Bank holidays and compressed hours

I work full time and changed my working hours pattern to Mondays, Tuesdays, Wednesdays and Fridays 7:00-16:30 (with a one-hour lunch break) and Thursdays 7:00-10:30 (with no break). In total my working hours haven’t changed. I still do the same hours per week and I used to have 25 holiday days per year. With the working hours change this has been reduced to 22.5 days and bank holidays to 7.5 days. Could you explain if this is correct?

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When someone works compressed hours (although still the same amount of hours just fewer days or full days) then annual leave will be calculated in hours rather than days.

When one of the usual working days of an employee working compressed hours falls on a bank holiday or closure day, their usual number of hours for that day will be deducted from their leave entitlement.

This is because the hours worked on the compressed days are longer to make up the full-time hours – eg when it is a bank holiday someone who works normal office hours gets eight hours off, but someone who works compressed hours will need, say, 10 hours off.