| £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
| Balance Sheet | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 5,849.40 | 5,374.30 | 4,476.90 | 4,264.00 | 3,221.00 |
| Intangible Assets | 242.10 | 240.20 | 178.80 | 177.80 | 43.50 |
| Investment Properties | n/a | n/a | n/a | n/a | n/a |
| Investments | 1.80 | 1.00 | 0.30 | n/a | n/a |
| Other Financial Assets | 23.00 | 18.30 | 34.50 | 14.80 | n/a |
| Other Non-Current Assets | 30.70 | 35.30 | 52.50 | 75.90 | 12.60 |
| 6,147.00 | 5,669.10 | 4,743.00 | 4,532.50 | 3,277.10 | |
| Current Assets | |||||
| Inventories | 12.80 | 13.20 | 10.00 | 7.70 | 5.40 |
| Trade & Other Receivables | 391.80 | 355.40 | 238.00 | 272.40 | 216.80 |
| Current Investments - Listed | n/a | n/a | n/a | n/a | n/a |
| Current Investments - Deposits | n/a | n/a | n/a | n/a | n/a |
| Current Investments - Unlisted | n/a | n/a | n/a | n/a | n/a |
| Cash at Bank & in Hand | 417.90 | 134.00 | 165.40 | 519.00 | 2,919.30 |
| Cash on Short Term Deposit | n/a | n/a | n/a | n/a | n/a |
| Other Current Assets | 78.10 | 66.80 | 29.10 | 5.60 | 1.40 |
| 900.60 | 569.40 | 442.50 | 804.70 | 3,142.90 | |
| Other Assets | n/a | n/a | n/a | n/a | n/a |
| Total Assets | 7,047.60 | 6,238.50 | 5,185.50 | 5,337.20 | 6,420.00 |
| Current Liabilities | |||||
| Trade & Other Payables | 331.00 | 346.50 | 225.40 | 171.50 | 126.10 |
| Borrowings | 257.70 | 240.80 | 127.30 | 242.70 | 88.30 |
| Finance Lease Obligations | n/a | n/a | n/a | n/a | n/a |
| Other Current Liabilities | 7.30 | 5.40 | 2.80 | 1.00 | 9.40 |
| 596.00 | 592.70 | 355.50 | 415.20 | 223.80 | |
| Net Current Assets | en/a | en/a | en/a | en/a | en/a |
| Non-Current Liabilities | |||||
| Borrowings | 4,296.90 | 3,775.50 | 3,040.10 | 2,997.80 | 2,766.70 |
| Finance Lease Obligations | n/a | n/a | n/a | n/a | n/a |
| Other Non-Current Liabilities | 172.90 | 158.20 | 157.70 | 137.20 | 185.10 |
| Provisions - Deferred Tax | 530.60 | 548.40 | 507.00 | 512.40 | 259.60 |
| Provisions - Other | 0.50 | 1.10 | n/a | n/a | n/a |
| 5,000.90 | 4,483.20 | 3,704.80 | 3,647.40 | 3,211.40 | |
| Other Liabilities | n/a | n/a | n/a | n/a | n/a |
| Total Liabilities | 5,596.90 | 5,075.90 | 4,060.30 | 4,062.60 | 3,435.20 |
| Net Assets | 1,450.70 | 1,162.60 | 1,125.20 | 1,274.60 | 2,984.80 |
| Share Capital | 288.10 | 174.60 | 159.50 | 161.70 | 171.80 |
| Share Premium Account | 755.00 | 398.20 | 237.60 | 235.50 | 232.10 |
| Other Reserves | 157.10 | 157.10 | 157.10 | 154.70 | 144.20 |
| Retained Earnings | 248.00 | 431.30 | 570.60 | 722.60 | 2,436.80 |
| 1,448.20 | 1,161.20 | 1,124.80 | 1,274.50 | 2,984.90 | |
| Minority Interests/Other Equity | 2.50 | 1.40 | 0.40 | 0.10 | (0.10) |
| Total Equity | 1,450.70 | 1,162.60 | 1,125.20 | 1,274.60 | 2,984.80 |
| £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
| Notes to Balance Sheet | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Shareholders Funds - Equity | en/a | en/a | en/a | en/a | en/a |
| Shareholders Funds - Non Equity | en/a | en/a | en/a | en/a | en/a |
| en/a | en/a | en/a | en/a | en/a | |
| Borrowing Analysis | |||||
| Borrowings Under 1 year | n/a | n/a | n/a | n/a | n/a |
| Due 1 - 2 years | n/a | n/a | n/a | n/a | n/a |
| Due 2 - 5 years | n/a | n/a | n/a | n/a | n/a |
| Due After 5 years | n/a | n/a | n/a | n/a | n/a |
| Due 1 - 5 years Unanalysed | n/a | n/a | n/a | n/a | n/a |
| Due After 1 year Unanalysed | n/a | n/a | n/a | n/a | n/a |
| Less: Borrowings in Other Creditors | n/a | n/a | n/a | n/a | n/a |
| Total Borrowings | 4,554.60 | 4,016.30 | 3,167.40 | 3,240.50 | 2,855.00 |
| Property, Plant & Equipment Analysis | |||||
| Property | |||||
| Cost/Value at Start of Year | n/a | n/a | n/a | n/a | n/a |
| Acquisitions | n/a | n/a | n/a | n/a | n/a |
| Additions | n/a | n/a | n/a | n/a | n/a |
| Disposals | n/a | n/a | n/a | n/a | n/a |
| Exchanges & Other Movements | n/a | n/a | n/a | n/a | n/a |
| Cost/Value at End of Year | n/a | n/a | n/a | n/a | n/a |
| Property Depreciation | |||||
| At Start of Year | n/a | n/a | n/a | n/a | n/a |
| Acquisitions | n/a | n/a | n/a | n/a | n/a |
| Provided During Year | n/a | n/a | n/a | n/a | n/a |
| Disposals | n/a | n/a | n/a | n/a | n/a |
| Exchange & Other Movements | n/a | n/a | n/a | n/a | n/a |
| Cost/Value at End of Year | n/a | n/a | n/a | n/a | n/a |
| Property Net Book Value | n/a | n/a | n/a | n/a | n/a |
| Other Fixed Assets | |||||
| Cost/Value at Start of Year | n/a | n/a | n/a | n/a | n/a |
| Acquisitions | n/a | n/a | n/a | n/a | n/a |
| Additions | n/a | n/a | n/a | n/a | n/a |
| Disposals | n/a | n/a | n/a | n/a | n/a |
| Exchange & Other Movements | n/a | n/a | n/a | n/a | n/a |
| Cost/Value at End of Year | n/a | n/a | n/a | n/a | n/a |
| Other Fixed Assets Deprecation | |||||
| At Start of Year | n/a | n/a | n/a | n/a | n/a |
| Acquisitions | n/a | n/a | n/a | n/a | n/a |
| Provided During Year | n/a | n/a | n/a | n/a | n/a |
| Disposals | n/a | n/a | n/a | n/a | n/a |
| Exchange & Other Movements | n/a | n/a | n/a | n/a | n/a |
| At End of Year | n/a | n/a | n/a | n/a | n/a |
| Other Fixed Assets Net Book Value | n/a | n/a | n/a | n/a | n/a |
| Total Property, Plant & Equipment Net Book Value | n/a | n/a | n/a | n/a | n/a |
* GAAP
a. Total fixed assets
b. Debtors due within and after one year
c. Includes trade and other payables
d. Includes non-current assets
e. Not disclosed under IFRS
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