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Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered
against the reversal of deferred tax liabilities or other future taxable profits. At the reporting date, unrecognised capital tax
losses is calculated to be £3,138,812 (2021: £3,138,812). At the reporting date, there was a deferred tax liability of
£253,650 (2021: £253,650) for temporary differences of £1,335,000 (2021: £1,335,000) related to unlisted investments.
However, the liability is not recognised as the group does not plan to dispose of the investments in the foreseeable future.
In addition, the group controls the timing of reversal of the related taxable temporary differences and management is
satisfied that they will not reverse in the foreseeable future.
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