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Cash and cash equivalents | 12 Months Ended
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Dec. 31, 2024
Cash And Cash Equivalents And Adjusted Net Debt [Abstract] |
Cash and cash equivalents | 18. Cash and cash equivalents
| 2024 |  | 2023 |
| £m |  | £m |
Cash at bank and deposits | 1,983 |  |  | 2,037 |  |
Money market funds | 655 |  |  | 181 |  |
Cash and cash equivalents as presented in the consolidated balance sheet | 2,638 |  |  | 2,218 |  |
Bank overdrafts | (171) |  |  | (358) |  |
Cash and cash equivalents as presented in the consolidated cash flow statement | 2,467 |  |  | 1,860 |  |
Money market funds are held at fair value through profit and loss. Cash at bank and deposits are held at amortised cost and the carrying value approximates the fair value. The Group operates in a number of territories where there are regulatory restrictions. As a result, £38 million (2023: £34 million) of cash included in cash and cash equivalents is restricted for use by the Group, yet is available for use in the relevant subsidiary’s day-to-day operations.

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