO KINGDOM OF GREAT BRITAIN AND IRELAIID REPOFtr OFTHE DIREOR9 AND TRUSTEES FOR THE YEAR ENOED JI DECEMBER 2024 Athlq¥ernellts and performint• Income Increased In 2024 comparedto 2023. thls was due to a £20,OtKJ bequest recelved In the yeaf and donation from Shorthorn Sires to the Society of £31.407. There was a reductlon In the number ol relstrations in the year whlch has reduced herd book entryfee Income. Expend5ture reduced 38aln thls year. th15 wa5 due to cost savlng5 that were Identllled durln8 the year. It Is hoped that there maybe lurthei sa¥ln8s Sn 2025. The Socletvs subsldlary compami Shorth(*n Slres Ltd contlnues lo trlId on It success wlth profft of £21.38212023 proftt ot £31.4071 In the last year. The redu¢tron In prollt thlsyear was due toa reductlon In semen sales. Promotlon of the brand cantlnued In many lormats durln8 2Q24, Iram Shows, advertlsln8 In the larmln8 press, Il¥esto¢k market shows & sales, contSnulng wlth the pos¢ln8 out of the successful semen brochure alon8 wlth new51etters. photographlc competltlon and the contlnued networkSng wlth Industry contscts. Fln•nd41 AtW The 5urplu5 for the year arnounted to £5,129. This amount has Increased reserves brou8ht forward leavin8 total unrestrlcted reserve5 of £358.418 at the end of the year. The Trustees consider the results to be 5at15factDry R•i•Thw Polkv The Sodetyalrns to hold Ilnanclal reserves that cover up to one ye8r5 OUt8oln8 resources. At 31 December 2024 the Soclety held tree re5erve5 01 £357,331. representlng apwoxlmately three year5 OUt¥olng resources. MONI ALS
SHORTHORN sooeTY OF THE UNITED KINfjDOM OF GREAT BRITAIN AND IRELAND RÉPORT OF THE DIRECTORSAND TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 5trurtur•, Go¥ern¥nce and M•n•yment G(vornlng document The 50clety1s a chadtoble cumpany Ilmlted by guarantee and does not have a share capltal. The 50clety was Incorporated on 15 June 1875 and registtred as a charlty on 8January 1963. The company was establlshed under a Memorandum ol A550clatlon, whlth establlshed the oblects and powers of the charltable company and Is 8overned by its Article5 of A5s0clatlon. Rttnlltment ind •ppolntrn•nt ol the Coun¢ll The dlrectors of the ¢ompany are also charlty trustees lor the purpose of charlty law underthe company's Articles are known a5 members of the Councll. Each year some councll members retire by rotation and are e15Blble for re-election. They ore èlècted by a ballot of those members entitled to vote. Trust••5 Indurtlon •nd tr•lnlni New Trustee5 ore brlefed by the Pre51dent thèlr obll8atlons as Councll members and the luture plans and oblectives of the Soclety. Minutes of prevlou5 meetin85 are 3150 avallable for new Councll Members upon request. Alik rwl•w The trustee5 have conducted a revlew of the major risks to whlch the charlty Is exposed and have establlshed sy5terns to mltl6ate these risk. Every effort Is made to ensure that all rSsks are kept to mlnimum. The Councll conslder that instsranc• cover and reserve5 are adequate tu ensure the contlnued operatlon of the Society in the event of the occurrence of any unexpected incid?nt. Thls report has been prepared Sn accordan wilh the Special provislons of Part 15 of the Companles Act 2006 relatlng to small companle5. Approved by the Trustees on and slgned on Its behalf bv: S Thomas. DlrectorlTrustee MONTACS
INDEPENDENT EXAMINER REPORTTOTHE TRUSTEES OF SHORTHORN SOCI OF THE UNITED KINGDOM OF GREAT 8RITAIN AND IRELAND I report to the charlty trustees on my examinatlon of the attounts of the Company for the year ended 31 December 2024. whlch are Set out on pages 6 to 15. RespDn51bllltSes WMI hasls of report As the charlty's trustees of the Company land also Its dlrectors for the purposes of the company lawl you are responslble for the preparatlon of the accounis In accordance wlth the requirement5 of the Companie5 Acl 261'the 2006 Act'l. Havln8 sat15fied myself thot ihe accounts of the Cornp?ny are not requlred to be audlted under Pirt 16 of the 21106 Act and are ellllble for Independent examlnatlon, I report In respect of my examlnatlon of your charity's accounts as carrled out under sectlon 145 of the CharltlES Act 20111'The 2011 Aet'l. In carryln8 out my examlnatlon I have followed the DlrectSons glven by the Charlty Commlsslon under 5ectlon 145151 Ibl ol the 2011 act. Ind•pendent •x•mln•V$ $t•t•m•nt I have cornpleted my exarnlnatlon. I can conflfm that no matter5 have come to my attentlon In connectlon wlth the examinatlon 8lvin8 me cause lo belleve that In any material respect.. ccountin8 record5 were not kept In respect of the company a5 requlred by sectlon sectlon 386 of the 2006 Act; OT the account5 do not accord wlth those records; or the accounts do not tomply wlth the accountlng requlrements of $t¢rion 396 of the 21x16 kl other than any requirement that thi ac¢ount$ give a 'true and fair view, whlch Is not a rnatter consldered as part of an Indeptndent examination; or the accounts have not been prepared In accordance with the rnethods and prlnclples of the Statement of Recommended Practlce for accountSn8 and reporting by charltles applicable to charlties preparln8 thelr accounts in accordance wlth the Flnanclal Reportin8 Standard appllcable in the UK and Republlc of Ireland IFRS 1021 I have no concerns and have come acr055 no other matters in connection wlth the examlnation to whlch attèntlon should be drawn in fhls report in order to enable a proper under51anding of the a¢¢ounts to be reached. W O R Benoy BSC FCA Montacs Internatlonal House Kingsfield Court Chester Busines5 Park Chester CH4 9RF Dated MON IALS
SHORTHOAN atTy OFTIIEUP41TED KINGtyJM QF GAEAT TlI AND IRELAND STATEMENTOF FINANaALAcnvinES IINCOAPORATING INCOME AND EXPENDITURÉ ACCOUNn FOR THE YEAR EfiDEO YI DECEMBER 1014 Unrnrtrfd•d R•th¢tsd fundi lundi Not•1 funds Tot•1 ldI T1 lun Ihtom•nd •ndowm•htsfroffl: &1 5YJ79 61799 9MS 124161 53,879 62,799 9,485 126,163 3,959 72,592 9,034 B5,585 3,959 71,592 9,034 85,565 Charlt•blegthvltle5 Investments Tot•1 xpendhweoh: 89,1 34,042 123,046 92,115 36,944 129,059 92,115 37.051 129,166 Ch•r1tèble8ctitlt1 Tot•1 34,042 121046 108 108 Net IIosxsllvln5 on In¥estrnEts 2,012 6,995 6,995 Il•t InMm•lmowm•nt knlunth ¥129 S,129 -36,479 -36.586 A•(orKIU•tlon of funds.. Toul funds browBht fon¥afd Totsl lundst4rrl2d forward 353,289 358,41B 15,527 lJ,517 366.816 371.945 389,767 353,Z89 13,635 13,527 405,402 366,816
SIIDRTHORN SOOETYOFTHE UIIITED KINQDOM oFaREATBRifH AND IRELAND OAANCESHÉET FOA yRENlD JIOECEMDER IOZ4 IQ14 ntiniible Js5ets TaThBlble assets In¥e5tmen15 I? 24D,119 241.111 li 238,355 240.365 stocki rjetstors 12 00,794 9,894 71 88,1 9,412 61.S03 159,416 Cash at bank and In Tw•1 rurrthit 162,577 Credltor5.' Amounti 14lllniduethln Nrt¢uvf•rt •M•l•or Ilabllhl Ji,B41 130,753 32,g65 126,451 J71.945 366016 credIt.. Amountsfolllni due •fter more th4n onewr J?lJ45 a64116 Thi fvTrd%alth•(h4rfty'. Itwtrlcted Income funds Unit5trtcted lunds 11.$27 358,418 13,527 353,289 Tot4lthfft¥fvndi 371,Y45 J6616 TchillIbIl coryiTry15 •ntlthd to •x•rnptlon f¥tndrttknn 477Df ¢h¢CpMynl•SArt2fjfrIh¢ y•af •ndid Jtst De¢erntser 1014. Th• mornrI h4¥0 notrnqulrnd th•compiThyto obtaln in •udlt In iccorthnc•%%4ih MCfl•n 476oftheComp•rd kt 2006. The dlrertofsand INlee5 a<knowledie iher¢sponlk41tt1eslortomplyln8wlth the rEwremehts4)Ithe Ctsmp•nies Act th respeetto atcauniirfretords the prewifjon ofthe IC11. These flnanclal Statements have tseen prEpared lTraccordancElth lfre prcvlslonsappllubh to 5fflalltomp4nl•5' sublect tDthe small companle5' rerne and in aord4Cewh FAS 1015011P. The financlal statements Vre approved bythe Councll on and were sl8nÈd on Its half by.. SThoma¥Dirertornru5tEe MONI AC5
SHORThORN SOUETYOF THE UNITED KINGIIOM OF GREAT BAITAIN AND IRELANO NOTESTOThE FINANCll4lSTATEMENTS FOR THE YEAR ENDEO 31 DECeP•lOER 2014 l. G•n•r•l tnform•tSon WKI b•s15 olpr•wr•llon The Shorthom Socletyof the VTrlted Klngdom of Great 8rftaln and Ire14nd a prlvate CoMnY4 Ilmhed byguarantee, reglsiered In En8l•nd aThd Wales. The •ddress of the reglstered office Is ilven In the charlty Informatlon on pale 2 ol thesethnancial 5tatement5. The nature of the charity'5 operation5 and prlnclpol actlvmes are to encourèie, promote and Improve the breedlng of Shorthorn cottle In the United KinÉdom ol Great 8ritain and Ireland, or elsewhere and to compllt ano mèlnialn a Herd book of r¢¢oqThSsed and pure bred Shorthorn cattle. The char5tycon5tltutes a public beneflt eniity •$ deflned by FR5 101. Theftn•n¢l•l statements have been prepared in accord4nce wlth Accountlni and Reportini by Charlties.. Statement of Recommended Practlce applIcae to rh•rltles piepèrin8 thelr accounts In èccordance wlth the Flnanclal Reportin8 Standard appllcable In the UK and Republlc of Ireland IFRS IOZI. Ihe Chaillles A¢t 2011, th¢ Companles Act 2006, and UK Generally Accepted Ac£ountin8 Practlce. The financlal statements are prvpared on • golTh8 con¢ern basls under ¢he hSstorl¢•l ¢ost conventlon. modlfled to Include certaln Items at folr value. The flnonclal 5tsternents are presented In $terllng IE) whlch Is ihe lunctlonal currency of the charlty and rounded to the nearest pound. The slgfiWlc•nt •¢¢ountlng pvll¢le$ •pplled In rhe prep•ration of thesefinanclal statements are set out below. These pollcle5 have been con$l$tEntty 4pplled to •ll years pre$enred unle$s orherwlse s¢•ted. 2. Attountlrw poMd•6 Fund •trountl Unfestrl£tetl lunds arv •¥allablelor use at the dlKretlon of the trusree$ furth•r•nce of the8eneral oblectlves of the charlty and whlch have been de518nated forothtr purposes. Resirftied lund$ c4r* only In ¥ccord•nce wlth the restrlctlon Imposed upon them. Ihtam• r•co8nttfon All Incornlng resources afe Included In the siaiement ol Flnan¢l•l Artlvltle$1SOFAI when th¢ charltyls legally entf(led to the Income 4fter any performance condltlon5 have been mel the amount fan bE measured rellably, and rt Is probable thatthe Income wlll be recefved. Investment Incomels earned throuÉh holdln8 assets of Investment purposes such as shares and property. It Include5 dlvldends, Interest and rent. Where It15 not practicoble to Identlty Investm2nt management costs Intuvred thIn a scheme wlth reasonable accuracy the Investment lTrcorne15 reported net of these costs. It Is In¢ludEd when the amount tan be meèsured rellably. Interest Income Is reco8nlsed uslnL the effectlve Int?rest method and dividend and rent15 reco8nised as thÈ charlty's rl8ht to recelve payment Is establlshed. MONTAC5
SIIORTHORN SOCIETY OF T+IE UNITED KINGOOM OF GREAT BRITAIN AND IRELAND NOTES TOTHE FINANCIALSTATEMENTS FOR TMEYEAR ENOED JI DECEMBER 2024 2. A¢countlrw pollcles Icorfdl Glft ald paymMs Glft ald payments are reco8nlsEd as dlstrlbutlonsto owners from retalned earnIn wlth there beln8 no le8al obllRlon to mHk• paym?nts. Th• rrfjiinlfte pnllry fnr g5ft 4lrt nxympnt4 al4n rp4iilt% In thp rnfflpHny rpmgnlsin£ a tHxatlnD rhargp nn Il, proftts IDr the year. Howevef, the appllcatlon of the exceptlon Under paragraph 29.14A of FAS 102 provlde5 rellef In respect of the accountlng forthe tax char8e. Thls results In an overall nll Impart on the charge for tax In the Income Staternent. Thls exceptlon 15 only appllcable as It Is prDbable that the 8Ift ald paymentwlll be made bythe cornpanylo the parent charlty vAthin 9 mohth5 01 the reportlng datè. Ewndlturn r•coinltlon All expenditure is attounted for on accrual basis and ha5 been classlfied under heading5 that awegjte 411 costs related to the cate80ry. Exponditure Ss reco8nlsed where there is a leg81 or constructlve obllgatlon to make payment5 to thlrd partles, It Is probable that the settlèment wlll be requlred. and the amount of the obll8atloft ¢an be measured rellablv. Int•Ible flx•d 1ss•ts The 5ntan8lble fixed asset comprornlses the copyrf8ht of the Coates Hefd Book and 15 St•ted at C05t. TlIble flied aM•ts T•n8ffjble flxed a55et5 are stated at tost lor dttmtd tostl or valuatlen less actumulated depreclatlon and accumulated Impalrment losses. Cost Includes costs dlre£tly attrlbutsble to makin8 the asset tapable of operatini as Intended, Depreclaiion Is provlded at the foliowlngannual rates In order to wrfte off each asset over Its estlmated usefvl Leasehold bulldln85 Equlpment Wrltten off In 2020 10%- 20% stralqht Ilne Invvlrnents Invesiments are re¢o8nlsed Inltlally at fairvalue whlch 15 norrnally the transaction prlce excltsdinBtransactlon costs. Subsequently, they are meaSUd at falr value wlth £han8es re£o8nlsed In 'net Bain5lllossesl on inve5trnents' IM the SOFA If the shares are publicly traded or thelr value can otherwlse be rneasured reliably. Other investments are measured at cost less irnpairrnent. MONTACS
5110RYHORN 50CIEfY OF THE U141TeD KINGDOM OF GREAT BRITAIN AND IAELANO NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAA ENOEDJI DECEM•ER 2024 2. A(eountlr¥ pollckn Icort'd) Stot Stock has been valued at the lower ol cost and net re•llsable ¥•lue. Oebtorn and eredltorn r•tal¥abl•lpayabl• wiihln on• Yr Debtors and uedltors stated wlth no Interest rate and recelvable or payable wlth one ytar are recorded at transactlon re. kny1055e5 arlsln8from Impalrment are reco6nlstd In expendlture. Oper•lln8 le•5es Rentals payable and recelvjble under oper*ing leases are chareed to the SOFA on a stralght Ilne basls over the period of the lease. Forethn ¢urrency Forel8n currencylran54Ctlons are Inltlally retO8nSsed by applylngio the forelgn currency amoL exchange rate between the functlonal currewand the forelin currenty at the date of the transartlon. Monetary assets and Ilabllltles denomlnated Sn lorelAn currencyat the balance sheet date Bre translated usln8 the ¢loslni rate. R•l•t•d tomyny and consolld•tlon The companyowns 100% of the155ued ordlnary share CaF4uI of Shorthorn Slres UK Llmltod Ilncorporated In thE Unlted Klnudoml. The company and its subsldlary compromlse a small group. The company has iherelore taken advanta8e of the exemptlon provlded by settlon 398 of the Companle5 Act 2006 not to prepare group accounts. 3. Net IrKome 2024 2023 Net Income Is ststed after char8Sn8 DePrlatIOn ol tangible flxed 055ets OperaiinR lease costs 917 290 4. Ind•pendent Examln•rs Romun•r•tlo S. Teiulee reNwJn•ratlon Ind other benoflis No tru5tees' remuneratlon orother benefft5 were pald durfng the year. Reimbursed travel expEnses MONTACS 10
SHORTHORN SOCIETY OF THE UNrrED KINGDOM OF GREAT BRITAIN AND IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2024 6. Incomè 2024 Vnr•stncted funds 2023 ilnrestricteo funds 6.1 DoTratlons ind leixl 6.2 Charltable actlvltl•s Member subscrlptlons Herd book entry fee5 Classlflcatlon fees Other fees Coate5' herd book Shorthorn Journal Merchandlse Show5 and Events Sundry Income Management Fee5 53.879 3.959 11,779 19,016 9,560 177 12,825 26,086 6,491 311 5.109 250 540 1,368 15,000 7.080 1,192 790 2,821 15.000 62.799 72.S92 6.3 Inveslmerrt Intome Interest on deposlts Dlvldend Income 482 9.002 9,485 126,163 395 8.639 9.034 8S,585 Totsl Income MONIACS
SHORTHORN SoaoF ThE UNITEDWIIGDOM OF GlEATIRAlvI ANDIRELA14D MI)TESTOM FIMAPICIALSTATeMtNTS FOR THEVEAR ENDED31 DECEMBERIDI4 7.ExpMMi 102) UnrnrtrfEt•d R•sirl¢Md Urmtrf(t•d A•rtrkt•d fvnth 1,139 11,660 45,095 6.657 17,899 30063 5.692 B.303 1.310 6,610 705 8veedsecret•ry5 I5 aThd •p•nses M4n•iement Feel- Pis Sothjl mèdla fee5 ind •w•w•5 Rqntand ratti INurance Telepne ind post4• Prlntlns •nd 31Jllonery Cc¢))puter Softwirn 8,050 2,664 3,575 1.639 r i_j. Chae5 Tr•¥elllniexpen5•1 Sundryexp•n5es Leise of eoulpment Councll rneetiwsexpehses Indopénd•ni•MamlnJtla Lrfèl ahd prof•s17Th01f•e5 Depr&latlon 974 545 172 290 3,932 1.375 1.173 262 4,675 1,750 717 917 72thirftsbl• thrftl•A 5horthornlourn•l Shows•Dd Events Cl•sslftratluns Mtrthandl Publitity reed dEVtknpment Rosettes Purchase5 Misc Purchases WSC 2022 Expendltur• 7.luu 9.160 9,633 10,180 13,235 7,230 105 S,519 675 6.118 1,396 23 526 36.944 TO* Exp•ndllw• MONTACS 12
SHORTHORN SOCIETY OF THE UNffED KINGDOM OF GREAT BRtrAIN AND IRELAND NOTES TO THE FINANCIAL STATEME15 FOR THE YEAR ENDED 31 DECEMBER 2014 8. Stafl numbers and corti The average number of persons ernployed by the Soelety durln8 the yearwas: 2024 2013 Staff costs were.. Salarles and subcontrnct Employee pension 6,462 195 6,657 No employee recelved emoluments of more than £60,tsJO. 9. TaltsIe Ilxed •55•ts Equlpment Totsl At l January 2024 Addltlons DIsp05è1s At 31 December 2024 9,781 9,781 9,781 9,781 D•pIAllon At l January 2024 Charge In the year Olsposals At 31 December 2024 7,777 917 7,777 917 8,694 8,694 Net Book Value At 31 December 2023 2,004 2.004 At 31 December 2024 1,087 1,087 10. Inlan8lbl• flx•d asset$ Copyrlght at tost- Coaiès, Herd Book MONTACS 13
SHORTHORN SOCIETY OF THE UNITED KINGDOM OF GREAT BRITAIN AND IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11. In¥estm•nts Z4 2023 Llsted Investments held l January 2024 Purchases at cost Sales proceeds Revaluatlon Llsted Investments held 31 December 2024 (all quoted on a recogni5ed stock exchange) Shares In 8roup company 237,355 13,194 -13.442 2,012 230.571 8.318 -8.528 6.995 239,119 I,coo 240,119 237.355 1,000 238,355 12.Debtors Trade Debtors Prepayments Amounts owed by group company Loan - SSUK 16.404 13.852 30,538 20,000 80.794 16,898 3,503 48,101 20,000 88,501 13.Cr•dhors Trade CredStors Sundry Credltor5 Accruals & Deferred Income VAT Liability 11,833 10,454 6.183 3,373 31.843 12,626 8,568 5,291 6,479 32,965 14. Fund5 Total funds of £371,945 conslsts of £358,418 unrestrlcted funds and £13.527 restrlcted funds. MONIACS 14
slATlAN 50aEfYoFThE UNrrfD KINGDUM 01 QAEAT bftlTAIN At4DIAELAND NOTESTOTHE FW4ANCIALSYATEMENTS KIR THE YR ENDEDJI DE(EMBEIiZQ14 The 5odety 05 100% pf thE15gJed shafe tap5ts101Shorthom SSres Llmlted, formerlyRed Cattle Genetlcs IStonelel8hl Umlttd Ilncorporaied In the Unked KIn1dlI thlch se115 Shorthc¥o semen. ltstradlng ie5ulsfor thR yNr. as eAtrart2d fmm the unaudiied•ceourts4re as lollow5.' x+ Turho¥er Cost of sales Gross profit Admlnlstratlv• e%p•ns•5 ILXI.S16 57.385 43.131 21.749 21,302 128,102 73.614 54,488 23.C41 31.407 InterÈst retelvable Profit faf the FlnahdBIYear Glft Ald danètlon R•ta5ned Income Re1 l Janu•ry 2024 31 tl•cernber 2024 21.182 31.407 10.D25 40.628 30.603 31.407 31,407 9.221 40.62B 15
SHORIHORNSOCIEIYQFTHE U141TEDKINGDOM OF GREATBRITlI ANDIRELAND STATt1dEinoFFIIIALAcTrVb71ES IIIKIXIPORAIINq INCiW41tAND IXPllmREAccouNn FOAIHE YWI INDa)JlDlCThI1a2• fuThds fvndi funds 20ZJ ltyrom• 126,163 E>¥¢ndFtur• IlJ,P16 129,0$9 3,117 43N74 Nrtyln•lll•wsl M 1ThrtM•ts 2,012 6.995 5.119 36,479 Fund b•l•n<•¥•t lJinu•ry 1014 Fund b•l•n¢•14tS1 DK•mh•i I4 35441A IY,527 353,289 MONTThI-S