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      "text": "The Directors do not anticipate a need for the Group to have to obtain additional funding.",
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      "text": "Fair value measurement: The financial instruments for which fair value is disclosed in the three tables above, and derivative financial instruments, are classified as level 2 of the IFRS 13 \"Fair Value Measurement\" fair value hierarchy.",
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      "text": "Financial risk management: The Group faces a range of financial risks comprising liquidity risk, market risks (consisting of currency risks and interest rates risks) and credit risk.",
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      "text": "Liquidity risk: Liquidity risk is the risk that the Group will not be able to meet its financial obligations as they fall due. At 30 September 2025, the Group had cash of €820m (30 September 2024: €686m) in addition to a €400m undrawn facility.",
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      "text": "17. Financial assets and financial liabilities continued",
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