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  "fact-312": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs1f\">1. Basis of preparation<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gs20\">General information<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs21\">Supermarket Income REIT plc (the \u201cCompany\u201d) is a company registered in England and Wales with its registered office at 3<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h21 ff51 fs15 fc1 sc0 ls24 ws1c gs22\">rd<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs23\">Floor, 10 Bishops Square, London, E1 6EG. The principal activity of the Company and its subsidiaries (the \u201cGroup\u201d) is to provide its </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs24\">Shareholders with an attractive level of income together with the potential for capital growth by investing in a diversified portfolio of </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs25\">supermarket real estate assets in the UK.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs26\">At 30 June 2025 the Group comprised the Company and its wholly owned subsidiaries as set out in Note 15. </div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gs27\">Basis of preparation </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs28\">These consolidated financial statements cover the year to 30 June 2025, including comparative figures relating to the year to </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs29\">30 June 2024, and include the results and net assets of the Group. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2a\">The consolidated financial statements have been prepared in accordance with:<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2b\">\u2022 <span class=\"_ _8\"> </span> <span class=\"_ _5\"></span>UK-adopted international accounting standards and with the requirements of the Companies Act 2006 as applicable to companies </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2c\">reporting under those standards; and </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2d\">\u2022 <span class=\"_ _8\"> </span> <span class=\"_ _5\"></span>The Disclosure and Transparency Rules of the Financial Conduct Authority.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2e\">The principal accounting policies applied in the preparation of these consolidated financial statements are set out below. These </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2f\">policies have been consistently applied to all years presented, other than where new policies that were not previously relevant to </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs30\">the Group\u2019s operations have been adopted.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gs31\">Going concern<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs32\">In light of the current macroeconomic backdrop, the Directors have placed a particular focus on the appropriateness of adopting the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs33\">going concern basis in preparing the Group\u2019s and Company\u2019s financial statements for the year ended 30 June 2025. In assessing the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs34\">going concern basis of accounting the Directors have had regard to the guidance issued by the Financial Reporting Council. </div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws1b gs35\">Liquidity </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs36\">At 30 June 2025, the Group had \u00a395.3 million in cash and undrawn committed facilities totalling \u00a3117.0 million with no capital </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs37\">commitments or contingent liabilities.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs38\">After the year end, the Group also increased its direct debt capacity from \u00a3724.0 million to \u00a3974.0 million, leaving undrawn </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs39\">committed facilities of \u00a3350.0 million available.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3a\">The Directors are of the belief that the Group continues to be well funded during the going concern period with no concerns over </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3b\">its liquidity. </div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs3c\">Refinancing events<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3d\">At the date of signing the financial statements, the \u00a3104.5 million SMBC facilities fall due for repayment during the going concern </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3e\">period. The Group has \u00a3350.0 million debt capacity which can be utilised to refinance the SMBC facility in September 2026, whilst </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3f\">there remains the option to extend this facility. </div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws1b gs40\">Covenants </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs41\">The Group\u2019s debt facilities include covenants in respect of LTV, interest cover, unencumbered assets and priority debt.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs42\">The Directors have evaluated a number of scenarios as part of the Group\u2019s going concern assessment and considered the impact of </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs43\">these scenarios on the Group\u2019s continued compliance with debt covenants. The key assumptions that have been sensitised within </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs44\">these scenarios are falls in rental income and increases in administrative cost inflation. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs45\">As at the date of issuance of this Annual Report 100% of contractual rent for the period has been collected. The Group benefits from </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs46\">a secure income stream from its property assets that are let to tenants with excellent covenant strength under long leases that are </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs47\">subject to upward only rent reviews.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs48\">The list of scenarios are below and are all on top of the base case model which includes prudent assumptions on valuations and cost </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs49\">inflation. The Group is 100% fixed or hedged (including post period end refinancings). No sensitivity for movements in interest rates </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs4a\">have been modelled for the hedged debt during the going concern assessment period. </div><div class=\"gs4b\"><table class=\"s wb6 hf3\" id=\"_c25a9efb-aaeb-4109-9e59-94bbe3b2fcfb\"><tr><td class=\"c n x1aa y2708 wb7 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">Scenario<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d7 y2708 wb8 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Rental Income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d8 y2708 w80 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">Costs<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2709 wb9 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Base case scenario (Scenario 1)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d9 y2709 wba heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">100% contractual rent received when due</div></td><td class=\"t m0 x2da h20 y270a ff51 fs14 fc1 sc0 ls23 ws0\">In line with Company FY26 budget and </td></tr><tr><td></td><td class=\"t m0 x2db h20 y270b ff51 fs14 fc1 sc0 ls23 ws0\">and rent reviews based on forward looking </td><td class=\"t m0 x2da h20 y270c ff51 fs14 fc1 sc0 ls23 ws0\">increased by inflation thereafter.<span class=\"_ _2aa\"> </span></td></tr><tr><td></td><td class=\"t m0 x2db h20 y270d ff51 fs14 fc1 sc0 ls23 ws0\">inflation curve, capped at the contractual </td><td></td></tr><tr><td></td><td class=\"t m0 x2db h20 y270e ff51 fs14 fc1 sc0 ls23 ws0\">rate of the individual leases.<span class=\"_ _2aa\"> </span></td><td></td></tr><tr><td class=\"c n x1aa y270f wbb heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Scenario 2<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d7 y270f wbc heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Rental income to fall by 20%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dc y270f wbd heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Costs expected to remain the same as the<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m0 x2da h20 y2710 ff51 fs14 fc1 sc0 ls23 ws0\">base case.<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2711 wbb heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Scenario 3<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d7 y2711 wad heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Rental income expected to remain the<span class=\"_ _2aa\"> </span></div></td><td class=\"t m0 x2da h20 y2712 ff51 fs14 fc1 sc0 ls23 ws0\">10% increases on base case costs to all </td></tr><tr><td></td><td class=\"t m0 x2db h20 y2713 ff51 fs14 fc1 sc0 ls23 ws0\">same as the base case.<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x2da h20 y2713 ff51 fs14 fc1 sc0 ls23 ws0\">administrative expenses<span class=\"_ _2aa\"> </span></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs4d\">The Group continues to maintain covenant compliance throughout the going concern assessment period under each of the scenarios </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs4e\">modelled. The lowest amount of ICR headroom experienced in the worst-case stress scenarios was 18.3%. Property values would </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs4f\">have to fall by more than 40.5% before LTV covenants are breached against 30 June 2025 Group valuations. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs50\">Having reviewed and considered the scenarios, the Directors consider that the Group has adequate resources in place for at least </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs51\">12 months from the date of these results and have therefore adopted the going concern basis of accounting in preparing the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs52\">Annual Report.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gs53\">Accounting convention and currency<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs54\">The consolidated financial statements (the \u201cfinancial statements\u201d) have been prepared on a historical cost basis, except that </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs55\">investment properties, equity-settled share based payments and interest rate derivatives measured at fair value.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs56\">The financial statements are presented in Pounds Sterling and all values are rounded to the nearest thousand (\u00a3\u2019000), except where </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs57\">otherwise indicated. Pounds Sterling is the functional currency of the Company and the presentation currency of the Group.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs58\">Euro denominated results of the French operation have been converted to Sterling at the average exchange rate for the year or from </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs59\">the period from acquisition to 30 June 2025 of \u20ac1:\u00a30.85, which is considered not to produce materially different results from using the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs5a\">actual rates at the date of the transactions. Year end balances have been converted to sterling at the 30 June 2025 exchange rate of </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs5b\">\u20ac1:\u00a30.86. The accounting policy for foreign currency translation is in note 2.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gs5c\">Adoption of new and revised standards<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs5d\">There were a number of new standards and amendments to existing standards which are required for the Group\u2019s accounting period </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs5e\">beginning on 1 July 2024.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs5f\">The following amendments are effective for the period beginning 1 July 2024:</div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs60\"> <span class=\"_ _30\"> </span>\u2013 <span class=\"_ _d\"> </span>Lack of exchangeability (Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates)<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs61\">There was no material effect from the adoption of the above-mentioned amendments to IFRS effective in the period. They have </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs62\">no significant impact to the Group as they are either not relevant to the Group\u2019s activities or require accounting which is already </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs63\">consistent with the Group\u2019s current accounting policies.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs64\">In the current financial year, the Group has adopted a number of minor amendments to standards effective in the year issued by the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs65\">IASB as adopted by the UK Endorsement Board, none of which have had a material impact on the Group. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs66\">There was no material effect from the adoption of other amendments to IFRS effective in the year. They have no significant impact on </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs67\">the Group as they are either not relevant to the Group\u2019s activities or require accounting which is consistent with the Group\u2019s current </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs68\">accounting policies.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gs69\">Standards and interpretations in issue not yet adopted<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs6a\">The following are new standards, interpretations and amendments, which are not yet effective, and have not been early adopted in </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs6b\">these financial statements, that will or may have an effect on the Group\u2019s future financial statements:<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs6c\">\u2022 <span class=\"_ _8\"> </span>Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs6d\">\u2022 <span class=\"_ _8\"> </span>IFRS 18 Presentation and Disclosure in Financial Statements<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs6e\">\u2022 <span class=\"_ _8\"> </span>IFRS 19 Subsidiaries without Public Accountability: Disclosures<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs6f\">The Group expects to review and determine the impact of the new standards on the Group\u2019s reporting and financial statements over </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs70\">the coming financial year.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs71\">There are other new standards and amendments to standards and interpretations which have been issued that are effective in future </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs72\">accounting periods, and which the Group has decided not to adopt early. None of these are expected to have a material impact on the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs73\">condensed consolidated financial statements of the Group.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gs74\">Significant accounting judgements, estimates and assumptions<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs75\">The preparation of these financial statements in accordance with IFRS requires the Directors of the Company to make judgements, </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs76\">estimates and assumptions that affect the reported amounts recognised in the financial statements.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs77\">Key estimate: Fair value of investment properties </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs78\">The fair value of the Group\u2019s investment properties is determined by the Group\u2019s independent valuer on the basis of market value </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs79\">in accordance with the RICS Valuation \u2013 Global Standards (the \u201cRed Book\u201d). Recognised valuation techniques are used by the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs7a\">independent valuer which are in accordance with those recommended by the International Valuation Standard Committee and </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs7b\">compliant with IFRS 13 \u2018Fair Value Measurement.\u2019 </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs7c\">The independent valuer did not include any material valuation uncertainty clause in relation to the valuation of the Group\u2019s investment </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs7d\">property for 30 June 2025 or 30 June 2024.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs7e\">The independent valuer is considered to have sufficient current local and national knowledge of the supermarket property market and </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs7f\">the requisite skills and understanding to undertake the valuation competently.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs81\">In forming an opinion as to fair value, the independent valuer makes a series of assumptions, which are typically market-related, </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs82\">such as those in relation to net initial yields and expected rental values. These are based on the independent valuer\u2019s professional </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs83\">judgement. Other factors taken into account by the independent valuer in arriving at the valuation of the Group\u2019s investment </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs84\">properties include the length of property leases, the location of the properties and the strength of tenant covenants. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs85\">The fair value of the Group\u2019s investment properties as determined by the independent valuer, along with the significant methods and </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs86\">assumptions used in estimating this fair value, are set out in note 14.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs87\">Key judgement: Acquisition of investment properties<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs88\">The Group has acquired and intends to acquire further investment properties. At the time of each purchase the Directors assess </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs89\">whether an acquisition represents the acquisition of an asset or the acquisition of a business. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs8a\">Under the Definition of a Business (Amendments to IFRS 3 \u201cBusiness Combinations\u201d), to be considered as a business, an acquired </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs8b\">set of activities and assets must include, at a minimum, an input and a substantive process that together significantly contribute to </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs8c\">the ability to create outputs. The optional \u2018concentration test\u2019 is also applied, where if substantially all of the fair value of gross assets </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs8d\">acquired is concentrated in a single asset (or a group of similar assets), the assets acquired would not represent a business.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs8e\">During the year, the Group completed two acquisitions; this includes the acquisition of nine<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h21 ff51 fs15 fc1 sc0 ls24 ws1c gs8f\">97</div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs90\"> French properties in a single transaction. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs91\">In both cases the concentration test was applied and met, resulting in the acquisitions being accounted for as asset purchases. </div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs92\">Key judgement: Sale and leaseback transactions<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs93\">The Group acquires properties under a sale and leaseback arrangement. At the time of the purchase the Directors assess whether the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs94\">acquisition represents a true sale to determine whether the assets can be accounted for as Investment Properties under IFRS 16.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs95\">Under IFRS 15, for the transfer of an asset to be accounted for as a true sale, satisfying a performance obligation of transferring </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs96\">control of an asset must be met for this to be deemed a property transaction and accounted for under IFRS 16. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs97\">During the year, the Group acquired nine<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h21 ff51 fs15 fc1 sc0 ls24 ws1c gs98\">98</div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs99\"> stores (2024: 17 stores) in France under sale and leaseback arrangements. The terms of </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs9a\">the sale and underlying lease were reviewed for indicators of control and deemed that the significant risks and rewards to ownership </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs9b\">were transferred to the Group and therefore was accounted for as an investment property acquisition.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs9c\">Key judgement: Joint ventures \u2013 joint control<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs9d\">During the year, the Group entered into a 50:50 Joint Venture (JV) with funds managed by Blue Owl Capital (\u201cBlue Owl\u201d). This was </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs9e\">seeded with eight supermarket properties from the Group\u2019s existing portfolio which had a combined investment property value </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs9f\">of \u00a3403.3 million. The classification and accounting treatment of the Joint Venture Interest in the Group\u2019s consolidated financial </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsa0\">statements is subject to judgement due to the significance of the transaction. By reference to the contractual arrangements and deeds </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsa1\">that regulate the joint venture, it was necessary to determine whether the Group, together with the other key parties had the ability to </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsa2\">jointly control the structure through their respective rights as defined by the contractual arrangements and deeds of the structure.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsa3\">The Board of Directors of Arthur JV Limited, being the parent company of the JV structure, is split equally between Supermarket </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsa4\">Income REIT plc and Blue Owl representatives. Decisions of the JV require unanimous consent since there are equal voting rights and </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsa5\">an equal economic interest in the net assets of the JV.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsa6\">The Directors therefore concluded that through its JV interest, the Group has joint control of the joint venture and as such is accounted </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsa7\">for using the equity method of accounting under IAS 28.</div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gsb7\"><span class=\"_ gsb8\"> </span>.   <span class=\"_ _5\"></span>Includes one store for which the Company had signed a conditional purchase to buy and which completed post year end.</div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gsb9\"><span class=\"_ gsba\"> </span>.   <span class=\"_ _5\"></span>Includes one store for which the Company had signed a conditional purchase to buy and which completed post year end.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-349": {
   "value": "General information<span class=\"_ _2aa\"> </span>Supermarket Income REIT plc (the \u201cCompany\u201d) is a company registered in England and Wales with its registered office at 3<span class=\"_ _2aa\"> </span>rd<span class=\"_ _2aa\"> </span>Floor, 10 Bishops Square, London, E1 6EG. The principal activity of the Company and its subsidiaries (the \u201cGroup\u201d) is to provide its Shareholders with an attractive level of income together with the potential for capital growth by investing in a diversified portfolio of supermarket real estate assets in the UK.<span class=\"_ _2aa\"> </span>At 30 June 2025 the Group comprised the Company and its wholly owned subsidiaries as set out in Note 15. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-2": {
   "value": "Supermarket Income REIT plc",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-310": {
   "value": "Supermarket Income REIT plc",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-307": {
   "value": "plc",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-5": {
   "value": "England and Wales",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-3": {
   "value": "3 rd Floor, 10 Bishops Square, London, E1 6EG",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-4": {
   "value": "The principal activity of the Company and its subsidiaries (the \u201cGroup\u201d) is to provide its Shareholders with an attractive level of income together with the potential for capital growth by investing in a diversified portfolio of supermarket real estate assets in the UK. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-350": {
   "value": "The consolidated financial statements have been prepared in accordance with:<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span> <span class=\"_ _5\"></span>UK-adopted international accounting standards and with the requirements of the Companies Act 2006 as applicable to companies reporting under those standards",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-351": {
   "value": "Going concern<span class=\"_ _2aa\"> </span>In light of the current macroeconomic backdrop, the Directors have placed a particular focus on the appropriateness of adopting the going concern basis in preparing the Group\u2019s and Company\u2019s financial statements for the year ended 30 June 2025. In assessing the going concern basis of accounting the Directors have had regard to the guidance issued by the Financial Reporting Council. Liquidity At 30 June 2025, the Group had \u00a395.3 million in cash and undrawn committed facilities totalling \u00a3117.0 million with no capital commitments or contingent liabilities.<span class=\"_ _2aa\"> </span>After the year end, the Group also increased its direct debt capacity from \u00a3724.0 million to \u00a3974.0 million, leaving undrawn committed facilities of \u00a3350.0 million available.<span class=\"_ _2aa\"> </span>The Directors are of the belief that the Group continues to be well funded during the going concern period with no concerns over its liquidity. Refinancing events<span class=\"_ _2aa\"> </span>At the date of signing the financial statements, the \u00a3104.5 million SMBC facilities fall due for repayment during the going concern period. The Group has \u00a3350.0 million debt capacity which can be utilised to refinance the SMBC facility in September 2026, whilst there remains the option to extend this facility. Covenants The Group\u2019s debt facilities include covenants in respect of LTV, interest cover, unencumbered assets and priority debt.<span class=\"_ _2aa\"> </span>The Directors have evaluated a number of scenarios as part of the Group\u2019s going concern assessment and considered the impact of these scenarios on the Group\u2019s continued compliance with debt covenants. The key assumptions that have been sensitised within these scenarios are falls in rental income and increases in administrative cost inflation. As at the date of issuance of this Annual Report 100% of contractual rent for the period has been collected. The Group benefits from a secure income stream from its property assets that are let to tenants with excellent covenant strength under long leases that are subject to upward only rent reviews.<span class=\"_ _2aa\"> </span>The list of scenarios are below and are all on top of the base case model which includes prudent assumptions on valuations and cost inflation. The Group is 100% fixed or hedged (including post period end refinancings). No sensitivity for movements in interest rates have been modelled for the hedged debt during the going concern assessment period. <table class=\"s wb6 hf3\" id=\"_c25a9efb-aaeb-4109-9e59-94bbe3b2fcfb\"><tr><td class=\"c n x1aa y2708 wb7 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">Scenario<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d7 y2708 wb8 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Rental Income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d8 y2708 w80 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">Costs<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2709 wb9 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Base case scenario (Scenario 1)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d9 y2709 wba heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">100% contractual rent received when due</div></td><td class=\"t m0 x2da h20 y270a ff51 fs14 fc1 sc0 ls23 ws0\">In line with Company FY26 budget and </td></tr><tr><td></td><td class=\"t m0 x2db h20 y270b ff51 fs14 fc1 sc0 ls23 ws0\">and rent reviews based on forward looking </td><td class=\"t m0 x2da h20 y270c ff51 fs14 fc1 sc0 ls23 ws0\">increased by inflation thereafter.<span class=\"_ _2aa\"> </span></td></tr><tr><td></td><td class=\"t m0 x2db h20 y270d ff51 fs14 fc1 sc0 ls23 ws0\">inflation curve, capped at the contractual </td><td></td></tr><tr><td></td><td class=\"t m0 x2db h20 y270e ff51 fs14 fc1 sc0 ls23 ws0\">rate of the individual leases.<span class=\"_ _2aa\"> </span></td><td></td></tr><tr><td class=\"c n x1aa y270f wbb heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Scenario 2<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d7 y270f wbc heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Rental income to fall by 20%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dc y270f wbd heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Costs expected to remain the same as the<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m0 x2da h20 y2710 ff51 fs14 fc1 sc0 ls23 ws0\">base case.<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2711 wbb heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Scenario 3<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d7 y2711 wad heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Rental income expected to remain the<span class=\"_ _2aa\"> </span></div></td><td class=\"t m0 x2da h20 y2712 ff51 fs14 fc1 sc0 ls23 ws0\">10% increases on base case costs to all </td></tr><tr><td></td><td class=\"t m0 x2db h20 y2713 ff51 fs14 fc1 sc0 ls23 ws0\">same as the base case.<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x2da h20 y2713 ff51 fs14 fc1 sc0 ls23 ws0\">administrative expenses<span class=\"_ _2aa\"> </span></td></tr></table>The Group continues to maintain covenant compliance throughout the going concern assessment period under each of the scenarios modelled. The lowest amount of ICR headroom experienced in the worst-case stress scenarios was 18.3%. Property values would have to fall by more than 40.5% before LTV covenants are breached against 30 June 2025 Group valuations. Having reviewed and considered the scenarios, the Directors consider that the Group has adequate resources in place for at least 12 months from the date of these results and have therefore adopted the going concern basis of accounting in preparing the Annual Report.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-352": {
   "value": "The financial statements are presented in Pounds Sterling and all values are rounded to the nearest thousand (\u00a3\u2019000), except where otherwise indicated. Pounds Sterling is the functional currency of the Company and the presentation currency of the Group.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-384": {
   "value": "Adoption of new and revised standards<span class=\"_ _2aa\"> </span>There were a number of new standards and amendments to existing standards which are required for the Group\u2019s accounting period beginning on 1 July 2024.<span class=\"_ _2aa\"> </span>The following amendments are effective for the period beginning 1 July 2024: <span class=\"_ _30\"> </span>\u2013 <span class=\"_ _d\"> </span>Lack of exchangeability (Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates)<span class=\"_ _2aa\"> </span>There was no material effect from the adoption of the above-mentioned amendments to IFRS effective in the period. They have no significant impact to the Group as they are either not relevant to the Group\u2019s activities or require accounting which is already consistent with the Group\u2019s current accounting policies.<span class=\"_ _2aa\"> </span>In the current financial year, the Group has adopted a number of minor amendments to standards effective in the year issued by the IASB as adopted by the UK Endorsement Board, none of which have had a material impact on the Group. There was no material effect from the adoption of other amendments to IFRS effective in the year. They have no significant impact on the Group as they are either not relevant to the Group\u2019s activities or require accounting which is consistent with the Group\u2019s current accounting policies.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-353": {
   "value": "Adoption of new and revised standards<span class=\"_ _2aa\"> </span>There were a number of new standards and amendments to existing standards which are required for the Group\u2019s accounting period beginning on 1 July 2024.<span class=\"_ _2aa\"> </span>The following amendments are effective for the period beginning 1 July 2024: <span class=\"_ _30\"> </span>\u2013 <span class=\"_ _d\"> </span>Lack of exchangeability (Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates)<span class=\"_ _2aa\"> </span>There was no material effect from the adoption of the above-mentioned amendments to IFRS effective in the period. They have no significant impact to the Group as they are either not relevant to the Group\u2019s activities or require accounting which is already consistent with the Group\u2019s current accounting policies.<span class=\"_ _2aa\"> </span>In the current financial year, the Group has adopted a number of minor amendments to standards effective in the year issued by the IASB as adopted by the UK Endorsement Board, none of which have had a material impact on the Group. There was no material effect from the adoption of other amendments to IFRS effective in the year. They have no significant impact on the Group as they are either not relevant to the Group\u2019s activities or require accounting which is consistent with the Group\u2019s current accounting policies.<span class=\"_ _2aa\"> </span>Standards and interpretations in issue not yet adopted<span class=\"_ _2aa\"> </span>The following are new standards, interpretations and amendments, which are not yet effective, and have not been early adopted in these financial statements, that will or may have an effect on the Group\u2019s future financial statements:<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>IFRS 18 Presentation and Disclosure in Financial Statements<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>IFRS 19 Subsidiaries without Public Accountability: Disclosures<span class=\"_ _2aa\"> </span>The Group expects to review and determine the impact of the new standards on the Group\u2019s reporting and financial statements over the coming financial year.<span class=\"_ _2aa\"> </span>There are other new standards and amendments to standards and interpretations which have been issued that are effective in future accounting periods, and which the Group has decided not to adopt early. None of these are expected to have a material impact on the condensed consolidated financial statements of the Group.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-383": {
   "value": "Standards and interpretations in issue not yet adopted<span class=\"_ _2aa\"> </span>The following are new standards, interpretations and amendments, which are not yet effective, and have not been early adopted in these financial statements, that will or may have an effect on the Group\u2019s future financial statements:<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>IFRS 18 Presentation and Disclosure in Financial Statements<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>IFRS 19 Subsidiaries without Public Accountability: Disclosures<span class=\"_ _2aa\"> </span>The Group expects to review and determine the impact of the new standards on the Group\u2019s reporting and financial statements over the coming financial year.<span class=\"_ _2aa\"> </span>There are other new standards and amendments to standards and interpretations which have been issued that are effective in future accounting periods, and which the Group has decided not to adopt early. None of these are expected to have a material impact on the condensed consolidated financial statements of the Group.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-354": {
   "value": "Significant accounting judgements, estimates and assumptions<span class=\"_ _2aa\"> </span>The preparation of these financial statements in accordance with IFRS requires the Directors of the Company to make judgements, estimates and assumptions that affect the reported amounts recognised in the financial statements.<span class=\"_ _2aa\"> </span>Key estimate: Fair value of investment properties The fair value of the Group\u2019s investment properties is determined by the Group\u2019s independent valuer on the basis of market value in accordance with the RICS Valuation \u2013 Global Standards (the \u201cRed Book\u201d). Recognised valuation techniques are used by the independent valuer which are in accordance with those recommended by the International Valuation Standard Committee and compliant with IFRS 13 \u2018Fair Value Measurement.\u2019 The independent valuer did not include any material valuation uncertainty clause in relation to the valuation of the Group\u2019s investment property for 30 June 2025 or 30 June 2024.<span class=\"_ _2aa\"> </span>The independent valuer is considered to have sufficient current local and national knowledge of the supermarket property market and the requisite skills and understanding to undertake the valuation competently.<span class=\"_ _2aa\"> </span>In forming an opinion as to fair value, the independent valuer makes a series of assumptions, which are typically market-related, such as those in relation to net initial yields and expected rental values. These are based on the independent valuer\u2019s professional judgement. Other factors taken into account by the independent valuer in arriving at the valuation of the Group\u2019s investment properties include the length of property leases, the location of the properties and the strength of tenant covenants. The fair value of the Group\u2019s investment properties as determined by the independent valuer, along with the significant methods and assumptions used in estimating this fair value, are set out in note 14.<span class=\"_ _2aa\"> </span>Key judgement: Acquisition of investment properties<span class=\"_ _2aa\"> </span>The Group has acquired and intends to acquire further investment properties. At the time of each purchase the Directors assess whether an acquisition represents the acquisition of an asset or the acquisition of a business. Under the Definition of a Business (Amendments to IFRS 3 \u201cBusiness Combinations\u201d), to be considered as a business, an acquired set of activities and assets must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create outputs. The optional \u2018concentration test\u2019 is also applied, where if substantially all of the fair value of gross assets acquired is concentrated in a single asset (or a group of similar assets), the assets acquired would not represent a business.<span class=\"_ _2aa\"> </span>During the year, the Group completed two acquisitions; this includes the acquisition of nine<span class=\"_ _2aa\"> </span>97 French properties in a single transaction. In both cases the concentration test was applied and met, resulting in the acquisitions being accounted for as asset purchases. Key judgement: Sale and leaseback transactions<span class=\"_ _2aa\"> </span>The Group acquires properties under a sale and leaseback arrangement. At the time of the purchase the Directors assess whether the acquisition represents a true sale to determine whether the assets can be accounted for as Investment Properties under IFRS 16.<span class=\"_ _2aa\"> </span>Under IFRS 15, for the transfer of an asset to be accounted for as a true sale, satisfying a performance obligation of transferring control of an asset must be met for this to be deemed a property transaction and accounted for under IFRS 16. During the year, the Group acquired nine<span class=\"_ _2aa\"> </span>98 stores (2024: 17 stores) in France under sale and leaseback arrangements. The terms of the sale and underlying lease were reviewed for indicators of control and deemed that the significant risks and rewards to ownership were transferred to the Group and therefore was accounted for as an investment property acquisition.<span class=\"_ _2aa\"> </span>Key judgement: Joint ventures \u2013 joint control<span class=\"_ _2aa\"> </span>During the year, the Group entered into a 50:50 Joint Venture (JV) with funds managed by Blue Owl Capital (\u201cBlue Owl\u201d). This was seeded with eight supermarket properties from the Group\u2019s existing portfolio which had a combined investment property value of \u00a3403.3 million. The classification and accounting treatment of the Joint Venture Interest in the Group\u2019s consolidated financial statements is subject to judgement due to the significance of the transaction. By reference to the contractual arrangements and deeds that regulate the joint venture, it was necessary to determine whether the Group, together with the other key parties had the ability to jointly control the structure through their respective rights as defined by the contractual arrangements and deeds of the structure.<span class=\"_ _2aa\"> </span>The Board of Directors of Arthur JV Limited, being the parent company of the JV structure, is split equally between Supermarket Income REIT plc and Blue Owl representatives. Decisions of the JV require unanimous consent since there are equal voting rights and an equal economic interest in the net assets of the JV.<span class=\"_ _2aa\"> </span>The Directors therefore concluded that through its JV interest, the Group has joint control of the joint venture and as such is accounted for using the equity method of accounting under IAS 28.<span class=\"_ gsb8\"> </span>.   <span class=\"_ _5\"></span>Includes one store for which the Company had signed a conditional purchase to buy and which completed post year end.<span class=\"_ gsba\"> </span>.   <span class=\"_ _5\"></span>Includes one store for which the Company had signed a conditional purchase to buy and which completed post year end.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-311": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gsa9\">2. Summary of material accounting policies </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsaa\">The material accounting policies applied in the preparation of the consolidated financial statements are set out below.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gsab\">2.1. Basis of consolidation<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsac\">The consolidated financial statements comprise the financial statements of the Company and all of its subsidiaries drawn up to </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsad\">30 June 2025. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls95 ws0 gsae\">Subsidiaries are those entities including special purpose entities, directly or indirectly controlled by the Company. Control exists when </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls95 ws0 gsaf\">the Company is exposed or has rights to variable returns from its investment with the investee and has the ability to affect those returns </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls95 ws0 gsb0\">through its power over the investee. In assessing control, potential voting rights that presently are exercisable are taken into account.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsb1\">The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsb2\">until the date that control ceases.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsb3\">In preparing the consolidated financial statements, intra group balances, transactions and unrealised gains or losses are </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsb4\">eliminated in full. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsb5\">Uniform accounting policies are adopted for all entities within the Group.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gsbc\">2.2. Rental income </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsbd\">Rental income arising on investment properties is accounted for in profit or loss on a straight-line basis over the lease term, as </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsbe\">adjusted for the following: </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsbf\">\u2022 <span class=\"_ _8\"> </span>Any rental income from fixed and minimum guaranteed rent review uplifts is recognised on a straight-line basis over the lease term, </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsc0\">variable lease uplift calculations are not rebased when a rent review occurs and the variable payment becomes fixed; and<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsc1\">\u2022 <span class=\"_ _8\"> </span>Lease incentives and initial costs to arrange leases are spread evenly over the lease term, even if payments are not made on such </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsc2\">a basis. The lease term is the non-cancellable period of the lease together with any further term for which the tenant has the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsc3\">option to continue the lease, where, at the inception of the lease, the Directors are reasonably certain that the tenant will exercise </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsc4\">that option. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsc5\">Contingent rents, such as those arising from indexed-linked rent uplifts or market based rent reviews, are recognised in the period in </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsc6\">which they are earned.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsc7\">Where income is recognised in advance of the related cash flows due to fixed and minimum guaranteed rent review uplifts or lease </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsc8\">incentives, an adjustment is made to ensure that the carrying value of the relevant property, including the accrued rent relating to </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsc9\">such uplifts or lease incentives, does not exceed the external valuation. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsca\">Rental income is invoiced in advance with that element of invoiced rental income that relates to a future period being included within </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gscb\">deferred rental income in the consolidated statement of financial position.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gscc\">Surrender premiums received in the period are included in rental income.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gscd\">Leases classified under IFRS 9 as financial assets recognise income received from the tenant between finance income and a reduction </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsce\">of the asset value, based on the interest rate implicit in the lease.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gscf\">2.3. Service charge income<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsd0\">Service charge income represents amounts billed to tenants for services provided in conjunction with leased properties based on </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsd1\">budgeted service charge expenditure for a given property over a given service charge year. The Company recognises service charge </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsd2\">income on a straight-line basis over the service charge term.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gsd3\">2.4. Service charge expense<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsd4\">Service charge expense represents a wide range of costs related to the operation and upkeep of the leased properties. These costs </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsd5\">are allocated and charged to tenants based on agreed terms and calculations as outlined in the lease agreements with a portion being </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsd6\">borne by the landlord where agreed.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gsd7\">2.5. Finance income<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsd8\">Finance income consists principally of interest receivable from interest rate derivatives and income from financial assets held at </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsd9\">amortised cost. An adjustment is applied to reclassify amounts received upon periodic settlement of interest rate derivatives assets </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsda\">from change in fair value to interest income. </div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gsdb\">2.6. Finance expense </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsdc\">Finance expenses consist principally of interest payable and the amortisation of loan arrangement fees.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsdd\">Loan arrangement fees are expensed using the effective interest method over the term of the relevant loan. Interest payable and </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsde\">other finance costs, including commitment fees, which the Group incurs in connection with bank borrowings, are expensed in the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsdf\">period to which they relate. </div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gse0\">2.7. Administrative and other expenses </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gse1\">Administrative and other expenses, including the investment advisory fees payable to the Investment Adviser, are recognised as </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gse2\">a profit or loss on an accruals basis. </div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gse3\">2.8. Share based payments </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gse4\">Where equity settled share options are awarded to employees, the fair value of the options at the date of grant is charged to the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gse5\">statement of comprehensive income over the vesting period. Non-market vesting conditions are taken into account by adjusting </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gse6\">the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognised </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gse7\">over the vesting period is based on the number of options that eventually vest. Non-market vesting conditions and market vesting </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gse8\">conditions are factored into the fair value of the options granted. As long as all other vesting conditions are satisfied, a charge is made </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gse9\">irrespective of whether the market vesting conditions are satisfied. The cumulative expense is not adjusted for failure to achieve </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsea\">a market vesting condition or where a non-vesting condition is not satisfied.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gseb\">Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsec\">immediately before and after the modification, is also charged to the statement of comprehensive income over the remaining vesting </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsed\">period. Where equity instruments are granted to persons other than employees, the statement of comprehensive income is charged </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsee\">with the fair value of services received. </div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gsef\">2.9. Dividends payable to Shareholders </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsf0\">Dividends to the Company\u2019s Shareholders are recognised when they become legally payable, as a reduction in equity in the financial </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsf1\">statements. Interim equity dividends are recognised when paid. Final equity dividends will be recognised when approved by </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsf2\">Shareholders at an AGM.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gsf4\">2.10. Taxation<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gsf5\">Non-REIT taxable income<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsf6\">Taxation on the Group\u2019s profit or loss for the year that is not exempt from tax under the UK-REIT regulations comprises current </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsf7\">and deferred tax, as applicable. Tax is recognised in profit or loss except to the extent that it relates to items recognised as direct </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsf8\">movements in equity, in which case it is similarly recognised as a direct movement in equity.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsf9\">Deferred tax is provided in full using the Balance Sheet liability method on temporary differences between the carrying amounts of </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsfa\">assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is determined using </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsfb\">tax rates that have been enacted or substantively enacted by the reporting date and are expected to apply when the asset is realised or </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsfc\">the liability is settled.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsfd\">Deferred tax assets are recognised to the extent that it is probable that suitable taxable profits will be available against which </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsfe\">deductible temporary differences can be utilised.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsff\">Current tax is tax payable on any non-REIT taxable income for the year, using tax rates enacted or substantively enacted at the end of </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs100\">the relevant period.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gs101\">Entry to the UK-REIT regime<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs102\">The Group obtained its UK-REIT status effective from 21 December 2017. Entry to the regime results in, subject to continuing relevant </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs103\">UK-REIT criteria being met, the profits of the Group\u2019s property rental business, comprising both income and capital gains, being </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs104\">exempt from UK taxation.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs105\">The Group intends to ensure that it complies with the UK-REIT regulations on an on-going basis and regularly monitors the conditions </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs106\">required to maintain REIT status.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gs107\">2.11. Investment properties </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs108\">Investment properties consist of land and buildings which are held to earn income together with the potential for capital growth.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs109\">Investment properties are recognised when the risks and rewards of ownership have been transferred and are measured initially at </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs10a\">cost, being the fair value of the consideration given, including transaction costs. Where the purchase price (or proportion thereof) </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs10b\">of an investment property is settled through the issue of new ordinary shares in the Company, the number of shares issued is such </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs10c\">that the fair value of the share consideration is equal to the fair value of the asset being acquired. Transaction costs include transfer </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs10d\">taxes and professional fees for legal services. Any subsequent capital expenditure incurred in improving investment properties is </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs10e\">capitalised in the period incurred and included within the book cost of the property. All other property expenditure is written off in </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs10f\">profit or loss as incurred.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs110\">After initial recognition, investment properties are measured at fair value, with gains and losses recognised in profit or loss in the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs111\">period in which they arise. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs112\">Gains and losses on disposals of investment properties will be determined as the difference between the net disposal proceeds and </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs113\">the carrying value of the relevant asset. These will be recognised in profit or loss in the period in which they arise. </div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gs114\">2.12. Foreign currency transactions </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs115\">Foreign currency transactions are translated to the respective functional currency of Group entities at the foreign exchange rate ruling </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs116\">on the transaction date. Foreign exchange gains and losses resulting from settling these, or from retranslating monetary assets and </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs117\">liabilities held in foreign currencies, are booked in the Income Statement. The exception is for foreign currency loans and derivatives </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs118\">that hedge investments in foreign subsidiaries, where exchange differences are booked in other reserves until the investment </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs119\">is realised.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs11a\">Assets and liabilities of foreign entities are translated into sterling at exchange rates ruling at the Balance Sheet date. Their income, </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs11b\">expenses and cash flows are translated at the average rate for the period or at spot rate for significant items. Resultant exchange </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs11c\">differences are booked in Other Comprehensive Income and recognised in the Group Income Statement when the operation is sold.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs11d\">Exchange difference on non-monetary items measured at fair value through profit or loss, being the value movement of the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs11e\">investment properties, are recognised as part of the total fair value movement for the portfolio. </div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gs11f\">2.13. Financial assets and liabilities </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs120\">Financial assets and liabilities are recognised when the relevant Group entity becomes a party to the unconditional contractual terms </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs121\">of an instrument. Unless otherwise indicated, the carrying amounts of financial assets and liabilities are considered by the Directors to </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs122\">be reasonable estimates of their fair values.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs124\">Financial assets<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs125\">Financial assets are recognised initially at their fair value. All of the Group\u2019s financial assets, except interest rate derivatives, are held </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs126\">at amortised cost using the effective interest method, less any impairment.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs127\">For assets where changes in cash flows are linked to changes in an inflation index, the Group updates the effective interest rate <span class=\"ls1\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs128\">at the end of each reporting period and this is reflected in the carrying amount of the asset in each reporting period until the asset <span class=\"ls1\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs129\">is derecognised. </div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs12a\">Cash and cash equivalents<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs12b\">Cash and cash equivalents consist of cash in hand and short-term deposits in banks with an original maturity of three months or less.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs12c\">Trade and other receivables<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs12d\">Trade and other receivables, including rents receivable, are recognised and carried at the lower of their original invoiced value and </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs12e\">recoverable amount. Provisions for impairment are calculated using an expected credit loss model. Balances will be written-off in </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs12f\">profit or loss in circumstances where the probability of recovery is assessed as being remote.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs130\">Trade and other payables<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs131\">Trade and other payables are recognised initially at their fair value and subsequently at amortised cost.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs132\">Bank borrowings<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs133\">Bank borrowings are initially recognised at fair value net of attributable transaction costs. After initial recognition, bank borrowings </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs134\">are subsequently measured at amortised cost, using the effective interest method. The effective interest rate is calculated to include </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs135\">all associated transaction costs.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs136\">In the event of a modification to the terms of a loan agreement, the Group considers both the quantitative and qualitative impact of the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs137\">changes. Where a modification is considered substantial, the existing facility is treated as settled and the new facility is recognised. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs138\">Where the modification is not considered substantial, the carrying value of the liability is restated to the present value of the cash </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs139\">flows of the modified arrangement, discounted using the effective interest rate of the original arrangement. The difference is </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs13a\">recognised as a gain or loss on refinancing through the statement of comprehensive income. </div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs13b\">Derivative financial instruments and hedge accounting<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs13c\">The Group\u2019s derivative financial instruments currently comprise of interest rate swaps/caps. Derivatives designated as hedging </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs13d\">instruments utilise hedge accounting under IAS 39. Derivatives not designated under hedge accounting are accounted for </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs13e\">under IFRS 9.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs13f\">These instruments are used to manage the Group\u2019s cash flow interest rate risk. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs140\">The instruments are initially recognised at fair value on the date that the derivative contract is entered into, being the cost of any </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs141\">premium paid at inception, and are subsequently re-measured at their fair value at each reporting date.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs142\">Derivatives are classified as current or non-current based on their settlement timing, with portions due within 12 months of the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs143\">balance sheet date classified as current and those settling later as non-current.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs144\">Fair value measurement of derivative financial instruments<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs145\">The fair value of derivative financial instruments is the estimated amount that the Group would receive or pay to terminate the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs146\">agreement at the period end date, taking into account current interest rate expectations and the current credit rating of the relevant </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs147\">group entity and its counterparties.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs148\">The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data is available to measure </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs149\">fair value, maximising the use of relevant observable inputs and minimising the use of unobservable inputs significant to the fair value </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs14a\">measurement as a whole.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs14b\">A number of assumptions are used in determining the fair values including estimations over future interest rates and therefore future </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs14c\">cash flows. The fair value represents the net present value of the difference between the cash flows produced by the contract rate and </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs14d\">the valuation rate.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs14e\">Hedge accounting<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs14f\">At the inception of a hedging transaction, the Group documents the relationship between hedging instruments and hedged items, as </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs150\">well as its risk management objectives and strategy for undertaking the hedging transaction.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs151\">The Group also documents its assessment, both at hedge inception and on an ongoing basis, of whether the derivatives that are used </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs152\">in hedging transactions are highly effective in offsetting changes in fair values or cash flows of hedged items.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs154\">Assuming the criteria for applying hedge accounting continue to be met the effective portion of gains and losses on the revaluation of </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs155\">such instruments are recognised in other comprehensive income and accumulated in the cash flow hedging reserve. Any ineffective </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs156\">portion of such gains and losses will be recognised in profit or loss within finance income or expense as appropriate. The cumulative </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs157\">gain or loss recognised in other comprehensive income is reclassified from the cash flow hedge reserve to profit or loss (finance </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs158\">expense) at the same time as the related hedged interest expense is recognised.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs159\">Interest rate derivatives that do not qualify under hedge accounting are carried in the Group Statement of Financial Position at fair </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs15a\">value, with changes in fair value recognised in the Group Statement of Comprehensive Income, net of interest receivable/payable </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs15b\">from the derivatives shown in the finance income or expense line. </div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gs15c\">2.14. Equity instruments </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs15d\">Equity instruments issued by the Company are recorded at the amount of the proceeds received, net of directly attributable issue </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs15e\">costs. Costs not directly attributable to the issue are immediately expensed in profit or loss. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs15f\">No shares were issued in the period.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gs160\">2.15. Fair value measurements and hierarchy<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs161\">Fair value is the price that would be received on the sale of an asset, or paid to transfer a liability, in an orderly transaction between </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs162\">market participants at the measurement date. The fair value measurement is based on the presumption that the transaction takes </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs163\">place either in the principal market for the asset or liability, or in the absence of a principal market, in the most advantageous </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs164\">market. It is based on the assumptions that market participants would use when pricing the asset or liability, assuming they act in </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs165\">their economic best interest. A fair value measurement of a non-financial asset takes into account the best and highest value use </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs166\">for that asset.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs167\">The fair value hierarchy to be applied under IFRS 13 is as follows:<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs168\">Level 1:<span class=\"ff51\"> Quoted (unadjusted) market prices in active markets for identical assets or liabilities.<span class=\"_ _2aa\"> </span></span></div><div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs169\">Level 2:<span class=\"ff51\"> Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs16a\">indirectly observable.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs16b\">Level 3:<span class=\"ff51\"> Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable. </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs16c\">For assets and liabilities that are carried at fair value and which will be recorded in the financial statements on a recurring basis, the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs16d\">Group will determine whether transfers have occurred between levels in the hierarchy by reassessing categorisation at the end of </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs16e\">each reporting period.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-313": {
   "value": "2.1. Basis of consolidation<span class=\"_ _2aa\"> </span>The consolidated financial statements comprise the financial statements of the Company and all of its subsidiaries drawn up to 30 June 2025. Subsidiaries are those entities including special purpose entities, directly or indirectly controlled by the Company. Control exists when the Company is exposed or has rights to variable returns from its investment with the investee and has the ability to affect those returns through its power over the investee. In assessing control, potential voting rights that presently are exercisable are taken into account.<span class=\"_ _2aa\"> </span>The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases.<span class=\"_ _2aa\"> </span>In preparing the consolidated financial statements, intra group balances, transactions and unrealised gains or losses are eliminated in full. Uniform accounting policies are adopted for all entities within the Group.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-355": {
   "value": "The consolidated financial statements comprise the financial statements of the Company and all of its subsidiaries drawn up to 30 June 2025. Subsidiaries are those entities including special purpose entities, directly or indirectly controlled by the Company. Control exists when the Company is exposed or has rights to variable returns from its investment with the investee and has the ability to affect those returns through its power over the investee. In assessing control, potential voting rights that presently are exercisable are taken into account.<span class=\"_ _2aa\"> </span>The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-314": {
   "value": "2.2. Rental income Rental income arising on investment properties is accounted for in profit or loss on a straight-line basis over the lease term, as adjusted for the following: \u2022 <span class=\"_ _8\"> </span>Any rental income from fixed and minimum guaranteed rent review uplifts is recognised on a straight-line basis over the lease term, variable lease uplift calculations are not rebased when a rent review occurs and the variable payment becomes fixed; and<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Lease incentives and initial costs to arrange leases are spread evenly over the lease term, even if payments are not made on such a basis. The lease term is the non-cancellable period of the lease together with any further term for which the tenant has the option to continue the lease, where, at the inception of the lease, the Directors are reasonably certain that the tenant will exercise that option. Contingent rents, such as those arising from indexed-linked rent uplifts or market based rent reviews, are recognised in the period in which they are earned.<span class=\"_ _2aa\"> </span>Where income is recognised in advance of the related cash flows due to fixed and minimum guaranteed rent review uplifts or lease incentives, an adjustment is made to ensure that the carrying value of the relevant property, including the accrued rent relating to such uplifts or lease incentives, does not exceed the external valuation. Rental income is invoiced in advance with that element of invoiced rental income that relates to a future period being included within deferred rental income in the consolidated statement of financial position.<span class=\"_ _2aa\"> </span>Surrender premiums received in the period are included in rental income.<span class=\"_ _2aa\"> </span>Leases classified under IFRS 9 as financial assets recognise income received from the tenant between finance income and a reduction of the asset value, based on the interest rate implicit in the lease.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-315": {
   "value": "2.3. Service charge income<span class=\"_ _2aa\"> </span>Service charge income represents amounts billed to tenants for services provided in conjunction with leased properties based on budgeted service charge expenditure for a given property over a given service charge year. The Company recognises service charge income on a straight-line basis over the service charge term.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "supermarketincomereitplc:DescriptionOfAccountingPolicyForServiceChargeIncome",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-316": {
   "value": "2.4. Service charge expense<span class=\"_ _2aa\"> </span>Service charge expense represents a wide range of costs related to the operation and upkeep of the leased properties. These costs are allocated and charged to tenants based on agreed terms and calculations as outlined in the lease agreements with a portion being borne by the landlord where agreed.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "supermarketincomereitplc:DescriptionOfAccountingPolicyForServiceChargeExpense",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-385": {
   "value": "2.5. Finance income<span class=\"_ _2aa\"> </span>Finance income consists principally of interest receivable from interest rate derivatives and income from financial assets held at amortised cost. An adjustment is applied to reclassify amounts received upon periodic settlement of interest rate derivatives assets from change in fair value to interest income. 2.6. Finance expense Finance expenses consist principally of interest payable and the amortisation of loan arrangement fees.<span class=\"_ _2aa\"> </span>Loan arrangement fees are expensed using the effective interest method over the term of the relevant loan. Interest payable and other finance costs, including commitment fees, which the Group incurs in connection with bank borrowings, are expensed in the period to which they relate. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-317": {
   "value": "2.5. Finance income<span class=\"_ _2aa\"> </span>Finance income consists principally of interest receivable from interest rate derivatives and income from financial assets held at amortised cost. An adjustment is applied to reclassify amounts received upon periodic settlement of interest rate derivatives assets from change in fair value to interest income. 2.6. Finance expense Finance expenses consist principally of interest payable and the amortisation of loan arrangement fees.<span class=\"_ _2aa\"> </span>Loan arrangement fees are expensed using the effective interest method over the term of the relevant loan. Interest payable and other finance costs, including commitment fees, which the Group incurs in connection with bank borrowings, are expensed in the period to which they relate.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-356": {
   "value": "2.6. Finance expense Finance expenses consist principally of interest payable and the amortisation of loan arrangement fees.<span class=\"_ _2aa\"> </span>Loan arrangement fees are expensed using the effective interest method over the term of the relevant loan. Interest payable and other finance costs, including commitment fees, which the Group incurs in connection with bank borrowings, are expensed in the period to which they relate.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-318": {
   "value": "2.7. Administrative and other expenses Administrative and other expenses, including the investment advisory fees payable to the Investment Adviser, are recognised as a profit or loss on an accruals basis. ",
   "dimensions": {
    "concept": "supermarketincomereitplc:DescriptionOfAccountingPolicyForAdministrativeAndOtherExpenses",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-319": {
   "value": "2.8. Share based payments Where equity settled share options are awarded to employees, the fair value of the options at the date of grant is charged to the statement of comprehensive income over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Non-market vesting conditions and market vesting conditions are factored into the fair value of the options granted. As long as all other vesting conditions are satisfied, a charge is made irrespective of whether the market vesting conditions are satisfied. The cumulative expense is not adjusted for failure to achieve a market vesting condition or where a non-vesting condition is not satisfied.<span class=\"_ _2aa\"> </span>Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to the statement of comprehensive income over the remaining vesting period. Where equity instruments are granted to persons other than employees, the statement of comprehensive income is charged with the fair value of services received. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-320": {
   "value": "2.9. Dividends payable to Shareholders Dividends to the Company\u2019s Shareholders are recognised when they become legally payable, as a reduction in equity in the financial statements. Interim equity dividends are recognised when paid. Final equity dividends will be recognised when approved by Shareholders at an AGM.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-358": {
   "value": "2.10. Taxation<span class=\"_ _2aa\"> </span>Non-REIT taxable income<span class=\"_ _2aa\"> </span>Taxation on the Group\u2019s profit or loss for the year that is not exempt from tax under the UK-REIT regulations comprises current and deferred tax, as applicable. Tax is recognised in profit or loss except to the extent that it relates to items recognised as direct movements in equity, in which case it is similarly recognised as a direct movement in equity.<span class=\"_ _2aa\"> </span>Deferred tax is provided in full using the Balance Sheet liability method on temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is determined using tax rates that have been enacted or substantively enacted by the reporting date and are expected to apply when the asset is realised or the liability is settled.<span class=\"_ _2aa\"> </span>Deferred tax assets are recognised to the extent that it is probable that suitable taxable profits will be available against which deductible temporary differences can be utilised.<span class=\"_ _2aa\"> </span>Current tax is tax payable on any non-REIT taxable income for the year, using tax rates enacted or substantively enacted at the end of the relevant period.<span class=\"_ _2aa\"> </span>Entry to the UK-REIT regime<span class=\"_ _2aa\"> </span>The Group obtained its UK-REIT status effective from 21 December 2017. Entry to the regime results in, subject to continuing relevant UK-REIT criteria being met, the profits of the Group\u2019s property rental business, comprising both income and capital gains, being exempt from UK taxation.<span class=\"_ _2aa\"> </span>The Group intends to ensure that it complies with the UK-REIT regulations on an on-going basis and regularly monitors the conditions required to maintain REIT status.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-321": {
   "value": "2.10. Taxation<span class=\"_ _2aa\"> </span>Non-REIT taxable income<span class=\"_ _2aa\"> </span>Taxation on the Group\u2019s profit or loss for the year that is not exempt from tax under the UK-REIT regulations comprises current and deferred tax, as applicable. Tax is recognised in profit or loss except to the extent that it relates to items recognised as direct movements in equity, in which case it is similarly recognised as a direct movement in equity.<span class=\"_ _2aa\"> </span>Deferred tax is provided in full using the Balance Sheet liability method on temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is determined using tax rates that have been enacted or substantively enacted by the reporting date and are expected to apply when the asset is realised or the liability is settled.<span class=\"_ _2aa\"> </span>Deferred tax assets are recognised to the extent that it is probable that suitable taxable profits will be available against which deductible temporary differences can be utilised.<span class=\"_ _2aa\"> </span>Current tax is tax payable on any non-REIT taxable income for the year, using tax rates enacted or substantively enacted at the end of the relevant period.<span class=\"_ _2aa\"> </span>Entry to the UK-REIT regime<span class=\"_ _2aa\"> </span>The Group obtained its UK-REIT status effective from 21 December 2017. Entry to the regime results in, subject to continuing relevant UK-REIT criteria being met, the profits of the Group\u2019s property rental business, comprising both income and capital gains, being exempt from UK taxation.<span class=\"_ _2aa\"> </span>The Group intends to ensure that it complies with the UK-REIT regulations on an on-going basis and regularly monitors the conditions required to maintain REIT status.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-322": {
   "value": "2.11. Investment properties Investment properties consist of land and buildings which are held to earn income together with the potential for capital growth.<span class=\"_ _2aa\"> </span>Investment properties are recognised when the risks and rewards of ownership have been transferred and are measured initially at cost, being the fair value of the consideration given, including transaction costs. Where the purchase price (or proportion thereof) of an investment property is settled through the issue of new ordinary shares in the Company, the number of shares issued is such that the fair value of the share consideration is equal to the fair value of the asset being acquired. Transaction costs include transfer taxes and professional fees for legal services. Any subsequent capital expenditure incurred in improving investment properties is capitalised in the period incurred and included within the book cost of the property. All other property expenditure is written off in profit or loss as incurred.<span class=\"_ _2aa\"> </span>After initial recognition, investment properties are measured at fair value, with gains and losses recognised in profit or loss in the period in which they arise. Gains and losses on disposals of investment properties will be determined as the difference between the net disposal proceeds and the carrying value of the relevant asset. These will be recognised in profit or loss in the period in which they arise. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-323": {
   "value": "2.12. Foreign currency transactions Foreign currency transactions are translated to the respective functional currency of Group entities at the foreign exchange rate ruling on the transaction date. Foreign exchange gains and losses resulting from settling these, or from retranslating monetary assets and liabilities held in foreign currencies, are booked in the Income Statement. The exception is for foreign currency loans and derivatives that hedge investments in foreign subsidiaries, where exchange differences are booked in other reserves until the investment is realised.<span class=\"_ _2aa\"> </span>Assets and liabilities of foreign entities are translated into sterling at exchange rates ruling at the Balance Sheet date. Their income, expenses and cash flows are translated at the average rate for the period or at spot rate for significant items. Resultant exchange differences are booked in Other Comprehensive Income and recognised in the Group Income Statement when the operation is sold.<span class=\"_ _2aa\"> </span>Exchange difference on non-monetary items measured at fair value through profit or loss, being the value movement of the investment properties, are recognised as part of the total fair value movement for the portfolio. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-386": {
   "value": "2.13. Financial assets and liabilities Financial assets and liabilities are recognised when the relevant Group entity becomes a party to the unconditional contractual terms of an instrument. Unless otherwise indicated, the carrying amounts of financial assets and liabilities are considered by the Directors to be reasonable estimates of their fair values.<span class=\"_ _2aa\"> </span>Financial assets<span class=\"_ _2aa\"> </span>Financial assets are recognised initially at their fair value. All of the Group\u2019s financial assets, except interest rate derivatives, are held at amortised cost using the effective interest method, less any impairment.<span class=\"_ _2aa\"> </span>For assets where changes in cash flows are linked to changes in an inflation index, the Group updates the effective interest rate <span class=\"ls1\"> </span>at the end of each reporting period and this is reflected in the carrying amount of the asset in each reporting period until the asset <span class=\"ls1\"> </span>is derecognised. Cash and cash equivalents<span class=\"_ _2aa\"> </span>Cash and cash equivalents consist of cash in hand and short-term deposits in banks with an original maturity of three months or less.<span class=\"_ _2aa\"> </span>Trade and other receivables<span class=\"_ _2aa\"> </span>Trade and other receivables, including rents receivable, are recognised and carried at the lower of their original invoiced value and recoverable amount. Provisions for impairment are calculated using an expected credit loss model. Balances will be written-off in profit or loss in circumstances where the probability of recovery is assessed as being remote.<span class=\"_ _2aa\"> </span>Trade and other payables<span class=\"_ _2aa\"> </span>Trade and other payables are recognised initially at their fair value and subsequently at amortised cost.<span class=\"_ _2aa\"> </span>Bank borrowings<span class=\"_ _2aa\"> </span>Bank borrowings are initially recognised at fair value net of attributable transaction costs. After initial recognition, bank borrowings are subsequently measured at amortised cost, using the effective interest method. The effective interest rate is calculated to include all associated transaction costs.<span class=\"_ _2aa\"> </span>In the event of a modification to the terms of a loan agreement, the Group considers both the quantitative and qualitative impact of the changes. Where a modification is considered substantial, the existing facility is treated as settled and the new facility is recognised. Where the modification is not considered substantial, the carrying value of the liability is restated to the present value of the cash flows of the modified arrangement, discounted using the effective interest rate of the original arrangement. The difference is recognised as a gain or loss on refinancing through the statement of comprehensive income. Derivative financial instruments and hedge accounting<span class=\"_ _2aa\"> </span>The Group\u2019s derivative financial instruments currently comprise of interest rate swaps/caps. Derivatives designated as hedging instruments utilise hedge accounting under IAS 39. Derivatives not designated under hedge accounting are accounted for under IFRS 9.<span class=\"_ _2aa\"> </span>These instruments are used to manage the Group\u2019s cash flow interest rate risk. The instruments are initially recognised at fair value on the date that the derivative contract is entered into, being the cost of any premium paid at inception, and are subsequently re-measured at their fair value at each reporting date.<span class=\"_ _2aa\"> </span>Derivatives are classified as current or non-current based on their settlement timing, with portions due within 12 months of the balance sheet date classified as current and those settling later as non-current.<span class=\"_ _2aa\"> </span>Fair value measurement of derivative financial instruments<span class=\"_ _2aa\"> </span>The fair value of derivative financial instruments is the estimated amount that the Group would receive or pay to terminate the agreement at the period end date, taking into account current interest rate expectations and the current credit rating of the relevant group entity and its counterparties.<span class=\"_ _2aa\"> </span>The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data is available to measure fair value, maximising the use of relevant observable inputs and minimising the use of unobservable inputs significant to the fair value measurement as a whole.<span class=\"_ _2aa\"> </span>A number of assumptions are used in determining the fair values including estimations over future interest rates and therefore future cash flows. The fair value represents the net present value of the difference between the cash flows produced by the contract rate and the valuation rate.<span class=\"_ _2aa\"> </span>Hedge accounting<span class=\"_ _2aa\"> </span>At the inception of a hedging transaction, the Group documents the relationship between hedging instruments and hedged items, as well as its risk management objectives and strategy for undertaking the hedging transaction.<span class=\"_ _2aa\"> </span>The Group also documents its assessment, both at hedge inception and on an ongoing basis, of whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in fair values or cash flows of hedged items.<span class=\"_ _2aa\"> </span>Assuming the criteria for applying hedge accounting continue to be met the effective portion of gains and losses on the revaluation of such instruments are recognised in other comprehensive income and accumulated in the cash flow hedging reserve. Any ineffective portion of such gains and losses will be recognised in profit or loss within finance income or expense as appropriate. The cumulative gain or loss recognised in other comprehensive income is reclassified from the cash flow hedge reserve to profit or loss (finance expense) at the same time as the related hedged interest expense is recognised.<span class=\"_ _2aa\"> </span>Interest rate derivatives that do not qualify under hedge accounting are carried in the Group Statement of Financial Position at fair value, with changes in fair value recognised in the Group Statement of Comprehensive Income, net of interest receivable/payable from the derivatives shown in the finance income or expense line.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-357": {
   "value": "2.13. Financial assets and liabilities Financial assets and liabilities are recognised when the relevant Group entity becomes a party to the unconditional contractual terms of an instrument. Unless otherwise indicated, the carrying amounts of financial assets and liabilities are considered by the Directors to be reasonable estimates of their fair values.<span class=\"_ _2aa\"> </span>Financial assets<span class=\"_ _2aa\"> </span>Financial assets are recognised initially at their fair value. All of the Group\u2019s financial assets, except interest rate derivatives, are held at amortised cost using the effective interest method, less any impairment.<span class=\"_ _2aa\"> </span>For assets where changes in cash flows are linked to changes in an inflation index, the Group updates the effective interest rate <span class=\"ls1\"> </span>at the end of each reporting period and this is reflected in the carrying amount of the asset in each reporting period until the asset <span class=\"ls1\"> </span>is derecognised. Cash and cash equivalents<span class=\"_ _2aa\"> </span>Cash and cash equivalents consist of cash in hand and short-term deposits in banks with an original maturity of three months or less.<span class=\"_ _2aa\"> </span>Trade and other receivables<span class=\"_ _2aa\"> </span>Trade and other receivables, including rents receivable, are recognised and carried at the lower of their original invoiced value and recoverable amount. Provisions for impairment are calculated using an expected credit loss model. Balances will be written-off in profit or loss in circumstances where the probability of recovery is assessed as being remote.<span class=\"_ _2aa\"> </span>Trade and other payables<span class=\"_ _2aa\"> </span>Trade and other payables are recognised initially at their fair value and subsequently at amortised cost.<span class=\"_ _2aa\"> </span>Bank borrowings<span class=\"_ _2aa\"> </span>Bank borrowings are initially recognised at fair value net of attributable transaction costs. After initial recognition, bank borrowings are subsequently measured at amortised cost, using the effective interest method. The effective interest rate is calculated to include all associated transaction costs.<span class=\"_ _2aa\"> </span>In the event of a modification to the terms of a loan agreement, the Group considers both the quantitative and qualitative impact of the changes. Where a modification is considered substantial, the existing facility is treated as settled and the new facility is recognised. Where the modification is not considered substantial, the carrying value of the liability is restated to the present value of the cash flows of the modified arrangement, discounted using the effective interest rate of the original arrangement. The difference is recognised as a gain or loss on refinancing through the statement of comprehensive income. Derivative financial instruments and hedge accounting<span class=\"_ _2aa\"> </span>The Group\u2019s derivative financial instruments currently comprise of interest rate swaps/caps. Derivatives designated as hedging instruments utilise hedge accounting under IAS 39. Derivatives not designated under hedge accounting are accounted for under IFRS 9.<span class=\"_ _2aa\"> </span>These instruments are used to manage the Group\u2019s cash flow interest rate risk. The instruments are initially recognised at fair value on the date that the derivative contract is entered into, being the cost of any premium paid at inception, and are subsequently re-measured at their fair value at each reporting date.<span class=\"_ _2aa\"> </span>Derivatives are classified as current or non-current based on their settlement timing, with portions due within 12 months of the balance sheet date classified as current and those settling later as non-current.<span class=\"_ _2aa\"> </span>Fair value measurement of derivative financial instruments<span class=\"_ _2aa\"> </span>The fair value of derivative financial instruments is the estimated amount that the Group would receive or pay to terminate the agreement at the period end date, taking into account current interest rate expectations and the current credit rating of the relevant group entity and its counterparties.<span class=\"_ _2aa\"> </span>The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data is available to measure fair value, maximising the use of relevant observable inputs and minimising the use of unobservable inputs significant to the fair value measurement as a whole.<span class=\"_ _2aa\"> </span>A number of assumptions are used in determining the fair values including estimations over future interest rates and therefore future cash flows. The fair value represents the net present value of the difference between the cash flows produced by the contract rate and the valuation rate.<span class=\"_ _2aa\"> </span>Hedge accounting<span class=\"_ _2aa\"> </span>At the inception of a hedging transaction, the Group documents the relationship between hedging instruments and hedged items, as well as its risk management objectives and strategy for undertaking the hedging transaction.<span class=\"_ _2aa\"> </span>The Group also documents its assessment, both at hedge inception and on an ongoing basis, of whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in fair values or cash flows of hedged items.<span class=\"_ _2aa\"> </span>Assuming the criteria for applying hedge accounting continue to be met the effective portion of gains and losses on the revaluation of such instruments are recognised in other comprehensive income and accumulated in the cash flow hedging reserve. Any ineffective portion of such gains and losses will be recognised in profit or loss within finance income or expense as appropriate. The cumulative gain or loss recognised in other comprehensive income is reclassified from the cash flow hedge reserve to profit or loss (finance expense) at the same time as the related hedged interest expense is recognised.<span class=\"_ _2aa\"> </span>Interest rate derivatives that do not qualify under hedge accounting are carried in the Group Statement of Financial Position at fair value, with changes in fair value recognised in the Group Statement of Comprehensive Income, net of interest receivable/payable from the derivatives shown in the finance income or expense line. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-324": {
   "value": "2.13. Financial assets and liabilities Financial assets and liabilities are recognised when the relevant Group entity becomes a party to the unconditional contractual terms of an instrument. Unless otherwise indicated, the carrying amounts of financial assets and liabilities are considered by the Directors to be reasonable estimates of their fair values.<span class=\"_ _2aa\"> </span>Financial assets<span class=\"_ _2aa\"> </span>Financial assets are recognised initially at their fair value. All of the Group\u2019s financial assets, except interest rate derivatives, are held at amortised cost using the effective interest method, less any impairment.<span class=\"_ _2aa\"> </span>For assets where changes in cash flows are linked to changes in an inflation index, the Group updates the effective interest rate <span class=\"ls1\"> </span>at the end of each reporting period and this is reflected in the carrying amount of the asset in each reporting period until the asset <span class=\"ls1\"> </span>is derecognised. Cash and cash equivalents<span class=\"_ _2aa\"> </span>Cash and cash equivalents consist of cash in hand and short-term deposits in banks with an original maturity of three months or less.<span class=\"_ _2aa\"> </span>Trade and other receivables<span class=\"_ _2aa\"> </span>Trade and other receivables, including rents receivable, are recognised and carried at the lower of their original invoiced value and recoverable amount. Provisions for impairment are calculated using an expected credit loss model. Balances will be written-off in profit or loss in circumstances where the probability of recovery is assessed as being remote.<span class=\"_ _2aa\"> </span>Trade and other payables<span class=\"_ _2aa\"> </span>Trade and other payables are recognised initially at their fair value and subsequently at amortised cost.<span class=\"_ _2aa\"> </span>Bank borrowings<span class=\"_ _2aa\"> </span>Bank borrowings are initially recognised at fair value net of attributable transaction costs. After initial recognition, bank borrowings are subsequently measured at amortised cost, using the effective interest method. The effective interest rate is calculated to include all associated transaction costs.<span class=\"_ _2aa\"> </span>In the event of a modification to the terms of a loan agreement, the Group considers both the quantitative and qualitative impact of the changes. Where a modification is considered substantial, the existing facility is treated as settled and the new facility is recognised. Where the modification is not considered substantial, the carrying value of the liability is restated to the present value of the cash flows of the modified arrangement, discounted using the effective interest rate of the original arrangement. The difference is recognised as a gain or loss on refinancing through the statement of comprehensive income. Derivative financial instruments and hedge accounting<span class=\"_ _2aa\"> </span>The Group\u2019s derivative financial instruments currently comprise of interest rate swaps/caps. Derivatives designated as hedging instruments utilise hedge accounting under IAS 39. Derivatives not designated under hedge accounting are accounted for under IFRS 9.<span class=\"_ _2aa\"> </span>These instruments are used to manage the Group\u2019s cash flow interest rate risk. The instruments are initially recognised at fair value on the date that the derivative contract is entered into, being the cost of any premium paid at inception, and are subsequently re-measured at their fair value at each reporting date.<span class=\"_ _2aa\"> </span>Derivatives are classified as current or non-current based on their settlement timing, with portions due within 12 months of the balance sheet date classified as current and those settling later as non-current.<span class=\"_ _2aa\"> </span>Fair value measurement of derivative financial instruments<span class=\"_ _2aa\"> </span>The fair value of derivative financial instruments is the estimated amount that the Group would receive or pay to terminate the agreement at the period end date, taking into account current interest rate expectations and the current credit rating of the relevant group entity and its counterparties.<span class=\"_ _2aa\"> </span>The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data is available to measure fair value, maximising the use of relevant observable inputs and minimising the use of unobservable inputs significant to the fair value measurement as a whole.<span class=\"_ _2aa\"> </span>A number of assumptions are used in determining the fair values including estimations over future interest rates and therefore future cash flows. The fair value represents the net present value of the difference between the cash flows produced by the contract rate and the valuation rate.<span class=\"_ _2aa\"> </span>Hedge accounting<span class=\"_ _2aa\"> </span>At the inception of a hedging transaction, the Group documents the relationship between hedging instruments and hedged items, as well as its risk management objectives and strategy for undertaking the hedging transaction.<span class=\"_ _2aa\"> </span>The Group also documents its assessment, both at hedge inception and on an ongoing basis, of whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in fair values or cash flows of hedged items.<span class=\"_ _2aa\"> </span>Assuming the criteria for applying hedge accounting continue to be met the effective portion of gains and losses on the revaluation of such instruments are recognised in other comprehensive income and accumulated in the cash flow hedging reserve. Any ineffective portion of such gains and losses will be recognised in profit or loss within finance income or expense as appropriate. The cumulative gain or loss recognised in other comprehensive income is reclassified from the cash flow hedge reserve to profit or loss (finance expense) at the same time as the related hedged interest expense is recognised.<span class=\"_ _2aa\"> </span>Interest rate derivatives that do not qualify under hedge accounting are carried in the Group Statement of Financial Position at fair value, with changes in fair value recognised in the Group Statement of Comprehensive Income, net of interest receivable/payable from the derivatives shown in the finance income or expense line. 2.15. Fair value measurements and hierarchy<span class=\"_ _2aa\"> </span>Fair value is the price that would be received on the sale of an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction takes place either in the principal market for the asset or liability, or in the absence of a principal market, in the most advantageous market. It is based on the assumptions that market participants would use when pricing the asset or liability, assuming they act in their economic best interest. A fair value measurement of a non-financial asset takes into account the best and highest value use for that asset.<span class=\"_ _2aa\"> </span>The fair value hierarchy to be applied under IFRS 13 is as follows:<span class=\"_ _2aa\"> </span>Level 1:<span class=\"ff51\"> Quoted (unadjusted) market prices in active markets for identical assets or liabilities.<span class=\"_ _2aa\"> </span></span>Level 2:<span class=\"ff51\"> Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or </span>indirectly observable.<span class=\"_ _2aa\"> </span>Level 3:<span class=\"ff51\"> Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable. </span>For assets and liabilities that are carried at fair value and which will be recorded in the financial statements on a recurring basis, the Group will determine whether transfers have occurred between levels in the hierarchy by reassessing categorisation at the end of each reporting period.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-398": {
   "value": "Cash and cash equivalents<span class=\"_ _2aa\"> </span>Cash and cash equivalents consist of cash in hand and short-term deposits in banks with an original maturity of three months or less.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-399": {
   "value": "Trade and other receivables<span class=\"_ _2aa\"> </span>Trade and other receivables, including rents receivable, are recognised and carried at the lower of their original invoiced value and recoverable amount. Provisions for impairment are calculated using an expected credit loss model. Balances will be written-off in profit or loss in circumstances where the probability of recovery is assessed as being remote.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-400": {
   "value": "Trade and other payables<span class=\"_ _2aa\"> </span>Trade and other payables are recognised initially at their fair value and subsequently at amortised cost.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-401": {
   "value": "Bank borrowings<span class=\"_ _2aa\"> </span>Bank borrowings are initially recognised at fair value net of attributable transaction costs. After initial recognition, bank borrowings are subsequently measured at amortised cost, using the effective interest method. The effective interest rate is calculated to include all associated transaction costs.<span class=\"_ _2aa\"> </span>In the event of a modification to the terms of a loan agreement, the Group considers both the quantitative and qualitative impact of the changes. Where a modification is considered substantial, the existing facility is treated as settled and the new facility is recognised. Where the modification is not considered substantial, the carrying value of the liability is restated to the present value of the cash flows of the modified arrangement, discounted using the effective interest rate of the original arrangement. The difference is recognised as a gain or loss on refinancing through the statement of comprehensive income. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-406": {
   "value": "Derivative financial instruments and hedge accounting<span class=\"_ _2aa\"> </span>The Group\u2019s derivative financial instruments currently comprise of interest rate swaps/caps. Derivatives designated as hedging instruments utilise hedge accounting under IAS 39. Derivatives not designated under hedge accounting are accounted for under IFRS 9.<span class=\"_ _2aa\"> </span>These instruments are used to manage the Group\u2019s cash flow interest rate risk. The instruments are initially recognised at fair value on the date that the derivative contract is entered into, being the cost of any premium paid at inception, and are subsequently re-measured at their fair value at each reporting date.<span class=\"_ _2aa\"> </span>Derivatives are classified as current or non-current based on their settlement timing, with portions due within 12 months of the balance sheet date classified as current and those settling later as non-current.<span class=\"_ _2aa\"> </span>Fair value measurement of derivative financial instruments<span class=\"_ _2aa\"> </span>The fair value of derivative financial instruments is the estimated amount that the Group would receive or pay to terminate the agreement at the period end date, taking into account current interest rate expectations and the current credit rating of the relevant group entity and its counterparties.<span class=\"_ _2aa\"> </span>The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data is available to measure fair value, maximising the use of relevant observable inputs and minimising the use of unobservable inputs significant to the fair value measurement as a whole.<span class=\"_ _2aa\"> </span>A number of assumptions are used in determining the fair values including estimations over future interest rates and therefore future cash flows. The fair value represents the net present value of the difference between the cash flows produced by the contract rate and the valuation rate.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-402": {
   "value": "Derivative financial instruments and hedge accounting<span class=\"_ _2aa\"> </span>The Group\u2019s derivative financial instruments currently comprise of interest rate swaps/caps. Derivatives designated as hedging instruments utilise hedge accounting under IAS 39. Derivatives not designated under hedge accounting are accounted for under IFRS 9.<span class=\"_ _2aa\"> </span>These instruments are used to manage the Group\u2019s cash flow interest rate risk. The instruments are initially recognised at fair value on the date that the derivative contract is entered into, being the cost of any premium paid at inception, and are subsequently re-measured at their fair value at each reporting date.<span class=\"_ _2aa\"> </span>Derivatives are classified as current or non-current based on their settlement timing, with portions due within 12 months of the balance sheet date classified as current and those settling later as non-current.<span class=\"_ _2aa\"> </span>Fair value measurement of derivative financial instruments<span class=\"_ _2aa\"> </span>The fair value of derivative financial instruments is the estimated amount that the Group would receive or pay to terminate the agreement at the period end date, taking into account current interest rate expectations and the current credit rating of the relevant group entity and its counterparties.<span class=\"_ _2aa\"> </span>The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data is available to measure fair value, maximising the use of relevant observable inputs and minimising the use of unobservable inputs significant to the fair value measurement as a whole.<span class=\"_ _2aa\"> </span>A number of assumptions are used in determining the fair values including estimations over future interest rates and therefore future cash flows. The fair value represents the net present value of the difference between the cash flows produced by the contract rate and the valuation rate.<span class=\"_ _2aa\"> </span>Hedge accounting<span class=\"_ _2aa\"> </span>At the inception of a hedging transaction, the Group documents the relationship between hedging instruments and hedged items, as well as its risk management objectives and strategy for undertaking the hedging transaction.<span class=\"_ _2aa\"> </span>The Group also documents its assessment, both at hedge inception and on an ongoing basis, of whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in fair values or cash flows of hedged items.<span class=\"_ _2aa\"> </span>Assuming the criteria for applying hedge accounting continue to be met the effective portion of gains and losses on the revaluation of such instruments are recognised in other comprehensive income and accumulated in the cash flow hedging reserve. Any ineffective portion of such gains and losses will be recognised in profit or loss within finance income or expense as appropriate. The cumulative gain or loss recognised in other comprehensive income is reclassified from the cash flow hedge reserve to profit or loss (finance expense) at the same time as the related hedged interest expense is recognised.<span class=\"_ _2aa\"> </span>Interest rate derivatives that do not qualify under hedge accounting are carried in the Group Statement of Financial Position at fair value, with changes in fair value recognised in the Group Statement of Comprehensive Income, net of interest receivable/payable from the derivatives shown in the finance income or expense line. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-407": {
   "value": "Hedge accounting<span class=\"_ _2aa\"> </span>At the inception of a hedging transaction, the Group documents the relationship between hedging instruments and hedged items, as well as its risk management objectives and strategy for undertaking the hedging transaction.<span class=\"_ _2aa\"> </span>The Group also documents its assessment, both at hedge inception and on an ongoing basis, of whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in fair values or cash flows of hedged items.<span class=\"_ _2aa\"> </span>Assuming the criteria for applying hedge accounting continue to be met the effective portion of gains and losses on the revaluation of such instruments are recognised in other comprehensive income and accumulated in the cash flow hedging reserve. Any ineffective portion of such gains and losses will be recognised in profit or loss within finance income or expense as appropriate. The cumulative gain or loss recognised in other comprehensive income is reclassified from the cash flow hedge reserve to profit or loss (finance expense) at the same time as the related hedged interest expense is recognised.<span class=\"_ _2aa\"> </span>Interest rate derivatives that do not qualify under hedge accounting are carried in the Group Statement of Financial Position at fair value, with changes in fair value recognised in the Group Statement of Comprehensive Income, net of interest receivable/payable from the derivatives shown in the finance income or expense line. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-325": {
   "value": "2.14. Equity instruments Equity instruments issued by the Company are recorded at the amount of the proceeds received, net of directly attributable issue costs. Costs not directly attributable to the issue are immediately expensed in profit or loss. No shares were issued in the period.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-359": {
   "value": "2.15. Fair value measurements and hierarchy<span class=\"_ _2aa\"> </span>Fair value is the price that would be received on the sale of an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction takes place either in the principal market for the asset or liability, or in the absence of a principal market, in the most advantageous market. It is based on the assumptions that market participants would use when pricing the asset or liability, assuming they act in their economic best interest. A fair value measurement of a non-financial asset takes into account the best and highest value use for that asset.<span class=\"_ _2aa\"> </span>The fair value hierarchy to be applied under IFRS 13 is as follows:<span class=\"_ _2aa\"> </span>Level 1:<span class=\"ff51\"> Quoted (unadjusted) market prices in active markets for identical assets or liabilities.<span class=\"_ _2aa\"> </span></span>Level 2:<span class=\"ff51\"> Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or </span>indirectly observable.<span class=\"_ _2aa\"> </span>Level 3:<span class=\"ff51\"> Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable. </span>For assets and liabilities that are carried at fair value and which will be recorded in the financial statements on a recurring basis, the Group will determine whether transfers have occurred between levels in the hierarchy by reassessing categorisation at the end of each reporting period.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-326": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 wsa5 gs170\">3. Operating Segments<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs171\">Operating segments are identified on the basis of internal financial reports about components of the Group that are regularly </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs172\">reviewed by the chief operating decision maker (which in the Group\u2019s case is the Board) in order to allocate resources to the <span class=\"ls1\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs173\">segments and to assess their performance.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs174\">The internal financial reports contain financial information at a Group level as a whole and there are no reconciling items between the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs175\">results contained in these reports and the amounts reported in the consolidated financial statements. These internal financial reports </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs176\">include the IFRS figures but also report the non-IFRS figures for the EPRA and alternative performance measures as disclosed in </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs177\">Notes 12, 30 and the Additional Information. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs178\">The Group\u2019s property portfolio comprises investment property. The Board considers that all the properties have similar economic </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs179\">characteristics. Therefore, in the view of the Board, there is one reportable segment.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs17a\">The geographical split of revenue and material applicable non-current assets was:<span class=\"_ _2aa\"> </span></div><div class=\"gs17b\"><table class=\"s wbe hf4\" id=\"_59c306d9-9ef1-4d5f-a6cc-031ef2b9b35e\"><tr><td></td><td class=\"t m0 x1a2 h1f y2714 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y2715 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2716 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2717 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td class=\"t m0 x1cf h2e y2718 ff52 fs14 fc1 sc0 ls23 ws1b\">Revenue<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y2719 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y271a ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y271b wbf heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">UK<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b3 y271b w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">108,593<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b4 y271b w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">107,063<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 wc0 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">France<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y2690 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">5,416<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dd y2690 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">788<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td class=\"c n x2de y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">114,009<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2df y2665 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">107,851<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"gs17c\"><table class=\"s wbe hf5\" id=\"_87774b95-d7a9-49da-899b-0118b951380b\"><tr><td></td><td class=\"t m0 x1a2 h1f y271c ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y271d ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y271e ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y271f ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td class=\"t m0 x1cf h2e y2720 ff52 fs14 fc1 sc0 ls23 ws0\">Investment Properties<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y2721 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y2722 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2723 wbf heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">UK<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1fd y2723 w54 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,320,430<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1fe y2723 w55 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,704,280<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 wc0 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">France<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2690 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">95,389<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2690 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">63,936<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td class=\"c n x2e0 y2665 w54 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,415,819<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2e1 y2665 w55 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,768,216<span class=\"_ _2aa\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-360": {
   "value": "3. Operating Segments<span class=\"_ _2aa\"> </span>Operating segments are identified on the basis of internal financial reports about components of the Group that are regularly reviewed by the chief operating decision maker (which in the Group\u2019s case is the Board) in order to allocate resources to the <span class=\"ls1\"> </span>segments and to assess their performance.<span class=\"_ _2aa\"> </span>The internal financial reports contain financial information at a Group level as a whole and there are no reconciling items between the results contained in these reports and the amounts reported in the consolidated financial statements. These internal financial reports include the IFRS figures but also report the non-IFRS figures for the EPRA and alternative performance measures as disclosed in Notes 12, 30 and the Additional Information. The Group\u2019s property portfolio comprises investment property. The Board considers that all the properties have similar economic characteristics. Therefore, in the view of the Board, there is one reportable segment.<span class=\"_ _2aa\"> </span>The geographical split of revenue and material applicable non-current assets was:<span class=\"_ _2aa\"> </span><table class=\"s wbe hf4\" id=\"_59c306d9-9ef1-4d5f-a6cc-031ef2b9b35e\"><tr><td></td><td class=\"t m0 x1a2 h1f y2714 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y2715 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2716 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2717 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td class=\"t m0 x1cf h2e y2718 ff52 fs14 fc1 sc0 ls23 ws1b\">Revenue<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y2719 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y271a ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y271b wbf heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">UK<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b3 y271b w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">108,593<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b4 y271b w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">107,063<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 wc0 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">France<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y2690 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">5,416<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dd y2690 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">788<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td class=\"c n x2de y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">114,009<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2df y2665 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">107,851<span class=\"_ _2aa\"> </span></div></td></tr></table><table class=\"s wbe hf5\" id=\"_87774b95-d7a9-49da-899b-0118b951380b\"><tr><td></td><td class=\"t m0 x1a2 h1f y271c ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y271d ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y271e ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y271f ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td class=\"t m0 x1cf h2e y2720 ff52 fs14 fc1 sc0 ls23 ws0\">Investment Properties<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y2721 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y2722 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2723 wbf heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">UK<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1fd y2723 w54 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,320,430<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1fe y2723 w55 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,704,280<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 wc0 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">France<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2690 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">95,389<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2690 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">63,936<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td class=\"c n x2e0 y2665 w54 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,415,819<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2e1 y2665 w55 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,768,216<span class=\"_ _2aa\"> </span></div></td></tr></table><div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs17e\">4. Gross rental income<span class=\"_ _2aa\"> </span></div><div class=\"gs17f\"><table class=\"s wc1 hf6\" id=\"_2763e4e9-1459-4661-8758-69c50a7ae3d5\"><tr><td></td><td class=\"t m0 x2a3 h1f y2724 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x2a4 he y2725 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y2726 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y2727 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td></td><td class=\"t m0 x1df h1f y2728 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1e0 he y2729 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y272a wc2 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Rental income \u2013 freehold property<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2e2 y272a w32 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">64,172<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2e3 y272a w33 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">58,345<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b wc3 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Rental income \u2013 long leasehold property<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y271b w32 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">49,837<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y271b w42 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">49,063<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 wc4 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Lease surrender income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c2 y2690 w3d he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2e4 y2690 w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">443<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 wc5 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Gross rental income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f0 y2665 w24 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">114,009<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2e5 y2665 w25 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">107,851<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"gs180\"><table class=\"s wc1 hf7\" id=\"_70c2cf47-f8c4-4375-9358-5a21c20173d3\"><tr><td></td><td class=\"t m0 x2a3 h1f y272b ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x2a4 he y272c ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y272d ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y272e ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td></td><td class=\"t m0 x1df h1f y272f ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1e0 he y2730 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2704 wc6 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Service charge recoverable<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y2704 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">7,387<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d2 y2704 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">6,201<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2705 wc7 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Property insurance recoverable<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2e6 y2705 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">980<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2e7 y2705 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">621<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y268f wc8 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Property tax recoverable<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2e8 y268f w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">677<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2e9 y268f w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 wc9 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total property insurance and service charge income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ea y2690 w3f heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">9,044<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2eb y2690 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">6,822<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 wca heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total property income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f0 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">123,053<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2e5 y2665 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">114,673<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs181\">Included within rental income is a \u00a31,909,000 (2024: \u00a32,197,000) rent smoothing adjustment that arises as a result of IFRS 16 \u2018Leases\u2019 </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs182\">requiring that rental income in respect of leases with rents increasing by a fixed percentage be accounted for on straight-line basis </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs183\">over the lease term. During the year this resulted in an increase in rental income and an offsetting entry being recognised in profit or </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs184\">loss as an adjustment to the investment property revaluation.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs185\">Also included in rental income is a \u00a3406,000 (2024: \u00a3237,000) adjustment for lease incentives. Tenant lease incentives are recognised </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs186\">on a straight-line basis over the lease term as an adjustment to rental income. During the year this resulted in an increase in rental </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs187\">income and an offsetting entry being recognised in profit or loss as an adjustment to the investment property revaluation.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs188\">On an annualised basis, rental income comprises \u00a341,887,000 (2024: \u00a354,258,000) relating to the Group\u2019s largest tenant and </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs189\">\u00a331,032,000 (2024: \u00a330,790,000) relating to the Group\u2019s second largest tenant. There were no further tenants representing more <span class=\"ls1\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs18a\">than 10% of annualised gross rental income during either year.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-387": {
   "value": "The geographical split of revenue and material applicable non-current assets was:<span class=\"_ _2aa\"> </span><table class=\"s wbe hf4\" id=\"_59c306d9-9ef1-4d5f-a6cc-031ef2b9b35e\"><tr><td></td><td class=\"t m0 x1a2 h1f y2714 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y2715 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2716 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2717 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td class=\"t m0 x1cf h2e y2718 ff52 fs14 fc1 sc0 ls23 ws1b\">Revenue<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y2719 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y271a ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y271b wbf heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">UK<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b3 y271b w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">108,593<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b4 y271b w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">107,063<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 wc0 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">France<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y2690 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">5,416<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dd y2690 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">788<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td class=\"c n x2de y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">114,009<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2df y2665 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">107,851<span class=\"_ _2aa\"> </span></div></td></tr></table><table class=\"s wbe hf5\" id=\"_87774b95-d7a9-49da-899b-0118b951380b\"><tr><td></td><td class=\"t m0 x1a2 h1f y271c ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y271d ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y271e ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y271f ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td class=\"t m0 x1cf h2e y2720 ff52 fs14 fc1 sc0 ls23 ws0\">Investment Properties<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y2721 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y2722 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2723 wbf heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">UK<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1fd y2723 w54 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,320,430<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1fe y2723 w55 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,704,280<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 wc0 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">France<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2690 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">95,389<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2690 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">63,936<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td class=\"c n x2e0 y2665 w54 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,415,819<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2e1 y2665 w55 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,768,216<span class=\"_ _2aa\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeographicalAreasExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-327": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs18c\">5. Service charge expense<span class=\"_ _2aa\"> </span></div><div class=\"gs18d\"><table class=\"s wc1 hf8\" id=\"_910f5a36-58e1-4597-a4a7-41e85f02f6c1\"><tr><td></td><td class=\"t m0 x2a3 h1f y2731 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x2a4 he y2732 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y2733 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y2734 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td></td><td class=\"t m0 x1df h1f y2735 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1e0 he y2736 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2737 wcb heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Service charge expenses<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ec y2737 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">8,000<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ed y2737 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">6,727<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b wcc heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Property insurance expenses<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ee y271b w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,139<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ef y271b w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">714<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 wcd heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Property tax expenses<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f0 y2690 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">680<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f1 y2690 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 wce heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total property insurance and service charge expense<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y2665 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">9,819<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d2 y2665 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">7,441</div></td></tr></table></div>",
   "dimensions": {
    "concept": "supermarketincomereitplc:DisclosureOfServiceChargeExpense",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-328": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs18f\">6. Administrative and other expenses<span class=\"_ _2aa\"> </span></div><div class=\"gs18d\"><table class=\"s wc1 hf9\" id=\"_a992d509-f070-4837-80e8-7e51e458f8e9\"><tr><td></td><td class=\"t m0 x2a3 h1f y2738 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x2a4 he y2739 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y273a ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y273b ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td></td><td class=\"t m0 x1df h1f y273c ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1e0 he y273d ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y273e wcf heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Investment Adviser fees (Note 31)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y273e w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">6,793<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d2 y273e w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">9,472<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y273f wd0 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Directors\u2019 Fees (Note 8)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y273f w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">499<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dd y273f w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">410<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2740 wd1 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Staff costs (Note 9)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y2740 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">555<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1be y2740 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 wd2 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Corporate administration fees<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y2737 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,212<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d2 y2737 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,049<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2723 wd3 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Legal and professional fees<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y2723 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,880<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d2 y2723 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,475<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 wd4 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Other administrative expenses<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f2 y2690 w3f heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,530<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f3 y2690 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">2,812<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 wd5 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total administrative and other expenses<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1cd y2665 w36 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">14,469<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2b1 y2665 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">15,218<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs190\">During the year, the Company internalised its previously outsourced management function (See note 31) for more information. <span class=\"ls1\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs191\">The expense paid to Atrato Group of \u00a320.8 million is disclosed separately on the statement of comprehensive income as a one-off </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs192\">material restructuring event.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-361": {
   "value": "6. Administrative and other expenses<span class=\"_ _2aa\"> </span><table class=\"s wc1 hf9\" id=\"_a992d509-f070-4837-80e8-7e51e458f8e9\"><tr><td></td><td class=\"t m0 x2a3 h1f y2738 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x2a4 he y2739 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y273a ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y273b ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td></td><td class=\"t m0 x1df h1f y273c ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1e0 he y273d ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y273e wcf heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Investment Adviser fees (Note 31)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y273e w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">6,793<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d2 y273e w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">9,472<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y273f wd0 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Directors\u2019 Fees (Note 8)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y273f w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">499<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dd y273f w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">410<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2740 wd1 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Staff costs (Note 9)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y2740 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">555<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1be y2740 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 wd2 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Corporate administration fees<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y2737 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,212<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d2 y2737 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,049<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2723 wd3 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Legal and professional fees<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y2723 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,880<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d2 y2723 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,475<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 wd4 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Other administrative expenses<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f2 y2690 w3f heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,530<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f3 y2690 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">2,812<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 wd5 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total administrative and other expenses<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1cd y2665 w36 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">14,469<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2b1 y2665 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">15,218<span class=\"_ _2aa\"> </span></div></td></tr></table>During the year, the Company internalised its previously outsourced management function (See note 31) for more information. <span class=\"ls1\"> </span>The expense paid to Atrato Group of \u00a320.8 million is disclosed separately on the statement of comprehensive income as a one-off material restructuring event.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-329": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 wsa5 gs194\">7. Operating profit<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs195\">Operating profit is stated after charging fees for:<span class=\"_ _2aa\"> </span></div><div class=\"gs196\"><table class=\"s wbe hfa\" id=\"_246f85bc-805b-407b-842b-afd7b0271445\"><tr><td></td><td class=\"t m0 x1a2 h1f y2741 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y2742 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2743 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2744 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y2745 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y2746 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"t m0 x1cf h20 y2747 ff51 fs14 fc1 sc0 ls23 ws0\">Audit of the Company\u2019s consolidated and individual </td><td></td><td></td></tr><tr><td class=\"c n x1aa y2748 wd6 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">financial statements<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y2748 w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">410<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dd y2748 w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">292<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2749 wd7 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Audit of subsidiaries, pursuant to legislation<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y2749 w35 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">93<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ac y2749 w70 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">88<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y268f wd8 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total audit services<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f4 y268f w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">503<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f5 y268f w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">380<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 wd9 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Non audit services: interim review<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y2690 w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">44<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ac y2690 w70 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">42<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 wda heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total audit and non audit services<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y2665 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">547<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dd y2665 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">422<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs197\">The Group\u2019s auditor did not provide any other services in the year (2024: \u00a3nil)</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-362": {
   "value": "Operating profit is stated after charging fees for:<span class=\"_ _2aa\"> </span><table class=\"s wbe hfa\" id=\"_246f85bc-805b-407b-842b-afd7b0271445\"><tr><td></td><td class=\"t m0 x1a2 h1f y2741 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y2742 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2743 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2744 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y2745 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y2746 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"t m0 x1cf h20 y2747 ff51 fs14 fc1 sc0 ls23 ws0\">Audit of the Company\u2019s consolidated and individual </td><td></td><td></td></tr><tr><td class=\"c n x1aa y2748 wd6 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">financial statements<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y2748 w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">410<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dd y2748 w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">292<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2749 wd7 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Audit of subsidiaries, pursuant to legislation<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y2749 w35 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">93<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ac y2749 w70 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">88<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y268f wd8 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total audit services<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f4 y268f w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">503<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f5 y268f w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">380<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 wd9 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Non audit services: interim review<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y2690 w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">44<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ac y2690 w70 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">42<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 wda heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total audit and non audit services<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y2665 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">547<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dd y2665 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">422<span class=\"_ _2aa\"> </span></div></td></tr></table>The Group\u2019s auditor did not provide any other services in the year (2024: \u00a3nil)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-330": {
   "value": "8. Directors\u2019 remuneration<span class=\"_ _2aa\"> </span>The Board of Directors are the key management personnel of the Company. The Non-Executive Directors are appointed under letters of appointment for service while executive Directors are under an employment contract. Directors\u2019 remuneration was as follows:<span class=\"_ _2aa\"> </span><table class=\"s wbe hfb\" id=\"_937d491c-144e-4538-ac43-faf31a0e9bf5\"><tr><td></td><td class=\"t m0 x1a2 h1f y274a ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y274b ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y274c ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y274d ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y274e ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y274f ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2750 wdb heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Non-Executive Directors\u2019 fees<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y2750 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">445<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dd y2750 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">371<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y273f wdc heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">National Insurance<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y273f w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">54<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ac y273f w70 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">39<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h20 y2751 ff51 fs14 fc1 sc0 ls23 ws0\">Executive Director Costs:<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2737 wdd heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Wages and salaries<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f6 y2737 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">168<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f7 y2737 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b wde heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">National insurance<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y271b w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">18<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1be y271b w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 wdf heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Pension costs<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y2690 w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">14<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1be y2690 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 we0 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total Directors\u2019 remuneration<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y2665 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">699<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dd y2665 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">410<span class=\"_ _2aa\"> </span></div></td></tr></table>The highest paid Non-Executive Director received \u00a397,000 (2024: \u00a375,000) for services during the year. The highest paid Executive Director received \u00a3105,000 for services during the period from 25 March 2025 to 30 June 2025.<span class=\"_ _2aa\"> </span>Total remuneration for key management personnel amounts to \u00a3711,000 (2024: \u00a3410,000) which includes equity-settled share-based payments of \u00a312,000.<span class=\"_ _2aa\"> </span>For further information regarding Directors' remuneration, see the Directors' Remuneration Report on pages 94 to 98.<span class=\"_ _2aa\"> </span>9. Staff costs<span class=\"_ _2aa\"> </span><table class=\"s wbe hfc\" id=\"_cd48d749-d274-4709-9d9f-812bd29a6ebb\"><tr><td></td><td class=\"t m0 x1a2 h1f y2752 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y2753 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2754 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2755 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td class=\"t m0 x1cf h2e y2756 ff52 fs14 fc1 sc0 ls23 ws0\">Staff costs<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y2757 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y2758 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2740 wdd heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Wages and salaries<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f6 y2740 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">444<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f7 y2740 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 we1 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Social security costs<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y2737 w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">54<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1be y2737 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b wdf heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Pension costs<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y271b w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">41<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1be y271b w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 we2 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Equity\u2013settled share-based payments<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y2690 w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">16<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1be y2690 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 we3 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total staff costs<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y2665 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">555<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1be y2665 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr></table>All of the staff costs above are shown within administrative and other expenses, this also includes Executive Directors.<span class=\"_ _2aa\"> </span>The staff costs were incurred in the year as part of the Internalisation of the management function from 25 March 2025. The average number of employees including Executive Directors since 25 March 2025 was <span>15</span>.<span class=\"_ _2aa\"> </span><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gs1a2\">Equity-settled share option plan<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1a3\">The Group established a long-term incentive plan following consultation with a number of its largest shareholders and as outlined </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1a4\">in the Directors\u2019 Remuneration Policy in the circular published on 4 March 2025 in relation to the Internalisation of the Company\u2019s </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1a5\">management function. Employees were granted their awards on 17 June 2025 and the vesting period is to the announcement of the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1a6\">2028 results expected to be mid September 2028.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1a7\">Each employee share option converts into one ordinary share of the parent company on exercise. No amounts are paid or payable by </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1a8\">the recipient on receipt of the option. The options carry neither rights to dividends nor voting rights. Options may be exercised at any </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1a9\">time from the date of vesting to the date of their expiry. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1aa\">The number of options granted is calculated in accordance with the performance-based formula approved by shareholders at the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1ab\">previous annual general meeting and is subject to approval by the Remuneration Committee. The formula rewards employees </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1ac\">to the extent of the Group\u2019s and the individual\u2019s achievement judged against both qualitative and quantitative criteria from the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1ad\">following conditions:<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1ae\">\u2022 <span class=\"_ _8\"> </span>Relative total shareholder return;<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1af\">\u2022 <span class=\"_ _8\"> </span>Improvement in earnings per share;<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1b0\">\u2022 <span class=\"_ _8\"> </span>Improvement in total accounting return;<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1b1\">\u2022 <span class=\"_ _8\"> </span>Personal performance<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1b2\">Details of the share options outstanding during the year are as follows:<span class=\"_ _2aa\"> </span></div><div class=\"gs1b3\"><table class=\"s we4 hfd\" id=\"_daeddafd-4e98-4e1c-bc87-c9bcf0fae3bc\"><tr><td></td><td></td><td class=\"c n x2f8 y275a we5 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025<span class=\"_ _2aa\"> </span></div></td><td></td><td class=\"c n x2f9 y275a we6 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m0 x2fa h1f y275b ff52 fs8 fc1 sc0 ls22 ws1a\">Weighted </td><td></td><td class=\"t m0 x2fb he y275c ff51 fs8 fc1 sc0 ls22 ws1a\">Weighted </td></tr><tr><td></td><td class=\"t m0 x2fc h1f y275d ff52 fs8 fc1 sc0 ls22 ws1a\">Number <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x2fd h1f y275e ff52 fs8 fc1 sc0 ls22 ws1a\">average <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x2fe he y275f ff51 fs8 fc1 sc0 ls22 ws1a\">Number <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x2ff he y2760 ff51 fs8 fc1 sc0 ls22 ws1a\">average <span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m0 x2fc h1f y2761 ff52 fs8 fc1 sc0 ls22 ws0\">of share <span class=\"ls1\"> </span></td><td class=\"t m0 x2fd h1f y2762 ff52 fs8 fc1 sc0 ls22 ws1a\">exercise <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x2fe he y2763 ff51 fs8 fc1 sc0 ls22 ws0\">of share <span class=\"ls1\"> </span></td><td class=\"t m0 x300 he y2764 ff51 fs8 fc1 sc0 ls22 ws1a\">exercise <span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m0 x301 h1f y2765 ff52 fs8 fc1 sc0 ls22 ws1a\">options<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x302 h1f y2766 ff52 fs8 fc1 sc0 ls22 ws1a\">price<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x303 he y2767 ff51 fs8 fc1 sc0 ls22 ws1a\">options<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1db he y2768 ff51 fs8 fc1 sc0 ls22 ws1a\">price<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2704 we7 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Outstanding at the beginning of the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x304 y2704 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x305 y2704 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x306 y2704 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f7 y2704 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2705 we8 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Granted during the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x307 y2705 w54 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,331,582<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x308 y2705 we9 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a30.01<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x309 y2705 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x30a y2705 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2706 wea heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Exercised during the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x30b y2706 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x30c y2706 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x30d y2706 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x30e y2706 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 web heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Outstanding at the year end<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x30f y2690 w54 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,331,582<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x310 y2690 wec heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a30.01<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x311 y2690 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x312 y2690 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 wed heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Exercisable at the year end<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x313 y2665 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x314 y2665 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x315 y2665 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x316 y2665 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1b4\">An independent valuation of the fair value of these shares was carried out at the grant date. The valuation was prepared in accordance </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1b5\">with International Financial Reporting Standard 2 (\u201cIFRS 2\u201d): Share-based payments.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1b6\">For the market condition of total shareholder return a Stochastic model was used and the Black-Scholes model used for the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1b7\">non-market conditions. The assumptions used are as follows:<span class=\"_ _2aa\"> </span></div><div class=\"gs1b8\"><table class=\"s wee hff\" id=\"_19b86fb5-07d8-4cd4-b340-1d3a7ce6ffec\"><tr><td class=\"c n x1aa y2769 wef heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Date of grant<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x317 y276b we5 hfe\"><div class=\"t m0 x1a9 h2e y276a ff52 fs8 fc1 sc0 ls22 ws0\">17 June 2025<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276c wf0 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Share price at grant<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x318 y276c wf1 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.83<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276d wf2 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Exercise price<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x318 y276d wf1 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.01<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276e wf3 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Expected volatility<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x319 y276e wf4 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">25.66%<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276f wf5 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Expected term<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31a y276f wf6 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">3.26 years<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2770 wf7 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Risk free rate<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31b y2770 wf8 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">3.94%<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2771 w29 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Expected dividend yield<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31c y2771 wf9 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">0%<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2772 wfa heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Fair value (market conditions)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31d y2772 wfb heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.4543<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 wfc heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Fair value (non-market conditions)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31d y2665 wfb heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.8299<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1b9\">Awards to Executive Directors have a holding period of two years from vesting and a Chaffe model was used to estimate a discount for </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1ba\">the lack of marketability (\u201cDLOM\u201d). The assumptions used are as follows:<span class=\"_ _2aa\"> </span></div><div class=\"gs1bb\"><table class=\"s wee h100\" id=\"_6cf47529-645a-487c-b757-71e12cbdfdef\"><tr><td class=\"c n x1aa y2773 wef heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Date of grant<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x317 y2774 we5 hfe\"><div class=\"t m0 x1a9 h2e y276a ff52 fs8 fc1 sc0 ls22 ws0\">17 June 2025<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2775 wf0 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Share price at grant<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x318 y2775 wf1 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.83<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276c wf2 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Exercise price<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x318 y276c wf1 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.83<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276d wf3 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Expected volatility<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x319 y276d wf4 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">23.63%<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276e wf5 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Expected term<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31e y276e wfd heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">2.0 years<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276f wf7 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Risk free rate<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31b y276f wf8 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">4.07%<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2770 w29 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Expected dividend yield<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31c y2770 wf9 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">0%<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2771 wfa heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Fair value (market conditions)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31d y2771 wfb heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.4322<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2772 wfc heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Fair value (non-market conditions)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31d y2772 wfb heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.7894<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 wfe heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">DLOM<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31b y2665 wf8 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">9.21%<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1bc\">The Board have made an assessment of the non-market performance conditions as at 30 June 2025, with any adjustment to expected </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1bd\">value being recognised in the share-based payment expense in the statement of comprehensive income.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-363": {
   "value": "<div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs199\">The Board of Directors are the key management personnel of the Company. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs19a\">The Non-Executive Directors are appointed under letters of appointment for service while executive Directors are under an </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs19b\">employment contract. Directors\u2019 remuneration was as follows:<span class=\"_ _2aa\"> </span></div><div class=\"gs19c\"><table class=\"s wbe hfb\" id=\"_937d491c-144e-4538-ac43-faf31a0e9bf5\"><tr><td></td><td class=\"t m0 x1a2 h1f y274a ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y274b ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y274c ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y274d ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y274e ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y274f ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2750 wdb heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Non-Executive Directors\u2019 fees<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y2750 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">445<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dd y2750 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">371<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y273f wdc heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">National Insurance<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y273f w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">54<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ac y273f w70 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">39<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h20 y2751 ff51 fs14 fc1 sc0 ls23 ws0\">Executive Director Costs:<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2737 wdd heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Wages and salaries<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f6 y2737 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">168<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f7 y2737 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b wde heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">National insurance<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y271b w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">18<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1be y271b w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 wdf heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Pension costs<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y2690 w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">14<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1be y2690 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 we0 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total Directors\u2019 remuneration<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y2665 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">699<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dd y2665 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">410<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs19d\">The highest paid Non-Executive Director received \u00a397,000 (2024: \u00a375,000) for services during the year. The highest paid Executive </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs19e\">Director received \u00a3105,000 for services during the period from 25 March 2025 to 30 June 2025.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs19f\">Total remuneration for key management personnel amounts to \u00a3711,000 (2024: \u00a3410,000) which includes equity-settled </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1a0\">share-based payments of \u00a312,000.<span class=\"_ _2aa\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-364": {
   "value": "Equity-settled share option plan<span class=\"_ _2aa\"> </span>The Group established a long-term incentive plan following consultation with a number of its largest shareholders and as outlined in the Directors\u2019 Remuneration Policy in the circular published on 4 March 2025 in relation to the Internalisation of the Company\u2019s management function. Employees were granted their awards on 17 June 2025 and the vesting period is to the announcement of the 2028 results expected to be mid September 2028.<span class=\"_ _2aa\"> </span>Each employee share option converts into one ordinary share of the parent company on exercise. No amounts are paid or payable by the recipient on receipt of the option. The options carry neither rights to dividends nor voting rights. Options may be exercised at any time from the date of vesting to the date of their expiry. The number of options granted is calculated in accordance with the performance-based formula approved by shareholders at the previous annual general meeting and is subject to approval by the Remuneration Committee. The formula rewards employees to the extent of the Group\u2019s and the individual\u2019s achievement judged against both qualitative and quantitative criteria from the following conditions:<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Relative total shareholder return;<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Improvement in earnings per share;<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Improvement in total accounting return;<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Personal performance<span class=\"_ _2aa\"> </span>Details of the share options outstanding during the year are as follows:<span class=\"_ _2aa\"> </span><table class=\"s we4 hfd\" id=\"_daeddafd-4e98-4e1c-bc87-c9bcf0fae3bc\"><tr><td></td><td></td><td class=\"c n x2f8 y275a we5 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025<span class=\"_ _2aa\"> </span></div></td><td></td><td class=\"c n x2f9 y275a we6 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m0 x2fa h1f y275b ff52 fs8 fc1 sc0 ls22 ws1a\">Weighted </td><td></td><td class=\"t m0 x2fb he y275c ff51 fs8 fc1 sc0 ls22 ws1a\">Weighted </td></tr><tr><td></td><td class=\"t m0 x2fc h1f y275d ff52 fs8 fc1 sc0 ls22 ws1a\">Number <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x2fd h1f y275e ff52 fs8 fc1 sc0 ls22 ws1a\">average <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x2fe he y275f ff51 fs8 fc1 sc0 ls22 ws1a\">Number <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x2ff he y2760 ff51 fs8 fc1 sc0 ls22 ws1a\">average <span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m0 x2fc h1f y2761 ff52 fs8 fc1 sc0 ls22 ws0\">of share <span class=\"ls1\"> </span></td><td class=\"t m0 x2fd h1f y2762 ff52 fs8 fc1 sc0 ls22 ws1a\">exercise <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x2fe he y2763 ff51 fs8 fc1 sc0 ls22 ws0\">of share <span class=\"ls1\"> </span></td><td class=\"t m0 x300 he y2764 ff51 fs8 fc1 sc0 ls22 ws1a\">exercise <span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m0 x301 h1f y2765 ff52 fs8 fc1 sc0 ls22 ws1a\">options<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x302 h1f y2766 ff52 fs8 fc1 sc0 ls22 ws1a\">price<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x303 he y2767 ff51 fs8 fc1 sc0 ls22 ws1a\">options<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1db he y2768 ff51 fs8 fc1 sc0 ls22 ws1a\">price<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2704 we7 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Outstanding at the beginning of the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x304 y2704 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x305 y2704 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x306 y2704 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f7 y2704 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2705 we8 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Granted during the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x307 y2705 w54 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,331,582<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x308 y2705 we9 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a30.01<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x309 y2705 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x30a y2705 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2706 wea heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Exercised during the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x30b y2706 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x30c y2706 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x30d y2706 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x30e y2706 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 web heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Outstanding at the year end<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x30f y2690 w54 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,331,582<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x310 y2690 wec heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a30.01<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x311 y2690 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x312 y2690 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 wed heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Exercisable at the year end<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x313 y2665 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x314 y2665 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x315 y2665 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x316 y2665 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr></table>An independent valuation of the fair value of these shares was carried out at the grant date. The valuation was prepared in accordance with International Financial Reporting Standard 2 (\u201cIFRS 2\u201d): Share-based payments.<span class=\"_ _2aa\"> </span>For the market condition of total shareholder return a Stochastic model was used and the Black-Scholes model used for the non-market conditions. The assumptions used are as follows:<span class=\"_ _2aa\"> </span><table class=\"s wee hff\" id=\"_19b86fb5-07d8-4cd4-b340-1d3a7ce6ffec\"><tr><td class=\"c n x1aa y2769 wef heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Date of grant<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x317 y276b we5 hfe\"><div class=\"t m0 x1a9 h2e y276a ff52 fs8 fc1 sc0 ls22 ws0\">17 June 2025<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276c wf0 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Share price at grant<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x318 y276c wf1 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.83<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276d wf2 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Exercise price<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x318 y276d wf1 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.01<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276e wf3 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Expected volatility<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x319 y276e wf4 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">25.66%<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276f wf5 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Expected term<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31a y276f wf6 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">3.26 years<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2770 wf7 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Risk free rate<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31b y2770 wf8 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">3.94%<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2771 w29 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Expected dividend yield<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31c y2771 wf9 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">0%<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2772 wfa heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Fair value (market conditions)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31d y2772 wfb heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.4543<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 wfc heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Fair value (non-market conditions)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31d y2665 wfb heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.8299<span class=\"_ _2aa\"> </span></div></td></tr></table>Awards to Executive Directors have a holding period of two years from vesting and a Chaffe model was used to estimate a discount for the lack of marketability (\u201cDLOM\u201d). The assumptions used are as follows:<span class=\"_ _2aa\"> </span><table class=\"s wee h100\" id=\"_6cf47529-645a-487c-b757-71e12cbdfdef\"><tr><td class=\"c n x1aa y2773 wef heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Date of grant<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x317 y2774 we5 hfe\"><div class=\"t m0 x1a9 h2e y276a ff52 fs8 fc1 sc0 ls22 ws0\">17 June 2025<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2775 wf0 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Share price at grant<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x318 y2775 wf1 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.83<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276c wf2 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Exercise price<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x318 y276c wf1 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.83<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276d wf3 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Expected volatility<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x319 y276d wf4 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">23.63%<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276e wf5 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Expected term<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31e y276e wfd heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">2.0 years<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276f wf7 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Risk free rate<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31b y276f wf8 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">4.07%<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2770 w29 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Expected dividend yield<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31c y2770 wf9 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">0%<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2771 wfa heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Fair value (market conditions)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31d y2771 wfb heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.4322<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2772 wfc heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Fair value (non-market conditions)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31d y2772 wfb heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.7894<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 wfe heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">DLOM<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31b y2665 wf8 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">9.21%<span class=\"_ _2aa\"> </span></div></td></tr></table>The Board have made an assessment of the non-market performance conditions as at 30 June 2025, with any adjustment to expected value being recognised in the share-based payment expense in the statement of comprehensive income.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-331": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs1bf\">10. Finance income and expense<span class=\"_ _2aa\"> </span></div><div class=\"gs17f\"><table class=\"s wbe h101\" id=\"_af284928-fc78-4068-8019-2877a1aa0b2f\"><tr><td></td><td class=\"t m0 x1a2 h1f y2776 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y2777 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2778 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2779 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td class=\"t m0 x1cf h2e y277a ff52 fs14 fc1 sc0 ls23 ws0\">Finance income<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y277b ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y277c ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y277d wff he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest received on bank deposits<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y277d w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">113<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dd y277d w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">306<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2740 w100 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Income from financial assets held at amortised cost (note 17)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f4 y2740 w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">502<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f5 y2740 w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">494<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 w101 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest received on loans within Joint Venture<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31f y2737 w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">605<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x320 y2737 w23 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w102 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Finance income on unwinding of discounted receivable<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x321 y271b w23 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x322 y271b w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">203<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w103 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Finance income on settlement of interest rate derivatives (note 21)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2690 w32 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">18,468<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2690 w42 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">22,778<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w104 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total finance income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">19,688<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2665 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">23,781<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"gs1c0\"><table class=\"s wbe hf8\" id=\"_aa9b939a-c176-456b-ba8a-be4bff0580b2\"><tr><td></td><td class=\"t m0 x1a2 h1f y277e ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y277f ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2780 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2781 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td class=\"t m0 x1cf h2e y2782 ff52 fs14 fc1 sc0 ls23 ws0\">Finance expense<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y2783 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y2784 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2737 w105 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest payable on bank borrowings<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2737 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">43,557<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2737 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">36,823<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w106 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Commitment fees payable on bank borrowings<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y271b w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">747<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dd y271b w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">817<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 wa6 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Amortisation of loan arrangement fees*<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x323 y2690 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,369<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x324 y2690 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">2,403<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w107 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total finance expense<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">46,673<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2665 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">40,043<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1c1\">*  <span class=\"_ _e\"></span>This includes a non-recurring exceptional charge of \u00a3236,009 (2024: \u00a370,000), relating to the acceleration of unamortised<span class=\"_ _0\"></span> </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1c2\">arrangement fees in respect of the modification of loan facilities under IFRS 9. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1c3\">The above finance expense includes the following in respect of liabilities not classified as fair value through profit and loss:<span class=\"_ _2aa\"> </span></div><div class=\"gs1c4\"><table class=\"s wbe h102\" id=\"_dec63931-d65a-44c8-bc87-0eeec7407a42\"><tr><td></td><td class=\"t m0 x1a2 h1f y2785 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y2786 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2787 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2788 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y2789 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y278a ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y278b w108 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Total interest expense on financial liabilities held at amortised cost<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y278b w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">45,926<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y278b w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">39,226<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w109 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Fee expense not part of effective interest rate for financial liabilities held at amortised cost<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x325 y2690 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">747<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x326 y2690 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">817<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w107 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total finance expense<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">46,673<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2665 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">40,043</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-388": {
   "value": "10. Finance income and expense<span class=\"_ _2aa\"> </span><table class=\"s wbe h101\" id=\"_af284928-fc78-4068-8019-2877a1aa0b2f\"><tr><td></td><td class=\"t m0 x1a2 h1f y2776 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y2777 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2778 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2779 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td class=\"t m0 x1cf h2e y277a ff52 fs14 fc1 sc0 ls23 ws0\">Finance income<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y277b ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y277c ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y277d wff he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest received on bank deposits<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y277d w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">113<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dd y277d w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">306<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2740 w100 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Income from financial assets held at amortised cost (note 17)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f4 y2740 w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">502<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f5 y2740 w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">494<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 w101 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest received on loans within Joint Venture<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31f y2737 w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">605<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x320 y2737 w23 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w102 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Finance income on unwinding of discounted receivable<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x321 y271b w23 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x322 y271b w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">203<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w103 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Finance income on settlement of interest rate derivatives (note 21)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2690 w32 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">18,468<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2690 w42 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">22,778<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w104 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total finance income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">19,688<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2665 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">23,781<span class=\"_ _2aa\"> </span></div></td></tr></table><table class=\"s wbe hf8\" id=\"_aa9b939a-c176-456b-ba8a-be4bff0580b2\"><tr><td></td><td class=\"t m0 x1a2 h1f y277e ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y277f ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2780 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2781 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td class=\"t m0 x1cf h2e y2782 ff52 fs14 fc1 sc0 ls23 ws0\">Finance expense<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y2783 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y2784 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2737 w105 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest payable on bank borrowings<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2737 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">43,557<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2737 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">36,823<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w106 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Commitment fees payable on bank borrowings<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y271b w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">747<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dd y271b w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">817<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 wa6 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Amortisation of loan arrangement fees*<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x323 y2690 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,369<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x324 y2690 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">2,403<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w107 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total finance expense<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">46,673<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2665 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">40,043<span class=\"_ _2aa\"> </span></div></td></tr></table>*  <span class=\"_ _e\"></span>This includes a non-recurring exceptional charge of \u00a3236,009 (2024: \u00a370,000), relating to the acceleration of unamortised<span class=\"_ _0\"></span> arrangement fees in respect of the modification of loan facilities under IFRS 9. The above finance expense includes the following in respect of liabilities not classified as fair value through profit and loss:<span class=\"_ _2aa\"> </span><table class=\"s wbe h102\" id=\"_dec63931-d65a-44c8-bc87-0eeec7407a42\"><tr><td></td><td class=\"t m0 x1a2 h1f y2785 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y2786 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2787 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2788 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y2789 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y278a ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y278b w108 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Total interest expense on financial liabilities held at amortised cost<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y278b w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">45,926<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y278b w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">39,226<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w109 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Fee expense not part of effective interest rate for financial liabilities held at amortised cost<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x325 y2690 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">747<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x326 y2690 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">817<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w107 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total finance expense<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">46,673<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2665 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">40,043</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-365": {
   "value": "<table class=\"s wbe h101\" id=\"_af284928-fc78-4068-8019-2877a1aa0b2f\"><tr><td></td><td class=\"t m0 x1a2 h1f y2776 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y2777 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2778 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2779 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td class=\"t m0 x1cf h2e y277a ff52 fs14 fc1 sc0 ls23 ws0\">Finance income<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y277b ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y277c ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y277d wff he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest received on bank deposits<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y277d w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">113<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dd y277d w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">306<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2740 w100 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Income from financial assets held at amortised cost (note 17)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f4 y2740 w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">502<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f5 y2740 w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">494<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 w101 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest received on loans within Joint Venture<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31f y2737 w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">605<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x320 y2737 w23 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w102 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Finance income on unwinding of discounted receivable<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x321 y271b w23 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x322 y271b w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">203<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w103 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Finance income on settlement of interest rate derivatives (note 21)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2690 w32 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">18,468<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2690 w42 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">22,778<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w104 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total finance income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">19,688<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2665 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">23,781<span class=\"_ _2aa\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-403": {
   "value": "<table class=\"s wbe h101\" id=\"_af284928-fc78-4068-8019-2877a1aa0b2f\"><tr><td></td><td class=\"t m0 x1a2 h1f y2776 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y2777 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2778 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2779 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td class=\"t m0 x1cf h2e y277a ff52 fs14 fc1 sc0 ls23 ws0\">Finance income<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y277b ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y277c ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y277d wff he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest received on bank deposits<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y277d w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">113<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dd y277d w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">306<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2740 w100 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Income from financial assets held at amortised cost (note 17)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f4 y2740 w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">502<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f5 y2740 w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">494<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 w101 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest received on loans within Joint Venture<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31f y2737 w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">605<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x320 y2737 w23 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w102 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Finance income on unwinding of discounted receivable<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x321 y271b w23 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x322 y271b w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">203<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w103 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Finance income on settlement of interest rate derivatives (note 21)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2690 w32 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">18,468<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2690 w42 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">22,778<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w104 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total finance income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">19,688<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2665 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">23,781<span class=\"_ _2aa\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-366": {
   "value": "<table class=\"s wbe hf8\" id=\"_aa9b939a-c176-456b-ba8a-be4bff0580b2\"><tr><td></td><td class=\"t m0 x1a2 h1f y277e ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y277f ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2780 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2781 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td class=\"t m0 x1cf h2e y2782 ff52 fs14 fc1 sc0 ls23 ws0\">Finance expense<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y2783 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y2784 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2737 w105 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest payable on bank borrowings<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2737 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">43,557<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2737 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">36,823<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w106 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Commitment fees payable on bank borrowings<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y271b w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">747<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dd y271b w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">817<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 wa6 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Amortisation of loan arrangement fees*<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x323 y2690 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,369<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x324 y2690 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">2,403<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w107 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total finance expense<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">46,673<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2665 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">40,043<span class=\"_ _2aa\"> </span></div></td></tr></table>*  <span class=\"_ _e\"></span>This includes a non-recurring exceptional charge of \u00a3236,009 (2024: \u00a370,000), relating to the acceleration of unamortised<span class=\"_ _0\"></span> arrangement fees in respect of the modification of loan facilities under IFRS 9. The above finance expense includes the following in respect of liabilities not classified as fair value through profit and loss:<span class=\"_ _2aa\"> </span><table class=\"s wbe h102\" id=\"_dec63931-d65a-44c8-bc87-0eeec7407a42\"><tr><td></td><td class=\"t m0 x1a2 h1f y2785 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y2786 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2787 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2788 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y2789 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y278a ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y278b w108 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Total interest expense on financial liabilities held at amortised cost<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y278b w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">45,926<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y278b w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">39,226<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w109 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Fee expense not part of effective interest rate for financial liabilities held at amortised cost<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x325 y2690 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">747<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x326 y2690 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">817<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w107 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total finance expense<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">46,673<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2665 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">40,043</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-404": {
   "value": "<table class=\"s wbe hf8\" id=\"_aa9b939a-c176-456b-ba8a-be4bff0580b2\"><tr><td></td><td class=\"t m0 x1a2 h1f y277e ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y277f ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2780 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2781 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td class=\"t m0 x1cf h2e y2782 ff52 fs14 fc1 sc0 ls23 ws0\">Finance expense<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y2783 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y2784 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2737 w105 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest payable on bank borrowings<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2737 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">43,557<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2737 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">36,823<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w106 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Commitment fees payable on bank borrowings<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y271b w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">747<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2dd y271b w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">817<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 wa6 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Amortisation of loan arrangement fees*<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x323 y2690 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,369<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x324 y2690 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">2,403<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w107 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total finance expense<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">46,673<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2665 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">40,043<span class=\"_ _2aa\"> </span></div></td></tr></table>*  <span class=\"_ _e\"></span>This includes a non-recurring exceptional charge of \u00a3236,009 (2024: \u00a370,000), relating to the acceleration of unamortised<span class=\"_ _0\"></span> arrangement fees in respect of the modification of loan facilities under IFRS 9. The above finance expense includes the following in respect of liabilities not classified as fair value through profit and loss:<span class=\"_ _2aa\"> </span><table class=\"s wbe h102\" id=\"_dec63931-d65a-44c8-bc87-0eeec7407a42\"><tr><td></td><td class=\"t m0 x1a2 h1f y2785 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y2786 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2787 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2788 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y2789 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y278a ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y278b w108 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Total interest expense on financial liabilities held at amortised cost<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y278b w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">45,926<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y278b w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">39,226<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w109 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Fee expense not part of effective interest rate for financial liabilities held at amortised cost<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x325 y2690 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">747<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x326 y2690 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">817<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w107 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total finance expense<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">46,673<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2665 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">40,043</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-332": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs1c6\">11. Taxation<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gs1c7\">A) Tax credit in profit or loss<span class=\"_ _2aa\"> </span></div><div class=\"gs1c8\"><table class=\"s w10a h103\" id=\"_89596ad3-7618-4a69-a634-956a37e8c28c\"><tr><td></td><td class=\"t m0 x1a2 h1f y278c ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y278d ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y278e ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y278f ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y2790 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y2791 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2792 w10b heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">UK Corporation tax<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x321 y2792 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x327 y2792 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2793 w10c heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">France Corporation Tax<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c2 y2793 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2e9 y2793 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2794 w10d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">UK deferred tax<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x321 y2794 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x327 y2794 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2795 w10e heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">France deferred tax (note 23)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x203 y2795 w4c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(871)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2a5 y2795 w80 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(140)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td class=\"c n x328 y2796 w87 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(871)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x329 y2796 w81 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(140)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h2e y2797 ff52 fs14 fc1 sc0 ls23 ws0\">B) Total tax credit<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1aa y271b w10f heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Tax credit in profit and loss as per the above<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x203 y271b w4c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(871)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2a5 y271b w80 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(140)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2707 w110 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Share of tax expense of equity accounted joint ventures<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c2 y2707 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2e9 y2707 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w111 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Total tax credit<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x32a y2665 w87 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(871)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x32b y2665 w80 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(140)<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1ca\">The Company and its subsidiaries operate as a UK Group REIT. Subject to continuing compliance with certain rules, the UK REIT </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1cb\">regime exempts the profits of the Group\u2019s property rental business from UK corporation tax. To operate as a UK Group REIT a number </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1cc\">of conditions had to be satisfied in respect of the Company, the Group\u2019s qualifying activity and the Group\u2019s balance of business. Since </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1cd\">the 21 December 2017 the Group has met all such applicable conditions. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1ce\">The reconciliation of the profit/(loss) before tax multiplied by the standard rate of corporation tax for the year of 25% (2024: 25%) to </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1cf\">the total tax credit is as follows:<span class=\"_ _2aa\"> </span></div><div class=\"gs1d0\"><table class=\"s w112 h104\" id=\"_63fa450d-1f68-4235-973a-49046035e726\"><tr><td></td><td class=\"t m0 x2a3 h1f y2798 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x2a4 he y2799 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y279a ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y279b ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td class=\"t m0 x1e1 h2e y279c ff52 fs14 fc1 sc0 ls23 ws0\">c) Reconciliation of the total tax credit for the year<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1df h1f y279d ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1e0 he y279e ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y279f w113 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Profit/(loss) on ordinary activities before taxation<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1cd y279f w36 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">60,657<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1ce y279f w30 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(21,324)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27a0 w114 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Theoretical tax at UK standard corporation tax rate of 25% (2024: 25%)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1cd y27a0 w36 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">15,164<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x32c y27a0 w4a heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(5,331)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h20 y27a1 ff51 fs14 fc1 sc0 ls23 ws0\">Effects of:<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1aa y277d w115 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Investment property and derivative revaluation not taxable<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c4 y277d w2a heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(2,290)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x32d y277d w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">24,269<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2740 w116 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Residual business losses<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y2740 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">5,178<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d2 y2740 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">2,481<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y272a w117 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Disposals of investment properties<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y272a w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">332<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1be y272a w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w118 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">REIT exempt income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x32e y271b w2f heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(18,384)</div></td><td class=\"c n x32f y271b w30 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(21,419)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w119 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Deferred tax assets not recognised<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x330 y2690 w87 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(871)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x331 y2690 w81 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(140)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w11a heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total tax credit for the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x203 y2665 w4c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(871)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2a5 y2665 w80 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(140)<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1d1\">UK REIT exempt income includes property rental income that is exempt from UK corporation tax in accordance with Part 12 </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1d2\">of CTA 2010.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1d3\">No deferred tax asset has been recognised in respect of the Group\u2019s residual carried forward tax losses of \u00a361.7 million </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1d4\">(2024: \u00a343.4 million) as, given the Group\u2019s REIT status, it is considered unlikely that these losses will be utilised. The Group is <span class=\"ls1\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1d5\">subject to French Corporation tax on its French property rental business at a rate of 25%. </div><div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs2c9\">23. Deferred tax<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2ca\">The deferred tax asset relates entirely to unutilised trading losses on the Group\u2019s French resident companies. </div><div class=\"gs196\"><table class=\"s w227 h11c\" id=\"_19b90bc5-4479-4976-abe0-66472b073903\"><tr><td></td><td class=\"t m0 x1a2 h1f y28df ff52 fs8 fc1 sc0 ls22 ws0\">Year to<span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y28e0 ff51 fs8 fc1 sc0 ls22 ws0\">Year to<span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y28e1 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025<span class=\"ls1\"> </span></td><td class=\"t m0 x1a5 he y28e2 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024<span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y28e3 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y28e4 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2705 w228 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">At the start of the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4d9 y2705 w87 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(140)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4da y2705 w23 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y268f w229 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Deferred tax on unutilised French trading losses<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4db y268f w87 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(871)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4dc y268f w80 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(140)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w22a he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Net credit to income statement (note 11)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4dd y2690 w4c he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(871)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4de y2690 w80 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(140)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w22b heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">At the end of the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c4 y2665 w2a heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(1,011)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2a5 y2665 w87 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(140)<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2cb\">Deferred tax has been calculated based on local rates applicable under local legislation substantively enacted at the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2cc\">balance sheet date.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2cd\">No deferred tax asset has been recognised in respect of unrealised capital losses that would be available on disposal of the <span class=\"ls1\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2ce\">properties at a loss at the current market value as it is considered there would not be additional French properties to benefit <span class=\"ls1\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2cf\">against the capital loss. </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-333": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs1d7\">12. Earnings per share<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1d8\">Earnings per share (\u201cEPS\u201d) amounts are calculated by dividing the profit or loss for the period attributable to ordinary equity holders </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1d9\">of the Company by the weighted average number of ordinary shares in issue during the period. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1da\">As the LTIPs issued during the year are dilutive instruments, we show the effect of these in diluted EPRA earnings per share.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1db\">The European Public Real Estate Association (\u201cEPRA\u201d) publishes guidelines for calculating on a comparable basis. EPRA EPS is </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1dc\">a measure of EPS designed by EPRA to enable entities to present underlying earnings from core operating activities, which excludes </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1dd\">fair value movements on investment properties and derivatives.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1de\">The Company has also previously included an additional earnings measure called \u201cAdjusted Earnings\u201d and \u201cAdjusted EPS.\u201d Adjusted </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws1b gs1df\">earnings</div><div class=\"t m0 h21 ff51 fs15 fc1 sc0 ls24 ws1c gs1e0\">99</div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1e1\"> was a performance measure used by the Board to assess the Group\u2019s financial performance and dividend payments. <span class=\"ls1\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1e2\">The metric adjusted EPRA earnings by deducting one-off items such as debt restructuring costs and adding back finance income on </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1e3\">derivatives held at fair value through profit and loss. Adjusted Earnings was considered a better reflection of the measure over which </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1e4\">the Board assessed the Group\u2019s trading performance and dividend cover. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1e5\">Following the updated September 2024 EPRA best practice recommendations guidelines, the specific adjustments to EPRA earnings </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1e6\">to calculate adjusted earnings are now included within the EPRA earnings calculation. While the result is that there is no impact to the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1e7\">Adjusted earnings in any prior period, the EPRA earnings was previously reported as \u00a353,283,000 for the year ended 30 June 2024. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1e8\">As such the comparative period calculations in the table below have been adjusted to reflect the new guidelines retrospectively.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1e9\">The resultant impact of this, and the permitted EPRA adjustments to calculate EPRA earnings in respective of non-operating or </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1ea\">exceptional items resulted to the Board using EPRA earnings as the key performance measure.</div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs1eb\"><span class=\"_ gs1ec\"> </span>.   <span class=\"_ _5\"></span>The Directors have identified certain measures that they believe will assist the understanding of the performance of the business. The measures are not defined<span class=\"_ _0\"></span> </div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs1ed\">under IFRS and they may not be directly comparable with other companies\u2019 adjusted measures. The non-GAAP measures are not intended to be a substitute for, or </div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs1ee\">superior to, any IFRS measures of performance, but they have been included as the Directors consider them to be important comparable and key measures used </div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs1ef\">within the business for assessing performance. The key non-GAAP measures identified by the Group have been defined in the supplementary information and, </div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs1f0\">where appropriate, reconciliation to the nearest IFRS measure has been given.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gs1f2\">The reconciliation of IFRS Earnings and EPRA Earnings is shown below:<span class=\"_ _2aa\"> </span></div><div class=\"gs1f3\"><table class=\"s w11b h105\" id=\"_daed896f-c8d0-4161-9860-ddf3db26d2f8\"><tr><td></td><td class=\"t m0 x1a2 h1f y27a2 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y27a3 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y27a4 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y27a5 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y27a6 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y27a7 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y27a8 w11c he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Net profit/(loss) attributable to ordinary shareholders<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x332 y27a8 w32 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">61,528<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c4 y27a8 w30 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(21,184)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h20 y27a9 ff51 fs14 fc1 sc0 ls23 ws0\">EPRA adjustments:<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1aa y27aa w34 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Changes in fair value of investment properties<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x333 y27aa w3c he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(28,001)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x334 y27aa w42 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">65,825<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27ab w11d he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Changes in fair value of interest rate derivatives measured at fair value through profit and loss<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x335 y27ab w32 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">18,842<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x336 y27ab w42 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">31,251<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27ac w40 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Loss on disposal of investment properties<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x337 y27ac w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,327<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x338 y27ac w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27ad w11e heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Group share of changes in fair value of joint venture investment properties<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x203 y27ad w4c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(468)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c5 y27ad w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27ae w11f heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Deferred tax credit<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2b0 y27ae w87 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(871)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x339 y27ae w81 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(140)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h20 y27af ff51 fs14 fc1 sc0 ls23 ws0\">Non-operating and exceptional items:<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x240 y27b0 w120 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Restructuring costs in relation to the acceleration of unamortised arrangement fees<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x33a y27b0 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">236<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x33b y27b0 w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">70<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x240 y27b1 w3a heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Termination fee<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x33c y27b1 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">20,800<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x33d y27b1 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x240 y27b2 w121 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Internalisation costs<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x33a y27b2 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">634<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x33d y27b2 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x240 y27b3 w122 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Fees for listing on the JSE<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x33e y27b3 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">192<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x33f y27b3 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2749 w123 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">EPRA Earnings<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x340 y2749 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">74,219<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x341 y2749 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">75,822<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td class=\"c x343 y268f w124 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">Number</div><div class=\"t m0 x342 h7d y27b4 ff52 fs15 fc1 sc0 ls1 ws0\">1</div></td><td class=\"c x345 y27b6 w125 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Number</div><div class=\"t m0 x344 h21 y27b5 ff51 fs15 fc1 sc0 ls1 ws0\">1<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2707 w126 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Weighted average number of ordinary shares (Basic)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x346 y2707 w127 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,246,239,185</div></td><td class=\"c n x347 y2707 w128 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,246,239,185<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w129 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Weighted average number of ordinary shares (Diluted)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x346 y2665 w127 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,246,328,616</div></td><td class=\"c n x347 y2665 w128 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,246,239,185</div></td></tr></table></div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs1f4\"><span class=\"_ gs1f5\"> </span> Based on the weighted average number of ordinary shares in issue<span class=\"_ _2aa\"> </span></div><div class=\"gs1f6\"><table class=\"s w12a h106\" id=\"_ab832627-22f4-45d8-a4de-e934c6b5b27b\"><tr><td></td><td class=\"t m0 x1a2 h1f y27b7 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y27b8 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y27b9 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 <span class=\"ls1\"> </span></td><td class=\"t m0 x1a5 he y27ba ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x348 h1f y27bb ff52 fs8 fc1 sc0 ls22 ws0\">Pence per share </td><td class=\"t m0 x349 he y27bc ff51 fs8 fc1 sc0 ls22 ws0\">Pence per share </td></tr><tr><td></td><td class=\"t m0 x34a h1f y27bd ff52 fs8 fc1 sc0 ls22 ws1a\">(\u2018p\u2019)<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x34b he y27be ff51 fs8 fc1 sc0 ls22 ws1a\">(\u2018p\u2019)<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y27bf w12b heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Basic and Diluted EPS<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x34c y27bf w12c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">4.9<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x34d y27bf w12d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(1.7)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h20 y27c0 ff51 fs14 fc1 sc0 ls23 ws0\">EPRA adjustments:<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1aa y27c1 w34 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Changes in fair value of investment properties<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x34e y27c1 w12e heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(2.2)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x34f y27c1 w12f heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">5.3<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27c2 w130 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Changes in fair value of interest rate derivatives measured at FVTPL<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x350 y27c2 w12c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1.5<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x351 y27c2 w131 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">2.5<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27c3 w40 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Loss on disposal of investment properties<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x352 y27c3 w12c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">0.1<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x353 y27c3 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27c4 w11e heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Group share of changes in fair value of joint venture investment properties<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x354 y27c4 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1e5 y27c4 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2701 w120 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Restructuring costs in relation to the acceleration of unamortised arrangement fees<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c2 y2701 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2e9 y2701 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h20 y27c5 ff51 fs14 fc1 sc0 ls23 ws0\">Non-operating and exceptional items:<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x240 y2703 w3a heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Termination fee<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x355 y2703 w12c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1.7<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x356 y2703 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x240 y26d4 w121 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Internalisation costs<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x357 y26d4 w12c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">0.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x358 y26d4 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x240 y2705 w132 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Listing transfer fee<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x357 y2705 w12c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">0.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x358 y2705 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x240 y268f w122 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Fees for listing on the JSE<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x359 y268f w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x35a y268f w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w133 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">EPRA EPS (Basic)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x35b y2690 w12c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">6.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x35c y2690 w12f heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">6.1<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w134 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">EPRA EPS (Diluted)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x35d y2665 w12c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">6.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x35e y2665 w131 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">6.1<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gs1f8\">Headline Earnings per share<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1f9\">The JSE listing requirements mandate the calculation of headline earnings (In accordance with Circular 1/2023 issued by the South </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1fa\">African Institute of Chartered Accountants) and disclosure of a detailed reconciliation of headline earnings to the earnings numbers </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1fb\">used in the calculation of basic earnings per share in accordance with the requirements of IAS 33 Earnings per share. Disclosure of </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs1fc\">headline earnings is not a requirement of IFRS.<span class=\"_ _2aa\"> </span></div><div class=\"gs1fd\"><table class=\"s w135 h107\" id=\"_55b02801-8f28-4428-8359-d49a02e4d502\"><tr><td></td><td class=\"t m0 x2a3 h1f y27c6 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x2a4 he y27c7 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y27c8 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y27c9 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td></td><td class=\"t m0 x1df h1f y27ca ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1e0 he y27cb ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y27cc w136 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Net income/(loss) attributable to ordinary shareholders<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1cd y27cc w36 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">61,528<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1ce y27cc w30 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(21,184)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h20 y27cd ff51 fs14 fc1 sc0 ls23 ws0\">Headline earnings adjustments:<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1aa y27ce w34 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Changes in fair value of investment properties<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x333 y27ce w3c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(28,001)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x334 y27ce w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">65,825<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27cf w137 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Profit on disposal of investment properties<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x35f y27cf w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,327<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x320 y27cf w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27d0 w11e heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Group share of changes in fair value of joint venture investment properties<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x203 y27d0 w4c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(468)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c5 y27d0 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27d1 w138 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Headline earnings<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1cd y27d1 w36 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">34,386<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2b1 y27d1 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">44,641<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27d2 w11d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Changes in fair value of interest rate derivatives measured at fair value through profit and loss<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x335 y27d2 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">18,842<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x336 y27d2 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">31,251<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27d3 w121 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Internalisation costs<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y27d3 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">21,434<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1be y27d3 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27d4 w11f heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Deferred tax credit<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2b0 y27d4 w87 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(871)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x339 y27d4 w81 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(140)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27d5 w120 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Restructuring costs in relation to the acceleration of unamortised arrangement fees<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y27d5 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">236<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1be y27d5 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27d6 w122 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Fees for listing on the JSE<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bd y27d6 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">192<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ac y27d6 w70 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">70<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27d7 w139 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">EPRA earnings<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y27d7 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">74,219<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y27d7 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">75,822<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td class=\"c x361 y27d9 w13a heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">Number</div><div class=\"t m0 x360 h7d y27d8 ff52 fs15 fc1 sc0 ls1 ws0\">1</div></td><td class=\"c x363 y27db w13b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Number</div><div class=\"t m0 x362 h21 y27da ff51 fs15 fc1 sc0 ls1 ws0\">1<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27dc w126 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Weighted average number of ordinary shares (Basic)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x346 y27dc w127 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,246,239,185</div></td><td class=\"c n x347 y27dc w128 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,246,239,185<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27dd w129 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Weighted average number of ordinary shares (Diluted)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x346 y27dd w127 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,246,328,616</div></td><td class=\"c n x347 y27dd w128 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,246,239,185<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27de w13c heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Basic earnings per share<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x364 y27de w12c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">4.9<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x365 y27de w12d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(1.7)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27df w13d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Diluted earnings per share<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x366 y27df w12c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">4.9<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x367 y27df w13e heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(1.7)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2749 w13f heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Headline earnings per share basic<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x368 y2749 w12c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2.8<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x369 y2749 w131 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">3.6<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y268f w140 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Headline earnings per share diluted<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x350 y268f w12c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2.8<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x351 y268f w131 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">3.6<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w141 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">EPRA earnings per share basic<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x350 y2690 w12c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">6.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x351 y2690 w131 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">6.1<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w142 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">EPRA earnings per share diluted<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x36a y2665 w12c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">6.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x36b y2665 w131 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">6.1</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-334": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs1ff\">13. Dividends<span class=\"_ _2aa\"> </span></div><div class=\"gs200\"><table class=\"s wc1 h108\" id=\"_50d76803-f177-4741-8d10-8eaa96c86090\"><tr><td></td><td class=\"t m0 x2a3 h1f y27e0 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x2a4 he y27e1 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y27e2 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y27e3 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td></td><td class=\"t m0 x1df h1f y27e4 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1e0 he y27e5 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"t m0 x1e1 h20 y27e6 ff53 fs14 fc1 sc0 ls23 ws0\">Amounts recognised as a distribution to ordinary Shareholders in the year:<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2665 w143 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">Dividends<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x36c y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\"><span>76,083<span class=\"_ _2aa\"> </span></span></div></td><td class=\"c n x36d y2665 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\"><span>75,335<span class=\"_ _2aa\"> </span></span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs201\">On 4 July 2024, the Board declared a fourth interim dividend for the year ended 30 June 2024 of 1.515 pence per share, which was paid </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs202\">on 16 August 2024 to shareholders on the register on 12 July 2024. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs203\">On 3 October 2024 the Board declared a first interim dividend for the year ended 30 June 2025 of 1.530 pence per share, which was </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs204\">paid on 15 November 2024 to shareholders on the register on 11 October 2024. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs205\">On 9 January 2025 the Board declared a second interim dividend for the year ended 30 June 2025 of 1.530 pence per share, which was </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs206\">paid on 28 February 2025 to shareholders on the register on 31 January 2025. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs207\">On 3 April 2025 the Board declared a third interim dividend for the year ended 30 June 2025 of 1.530 pence per share, which was paid </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs208\">on 23 May 2025 to shareholders on the register on 25 April 2025. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs209\">On 3 July 2025, the Board declared a fourth interim dividend for the year ended 30 June 2025 of 1.530 pence per share, which was paid </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs20a\">on 22 August 2025 to shareholders on the register on 25 July 2025.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs20b\">This has not been included as a liability as at 30 June 2025.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-367": {
   "value": "76083000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00",
    "unit": "iso4217:GBP"
   }
  },
  "fact-368": {
   "value": "75335000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2023-07-01T00:00:00/2024-07-01T00:00:00",
    "unit": "iso4217:GBP"
   }
  },
  "fact-335": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs20d\">14. Investment properties<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs20e\">In accordance with IAS 40 \u201cInvestment Property\u201d, the Group\u2019s investment properties have been independently valued at fair value </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs20f\">by Cushman &amp; Wakefield, an accredited independent valuer with a recognised and relevant professional qualification and with </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs210\">recent experience in the locations and categories of the investment properties being valued. The valuations have been prepared </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs211\">in accordance with the RICS Valuation \u2013 Global Standards and incorporate the recommendations of the International Valuation </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs212\">Standards Committee which are consistent with the principles set out in IFRS 13.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs213\">The independent valuer in forming its opinion on valuation makes a series of assumptions. As explained in note 2, all the valuations <span class=\"ls1\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs214\">of the Group\u2019s investment property at 30 June 2025 are classified as \u2018level 3\u2019 in the fair value hierarchy defined in IFRS 13. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs215\">The valuations are ultimately the responsibility of the Directors. Accordingly, the critical assumptions used in establishing the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs216\">independent valuation are reviewed by the Board.<span class=\"_ _2aa\"> </span></div><div class=\"gs217\"><table class=\"s w144 h109\" id=\"_0f087c2a-d23e-4bad-b6a9-ad084f79a6bb\"><tr><td></td><td></td><td class=\"t m0 x1a7 h1f y27e7 ff52 fs8 fc1 sc0 ls22 ws1a\">Long <span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x36e h1f y27e8 ff52 fs8 fc1 sc0 ls22 ws1a\">Freehold <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x36f h1f y27e9 ff52 fs8 fc1 sc0 ls22 ws1a\">Leasehold <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x218 h1f y27e9 ff52 fs8 fc1 sc0 ls22 ws1a\">Total <span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m0 x370 h1f y27ea ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y27eb ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 h1f y27eb ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y27ec w145 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">At 1 July 2024<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x371 y27ec w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">972,016<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1ff y27ec w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">796,200</div></td><td class=\"c n x1ed y27ec w55 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1,768,216<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27ed w146 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property additions<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x372 y27ed w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">28,290<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1fb y27ed w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">49,700<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x373 y27ed w33 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">77,990<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27ee w147 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Capitalised acquisition costs<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x374 y27ee w63 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">2,977<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c2 y27ee w63 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1,151<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x375 y27ee w63 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">4,128<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27ef w148 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Disposals into a joint venture<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x376 y27ef w37 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(52,000)</div></td><td class=\"c n x377 y27ef wa0 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(351,325)</div></td><td class=\"c n x378 y27ef wa0 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(403,325)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27f0 w149 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Other disposals<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x379 y27f0 w30 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(63,500)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x37a y27f0 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x37b y27f0 w30 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(63,500)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27f1 w14a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Revaluation movement<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x372 y27f1 w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">11,976<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1fb y27f1 w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">18,754<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x373 y27f1 w33 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">30,730<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27f2 wd4 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Currency exchange movement<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x374 y27f2 w63 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1,580<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x201 y27f2 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x202 y27f2 w63 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1,580<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27f3 w14b heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Valuation at 30 June 2025<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x37c y27f3 w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">901,339<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1ff y27f3 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">514,480</div></td><td class=\"c n x37d y27f3 w54 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,415,819<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27f4 w145 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">At 1 July 2023<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x371 y27f4 w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">899,440<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1ff y27f4 w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">786,250</div></td><td class=\"c n x1ed y27f4 w55 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1,685,690<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27f5 w146 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property additions<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x37e y27f5 w25 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">101,104<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1bb y27f5 w33 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">34,700<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x37f y27f5 w25 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">135,804<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27f6 w147 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Capitalised acquisition costs<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x374 y27f6 w63 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">8,093<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c2 y27f6 w63 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">2,317<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x380 y27f6 w33 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">10,410<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27f7 w14a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Revaluation movement<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x381 y27f7 w30 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(35,747)</div></td><td class=\"c n x382 y27f7 w37 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(27,067)</div></td><td class=\"c n x383 y27f7 w30 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(62,814)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y26b6 wd4 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Currency exchange movement<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x384 y26b6 w80 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(874)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x385 y26b6 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x386 y26b6 w81 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(874)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w14b heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Valuation at 30 June 2024<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x37c y2665 w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">972,016<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1ff y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">796,200</div></td><td class=\"c n x37d y2665 w54 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,768,216<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"gs218\"><table class=\"s wbe hf5\" id=\"_149aae19-9072-408b-a322-74df79f3a008\"><tr><td></td><td class=\"t m0 x1a2 h1f y27f8 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y27f9 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y27fa ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y27fb ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td class=\"t m0 x1cf h2e y27fc ff52 fs14 fc1 sc0 ls23 ws0\">Reconciliation of Investment Property to Independent Property Valuation<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y27fd ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y27fe ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y271b w14c heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Investment Property at fair value per Group Statement of Financial Position<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f2 y271b w54 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,415,819</div></td><td class=\"c n x1f3 y271b w60 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,768,216<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w14d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Market Value of Property classified as Financial Assets held at amortised cost (Note 17)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x387 y2690 w3f heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">7,280<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x388 y2690 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">7,530<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w14e heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total Independent Property Valuation<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x389 y2665 w54 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,423,099</div></td><td class=\"c n x38a y2665 w55 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,775,746<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs219\">There were nine property acquisitions during the year (2024: 20), eight (2024: 17) of which were direct purchases of the assets in </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs21a\">France and one (2024: nil) acquisition of a corporate structure. The corporate acquisition is also treated as an asset purchase rather </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs21b\">than a business combination because it is considered to be an acquisition of properties rather than businesses.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs21c\">There were nine disposals of properties during the year (2024: nil), eight of which are held in the Joint Venture which the Group holds </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs21d\">a 50% stake.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs21e\">Included within the carrying value of investment properties at 30 June 2025 is \u00a312,158,000 (2024: \u00a310,920,000) in respect of the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs21f\">smoothing of fixed contractual rent uplifts as described in note 4. The difference between rents on a straight-line basis and rents </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs220\">actually receivable is included within the carrying value of the investment properties but does not increase that carrying value over </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs221\">fair value. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs222\">Included within the carrying values of investment properties at 30 June 2025 is \u00a31,751,000 (2024: \u00a31,033,000) in respect of the lease </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs223\">incentives with tenants in the form of rent free debtors as described in note 4 and capitalised letting fees.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs225\">The effect of these adjustments on the revaluation movement during the year is as follows:<span class=\"_ _2aa\"> </span></div><div class=\"gs226\"><table class=\"s w14f h101\" id=\"_48c6b950-c4b2-4d71-848f-f28a1da75783\"><tr><td></td><td class=\"t m0 x2a3 h1f y27ff ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x2a4 he y2800 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y2801 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y2802 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 </td></tr><tr><td></td><td class=\"t m0 x1df h1f y2803 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1e0 he y2804 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y273f w150 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Revaluation movement per above<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x38b y273f w36 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">30,730<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x38c y273f w30 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(62,814)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2805 w151 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Rent smoothing adjustment (note 4)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x38d y2805 w2a he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(1,909)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x38e y2805 w4a he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(2,197)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 w152 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Movement in Lease incentives<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x38f y2737 w4c he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(405)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x390 y2737 w81 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(564)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2723 w153 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Movements in capitalised letting fees<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x203 y2723 w4c he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(280)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2a5 y2723 w80 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(218)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w154 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Foreign exchange movement through OCI<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2b0 y2690 w87 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(135)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x391 y2690 w155 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(32)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w156 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Change in fair value recognised in profit or loss<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1cd y2665 w36 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">28,001<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1ce y2665 w30 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(65,825)<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gs227\">Valuation techniques and key unobservable inputs<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff53 fs14 fc1 sc0 ls23 ws0 gs228\">Valuation techniques used to derive fair values<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs229\">The valuations have been prepared on the basis of market value which is defined in the RICS Valuation Standards as \u2018the estimated </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs22a\">amount for which an asset or liability should exchange on the date of the valuation between a willing buyer and a willing seller </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs22b\">in an arm\u2019s length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs22c\">compulsion\u2019. Market value as defined in the RICS Valuation Standards is the equivalent of fair value under IFRS.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs22d\">The yield methodology approach is used when valuing the Group\u2019s properties which uses market rental values capitalised with </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs22e\">a market capitalisation rate. This is sense-checked against the market comparable method (or market comparable approach) where </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs22f\">a property\u2019s fair value is estimated based on comparable transactions in the market.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff53 fs14 fc1 sc0 ls23 ws0 gs230\">Unobservable inputs<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs231\">Significant unobservable inputs include: the passing rent and estimated rental value (\u201cERV\u201d) based on market conditions prevailing </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs232\">at the valuation date and net initial yield. Other unobservable inputs include but are not limited to the future rental growth \u2013 the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs233\">estimated average increase in rent based on both market estimations and contractual situations, and the physical condition of the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs234\">individual properties determined by inspection.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs235\">A decrease in passing rent and ERV would decrease the fair value. A decrease in net initial yield would increase the fair value. </div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gs236\">Sensitivity of measurement of significant valuation inputs<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs237\">As described in note 2 the determination of the valuation of the Group\u2019s investment property portfolio is open to judgement and is </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs238\">inherently subjective by nature.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff53 fs14 fc1 sc0 ls23 ws0 gs239\">Sensitivity analysis \u2013 impact of changes in net initial yields and rental values<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs23a\">Year to 30 June 2025<span class=\"_ _2aa\"> </span></div><div class=\"gs23b\"><table class=\"s w157 h10a\" id=\"_36972b6f-fbe4-4912-b95e-9c668399e632\"><tr><td></td><td class=\"c n x392 y2806 w158 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws1a\">UK<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x393 y2806 w159 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws1a\">France<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x394 y2806 w15a hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws1a\">Total<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2807 w15b heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Fair value<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x395 y2807 w69 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a31,320.4m<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x396 y2807 w15c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a395.4m</div></td><td class=\"c n x397 y2807 w69 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a31,415.8m<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2808 w15d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Range of Net Initial Yields<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x398 y2808 w15e heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">5.0%-7.9%</div></td><td class=\"c n x399 y2808 w15e heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">5.9%-7.1%</div></td><td class=\"c n x39a y2808 w15f heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">5.0%-7.9%<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h20 y2809 ff51 fs14 fc1 sc0 ls23 ws0\">Range of Rental values (passing rents or ERV as relevant) of Group\u2019s </td><td></td><td></td><td></td></tr><tr><td class=\"c n x39b y280a w160 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Investment Properties<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x39c y280a w161 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a30.3m-\u00a35.1m</div></td><td class=\"c n x39d y280a w161 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a30.6m-\u00a30.9m</div></td><td class=\"c n x39e y280a w161 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a30.3m-\u00a35.1m<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y280b w162 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Weighted average of Net Initial Yields<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x39f y280b w163 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">5.8%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3a0 y280b w163 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">6.5%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3a1 y280b w163 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">5.8%<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h20 y280c ff51 fs14 fc1 sc0 ls23 ws0\">Weighted average of Rental values (passing rents or ERV as relevant) of Group\u2019s </td><td></td><td></td><td></td></tr><tr><td class=\"c n x39b y2665 w160 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Investment Properties<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3a2 y2665 w164 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a32.7m<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3a3 y2665 w164 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a30.7m<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3a4 y2665 w164 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a32.9m<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs23c\">Year to 30 June 2024<span class=\"_ _2aa\"> </span></div><div class=\"gs23d\"><table class=\"s w165 h10b\" id=\"_8768281d-ed69-4680-8479-37c67c8efc59\"><tr><td></td><td class=\"c n x392 y280d w158 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws1a\">UK<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x393 y280d w159 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws1a\">France<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x394 y280d w15a hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws1a\">Total<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y280e w15b heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Fair value<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3a5 y280e w69 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a31,704.3m<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3a6 y280e w15c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a363.9m</div></td><td class=\"c n x3a7 y280e w69 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a31,768.2m<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2808 w15d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Range of Net Initial Yields<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3a8 y2808 w166 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">4.6%-8.0%</div></td><td class=\"c n x3a9 y2808 w166 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">4.2%-6.8%</div></td><td class=\"c n x3aa y2808 w167 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">4.6%-8.0%<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h20 y280f ff51 fs14 fc1 sc0 ls23 ws0\">Range of Rental values (passing rents or ERV as relevant) of Group\u2019s </td><td></td><td></td><td></td></tr><tr><td class=\"c n x39b y280a w160 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Investment Properties<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x39c y280a w168 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.3m-\u00a35.1m</div></td><td class=\"c n x3ab y280a w168 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.6m-\u00a30.8m</div></td><td class=\"c n x3ac y280a w168 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.3m-\u00a35.1m<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y280b w162 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Weighted average of Net Initial Yields<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ad y280b w169 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">5.9%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3a0 y280b w169 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">6.3%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ae y280b w16a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">5.9%<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h20 y2810 ff51 fs14 fc1 sc0 ls23 ws0\">Weighted average of Rental values (passing rents or ERV as relevant) of Group\u2019s </td><td></td><td></td><td></td></tr><tr><td class=\"c n x39b y2665 w160 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Investment Properties<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3a2 y2665 w16b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a32.9m<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3af y2665 w16b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.7m<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3b0 y2665 w16b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a32.9m<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs23f\">The table below analyses the sensitivity on the fair value of investment properties for changes in rental values and net initial yields:<span class=\"_ _2aa\"> </span></div><div class=\"gs226\"><table class=\"s w16c h10c\" id=\"_bffe19ab-cdee-4e49-a7aa-80adfbaa9e12\"><tr><td></td><td class=\"t m0 x3b1 h1f y2811 ff52 fs8 fc1 sc0 ls22 ws1a\">+2%<span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x3b2 h1f y2812 ff52 fs8 fc1 sc0 ls22 ws1a\">-2%<span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x26b h1f y2813 ff52 fs8 fc1 sc0 ls22 ws1a\">+0.5% <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x3b3 h1f y2814 ff52 fs8 fc1 sc0 ls22 ws1a\">-0.5% <span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m0 x3b4 h1f y2815 ff52 fs8 fc1 sc0 ls22 ws1a\">Rental <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x3b5 h1f y2816 ff52 fs8 fc1 sc0 ls22 ws1a\">Rental <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x3b6 h1f y2817 ff52 fs8 fc1 sc0 ls22 ws0\">Net Initial <span class=\"ls1\"> </span></td><td class=\"t m0 x3b7 h1f y2818 ff52 fs8 fc1 sc0 ls22 ws0\">Net Initial <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x3b8 h1f y2819 ff52 fs8 fc1 sc0 ls22 ws1a\">value<span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x370 h1f y281a ff52 fs8 fc1 sc0 ls22 ws1a\">value<span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x1a7 h1f y281b ff52 fs8 fc1 sc0 ls22 ws1a\">Yield <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x218 h1f y281c ff52 fs8 fc1 sc0 ls22 ws1a\">Yield<span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m0 x3b9 h1f y281d ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3m<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x26a h1f y281e ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3m<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x271 h1f y281f ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3m<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x3ba h1f y2820 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3m<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c x1aa y2822 w16d h10d\"><div class=\"t m0 x1a9 h2e y2821 ff52 fs14 fc1 sc0 ls23 ws0\">Increase/(decrease) in the fair value of investment properties as at<span class=\"_ _2aa\"> </span></div><div class=\"t m0 x1b7 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">30 June 2025<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3bb y2822 w16e he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">28.3<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3bc y2822 w16f he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(28.3)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3bd y2822 w170 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(112.9)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3be y2822 wec he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">134.5<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c x1aa y2665 w171 h10d\"><div class=\"t m0 x1a9 h20 y2823 ff51 fs14 fc1 sc0 ls23 ws0\">Increase/(decrease) in the fair value of investment properties as at<span class=\"_ _2aa\"> </span></div><div class=\"t m0 x1b7 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">30 June 2024<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3bf y2665 w172 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">35.4<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c0 y2665 w173 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(35.4)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c1 y2665 w174 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(138.1)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c2 y2665 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">164.1</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-336": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs241\">15. Subsidiaries<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs242\">The entities listed in the following table were the subsidiary undertakings of the Company at 30 June 2025 all of which are wholly </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs243\">owned. All but those noted as Jersey or French entities below are subsidiary undertakings incorporated in England. </div><div class=\"gs244\"><table class=\"s w175 h10e\" id=\"_302ac654-7b9d-4419-8978-6e13e162f499\"><tr><td class=\"c n x3c4 y2824 w176 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws0\">Company name<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c5 y2824 w177 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws0\">Holding type<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c6 y2824 w178 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws0\">Nature of business<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2825 w179 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c7 y2825 w17a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c8 y2825 w17b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Intermediate parent company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2826 w17c hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments (Midco2) UK Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c9 y2826 w17a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ca y2826 w17d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Intermediate parent company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2827 w17c hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments (Midco3) UK Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c9 y2827 w17a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ca y2827 w17d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Intermediate parent company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2828 w17c hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments (Midco4) UK Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c9 y2828 w17a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ca y2828 w17d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Intermediate parent company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2829 w17e hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (MIDCO) LTD+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3cb y2829 w17f hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3cc y2829 w17b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Intermediate parent company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y282a w17c hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (Midco6) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c9 y282a w17a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ca y282a w17d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Intermediate parent company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y282b w17c hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (Midco7) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c9 y282b w17a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ca y282b w17d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Intermediate parent company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y282c w17c hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (Midco8) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c9 y282c w17a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ca y282c w17d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Intermediate parent company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y282d w17c heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (Midco9) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c9 y282d w17a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ca y282d w17d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Intermediate parent company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y282e w180 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (Midco10) Limited*+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3cd y282e w17f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ce y282e w181 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Investment in Joint Venture<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y282f w182 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">SUPR Green Energy Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3cf y282f w17f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d0 y282f w183 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Energy provision company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2830 w184 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">SUPR Finco Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d1 y2830 w17f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d2 y2830 w185 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Holding company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2831 w186 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO1) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d3 y2831 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d4 y2831 w188 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2832 w186 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO2) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d3 y2832 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d4 y2832 w188 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2833 w186 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO3) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d3 y2833 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d4 y2833 w188 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2834 w186 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO5) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d3 y2834 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d4 y2834 w188 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2835 w186 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO7) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d3 y2835 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d4 y2835 w188 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2836 w186 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO8) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d3 y2836 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d4 y2836 w188 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2837 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO10) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d5 y2837 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d6 y2837 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2838 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO11) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d5 y2838 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d6 y2838 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2839 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO12) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d5 y2839 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d6 y2839 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y283a w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO16) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d5 y283a w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d6 y283a w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y283b w18c heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO16a) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d7 y283b w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d8 y283b w188 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y283c w18d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO16b) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d9 y283c w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3da y283c w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y283d w18e heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO16c) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3db y283d w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3dc y283d w188 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y283e w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO17) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d5 y283e w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d6 y283e w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y283f w18f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">TPP Investments Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3dd y283f w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3de y283f w188 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2840 w190 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">T (Partnership) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3df y2840 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e0 y2840 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2841 w191 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">The TBL Property Partnership<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e1 y2841 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e2 y2841 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2842 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO19) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d5 y2842 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d6 y2842 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2843 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO20) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2843 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2843 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2844 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO21) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2844 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2844 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2845 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO22) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2845 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2845 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2846 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO23) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2846 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2846 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2775 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO24) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2775 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2775 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276c w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO25) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y276c w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y276c w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276d w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO26) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y276d w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y276d w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2847 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO27) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2847 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2847 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276f w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO29) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y276f w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y276f w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2770 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO30) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2770 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2770 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2771 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO31) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2771 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2771 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2772 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO32) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2772 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2772 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w189 h10f\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO33) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2665 w18a h10f\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2665 w18b h10f\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"gs246\"><table class=\"s w192 h110\" id=\"_14894ee9-fe57-46d1-872a-4e7e9ac419a4\"><tr><td class=\"c n x3e6 y2849 w176 hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws0\">Company name<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e7 y2849 w177 hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws0\">Holding type<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e8 y2849 w178 hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws0\">Nature of business<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3e6 y282d w189 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO34) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e9 y282d w18a he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ea y282d w18b he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3e6 y284a w193 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO35) Limited^-<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3eb y284a w187 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ec y284a w18b he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3e6 y282f w189 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO36) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e9 y282f w18a he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ea y282f w18b he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3e6 y284b w189 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO37) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e9 y284b w18a he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ea y284b w18b he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2831 w189 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO38) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2831 w18a he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2831 w18b he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y284c w193 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO39) Limited^-<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ed y284c w187 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ee y284c w18b he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2833 w189 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO40) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2833 w18a he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2833 w18b he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2834 w189 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO41) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2834 w18a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2834 w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y284d w189 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO42) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y284d w18a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y284d w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2836 w189 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO44) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2836 w18a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2836 w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y284e w189 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO45) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y284e w18a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y284e w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2838 w186 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO49) Limited<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ef y2838 w187 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f0 y2838 w188 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y284f w194 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO52) Limited*+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f1 y284f w187 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f2 y284f w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y283a w194 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO53) Limited*+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f1 y283a w187 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f2 y283a w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y283b w194 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO54) Limited*+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f1 y283b w187 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f2 y283b w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2850 w195 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">The Brookmaker Unit Trust^-<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f3 y2850 w187 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f4 y2850 w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y283d w196 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Brookmaker Limited Partnership#<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f5 y283d w187 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f6 y283d w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2851 w197 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Brookmaker (GP) Limited#<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f7 y2851 w187 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f8 y2851 w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y283f w198 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Brookmaker (Nominee) Limited#<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f9 y283f w187 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fa y283f w188 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2852 w199 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Horner REIT^-<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f7 y2852 w187 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f8 y2852 w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2841 w19a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments France 1\u201d\u00a8<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fb y2841 w18a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fc y2841 w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2853 w19a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments France 2\u201d\u00a8<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fb y2853 w18a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fc y2853 w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2843 w19a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments France 3\u201d\u00a8<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fb y2843 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fc y2843 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2844 w19a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments France 4\u201d\u00a8<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fb y2844 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fc y2844 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2854 w19a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments France 5\u201d\u00a8<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fb y2854 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fc y2854 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2846 w19a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments France 6\u201d\u00a8<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fb y2846 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fc y2846 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2855 w19b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments France 7\u201d*\u00a8<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fd y2855 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fe y2855 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276c w19b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments France 8\u201d*\u00a8<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fd y276c w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fe y276c w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2856 w19b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments France 9\u201d*\u00a8<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fd y2856 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fe y2856 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2847 w19c heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No1) LTD+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f7 y2847 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f8 y2847 w185 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Holding company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276f w19c heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No2) LTD+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f7 y276f w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f8 y276f w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2857 w19c heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No3) LTD+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f7 y2857 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f8 y2857 w185 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Holding company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2771 w19c heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No4) LTD+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f7 y2771 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f8 y2771 w185 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Holding company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2711 w19c heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No5) LTD+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f7 y2711 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f8 y2711 w185 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Holding company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w19c heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No6) LTD+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f7 y2665 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f8 y2665 w185 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Holding company<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs247\">* New subsidiaries incorporated during the year ended <span class=\"_ gs248\"> </span> June <span class=\"_ gs249\"> </span></div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs24a\">** Subsidiaries acquired during the year ended <span class=\"_ gs248\"> </span> June <span class=\"_ gs249\"> </span></div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs24b\">^ Jersey registered entity<span class=\"_ _2aa\"> </span></div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs24c\">\u201c France registered entity<span class=\"_ _2aa\"> </span></div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs24d\">+ Registered office: <span class=\"_ gs24e\"> </span>rd Floor, <span class=\"_ gs24f\"> </span> Bishops Square, London, E<span class=\"_ gs1f5\"> </span> <span class=\"_ gs250\"> </span>EG<span class=\"_ _2aa\"> </span></div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs251\">- Registered office: <span class=\"_ gs24e\"> </span>rd Floor, Gaspe House, <span class=\"_ gs1ec\"> </span>-<span class=\"_ gs252\"> </span> Esplanade, St Helier, Jersey, JE<span class=\"_ gs1f5\"> </span> <span class=\"_ gs253\"> </span>LH<span class=\"_ _2aa\"> </span></div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs254\"># Registered office: <span class=\"_ gs255\"> </span>th Floor <span class=\"_ gs1f5\"> </span> Fleet Place, London, United Kingdom, EC<span class=\"_ gs256\"> </span>M <span class=\"_ gs257\"> </span>RA<span class=\"_ _2aa\"> </span></div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs258\">\u00a8 Registered office: Tour Pacific, <span class=\"_ gs259\"> </span>-<span class=\"_ gs25a\"> </span> Cours Valmy, <span class=\"_ gs25b\"> </span> Paris La D\u00e9fense Cedex<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs25d\">The following subsidiaries will be exempt from the requirements of the Companies Act 2006 relating to the audit of individual <span class=\"ls1\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs25e\">accounts by virtue of Section 479A of that Act.<span class=\"_ _2aa\"> </span></div><div class=\"gs25f\"><table class=\"s w19d h111\" id=\"_10e26644-877c-49c4-8c29-85963e677b03\"><tr><td></td><td class=\"t m0 x3ff h1f y2858 ff52 fs8 fc1 sc0 ls22 ws0\">Companies House<span class=\"ls1\"> </span></td></tr><tr><td class=\"t m0 x1cf h1f y2859 ff52 fs8 fc1 sc0 ls22 ws0\">Company name<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x400 h1f y2859 ff52 fs8 fc1 sc0 ls22 ws0\">Registration Number<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2844 w19e he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (MIDCO) LTD<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x401 y2844 w19f he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">12473355<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2845 w1a0 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">SUPR Green Energy Limited<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x402 y2845 w1a1 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">12892076<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2846 w1a2 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No1) LTD<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x401 y2846 w19f he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">12475261<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2775 w1a2 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No2) LTD<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x401 y2775 w19f he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">12475599<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276c w1a2 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No3) LTD<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x401 y276c w19f hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">12478141<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276d w1a2 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No4) LTD<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x401 y276d w19f hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">12604032<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276e w1a2 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No5) LTD<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x401 y276e w19f hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">12605175<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276f w1a2 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No6) LTD<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x401 y276f w19f hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">12606144<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2770 w1a3 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">SUPR Finco Limited<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x402 y2770 w1a1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">14292760<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2771 w1a4 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (Midco8) Limited<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x403 y2771 w1a1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">15576317<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2772 w1a5 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (No49) Limited<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x402 y2772 w1a1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">15592845<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1a6 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (Midco 9) Limited<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x401 y2665 w19f hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">15977428<span class=\"_ _2aa\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-369": {
   "value": "15. Subsidiaries<span class=\"_ _2aa\"> </span>The entities listed in the following table were the subsidiary undertakings of the Company at 30 June 2025 all of which are wholly owned. All but those noted as Jersey or French entities below are subsidiary undertakings incorporated in England. <table class=\"s w175 h10e\" id=\"_302ac654-7b9d-4419-8978-6e13e162f499\"><tr><td class=\"c n x3c4 y2824 w176 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws0\">Company name<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c5 y2824 w177 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws0\">Holding type<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c6 y2824 w178 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws0\">Nature of business<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2825 w179 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c7 y2825 w17a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c8 y2825 w17b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Intermediate parent company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2826 w17c hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments (Midco2) UK Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c9 y2826 w17a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ca y2826 w17d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Intermediate parent company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2827 w17c hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments (Midco3) UK Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c9 y2827 w17a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ca y2827 w17d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Intermediate parent company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2828 w17c hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments (Midco4) UK Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c9 y2828 w17a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ca y2828 w17d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Intermediate parent company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2829 w17e hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (MIDCO) LTD+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3cb y2829 w17f hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3cc y2829 w17b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Intermediate parent company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y282a w17c hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (Midco6) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c9 y282a w17a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ca y282a w17d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Intermediate parent company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y282b w17c hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (Midco7) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c9 y282b w17a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ca y282b w17d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Intermediate parent company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y282c w17c hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (Midco8) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c9 y282c w17a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ca y282c w17d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Intermediate parent company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y282d w17c heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (Midco9) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3c9 y282d w17a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ca y282d w17d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Intermediate parent company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y282e w180 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (Midco10) Limited*+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3cd y282e w17f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ce y282e w181 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Investment in Joint Venture<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y282f w182 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">SUPR Green Energy Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3cf y282f w17f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d0 y282f w183 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Energy provision company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2830 w184 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">SUPR Finco Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d1 y2830 w17f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Direct<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d2 y2830 w185 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Holding company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2831 w186 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO1) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d3 y2831 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d4 y2831 w188 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2832 w186 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO2) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d3 y2832 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d4 y2832 w188 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2833 w186 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO3) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d3 y2833 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d4 y2833 w188 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2834 w186 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO5) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d3 y2834 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d4 y2834 w188 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2835 w186 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO7) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d3 y2835 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d4 y2835 w188 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2836 w186 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO8) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d3 y2836 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d4 y2836 w188 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2837 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO10) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d5 y2837 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d6 y2837 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2838 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO11) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d5 y2838 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d6 y2838 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2839 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO12) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d5 y2839 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d6 y2839 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y283a w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO16) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d5 y283a w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d6 y283a w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y283b w18c heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO16a) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d7 y283b w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d8 y283b w188 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y283c w18d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO16b) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d9 y283c w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3da y283c w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y283d w18e heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO16c) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3db y283d w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3dc y283d w188 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y283e w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO17) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d5 y283e w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d6 y283e w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y283f w18f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">TPP Investments Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3dd y283f w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3de y283f w188 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2840 w190 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">T (Partnership) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3df y2840 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e0 y2840 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2841 w191 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">The TBL Property Partnership<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e1 y2841 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e2 y2841 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3c4 y2842 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO19) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d5 y2842 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3d6 y2842 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2843 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO20) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2843 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2843 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2844 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO21) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2844 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2844 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2845 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO22) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2845 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2845 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2846 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO23) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2846 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2846 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2775 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO24) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2775 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2775 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276c w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO25) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y276c w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y276c w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276d w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO26) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y276d w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y276d w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2847 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO27) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2847 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2847 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276f w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO29) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y276f w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y276f w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2770 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO30) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2770 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2770 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2771 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO31) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2771 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2771 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2772 w189 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO32) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2772 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2772 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w189 h10f\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO33) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2665 w18a h10f\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2665 w18b h10f\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr></table><table class=\"s w192 h110\" id=\"_14894ee9-fe57-46d1-872a-4e7e9ac419a4\"><tr><td class=\"c n x3e6 y2849 w176 hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws0\">Company name<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e7 y2849 w177 hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws0\">Holding type<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e8 y2849 w178 hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws0\">Nature of business<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3e6 y282d w189 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO34) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e9 y282d w18a he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ea y282d w18b he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3e6 y284a w193 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO35) Limited^-<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3eb y284a w187 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ec y284a w18b he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3e6 y282f w189 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO36) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e9 y282f w18a he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ea y282f w18b he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x3e6 y284b w189 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO37) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e9 y284b w18a he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ea y284b w18b he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2831 w189 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO38) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2831 w18a he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2831 w18b he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y284c w193 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO39) Limited^-<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ed y284c w187 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ee y284c w18b he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2833 w189 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO40) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2833 w18a he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2833 w18b he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2834 w189 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO41) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2834 w18a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2834 w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y284d w189 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO42) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y284d w18a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y284d w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2836 w189 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO44) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y2836 w18a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y2836 w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y284e w189 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO45) Limited+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e3 y284e w18a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3e4 y284e w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2838 w186 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO49) Limited<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3ef y2838 w187 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f0 y2838 w188 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y284f w194 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO52) Limited*+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f1 y284f w187 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f2 y284f w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y283a w194 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO53) Limited*+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f1 y283a w187 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f2 y283a w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y283b w194 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (NO54) Limited*+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f1 y283b w187 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f2 y283b w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2850 w195 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">The Brookmaker Unit Trust^-<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f3 y2850 w187 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f4 y2850 w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y283d w196 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Brookmaker Limited Partnership#<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f5 y283d w187 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f6 y283d w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2851 w197 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Brookmaker (GP) Limited#<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f7 y2851 w187 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f8 y2851 w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y283f w198 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Brookmaker (Nominee) Limited#<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f9 y283f w187 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fa y283f w188 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2852 w199 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Horner REIT^-<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f7 y2852 w187 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f8 y2852 w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2841 w19a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments France 1\u201d\u00a8<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fb y2841 w18a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fc y2841 w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2853 w19a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments France 2\u201d\u00a8<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fb y2853 w18a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fc y2853 w18b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2843 w19a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments France 3\u201d\u00a8<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fb y2843 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fc y2843 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2844 w19a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments France 4\u201d\u00a8<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fb y2844 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fc y2844 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2854 w19a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments France 5\u201d\u00a8<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fb y2854 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fc y2854 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2846 w19a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments France 6\u201d\u00a8<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fb y2846 w18a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fc y2846 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2855 w19b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments France 7\u201d*\u00a8<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fd y2855 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fe y2855 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276c w19b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments France 8\u201d*\u00a8<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fd y276c w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fe y276c w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2856 w19b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments France 9\u201d*\u00a8<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fd y2856 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3fe y2856 w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2847 w19c heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No1) LTD+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f7 y2847 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f8 y2847 w185 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Holding company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276f w19c heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No2) LTD+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f7 y276f w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f8 y276f w18b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Property investment<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2857 w19c heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No3) LTD+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f7 y2857 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f8 y2857 w185 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Holding company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2771 w19c heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No4) LTD+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f7 y2771 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f8 y2771 w185 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Holding company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2711 w19c heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No5) LTD+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f7 y2711 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f8 y2711 w185 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Holding company<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w19c heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No6) LTD+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f7 y2665 w187 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Indirect<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3f8 y2665 w185 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Holding company<span class=\"_ _2aa\"> </span></div></td></tr></table>* New subsidiaries incorporated during the year ended <span class=\"_ gs248\"> </span> June <span class=\"_ gs249\"> </span>** Subsidiaries acquired during the year ended <span class=\"_ gs248\"> </span> June <span class=\"_ gs249\"> </span>^ Jersey registered entity<span class=\"_ _2aa\"> </span>\u201c France registered entity<span class=\"_ _2aa\"> </span>+ Registered office: <span class=\"_ gs24e\"> </span>rd Floor, <span class=\"_ gs24f\"> </span> Bishops Square, London, E<span class=\"_ gs1f5\"> </span> <span class=\"_ gs250\"> </span>EG<span class=\"_ _2aa\"> </span>- Registered office: <span class=\"_ gs24e\"> </span>rd Floor, Gaspe House, <span class=\"_ gs1ec\"> </span>-<span class=\"_ gs252\"> </span> Esplanade, St Helier, Jersey, JE<span class=\"_ gs1f5\"> </span> <span class=\"_ gs253\"> </span>LH<span class=\"_ _2aa\"> </span># Registered office: <span class=\"_ gs255\"> </span>th Floor <span class=\"_ gs1f5\"> </span> Fleet Place, London, United Kingdom, EC<span class=\"_ gs256\"> </span>M <span class=\"_ gs257\"> </span>RA<span class=\"_ _2aa\"> </span>\u00a8 Registered office: Tour Pacific, <span class=\"_ gs259\"> </span>-<span class=\"_ gs25a\"> </span> Cours Valmy, <span class=\"_ gs25b\"> </span> Paris La D\u00e9fense Cedex<span class=\"_ _2aa\"> </span>The following subsidiaries will be exempt from the requirements of the Companies Act 2006 relating to the audit of individual <span class=\"ls1\"> </span>accounts by virtue of Section 479A of that Act.<span class=\"_ _2aa\"> </span><table class=\"s w19d h111\" id=\"_10e26644-877c-49c4-8c29-85963e677b03\"><tr><td></td><td class=\"t m0 x3ff h1f y2858 ff52 fs8 fc1 sc0 ls22 ws0\">Companies House<span class=\"ls1\"> </span></td></tr><tr><td class=\"t m0 x1cf h1f y2859 ff52 fs8 fc1 sc0 ls22 ws0\">Company name<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x400 h1f y2859 ff52 fs8 fc1 sc0 ls22 ws0\">Registration Number<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2844 w19e he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (MIDCO) LTD<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x401 y2844 w19f he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">12473355<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2845 w1a0 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">SUPR Green Energy Limited<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x402 y2845 w1a1 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">12892076<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2846 w1a2 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No1) LTD<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x401 y2846 w19f he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">12475261<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2775 w1a2 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No2) LTD<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x401 y2775 w19f he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">12475599<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276c w1a2 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No3) LTD<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x401 y276c w19f hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">12478141<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276d w1a2 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No4) LTD<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x401 y276d w19f hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">12604032<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276e w1a2 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No5) LTD<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x401 y276e w19f hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">12605175<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276f w1a2 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">SII UK Halliwell (No6) LTD<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x401 y276f w19f hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">12606144<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2770 w1a3 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">SUPR Finco Limited<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x402 y2770 w1a1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">14292760<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2771 w1a4 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (Midco8) Limited<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x403 y2771 w1a1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">15576317<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2772 w1a5 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (No49) Limited<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x402 y2772 w1a1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">15592845<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1a6 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (Midco 9) Limited<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x401 y2665 w19f hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">15977428<span class=\"_ _2aa\"> </span></div></td></tr></table>16. Investment in Joint Venture<span class=\"_ _2aa\"> </span>As at 30 June 2025 the Group has one joint venture investment. On the 16 May 2025, the Group entered into a joint venture agreement with Blue Owl. The JV was seeded by the Group with eight of the Group\u2019s portfolio assets valued at \u00a3403.3 million being transferred into a new joint venture structure summarised below. Blue Owl then purchased 50% of the net assets for a consideration of \u00a3200.4 million.<span class=\"_ _2aa\"> </span>Due to the joint control of the arrangement between the Group and Blue Owl, this is deemed to be a joint venture under IFRS 11.<span class=\"_ _2aa\"> </span>The structure contained loans due from the property bearing Companies to the partners totalling \u00a3215.6 million, of which 50% of these were purchased by Blue Owl on their purchase of the joint venture structure.<span class=\"_ _2aa\"> </span>In June 2025, the Joint Venture completed a new \u00a3215 million secured term loan, through a banking syndicate comprising Barclays, HSBC, ING and SMBC. The interest-only Facility has a maturity of three years, with two further one-year extension options at the lenders\u2019 discretion. The facility was priced at a margin of 1.50% above SONIA and hedged at an all in rate of 5.10%.<span class=\"_ _2aa\"> </span>The facility was drawn post year end and used to repay \u00a3189.5 million of the above JV partner loans; the Group\u2019s share being \u00a394.8 million of the \u00a3108.4 million receivable from the Joint Venture as disclosed in note 18.<span class=\"_ _2aa\"> </span>The Group also earns a management fee of 0.6% per annum for the ongoing management of Blue Owl\u2019s interest in the JV. During the year the Group earnt \u00a3304,980 in management fees.<span class=\"_ _2aa\"> </span>The joint venture ownership structure is summarised below:<span class=\"_ _2aa\"> </span><table class=\"s w1a7 h112\" id=\"_05b45c40-214c-491e-92ea-52d3fb56dfba\"><tr><td class=\"c n x1aa y285a w1a8 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws1a\">Entity<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x404 y285a w1a9 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws1a\">Partner<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x405 y285a w1aa hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws0\">Address and principal place of business<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x406 y285a w1ab hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws1a\">Ownership<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h2e y285b ff52 fs14 fc1 sc0 ls23 ws1b\">Jersey<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y285c w1ac heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Arthur JV Limited<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x407 y285c w1ad heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Arthur UK Holdco Limited<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x408 y285c w1ae heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">22 Grenville Street, St Helier, Jersey, JE4 8PX<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x409 y285c w1af heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">50% owned by the Group<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y285d w1b0 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Arthur Midco Limited<span class=\"_ _2aa\"> </span></div></td><td></td><td class=\"c n x40a y285d w1b1 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">22 Grenville Street, St Helier, Jersey, JE4 8PX<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x40b y285d w1b2 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">100% owned by<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x40c h20 y285e ff51 fs14 fc1 sc0 ls23 ws0\">Arthur JV Limited<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"t m0 x1cf h20 y285f ff51 fs14 fc1 sc0 ls23 ws0\">The Huddersfield <span class=\"ls1\"> </span></td><td></td><td class=\"t m0 x40d h20 y285f ff51 fs14 fc1 sc0 ls23 ws0\">Royal Chambers, St Julian\u2019s Avenue, <span class=\"ls1\"> </span></td><td class=\"t m0 x40c h20 y285f ff51 fs14 fc1 sc0 ls23 ws0\">100% owned by <span class=\"ls1\"> </span></td></tr><tr><td class=\"t m0 x1cf h20 y2860 ff51 fs14 fc1 sc0 ls23 ws0\">Unit Trust<span class=\"_ _2aa\"> </span></td><td></td><td class=\"t m0 x40d h20 y2860 ff51 fs14 fc1 sc0 ls23 ws0\">St Peter Port, Guernsey, GY1 4HP<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x40c h20 y2861 ff51 fs14 fc1 sc0 ls23 ws0\">Arthur Midco Limited<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"t m0 x1cf h2e y2862 ff52 fs14 fc1 sc0 ls23 ws0\">United Kingdom<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y2863 ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (No4) Limited<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y2864 ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (No6) Limited<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2865 w1b3 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (No9) Limited<span class=\"_ _2aa\"> </span></div></td><td></td><td class=\"c n x40e y2865 w1b4 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">3rd Floor, 10 Bishops Square, London, E1 6EG<span class=\"_ _2aa\"> </span></div></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y2866 ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (No28) Limited<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2867 w1a5 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (No43) Limited<span class=\"_ _2aa\"> </span></div></td><td></td><td></td><td class=\"c n x40f y2867 w1b5 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">100% owned by<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x40c h20 y2868 ff51 fs14 fc1 sc0 ls23 ws0\">Arthur Midco Limited<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"t m0 x1cf h20 y2869 ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (No47) Limited<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y286a ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (No48) Limited<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y286b ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (No50) Limited<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y286c ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (No51) Limited<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y286d ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments Nominee Co.1 Limited<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y286e ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments Nominee Co.2 Limited<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr></table><table class=\"s w1b6 hf6\" id=\"_6174c2b2-bd92-4087-9ce1-2110acb6fac4\"><tr><td></td><td class=\"t m0 x410 h1f y286f ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x411 h1f y2870 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025<span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x412 h1f y2871 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y272a w1b7 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Opening balance<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x413 y272a w3d he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w181 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Investment in Joint Venture<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x414 y271b w32 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">95,016<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w1b8 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Group\u2019s share of profit after tax<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x415 y2690 w27 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,540<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1b9 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Closing balance<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x414 y2665 w32 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">96,556<span class=\"_ _2aa\"> </span></div></td></tr></table>The joint venture entities have a 31 December year end. For accounting purposes consolidated management accounts have been prepared for the joint venture for the period from acquisition to 30 June 2025 using accounting policies that are consistent with those of the Group.<span class=\"_ _2aa\"> </span>Arthur JV Limited\u2019s share of the aggregate amounts recognised in the consolidated statement of comprehensive income and consolidated statement of financial position of the Structure are as follows:<span class=\"_ _2aa\"> </span><table class=\"s w1ba h113\" id=\"_53f376e0-37c9-49df-8213-c4ad9663dc85\"><tr><td></td><td class=\"t m0 x410 h1f y2872 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x411 h1f y2873 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025<span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x412 h1f y2874 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2875 w1bb heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Net Rental income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x416 y2875 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">3,613<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2876 w2e heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Administrative and other expenses<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x417 y2876 w87 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(361)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2877 w1bc heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Change in fair value of investment properties<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x418 y2877 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,022<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2878 w41 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Operating profit<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x415 y2878 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">4,274<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2879 w43 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Finance income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x419 y2879 w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">22<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y287a w44 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Finance expense<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x41a y287a w2a heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(1,217)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2705 w1bd heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Profit before taxation<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x416 y2705 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">3,079<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2706 w1be heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Tax charge for the period<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x413 y2706 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w1bf heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Profit for the period<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x41b y2690 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">3,079<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1c0 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Group\u2019s share of JV\u2019s profit for the period<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x41c y2665 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,540<span class=\"_ _2aa\"> </span></div></td></tr></table><table class=\"s w1b6 h114\" id=\"_8f243f48-952b-4c94-ac0a-ef56008600be\"><tr><td></td><td class=\"t m0 x410 h1f y287b ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x411 h1f y287c ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025<span class=\"ls1\"> </span></td></tr><tr><td class=\"t m0 x1e1 h2e y287d ff52 fs14 fc1 sc0 ls23 ws0\">Non-current assets<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x412 h1f y287e ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y287f w53 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Investment properties<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x41d y287f w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">404,700<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2880 w5b heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total non-current assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x41e y2880 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">404,700<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h2e y2881 ff52 fs14 fc1 sc0 ls23 ws0\">Current assets<span class=\"_ _2aa\"> </span></td><td></td></tr><tr><td class=\"c n x1aa y2882 w5d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Cash and cash equivalents<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x41f y2882 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,311<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2883 w5e heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total current assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x41f y2883 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,311<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2884 w5f heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x41e y2884 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">416,011<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h2e y2885 ff52 fs14 fc1 sc0 ls23 ws0\">Non-current liabilities<span class=\"_ _2aa\"> </span></td><td></td></tr><tr><td class=\"c n x1aa y2886 w66 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Deferred rental income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x416 y2886 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">5,865<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27b1 w1c1 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Loans due to JV partners<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x41e y27b1 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">216,845<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2887 w62 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Trade and other payables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x416 y2887 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">4,460<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y287a w64 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total non-current liabilities<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x420 y287a w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">227,170<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y268f w68 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total liabilities<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x41e y268f w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">227,170<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w69 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Net assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x421 y2690 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">188,841<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1c2 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Group\u2019s share of the JV\u2019s net assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x414 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">94,421</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-337": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs261\">16. Investment in Joint Venture<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs262\">As at 30 June 2025 the Group has one joint venture investment. On the 16 May 2025, the Group entered into a joint venture agreement </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs263\">with Blue Owl. The JV was seeded by the Group with eight of the Group\u2019s portfolio assets valued at \u00a3403.3 million being transferred </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs264\">into a new joint venture structure summarised below. Blue Owl then purchased 50% of the net assets for a consideration of </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs265\">\u00a3200.4 million.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs266\">Due to the joint control of the arrangement between the Group and Blue Owl, this is deemed to be a joint venture under IFRS 11.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs267\">The structure contained loans due from the property bearing Companies to the partners totalling \u00a3215.6 million, of which 50% of </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs268\">these were purchased by Blue Owl on their purchase of the joint venture structure.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs269\">In June 2025, the Joint Venture completed a new \u00a3215 million secured term loan, through a banking syndicate comprising Barclays, </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs26a\">HSBC, ING and SMBC. The interest-only Facility has a maturity of three years, with two further one-year extension options at the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs26b\">lenders\u2019 discretion. The facility was priced at a margin of 1.50% above SONIA and hedged at an all in rate of 5.10%.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs26c\">The facility was drawn post year end and used to repay \u00a3189.5 million of the above JV partner loans; the Group\u2019s share being </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs26d\">\u00a394.8 million of the \u00a3108.4 million receivable from the Joint Venture as disclosed in note 18.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs26e\">The Group also earns a management fee of 0.6% per annum for the ongoing management of Blue Owl\u2019s interest in the JV. During the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs26f\">year the Group earnt \u00a3304,980 in management fees.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs270\">The joint venture ownership structure is summarised below:<span class=\"_ _2aa\"> </span></div><div class=\"gs271\"><table class=\"s w1a7 h112\" id=\"_05b45c40-214c-491e-92ea-52d3fb56dfba\"><tr><td class=\"c n x1aa y285a w1a8 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws1a\">Entity<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x404 y285a w1a9 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws1a\">Partner<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x405 y285a w1aa hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws0\">Address and principal place of business<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x406 y285a w1ab hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws1a\">Ownership<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h2e y285b ff52 fs14 fc1 sc0 ls23 ws1b\">Jersey<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y285c w1ac heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Arthur JV Limited<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x407 y285c w1ad heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Arthur UK Holdco Limited<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x408 y285c w1ae heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">22 Grenville Street, St Helier, Jersey, JE4 8PX<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x409 y285c w1af heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">50% owned by the Group<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y285d w1b0 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Arthur Midco Limited<span class=\"_ _2aa\"> </span></div></td><td></td><td class=\"c n x40a y285d w1b1 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">22 Grenville Street, St Helier, Jersey, JE4 8PX<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x40b y285d w1b2 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">100% owned by<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x40c h20 y285e ff51 fs14 fc1 sc0 ls23 ws0\">Arthur JV Limited<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"t m0 x1cf h20 y285f ff51 fs14 fc1 sc0 ls23 ws0\">The Huddersfield <span class=\"ls1\"> </span></td><td></td><td class=\"t m0 x40d h20 y285f ff51 fs14 fc1 sc0 ls23 ws0\">Royal Chambers, St Julian\u2019s Avenue, <span class=\"ls1\"> </span></td><td class=\"t m0 x40c h20 y285f ff51 fs14 fc1 sc0 ls23 ws0\">100% owned by <span class=\"ls1\"> </span></td></tr><tr><td class=\"t m0 x1cf h20 y2860 ff51 fs14 fc1 sc0 ls23 ws0\">Unit Trust<span class=\"_ _2aa\"> </span></td><td></td><td class=\"t m0 x40d h20 y2860 ff51 fs14 fc1 sc0 ls23 ws0\">St Peter Port, Guernsey, GY1 4HP<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x40c h20 y2861 ff51 fs14 fc1 sc0 ls23 ws0\">Arthur Midco Limited<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"t m0 x1cf h2e y2862 ff52 fs14 fc1 sc0 ls23 ws0\">United Kingdom<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y2863 ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (No4) Limited<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y2864 ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (No6) Limited<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2865 w1b3 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (No9) Limited<span class=\"_ _2aa\"> </span></div></td><td></td><td class=\"c n x40e y2865 w1b4 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">3rd Floor, 10 Bishops Square, London, E1 6EG<span class=\"_ _2aa\"> </span></div></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y2866 ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (No28) Limited<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2867 w1a5 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (No43) Limited<span class=\"_ _2aa\"> </span></div></td><td></td><td></td><td class=\"c n x40f y2867 w1b5 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">100% owned by<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x40c h20 y2868 ff51 fs14 fc1 sc0 ls23 ws0\">Arthur Midco Limited<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"t m0 x1cf h20 y2869 ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (No47) Limited<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y286a ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (No48) Limited<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y286b ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (No50) Limited<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y286c ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments UK (No51) Limited<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y286d ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments Nominee Co.1 Limited<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y286e ff51 fs14 fc1 sc0 ls23 ws0\">Supermarket Income Investments Nominee Co.2 Limited<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td></tr></table></div><div class=\"gs246\"><table class=\"s w1b6 hf6\" id=\"_6174c2b2-bd92-4087-9ce1-2110acb6fac4\"><tr><td></td><td class=\"t m0 x410 h1f y286f ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x411 h1f y2870 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025<span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x412 h1f y2871 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y272a w1b7 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Opening balance<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x413 y272a w3d he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w181 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Investment in Joint Venture<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x414 y271b w32 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">95,016<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w1b8 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Group\u2019s share of profit after tax<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x415 y2690 w27 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,540<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1b9 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Closing balance<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x414 y2665 w32 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">96,556<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs273\">The joint venture entities have a 31 December year end. For accounting purposes consolidated management accounts have been </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs274\">prepared for the joint venture for the period from acquisition to 30 June 2025 using accounting policies that are consistent with those </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs275\">of the Group.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs276\">Arthur JV Limited\u2019s share of the aggregate amounts recognised in the consolidated statement of comprehensive income and </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs277\">consolidated statement of financial position of the Structure are as follows:<span class=\"_ _2aa\"> </span></div><div class=\"gs278\"><table class=\"s w1ba h113\" id=\"_53f376e0-37c9-49df-8213-c4ad9663dc85\"><tr><td></td><td class=\"t m0 x410 h1f y2872 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x411 h1f y2873 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025<span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x412 h1f y2874 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2875 w1bb heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Net Rental income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x416 y2875 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">3,613<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2876 w2e heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Administrative and other expenses<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x417 y2876 w87 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(361)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2877 w1bc heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Change in fair value of investment properties<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x418 y2877 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,022<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2878 w41 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Operating profit<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x415 y2878 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">4,274<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2879 w43 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Finance income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x419 y2879 w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">22<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y287a w44 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Finance expense<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x41a y287a w2a heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(1,217)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2705 w1bd heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Profit before taxation<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x416 y2705 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">3,079<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2706 w1be heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Tax charge for the period<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x413 y2706 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w1bf heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Profit for the period<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x41b y2690 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">3,079<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1c0 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Group\u2019s share of JV\u2019s profit for the period<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x41c y2665 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,540<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"gs279\"><table class=\"s w1b6 h114\" id=\"_8f243f48-952b-4c94-ac0a-ef56008600be\"><tr><td></td><td class=\"t m0 x410 h1f y287b ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x411 h1f y287c ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025<span class=\"ls1\"> </span></td></tr><tr><td class=\"t m0 x1e1 h2e y287d ff52 fs14 fc1 sc0 ls23 ws0\">Non-current assets<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x412 h1f y287e ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y287f w53 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Investment properties<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x41d y287f w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">404,700<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2880 w5b heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total non-current assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x41e y2880 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">404,700<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h2e y2881 ff52 fs14 fc1 sc0 ls23 ws0\">Current assets<span class=\"_ _2aa\"> </span></td><td></td></tr><tr><td class=\"c n x1aa y2882 w5d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Cash and cash equivalents<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x41f y2882 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,311<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2883 w5e heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total current assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x41f y2883 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,311<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2884 w5f heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x41e y2884 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">416,011<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h2e y2885 ff52 fs14 fc1 sc0 ls23 ws0\">Non-current liabilities<span class=\"_ _2aa\"> </span></td><td></td></tr><tr><td class=\"c n x1aa y2886 w66 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Deferred rental income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x416 y2886 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">5,865<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27b1 w1c1 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Loans due to JV partners<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x41e y27b1 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">216,845<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2887 w62 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Trade and other payables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x416 y2887 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">4,460<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y287a w64 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total non-current liabilities<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x420 y287a w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">227,170<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y268f w68 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total liabilities<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x41e y268f w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">227,170<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w69 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Net assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x421 y2690 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">188,841<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1c2 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Group\u2019s share of the JV\u2019s net assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x414 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">94,421</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-338": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs27b\">17. Financial assets held at amortised cost<span class=\"_ _2aa\"> </span></div><div class=\"gs17f\"><table class=\"s w1c3 hf6\" id=\"_ecc95035-48e6-4784-a702-1438cd34392e\"><tr><td></td><td class=\"t m0 x1a2 h1f y286f ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y2888 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2870 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2889 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y2871 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1a8 he y288a ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y272a w1c4 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">At start of year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y272a w32 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,023<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y272a w42 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">10,819<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w1c5 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest income recognised in profit and loss (note 10)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f4 y271b w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">502<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f5 y271b w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">494<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w1c6 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Lease payments received during the period<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2b0 y2690 w87 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(290)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x339 y2690 w81 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(290)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1c7 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">At end of period<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x422 y2665 w32 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,235<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x423 y2665 w32 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,023<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs27c\">On 8 June 2022, the Group acquired an Asda store in Carcroft, via a sale and leaseback transaction for \u00a310.6 million, this has been </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs27d\">recognised in the Statement of Financial Position as a Financial asset in accordance with IFRS 9. The financial asset is measured using </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs27e\">the amortised cost model, which recognises the rental payments as financial income and reductions of the asset value based on the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs27f\">implicit interest rate in the lease. As at 30 June 2025 the market value of the property was estimated at \u00a37,280,000 (2024: \u00a37,530,000). </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs280\">Assets held at amortised cost are assessed annually for impairment with any impairment recognised as an allowance for expected </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs281\">credit losses measured at an amount equal to the lifetime expected credit losses. The Group considers historic, current and </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs282\">forward-looking information to determine expected credit losses arising from either a change in the interest rate implicit in the lease </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs283\">or factors impacting the customer\u2019s ability to make lease payments. Based on the information currently available the Group does not </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs284\">expect any credit losses and the asset has not been impaired in the period. </div><div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs29c\">21. Interest rate derivatives<span class=\"_ _2aa\"> </span></div><div class=\"gs29d\"><table class=\"s w1cf hfc\" id=\"_da609f0e-4e87-4bab-bc18-3063fe519dbc\"><tr><td></td><td class=\"t m0 x1da h1f y289e ff52 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td><td class=\"t m0 x1db he y289f ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y28a0 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y28a1 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1df h1f y28a2 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1e0 he y28a3 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2805 w1d7 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Non-current asset: Interest rate swaps<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x430 y2805 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,580<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x431 y2805 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">12,499<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 w1d8 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Non-current asset: Interest rate caps<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x432 y2737 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">553<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x433 y2737 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">3,242<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2723 w1d9 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Current Asset: Interest rate swaps<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y2723 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">5,705<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2723 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">13,456<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w1da heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Current Asset: Interest rate cap<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x434 y2690 w3f heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,386<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x435 y2690 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">2,252<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td class=\"c n x436 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,224<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x437 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">31,449<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs29e\">The rate swaps are remeasured to fair value by the counterparty bank on a quarterly basis.<span class=\"_ _2aa\"> </span></div><div class=\"gs29f\"><table class=\"s w1db h117\" id=\"_65af3424-42fb-4490-9686-8e49dc96fe46\"><tr><td></td><td class=\"t m0 x2a3 h1f y28a4 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x2a4 he y28a5 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y28a6 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y28a7 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td class=\"t m0 x1e1 h2e y28a8 ff52 fs14 fc1 sc0 ls23 ws0\">The fair value at the end of year comprises:<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1df h1f y28a9 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1e0 he y28aa ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y279f w1dc heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">At start of year (net)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y279f w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">31,449<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y279f w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">57,583<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28ab w1dd heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest rate derivative premium paid on inception<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y28ab w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,169<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y28ab w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">47,494<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2750 w1de heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Disposal of interest rate derivatives<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x438 y2750 w2a heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(3,249)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x439 y2750 w30 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(40,612)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y273f w1df heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Accrued Interest<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f5 y273f w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,237<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x43a y273f w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2740 w1e0 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Changes in fair value of interest rate derivative in the year (P&amp;L)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x203 y2740 w4c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(375)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c8 y2740 w4a heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(8,782)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 w1e1 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Changes in fair value of interest rate derivative in the year (OCI)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ad y2737 w2a heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(1,539)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ce y2737 w2b heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(1,456)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w1e2 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Credit to the income statement (P&amp;L) (note 10)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x43b y271b w3c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(18,468)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x43c y271b w30 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(22,469)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w1e3 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Credit to the income statement (OCI) (note 10)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c2 y2690 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x43d y2690 w80 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(309)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1e4 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Fair value at end of year (net)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,224<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">31,449<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2a0\">To partially mitigate the interest rate risk that arises as a result of entering into the floating rate debt facilities referred to in note 22, </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2a1\">the Group has entered into derivative interest rate swaps and caps.<span class=\"_ _2aa\"> </span></div>A summary of these derivatives as at 30 June 2025 are shown in the table below:<span class=\"_ _2aa\"> </span><table class=\"s w1e5 h118\" id=\"_33db5d5f-efef-4277-9883-0bea8fdc6555\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x26e h1f y28ac ff52 fs8 fc1 sc0 ls22 ws0\">Mark to Market </td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x43e h1f y28ad ff52 fs8 fc1 sc0 ls22 ws0\">Notional amount </td><td class=\"t m0 x43f h1f y28ad ff52 fs8 fc1 sc0 ls22 ws0\">Premium Paid </td><td class=\"t m0 x440 h1f y28ae ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 <span class=\"ls1\"> </span></td><td class=\"t m0 x441 h1f y28ae ff52 fs8 fc1 sc0 ls22 ws0\">Average Strike </td><td></td><td></td></tr><tr><td class=\"c n x1aa y28af w1e6 hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws1a\">Issuer<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x442 y28af w1e7 hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws0\">Derivative Type<span class=\"_ _2aa\"> </span></div></td><td class=\"t m0 x443 h1f y28b0 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3m<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x444 h1f y28b0 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3m<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x3b9 h1f y28b1 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3m<span class=\"_ _2aa\"> </span></td><td class=\"c n x445 y28b2 w1e8 hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws1a\">Rate^<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x446 y28b2 w1e9 hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws0\">Effective Date<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x447 y28b2 w1ea hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws0\">Maturity Date<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27db w1eb he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">SMBC<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x448 y27db w1ec he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest Rate Swap<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x449 y27db wf1 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a367.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x44a y27db w172 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a36.5<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x44b y27db w1ed he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a31.7<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x44c y27db w1ee he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">2.06%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x44d y27db w1ef he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Sep-23<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x44e y27db w1ef he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Sep-26<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28b3 w1f0 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Barclays<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x44f y28b3 w1f1 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest Rate Cap<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x450 y28b3 wf1 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a396.6<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x451 y28b3 w172 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a32.9<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x452 y28b3 w172 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.7<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x453 y28b3 w1ee he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.40%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3a6 y28b3 w1f2 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Aug-24<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x454 y28b3 w1f3 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Jul-25<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28b4 w1eb he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">SMBC<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x448 y28b4 w1f1 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest Rate Cap<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x455 y28b4 wf1 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a396.6<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x456 y28b4 w172 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a31.4<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x457 y28b4 w172 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a31.2<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x458 y28b4 w1ee he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.40%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x459 y28b4 w1f3 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Jul-25<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x45a y28b4 w1f4 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Jan-26<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28b5 w1f5 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Wells Fargo<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x45b y28b5 w1ec hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest Rate Swap<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x45c y28b5 w1f6 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3204.3<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x45d y28b5 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a322.2<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x45e y28b5 w172 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a36.3<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x45f y28b5 wf8 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">2.27%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x460 y28b5 w1ef hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Sep-23<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x461 y28b5 w1f3 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Jul-27<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28b6 w1f5 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Wells Fargo<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x462 y28b6 w1ec hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest Rate Swap<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x463 y28b6 w172 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a33.2<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x464 y28b6 w1ed hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.4<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x465 y28b6 w1ed hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.1<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x466 y28b6 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">0.00%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x467 y28b6 w1f7 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Feb -24<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x468 y28b6 w1f3 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Jul-27<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28b7 w1eb hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">SMBC<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x448 y28b7 w1f1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest Rate Cap<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x469 y28b7 w172 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a33.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x46a y28b7 w172 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.4<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x46b y28b7 w1ed hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.2<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x46c y28b7 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.82%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x46d y28b7 w1f8 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Nov-23<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x46e y28b7 w1f9 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Jun-27<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28b8 w1eb hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">SMBC<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x448 y28b8 w1ec hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest Rate Swap<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x46f y28b8 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a337.5<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x470 y28b8 w172 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.6<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x471 y28b8 w1ed hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.1<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x472 y28b8 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3.61%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x473 y28b8 w1fa hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Mar-24<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x474 y28b8 w1ef hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Sep-26<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y26b6 w1f0 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Barclays<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x44f y26b6 w1f1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest Rate Cap<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x450 y26b6 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a390.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x451 y26b6 w172 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a31.2<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x452 y26b6 w172 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.9<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x453 y26b6 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3.45%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c0 y26b6 w1fb hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">May-25<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x475 y26b6 w1fc hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Apr-28<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1fd heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">Total<span class=\"_ _2aa\"> </span></div></td><td></td><td></td><td class=\"c n x476 y2665 w1fe heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a335.6<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x477 y2665 we9 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a311.2<span class=\"_ _2aa\"> </span></div></td><td></td><td></td><td></td></tr></table>^ The remaining average strike rate from <span class=\"_ gs1f5\"> </span> July <span class=\"_ gs249\"> </span> to maturity.<span class=\"_ _2aa\"> </span>99.8% of the Group\u2019s outstanding debt as at 30 June 2025 was hedged through the use of fixed rate debt or financial instruments (30 June 2024: 90%). It is the Group\u2019s target to hedge at least 50% of the Group\u2019s total debt at any time using fixed rate loans or interest rate derivatives.<span class=\"_ _2aa\"> </span>The Group restructured its derivatives during the year to match the changes in its borrowings, the movements in the Group\u2019s fair value derivatives are recognised in the profit and loss. There was one derivative terminated in the year that hedged the Wells Fargo facility and was accounted for under hedge accounting; on derecognition of hedge accounting, the cash flow hedge reserve is recycled to the profit and loss over the remaining term of the Wells Fargo facility.<span class=\"_ _2aa\"> </span>The derivatives have been valued in accordance with IFRS 13 by reference to interbank bid market rates as at the close of business on the last working day prior to each balance sheet date. The fair values are calculated using the present values of future cash flows, based on market forecasts of interest rates and adjusted for the credit risk of the counterparties. The amounts and timing of future cash flows are projected on the basis of the contractual terms.<span class=\"_ _2aa\"> </span>All interest rate derivatives are classified as level 2 in the fair value hierarchy as defined under IFRS 13 and there were no transfers to or from other levels of the fair value hierarchy during the year.<span class=\"_ _2aa\"> </span>22. Bank borrowings<span class=\"_ _2aa\"> </span><table class=\"s w1ff h119\" id=\"_90517bb2-b624-496f-b840-09ff7d746f45\"><tr><td></td><td class=\"t m0 x424 h1f y28b9 ff52 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td><td class=\"t m0 x218 he y28ba ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y28bb ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y28bc ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td class=\"t m0 x1cf h2e y28bd ff52 fs14 fc1 sc0 ls23 ws0\">Amounts falling due within one year:<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y28be ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1a8 he y28bf ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y28c0 w200 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Secured debt<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c2 y28c0 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x478 y28c0 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">96,560<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y265e w201 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Less: Unamortised finance costs<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x479 y265e w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x47a y265e w155 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(44)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y265f w202 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Bank borrowings per the consolidated statement of financial position<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x321 y265f w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x47b y265f w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">96,516<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h2e y28c1 ff52 fs14 fc1 sc0 ls23 ws0\">Amounts falling due after more than one year:<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1aa y26d4 w200 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Secured debt<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c2 y26d4 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c3 y26d4 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">186,225<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28c2 w203 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Unsecured debt<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b3 y28c2 w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">606,986<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b4 y28c2 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">414,981<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y268f w201 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Less: Unamortised finance costs<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x47c y268f w2a heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(3,384)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x47d y268f w2b heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(3,554)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w202 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Bank borrowings per the consolidated statement of financial position<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x47e y2690 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">603,602<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x47f y2690 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">597,652<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w204 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total bank borrowings<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f0 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">603,602<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2e5 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">694,168<span class=\"_ _2aa\"> </span></div></td></tr></table><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2b6\">A summary of the Group\u2019s borrowing facilities as at 30 June 2025 are shown below:<span class=\"_ _2aa\"> </span></div><div class=\"gs2a4\"><table class=\"s w205 h11a\" id=\"_6fbfa86f-e94f-45f8-9d14-a773f8b2ecf6\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x303 h1f y28c3 ff52 fs8 fc1 sc0 ls22 ws1a\">Loan </td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x480 h1f y28c4 ff52 fs8 fc1 sc0 ls22 ws1a\">Credit<span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x481 h1f y28c4 ff52 fs8 fc1 sc0 ls22 ws1a\">Variable/ <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x482 h1f y28c4 ff52 fs8 fc1 sc0 ls22 ws0\">Total cost of </td><td class=\"t m0 x483 h1f y28c5 ff52 fs8 fc1 sc0 ls22 ws1a\">commitment<span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x411 h1f y28c5 ff52 fs8 fc1 sc0 ls22 ws0\">Amount drawn<span class=\"ls1\"> </span></td></tr><tr><td class=\"c n x1aa y28c6 w206 hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws1a\">Lender<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x484 y28c6 w207 hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws1a\">Facility<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x485 y28c6 w208 hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws1a\">Expiry<span class=\"_ _2aa\"> </span></div></td><td class=\"t m0 x480 h1f y28c7 ff52 fs8 fc1 sc0 ls22 ws1a\">Margin<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x481 h1f y28c7 ff52 fs8 fc1 sc0 ls22 ws1a\">hedged^<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x486 h1f y28c7 ff52 fs8 fc1 sc0 ls22 ws1a\">debt<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1df h1f y28c8 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3m<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x487 h1f y28c8 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 \u00a3m<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y28c9 w209 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">HSBC<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x488 y28c9 w20a he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Revolving credit facility<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x489 y28c9 w20b he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Sep 2026<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x48a y28c9 w1ee he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.70%<span class=\"_ _2aa\"> </span></div></td><td class=\"c x48c y28c9 w20c he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">4.22%</div><div class=\"t m0 x48b h21 y27da ff51 fs15 fc1 sc0 ls1 ws0\">*<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x48d y28c9 w1ee he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">5.92%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x48e y28c9 wf1 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a375.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x48f y28c9 w20d he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3-<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c x1aa y28ca w20e he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">ING</div><div class=\"t m0 x490 h21 y27b5 ff51 fs15 fc1 sc0 ls1 ws0\">+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x491 y28ca w20f he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Term Loan<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x492 y28ca w210 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">July 2027<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x493 y28ca w211 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.55%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x494 y28ca w1ee he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3.15%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x495 y28ca w1ee he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">4.70%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x496 y28ca wf1 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a375.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x497 y28ca wf1 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a375.0<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x498 h20 y28cb ff51 fs14 fc1 sc0 ls23 ws0\">Revolving credit </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1aa y28cc w20e hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">ING</div><div class=\"t m0 x490 h21 y27b5 ff51 fs15 fc1 sc0 ls1 ws0\">+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x491 y28cd w212 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">facility \u2013 Hedged<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x499 y28cd w213 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">July 2027<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x49a y28cd w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.55%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x49b y28cd w211 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3.15%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x49c y28cd w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">4.70%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x49d y28cd wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a321.6<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x49e y28cd wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a321.6<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x498 h20 y28ce ff51 fs14 fc1 sc0 ls23 ws0\">Revolving credit </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1aa y28cf w20e hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">ING</div><div class=\"t m0 x490 h21 y27b5 ff51 fs15 fc1 sc0 ls1 ws0\">+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x491 y28d0 w214 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">facility \u2013 Unhedged<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x49f y28d0 w213 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">July 2027<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4a0 y28d0 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.55%<span class=\"_ _2aa\"> </span></div></td><td class=\"c x4a2 y28d0 w215 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">4.22%</div><div class=\"t m0 x4a1 h21 y27da ff51 fs15 fc1 sc0 ls1 ws0\">*<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x48d y28d0 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">5.77%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4a3 y28d0 w172 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a33.4<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4a4 y28d0 w172 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.9<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28d1 w216 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Syndicate<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4a5 y28d1 w20a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Revolving credit facility<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4a6 y28d1 w210 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">July 2027<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4a7 y28d1 w211 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.50%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4a8 y28d1 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">2.23%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4a9 y28d1 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3.73%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4aa y28d1 w217 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3250.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ab y28d1 w217 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3210.5<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28d2 w1eb hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">SMBC<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ac y28d2 w218 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Term Loan<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ad y28d2 w20b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Sep 2026<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ae y28d2 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.40%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4af y28d2 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">2.06%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b0 y28d2 wf8 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3.46%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b1 y28d2 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a367.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b2 y28d2 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a367.0<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28d3 w1eb hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">SMBC<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ac y28d3 w218 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Term Loan<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ad y28d3 w20b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Sep 2026<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ae y28d3 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.55%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4af y28d3 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3.61%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b0 y28d3 wf8 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">5.16%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b1 y28d3 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a337.5<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b2 y28d3 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a337.5<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h20 y28d4 ff51 fs14 fc1 sc0 ls23 ws1b\">Private <span class=\"ls1 ws0\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1aa y28d6 w219 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Placement</div><div class=\"t m0 x4b3 h21 y27b5 ff51 fs15 fc1 sc0 ls1 ws0\">+<span class=\"_ _2aa\"> </span></div><div class=\"t m0 x4b4 h20 y28d5 ff51 fs8 fc1 sc0 ls1 ws0\">\u201c<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b5 y28d7 w21a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Note<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b6 y28d7 w210 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">July 2031<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b7 y28d7 w211 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.72%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b8 y28d7 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">2.72%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b9 y28d7 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">4.44%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ba y28d7 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a371.1<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4bb y28d7 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a371.1<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h20 y28d8 ff51 fs14 fc1 sc0 ls23 ws1b\">Private <span class=\"ls1 ws0\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1aa y28b8 w219 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Placement</div><div class=\"t m0 x4b3 h21 y27b5 ff51 fs15 fc1 sc0 ls1 ws0\">+<span class=\"_ _2aa\"> </span></div><div class=\"t m0 x4b4 h20 y26ac ff51 fs8 fc1 sc0 ls1 ws0\">\u201c<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b5 y28b8 w21a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Note<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b6 y28b8 w21b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Feb 2032<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4bc y28b8 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.68%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4bd y28b8 w211 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">2.42%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4be y28b8 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">4.10%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4bf y28b8 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a333.4<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4c0 y28b8 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a333.4<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c x1aa y26b6 w21c hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Barclays</div><div class=\"t m0 x4c1 h21 y27b5 ff51 fs15 fc1 sc0 ls1 ws0\">+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4c2 y26b6 w20f hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Term Loan<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4c3 y26b6 w21d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Apr 2028<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4c4 y26b6 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.55%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4c5 y26b6 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3.45%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4c6 y26b6 wf8 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">5.00%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4c7 y26b6 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a390.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4c8 y26b6 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a390.0<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1fd heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">Total<span class=\"_ _2aa\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x4c9 y2665 w21e heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a3724.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ca y2665 w21e heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a3607.0<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs2b7\">* SONIA rate as at <span class=\"_ gs248\"> </span> June <span class=\"_ gs249\"> </span></div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs2b8\">^ Average rate from <span class=\"_ gs1f5\"> </span> July <span class=\"_ gs249\"> </span> to expiry of the debt excluding extension options.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs2b9\">\u201c Drawn in Euro\u2019s and converted at the year-end rate<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h21 ff51 fs15 fc1 sc0 ls1 ws0 gs2ba\">+</div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs2bb\"> The new facilities completed during the year were the completion of the two private placement facilities, the ING facilities and the Barclays facility.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2bc\">During the year the Group the following facilities matured or were repaid early:<span class=\"_ _2aa\"> </span></div><div class=\"gs2bd\"><table class=\"s w21f h11b\" id=\"_c3da33ac-fc8f-4381-8565-6a4ba6859f69\"><tr><td></td><td></td><td></td><td class=\"t m0 x2a4 h1f y28d9 ff52 fs8 fc1 sc0 ls22 ws1a\">Loan<span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x411 h1f y28da ff52 fs8 fc1 sc0 ls22 ws1a\">commitment<span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"c n x1aa y28db w206 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws1a\">Lender<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4cb y28db w220 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws1a\">Facility<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4cc y28db w208 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws1a\">Expiry<span class=\"_ _2aa\"> </span></div></td><td class=\"t m0 x1db h1f y28dc ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3m<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y28b5 w221 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Deka<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4cd y28b5 w20f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Term Loan<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ce y28b5 w222 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Aug 2024<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4cf y28b5 wf1 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a396.6<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28dd w223 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">BLB<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4cd y28dd w20f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Term Loan<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ce y28dd w224 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Mar 2026<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x415 y28dd wf1 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a386.9<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28de w1f5 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Wells Fargo<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4d0 y28de w20a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Revolving credit facility<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4d1 y28de w225 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Jul 2025<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4d2 y28de wf1 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a339.0<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28b8 w216 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Syndicate<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4d3 y28b8 w20f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Term Loan<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4d4 y28b8 w226 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Jul 2025<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4d5 y28b8 wf1 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a350.0<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y26b6 w216 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Syndicate<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4d3 y26b6 w20f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Term Loan<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4d6 y26b6 w225 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Jul 2026<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4d7 y26b6 wf1 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a350.0<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1fd heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">Total<span class=\"_ _2aa\"> </span></div></td><td></td><td></td><td class=\"c n x4d8 y2665 w21e heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a3322.5<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2be\">The Group has been in compliance with all of the financial covenants across the Group\u2019s bank facilities as applicable throughout the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2bf\">periods covered by these financial statements.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2c0\">Any associated fees in arranging the bank borrowings that are unamortised as at the end of the year are offset against amounts drawn </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2c1\">under the facility as shown in the table above. Part of the debt is secured by charges over the Group\u2019s investment properties and by </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2c2\">charges over the shares of certain Group undertakings, not including the Company itself. There have been no defaults of breaches of </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2c3\">any loan covenants during the current year or any prior period.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2c4\">The Group\u2019s borrowings carried at amortised cost are considered to be approximate to their fair value, with the exception of the <span class=\"ls1\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2c5\">Private Placements. As at 30 June 2025 the fair value of \u00a3104.5 million of private placement notes issued was \u00a3105.3 million.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2c6\">Post year end, the Group completed its debut bond issuance with a \u00a3250 million sterling-denominated senior unsecured bond with </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2c7\">a term of 6 years. The bond bears a coupon of 5.125%.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs2d1\">24. Categories of financial instruments<span class=\"_ _2aa\"> </span></div><div class=\"gs29d\"><table class=\"s w1c8 h109\" id=\"_326b8078-58c0-4196-b222-d13d1f16728a\"><tr><td></td><td class=\"t m0 x424 h1f y28e5 ff52 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td><td class=\"t m0 x218 he y28e6 ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y28e7 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y28e8 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y28e9 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1a8 he y28ea ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"t m0 x1cf h2e y28eb ff52 fs14 fc1 sc0 ls23 ws0\">Financial assets<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y28ec ff53 fs14 fc1 sc0 ls23 ws0\">Financial assets at amortised cost:<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1aa y28ed w22c heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Financial asset arising from sale and leaseback transaction<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y28ed w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,235<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y28ed w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">11,023<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28ee w5d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Cash and cash equivalents<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4df y28ee w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">95,281<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e0 y28ee w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">38,691<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28ef w5c heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Trade and other receivables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e1 y28ef w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">118,148<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e2 y28ef w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">11,023<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h20 y28f0 ff53 fs14 fc1 sc0 ls23 ws0\">Financial assets at fair value:<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1aa y28f1 w22d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest rate derivative<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1cd y28f1 w36 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,224<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2b1 y28f1 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">31,449<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28f2 w22e heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total financial assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e3 y28f2 w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">235,888<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e4 y28f2 w36 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">92,186<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h2e y28f3 ff52 fs14 fc1 sc0 ls23 ws0\">Financial liabilities<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y28f4 ff53 fs14 fc1 sc0 ls23 ws0\">Financial liabilities at amortised cost:<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2737 w200 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Secured debt<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x321 y2737 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e5 y2737 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">281,635<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2723 w203 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Unsecured debt<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b3 y2723 w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">603,602<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b4 y2723 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">412,533<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w22f heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Trade and other payables (note 20)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e6 y2690 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">20,730<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e7 y2690 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">18,634<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w230 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total financial liabilities<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f0 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">624,332<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2e5 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">712,802<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2d2\">At the year end, all financial assets and liabilities were measured at amortised cost except for the interest rate derivatives which are </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2d3\">measured at fair value. The interest rate derivative valuation is classified as \u2018level 2\u2019 in the fair value hierarchy as defined in IFRS 13 </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2d4\">and its fair value was calculated using the present values of future cash flows, based on market forecasts of interest rates and </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2d5\">adjusted for the credit risk of the counterparties. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2d6\">The carrying value of the financial assets and liabilities at amortised cost approximate their fair value with the exception of the Private </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2d7\">Placements. As at 30 June 2025 the fair value of \u00a3104.5 million of private placement notes issued was \u00a3105.3 million.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs2d8\">Financial risk management </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2d9\">Through the Group\u2019s operations and use of debt financing it is exposed to certain risks. The Group\u2019s financial risk management </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2da\">objective is to minimise the effect of these risks, for example by using interest rate cap and interest rate swap derivatives to partially </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2db\">mitigate exposure to fluctuations in interest rates, as described in note 21. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2dc\">The exposure to each financial risk considered potentially material to the Group, how it arises and the policy for managing it is </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2dd\">summarised below.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs2de\">Market risk - Interest rate risk<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2df\">Market risk is defined as the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2e0\">market prices. The Group\u2019s market risk arises from open positions in interest bearing assets and liabilities, to the extent that these are </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gsb5\">exposed to general and specific market movements.<span class=\"_ _2aa\"> </span> </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2e2\">The Group\u2019s interest-bearing financial instruments comprise cash and cash equivalents and bank borrowings. 99.8% of the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2e3\">borrowings are hedged and therefore at a fixed rate. Changes in market interest rates therefore effects the value of the derivatives for </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2e4\">the hedged debt and for the unhedged portion it affects the Group\u2019s finance income and costs. The Group\u2019s sensitivity to changes in </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2e5\">interest rates, calculated on the basis of a ten-basis point increase in the three-month SONIA daily rate/ EURIBOR, was as follows:<span class=\"_ _2aa\"> </span></div><div class=\"gs2e6\"><table class=\"s wc1 h11d\" id=\"_19f9a396-55f3-4b9c-92ef-6bd5806addac\"><tr><td></td><td class=\"t m0 x2a3 h1f y28f5 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x2a4 he y28f6 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y28f7 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y28f8 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1df h1f y28f9 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1e0 he y28fa ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2690 w231 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Increase in profit<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e8 y2690 w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">727<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e9 y2690 w63 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,187<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w232 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Effect on other comprehensive income and equity<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ea y2665 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x43a y2665 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2e7\">Trade and other receivables and payables are interest free as long as they are paid in accordance with their terms, and have payment </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2e8\">terms of less than one year, so it is assumed that there is no material market risk associated with these financial instruments.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2e9\">Loans to joint ventures within trade and other receivables are at a fixed percentage rate so no material market risk associated with </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2ea\">these financial instruments.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs2eb\">Market risk - currency risk<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2ec\">The Group prepares its financial statements in Sterling. 6% of the Group\u2019s Investment Properties are denominated in Euros and </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2ed\">as a result the Group is subject to foreign currency exchange risk. This risk is partially hedged because within the Group\u2019s French </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2ee\">operations, rental income, interest costs and the majority of both assets and liabilities are Euro denominated. An unhedged currency </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2ef\">risk remains on the value of the Group\u2019s net investment in, and net returns from, its French operations.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2f0\">The Group\u2019s sensitivity to changes in foreign currency exchange rates, calculated on a 10% increase in average and closing Sterling </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2f1\">rates against the Euro, was as follows, with a 10% decrease having the opposite effect:<span class=\"_ _2aa\"> </span></div><div class=\"gs2f2\"><table class=\"s w227 h116\" id=\"_16f925cd-8a08-46ed-8cb0-362a1aa11b16\"><tr><td></td><td class=\"t m0 x2a3 h1f y28fb ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x2a4 he y28fc ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y28fd ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y28fe ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1df h1f y28ff ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1e0 he y2900 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2690 w233 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Decrease in net assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4eb y2690 w87 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(615)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ec y2690 w81 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(580)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w234 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Increase in profit/(loss) for the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ed y2665 w87 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(614)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4de y2665 w80 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(584)<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs2f3\">Market risk - inflation<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2f4\">Inflation risk arises from the impact of inflation on the Group\u2019s income and expenditure. The majority of the Group\u2019s passing rent at </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2f5\">30 June 2025 is subject to inflation-linked rent reviews. Consequently, the Group is exposed to movements in the Retail Prices Index </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2f6\">(\u201cRPI\u201d), which is the relevant inflation benchmark. However, all UK inflation-linked provisions provide those rents will only be subject </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2f7\">to upwards review with an average cap of 4% and never downwards. As a result, 94% of the Group's income is not exposed to a fall </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2f8\">in rent in deflationary conditions. The Group's French assets are subject to uncapped rent reviews, both upwards and downwards, </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2f9\">however only represent 6% of the Group's rent roll. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2fa\">The Group does not expect inflation risk to have a material effect on the Group\u2019s administrative expenses.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs2fb\">Credit risk </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2fc\">Credit risk is the risk of financial loss to the Group if a counterparty fails to meet its contractual obligations. The principal </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2fd\">counterparties are the Group\u2019s tenants (in respect of rent receivables arising under operating leases) and banks (as holders of the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2fe\">Group\u2019s cash deposits). </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2ff\">The credit risk of rent receivables is considered low because the counterparties to the operating leases are considered by the Board </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs300\">to be high-quality tenants and any lease guarantors are of appropriate financial strength. Rent collection dates and statistics are </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs301\">monitored to identify any problems at an early stage, and if necessary rigorous credit control procedures will be applied to facilitate </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs302\">the recovery of rent receivables. The credit risk on cash deposits is limited because the counterparties are banks with credit ratings </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs303\">which are acceptable to the Board and are kept under review each quarter.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs304\">Liquidity risk </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs305\">Liquidity risk arises from the Group\u2019s management of working capital and the finance costs and principal repayments on its secured </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs306\">debt. It is the risk that the Group will not be able to meet its financial obligations as they fall due.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs307\">The Group seeks to manage its liquidity risk by ensuring that sufficient cash is available to meet its foreseeable needs. These liquidity </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs308\">needs are relatively modest and are capable of being satisfied by the surplus available after rental receipts have been applied in </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs309\">payment of interest as required by the credit agreement relating to the Group\u2019s secured debt. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs30a\">Before entering into any financing arrangements, the Board assesses the resources that are expected to be available to the Group to </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs30b\">meet its liabilities when they fall due. These assessments are made on the basis of both base case and downside scenarios. The Group </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs30c\">prepares detailed management accounts which are reviewed by the Board at least quarterly to assess ongoing liquidity requirements </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs30d\">and compliance with loan covenants. The Board also keeps under review the maturity profile of the Group\u2019s cash deposits in order to </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs30e\">have reasonable assurance that cash will be available for the settlement of liabilities when they fall due.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs310\">The following table shows the maturity analysis for financial assets and liabilities. The table has been drawn up based on the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs311\">undiscounted cash flows of non-derivative financial instruments, including future interest payments, based on the earliest date </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs312\">on which the Group can be required to pay and assuming that the SONIA daily and EURIBOR rate remains at the 30 June 2025 rate. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs313\">Interest rate derivatives are shown at fair value and not at their gross undiscounted amounts as they are not materially different.<span class=\"_ _2aa\"> </span></div><div class=\"gs2e6\"><table class=\"s w235 h11e\" id=\"_17202ac8-b702-45ee-b3d9-8326147c0b42\"><tr><td></td><td class=\"t m0 x4ee h1f y2901 ff52 fs8 fc1 sc0 ls22 ws0\">Less than <span class=\"ls1\"> </span></td><td class=\"t m0 x3b4 h1f y2902 ff52 fs8 fc1 sc0 ls22 ws0\">One to <span class=\"ls1\"> </span></td><td class=\"t m0 x4ef h1f y2903 ff52 fs8 fc1 sc0 ls22 ws0\">Two to <span class=\"ls1\"> </span></td><td class=\"t m0 x4f0 h1f y2904 ff52 fs8 fc1 sc0 ls22 ws0\">More than <span class=\"ls1\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4f1 h1f y2905 ff52 fs8 fc1 sc0 ls22 ws0\">one year <span class=\"ls1\"> </span></td><td class=\"t m0 x4f2 h1f y2906 ff52 fs8 fc1 sc0 ls22 ws0\">two years <span class=\"ls1\"> </span></td><td class=\"t m0 x4f3 h1f y2907 ff52 fs8 fc1 sc0 ls22 ws0\">five years <span class=\"ls1\"> </span></td><td class=\"t m0 x3b6 h1f y2908 ff52 fs8 fc1 sc0 ls22 ws0\">five years <span class=\"ls1\"> </span></td><td class=\"t m0 x218 h1f y2908 ff52 fs8 fc1 sc0 ls22 ws1a\">Total<span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x1cf h1f y2909 ff52 fs8 fc1 sc0 ls22 ws0\">As at 30 June 2025<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x4f4 h1f y290a ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x4f5 h1f y290b ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x370 h1f y290c ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y290d ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 h1f y290d ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"t m0 x1cf h2e y290e ff52 fs14 fc1 sc0 ls23 ws0\">Financial assets:<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y290f w5d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Cash and cash equivalents<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f6 y290f w8a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">95,281<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f7 y290f w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f8 y290f w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f9 y290f w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fa y290f w33 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">95,281<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2910 w5c hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Trade and other receivables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fb y2910 w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">118,148<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f7 y2910 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f8 y2910 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f9 y2910 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fc y2910 w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">118,148<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2911 w57 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Financial asset at amortised cost<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fd y2911 w39 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">290<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fe y2911 w236 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">290<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ff y2911 w39 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">984<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x500 y2911 w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">74,274<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x501 y2911 w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">75,838<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2912 w58 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest rate derivatives<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x502 y2912 w63 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">8,091<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x503 y2912 w8b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3,046<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x504 y2912 w35 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">87<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x385 y2912 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x505 y2912 w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">11,224<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2913 w22e heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total financial assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x506 y2913 w7b heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">221,810<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x507 y2913 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">3,336<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x508 y2913 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,071<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x509 y2913 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">74,274<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31d y2913 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">300,491<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h2e y2914 ff52 fs14 fc1 sc0 ls23 ws0\">Financial liabilities:<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2915 w61 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Bank borrowings<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x50a y2915 w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">25,867<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x50b y2915 w237 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">126,977<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x50c y2915 w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">415,627<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x50d y2915 w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">110,108<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x50e y2915 w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">678,579<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2916 w62 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Trade and other payables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x50f y2916 w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">20,730<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x510 y2916 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x511 y2916 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x512 y2916 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x513 y2916 w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">20,730<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w230 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total financial liabilities<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x514 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">46,597<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x515 y2665 w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">126,977<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x516 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">415,627<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x517 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">110,108<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x518 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">699,309<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"gs314\"><table class=\"s w238 h11f\" id=\"_ef3b3a50-c92b-466f-a3a8-1fbb6aa9a2e5\"><tr><td></td><td class=\"t m0 x519 he y2917 ff51 fs8 fc1 sc0 ls22 ws0\">Less than <span class=\"ls1\"> </span></td><td class=\"t m0 x3b4 he y2918 ff51 fs8 fc1 sc0 ls22 ws0\">One to <span class=\"ls1\"> </span></td><td class=\"t m0 x4ef he y2919 ff51 fs8 fc1 sc0 ls22 ws0\">Two to <span class=\"ls1\"> </span></td><td class=\"t m0 x4f0 he y291a ff51 fs8 fc1 sc0 ls22 ws0\">More than <span class=\"ls1\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4f1 he y291b ff51 fs8 fc1 sc0 ls22 ws0\">one year <span class=\"ls1\"> </span></td><td class=\"t m0 x4f2 he y291c ff51 fs8 fc1 sc0 ls22 ws0\">two years <span class=\"ls1\"> </span></td><td class=\"t m0 x51a he y291d ff51 fs8 fc1 sc0 ls22 ws0\">five years <span class=\"ls1\"> </span></td><td class=\"t m0 x3b6 he y291e ff51 fs8 fc1 sc0 ls22 ws0\">five years <span class=\"ls1\"> </span></td><td class=\"t m0 x218 he y291e ff51 fs8 fc1 sc0 ls22 ws1a\">Total<span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x1cf he y291f ff51 fs8 fc1 sc0 ls22 ws0\">As at 30 June 2024<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x51b he y2920 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x4f5 he y2921 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x370 he y2922 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 he y2923 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y2923 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"t m0 x1cf h2e y2924 ff52 fs14 fc1 sc0 ls23 ws0\">Financial assets:<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y290f w5d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Cash and cash equivalents<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f6 y290f w8a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">38,691<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f7 y290f w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f8 y290f w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f9 y290f w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fa y290f w33 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">38,691<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2910 w5c heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Trade and other receivables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f6 y2910 w8a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">11,023<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f7 y2910 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f8 y2910 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f9 y2910 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fa y2910 w33 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">11,023<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2911 w57 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Financial asset at amortised cost<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fd y2911 w39 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">290<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fe y2911 w236 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">290<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ff y2911 w39 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">946<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x500 y2911 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">74,602<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x501 y2911 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">76,128<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2912 w58 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Interest rate derivatives<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x51c y2912 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">15,708<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x51d y2912 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">12,209<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x51e y2912 w63 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">3,532<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x51f y2912 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x520 y2912 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">31,449<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2913 w22e heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total financial assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x521 y2913 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">65,712<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x522 y2913 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">12,499<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x523 y2913 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">4,478<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x524 y2913 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">74,602<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x525 y2913 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">157,291<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h2e y2925 ff52 fs14 fc1 sc0 ls23 ws0\">Financial liabilities:<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2915 w61 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Bank borrowings<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fb y2915 w25 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">119,810<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x526 y2915 w239 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">186,374<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x527 y2915 w25 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">443,364<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x30d y2915 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1ad y2915 w25 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">749,548<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y26b6 w62 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Trade and other payables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x50f y26b6 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">17,589<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x510 y26b6 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x511 y26b6 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x528 y26b6 w63 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">1,045<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x529 y26b6 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">18,634<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w230 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total financial liabilities<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x52a y2665 w7b heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">137,399<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x52b y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">186,374<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x52c y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">443,364<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x52d y2665 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,045<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x52e y2665 w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">768,182<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs315\">Capital risk management<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs316\">The Board\u2019s primary objective when monitoring capital is to preserve the Group\u2019s ability to continue as a going concern, while <span class=\"ls1\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs317\">ensuring it remains within its debt covenants so as to safeguard secured assets and avoid financial penalties. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs318\">Bank borrowings on secured facilities are secured on the Group\u2019s property portfolio by way of fixed charges over property assets <span class=\"ls1\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs319\">and over the shares in the property-owning subsidiaries and any intermediary holding companies of those subsidiaries. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs31a\">At 30 June 2025, the capital structure of the Group consisted of bank borrowings (note 22), cash and cash equivalents, and equity </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs31b\">attributable to the Shareholders of the Company (comprising share capital, retained earnings and the other reserves referred to in </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs31c\">notes 25 to 27). </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs31d\">In managing the Group\u2019s capital structure, the Board considers the Group\u2019s cost of capital. In order to maintain or adjust the capital </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs31e\">structure, the Group keeps under review the amount of any dividends or other returns to Shareholders and monitors the extent to </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs31f\">which the issue of new shares or the realisation of assets may be required.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs321\">Reconciliation of financial liabilities relating to financing activities<span class=\"_ _2aa\"> </span></div><div class=\"gs322\"><table class=\"s w23a h120\" id=\"_e4acffb3-bb31-4d52-bf2e-9683f3c94456\"><tr><td></td><td></td><td class=\"t m0 x52f h1f y2926 ff52 fs8 fc1 sc0 ls22 ws0\">Interest and </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x530 h1f y2927 ff52 fs8 fc1 sc0 ls22 ws0\">Total bank </td><td class=\"t m0 x531 h1f y2928 ff52 fs8 fc1 sc0 ls22 ws1a\">commitment </td><td class=\"t m0 x532 h1f y2929 ff52 fs8 fc1 sc0 ls22 ws0\">Interest rate </td><td></td></tr><tr><td></td><td class=\"t m0 x533 h1f y292a ff52 fs8 fc1 sc0 ls22 ws1a\">borrowings <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x531 h1f y292b ff52 fs8 fc1 sc0 ls22 ws0\">fees payable </td><td class=\"t m0 x534 h1f y292c ff52 fs8 fc1 sc0 ls22 ws1a\">derivatives <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x535 h1f y292c ff52 fs8 fc1 sc0 ls22 ws1a\">Total<span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m0 x536 h1f y292d ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x537 h1f y292e ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1df h1f y292f ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1e0 h1f y292f ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2930 w79 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">As at 1 July 2024<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x538 y2930 w2d he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">694,168<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x310 y2930 w27 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">8,137<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x539 y2930 w3c he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(31,449)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53a y2930 w24 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">670,856<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h20 y2931 ff51 fs14 fc1 sc0 ls23 ws0\">Cash flows:<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2932 w23b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Debt drawdowns in the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53b y2932 w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">371,305<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53c y2932 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53d y2932 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53e y2932 w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">371,305<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2933 w23c hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Debt repayments in the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53f y2933 wa0 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(463,635)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x540 y2933 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x541 y2933 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x542 y2933 wa0 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(463,635)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2934 w23d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest and commitment fees paid<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x543 y2934 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x544 y2934 w30 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(45,073)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x545 y2934 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x546 y2934 w30 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(45,073)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2935 wab hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Loan arrangement fees paid<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x547 y2935 w4a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(2,156)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x548 y2935 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x549 y2935 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54a y2935 w4a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(2,156)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2936 w23e hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest rate premium paid<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54b y2936 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54c y2936 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54d y2936 w4a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(1,169)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54e y2936 w4a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(1,169)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2937 w23f hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest rate derivative disposal<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54f y2937 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x550 y2937 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x551 y2937 w63 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3,249<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x552 y2937 w28 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3,249<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h20 y2938 ff51 fs14 fc1 sc0 ls23 ws0\">Non-cash movements:<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2939 w240 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Accrued interest in the period<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x553 y2939 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x554 y2939 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x555 y2939 w2b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(2,237)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ce y2939 w2b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(2,237)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y293a w241 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Finance costs in the statement of comprehensive income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x556 y293a w63 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">2,369<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x557 y293a w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">44,304<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x558 y293a w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">18,468<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x431 y293a w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">65,141<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y293b w242 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Finance income in the statement of comprehensive income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54b y293b w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54c y293b w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x559 y293b w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">18,468<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x55a y293b w33 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">18,468<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y293c w243 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Fair value changes<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x55b y293c w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x55c y293c w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x55d y293c w28 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1,914<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x55e y293c w63 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1,914<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y293d w4b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Foreign exchange movement<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x55f y293d w63 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1,551<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x560 y293d w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x561 y293d w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f3 y293d w63 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1,551<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y293e w85 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">As at 30 June 2025<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x562 y293e w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">603,602<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x563 y293e w3f heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">7,368<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x564 y293e w2f heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(11,224)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e5 y293e w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">599,746<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y293f w79 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">As at 1 July 2023<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x538 y293f w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">667,465<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x310 y293f w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">6,837<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x539 y293f w3c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(57,583)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53a y293f w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">616,719<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h20 y2940 ff51 fs14 fc1 sc0 ls23 ws0\">Cash flows:<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2941 w23b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Debt drawdowns in the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53b y2941 w25 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">217,560<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53c y2941 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53d y2941 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53e y2941 w25 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">217,560<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2942 w23c heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Debt repayments in the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53f y2942 wa0 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(191,077)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x540 y2942 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x541 y2942 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x542 y2942 wa0 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(191,077)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2943 w23d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Interest and commitment fees paid<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x543 y2943 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x544 y2943 w30 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(36,305)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x545 y2943 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x546 y2943 w30 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(36,305)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2944 wab heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Loan arrangement fees paid<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x547 y2944 w4a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(1,318)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x548 y2944 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x549 y2944 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54a y2944 w4a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(1,318)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2945 w23e heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Interest rate premium paid<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54b y2945 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54c y2945 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x565 y2945 w37 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(45,364)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x566 y2945 w30 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(45,364)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2946 w23f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Interest rate derivative disposal<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54f y2946 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x550 y2946 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x567 y2946 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">38,482<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x568 y2946 w33 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">38,482<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h20 y2947 ff51 fs14 fc1 sc0 ls23 ws0\">Non-cash movements:<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2948 w241 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Finance costs in the statement of comprehensive income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x556 y2948 w63 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">2,403<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x557 y2948 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">37,605<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x558 y2948 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">22,778<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x431 y2948 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">62,786<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27f6 w242 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Finance income in the statement of comprehensive income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54b y27f6 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54c y27f6 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x559 y27f6 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">22,778<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x55a y27f6 w33 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">22,778<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2915 w243 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Fair value changes<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x55b y2915 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x55c y2915 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x569 y2915 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">10,238<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x56a y2915 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">10,238<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y26b6 w4b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Foreign exchange movement<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x56b y26b6 w80 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(865)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x56c y26b6 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x56d y26b6 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x56e y26b6 w80 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(865)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w85 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">As at 30 June 2024<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x562 y2665 w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">694,168<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x563 y2665 w3f heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">8,137<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x564 y2665 w2f heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(31,449)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e5 y2665 w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">670,856<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs323\">The interest and commitment fees payable are included within the corporate accruals balance in note 20. Cash flow movements are </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs324\">included in the consolidated statement of cash flows and the non-cash movements are included in note 10. The movements in the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs325\">interest rate derivative financial liabilities can be found in note 21.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-370": {
   "value": "17. Financial assets held at amortised cost<span class=\"_ _2aa\"> </span><table class=\"s w1c3 hf6\" id=\"_ecc95035-48e6-4784-a702-1438cd34392e\"><tr><td></td><td class=\"t m0 x1a2 h1f y286f ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y2888 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2870 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2889 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y2871 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1a8 he y288a ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y272a w1c4 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">At start of year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y272a w32 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,023<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y272a w42 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">10,819<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w1c5 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest income recognised in profit and loss (note 10)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f4 y271b w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">502<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f5 y271b w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">494<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w1c6 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Lease payments received during the period<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2b0 y2690 w87 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(290)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x339 y2690 w81 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(290)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1c7 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">At end of period<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x422 y2665 w32 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,235<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x423 y2665 w32 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,023<span class=\"_ _2aa\"> </span></div></td></tr></table>On 8 June 2022, the Group acquired an Asda store in Carcroft, via a sale and leaseback transaction for \u00a310.6 million, this has been recognised in the Statement of Financial Position as a Financial asset in accordance with IFRS 9. The financial asset is measured using the amortised cost model, which recognises the rental payments as financial income and reductions of the asset value based on the implicit interest rate in the lease. As at 30 June 2025 the market value of the property was estimated at \u00a37,280,000 (2024: \u00a37,530,000). Assets held at amortised cost are assessed annually for impairment with any impairment recognised as an allowance for expected credit losses measured at an amount equal to the lifetime expected credit losses. The Group considers historic, current and forward-looking information to determine expected credit losses arising from either a change in the interest rate implicit in the lease or factors impacting the customer\u2019s ability to make lease payments. Based on the information currently available the Group does not expect any credit losses and the asset has not been impaired in the period. <table class=\"s w1c8 h109\" id=\"_326b8078-58c0-4196-b222-d13d1f16728a\"><tr><td></td><td class=\"t m0 x424 h1f y28e5 ff52 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td><td class=\"t m0 x218 he y28e6 ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y28e7 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y28e8 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y28e9 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1a8 he y28ea ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"t m0 x1cf h2e y28eb ff52 fs14 fc1 sc0 ls23 ws0\">Financial assets<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y28ec ff53 fs14 fc1 sc0 ls23 ws0\">Financial assets at amortised cost:<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1aa y28ed w22c heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Financial asset arising from sale and leaseback transaction<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y28ed w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,235<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y28ed w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">11,023<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28ee w5d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Cash and cash equivalents<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4df y28ee w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">95,281<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e0 y28ee w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">38,691<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28ef w5c heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Trade and other receivables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e1 y28ef w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">118,148<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e2 y28ef w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">11,023<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h20 y28f0 ff53 fs14 fc1 sc0 ls23 ws0\">Financial assets at fair value:<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1aa y28f1 w22d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest rate derivative<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1cd y28f1 w36 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,224<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2b1 y28f1 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">31,449<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28f2 w22e heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total financial assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e3 y28f2 w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">235,888<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e4 y28f2 w36 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">92,186<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h2e y28f3 ff52 fs14 fc1 sc0 ls23 ws0\">Financial liabilities<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y28f4 ff53 fs14 fc1 sc0 ls23 ws0\">Financial liabilities at amortised cost:<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2737 w200 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Secured debt<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x321 y2737 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e5 y2737 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">281,635<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2723 w203 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Unsecured debt<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b3 y2723 w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">603,602<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b4 y2723 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">412,533<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w22f heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Trade and other payables (note 20)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e6 y2690 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">20,730<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e7 y2690 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">18,634<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w230 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total financial liabilities<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f0 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">624,332<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2e5 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">712,802<span class=\"_ _2aa\"> </span></div></td></tr></table>At the year end, all financial assets and liabilities were measured at amortised cost except for the interest rate derivatives which are measured at fair value. The interest rate derivative valuation is classified as \u2018level 2\u2019 in the fair value hierarchy as defined in IFRS 13 and its fair value was calculated using the present values of future cash flows, based on market forecasts of interest rates and adjusted for the credit risk of the counterparties. The carrying value of the financial assets and liabilities at amortised cost approximate their fair value with the exception of the Private Placements. As at 30 June 2025 the fair value of \u00a3104.5 million of private placement notes issued was \u00a3105.3 million.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-339": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs286\">18. Trade and other receivables<span class=\"_ _2aa\"> </span></div><div class=\"gs287\"><table class=\"s w1c8 hfc\" id=\"_8d38fd0a-b905-4558-905e-222e77e28339\"><tr><td></td><td class=\"t m0 x424 h1f y288b ff52 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td><td class=\"t m0 x218 he y288c ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y288d ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y288e ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y288f ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1a8 he y2890 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2740 w1c9 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest receivable on settlement of derivatives<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x321 y2740 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x425 y2740 w28 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">4,946<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 w1ca heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Other receivables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x426 y2737 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">9,725<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x427 y2737 w28 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">6,077<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w1cb heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Loans due from joint venture<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b3 y271b w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">108,423<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1be y271b w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w1cc heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Prepayments and accrued income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f2 y2690 w3f heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,464<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x428 y2690 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">877<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1cd heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total trade and other receivables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f0 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">119,612<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f1 y2665 w36 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,900<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs288\">The Group applies the IFRS 9 simplified approach to measuring expected credit losses using a lifetime expected credit loss </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs289\">provision for trade receivables. To measure expected credit losses on a collective basis, trade receivables are grouped based on </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs28a\">similar credit risk and ageing. The expected loss rates are based on the Group\u2019s historical credit losses experienced over the period </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs28b\">from incorporation to 30 June 2025. The historical loss rates are then adjusted for current and forward-looking information on </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs28c\">macro-economic factors affecting the Group\u2019s customers. Both the expected credit loss provision and the incurred loss provision in </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs28d\">the current and prior year are immaterial. No reasonable possible changes in the assumptions underpinning the expected credit loss </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs28e\">provision would give rise to a material expected credit loss.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs28f\">The Directors consider that the carrying value of trade and other receivables measured at amortised cost approximate their fair value.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs290\">The receivable from Joint Venture relates to interest bearing loans to the Joint Venture at a market rate of interest. Post year end, </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs291\">\u00a395.7 million of these loans were repaid from proceeds from debt issued in the JV, the remaining loan is expected to be settled before </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs292\">30 June 2026. Within other receivables is \u00a32.4 million due to the Group from the Joint Venture relating to non-interest bearing working </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs293\">capital receivables.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-389": {
   "value": "18. Trade and other receivables<span class=\"_ _2aa\"> </span><table class=\"s w1c8 hfc\" id=\"_8d38fd0a-b905-4558-905e-222e77e28339\"><tr><td></td><td class=\"t m0 x424 h1f y288b ff52 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td><td class=\"t m0 x218 he y288c ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y288d ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y288e ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y288f ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1a8 he y2890 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2740 w1c9 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest receivable on settlement of derivatives<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x321 y2740 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x425 y2740 w28 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">4,946<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 w1ca heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Other receivables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x426 y2737 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">9,725<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x427 y2737 w28 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">6,077<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w1cb heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Loans due from joint venture<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b3 y271b w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">108,423<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1be y271b w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w1cc heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Prepayments and accrued income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f2 y2690 w3f heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,464<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x428 y2690 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">877<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1cd heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total trade and other receivables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f0 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">119,612<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f1 y2665 w36 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,900<span class=\"_ _2aa\"> </span></div></td></tr></table>The Group applies the IFRS 9 simplified approach to measuring expected credit losses using a lifetime expected credit loss provision for trade receivables. To measure expected credit losses on a collective basis, trade receivables are grouped based on similar credit risk and ageing. The expected loss rates are based on the Group\u2019s historical credit losses experienced over the period from incorporation to 30 June 2025. The historical loss rates are then adjusted for current and forward-looking information on macro-economic factors affecting the Group\u2019s customers. Both the expected credit loss provision and the incurred loss provision in the current and prior year are immaterial. No reasonable possible changes in the assumptions underpinning the expected credit loss provision would give rise to a material expected credit loss.<span class=\"_ _2aa\"> </span>The Directors consider that the carrying value of trade and other receivables measured at amortised cost approximate their fair value.<span class=\"_ _2aa\"> </span>The receivable from Joint Venture relates to interest bearing loans to the Joint Venture at a market rate of interest. Post year end, \u00a395.7 million of these loans were repaid from proceeds from debt issued in the JV, the remaining loan is expected to be settled before 30 June 2026. Within other receivables is \u00a32.4 million due to the Group from the Joint Venture relating to non-interest bearing working capital receivables.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-371": {
   "value": "<table class=\"s w1c8 hfc\" id=\"_8d38fd0a-b905-4558-905e-222e77e28339\"><tr><td></td><td class=\"t m0 x424 h1f y288b ff52 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td><td class=\"t m0 x218 he y288c ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y288d ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y288e ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y288f ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1a8 he y2890 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2740 w1c9 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest receivable on settlement of derivatives<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x321 y2740 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x425 y2740 w28 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">4,946<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 w1ca heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Other receivables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x426 y2737 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">9,725<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x427 y2737 w28 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">6,077<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w1cb heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Loans due from joint venture<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b3 y271b w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">108,423<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1be y271b w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w1cc heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Prepayments and accrued income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f2 y2690 w3f heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,464<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x428 y2690 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">877<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1cd heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total trade and other receivables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f0 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">119,612<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f1 y2665 w36 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,900<span class=\"_ _2aa\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-372": {
   "value": "The Group applies the IFRS 9 simplified approach to measuring expected credit losses using a lifetime expected credit loss provision for trade receivables. To measure expected credit losses on a collective basis, trade receivables are grouped based on similar credit risk and ageing. The expected loss rates are based on the Group\u2019s historical credit losses experienced over the period from incorporation to 30 June 2025. The historical loss rates are then adjusted for current and forward-looking information on macro-economic factors affecting the Group\u2019s customers. Both the expected credit loss provision and the incurred loss provision in the current and prior year are immaterial. No reasonable possible changes in the assumptions underpinning the expected credit loss provision would give rise to a material expected credit loss.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-340": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs295\">19. Cash and Cash Equivalents<span class=\"_ _2aa\"> </span></div><div class=\"gs18d\"><table class=\"s w1c8 h115\" id=\"_5e7e162d-16ae-4aeb-b0e3-79f760b1b4f1\"><tr><td></td><td class=\"t m0 x424 h1f y2891 ff52 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td><td class=\"t m0 x218 he y2892 ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2893 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2894 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y2895 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1a8 he y2896 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2690 w5d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Cash and cash equivalents<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2690 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">95,281<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2690 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">38,691<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1ce heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total cash and cash equivalents<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">95,281<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2665 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">38,691<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs296\">Included in cash and cash equivalents is an amount of \u00a354.1 million (2024: \u00a3nil) held in a client account by external legal counsel in </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs297\">advance of a potential acquisition, as well as \u00a33.0 million by the property agents (2024: \u00a32.8 million).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-341": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs299\">20. Trade and other payables<span class=\"_ _2aa\"> </span></div><div class=\"gs17f\"><table class=\"s w1cf h101\" id=\"_3d693de8-d8f1-481f-826c-3c035c4ea2e2\"><tr><td></td><td class=\"t m0 x1da h1f y2776 ff52 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td><td class=\"t m0 x1db he y2777 ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y2778 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y2779 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td class=\"t m0 x1e1 h2e y277a ff52 fs14 fc1 sc0 ls23 ws1b\">Current<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1df h1f y277b ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1e0 he y277c ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y277d w1d0 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Accrued interest payable<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y277d w27 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">7,225<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d2 y277d w63 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">8,072<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2740 w1d1 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Trade payables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x429 y2740 w3f he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">3,630<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42a y2740 w28 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">5,901<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 w1d2 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Withholding Tax<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42b y2737 w27 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,263<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42c y2737 w3d he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w1d3 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Other corporate accruals<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42d y271b w3f he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">5,940<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x202 y271b w63 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">3,615<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w1d4 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">VAT payable<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y2690 w27 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">3,585<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d2 y2690 w63 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">4,385<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1d5 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total trade and other payables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1cd y2665 w36 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">22,643<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2b1 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">21,973<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"gs1c0\"><table class=\"s w1cf h116\" id=\"_1de96f6d-e58c-49ff-a9e1-cde93a03bccb\"><tr><td></td><td class=\"t m0 x1da h1f y2897 ff52 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td><td class=\"t m0 x1db he y2898 ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y2899 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y289a ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td class=\"t m0 x1e1 h2e y289b ff52 fs14 fc1 sc0 ls23 ws1b\">Non-current<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1df h1f y289c ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1e0 he y289d ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2690 w1d6 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">Deposits<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42e y2690 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,672<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42f y2690 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,045<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1d5 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total trade and other payables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y2665 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,672<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d2 y2665 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,045<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs29a\">The Directors consider that the carrying value of trade and other payables measured at amortised cost approximate their fair value.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-405": {
   "value": "20. Trade and other payables<span class=\"_ _2aa\"> </span><table class=\"s w1cf h101\" id=\"_3d693de8-d8f1-481f-826c-3c035c4ea2e2\"><tr><td></td><td class=\"t m0 x1da h1f y2776 ff52 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td><td class=\"t m0 x1db he y2777 ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y2778 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y2779 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td class=\"t m0 x1e1 h2e y277a ff52 fs14 fc1 sc0 ls23 ws1b\">Current<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1df h1f y277b ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1e0 he y277c ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y277d w1d0 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Accrued interest payable<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y277d w27 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">7,225<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d2 y277d w63 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">8,072<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2740 w1d1 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Trade payables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x429 y2740 w3f he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">3,630<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42a y2740 w28 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">5,901<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 w1d2 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Withholding Tax<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42b y2737 w27 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,263<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42c y2737 w3d he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w1d3 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Other corporate accruals<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42d y271b w3f he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">5,940<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x202 y271b w63 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">3,615<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w1d4 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">VAT payable<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y2690 w27 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">3,585<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d2 y2690 w63 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">4,385<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1d5 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total trade and other payables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1cd y2665 w36 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">22,643<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2b1 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">21,973<span class=\"_ _2aa\"> </span></div></td></tr></table><table class=\"s w1cf h116\" id=\"_1de96f6d-e58c-49ff-a9e1-cde93a03bccb\"><tr><td></td><td class=\"t m0 x1da h1f y2897 ff52 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td><td class=\"t m0 x1db he y2898 ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y2899 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y289a ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td class=\"t m0 x1e1 h2e y289b ff52 fs14 fc1 sc0 ls23 ws1b\">Non-current<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1df h1f y289c ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1e0 he y289d ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2690 w1d6 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">Deposits<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42e y2690 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,672<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42f y2690 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,045<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1d5 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total trade and other payables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y2665 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,672<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d2 y2665 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,045<span class=\"_ _2aa\"> </span></div></td></tr></table>The Directors consider that the carrying value of trade and other payables measured at amortised cost approximate their fair value.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-373": {
   "value": "<table class=\"s w1cf h101\" id=\"_3d693de8-d8f1-481f-826c-3c035c4ea2e2\"><tr><td></td><td class=\"t m0 x1da h1f y2776 ff52 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td><td class=\"t m0 x1db he y2777 ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y2778 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y2779 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td class=\"t m0 x1e1 h2e y277a ff52 fs14 fc1 sc0 ls23 ws1b\">Current<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1df h1f y277b ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1e0 he y277c ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y277d w1d0 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Accrued interest payable<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y277d w27 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">7,225<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d2 y277d w63 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">8,072<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2740 w1d1 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Trade payables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x429 y2740 w3f he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">3,630<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42a y2740 w28 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">5,901<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 w1d2 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Withholding Tax<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42b y2737 w27 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,263<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42c y2737 w3d he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w1d3 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Other corporate accruals<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42d y271b w3f he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">5,940<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x202 y271b w63 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">3,615<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w1d4 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">VAT payable<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y2690 w27 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">3,585<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d2 y2690 w63 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">4,385<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1d5 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total trade and other payables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1cd y2665 w36 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">22,643<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2b1 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">21,973<span class=\"_ _2aa\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-390": {
   "value": "<table class=\"s w1cf h101\" id=\"_3d693de8-d8f1-481f-826c-3c035c4ea2e2\"><tr><td></td><td class=\"t m0 x1da h1f y2776 ff52 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td><td class=\"t m0 x1db he y2777 ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y2778 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y2779 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td class=\"t m0 x1e1 h2e y277a ff52 fs14 fc1 sc0 ls23 ws1b\">Current<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1df h1f y277b ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1e0 he y277c ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y277d w1d0 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Accrued interest payable<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y277d w27 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">7,225<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d2 y277d w63 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">8,072<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2740 w1d1 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Trade payables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x429 y2740 w3f he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">3,630<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42a y2740 w28 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">5,901<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 w1d2 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Withholding Tax<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42b y2737 w27 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,263<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42c y2737 w3d he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w1d3 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Other corporate accruals<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42d y271b w3f he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">5,940<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x202 y271b w63 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">3,615<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w1d4 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">VAT payable<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y2690 w27 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">3,585<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d2 y2690 w63 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">4,385<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1d5 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total trade and other payables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1cd y2665 w36 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">22,643<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2b1 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">21,973<span class=\"_ _2aa\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-391": {
   "value": "<table class=\"s w1cf h116\" id=\"_1de96f6d-e58c-49ff-a9e1-cde93a03bccb\"><tr><td></td><td class=\"t m0 x1da h1f y2897 ff52 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td><td class=\"t m0 x1db he y2898 ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y2899 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y289a ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td class=\"t m0 x1e1 h2e y289b ff52 fs14 fc1 sc0 ls23 ws1b\">Non-current<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1df h1f y289c ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1e0 he y289d ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2690 w1d6 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">Deposits<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42e y2690 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,672<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x42f y2690 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,045<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1d5 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total trade and other payables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y2665 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,672<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2d2 y2665 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,045<span class=\"_ _2aa\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-374": {
   "value": "21. Interest rate derivatives<span class=\"_ _2aa\"> </span><table class=\"s w1cf hfc\" id=\"_da609f0e-4e87-4bab-bc18-3063fe519dbc\"><tr><td></td><td class=\"t m0 x1da h1f y289e ff52 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td><td class=\"t m0 x1db he y289f ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y28a0 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y28a1 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1df h1f y28a2 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1e0 he y28a3 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2805 w1d7 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Non-current asset: Interest rate swaps<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x430 y2805 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,580<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x431 y2805 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">12,499<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 w1d8 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Non-current asset: Interest rate caps<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x432 y2737 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">553<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x433 y2737 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">3,242<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2723 w1d9 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Current Asset: Interest rate swaps<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y2723 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">5,705<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2723 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">13,456<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w1da heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Current Asset: Interest rate cap<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x434 y2690 w3f heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,386<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x435 y2690 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">2,252<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td class=\"c n x436 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,224<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x437 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">31,449<span class=\"_ _2aa\"> </span></div></td></tr></table>The rate swaps are remeasured to fair value by the counterparty bank on a quarterly basis.<span class=\"_ _2aa\"> </span><table class=\"s w1db h117\" id=\"_65af3424-42fb-4490-9686-8e49dc96fe46\"><tr><td></td><td class=\"t m0 x2a3 h1f y28a4 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x2a4 he y28a5 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y28a6 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y28a7 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td class=\"t m0 x1e1 h2e y28a8 ff52 fs14 fc1 sc0 ls23 ws0\">The fair value at the end of year comprises:<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1df h1f y28a9 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1e0 he y28aa ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y279f w1dc heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">At start of year (net)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y279f w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">31,449<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y279f w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">57,583<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28ab w1dd heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest rate derivative premium paid on inception<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2af y28ab w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,169<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y28ab w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">47,494<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2750 w1de heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Disposal of interest rate derivatives<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x438 y2750 w2a heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(3,249)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x439 y2750 w30 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(40,612)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y273f w1df heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Accrued Interest<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f5 y273f w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">2,237<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x43a y273f w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2740 w1e0 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Changes in fair value of interest rate derivative in the year (P&amp;L)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x203 y2740 w4c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(375)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c8 y2740 w4a heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(8,782)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 w1e1 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Changes in fair value of interest rate derivative in the year (OCI)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ad y2737 w2a heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(1,539)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ce y2737 w2b heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(1,456)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w1e2 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Credit to the income statement (P&amp;L) (note 10)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x43b y271b w3c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(18,468)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x43c y271b w30 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(22,469)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w1e3 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Credit to the income statement (OCI) (note 10)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c2 y2690 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x43d y2690 w80 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(309)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1e4 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Fair value at end of year (net)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,224<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">31,449<span class=\"_ _2aa\"> </span></div></td></tr></table>To partially mitigate the interest rate risk that arises as a result of entering into the floating rate debt facilities referred to in note 22, the Group has entered into derivative interest rate swaps and caps.<span class=\"_ _2aa\"> </span><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2a3\">A summary of these derivatives as at 30 June 2025 are shown in the table below:<span class=\"_ _2aa\"> </span></div><div class=\"gs2a4\"><table class=\"s w1e5 h118\" id=\"_33db5d5f-efef-4277-9883-0bea8fdc6555\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x26e h1f y28ac ff52 fs8 fc1 sc0 ls22 ws0\">Mark to Market </td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x43e h1f y28ad ff52 fs8 fc1 sc0 ls22 ws0\">Notional amount </td><td class=\"t m0 x43f h1f y28ad ff52 fs8 fc1 sc0 ls22 ws0\">Premium Paid </td><td class=\"t m0 x440 h1f y28ae ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 <span class=\"ls1\"> </span></td><td class=\"t m0 x441 h1f y28ae ff52 fs8 fc1 sc0 ls22 ws0\">Average Strike </td><td></td><td></td></tr><tr><td class=\"c n x1aa y28af w1e6 hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws1a\">Issuer<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x442 y28af w1e7 hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws0\">Derivative Type<span class=\"_ _2aa\"> </span></div></td><td class=\"t m0 x443 h1f y28b0 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3m<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x444 h1f y28b0 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3m<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x3b9 h1f y28b1 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3m<span class=\"_ _2aa\"> </span></td><td class=\"c n x445 y28b2 w1e8 hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws1a\">Rate^<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x446 y28b2 w1e9 hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws0\">Effective Date<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x447 y28b2 w1ea hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws0\">Maturity Date<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27db w1eb he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">SMBC<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x448 y27db w1ec he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest Rate Swap<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x449 y27db wf1 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a367.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x44a y27db w172 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a36.5<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x44b y27db w1ed he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a31.7<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x44c y27db w1ee he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">2.06%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x44d y27db w1ef he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Sep-23<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x44e y27db w1ef he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Sep-26<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28b3 w1f0 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Barclays<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x44f y28b3 w1f1 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest Rate Cap<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x450 y28b3 wf1 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a396.6<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x451 y28b3 w172 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a32.9<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x452 y28b3 w172 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.7<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x453 y28b3 w1ee he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.40%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x3a6 y28b3 w1f2 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Aug-24<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x454 y28b3 w1f3 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Jul-25<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28b4 w1eb he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">SMBC<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x448 y28b4 w1f1 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest Rate Cap<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x455 y28b4 wf1 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a396.6<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x456 y28b4 w172 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a31.4<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x457 y28b4 w172 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a31.2<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x458 y28b4 w1ee he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.40%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x459 y28b4 w1f3 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Jul-25<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x45a y28b4 w1f4 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Jan-26<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28b5 w1f5 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Wells Fargo<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x45b y28b5 w1ec hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest Rate Swap<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x45c y28b5 w1f6 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3204.3<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x45d y28b5 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a322.2<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x45e y28b5 w172 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a36.3<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x45f y28b5 wf8 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">2.27%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x460 y28b5 w1ef hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Sep-23<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x461 y28b5 w1f3 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Jul-27<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28b6 w1f5 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Wells Fargo<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x462 y28b6 w1ec hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest Rate Swap<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x463 y28b6 w172 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a33.2<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x464 y28b6 w1ed hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.4<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x465 y28b6 w1ed hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.1<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x466 y28b6 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">0.00%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x467 y28b6 w1f7 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Feb -24<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x468 y28b6 w1f3 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Jul-27<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28b7 w1eb hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">SMBC<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x448 y28b7 w1f1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest Rate Cap<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x469 y28b7 w172 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a33.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x46a y28b7 w172 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.4<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x46b y28b7 w1ed hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.2<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x46c y28b7 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.82%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x46d y28b7 w1f8 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Nov-23<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x46e y28b7 w1f9 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Jun-27<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28b8 w1eb hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">SMBC<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x448 y28b8 w1ec hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest Rate Swap<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x46f y28b8 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a337.5<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x470 y28b8 w172 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.6<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x471 y28b8 w1ed hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.1<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x472 y28b8 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3.61%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x473 y28b8 w1fa hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Mar-24<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x474 y28b8 w1ef hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Sep-26<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y26b6 w1f0 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Barclays<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x44f y26b6 w1f1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest Rate Cap<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x450 y26b6 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a390.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x451 y26b6 w172 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a31.2<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x452 y26b6 w172 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.9<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x453 y26b6 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3.45%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c0 y26b6 w1fb hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">May-25<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x475 y26b6 w1fc hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Apr-28<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1fd heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">Total<span class=\"_ _2aa\"> </span></div></td><td></td><td></td><td class=\"c n x476 y2665 w1fe heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a335.6<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x477 y2665 we9 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a311.2<span class=\"_ _2aa\"> </span></div></td><td></td><td></td><td></td></tr></table></div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs2a5\">^ The remaining average strike rate from <span class=\"_ gs1f5\"> </span> July <span class=\"_ gs249\"> </span> to maturity.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2a6\">99.8% of the Group\u2019s outstanding debt as at 30 June 2025 was hedged through the use of fixed rate debt or financial instruments </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2a7\">(30 June 2024: 90%). It is the Group\u2019s target to hedge at least 50% of the Group\u2019s total debt at any time using fixed rate loans or </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2a8\">interest rate derivatives.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2a9\">The Group restructured its derivatives during the year to match the changes in its borrowings, the movements in the Group\u2019s fair value </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2aa\">derivatives are recognised in the profit and loss. There was one derivative terminated in the year that hedged the Wells Fargo facility </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2ab\">and was accounted for under hedge accounting; on derecognition of hedge accounting, the cash flow hedge reserve is recycled to the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2ac\">profit and loss over the remaining term of the Wells Fargo facility.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2ad\">The derivatives have been valued in accordance with IFRS 13 by reference to interbank bid market rates as at the close of business </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2ae\">on the last working day prior to each balance sheet date. The fair values are calculated using the present values of future cash flows, </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2af\">based on market forecasts of interest rates and adjusted for the credit risk of the counterparties. The amounts and timing of future </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2b0\">cash flows are projected on the basis of the contractual terms.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2b1\">All interest rate derivatives are classified as level 2 in the fair value hierarchy as defined under IFRS 13 and there were no transfers to </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs2b2\">or from other levels of the fair value hierarchy during the year.<span class=\"_ _2aa\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-375": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs2b4\">22. Bank borrowings<span class=\"_ _2aa\"> </span></div><div class=\"gs18d\"><table class=\"s w1ff h119\" id=\"_90517bb2-b624-496f-b840-09ff7d746f45\"><tr><td></td><td class=\"t m0 x424 h1f y28b9 ff52 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td><td class=\"t m0 x218 he y28ba ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y28bb ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y28bc ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td class=\"t m0 x1cf h2e y28bd ff52 fs14 fc1 sc0 ls23 ws0\">Amounts falling due within one year:<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y28be ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1a8 he y28bf ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y28c0 w200 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Secured debt<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c2 y28c0 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x478 y28c0 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">96,560<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y265e w201 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Less: Unamortised finance costs<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x479 y265e w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x47a y265e w155 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(44)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y265f w202 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Bank borrowings per the consolidated statement of financial position<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x321 y265f w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x47b y265f w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">96,516<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h2e y28c1 ff52 fs14 fc1 sc0 ls23 ws0\">Amounts falling due after more than one year:<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1aa y26d4 w200 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Secured debt<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c2 y26d4 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c3 y26d4 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">186,225<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28c2 w203 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Unsecured debt<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b3 y28c2 w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">606,986<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b4 y28c2 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">414,981<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y268f w201 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Less: Unamortised finance costs<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x47c y268f w2a heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(3,384)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x47d y268f w2b heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(3,554)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w202 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Bank borrowings per the consolidated statement of financial position<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x47e y2690 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">603,602<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x47f y2690 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">597,652<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w204 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total bank borrowings<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f0 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">603,602<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2e5 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">694,168<span class=\"_ _2aa\"> </span></div></td></tr></table></div>A summary of the Group\u2019s borrowing facilities as at 30 June 2025 are shown below:<span class=\"_ _2aa\"> </span><table class=\"s w205 h11a\" id=\"_6fbfa86f-e94f-45f8-9d14-a773f8b2ecf6\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x303 h1f y28c3 ff52 fs8 fc1 sc0 ls22 ws1a\">Loan </td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x480 h1f y28c4 ff52 fs8 fc1 sc0 ls22 ws1a\">Credit<span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x481 h1f y28c4 ff52 fs8 fc1 sc0 ls22 ws1a\">Variable/ <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x482 h1f y28c4 ff52 fs8 fc1 sc0 ls22 ws0\">Total cost of </td><td class=\"t m0 x483 h1f y28c5 ff52 fs8 fc1 sc0 ls22 ws1a\">commitment<span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x411 h1f y28c5 ff52 fs8 fc1 sc0 ls22 ws0\">Amount drawn<span class=\"ls1\"> </span></td></tr><tr><td class=\"c n x1aa y28c6 w206 hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws1a\">Lender<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x484 y28c6 w207 hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws1a\">Facility<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x485 y28c6 w208 hfe\"><div class=\"t m0 x1a9 h1f y2848 ff52 fs8 fc1 sc0 ls22 ws1a\">Expiry<span class=\"_ _2aa\"> </span></div></td><td class=\"t m0 x480 h1f y28c7 ff52 fs8 fc1 sc0 ls22 ws1a\">Margin<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x481 h1f y28c7 ff52 fs8 fc1 sc0 ls22 ws1a\">hedged^<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x486 h1f y28c7 ff52 fs8 fc1 sc0 ls22 ws1a\">debt<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1df h1f y28c8 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3m<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x487 h1f y28c8 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 \u00a3m<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y28c9 w209 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">HSBC<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x488 y28c9 w20a he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Revolving credit facility<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x489 y28c9 w20b he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Sep 2026<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x48a y28c9 w1ee he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.70%<span class=\"_ _2aa\"> </span></div></td><td class=\"c x48c y28c9 w20c he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">4.22%</div><div class=\"t m0 x48b h21 y27da ff51 fs15 fc1 sc0 ls1 ws0\">*<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x48d y28c9 w1ee he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">5.92%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x48e y28c9 wf1 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a375.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x48f y28c9 w20d he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3-<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c x1aa y28ca w20e he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">ING</div><div class=\"t m0 x490 h21 y27b5 ff51 fs15 fc1 sc0 ls1 ws0\">+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x491 y28ca w20f he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Term Loan<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x492 y28ca w210 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">July 2027<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x493 y28ca w211 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.55%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x494 y28ca w1ee he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3.15%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x495 y28ca w1ee he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">4.70%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x496 y28ca wf1 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a375.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x497 y28ca wf1 he9\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a375.0<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x498 h20 y28cb ff51 fs14 fc1 sc0 ls23 ws0\">Revolving credit </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1aa y28cc w20e hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">ING</div><div class=\"t m0 x490 h21 y27b5 ff51 fs15 fc1 sc0 ls1 ws0\">+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x491 y28cd w212 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">facility \u2013 Hedged<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x499 y28cd w213 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">July 2027<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x49a y28cd w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.55%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x49b y28cd w211 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3.15%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x49c y28cd w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">4.70%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x49d y28cd wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a321.6<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x49e y28cd wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a321.6<span class=\"_ _2aa\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x498 h20 y28ce ff51 fs14 fc1 sc0 ls23 ws0\">Revolving credit </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1aa y28cf w20e hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">ING</div><div class=\"t m0 x490 h21 y27b5 ff51 fs15 fc1 sc0 ls1 ws0\">+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x491 y28d0 w214 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">facility \u2013 Unhedged<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x49f y28d0 w213 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">July 2027<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4a0 y28d0 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.55%<span class=\"_ _2aa\"> </span></div></td><td class=\"c x4a2 y28d0 w215 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">4.22%</div><div class=\"t m0 x4a1 h21 y27da ff51 fs15 fc1 sc0 ls1 ws0\">*<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x48d y28d0 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">5.77%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4a3 y28d0 w172 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a33.4<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4a4 y28d0 w172 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a30.9<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28d1 w216 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Syndicate<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4a5 y28d1 w20a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Revolving credit facility<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4a6 y28d1 w210 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">July 2027<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4a7 y28d1 w211 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.50%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4a8 y28d1 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">2.23%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4a9 y28d1 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3.73%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4aa y28d1 w217 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3250.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ab y28d1 w217 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3210.5<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28d2 w1eb hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">SMBC<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ac y28d2 w218 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Term Loan<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ad y28d2 w20b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Sep 2026<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ae y28d2 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.40%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4af y28d2 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">2.06%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b0 y28d2 wf8 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3.46%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b1 y28d2 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a367.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b2 y28d2 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a367.0<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28d3 w1eb hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">SMBC<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ac y28d3 w218 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Term Loan<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ad y28d3 w20b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Sep 2026<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ae y28d3 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.55%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4af y28d3 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3.61%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b0 y28d3 wf8 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">5.16%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b1 y28d3 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a337.5<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b2 y28d3 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a337.5<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h20 y28d4 ff51 fs14 fc1 sc0 ls23 ws1b\">Private <span class=\"ls1 ws0\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1aa y28d6 w219 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Placement</div><div class=\"t m0 x4b3 h21 y27b5 ff51 fs15 fc1 sc0 ls1 ws0\">+<span class=\"_ _2aa\"> </span></div><div class=\"t m0 x4b4 h20 y28d5 ff51 fs8 fc1 sc0 ls1 ws0\">\u201c<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b5 y28d7 w21a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Note<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b6 y28d7 w210 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">July 2031<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b7 y28d7 w211 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.72%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b8 y28d7 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">2.72%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b9 y28d7 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">4.44%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ba y28d7 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a371.1<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4bb y28d7 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a371.1<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h20 y28d8 ff51 fs14 fc1 sc0 ls23 ws1b\">Private <span class=\"ls1 ws0\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1aa y28b8 w219 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Placement</div><div class=\"t m0 x4b3 h21 y27b5 ff51 fs15 fc1 sc0 ls1 ws0\">+<span class=\"_ _2aa\"> </span></div><div class=\"t m0 x4b4 h20 y26ac ff51 fs8 fc1 sc0 ls1 ws0\">\u201c<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b5 y28b8 w21a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Note<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4b6 y28b8 w21b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Feb 2032<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4bc y28b8 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.68%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4bd y28b8 w211 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">2.42%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4be y28b8 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">4.10%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4bf y28b8 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a333.4<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4c0 y28b8 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a333.4<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c x1aa y26b6 w21c hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">Barclays</div><div class=\"t m0 x4c1 h21 y27b5 ff51 fs15 fc1 sc0 ls1 ws0\">+<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4c2 y26b6 w20f hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Term Loan<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4c3 y26b6 w21d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Apr 2028<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4c4 y26b6 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1.55%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4c5 y26b6 w1ee hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3.45%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4c6 y26b6 wf8 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">5.00%<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4c7 y26b6 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a390.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4c8 y26b6 wf1 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a390.0<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1fd heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">Total<span class=\"_ _2aa\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x4c9 y2665 w21e heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a3724.0<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ca y2665 w21e heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a3607.0<span class=\"_ _2aa\"> </span></div></td></tr></table>* SONIA rate as at <span class=\"_ gs248\"> </span> June <span class=\"_ gs249\"> </span>^ Average rate from <span class=\"_ gs1f5\"> </span> July <span class=\"_ gs249\"> </span> to expiry of the debt excluding extension options.<span class=\"_ _2aa\"> </span>\u201c Drawn in Euro\u2019s and converted at the year-end rate<span class=\"_ _2aa\"> </span>+ The new facilities completed during the year were the completion of the two private placement facilities, the ING facilities and the Barclays facility.<span class=\"_ _2aa\"> </span>During the year the Group the following facilities matured or were repaid early:<span class=\"_ _2aa\"> </span><table class=\"s w21f h11b\" id=\"_c3da33ac-fc8f-4381-8565-6a4ba6859f69\"><tr><td></td><td></td><td></td><td class=\"t m0 x2a4 h1f y28d9 ff52 fs8 fc1 sc0 ls22 ws1a\">Loan<span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x411 h1f y28da ff52 fs8 fc1 sc0 ls22 ws1a\">commitment<span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"c n x1aa y28db w206 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws1a\">Lender<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4cb y28db w220 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws1a\">Facility<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4cc y28db w208 hfe\"><div class=\"t m0 x1a9 h1f y2759 ff52 fs8 fc1 sc0 ls22 ws1a\">Expiry<span class=\"_ _2aa\"> </span></div></td><td class=\"t m0 x1db h1f y28dc ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3m<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y28b5 w221 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Deka<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4cd y28b5 w20f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Term Loan<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ce y28b5 w222 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Aug 2024<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4cf y28b5 wf1 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a396.6<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28dd w223 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">BLB<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4cd y28dd w20f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Term Loan<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ce y28dd w224 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Mar 2026<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x415 y28dd wf1 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a386.9<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28de w1f5 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Wells Fargo<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4d0 y28de w20a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Revolving credit facility<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4d1 y28de w225 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Jul 2025<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4d2 y28de wf1 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a339.0<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28b8 w216 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Syndicate<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4d3 y28b8 w20f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Term Loan<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4d4 y28b8 w226 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Jul 2025<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4d5 y28b8 wf1 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a350.0<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y26b6 w216 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Syndicate<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4d3 y26b6 w20f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Term Loan<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4d6 y26b6 w225 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Jul 2026<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4d7 y26b6 wf1 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a350.0<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1fd heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">Total<span class=\"_ _2aa\"> </span></div></td><td></td><td></td><td class=\"c n x4d8 y2665 w21e heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a3322.5<span class=\"_ _2aa\"> </span></div></td></tr></table>The Group has been in compliance with all of the financial covenants across the Group\u2019s bank facilities as applicable throughout the periods covered by these financial statements.<span class=\"_ _2aa\"> </span>Any associated fees in arranging the bank borrowings that are unamortised as at the end of the year are offset against amounts drawn under the facility as shown in the table above. Part of the debt is secured by charges over the Group\u2019s investment properties and by charges over the shares of certain Group undertakings, not including the Company itself. There have been no defaults of breaches of any loan covenants during the current year or any prior period.<span class=\"_ _2aa\"> </span>The Group\u2019s borrowings carried at amortised cost are considered to be approximate to their fair value, with the exception of the <span class=\"ls1\"> </span>Private Placements. As at 30 June 2025 the fair value of \u00a3104.5 million of private placement notes issued was \u00a3105.3 million.<span class=\"_ _2aa\"> </span>Post year end, the Group completed its debut bond issuance with a \u00a3250 million sterling-denominated senior unsecured bond with a term of 6 years. The bond bears a coupon of 5.125%.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-376": {
   "value": "23. Deferred tax<span class=\"_ _2aa\"> </span>The deferred tax asset relates entirely to unutilised trading losses on the Group\u2019s French resident companies. <table class=\"s w227 h11c\" id=\"_19b90bc5-4479-4976-abe0-66472b073903\"><tr><td></td><td class=\"t m0 x1a2 h1f y28df ff52 fs8 fc1 sc0 ls22 ws0\">Year to<span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y28e0 ff51 fs8 fc1 sc0 ls22 ws0\">Year to<span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y28e1 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025<span class=\"ls1\"> </span></td><td class=\"t m0 x1a5 he y28e2 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024<span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y28e3 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y28e4 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2705 w228 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">At the start of the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4d9 y2705 w87 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(140)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4da y2705 w23 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y268f w229 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Deferred tax on unutilised French trading losses<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4db y268f w87 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(871)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4dc y268f w80 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(140)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w22a he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Net credit to income statement (note 11)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4dd y2690 w4c he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(871)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4de y2690 w80 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(140)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w22b heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">At the end of the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c4 y2665 w2a heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(1,011)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2a5 y2665 w87 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(140)<span class=\"_ _2aa\"> </span></div></td></tr></table>Deferred tax has been calculated based on local rates applicable under local legislation substantively enacted at the balance sheet date.<span class=\"_ _2aa\"> </span>No deferred tax asset has been recognised in respect of unrealised capital losses that would be available on disposal of the <span class=\"ls1\"> </span>properties at a loss at the current market value as it is considered there would not be additional French properties to benefit <span class=\"ls1\"> </span>against the capital loss.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-392": {
   "value": "<table class=\"s w1c8 h109\" id=\"_326b8078-58c0-4196-b222-d13d1f16728a\"><tr><td></td><td class=\"t m0 x424 h1f y28e5 ff52 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td><td class=\"t m0 x218 he y28e6 ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y28e7 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y28e8 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y28e9 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1a8 he y28ea ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"t m0 x1cf h2e y28eb ff52 fs14 fc1 sc0 ls23 ws0\">Financial assets<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y28ec ff53 fs14 fc1 sc0 ls23 ws0\">Financial assets at amortised cost:<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1aa y28ed w22c heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Financial asset arising from sale and leaseback transaction<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y28ed w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,235<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y28ed w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">11,023<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28ee w5d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Cash and cash equivalents<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4df y28ee w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">95,281<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e0 y28ee w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">38,691<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28ef w5c heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Trade and other receivables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e1 y28ef w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">118,148<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e2 y28ef w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">11,023<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h20 y28f0 ff53 fs14 fc1 sc0 ls23 ws0\">Financial assets at fair value:<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1aa y28f1 w22d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Interest rate derivative<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1cd y28f1 w36 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">11,224<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2b1 y28f1 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">31,449<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28f2 w22e heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total financial assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e3 y28f2 w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">235,888<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e4 y28f2 w36 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">92,186<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h2e y28f3 ff52 fs14 fc1 sc0 ls23 ws0\">Financial liabilities<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x1cf h20 y28f4 ff53 fs14 fc1 sc0 ls23 ws0\">Financial liabilities at amortised cost:<span class=\"_ _2aa\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2737 w200 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Secured debt<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x321 y2737 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e5 y2737 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">281,635<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2723 w203 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Unsecured debt<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b3 y2723 w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">603,602<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b4 y2723 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">412,533<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w22f heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Trade and other payables (note 20)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e6 y2690 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">20,730<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e7 y2690 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">18,634<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w230 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total financial liabilities<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f0 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">624,332<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2e5 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">712,802<span class=\"_ _2aa\"> </span></div></td></tr></table>At the year end, all financial assets and liabilities were measured at amortised cost except for the interest rate derivatives which are measured at fair value. The interest rate derivative valuation is classified as \u2018level 2\u2019 in the fair value hierarchy as defined in IFRS 13 and its fair value was calculated using the present values of future cash flows, based on market forecasts of interest rates and adjusted for the credit risk of the counterparties. The carrying value of the financial assets and liabilities at amortised cost approximate their fair value with the exception of the Private Placements. As at 30 June 2025 the fair value of \u00a3104.5 million of private placement notes issued was \u00a3105.3 million.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-377": {
   "value": "Financial risk management Through the Group\u2019s operations and use of debt financing it is exposed to certain risks. The Group\u2019s financial risk management objective is to minimise the effect of these risks, for example by using interest rate cap and interest rate swap derivatives to partially mitigate exposure to fluctuations in interest rates, as described in note 21. The exposure to each financial risk considered potentially material to the Group, how it arises and the policy for managing it is summarised below.<span class=\"_ _2aa\"> </span>Market risk - Interest rate risk<span class=\"_ _2aa\"> </span>Market risk is defined as the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. The Group\u2019s market risk arises from open positions in interest bearing assets and liabilities, to the extent that these are exposed to general and specific market movements.<span class=\"_ _2aa\"> </span>The Group\u2019s interest-bearing financial instruments comprise cash and cash equivalents and bank borrowings. 99.8% of the borrowings are hedged and therefore at a fixed rate. Changes in market interest rates therefore effects the value of the derivatives for the hedged debt and for the unhedged portion it affects the Group\u2019s finance income and costs. The Group\u2019s sensitivity to changes in interest rates, calculated on the basis of a ten-basis point increase in the three-month SONIA daily rate/ EURIBOR, was as follows:<span class=\"_ _2aa\"> </span><table class=\"s wc1 h11d\" id=\"_19f9a396-55f3-4b9c-92ef-6bd5806addac\"><tr><td></td><td class=\"t m0 x2a3 h1f y28f5 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x2a4 he y28f6 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y28f7 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y28f8 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1df h1f y28f9 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1e0 he y28fa ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2690 w231 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Increase in profit<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e8 y2690 w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">727<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e9 y2690 w63 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,187<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w232 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Effect on other comprehensive income and equity<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ea y2665 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x43a y2665 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr></table>Trade and other receivables and payables are interest free as long as they are paid in accordance with their terms, and have payment terms of less than one year, so it is assumed that there is no material market risk associated with these financial instruments.<span class=\"_ _2aa\"> </span>Loans to joint ventures within trade and other receivables are at a fixed percentage rate so no material market risk associated with these financial instruments.<span class=\"_ _2aa\"> </span>Market risk - currency risk<span class=\"_ _2aa\"> </span>The Group prepares its financial statements in Sterling. 6% of the Group\u2019s Investment Properties are denominated in Euros and as a result the Group is subject to foreign currency exchange risk. This risk is partially hedged because within the Group\u2019s French operations, rental income, interest costs and the majority of both assets and liabilities are Euro denominated. An unhedged currency risk remains on the value of the Group\u2019s net investment in, and net returns from, its French operations.<span class=\"_ _2aa\"> </span>The Group\u2019s sensitivity to changes in foreign currency exchange rates, calculated on a 10% increase in average and closing Sterling rates against the Euro, was as follows, with a 10% decrease having the opposite effect:<span class=\"_ _2aa\"> </span><table class=\"s w227 h116\" id=\"_16f925cd-8a08-46ed-8cb0-362a1aa11b16\"><tr><td></td><td class=\"t m0 x2a3 h1f y28fb ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x2a4 he y28fc ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y28fd ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y28fe ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1df h1f y28ff ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1e0 he y2900 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2690 w233 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Decrease in net assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4eb y2690 w87 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(615)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ec y2690 w81 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(580)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w234 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Increase in profit/(loss) for the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ed y2665 w87 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(614)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4de y2665 w80 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(584)<span class=\"_ _2aa\"> </span></div></td></tr></table>Market risk - inflation<span class=\"_ _2aa\"> </span>Inflation risk arises from the impact of inflation on the Group\u2019s income and expenditure. The majority of the Group\u2019s passing rent at 30 June 2025 is subject to inflation-linked rent reviews. Consequently, the Group is exposed to movements in the Retail Prices Index (\u201cRPI\u201d), which is the relevant inflation benchmark. However, all UK inflation-linked provisions provide those rents will only be subject to upwards review with an average cap of 4% and never downwards. As a result, 94% of the Group's income is not exposed to a fall in rent in deflationary conditions. The Group's French assets are subject to uncapped rent reviews, both upwards and downwards, however only represent 6% of the Group's rent roll. The Group does not expect inflation risk to have a material effect on the Group\u2019s administrative expenses.<span class=\"_ _2aa\"> </span>Credit risk Credit risk is the risk of financial loss to the Group if a counterparty fails to meet its contractual obligations. The principal counterparties are the Group\u2019s tenants (in respect of rent receivables arising under operating leases) and banks (as holders of the Group\u2019s cash deposits). The credit risk of rent receivables is considered low because the counterparties to the operating leases are considered by the Board to be high-quality tenants and any lease guarantors are of appropriate financial strength. Rent collection dates and statistics are monitored to identify any problems at an early stage, and if necessary rigorous credit control procedures will be applied to facilitate the recovery of rent receivables. The credit risk on cash deposits is limited because the counterparties are banks with credit ratings which are acceptable to the Board and are kept under review each quarter.<span class=\"_ _2aa\"> </span>Liquidity risk Liquidity risk arises from the Group\u2019s management of working capital and the finance costs and principal repayments on its secured debt. It is the risk that the Group will not be able to meet its financial obligations as they fall due.<span class=\"_ _2aa\"> </span>The Group seeks to manage its liquidity risk by ensuring that sufficient cash is available to meet its foreseeable needs. These liquidity needs are relatively modest and are capable of being satisfied by the surplus available after rental receipts have been applied in payment of interest as required by the credit agreement relating to the Group\u2019s secured debt. Before entering into any financing arrangements, the Board assesses the resources that are expected to be available to the Group to meet its liabilities when they fall due. These assessments are made on the basis of both base case and downside scenarios. The Group prepares detailed management accounts which are reviewed by the Board at least quarterly to assess ongoing liquidity requirements and compliance with loan covenants. The Board also keeps under review the maturity profile of the Group\u2019s cash deposits in order to have reasonable assurance that cash will be available for the settlement of liabilities when they fall due.<span class=\"_ _2aa\"> </span>The following table shows the maturity analysis for financial assets and liabilities. The table has been drawn up based on the undiscounted cash flows of non-derivative financial instruments, including future interest payments, based on the earliest date on which the Group can be required to pay and assuming that the SONIA daily and EURIBOR rate remains at the 30 June 2025 rate. Interest rate derivatives are shown at fair value and not at their gross undiscounted amounts as they are not materially different.<span class=\"_ _2aa\"> </span><table class=\"s w235 h11e\" id=\"_17202ac8-b702-45ee-b3d9-8326147c0b42\"><tr><td></td><td class=\"t m0 x4ee h1f y2901 ff52 fs8 fc1 sc0 ls22 ws0\">Less than <span class=\"ls1\"> </span></td><td class=\"t m0 x3b4 h1f y2902 ff52 fs8 fc1 sc0 ls22 ws0\">One to <span class=\"ls1\"> </span></td><td class=\"t m0 x4ef h1f y2903 ff52 fs8 fc1 sc0 ls22 ws0\">Two to <span class=\"ls1\"> </span></td><td class=\"t m0 x4f0 h1f y2904 ff52 fs8 fc1 sc0 ls22 ws0\">More than <span class=\"ls1\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4f1 h1f y2905 ff52 fs8 fc1 sc0 ls22 ws0\">one year <span class=\"ls1\"> </span></td><td class=\"t m0 x4f2 h1f y2906 ff52 fs8 fc1 sc0 ls22 ws0\">two years <span class=\"ls1\"> </span></td><td class=\"t m0 x4f3 h1f y2907 ff52 fs8 fc1 sc0 ls22 ws0\">five years <span class=\"ls1\"> </span></td><td class=\"t m0 x3b6 h1f y2908 ff52 fs8 fc1 sc0 ls22 ws0\">five years <span class=\"ls1\"> </span></td><td class=\"t m0 x218 h1f y2908 ff52 fs8 fc1 sc0 ls22 ws1a\">Total<span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x1cf h1f y2909 ff52 fs8 fc1 sc0 ls22 ws0\">As at 30 June 2025<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x4f4 h1f y290a ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x4f5 h1f y290b ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x370 h1f y290c ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y290d ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 h1f y290d ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"t m0 x1cf h2e y290e ff52 fs14 fc1 sc0 ls23 ws0\">Financial assets:<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y290f w5d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Cash and cash equivalents<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f6 y290f w8a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">95,281<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f7 y290f w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f8 y290f w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f9 y290f w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fa y290f w33 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">95,281<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2910 w5c hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Trade and other receivables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fb y2910 w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">118,148<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f7 y2910 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f8 y2910 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f9 y2910 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fc y2910 w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">118,148<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2911 w57 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Financial asset at amortised cost<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fd y2911 w39 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">290<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fe y2911 w236 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">290<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ff y2911 w39 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">984<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x500 y2911 w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">74,274<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x501 y2911 w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">75,838<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2912 w58 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest rate derivatives<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x502 y2912 w63 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">8,091<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x503 y2912 w8b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3,046<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x504 y2912 w35 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">87<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x385 y2912 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x505 y2912 w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">11,224<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2913 w22e heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total financial assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x506 y2913 w7b heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">221,810<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x507 y2913 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">3,336<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x508 y2913 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,071<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x509 y2913 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">74,274<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31d y2913 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">300,491<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h2e y2914 ff52 fs14 fc1 sc0 ls23 ws0\">Financial liabilities:<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2915 w61 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Bank borrowings<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x50a y2915 w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">25,867<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x50b y2915 w237 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">126,977<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x50c y2915 w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">415,627<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x50d y2915 w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">110,108<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x50e y2915 w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">678,579<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2916 w62 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Trade and other payables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x50f y2916 w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">20,730<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x510 y2916 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x511 y2916 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x512 y2916 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x513 y2916 w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">20,730<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w230 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total financial liabilities<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x514 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">46,597<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x515 y2665 w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">126,977<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x516 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">415,627<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x517 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">110,108<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x518 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">699,309<span class=\"_ _2aa\"> </span></div></td></tr></table><table class=\"s w238 h11f\" id=\"_ef3b3a50-c92b-466f-a3a8-1fbb6aa9a2e5\"><tr><td></td><td class=\"t m0 x519 he y2917 ff51 fs8 fc1 sc0 ls22 ws0\">Less than <span class=\"ls1\"> </span></td><td class=\"t m0 x3b4 he y2918 ff51 fs8 fc1 sc0 ls22 ws0\">One to <span class=\"ls1\"> </span></td><td class=\"t m0 x4ef he y2919 ff51 fs8 fc1 sc0 ls22 ws0\">Two to <span class=\"ls1\"> </span></td><td class=\"t m0 x4f0 he y291a ff51 fs8 fc1 sc0 ls22 ws0\">More than <span class=\"ls1\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4f1 he y291b ff51 fs8 fc1 sc0 ls22 ws0\">one year <span class=\"ls1\"> </span></td><td class=\"t m0 x4f2 he y291c ff51 fs8 fc1 sc0 ls22 ws0\">two years <span class=\"ls1\"> </span></td><td class=\"t m0 x51a he y291d ff51 fs8 fc1 sc0 ls22 ws0\">five years <span class=\"ls1\"> </span></td><td class=\"t m0 x3b6 he y291e ff51 fs8 fc1 sc0 ls22 ws0\">five years <span class=\"ls1\"> </span></td><td class=\"t m0 x218 he y291e ff51 fs8 fc1 sc0 ls22 ws1a\">Total<span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x1cf he y291f ff51 fs8 fc1 sc0 ls22 ws0\">As at 30 June 2024<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x51b he y2920 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x4f5 he y2921 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x370 he y2922 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 he y2923 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y2923 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"t m0 x1cf h2e y2924 ff52 fs14 fc1 sc0 ls23 ws0\">Financial assets:<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y290f w5d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Cash and cash equivalents<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f6 y290f w8a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">38,691<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f7 y290f w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f8 y290f w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f9 y290f w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fa y290f w33 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">38,691<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2910 w5c heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Trade and other receivables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f6 y2910 w8a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">11,023<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f7 y2910 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f8 y2910 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f9 y2910 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fa y2910 w33 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">11,023<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2911 w57 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Financial asset at amortised cost<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fd y2911 w39 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">290<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fe y2911 w236 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">290<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ff y2911 w39 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">946<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x500 y2911 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">74,602<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x501 y2911 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">76,128<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2912 w58 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Interest rate derivatives<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x51c y2912 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">15,708<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x51d y2912 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">12,209<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x51e y2912 w63 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">3,532<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x51f y2912 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x520 y2912 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">31,449<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2913 w22e heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total financial assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x521 y2913 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">65,712<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x522 y2913 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">12,499<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x523 y2913 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">4,478<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x524 y2913 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">74,602<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x525 y2913 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">157,291<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h2e y2925 ff52 fs14 fc1 sc0 ls23 ws0\">Financial liabilities:<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2915 w61 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Bank borrowings<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fb y2915 w25 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">119,810<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x526 y2915 w239 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">186,374<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x527 y2915 w25 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">443,364<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x30d y2915 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1ad y2915 w25 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">749,548<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y26b6 w62 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Trade and other payables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x50f y26b6 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">17,589<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x510 y26b6 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x511 y26b6 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x528 y26b6 w63 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">1,045<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x529 y26b6 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">18,634<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w230 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total financial liabilities<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x52a y2665 w7b heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">137,399<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x52b y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">186,374<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x52c y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">443,364<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x52d y2665 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,045<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x52e y2665 w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">768,182<span class=\"_ _2aa\"> </span></div></td></tr></table>Capital risk management<span class=\"_ _2aa\"> </span>The Board\u2019s primary objective when monitoring capital is to preserve the Group\u2019s ability to continue as a going concern, while <span class=\"ls1\"> </span>ensuring it remains within its debt covenants so as to safeguard secured assets and avoid financial penalties. Bank borrowings on secured facilities are secured on the Group\u2019s property portfolio by way of fixed charges over property assets <span class=\"ls1\"> </span>and over the shares in the property-owning subsidiaries and any intermediary holding companies of those subsidiaries. At 30 June 2025, the capital structure of the Group consisted of bank borrowings (note 22), cash and cash equivalents, and equity attributable to the Shareholders of the Company (comprising share capital, retained earnings and the other reserves referred to in notes 25 to 27). In managing the Group\u2019s capital structure, the Board considers the Group\u2019s cost of capital. In order to maintain or adjust the capital structure, the Group keeps under review the amount of any dividends or other returns to Shareholders and monitors the extent to which the issue of new shares or the realisation of assets may be required.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-393": {
   "value": "Market risk - Interest rate risk<span class=\"_ _2aa\"> </span>Market risk is defined as the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. The Group\u2019s market risk arises from open positions in interest bearing assets and liabilities, to the extent that these are exposed to general and specific market movements.<span class=\"_ _2aa\"> </span> The Group\u2019s interest-bearing financial instruments comprise cash and cash equivalents and bank borrowings. 99.8% of the borrowings are hedged and therefore at a fixed rate. Changes in market interest rates therefore effects the value of the derivatives for the hedged debt and for the unhedged portion it affects the Group\u2019s finance income and costs. The Group\u2019s sensitivity to changes in interest rates, calculated on the basis of a ten-basis point increase in the three-month SONIA daily rate/ EURIBOR, was as follows:<span class=\"_ _2aa\"> </span><table class=\"s wc1 h11d\" id=\"_19f9a396-55f3-4b9c-92ef-6bd5806addac\"><tr><td></td><td class=\"t m0 x2a3 h1f y28f5 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x2a4 he y28f6 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y28f7 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y28f8 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1df h1f y28f9 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1e0 he y28fa ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2690 w231 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Increase in profit<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e8 y2690 w39 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">727<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e9 y2690 w63 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,187<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w232 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Effect on other comprehensive income and equity<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ea y2665 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x43a y2665 w3d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr></table>Trade and other receivables and payables are interest free as long as they are paid in accordance with their terms, and have payment terms of less than one year, so it is assumed that there is no material market risk associated with these financial instruments.<span class=\"_ _2aa\"> </span>Loans to joint ventures within trade and other receivables are at a fixed percentage rate so no material market risk associated with these financial instruments.<span class=\"_ _2aa\"> </span>Market risk - currency risk<span class=\"_ _2aa\"> </span>The Group prepares its financial statements in Sterling. 6% of the Group\u2019s Investment Properties are denominated in Euros and as a result the Group is subject to foreign currency exchange risk. This risk is partially hedged because within the Group\u2019s French operations, rental income, interest costs and the majority of both assets and liabilities are Euro denominated. An unhedged currency risk remains on the value of the Group\u2019s net investment in, and net returns from, its French operations.<span class=\"_ _2aa\"> </span>The Group\u2019s sensitivity to changes in foreign currency exchange rates, calculated on a 10% increase in average and closing Sterling rates against the Euro, was as follows, with a 10% decrease having the opposite effect:<span class=\"_ _2aa\"> </span><table class=\"s w227 h116\" id=\"_16f925cd-8a08-46ed-8cb0-362a1aa11b16\"><tr><td></td><td class=\"t m0 x2a3 h1f y28fb ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x2a4 he y28fc ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1dc h1f y28fd ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1dd he y28fe ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1df h1f y28ff ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1e0 he y2900 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2690 w233 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Decrease in net assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4eb y2690 w87 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(615)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ec y2690 w81 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(580)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w234 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Increase in profit/(loss) for the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ed y2665 w87 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(614)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4de y2665 w80 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(584)<span class=\"_ _2aa\"> </span></div></td></tr></table>Market risk - inflation<span class=\"_ _2aa\"> </span>Inflation risk arises from the impact of inflation on the Group\u2019s income and expenditure. The majority of the Group\u2019s passing rent at 30 June 2025 is subject to inflation-linked rent reviews. Consequently, the Group is exposed to movements in the Retail Prices Index (\u201cRPI\u201d), which is the relevant inflation benchmark. However, all UK inflation-linked provisions provide those rents will only be subject to upwards review with an average cap of 4% and never downwards. As a result, 94% of the Group's income is not exposed to a fall in rent in deflationary conditions. The Group's French assets are subject to uncapped rent reviews, both upwards and downwards, however only represent 6% of the Group's rent roll. The Group does not expect inflation risk to have a material effect on the Group\u2019s administrative expenses.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-394": {
   "value": "Credit risk Credit risk is the risk of financial loss to the Group if a counterparty fails to meet its contractual obligations. The principal counterparties are the Group\u2019s tenants (in respect of rent receivables arising under operating leases) and banks (as holders of the Group\u2019s cash deposits). The credit risk of rent receivables is considered low because the counterparties to the operating leases are considered by the Board to be high-quality tenants and any lease guarantors are of appropriate financial strength. Rent collection dates and statistics are monitored to identify any problems at an early stage, and if necessary rigorous credit control procedures will be applied to facilitate the recovery of rent receivables. The credit risk on cash deposits is limited because the counterparties are banks with credit ratings which are acceptable to the Board and are kept under review each quarter.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-395": {
   "value": "Liquidity risk Liquidity risk arises from the Group\u2019s management of working capital and the finance costs and principal repayments on its secured debt. It is the risk that the Group will not be able to meet its financial obligations as they fall due.<span class=\"_ _2aa\"> </span>The Group seeks to manage its liquidity risk by ensuring that sufficient cash is available to meet its foreseeable needs. These liquidity needs are relatively modest and are capable of being satisfied by the surplus available after rental receipts have been applied in payment of interest as required by the credit agreement relating to the Group\u2019s secured debt. Before entering into any financing arrangements, the Board assesses the resources that are expected to be available to the Group to meet its liabilities when they fall due. These assessments are made on the basis of both base case and downside scenarios. The Group prepares detailed management accounts which are reviewed by the Board at least quarterly to assess ongoing liquidity requirements and compliance with loan covenants. The Board also keeps under review the maturity profile of the Group\u2019s cash deposits in order to have reasonable assurance that cash will be available for the settlement of liabilities when they fall due.<span class=\"_ _2aa\"> </span>The following table shows the maturity analysis for financial assets and liabilities. The table has been drawn up based on the undiscounted cash flows of non-derivative financial instruments, including future interest payments, based on the earliest date on which the Group can be required to pay and assuming that the SONIA daily and EURIBOR rate remains at the 30 June 2025 rate. Interest rate derivatives are shown at fair value and not at their gross undiscounted amounts as they are not materially different.<span class=\"_ _2aa\"> </span><table class=\"s w235 h11e\" id=\"_17202ac8-b702-45ee-b3d9-8326147c0b42\"><tr><td></td><td class=\"t m0 x4ee h1f y2901 ff52 fs8 fc1 sc0 ls22 ws0\">Less than <span class=\"ls1\"> </span></td><td class=\"t m0 x3b4 h1f y2902 ff52 fs8 fc1 sc0 ls22 ws0\">One to <span class=\"ls1\"> </span></td><td class=\"t m0 x4ef h1f y2903 ff52 fs8 fc1 sc0 ls22 ws0\">Two to <span class=\"ls1\"> </span></td><td class=\"t m0 x4f0 h1f y2904 ff52 fs8 fc1 sc0 ls22 ws0\">More than <span class=\"ls1\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4f1 h1f y2905 ff52 fs8 fc1 sc0 ls22 ws0\">one year <span class=\"ls1\"> </span></td><td class=\"t m0 x4f2 h1f y2906 ff52 fs8 fc1 sc0 ls22 ws0\">two years <span class=\"ls1\"> </span></td><td class=\"t m0 x4f3 h1f y2907 ff52 fs8 fc1 sc0 ls22 ws0\">five years <span class=\"ls1\"> </span></td><td class=\"t m0 x3b6 h1f y2908 ff52 fs8 fc1 sc0 ls22 ws0\">five years <span class=\"ls1\"> </span></td><td class=\"t m0 x218 h1f y2908 ff52 fs8 fc1 sc0 ls22 ws1a\">Total<span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x1cf h1f y2909 ff52 fs8 fc1 sc0 ls22 ws0\">As at 30 June 2025<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x4f4 h1f y290a ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x4f5 h1f y290b ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x370 h1f y290c ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 h1f y290d ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 h1f y290d ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"t m0 x1cf h2e y290e ff52 fs14 fc1 sc0 ls23 ws0\">Financial assets:<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y290f w5d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Cash and cash equivalents<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f6 y290f w8a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">95,281<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f7 y290f w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f8 y290f w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f9 y290f w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fa y290f w33 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">95,281<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2910 w5c hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Trade and other receivables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fb y2910 w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">118,148<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f7 y2910 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f8 y2910 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f9 y2910 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fc y2910 w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">118,148<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2911 w57 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Financial asset at amortised cost<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fd y2911 w39 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">290<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fe y2911 w236 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">290<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ff y2911 w39 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">984<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x500 y2911 w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">74,274<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x501 y2911 w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">75,838<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2912 w58 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest rate derivatives<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x502 y2912 w63 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">8,091<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x503 y2912 w8b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3,046<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x504 y2912 w35 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">87<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x385 y2912 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x505 y2912 w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">11,224<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2913 w22e heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total financial assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x506 y2913 w7b heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">221,810<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x507 y2913 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">3,336<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x508 y2913 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,071<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x509 y2913 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">74,274<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x31d y2913 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">300,491<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h2e y2914 ff52 fs14 fc1 sc0 ls23 ws0\">Financial liabilities:<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2915 w61 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Bank borrowings<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x50a y2915 w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">25,867<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x50b y2915 w237 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">126,977<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x50c y2915 w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">415,627<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x50d y2915 w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">110,108<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x50e y2915 w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">678,579<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2916 w62 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Trade and other payables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x50f y2916 w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">20,730<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x510 y2916 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x511 y2916 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x512 y2916 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x513 y2916 w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">20,730<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w230 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total financial liabilities<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x514 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">46,597<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x515 y2665 w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">126,977<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x516 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">415,627<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x517 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">110,108<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x518 y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">699,309<span class=\"_ _2aa\"> </span></div></td></tr></table><table class=\"s w238 h11f\" id=\"_ef3b3a50-c92b-466f-a3a8-1fbb6aa9a2e5\"><tr><td></td><td class=\"t m0 x519 he y2917 ff51 fs8 fc1 sc0 ls22 ws0\">Less than <span class=\"ls1\"> </span></td><td class=\"t m0 x3b4 he y2918 ff51 fs8 fc1 sc0 ls22 ws0\">One to <span class=\"ls1\"> </span></td><td class=\"t m0 x4ef he y2919 ff51 fs8 fc1 sc0 ls22 ws0\">Two to <span class=\"ls1\"> </span></td><td class=\"t m0 x4f0 he y291a ff51 fs8 fc1 sc0 ls22 ws0\">More than <span class=\"ls1\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4f1 he y291b ff51 fs8 fc1 sc0 ls22 ws0\">one year <span class=\"ls1\"> </span></td><td class=\"t m0 x4f2 he y291c ff51 fs8 fc1 sc0 ls22 ws0\">two years <span class=\"ls1\"> </span></td><td class=\"t m0 x51a he y291d ff51 fs8 fc1 sc0 ls22 ws0\">five years <span class=\"ls1\"> </span></td><td class=\"t m0 x3b6 he y291e ff51 fs8 fc1 sc0 ls22 ws0\">five years <span class=\"ls1\"> </span></td><td class=\"t m0 x218 he y291e ff51 fs8 fc1 sc0 ls22 ws1a\">Total<span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x1cf he y291f ff51 fs8 fc1 sc0 ls22 ws0\">As at 30 June 2024<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x51b he y2920 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x4f5 he y2921 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x370 he y2922 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a7 he y2923 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1a8 he y2923 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"t m0 x1cf h2e y2924 ff52 fs14 fc1 sc0 ls23 ws0\">Financial assets:<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y290f w5d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Cash and cash equivalents<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f6 y290f w8a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">38,691<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f7 y290f w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f8 y290f w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f9 y290f w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fa y290f w33 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">38,691<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2910 w5c heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Trade and other receivables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f6 y2910 w8a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">11,023<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f7 y2910 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f8 y2910 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4f9 y2910 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fa y2910 w33 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">11,023<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2911 w57 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Financial asset at amortised cost<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fd y2911 w39 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">290<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fe y2911 w236 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">290<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4ff y2911 w39 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">946<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x500 y2911 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">74,602<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x501 y2911 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">76,128<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2912 w58 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Interest rate derivatives<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x51c y2912 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">15,708<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x51d y2912 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">12,209<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x51e y2912 w63 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">3,532<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x51f y2912 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x520 y2912 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">31,449<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2913 w22e heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total financial assets<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x521 y2913 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">65,712<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x522 y2913 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">12,499<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x523 y2913 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">4,478<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x524 y2913 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">74,602<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x525 y2913 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">157,291<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1cf h2e y2925 ff52 fs14 fc1 sc0 ls23 ws0\">Financial liabilities:<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2915 w61 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Bank borrowings<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4fb y2915 w25 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">119,810<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x526 y2915 w239 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">186,374<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x527 y2915 w25 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">443,364<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x30d y2915 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1ad y2915 w25 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">749,548<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y26b6 w62 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Trade and other payables<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x50f y26b6 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">17,589<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x510 y26b6 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x511 y26b6 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x528 y26b6 w63 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">1,045<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x529 y26b6 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">18,634<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w230 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">Total financial liabilities<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x52a y2665 w7b heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">137,399<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x52b y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">186,374<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x52c y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">443,364<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x52d y2665 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,045<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x52e y2665 w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">768,182<span class=\"_ _2aa\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-396": {
   "value": "Capital risk management<span class=\"_ _2aa\"> </span>The Board\u2019s primary objective when monitoring capital is to preserve the Group\u2019s ability to continue as a going concern, while <span class=\"ls1\"> </span>ensuring it remains within its debt covenants so as to safeguard secured assets and avoid financial penalties. Bank borrowings on secured facilities are secured on the Group\u2019s property portfolio by way of fixed charges over property assets <span class=\"ls1\"> </span>and over the shares in the property-owning subsidiaries and any intermediary holding companies of those subsidiaries. At 30 June 2025, the capital structure of the Group consisted of bank borrowings (note 22), cash and cash equivalents, and equity attributable to the Shareholders of the Company (comprising share capital, retained earnings and the other reserves referred to in notes 25 to 27). In managing the Group\u2019s capital structure, the Board considers the Group\u2019s cost of capital. In order to maintain or adjust the capital structure, the Group keeps under review the amount of any dividends or other returns to Shareholders and monitors the extent to which the issue of new shares or the realisation of assets may be required.<span class=\"_ _2aa\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-397": {
   "value": "Reconciliation of financial liabilities relating to financing activities<span class=\"_ _2aa\"> </span><table class=\"s w23a h120\" id=\"_e4acffb3-bb31-4d52-bf2e-9683f3c94456\"><tr><td></td><td></td><td class=\"t m0 x52f h1f y2926 ff52 fs8 fc1 sc0 ls22 ws0\">Interest and </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x530 h1f y2927 ff52 fs8 fc1 sc0 ls22 ws0\">Total bank </td><td class=\"t m0 x531 h1f y2928 ff52 fs8 fc1 sc0 ls22 ws1a\">commitment </td><td class=\"t m0 x532 h1f y2929 ff52 fs8 fc1 sc0 ls22 ws0\">Interest rate </td><td></td></tr><tr><td></td><td class=\"t m0 x533 h1f y292a ff52 fs8 fc1 sc0 ls22 ws1a\">borrowings <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x531 h1f y292b ff52 fs8 fc1 sc0 ls22 ws0\">fees payable </td><td class=\"t m0 x534 h1f y292c ff52 fs8 fc1 sc0 ls22 ws1a\">derivatives <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x535 h1f y292c ff52 fs8 fc1 sc0 ls22 ws1a\">Total<span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m0 x536 h1f y292d ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x537 h1f y292e ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1df h1f y292f ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1e0 h1f y292f ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2930 w79 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">As at 1 July 2024<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x538 y2930 w2d he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">694,168<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x310 y2930 w27 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">8,137<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x539 y2930 w3c he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(31,449)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53a y2930 w24 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">670,856<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h20 y2931 ff51 fs14 fc1 sc0 ls23 ws0\">Cash flows:<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2932 w23b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Debt drawdowns in the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53b y2932 w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">371,305<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53c y2932 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53d y2932 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53e y2932 w25 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">371,305<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2933 w23c hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Debt repayments in the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53f y2933 wa0 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(463,635)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x540 y2933 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x541 y2933 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x542 y2933 wa0 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(463,635)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2934 w23d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest and commitment fees paid<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x543 y2934 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x544 y2934 w30 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(45,073)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x545 y2934 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x546 y2934 w30 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(45,073)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2935 wab hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Loan arrangement fees paid<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x547 y2935 w4a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(2,156)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x548 y2935 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x549 y2935 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54a y2935 w4a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(2,156)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2936 w23e hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest rate premium paid<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54b y2936 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54c y2936 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54d y2936 w4a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(1,169)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54e y2936 w4a hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(1,169)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2937 w23f hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Interest rate derivative disposal<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54f y2937 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x550 y2937 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x551 y2937 w63 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3,249<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x552 y2937 w28 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">3,249<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h20 y2938 ff51 fs14 fc1 sc0 ls23 ws0\">Non-cash movements:<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2939 w240 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Accrued interest in the period<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x553 y2939 w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x554 y2939 w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x555 y2939 w2b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(2,237)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ce y2939 w2b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">(2,237)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y293a w241 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Finance costs in the statement of comprehensive income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x556 y293a w63 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">2,369<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x557 y293a w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">44,304<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x558 y293a w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">18,468<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x431 y293a w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">65,141<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y293b w242 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Finance income in the statement of comprehensive income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54b y293b w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54c y293b w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x559 y293b w42 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">18,468<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x55a y293b w33 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">18,468<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y293c w243 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Fair value changes<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x55b y293c w3d hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x55c y293c w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x55d y293c w28 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1,914<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x55e y293c w63 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1,914<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y293d w4b hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws0\">Foreign exchange movement<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x55f y293d w63 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1,551<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x560 y293d w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x561 y293d w23 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2f3 y293d w63 hef\"><div class=\"t m0 x1a9 h20 y26ac ff51 fs14 fc1 sc0 ls23 ws1b\">1,551<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y293e w85 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">As at 30 June 2025<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x562 y293e w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">603,602<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x563 y293e w3f heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">7,368<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x564 y293e w2f heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(11,224)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e5 y293e w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">599,746<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y293f w79 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">As at 1 July 2023<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x538 y293f w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">667,465<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x310 y293f w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">6,837<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x539 y293f w3c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(57,583)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53a y293f w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">616,719<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h20 y2940 ff51 fs14 fc1 sc0 ls23 ws0\">Cash flows:<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2941 w23b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Debt drawdowns in the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53b y2941 w25 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">217,560<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53c y2941 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53d y2941 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53e y2941 w25 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">217,560<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2942 w23c heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Debt repayments in the year<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x53f y2942 wa0 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(191,077)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x540 y2942 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x541 y2942 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x542 y2942 wa0 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(191,077)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2943 w23d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Interest and commitment fees paid<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x543 y2943 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x544 y2943 w30 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(36,305)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x545 y2943 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x546 y2943 w30 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(36,305)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2944 wab heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Loan arrangement fees paid<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x547 y2944 w4a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(1,318)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x548 y2944 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x549 y2944 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54a y2944 w4a heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(1,318)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2945 w23e heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Interest rate premium paid<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54b y2945 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54c y2945 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x565 y2945 w37 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(45,364)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x566 y2945 w30 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(45,364)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2946 w23f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Interest rate derivative disposal<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54f y2946 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x550 y2946 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x567 y2946 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">38,482<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x568 y2946 w33 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">38,482<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x1e1 h20 y2947 ff51 fs14 fc1 sc0 ls23 ws0\">Non-cash movements:<span class=\"_ _2aa\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2948 w241 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Finance costs in the statement of comprehensive income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x556 y2948 w63 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">2,403<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x557 y2948 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">37,605<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x558 y2948 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">22,778<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x431 y2948 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">62,786<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y27f6 w242 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Finance income in the statement of comprehensive income<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54b y27f6 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x54c y27f6 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x559 y27f6 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">22,778<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x55a y27f6 w33 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">22,778<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2915 w243 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Fair value changes<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x55b y2915 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x55c y2915 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x569 y2915 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">10,238<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x56a y2915 w42 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">10,238<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y26b6 w4b heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Foreign exchange movement<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x56b y26b6 w80 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(865)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x56c y26b6 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x56d y26b6 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x56e y26b6 w80 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">(865)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w85 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">As at 30 June 2024<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x562 y2665 w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">694,168<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x563 y2665 w3f heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">8,137<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x564 y2665 w2f heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(31,449)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x4e5 y2665 w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">670,856<span class=\"_ _2aa\"> </span></div></td></tr></table>The interest and commitment fees payable are included within the corporate accruals balance in note 20. Cash flow movements are included in the consolidated statement of cash flows and the non-cash movements are included in note 10. The movements in the interest rate derivative financial liabilities can be found in note 21.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-342": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs327\">25. Share capital<span class=\"_ _2aa\"> </span></div><div class=\"gs328\"><table class=\"s w244 h121\" id=\"_97b32169-946c-4f80-922b-220a2bed5aba\"><tr><td></td><td></td><td></td><td class=\"t m0 x56f h1f y2949 ff52 fs8 fc1 sc0 ls22 ws1a\">Share <span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m0 x570 h1f y294a ff52 fs8 fc1 sc0 ls22 ws0\">Ordinary Shares<span class=\"ls1\"> </span></td><td class=\"t m0 x571 h1f y294b ff52 fs8 fc1 sc0 ls22 ws1a\">Share <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x410 h1f y294c ff52 fs8 fc1 sc0 ls22 ws1a\">premium <span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m0 x572 h1f y294d ff52 fs8 fc1 sc0 ls22 ws0\">of 1 pence<span class=\"ls1\"> </span></td><td class=\"t m0 x573 h1f y294e ff52 fs8 fc1 sc0 ls22 ws1a\">capital <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x574 h1f y294f ff52 fs8 fc1 sc0 ls22 ws1a\">reserve <span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m0 x2fd h1f y2950 ff52 fs8 fc1 sc0 ls22 ws1a\">Number<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1df h1f y2951 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1e0 h1f y2952 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2953 w79 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">As at 1 July 2024<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x575 y2953 w127 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,246,239,185<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x576 y2953 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">12,462<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c3 y2953 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">500,386<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2954 w245 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Dividend paid in the period (note 13)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x577 y2954 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x578 y2954 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x579 y2954 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2955 w85 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">As at 30 June 2025<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57a y2955 w127 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,246,239,185<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x559 y2955 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">12,462<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1ad y2955 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">500,386<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y268f w79 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">As at 1 July 2023<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x575 y268f w127 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,246,239,185<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x576 y268f w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">12,462<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c3 y268f w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">500,386<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y26b6 w245 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Dividend paid in the period (note 13)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x577 y26b6 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x578 y26b6 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x579 y26b6 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w85 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">As at 30 June 2024<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57a y2665 w127 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,246,239,185<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x559 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">12,462<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1ad y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">500,386<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs32f\">27. Reserves<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs330\">The nature and purpose of each of the reserves included within equity at 30 June 2025 are as follows:<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs331\">\u2022 <span class=\"_ _8\"> </span>Share premium reserve: represents the surplus of the gross proceeds of share issues over the nominal value of the shares, net of </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs332\">the direct costs of equity issues.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs333\">\u2022 <span class=\"_ _8\"> </span>Cash flow hedge reserve: represents cumulative gains or losses, net of tax, on effective cash flow hedging instruments.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs334\">\u2022 <span class=\"_ _8\"> </span>Capital reduction reserve: represents a distributable reserve created following a Court approved reduction in capital less </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs335\">dividends paid.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs336\">\u2022 <span class=\"_ _8\"> </span>Retained earnings represent cumulative net gains and losses recognised in the statement of comprehensive income.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs337\">\u2022 <span class=\"_ _8\"> </span>Other reserves represents cumulative gains or losses, net of tax, of foreign currency exchange rate differences recognised in </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs338\">a period as other comprehensive income. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs339\">\u2022 <span class=\"_ _8\"> </span>Share-based payment reserve represents the recognition of the value of services from employees in exchange for its own equity </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws1b gs33a\">instruments.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs33b\">The only movements in these reserves during the year are disclosed in the consolidated statement of changes in equity. </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-378": {
   "value": "25. Share capital<span class=\"_ _2aa\"> </span><table class=\"s w244 h121\" id=\"_97b32169-946c-4f80-922b-220a2bed5aba\"><tr><td></td><td></td><td></td><td class=\"t m0 x56f h1f y2949 ff52 fs8 fc1 sc0 ls22 ws1a\">Share <span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m0 x570 h1f y294a ff52 fs8 fc1 sc0 ls22 ws0\">Ordinary Shares<span class=\"ls1\"> </span></td><td class=\"t m0 x571 h1f y294b ff52 fs8 fc1 sc0 ls22 ws1a\">Share <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x410 h1f y294c ff52 fs8 fc1 sc0 ls22 ws1a\">premium <span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m0 x572 h1f y294d ff52 fs8 fc1 sc0 ls22 ws0\">of 1 pence<span class=\"ls1\"> </span></td><td class=\"t m0 x573 h1f y294e ff52 fs8 fc1 sc0 ls22 ws1a\">capital <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x574 h1f y294f ff52 fs8 fc1 sc0 ls22 ws1a\">reserve <span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m0 x2fd h1f y2950 ff52 fs8 fc1 sc0 ls22 ws1a\">Number<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1df h1f y2951 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x1e0 h1f y2952 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2953 w79 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">As at 1 July 2024<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x575 y2953 w127 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,246,239,185<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x576 y2953 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">12,462<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c3 y2953 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">500,386<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2954 w245 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Dividend paid in the period (note 13)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x577 y2954 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x578 y2954 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x579 y2954 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2955 w85 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">As at 30 June 2025<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57a y2955 w127 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,246,239,185<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x559 y2955 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">12,462<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1ad y2955 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">500,386<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y268f w79 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">As at 1 July 2023<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x575 y268f w127 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,246,239,185<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x576 y268f w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">12,462<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c3 y268f w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">500,386<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y26b6 w245 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Dividend paid in the period (note 13)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x577 y26b6 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x578 y26b6 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x579 y26b6 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w85 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">As at 30 June 2024<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57a y2665 w127 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,246,239,185<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x559 y2665 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">12,462<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1ad y2665 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">500,386<span class=\"_ _2aa\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-343": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs32a\">26. Cash flow hedge reserve<span class=\"_ _2aa\"> </span></div><div class=\"gs17f\"><table class=\"s w52 h122\" id=\"_038b0ea0-7d34-452d-af2e-1e8c79319c40\"><tr><td></td><td class=\"t m0 x1a2 h1f y2956 ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y2957 ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y2958 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2959 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y295a ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1a8 he y295b ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2740 w246 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">At start of the period<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f5 y2740 w27 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,539<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f6 y2740 w63 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">3,304<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 w247 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Recycled comprehensive income to profit and loss<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c4 y2737 w2a he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(1,539)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c8 y2737 w4a he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(1,154)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2723 w248 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Cash flow hedge reserve taken to profit or loss for the period on disposal of interest rate derivatives<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57b y2723 w23 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57c y2723 w3d he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w249 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Fair value movement of interest rate derivatives in effective hedges<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x479 y2690 w23 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x339 y2690 w81 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(611)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w24a he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">At the end of the period<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57d y2665 w23 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57e y2665 w27 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,539<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs32b\">During the prior period, a previously hedge accounted derivative in relation to the Wells Fargo facility was terminated. The residual </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs32c\">balance of the derivative was recycled to the income statement over the remaining period of the Wells Fargo facility to repayment </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs32d\">in May 2025.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-379": {
   "value": "27. Reserves<span class=\"_ _2aa\"> </span>The nature and purpose of each of the reserves included within equity at 30 June 2025 are as follows:<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Share premium reserve: represents the surplus of the gross proceeds of share issues over the nominal value of the shares, net of the direct costs of equity issues.<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Cash flow hedge reserve: represents cumulative gains or losses, net of tax, on effective cash flow hedging instruments.<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Capital reduction reserve: represents a distributable reserve created following a Court approved reduction in capital less dividends paid.<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Retained earnings represent cumulative net gains and losses recognised in the statement of comprehensive income.<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Other reserves represents cumulative gains or losses, net of tax, of foreign currency exchange rate differences recognised in a period as other comprehensive income. \u2022 <span class=\"_ _8\"> </span>Share-based payment reserve represents the recognition of the value of services from employees in exchange for its own equity instruments.<span class=\"_ _2aa\"> </span>The only movements in these reserves during the year are disclosed in the consolidated statement of changes in equity. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-344": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs33d\">28. Capital commitments<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs33e\">The Group had no capital commitments outstanding as at 30 June 2025 and 30 June 2024.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-380": {
   "value": "28. Capital commitments<span class=\"_ _2aa\"> </span>The Group had no capital commitments outstanding as at 30 June 2025 and 30 June 2024.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-345": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs340\">29. Operating leases<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs341\">The Group\u2019s principal assets are investment properties which are leased to third parties under non-cancellable operating leases. <span class=\"ls1\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs342\">The leases contain predominately fixed or inflation-linked uplifts.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs343\">The future minimum lease payments receivable under the Group\u2019s leases, are as follows:<span class=\"_ _2aa\"> </span></div><div class=\"gs344\"><table class=\"s w1c8 h123\" id=\"_0ee23358-5ddf-48e1-ae08-0316a4f63f5a\"><tr><td></td><td class=\"t m0 x424 he y295c ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td><td class=\"t m0 x218 he y295d ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 he y295e ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y295f ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a7 he y2960 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1a8 he y2961 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2962 w24b heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Year 1<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57f y2962 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">86,710<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x580 y2962 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">112,127<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2963 w24b heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Year 2<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57f y2963 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">85,800<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x580 y2963 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">111,887<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y279f w24b heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Year 3<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57f y279f w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">85,510<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x580 y279f w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">111,048<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28ab w24b heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Year 4<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57f y28ab w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">84,997<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x580 y28ab w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">108,241<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2750 w24b heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Year 5<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57f y2750 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">83,908<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x580 y2750 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">106,936<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y273f w24c heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Year 6-10<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b3 y273f w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">394,251<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b4 y273f w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">475,626<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2740 w24d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Year 11-15<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x581 y2740 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">236,486<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x582 y2740 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">281,725<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 w24d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Year 16-20<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2737 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">44,729<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2737 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">62,285<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w24d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Year 21-25<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y271b w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">17,375<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y271b w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">20,626<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w24e heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">More than 25 years<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x323 y2690 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">9,649<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x324 y2690 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">9,998<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1fd heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">Total<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f2 y2665 w54 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,129,415<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f3 y2665 w54 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,400,499</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-381": {
   "value": "29. Operating leases<span class=\"_ _2aa\"> </span>The Group\u2019s principal assets are investment properties which are leased to third parties under non-cancellable operating leases. <span class=\"ls1\"> </span>The leases contain predominately fixed or inflation-linked uplifts.<span class=\"_ _2aa\"> </span>The future minimum lease payments receivable under the Group\u2019s leases, are as follows:<span class=\"_ _2aa\"> </span><table class=\"s w1c8 h123\" id=\"_0ee23358-5ddf-48e1-ae08-0316a4f63f5a\"><tr><td></td><td class=\"t m0 x424 he y295c ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td><td class=\"t m0 x218 he y295d ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 he y295e ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y295f ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a7 he y2960 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1a8 he y2961 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2962 w24b heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Year 1<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57f y2962 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">86,710<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x580 y2962 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">112,127<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2963 w24b heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Year 2<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57f y2963 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">85,800<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x580 y2963 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">111,887<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y279f w24b heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Year 3<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57f y279f w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">85,510<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x580 y279f w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">111,048<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y28ab w24b heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Year 4<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57f y28ab w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">84,997<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x580 y28ab w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">108,241<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2750 w24b heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Year 5<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57f y2750 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">83,908<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x580 y2750 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">106,936<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y273f w24c heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Year 6-10<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b3 y273f w2d heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">394,251<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1b4 y273f w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">475,626<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2740 w24d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Year 11-15<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x581 y2740 w24 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">236,486<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x582 y2740 w25 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">281,725<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2737 w24d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Year 16-20<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y2737 w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">44,729<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y2737 w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">62,285<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y271b w24d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Year 21-25<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c9 y271b w32 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">17,375<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c6 y271b w42 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">20,626<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w24e heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">More than 25 years<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x323 y2690 w27 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">9,649<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x324 y2690 w63 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">9,998<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w1fd heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">Total<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f2 y2665 w54 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,129,415<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1f3 y2665 w54 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,400,499</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-346": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs346\">30. Net asset value per share<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs347\">NAV per share is calculated by dividing the Group\u2019s net assets as shown in the consolidated statement of financial position, by the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs348\">number of ordinary shares outstanding at the end of the year. As the LTIPs issued during the year are dilutive instruments, we show </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs349\">the effect of these in diluted NAV per share.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs34a\">The Group uses EPRA Net Tangible Assets as the most meaningful measure of long-term performance and the measure which is </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs34b\">being adopted by the majority of UK REITs, establishing it as the industry standard benchmark. It excludes items that are considered <span class=\"ls1\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs34c\">to have no impact in the long-term, such as the fair value of derivatives.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs34d\">NAV and EPRA NTA per share calculation are as follows:<span class=\"_ _2aa\"> </span></div><div class=\"gs34e\"><table class=\"s w24f h124\" id=\"_61cdb9c8-7895-4c21-b99e-76086fd25788\"><tr><td></td><td class=\"t m0 x583 h1f y2964 ff52 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td><td class=\"t m0 x584 he y2965 ff51 fs8 fc1 sc0 ls22 ws0\">As at <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x585 h1f y2966 ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x586 he y2967 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x587 h1f y2968 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x588 he y2969 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y296a w250 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Net assets per the consolidated statement of financial position<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x589 y296a w54 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,103,252</div></td><td class=\"c n x58a y296a w60 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,119,474<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y296b w251 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Fair value of interest rate derivatives (note 21)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c9 y296b w3c heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(11,224)</div></td><td class=\"c n x2bc y296b w30 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(31,449)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y296c w252 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Fair value of financial assets at amortised cost<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1c4 y296c w2a heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">(3,955)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2c8 y296c w4a heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">(3,493)<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y296d w253 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws0\">EPRA NTA<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x58b y296d w54 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,088,073</div></td><td class=\"c n x58c y296d w54 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,084,532<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276f w254 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Ordinary shares in issue at 30 June -Basic<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x58d y276f w127 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,246,239,185</div></td><td class=\"c n x58e y276f w255 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,246,239,185<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2857 w256 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Ordinary shares in issue at 30 June - Diluted<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x58f y2857 w127 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">1,248,570,767</div></td><td class=\"c n x58e y2857 w255 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">1,246,239,185<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2771 w257 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">NAV per share - Basic (pence)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x590 y2771 w258 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">88.5p<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x591 y2771 w259 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">89.8p<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2711 w25a heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">NAV per share - diluted (pence)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x592 y2711 w258 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">88.4p<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x552 y2711 w259 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">89.8p<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w25b heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">EPRA NTA per share (pence)<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x593 y2665 w258 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">87.1p<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x594 y2665 w259 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">87.0p</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNetAssetValueAttributableToUnitholdersExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-347": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs350\">31. Transactions with related parties<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs351\">Details of the related parties to the Group in the year and the transactions with these related parties were as follows: </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs352\">a. Directors<span class=\"_ _2aa\"> </span></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs353\">Directors\u2019 fees and salaries<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs354\">The table below shows the remuneration per annum for the roles performed by the Board as at 30 June 2025:<span class=\"_ _2aa\"> </span></div><div class=\"gs355\"><table class=\"s w25c h125\" id=\"_1dd21dca-7c9a-4979-85c9-077fba82c48b\"><tr><td></td><td class=\"t m0 x595 h1f y296e ff52 fs8 fc1 sc0 ls22 ws1a\">Robert </td><td class=\"t m0 x596 h1f y296e ff52 fs8 fc1 sc0 ls22 ws1a\">Michael </td><td class=\"t m0 x597 h1f y296e ff52 fs8 fc1 sc0 ls22 ws1a\">Jon <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x598 h1f y296e ff52 fs8 fc1 sc0 ls22 ws1a\">Roger </td><td class=\"t m0 x599 h1f y296e ff52 fs8 fc1 sc0 ls22 ws1a\">Frances </td><td class=\"t m0 x59a h1f y296e ff52 fs8 fc1 sc0 ls22 ws1a\">Nick </td><td class=\"t m0 x59b h1f y296e ff52 fs8 fc1 sc0 ls22 ws1a\">Vince <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x59c h1f y296e ff52 fs8 fc1 sc0 ls22 ws1a\">Sapna <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x59d h1f y296e ff52 fs8 fc1 sc0 ls22 ws1a\">Cathryn </td></tr><tr><td class=\"t m0 x59e h1f y296f ff52 fs8 fc1 sc0 ls22 ws1a\">Role<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x59f h1f y296f ff52 fs8 fc1 sc0 ls22 ws1a\">Abraham<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x5a0 h1f y296f ff52 fs8 fc1 sc0 ls22 ws1a\">Perkins<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x5a1 h1f y296f ff52 fs8 fc1 sc0 ls22 ws1a\">Austen<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x5a2 h1f y296f ff52 fs8 fc1 sc0 ls22 ws1a\">Blundell<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x5a3 h1f y296f ff52 fs8 fc1 sc0 ls22 ws1a\">Davies<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x5a4 h1f y296f ff52 fs8 fc1 sc0 ls22 ws1a\">Hewson<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x5a5 h1f y296f ff52 fs8 fc1 sc0 ls22 ws1a\">Prior<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x5a6 h1f y296f ff52 fs8 fc1 sc0 ls22 ws1a\">Shah<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x5a7 h1f y296f ff52 fs8 fc1 sc0 ls22 ws1a\">Vanderspar<span class=\"_ _2aa\"> </span></td></tr><tr><td></td><td class=\"c n x5a8 y2970 w25d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5a9 y2970 w25d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5aa y2970 w25d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ab y2970 w25e heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ac y2970 w25e heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ad y2970 w25f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ae y2970 w25f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5af y2970 w25e heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5b0 y2970 w25e heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2971 w260 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Chair of Board of Directors<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5b1 y2971 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5b2 y2971 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5b3 y2971 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5b4 y2971 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5b5 y2971 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5b6 y2971 w39 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">150<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5b7 y2971 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5b8 y2971 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5b9 y2971 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2972 w261 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Director<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ba y2972 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5bb y2972 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5bc y2972 w86 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">60<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5bd y2972 w35 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">60<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5be y2972 w70 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">60<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5bf y2972 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c0 y2972 w35 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">60<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c1 y2972 w35 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">60<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c2 y2972 w35 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">60<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x59e h20 y2973 ff51 fs14 fc1 sc0 ls23 ws0\">Audit and Risk </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2974 w262 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Committee Chair*<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c3 y2974 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c4 y2974 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c5 y2974 w35 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">10<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c6 y2974 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c7 y2974 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c8 y2974 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c9 y2974 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ca y2974 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57c y2974 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x59e h20 y2975 ff51 fs14 fc1 sc0 ls23 ws1b\">Nomination </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2976 w263 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Committee Chair<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ba y2976 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5bb y2976 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cb y2976 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cc y2976 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cd y2976 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ce y2976 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cf y2976 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d0 y2976 w35 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">10<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d1 y2976 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x59e h20 y2977 ff51 fs14 fc1 sc0 ls23 ws0\">Senior Independent <span class=\"ls1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2978 w261 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Director<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ba y2978 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5bb y2978 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cb y2978 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cc y2978 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cd y2978 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ce y2978 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cf y2978 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d0 y2978 w35 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">10<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d1 y2978 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x59e h20 y2979 ff51 fs14 fc1 sc0 ls23 ws1b\">Remuneration </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y297a w263 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Committee Chair<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ba y297a w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5bb y297a w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cb y297a w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cc y297a w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cd y297a w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ce y297a w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cf y297a w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d2 y297a w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d3 y297a w35 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">10<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y297b w264 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">ESG Committee Chair<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d4 y297b w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d5 y297b w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d6 y297b w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d7 y297b w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d8 y297b w35 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">10<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d9 y297b w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5da y297b w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5db y297b w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5dc y297b w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x59e h20 y297c ff51 fs14 fc1 sc0 ls23 ws0\">Management Engagement </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y268f w262 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Committee Chair*<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c3 y268f w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c4 y268f w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5dd y268f w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5de y268f w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5df y268f w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5e0 y268f w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5e1 y268f w70 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">10<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ca y268f w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57c y268f w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w265 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Chief Executive Officer**^<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5e2 y2690 w39 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">405<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5e3 y2690 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5e4 y2690 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5e5 y2690 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5e6 y2690 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5e7 y2690 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5e8 y2690 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5e9 y2690 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ea y2690 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w266 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Chief Financial Officer**^<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5eb y2665 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ec y2665 w39 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">297<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ed y2665 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ee y2665 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ef y2665 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d9 y2665 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5da y2665 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5db y2665 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5dc y2665 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs356\">** Receive Director salaries rather than Non-Executive fee<span class=\"_ _2aa\"> </span></div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs357\">*From <span class=\"_ gs358\"> </span> July <span class=\"_ gs249\"> </span>, the Management Engagement Committee was disbanded<span class=\"_ _2aa\"> </span></div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs359\">^Appointed <span class=\"_ gs35a\"> </span> March <span class=\"_ gs249\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs35c\">The table below shows the total remuneration received by each member of the Board for the year ended 30 June 2025:<span class=\"_ _2aa\"> </span></div><div class=\"gs226\"><table class=\"s wbe h126\" id=\"_158fde9b-fa12-4cbf-8a56-c91a29e6729b\"><tr><td></td><td class=\"t m0 x1a2 h1f y297d ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y297e ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y297f ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2980 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y2981 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1a8 he y2982 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2855 w267 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Nick Hewson<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y2855 w35 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">97<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ac y2855 w70 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">75<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276c w268 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Jon Austen<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y276c w35 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">66<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ac y276c w70 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">62<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2856 we5 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Vince Prior<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5f0 y2856 w35 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">62<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5f1 y2856 w35 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">61<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2847 w269 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Cathryn Vanderspar<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y2847 w35 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">62<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ac y2847 w70 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">58<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2983 w26a heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Frances Davies<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y2983 w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">62<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ac y2983 w70 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">58<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2857 w26b heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Sapna Shah<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y2857 w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">68<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ac y2857 w70 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">58<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2984 w26c heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Roger Blundell*<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y2984 w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">27<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1be y2984 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2711 w26d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Robert Abraham<span class=\"ls1\">^<span class=\"_ _2aa\"> </span></span></div></td><td class=\"c n x5f2 y2711 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">105<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5f3 y2711 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w26e heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Michael Perkins<span class=\"ls1\">^<span class=\"_ _2aa\"> </span></span></div></td><td class=\"c n x5f4 y2665 w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">77<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5f5 y2665 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs35d\">* Appointed <span class=\"_ gs35e\"> </span> January <span class=\"_ gs249\"> </span><span class=\"ls1\"> </span></div><div class=\"t m0 he ff51 fs8 fc1 sc0 ls16 ws0 gs35f\">^ Appointed <span class=\"_ gs35a\"> </span> March <span class=\"_ gs249\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs360\">The total remuneration payable to the Directors in respect of the current year and previous year are disclosed in note 8. </div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gs361\">Directors\u2019 interests<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs362\">Details of the direct and indirect interests of the Directors and their close families in the ordinary shares of one pence each in the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs363\">Company at 30 June 2025 were as follows:<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs364\">\u2022 <span class=\"_ _8\"> </span>Nick Hewson: 1,405,609 shares (0.11% of issued share capital)<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs365\">\u2022 <span class=\"_ _8\"> </span>Jon Austen: 305,339 shares (0.02% of issued share capital)<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs366\">\u2022 <span class=\"_ _8\"> </span>Vince Prior: 213,432 shares (0.02% of issued share capital)<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs367\">\u2022 <span class=\"_ _8\"> </span>Cathryn Vanderspar: 125,802 shares (0.01% of issued share capital)<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs368\">\u2022 <span class=\"_ _8\"> </span>Frances Davies: 36,774 shares (0.00% of issued share capital)<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs369\">\u2022 <span class=\"_ _8\"> </span>Sapna Shah: 118,862 shares (0.01% of issued share capital)<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs36a\">\u2022 <span class=\"_ _8\"> </span>Roger Blundell: 100,000 shares (0.01% of issued share capital)<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs36b\">\u2022 <span class=\"_ _8\"> </span>Robert Abraham: 162,213 shares (0.01% of issued share capital)<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs36c\">\u2022 <span class=\"_ _8\"> </span>Michael Perkins: 14,911 shares (0.00% of issued share capital)<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs36d\">Details of the direct and indirect interest of the Directors and their close families in the ordinary shares of one pence each in the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs36e\">Company at the date of signing the accounts were as follows:<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs36f\">\u2022 <span class=\"_ _8\"> </span>Nick Hewson: 1,446,609 shares (0.12% of issued share capital)<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs370\">\u2022 <span class=\"_ _8\"> </span>Jon Austen: 305,339 shares (0.02% of issued share capital)<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs371\">\u2022 <span class=\"_ _8\"> </span>Vince Prior: 213,432 shares (0.02% of issued share capital)<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs372\">\u2022 <span class=\"_ _8\"> </span>Cathryn Vanderspar: 125,802 shares (0.01% of issued share capital)<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs373\">\u2022 <span class=\"_ _8\"> </span>Frances Davies: 36,774 shares (0.00% of issued share capital)<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs374\">\u2022 <span class=\"_ _8\"> </span>Sapna Shah: 182,807 (0.01% of issued share capital)<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs375\">\u2022 <span class=\"_ _8\"> </span>Roger Blundell: 100,000 shares (0.01% of issued share capital)<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs376\">\u2022 <span class=\"_ _8\"> </span>Robert Abraham: 162,213 shares (0.01% of issued share capital)<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs377\">\u2022 <span class=\"_ _8\"> </span>Michael Perkins: 14,911 shares (0.00% of issued share capital)<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h2e ff52 fs14 fc1 sc0 ls23 ws0 gs378\">b. Investment Adviser<span class=\"_ _2aa\"> </span></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs379\">Investment advisory and accounting fees<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs37a\">The investment adviser to the Group, Atrato Capital Limited (the \u201cInvestment Adviser\u201d), is entitled to certain advisory fees under the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs37b\">terms of the Investment Advisory Agreement (the \u201cAgreement\u201d) dated 14 July 2021. On the 25 March 2025 the Company announced </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs37c\">the Internalisation of the management function from which date Atrato Capital Limited no longer served as the Investment Adviser.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs37d\">The entitlement of the Investment Adviser to advisory fees was by way of what are termed \u2018Monthly Management Fees\u2019 and </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs37e\">\u2018Semi-Annual Management Fees\u2019 both of which are calculated by reference to the net asset value of the Group at particular dates, as </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs37f\">adjusted for the financial impact of certain investment events and after deducting any uninvested proceeds from share issues up to </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs380\">the date of the calculation of the relevant fee (these adjusted amounts are referred to as \u2018Adjusted Net Asset Value\u2019 for the purpose of </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs381\">calculation of the fees in accordance with the Agreement).<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs382\">Until the Adjusted Net Value of the Group exceeds \u00a31,500 million, the entitlements to advisory fees can be summarised as follows:<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs383\">\u2022 <span class=\"_ _8\"> </span>Monthly Management Fee payable monthly in arrears: 1/12th of 0.7125% per calendar month of Adjusted Net Asset Value up </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs384\">to or equal to \u00a3500 million, 1/12th of 0.5625% per calendar month of Adjusted Net Asset Value above \u00a3500 million and up to or </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs385\">equal to \u00a31,000 million and 1/12th of 0.4875% per calendar month of Adjusted Net Asset Value above \u00a31,000 and up to or equal to </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs386\">\u00a31,500 million.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs387\">\u2022 <span class=\"_ _8\"> </span>Semi-Annual Management Fee payable semi-annually in arrears: 0.11875% of Adjusted Net Asset Value up to or equal to </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs388\">\u00a3500 million, 0.09375% of Adjusted Net Asset Value above \u00a3500 million and up to or equal to \u00a31,000 million and 0.08125% of </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs389\">Adjusted Net Asset Value above \u00a31,000 million and up to or equal to \u00a31,500 million.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs38b\">During the period the Group agreed with the Investment Adviser to move the basis of the management fee calculation from net asset </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs38c\">value to market capitalisation, effective from 1 July 2025. The current fee thresholds and rates applied to the net asset value are </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs38d\">retained in the new agreement. The new agreement provides that 100% of the management fee will be paid monthly such that there </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs38e\">is no semi-annual management fee. Atrato Group was also to provide the following services as part of the new agreements:<span class=\"_ _2aa\"> </span></div><div class=\"gs38f\"><table class=\"s w26f h127\" id=\"_9d8c6d98-aa2b-47b4-a3ef-3f6db3899dd5\"><tr><td class=\"c n x1aa y2985 w270 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">Service<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5f6 y2987 w271 hfe\"><div class=\"t m0 x1a9 h2e y2986 ff52 fs8 fc1 sc0 ls22 ws0\">Fees per annum<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2771 w272 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Payment services<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5f7 y2771 w273 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a3150,000<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2711 w1e6 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">AIFM<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5f7 y2711 w273 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a3135,000<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w274 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Company Secretarial<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5f8 y2665 w275 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a3250,000<span class=\"_ _2aa\"> </span></div></td></tr></table></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs390\">Due to the internalisation Atrato Group did not provide the services or receive fees in respect of AIFM and payment services.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs391\">For the period 1 July 2024 to 25 March 2025 the total fees payable to Atrato Group were \u00a327,593,032 (2024: \u00a39,472,218) of which </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs392\">\u00a3nil (2024: \u00a31,745,960) is included in trade and other payables in the consolidated statement of financial position as at 30 June 2025. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs393\">\u00a320,800,000 related to amounts payable to Atrato Group for the Internalisation of the management function as follows:<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs394\">\u2022 <span class=\"_ _8\"> </span>Termination of the Investment Advisory agreements - \u00a319,700,000<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs395\">\u2022 <span class=\"_ _8\"> </span>Termination of AIFM agreement - \u00a3300,000<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs396\">\u2022 <span class=\"_ _8\"> </span>Transitional services - \u00a3800,000<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs397\">The Investment Adviser was also entitled to an annual accounting and administration service fee equal to: \u00a354,107; plus (i) \u00a34,386 </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs398\">for any indirect subsidiary of the Company and (ii) \u00a31,702 for each direct subsidiary of the Company. A full list of the Company and its </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs399\">direct and indirect subsidiary undertakings is listed in Note 15 of these financial statements. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs39a\">For the period from 1 July 2024 to 25 March 2025 the total accounting and administration service fee payable to the Investment </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs39b\">Adviser was \u00a3250,353 (2024: \u00a3363,869) of which \u00a388,801 (2024: \u00a391,950) is included in trade and other payables in the consolidated </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs39c\">statement of financial position as at 30 June 2025. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs39d\">For the period from 1 July 2024 to 25 March 2025 the total Company Secretarial fees payable to the Investment Advisor were: \u00a363,401 </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs39e\">which was outstanding as at the year end.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs39f\">Introducer Services<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3a0\">Atrato Partners, an affiliate of the Investment Adviser, was entitled to fees in relation to the successful introduction of prospective </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3a1\">investors in connection with subscriptions for ordinary share capital in the Company. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3a2\">The entitlement of the Investment Adviser to introducer fees is by fees and/or commission which can be summarised as follows: </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3a3\">\u2022 <span class=\"_ _8\"> </span>Commission basis: 1% of total subscription in respect of ordinary shares subscribed for by any prospective investor introduced by </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3a4\">Atrato Partners. </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3a5\">For the period to 25 March 2025 the total introducer fees payable to the affiliate of the Investment Adviser were \u00a3nil (2024: \u00a3nil).<span class=\"_ _2aa\"> </span></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs3a6\">Charitable donations<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3a7\">The Company approved a policy to make charitable donations of \u00a3150,000 per annum. During the year \u00a3180,000 was approved by the </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3a8\">Board and paid during the year (2024: \u00a3120,000). The donations will be made to the Atrato Foundation, a corporate charity registered </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3a9\">with the Charity Commission and Companies House, whose Trustees are Robert Abraham, Michael Carey (a Managing Director at </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3aa\">Atrato Group) and Natalie Markham (CFO at Atrato Group). The donations will be made in the form of a restricted grant, the funds will </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3ab\">be directed to charitable causes specified by the Board of the Company. For further information on the Company\u2019s charitable activities, </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3ac\">please refer to page 11.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 hc5 ff59 fs14 fc1 sc0 ls23 ws0 gs3ad\">Joint Venture<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3ae\">On 16 May 2025, the Group entered into a joint venture agreement with Blue Owl, for full details please see Note 16.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-382": {
   "value": "31. Transactions with related parties<span class=\"_ _2aa\"> </span>Details of the related parties to the Group in the year and the transactions with these related parties were as follows: a. Directors<span class=\"_ _2aa\"> </span>Directors\u2019 fees and salaries<span class=\"_ _2aa\"> </span>The table below shows the remuneration per annum for the roles performed by the Board as at 30 June 2025:<span class=\"_ _2aa\"> </span><table class=\"s w25c h125\" id=\"_1dd21dca-7c9a-4979-85c9-077fba82c48b\"><tr><td></td><td class=\"t m0 x595 h1f y296e ff52 fs8 fc1 sc0 ls22 ws1a\">Robert </td><td class=\"t m0 x596 h1f y296e ff52 fs8 fc1 sc0 ls22 ws1a\">Michael </td><td class=\"t m0 x597 h1f y296e ff52 fs8 fc1 sc0 ls22 ws1a\">Jon <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x598 h1f y296e ff52 fs8 fc1 sc0 ls22 ws1a\">Roger </td><td class=\"t m0 x599 h1f y296e ff52 fs8 fc1 sc0 ls22 ws1a\">Frances </td><td class=\"t m0 x59a h1f y296e ff52 fs8 fc1 sc0 ls22 ws1a\">Nick </td><td class=\"t m0 x59b h1f y296e ff52 fs8 fc1 sc0 ls22 ws1a\">Vince <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x59c h1f y296e ff52 fs8 fc1 sc0 ls22 ws1a\">Sapna <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x59d h1f y296e ff52 fs8 fc1 sc0 ls22 ws1a\">Cathryn </td></tr><tr><td class=\"t m0 x59e h1f y296f ff52 fs8 fc1 sc0 ls22 ws1a\">Role<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x59f h1f y296f ff52 fs8 fc1 sc0 ls22 ws1a\">Abraham<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x5a0 h1f y296f ff52 fs8 fc1 sc0 ls22 ws1a\">Perkins<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x5a1 h1f y296f ff52 fs8 fc1 sc0 ls22 ws1a\">Austen<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x5a2 h1f y296f ff52 fs8 fc1 sc0 ls22 ws1a\">Blundell<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x5a3 h1f y296f ff52 fs8 fc1 sc0 ls22 ws1a\">Davies<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x5a4 h1f y296f ff52 fs8 fc1 sc0 ls22 ws1a\">Hewson<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x5a5 h1f y296f ff52 fs8 fc1 sc0 ls22 ws1a\">Prior<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x5a6 h1f y296f ff52 fs8 fc1 sc0 ls22 ws1a\">Shah<span class=\"_ _2aa\"> </span></td><td class=\"t m0 x5a7 h1f y296f ff52 fs8 fc1 sc0 ls22 ws1a\">Vanderspar<span class=\"_ _2aa\"> </span></td></tr><tr><td></td><td class=\"c n x5a8 y2970 w25d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5a9 y2970 w25d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5aa y2970 w25d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ab y2970 w25e heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ac y2970 w25e heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ad y2970 w25f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ae y2970 w25f heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5af y2970 w25e heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5b0 y2970 w25e heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2971 w260 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Chair of Board of Directors<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5b1 y2971 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5b2 y2971 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5b3 y2971 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5b4 y2971 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5b5 y2971 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5b6 y2971 w39 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">150<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5b7 y2971 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5b8 y2971 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5b9 y2971 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2972 w261 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Director<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ba y2972 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5bb y2972 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5bc y2972 w86 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">60<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5bd y2972 w35 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">60<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5be y2972 w70 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">60<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5bf y2972 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c0 y2972 w35 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">60<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c1 y2972 w35 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">60<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c2 y2972 w35 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">60<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x59e h20 y2973 ff51 fs14 fc1 sc0 ls23 ws0\">Audit and Risk </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2974 w262 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Committee Chair*<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c3 y2974 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c4 y2974 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c5 y2974 w35 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">10<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c6 y2974 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c7 y2974 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c8 y2974 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c9 y2974 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ca y2974 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57c y2974 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x59e h20 y2975 ff51 fs14 fc1 sc0 ls23 ws1b\">Nomination </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2976 w263 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Committee Chair<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ba y2976 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5bb y2976 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cb y2976 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cc y2976 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cd y2976 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ce y2976 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cf y2976 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d0 y2976 w35 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">10<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d1 y2976 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x59e h20 y2977 ff51 fs14 fc1 sc0 ls23 ws0\">Senior Independent <span class=\"ls1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y2978 w261 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">Director<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ba y2978 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5bb y2978 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cb y2978 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cc y2978 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cd y2978 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ce y2978 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cf y2978 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d0 y2978 w35 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">10<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d1 y2978 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x59e h20 y2979 ff51 fs14 fc1 sc0 ls23 ws1b\">Remuneration </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y297a w263 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Committee Chair<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ba y297a w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5bb y297a w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cb y297a w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cc y297a w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cd y297a w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ce y297a w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5cf y297a w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d2 y297a w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d3 y297a w35 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">10<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y297b w264 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">ESG Committee Chair<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d4 y297b w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d5 y297b w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d6 y297b w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d7 y297b w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d8 y297b w35 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">10<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d9 y297b w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5da y297b w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5db y297b w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5dc y297b w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"t m0 x59e h20 y297c ff51 fs14 fc1 sc0 ls23 ws0\">Management Engagement </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1aa y268f w262 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Committee Chair*<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c3 y268f w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5c4 y268f w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5dd y268f w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5de y268f w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5df y268f w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5e0 y268f w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5e1 y268f w70 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">10<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ca y268f w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x57c y268f w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2690 w265 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Chief Executive Officer**^<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5e2 y2690 w39 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">405<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5e3 y2690 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5e4 y2690 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5e5 y2690 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5e6 y2690 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5e7 y2690 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5e8 y2690 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5e9 y2690 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ea y2690 w3d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w266 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws0\">Chief Financial Officer**^<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5eb y2665 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ec y2665 w39 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls23 ws1b\">297<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ed y2665 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ee y2665 w7d heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5ef y2665 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5d9 y2665 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5da y2665 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5db y2665 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5dc y2665 w23 heb\"><div class=\"t m0 x1a9 h20 y26cc ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr></table>** Receive Director salaries rather than Non-Executive fee<span class=\"_ _2aa\"> </span>*From <span class=\"_ gs358\"> </span> July <span class=\"_ gs249\"> </span>, the Management Engagement Committee was disbanded<span class=\"_ _2aa\"> </span>^Appointed <span class=\"_ gs35a\"> </span> March <span class=\"_ gs249\"> </span>The table below shows the total remuneration received by each member of the Board for the year ended 30 June 2025:<span class=\"_ _2aa\"> </span><table class=\"s wbe h126\" id=\"_158fde9b-fa12-4cbf-8a56-c91a29e6729b\"><tr><td></td><td class=\"t m0 x1a2 h1f y297d ff52 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td><td class=\"t m0 x1a3 he y297e ff51 fs8 fc1 sc0 ls22 ws0\">Year to <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a4 h1f y297f ff52 fs8 fc1 sc0 ls22 ws0\">30 June 2025 </td><td class=\"t m0 x1a5 he y2980 ff51 fs8 fc1 sc0 ls22 ws0\">30 June 2024 <span class=\"ls1\"> </span></td></tr><tr><td></td><td class=\"t m0 x1a7 h1f y2981 ff52 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000 </td><td class=\"t m0 x1a8 he y2982 ff51 fs8 fc1 sc0 ls22 ws1a\">\u00a3\u2019000<span class=\"_ _2aa\"> </span></td></tr><tr><td class=\"c n x1aa y2855 w267 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Nick Hewson<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y2855 w35 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">97<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ac y2855 w70 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">75<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y276c w268 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Jon Austen<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y276c w35 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">66<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ac y276c w70 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">62<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2856 we5 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Vince Prior<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5f0 y2856 w35 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">62<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5f1 y2856 w35 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">61<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2847 w269 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Cathryn Vanderspar<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y2847 w35 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">62<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ac y2847 w70 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">58<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2983 w26a heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Frances Davies<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y2983 w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">62<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ac y2983 w70 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">58<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2857 w26b heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Sapna Shah<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y2857 w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">68<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x2ac y2857 w70 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">58<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2984 w26c heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Roger Blundell*<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1eb y2984 w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">27<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x1be y2984 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2711 w26d heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Robert Abraham<span class=\"ls1\">^<span class=\"_ _2aa\"> </span></span></div></td><td class=\"c n x5f2 y2711 w39 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">105<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5f3 y2711 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w26e heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Michael Perkins<span class=\"ls1\">^<span class=\"_ _2aa\"> </span></span></div></td><td class=\"c n x5f4 y2665 w35 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">77<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5f5 y2665 w23 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _2aa\"> </span></div></td></tr></table>* Appointed <span class=\"_ gs35e\"> </span> January <span class=\"_ gs249\"> </span><span class=\"ls1\"> </span>^ Appointed <span class=\"_ gs35a\"> </span> March <span class=\"_ gs249\"> </span>The total remuneration payable to the Directors in respect of the current year and previous year are disclosed in note 8. Directors\u2019 interests<span class=\"_ _2aa\"> </span>Details of the direct and indirect interests of the Directors and their close families in the ordinary shares of one pence each in the Company at 30 June 2025 were as follows:<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Nick Hewson: 1,405,609 shares (0.11% of issued share capital)<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Jon Austen: 305,339 shares (0.02% of issued share capital)<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Vince Prior: 213,432 shares (0.02% of issued share capital)<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Cathryn Vanderspar: 125,802 shares (0.01% of issued share capital)<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Frances Davies: 36,774 shares (0.00% of issued share capital)<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Sapna Shah: 118,862 shares (0.01% of issued share capital)<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Roger Blundell: 100,000 shares (0.01% of issued share capital)<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Robert Abraham: 162,213 shares (0.01% of issued share capital)<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Michael Perkins: 14,911 shares (0.00% of issued share capital)<span class=\"_ _2aa\"> </span>Details of the direct and indirect interest of the Directors and their close families in the ordinary shares of one pence each in the Company at the date of signing the accounts were as follows:<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Nick Hewson: 1,446,609 shares (0.12% of issued share capital)<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Jon Austen: 305,339 shares (0.02% of issued share capital)<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Vince Prior: 213,432 shares (0.02% of issued share capital)<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Cathryn Vanderspar: 125,802 shares (0.01% of issued share capital)<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Frances Davies: 36,774 shares (0.00% of issued share capital)<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Sapna Shah: 182,807 (0.01% of issued share capital)<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Roger Blundell: 100,000 shares (0.01% of issued share capital)<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Robert Abraham: 162,213 shares (0.01% of issued share capital)<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Michael Perkins: 14,911 shares (0.00% of issued share capital)<span class=\"_ _2aa\"> </span>b. Investment Adviser<span class=\"_ _2aa\"> </span>Investment advisory and accounting fees<span class=\"_ _2aa\"> </span>The investment adviser to the Group, Atrato Capital Limited (the \u201cInvestment Adviser\u201d), is entitled to certain advisory fees under the terms of the Investment Advisory Agreement (the \u201cAgreement\u201d) dated 14 July 2021. On the 25 March 2025 the Company announced the Internalisation of the management function from which date Atrato Capital Limited no longer served as the Investment Adviser.<span class=\"_ _2aa\"> </span>The entitlement of the Investment Adviser to advisory fees was by way of what are termed \u2018Monthly Management Fees\u2019 and \u2018Semi-Annual Management Fees\u2019 both of which are calculated by reference to the net asset value of the Group at particular dates, as adjusted for the financial impact of certain investment events and after deducting any uninvested proceeds from share issues up to the date of the calculation of the relevant fee (these adjusted amounts are referred to as \u2018Adjusted Net Asset Value\u2019 for the purpose of calculation of the fees in accordance with the Agreement).<span class=\"_ _2aa\"> </span>Until the Adjusted Net Value of the Group exceeds \u00a31,500 million, the entitlements to advisory fees can be summarised as follows:<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Monthly Management Fee payable monthly in arrears: 1/12th of 0.7125% per calendar month of Adjusted Net Asset Value up to or equal to \u00a3500 million, 1/12th of 0.5625% per calendar month of Adjusted Net Asset Value above \u00a3500 million and up to or equal to \u00a31,000 million and 1/12th of 0.4875% per calendar month of Adjusted Net Asset Value above \u00a31,000 and up to or equal to \u00a31,500 million.<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Semi-Annual Management Fee payable semi-annually in arrears: 0.11875% of Adjusted Net Asset Value up to or equal to \u00a3500 million, 0.09375% of Adjusted Net Asset Value above \u00a3500 million and up to or equal to \u00a31,000 million and 0.08125% of Adjusted Net Asset Value above \u00a31,000 million and up to or equal to \u00a31,500 million.<span class=\"_ _2aa\"> </span>During the period the Group agreed with the Investment Adviser to move the basis of the management fee calculation from net asset value to market capitalisation, effective from 1 July 2025. The current fee thresholds and rates applied to the net asset value are retained in the new agreement. The new agreement provides that 100% of the management fee will be paid monthly such that there is no semi-annual management fee. Atrato Group was also to provide the following services as part of the new agreements:<span class=\"_ _2aa\"> </span><table class=\"s w26f h127\" id=\"_9d8c6d98-aa2b-47b4-a3ef-3f6db3899dd5\"><tr><td class=\"c n x1aa y2985 w270 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">Service<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5f6 y2987 w271 hfe\"><div class=\"t m0 x1a9 h2e y2986 ff52 fs8 fc1 sc0 ls22 ws0\">Fees per annum<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2771 w272 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Payment services<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5f7 y2771 w273 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a3150,000<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2711 w1e6 he9\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws1b\">AIFM<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5f7 y2711 w273 he9\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a3135,000<span class=\"_ _2aa\"> </span></div></td></tr><tr><td class=\"c n x1aa y2665 w274 heb\"><div class=\"t m0 x1a9 h2e y264c ff51 fs14 fc1 sc0 ls23 ws0\">Company Secretarial<span class=\"_ _2aa\"> </span></div></td><td class=\"c n x5f8 y2665 w275 heb\"><div class=\"t m0 x1a9 h2e y264c ff52 fs14 fc1 sc0 ls23 ws1b\">\u00a3250,000<span class=\"_ _2aa\"> </span></div></td></tr></table>Due to the internalisation Atrato Group did not provide the services or receive fees in respect of AIFM and payment services.<span class=\"_ _2aa\"> </span>For the period 1 July 2024 to 25 March 2025 the total fees payable to Atrato Group were \u00a327,593,032 (2024: \u00a39,472,218) of which \u00a3nil (2024: \u00a31,745,960) is included in trade and other payables in the consolidated statement of financial position as at 30 June 2025. \u00a320,800,000 related to amounts payable to Atrato Group for the Internalisation of the management function as follows:<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Termination of the Investment Advisory agreements - \u00a319,700,000<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Termination of AIFM agreement - \u00a3300,000<span class=\"_ _2aa\"> </span>\u2022 <span class=\"_ _8\"> </span>Transitional services - \u00a3800,000<span class=\"_ _2aa\"> </span>The Investment Adviser was also entitled to an annual accounting and administration service fee equal to: \u00a354,107; plus (i) \u00a34,386 for any indirect subsidiary of the Company and (ii) \u00a31,702 for each direct subsidiary of the Company. A full list of the Company and its direct and indirect subsidiary undertakings is listed in Note 15 of these financial statements. For the period from 1 July 2024 to 25 March 2025 the total accounting and administration service fee payable to the Investment Adviser was \u00a3250,353 (2024: \u00a3363,869) of which \u00a388,801 (2024: \u00a391,950) is included in trade and other payables in the consolidated statement of financial position as at 30 June 2025. For the period from 1 July 2024 to 25 March 2025 the total Company Secretarial fees payable to the Investment Advisor were: \u00a363,401 which was outstanding as at the year end.<span class=\"_ _2aa\"> </span>Introducer Services<span class=\"_ _2aa\"> </span>Atrato Partners, an affiliate of the Investment Adviser, was entitled to fees in relation to the successful introduction of prospective investors in connection with subscriptions for ordinary share capital in the Company. The entitlement of the Investment Adviser to introducer fees is by fees and/or commission which can be summarised as follows: \u2022 <span class=\"_ _8\"> </span>Commission basis: 1% of total subscription in respect of ordinary shares subscribed for by any prospective investor introduced by Atrato Partners. For the period to 25 March 2025 the total introducer fees payable to the affiliate of the Investment Adviser were \u00a3nil (2024: \u00a3nil).<span class=\"_ _2aa\"> </span>Charitable donations<span class=\"_ _2aa\"> </span>The Company approved a policy to make charitable donations of \u00a3150,000 per annum. During the year \u00a3180,000 was approved by the Board and paid during the year (2024: \u00a3120,000). The donations will be made to the Atrato Foundation, a corporate charity registered with the Charity Commission and Companies House, whose Trustees are Robert Abraham, Michael Carey (a Managing Director at Atrato Group) and Natalie Markham (CFO at Atrato Group). The donations will be made in the form of a restricted grant, the funds will be directed to charitable causes specified by the Board of the Company. For further information on the Company\u2019s charitable activities, please refer to page 11.<span class=\"_ _2aa\"> </span>Joint Venture<span class=\"_ _2aa\"> </span>On 16 May 2025, the Group entered into a joint venture agreement with Blue Owl, for full details please see Note 16.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  },
  "fact-348": {
   "value": "<div class=\"t m0 h2f ff54 fs14 fc1 sc0 ls23 ws0 gs3b0\">32. Subsequent events<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3b1\">In July 2025, the Group announced the acquisition of a Tesco store in Ashford for a purchase price of \u00a354.1 million (excluding </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3b2\">acquisition costs) and a net initial yield of 7.0%.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3b3\">In July 2025, the Group completed its debut issuance of a \u00a3250 million sterling-denominated senior unsecured bond with a term of </div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3b4\">6 years. The bonds bear a coupon on 5.125% and were priced at a spread of 115 basis points over the relevant benchmark.<span class=\"_ _2aa\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3b5\">In August 2025, the Group completed the acquisition of a Waitrose in Anglesey, Wales for a purchase price of \u00a34.8 million <span class=\"ls1\"> </span></div><div class=\"t m0 h20 ff51 fs14 fc1 sc0 ls23 ws0 gs3b6\">(excluding acquisition costs) and a net initial yield of 6.1%.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:2138007FOINJKAM7L537",
    "period": "2024-07-01T00:00:00/2025-07-01T00:00:00"
   }
  }
 }
}