v3.26.3
Deferred tax - Movements in net deferred tax asset/(liability) (Details) - GBP (£)
12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Movements in net deferred tax asset      
Net deferred tax assets/(liabilities) at beginning of year £ 24,927,000 £ 17,607,000  
(Expensed)/credited to statement of profit or loss (Note 10) 4,581,000 7,728,000  
Credited/(expensed) to other comprehensive income (Note 10) 289,000 (408,000)  
Credit relating to share-based payments 200,000    
Net deferred tax assets/(liabilities) at end of year 29,997,000 24,927,000 £ 17,607,000
US      
Movements in net deferred tax asset      
Unrecognized deferred tax assets 94,271,000 97,278,000  
US | Net operating losses and interest restriction      
Movements in net deferred tax asset      
Net deferred tax assets/(liabilities) at beginning of year 19,421,000 4,277,000  
(Expensed)/credited to statement of profit or loss (Note 10) 15,061,000 15,144,000  
Net deferred tax assets/(liabilities) at end of year 34,482,000 19,421,000 4,277,000
Unrecognized deferred tax assets 76,111,000    
US | Property, plant and equipment      
Movements in net deferred tax asset      
Net deferred tax assets/(liabilities) at beginning of year (4,212,000) (4,277,000)  
(Expensed)/credited to statement of profit or loss (Note 10) 325,000 65,000  
Net deferred tax assets/(liabilities) at end of year (3,887,000) (4,212,000) (4,277,000)
US | Foreign tax credits      
Movements in net deferred tax asset      
Net deferred tax assets/(liabilities) at beginning of year (15,209,000)    
(Expensed)/credited to statement of profit or loss (Note 10) (15,386,000) (15,209,000)  
Net deferred tax assets/(liabilities) at end of year (30,595,000) (15,209,000)  
Unrecognized deferred tax assets 7,780,000    
US | General accruals not paid within 8.5 months of year end      
Movements in net deferred tax asset      
Unrecognized deferred tax assets 3,751,000    
US | Salary not paid within 2.5 months of year end      
Movements in net deferred tax asset      
Unrecognized deferred tax assets 1,743,000    
US | Research and development      
Movements in net deferred tax asset      
Unrecognized deferred tax assets 3,341,000    
US | Other      
Movements in net deferred tax asset      
Unrecognized deferred tax assets 1,545,000    
UK      
Movements in net deferred tax asset      
Net deferred tax assets/(liabilities) at beginning of year 24,927,000 17,607,000  
(Expensed)/credited to statement of profit or loss (Note 10) 4,581,000 7,728,000 19,559,000
Credited/(expensed) to other comprehensive income (Note 10) 289,000 (408,000) 1,667,000
Credit relating to share-based payments 200,000    
Net deferred tax assets/(liabilities) at end of year 29,997,000 24,927,000 17,607,000
Unrecognized deferred tax assets 5,988,000 0  
UK | Accelerated tax depreciation      
Movements in net deferred tax asset      
Net deferred tax assets/(liabilities) at beginning of year (5,135,000) (3,459,000)  
(Expensed)/credited to statement of profit or loss (Note 10) (4,461,000) (1,676,000)  
Net deferred tax assets/(liabilities) at end of year (9,596,000) (5,135,000) (3,459,000)
UK | Intangible assets      
Movements in net deferred tax asset      
Net deferred tax assets/(liabilities) at beginning of year (27,259,000) (22,582,000)  
(Expensed)/credited to statement of profit or loss (Note 10) (11,302,000) (4,677,000)  
Net deferred tax assets/(liabilities) at end of year (38,561,000) (27,259,000) (22,582,000)
UK | Non qualifying property      
Movements in net deferred tax asset      
Net deferred tax assets/(liabilities) at beginning of year (17,462,000) (17,467,000)  
(Expensed)/credited to statement of profit or loss (Note 10) 4,000 5,000  
Net deferred tax assets/(liabilities) at end of year (17,458,000) (17,462,000) (17,467,000)
UK | Property fair value adjustment      
Movements in net deferred tax asset      
Net deferred tax assets/(liabilities) at beginning of year (14,918,000) (15,549,000)  
(Expensed)/credited to statement of profit or loss (Note 10) 631,000 631,000  
Net deferred tax assets/(liabilities) at end of year (14,287,000) (14,918,000) (15,549,000)
UK | Net operating losses      
Movements in net deferred tax asset      
Net deferred tax assets/(liabilities) at beginning of year 87,037,000 71,882,000  
(Expensed)/credited to statement of profit or loss (Note 10) 20,021,000 15,287,000  
Credited/(expensed) to other comprehensive income (Note 10) 132,000 (132,000)  
Net deferred tax assets/(liabilities) at end of year 107,190,000 87,037,000 71,882,000
UK | Other      
Movements in net deferred tax asset      
Net deferred tax assets/(liabilities) at beginning of year 2,664,000 4,782,000  
(Expensed)/credited to statement of profit or loss (Note 10) (312,000) (1,842,000)  
Credited/(expensed) to other comprehensive income (Note 10) 157,000 (276,000)  
Credit relating to share-based payments 200,000    
Net deferred tax assets/(liabilities) at end of year 2,709,000 £ 2,664,000 £ 4,782,000
UK | Due after 1 year      
Movements in net deferred tax asset      
Net deferred tax assets/(liabilities) at end of year £ 29,997,000