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TRADE AND OTHER PAYABLES: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
 12 Months Ended
Dec. 31, 2025
Trade and other non-current payables [abstract]  
TRADE AND OTHER PAYABLES: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
17. TRADE AND OTHER PAYABLES: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
The following are included in trade and other payables falling due after more than one year:
20252024
£m£m
Contingent consideration liabilities20 76 
Deferred consideration liabilities
87 — 
Liabilities in respect of put option agreements with vendors58 66 
Fair value of derivatives1 25 
Other payables and accruals
42 62 
208 229 
The Group considers that the carrying amount of trade and other payables approximates their fair value. The Group's approach to contingent consideration liabilities is further described in note 23.