24 | Trade and other payables |
| | | | | | | 2026 | | 2025 | | | £’000 | | £’000 | Trade payables | | 381,667 | | 474,322 | Other payables | | 4,518 | | 12,660 | Accrued expenses | | 59,182 | | 57,204 | Social security and other taxes | | 28,609 | | 20,419 | | | 473,976 | | 564,605 | Less: non-current portion | | | | | Trade payables | | 156,664 | | 205,163 | Other payables | | — | | 196 | Non-current trade and other payables | | 156,664 | | 205,359 | Current trade and other payables | | 317,312 | | 359,246 |
Trade and other payables are liabilities for goods and services provided to the Group prior to the end of the financial year which are unpaid. They are recognized initially at their fair value and subsequently measured at amortized cost using the effective interest method. They are classified as current liabilities if payment is due within one year or less. If not they are presented as non-current liabilities. (ii) | Amounts included in trade payables |
Trade payables include transfer fees and other associated costs in relation to the acquisition of registrations of £375,033,000 (2025: £447,131,000) of which £156,664,000 (2025: £205,163,000) is due after more than one year. Of the amount due after more than one year, £104,784,000 (2025: £140,093,000) is expected to be paid between 1 and 2 years, and the balance of £51,880,000 (2025: £65,070,000) is expected to be paid between 2 and 5 years. (iii) | Amounts included in accrued expenses |
Accrued expenses include £536,000 (2025: £923,000) related to share-based payment transactions expected to be cash-settled. (iv) | Fair value of trade payables |
Gross contractual trade payables pre discounting as at 30 June 2026 were £400,157,000 (2025: £501,195,000). The fair value of other payables is not materially different to their carrying amount.
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