Rodericks Dental Holdings Limited - Period Ending 2020-03-31
Rodericks Dental Holdings Limited - Period Ending 2020-03-31
Registration number:
Rodericks Dental Holdings Limited
for the Year Ended 31 March 2020
Rodericks Dental Holdings Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Directors' Responsibilities statement |
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Independent Auditor's Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Rodericks Dental Holdings Limited
Company Information
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Directors |
A Jain (CBPE) R Smith D Farrell C Brady S Mehra G York R Parker (CBPE) |
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Company secretary |
S Mehra |
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Registered office |
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Auditors |
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Rodericks Dental Holdings Limited
Strategic Report for the Year Ended 31 March 2020
The directors present their strategic report for the year ended 31 March 2020.
Principal activity
The principal activity of the company is a holding company for a dental corporate group.
Fair review of the business
The company is a wholly owned subsidiary of Seth Bidco Limited, a company formed on 15 June 2017 as part of a refinancing exercise within the Seth Topco Limited Group.
On 11 September 2017, CBPE Capital LLP, a UK-based private equity firm acquired 66.8% of Seth Topco Limited as part of a refinancing arrangement. Seth Topco Limited became the ultimate parent of the Group, and the immediate parent company of Seth Finco Limited.
Seth Finco owns 100% of Seth Midco Limited.
Seth Midco owns 100% of Seth Bidco Limited.
Seth Bidco Limited wholly owns 100% of Rodericks Dental Holdings Limited. All companies are registered in England and Wales.
Rodericks Dental Holdings Limited acts as holding company for Rodericks Dental Limited and is considered dormant based on there being no trading activity. The company presents its financial statements to the year ended 31 March 2020 as an individual company and is consolidated within the Seth Topco Limited group accounts.
This financial year the company made no profit or loss.
Due to the nature of this holding company, KPIs are not needed.
Principal risks and uncertainties
There are no risks or uncertainties relevant for this company alone, Group considerations are included in the Seth Topco Limited financial statements.
Approved by the
.........................................
Company secretary and director
Rodericks Dental Holdings Limited
Directors' Report for the Year Ended 31 March 2020
The directors present their report and the financial statements for the year ended 31 March 2020.
Dividends
The total distribution of dividends for the year ended 31 March 2020 amounted to £nil (2019 - £nil).
Directors of the company
The directors who held office during the year were as follows:
The following director was appointed after the year end:
On an ongoing basis Directors and Officers insurance is in place, both through this financial period and at the point this report was approved.
Going concern
In preparing these financial statement the directors have assessed the ability of the company to continue to operate for the period of at least twelve months from the date of signing the financial statements. The impact of COVID-19 on the company has been limited given it is a holding company and based on current position the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least twelve months from that date of signing these financial statements and accordingly they adopt the going concern basis in preparing these financial statements.
The Directors’ have considered this further, including the impact of Covid-19 on the business, on page 15.
Rodericks Dental Holdings Limited
Directors' Report for the Year Ended 31 March 2020
Future developments
The group plan to continue its growth strategy primarily through acquisitions, with the tendering for NHS Greenfield sites where appropriate opportunities arise.
In the first quarter of FY21, Covid-19 has impacted the industry across the country. The business has been following NHS England and NHS Wales guidelines throughout as standard operating procedures have evolved through the pandemic. The NHS have provided ongoing support in terms of contract payments and have been a strong partner through these unprecedented times. Private revenues have been the most impacted but are expected to recover as patient volumes coming through the practices increase in the coming months.
During the second quarter of FY21 as the country came out of national lockdown we have opened up our practices in line with NHS guidelines and seen an increasing number of face to face patient visits as well as operating a very effective telephone triage service across the estate. We will evolve our service to our patients as standard operating procedures, in line with guidelines, are developed in the coming months whilst measures are taken to control the spread of the pandemic.
Directors' qualifying third party indemnity provisions
During the year under review, and at the date of approval of the financial statements, Seth Topco Limited, the ultimate parent company, had in force a third party indemnity provision in favour of the directors of Rodericks Dental Holdings Limited against liability in respect of proceedings brought by third parties, subject to the conditions set out in the Companies Act 2006.
Disclosure of information to the auditors
The directors confirm that:
• so far as each director is aware, there is no relevant audit information of which the company’s auditor is unaware; and
• the directors have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company’s auditor is aware of that information.
Reappointment of auditors
The auditors Grant Thornton UK LLP are deemed to be reappointed under section 487(2) of the Companies Act 2006.
Approved by the
.........................................
Company secretary and director
Rodericks Dental Holdings Limited
Directors' Responsibilities statement
The directors acknowledge their responsibilities for preparing the Strategic report, Directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law, including FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs and profit or loss of the company and group for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Rodericks Dental Holdings Limited
Independent Auditor's Report to the Members of Rodericks Dental Holdings Limited
Opinion
We have audited the financial statements of Rodericks Dental Holdings Limited (the 'company') for the year ended 31 March 2020, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
• | give a true and fair view of the state of the company's affairs as at 31 March 2020 and of its results for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
The impact of macro-economic uncertainties on our audit
Our audit of the financial statements requires us to obtain an understanding of all relevant uncertainties, including those arising as a consequence of the effects of macro-economic uncertainties such as Covid-19 and Brexit. All audits assess and challenge the reasonableness of estimates made by the directors and the related disclosures and the appropriateness of the going concern basis of preparation of the financial statements. All of these depend on assessments of the future economic environment and the company’s future prospects and performance.
Covid-19 and Brexit are amongst the most significant economic events currently faced by the UK, and at the date of this report their effects are subject to unprecedented levels of uncertainty, with the full range of possible outcomes and their impacts unknown. We applied a standardised firm-wide approach in response to these uncertainties when assessing the company’s future prospects and performance. However, no audit should be expected to predict the unknowable factors or all possible future implications for a company associated with these particular events.
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
Rodericks Dental Holdings Limited
Independent Auditor's Report to the Members of Rodericks Dental Holdings Limited
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the directors’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or |
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the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. |
In our evaluation of the directors' conclusions, we considered the risks associated with the company's business, including effects arising from macro-economic uncertainties such as Covid-19 and Brexit, and analysed how those risks might affect the company's financial resources or ability to continue operations over the period of at least twelve months from the date when the financial statements are authorised for issue. In accordance with the above, we have nothing to report in these respects.
However, as we cannot predict all future events or conditions and as subsequent events may result in outcomes that are inconsistent with judgements that were reasonable at the time they were made, the absence of reference to a material uncertainty in this auditor's report is not a guarantee that the company will continue in operation.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matter on which we are required to report under the Companies Act 2006
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.
Rodericks Dental Holdings Limited
Independent Auditor's Report to the Members of Rodericks Dental Holdings Limited
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors’ remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
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the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemptions in preparing the directors report from the requirement to prepare a strategic report. |
Responsibilities of directors for the financial statements
As explained more fully in the Directors' Responsibilities statement set out on page 5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Rodericks Dental Holdings Limited
Independent Auditor's Report to the Members of Rodericks Dental Holdings Limited
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
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For and on behalf of
Victoria House
199 Avebury Boulevard
MK9 1AU
Rodericks Dental Holdings Limited
Profit and Loss Account for the Year Ended 31 March 2020
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Note |
2020 |
2019 |
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Turnover |
- |
- |
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Gross profit/(loss) |
- |
- |
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Operating profit/(loss) |
- |
- |
|
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Interest payable and similar expenses |
- |
( |
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Results/(loss) before tax |
- |
( |
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Results/(loss) for the year |
- |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Rodericks Dental Holdings Limited
Statement of Comprehensive Income for the Year Ended 31 March 2020
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2020 |
2019 |
|
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Loss for the year |
- |
( |
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Total comprehensive income for the year |
- |
( |
Rodericks Dental Holdings Limited
(Registration number: 07882033)
Balance Sheet as at 31 March 2020
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Note |
2020 |
2019 |
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Fixed assets |
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Investments |
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Current assets |
|||
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Cash at bank and in hand |
- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
114,830 |
114,830 |
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Share premium reserve |
42,047 |
42,047 |
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Profit and loss account |
(11,540) |
(11,540) |
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Shareholders' funds |
145,337 |
145,337 |
Approved and authorised by the
.........................................
Company secretary and director
Rodericks Dental Holdings Limited
Statement of Changes in Equity for the Year Ended 31 March 2020
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Share capital |
Share premium |
Profit and loss account |
Total |
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At 1 April 2019 |
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( |
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At 31 March 2020 |
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( |
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|
Share capital |
Share premium |
Profit and loss account |
Total |
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At 1 April 2018 |
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|
- |
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Loss for the year |
- |
- |
( |
( |
|
Total comprehensive income |
- |
- |
( |
( |
|
At 31 March 2019 |
|
|
( |
|
Rodericks Dental Holdings Limited
Notes to the Financial Statements for the Year Ended 31 March 2020
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The principal place of business is:
15 Basset Court
Loake Close
Grange Park
Northampton
NN4 5EZ
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The company's functional and presentational currency is GBP.
Summary of disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
- the requirements of Section 7 Statement of Cash Flows;
- the requirement of Section 11 Financial instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a) (iv), 11.48(b) and 11.48(c);
- the requirement of Section 12 Other financial instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29;
- the requirements of Section 26 Share-based Payment paragraphs 26.18(b) 26.19 to 26.21 and 26.23;
- the requirements of Section 33 Related Party Disclosures paragraph 33.7;
- the requirement of Section 400 Regulation 6(2) and the disclosure of non-audit services.
Rodericks Dental Holdings Limited
Notes to the Financial Statements for the Year Ended 31 March 2020
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2 |
Accounting policies (continued) |
Group accounts not prepared
Going concern
In preparing these financial statement the directors have assessed the ability of the company to continue to operate for the period of at least twelve months from the date of signing the financial statements. The impact of COVID-19 on the company has been limited given it is a holding company and based on current position the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least twelve months from that date of signing these financial statements and accordingly they adopt the going concern basis in preparing these financial statements.
Seth Topco Limited and its subsidiary undertakings on consolidation (the 'Group') meets its day to day working capital requirements through a combination of cash at bank and bank loan facilities. The groups investors have confirmed, if required that they will financially support the group for the twelve months from the date of signing these accounts. The group continued to be cash generative since the balance sheet date and in light of this the Directors have concluded that it is appropriate to prepare the Group's and this company's financial statements on a going concern basis.
Covid-19
In the first quarter of FY21, Covid-19 has impacted the industry across the country. The business has been following NHS England and NHS Wales guidelines throughout as standard operating procedures have evolved through the pandemic. The NHS have provided ongoing support in terms of contract payments and have been a strong partner through these unprecedented times. Private revenues have been the most impacted but are expected to recover as patient volumes coming through the practices increase in the coming months.
During the second quarter of FY21 as the country came out of national lockdown we have opened up our practices in line with NHS guidelines and seen an increasing number of face to face patient visits as well as operating a very effective telephone triage service across the estate. We will evolve our service to our patients as standard operating procedures, in line with guidelines, are developed in the coming months whilst measures are taken to control the spread of the pandemic.
Rodericks Dental Holdings Limited
Notes to the Financial Statements for the Year Ended 31 March 2020
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2 |
Accounting policies (continued) |
Judgements
In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' best judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be appropriate. |
Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods. |
Key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The key accounting estimates and assumptions of the Company are:
Fair values on acquisitions; and
Impairment of investment and debtors.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Rodericks Dental Holdings Limited
Notes to the Financial Statements for the Year Ended 31 March 2020
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2 |
Accounting policies (continued) |
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Rodericks Dental Holdings Limited
Notes to the Financial Statements for the Year Ended 31 March 2020
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2 |
Accounting policies (continued) |
Financial instruments
Classification
Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method; Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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Interest payable and similar expenses |
|
2020 |
2019 |
|
|
Interest expense on other finance liabilities |
- |
|
Rodericks Dental Holdings Limited
Notes to the Financial Statements for the Year Ended 31 March 2020
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Staff costs |
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
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2020 |
2019 |
|
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Directors |
|
|
|
|
|
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Directors' remuneration |
Directors are remunerated by other group companies.
|
Auditors' remuneration |
|
2020 |
2019 |
|
|
Audit of the financial statements |
|
|
The company has taken the exemption against disclosing non-audit fees. All non-audit fees have been disclosed by the ultimate parent company, Seth Topco Limited in the year end group consolidated accounts.
|
Investments |
|
2020 |
2019 |
|
|
Investments in subsidiaries |
|
|
Rodericks Dental Holdings Limited
Notes to the Financial Statements for the Year Ended 31 March 2020
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7 |
Investments (continued) |
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Subsidiaries |
£ |
|
Cost or valuation |
|
|
At 1 April 2019 |
|
|
Provision |
|
|
Carrying amount |
|
|
At 31 March 2020 |
|
|
At 31 March 2019 |
|
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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|
2020 |
2019 |
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Subsidiary undertakings |
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15 Basset Court, Loake Close, Grange Park, Northampton, NN4 5EZ England and Wales |
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Subsidiary undertakings |
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Rodericks Dental Limited The principal activity of Rodericks Dental Limited is |
All indirect subsidiary company's are detailed out in the Seth Topco Limited group financial statements.
Rodericks Dental Holdings Limited
Notes to the Financial Statements for the Year Ended 31 March 2020
|
Cash and cash equivalents |
|
2020 |
2019 |
|
|
Cash at bank |
- |
|
|
Creditors |
|
Note |
2020 |
2019 |
|
|
Due within one year |
|||
|
Loans and borrowings |
- |
|
|
|
Other current financial liabilities |
|
|
|
|
|
|
Included in Other current financial liabilities are amounts totalling £4.6m owed to other group companies which are repayable on demand and not interest bearing.
|
Share capital |
Allotted, called up and fully paid shares
|
2020 |
2019 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
107,521.00 |
|
107,521.00 |
|
|
|
7,310.00 |
|
7,310.00 |
|
|
|
|
|
|
Rights, preferences and restrictions
|
Ordinary and Ordinary A shares have the following rights, preferences and restrictions: |
Rodericks Dental Holdings Limited
Notes to the Financial Statements for the Year Ended 31 March 2020
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Reserves |
Share premium
The share premium account represents the consideration received on the issue of shares in the Company in excess of the nominal value of those shares.
Profit and loss account
The profit and loss account represents the accumulated profits, losses and distributions of the Company.
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Loans and borrowings |
|
2020 |
2019 |
|
|
Current loans and borrowings |
||
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Other borrowings |
- |
|
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Parent and ultimate parent undertaking |
The company's immediate parent is
The parent of the largest group in which these financial statements are consolidated is
The parent of the smallest group in which these financial statements are consolidated is
The address of Seth Topco Limited is:
The group accounts of Seth Topco Limited are also available at Companies House.