ACCOUNTS - Final Accounts preparation

PERSEUS GROUP SOFTWARE LTD - Company Information

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Registered number: 08159373

CHS SOFTWARE SOLUTIONS UK LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

CHS SOFTWARE SOLUTIONS UK LIMITED

COMPANY INFORMATION

Director	D Salna


Registered number	08159373


Registered office	Abacus House
	Acorn Business Park
	Ling Road
	Poole
	Dorset
	BH12 4NZ


Independent auditors	Hillier Hopkins LLP
	Chartered Accountants & Statutory Auditor
	45 Pall Mall
	London
	SW1Y 5JG

CHS SOFTWARE SOLUTIONS UK LIMITED

CONTENTS

	Page
Strategic Report	1
Director's Report	2 - 3
Independent Auditors' Report	4 - 7
Statement of Comprehensive Income	8
Balance Sheet	9 - 10
Statement of Changes in Equity	11
Notes to the Financial Statements	12 - 19

CHS SOFTWARE SOLUTIONS UK LIMITED

STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2020

Principal activity

The principal activity of the Company during the period was that of a holding company.

Business review

The Company acts as a holding company and therefore has only intercompany revenues relating to investments. We aim to present a balanced and comprehensive review of the development and performance of the business during the year and its position at the year end. This review is consistent with the size and nature of the business and is written in the context of the risks and uncertainties we face.
The director is of the opinion that risks for the Company are low and manageable. The Company has a diversified portfolio of investments due to the investments held by the Company's indirect subsidiary. Each indirect subsidiary has a diversified pool of clients and products, such that no single customer or product or investment will have a disproportionate impact on the results.

Financial key performance indicators

The Company makes little use of financial instruments and so its exposure to price risk, credit risk, liquidity risk and cash flow risk is not material for the assessment of the assets, liabilities, financial position and profit or loss of the Company.

This report was approved by the board and signed on its behalf.

................................................

D Salna

Director

Date: 28 February 2022

Page 1

CHS SOFTWARE SOLUTIONS UK LIMITED

DIRECTOR'S REPORT

FOR THE YEAR ENDED 31 DECEMBER 2020

The director presents his report and the financial statements for the year ended 31 December 2020.

Director's responsibilities statement

The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the director is required to:

∙select suitable accounting policies and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The director is 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 to enable him to ensure that the financial statements comply with the Companies Act 2006. He is 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.

Results and dividends

The profit for the year, after taxation, amounted to £1,097,000 (2019 - £3,600,000).

During the year, the Company paid dividends of £1,100,000 (2019 - £3,600,000)

Director

The director who served during the year was:

D Salna

Future developments

There are no future developments affecting the Company

Disclosure of information to auditors

The director at the time when this Director's Report is approved has confirmed that:

∙so far as he is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙he has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Page 2

CHS SOFTWARE SOLUTIONS UK LIMITED

DIRECTOR'S REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

Post balance sheet events

There have been no significant events affecting the Company since the year end.

Auditors

The auditors, Hillier Hopkins LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

................................................

D Salna

Director

Date: 28 February 2022

Page 3

CHS SOFTWARE SOLUTIONS UK LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CHS SOFTWARE SOLUTIONS UK LIMITED

Opinion

We have audited the financial statements of CHS Software Solutions UK Limited (the 'Company') for the year ended 31 December 2020, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes, 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 101 ‘Reduced Disclosure Framework’ (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 December 2020 and of its profit 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 Auditors' 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 United Kingdom, including the Financial Reporting Council'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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The director is responsible for the other information contained within the Annual Report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.

Page 4

CHS SOFTWARE SOLUTIONS UK LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CHS SOFTWARE SOLUTIONS UK LIMITED (CONTINUED)

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:

∙the information given in the Strategic Report and the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Strategic Report and the Director's Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

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 Director's Report.

We have nothing to report in respect of the following matters in relation to which 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 director's remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Director's Responsibilities Statement set out on page 2, the director is 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 director determines 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 director is 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 director either intends to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Auditors' 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 Auditors' 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.

Page 5

CHS SOFTWARE SOLUTIONS UK LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CHS SOFTWARE SOLUTIONS UK LIMITED (CONTINUED)

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

∙the nature of the industry and sector, control environment and business performance including the remuneration incentives and pressures of key management;

∙the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management. We consider the results of our enquiries of management about their own identification and assessment of the risks of irregularities;

∙any matters we identified having obtained and reviewed the LLP’s documentation of their policies and procedures relating to:

°identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

°detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

°the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

∙the matters discussed among the audit engagement team, regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.
We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and relevant tax legislation.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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 Auditors' Report.

Page 6

CHS SOFTWARE SOLUTIONS UK LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CHS SOFTWARE SOLUTIONS UK LIMITED (CONTINUED)

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 Auditors' 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.

Michael Jacoby FCA (Senior Statutory Auditor)

for and on behalf of

Hillier Hopkins LLP

Chartered Accountants

Statutory Auditor

45 Pall Mall

London

SW1Y 5JG

1 March 2022

Page 7

CHS SOFTWARE SOLUTIONS UK LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2020

	2020	2019
Note	£	£


Administrative expenses	(3,000)	-
Operating (loss)/profit	(3,000)	-
Income from shares in group undertakings	1,100,000	3,600,000
Profit before tax	1,097,000	3,600,000
Profit for the financial year	1,097,000	3,600,000

There was no other comprehensive income for 2020 (2019:£NIL).

The notes on pages 12 to 19 form part of these financial statements.

Page 8

CHS SOFTWARE SOLUTIONS UK LIMITED

REGISTERED NUMBER: 08159373

BALANCE SHEET

AS AT 31 DECEMBER 2020

		2020		As restated 2019
Note		£		£


Fixed assets
Investments	7		14,614,227		10,474,227
			14,614,227		10,474,227
Current assets
Debtors: amounts falling due within one year	8	1		1
		1		1
Creditors: amounts falling due within one year	9	(2,003,000)		(2,000,000)
Net current liabilities			(2,002,999)		(1,999,999)
Total assets less current liabilities			12,611,228		8,474,228



Net assets excluding pension asset			12,611,228		8,474,228
Net assets			12,611,228		8,474,228

Capital and reserves
Called up share capital	11	1	1
Other reserves	12	6,801,653	2,661,653
Profit and loss account	12	5,809,574	5,812,574
		12,611,228	8,474,228

Page 9

CHS SOFTWARE SOLUTIONS UK LIMITED

REGISTERED NUMBER: 08159373

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2020

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

D Salna

Director

Date: 28 February 2022

The notes on pages 12 to 19 form part of these financial statements.

Page 10

CHS SOFTWARE SOLUTIONS UK LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2020

	Called up share capital	Other reserves	Profit and loss account	Total equity
	£	£	£	£
At 1 January 2019	1	-	5,812,574	5,812,575
Comprehensive income for the year
Profit for the year	-	-	3,600,000	3,600,000
Dividends: Equity capital	-	-	(3,600,000)	(3,600,000)
Capital contribution	-	2,661,653	-	2,661,653

At 1 January 2020	1	2,661,653	5,812,574	8,474,228
Comprehensive income for the year
Profit for the year	-	-	1,097,000	1,097,000
Dividends: Equity capital	-	-	(1,100,000)	(1,100,000)
Capital contribution	-	4,140,000	-	4,140,000
At 31 December 2020	1	6,801,653	5,809,574	12,611,228

The notes on pages 12 to 19 form part of these financial statements.

Page 11

CHS SOFTWARE SOLUTIONS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1.	General information

CHS Software Solutions UK Limited is a limited liability company incorporated in the United Kingdom. Its registered office is Abacus House, Acorn Business Park, Tower Park, Poole, Dorset, BH12 4NZ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 101 'Reduced Disclosure Framework' and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Financial Reporting Standard 101 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions under FRS 101:

∙the requirements of IFRS 7 Financial Instruments: Disclosures

∙the requirements of paragraphs 91-99 of IFRS 13 Fair Value Measurement

∙the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134-136 of IAS 1 Presentation of Financial Statements

∙the requirements of IAS 7 Statement of Cash Flows

∙the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures

∙the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member

This information is included in the consolidated financial statements of Constellation Software Inc as at 31 December 2020 and these financial statements may be obtained from Constellation Software Inc. 1200-20 Adelaide Street, East Toronto, ON M5C 2T6, Canada.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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CHS SOFTWARE SOLUTIONS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

2.Accounting policies (continued)

2.5

Creditors

Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.

Page 13

CHS SOFTWARE SOLUTIONS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

2.Accounting policies (continued)

2.6

Financial instruments

The Company recognises financial instruments when it becomes a party to the contractual arrangements of the instrument. Financial instruments are de-recognised when they are discharged or when the contractual terms expire. The Company's accounting policies in respect of financial instruments transactions are explained below:

Financial assets and financial liabilities are initially measured at fair value.

Financial assets

All recognised financial assets are subsequently measured in their entirety at either fair value or amortised cost, depending on the classification of the financial assets.

Debt instruments at amortised cost

Debt instruments are subsequently measured at amortised cost where they are financial assets held within a business model whose objective is to hold financial assets in order to collect contractual cash flows and selling the financial assets, and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Amortised cost is calculated using the effective interest method and represents the amount measured at initial recognition less repayments of principal plus the cumulative amortisation using the effective interest method of any difference between the initial amount and the maturity amount, adjusted for any loss allowance.

Financial liabilities

At amortised cost

Financial liabilities which are neither contingent consideration of an acquirer in a business combination, held for trading, nor designated as at fair value through profit or loss are subsequently measured at amortised cost using the effective interest method. This is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the financial liability, or where appropriate a shorter period, to the amortised cost of a financial liability.

2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 14

CHS SOFTWARE SOLUTIONS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the application of accounting policies and reported amounts of assets, liaiblities, income and expenditure.
Estimates and underlying assumptions are reviewed on an ongoing basis. Estimates are based on historic experience and other assumptions that are considered reasonable in the circumstances. The actual amounts or value may vary in certain instances from the assumptions and esimates made. Changes will be recorded, with corresponding effect in profit or loss, when, and if better information is obtained.
Information about assumptions and esimation uncertainties that have a significant risk of resulting in material adjustment within the next financial year are included below.
Critical judgments that management has made in the process of applying accounting policies disclosed herein and that have a significant effect on the amounts recognised in the financial statements relates to the following:
Impairment of non-financial assets
In assessing impairment, management estimates the recoverable amounts of each asset or cash generating units based on expected future cash flows and uses an interest rate to discount them. Estimation uncertainty relates assumptions about future operating results and determination of a suitable discount rate.

4.	Auditors' remuneration
		2020	2019
		£	£

Fees payable to the Company's auditor and its associates for the audit of the Company's annual financial statements

2,500

Fees payable to the Company's auditor and its associates in respect of:
All other services	500	-
	500	-

Page 15

CHS SOFTWARE SOLUTIONS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

Employees

The average monthly number of employees, including the director, during the year was as follows:

	2020	2019
	No.	No.

Directors	1	1

6.	Dividends
		2020	2019
		£	£

	Intercompany dividends	1,100,000	3,600,000
		1,100,000	3,600,000

7.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2020 (as previously stated)	7,812,574
	Prior Year Adjustment	2,661,653
	At 1 January 2020 (as restated)	10,474,227
	Additions	4,140,000
	At 31 December 2020	14,614,227

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Class of shares	Holding

IBCOS Holdings Limited

Ordinary

100%

Page 16

CHS SOFTWARE SOLUTIONS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

Subsidiary undertaking (continued)

Indirect subsidiaries
IBCOS Computer Limited Ordinary 100%
Mediqal Health Informatics Limited Ordinary 100%
Clinical Computing (UK) Limited Ordinary 100%
Eurocon MPSsys Inc Ordinary 100%
Catalyst Computer Systems Limited Ordinary 100%
Selectapension Limited Ordianry 100%
Selectapension (2013) Limited Ordinary 100%

Debtors

					2020	2019
					£	£


Amounts owed by group undertakings	1	1
	1	1

9.	Creditors: Amounts falling due within one year
		2020	2019
		£	£

Amounts owed to group undertakings	2,000,000	2,000,000
Accruals and deferred income	3,000	-
	2,003,000	2,000,000

10.	Financial instruments
		2020	2019
		£	£

	Financial assets
	Financial assets that are debt instruments measured at amortised cost	1	1

	Financial liabilities
	Financial liabilities measured at amortised cost	(2,003,000)	(2,000,000)

	Financial assets that are debt instruments measured at amortised cost comprise other debtors
	Financial liabilities measured at amortised cost comprise amounts owed to group undertakings and accurals

Page 17

CHS SOFTWARE SOLUTIONS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

11.	Share capital
		2020	2019
		£	£

Allotted, called up and fully paid

1 (2019 - 1) Ordinary share of £1.00	1	1

12.

Reserves

Other reserves

Includes additional capital received on existing share capital.

Profit and loss account

Includes all current and prior period retained profits and losses.

13.	Related party transactions
	As permitted by FRS 101 related party transactions with wholly owned members of the Constellation Software Inc group have not been disclosed.

14.	Prior year adjustment
	The figures for the year ended 31 December 2019 have been restated to incoporate the impact of an increase in investment in the Company's subsidiary undertaking, which was financed through a capital contribution investment by the Company's parent undertaking. The figures for the year end 31 December 2019 have also been adjusted to incorporate the impact of an intercompany dividend received from its subsidiary undertaking and paid to its parent undertaking of £3,600,000. There was an increase in the profit and loss account of £3,600,000. However, since this was paid out as a dividend, there was no impact of the distributable reserves of the Company and the impact of the adjustments was as follows:
		2020
		£


	Dividends received	3,600,000
	Increase in investments	2,661,653
	Increase in capital contribution	(2,661,653)
	Dividends paid	(3,600,000)
		-

Page 18

CHS SOFTWARE SOLUTIONS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

15.	Controlling party

The largest and smallest group in which the results are consolidated is that headed by Constellation Software Inc, a Company incorporated in Canada, which is the ultimate controlling party of the Company at the date of signing these financial statements.
The consolidated accounts of Constellation Software Inc are available to the public and may be obtained from Constellation Software Inc. 1200-20 Adelaide Street East Toronto, ON MSC 2T6, Canada.

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