What this is
Registry year to March 2025 operating profit £16.795m versus the ceiling band £17.0-17.55m: it is £0.205m BELOW the bottom of the band (and £0.755m below the top). Net-asset rise £15.26m (= PAT) is the cross-check.
Where it comes from
Our calculation from other figures in the trainer’s notes:
Show the working
- derived from cited input facts
- no verbatim quote