Project Knight Limited - Limited company accounts 20.1

REGISTERED NUMBER: 12995138 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD 4 NOVEMBER 2020 TO 31 JANUARY 2021

FOR

PROJECT KNIGHT LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Consolidated Statement of Comprehensive Income

9

Consolidated Balance Sheet

10

Company Balance Sheet

11

Consolidated Statement of Changes in Equity

12

Company Statement of Changes in Equity

13

Consolidated Cash Flow Statement

14

Notes to the Consolidated Cash Flow Statement

15

Notes to the Consolidated Financial Statements

16

DIRECTORS:

M S Ladhar

B S Ladhar

REGISTERED OFFICE:

Earl Grey Properties, 2nd Floor Adelphi

20 Shakespeare Street

Newcastle Upon Tyne,

United Kingdom

NE1 6AQ

REGISTERED NUMBER:

12995138 (England and Wales)

AUDITORS:

Robson Laidler Accountants Limited

Statutory Auditor

Fernwood House

Fernwood Road

Jesmond

Newcastle upon Tyne

Tyne and Wear

NE2 1TJ

The directors present their strategic report of the company and the group for the period 4 November 2020 to 31 January 2021.

REVIEW OF BUSINESS

In the two month period to 31 January 2021 the group have generated £23,003 in turnover.

Gross profit for the period was 40.9%.

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and the execution of the company's strategy are subject to a number of risks.

We have considered the key business risks affecting the company and are satisfied we have done what we can to minimise those risks. In particular, and in light of the current commercial environment, the company has taken steps to substantially reduce its borrowings.

SECTION 172(1) STATEMENT

The directors have had regard for the matters set out in section 172(1)(a)-(f) of the Companies Act 2006 when performing their duty under section 172. The directors consider that they have acted in good faith in the way that would be most likely to promote the success of the Company for the benefit of its members as a whole, while also considering the broad range of stakeholders who interact with and are impacted by our business, especially with regard to major decisions.

In doing the above the directors have taken into account the following:

a) the likely consequences of any decision in the long-term:

- The Directors have set out a clear strategy for the business over the medium and long term for creating value and growth, which has been shared with staff and shareholders, the key pillars of which are set out below:

1. Humanity - being passionate about caring for people and organisations by creating an experience that is more human, with a personal connection; and

2. Technology - investing in new technologies, in order to better connect and make the experience smart, simple and efficient.

b) the interests of the Company's employees:

1. Regular leadership meetings, department meeting and conferences

2. Active employee feedback through Q&A, an open culture and regular surveys; and

3. The provision of learning and development opportunities for staff including management training and mental health

c) the need to foster the Company's business relationships with suppliers, customers and others by ensuring all stakeholders are treated within the spirit and detail of the Sir John Fitzgerald ethics policies and the core values.

d) the impact of the Company's operations on the community and the environment including consideration of the climate change through supporting appropriate Energy Savings Opportunities Scheme recommendations and a push to become as paperless as possible.

e) the desirability of the Company maintaining a reputation for high standards of business conduct through the organisation's values, culture and ethical standards, as set out in the company's business principles, which are published on its website. Our core values represent the foundation of our culture. They help us develop, grow and better serve our residents and other stakeholders.

f) the need to act fairly as between members of the Company through treating shareholders equitably.

EMPLOYEES

Applications for employment by disabled persons are always fully considered, bearing in mind the respective aptitudes and abilities of the applicant concerned. In the event of members of staff becoming disabled every effort is made to ensure that their employment with the company continues and the appropriate training is arranged. It is the policy of the company that the training, career development and promotion of a disabled person should, as far as possible, be identical to that of a person who does not suffer from a disability.

Consultation with employees or their representatives has continued at all levels, with the aim of ensuring that views are taken into account when decisions are made that are likely to affect their interests and that all employees are aware of the financial and economic performance of the company as a whole.

FINANCIAL RISK MANAGEMENT

The company is subject to a number of financial risks, in particular liquidity, interest rate, and credit risk.

Liquidity risk

During the year the management took steps to substantially reduce the company's exposure to external debt, and entered into a new term loan facility to provide sufficient funds for ongoing operations.

Interest rate risk

The company has used interest rate swaps in the past to minimise the risk of part of the term debt. Following repayment of a large part of the term debt during the prior year, management no longer consider interest rate risk to be significant enough to warrant entering into swap agreements.

Credit risk

The company's credit risk is primarily attributable to its trade debtors. The amounts presented in the balance sheet are shown net of provisions for impairment where it is considered the company will not be able to collect all amounts due. Management consider that the company has no significant concentration on credit risk as the majority of its turnover is generated from cash sales.

ON BEHALF OF THE BOARD:

M S Ladhar - Director

27 August 2021

The directors present their report with the financial statements of the company and the group for the period 4 November 2020 to 31 January 2021.

INCORPORATION

The group was incorporated on 4 November 2020 .

DIVIDENDS

No dividends will be distributed for the period ended 31 January 2021.

DIRECTORS

The directors who have held office during the period from 4 November 2020 to the date of this report are as follows:

M S Ladhar - appointed 4 November 2020

B S Ladhar - appointed 4 November 2020

Both the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

STREAMLINED ENERGY AND CARBON REPORTING

The gross greenhouse gas (GHG) emissions for Project Knight Ltd. are 135 tonnes of carbon dioxide equivalent (tCO2e) for the period 4th November 2020 to 31st January 2021.

The gross GHG emissions figure, reportable under SECR legislation, includes all material Scope 1, 2 plus Scope 3 required to disclosed by the legislation; that is the emissions associated with UK electricity and natural gas consumption, and business travel in company and private vehicles by employees. Scope 3 emissions resulting from transmission and distribution (T&D) losses in the electricity supply network are included voluntarily, in accordance with normal GHG reporting practice.

In accordance with the legislation an emissions intensity ratio has been calculated and for Project Knight Ltd this is 195.84 tCO2e per £m revenue.

N.B. Project Knight Ltd has low carbon tariffs for its NHH electricity supplies, however these make up only approximately 3% of the total and so are included within the total using a common, location-based, methodology.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors 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 Financial Reporting Standard 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 of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Robson Laidler Accountants Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M S Ladhar - Director

27 August 2021

Opinion

We have audited the financial statements of Project Knight Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 January 2021 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 group's and of the parent company affairs as at 31 January 2021 and of the group's profit for the period 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 group 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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' 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 group's and the parent 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 directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors 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 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. We have nothing to report in this regard.

Opinions 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 Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, 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 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 group's and the parent 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 group or the parent 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 a Report of the Auditors 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.

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 risk of material misstatement due to error or fraud is deemed to be low within the entity as the company operate strong internal controls to mitigate any such risk. These controls are reviewed as part of the audit by performing systems walkthroughs to ensure they are operating effectively. Other substantive testing is also performed on all material balances and therefore any instances of non-compliance should be identified or considered as insignificant. Group transactions are confirmed to audit files also prepared by the firm. Journal entries are scrutinised by data analytics software used as part of the audit.

The laws and regulations which are considered to be significant to the entity relate to Food Standards, safety and hygiene. Discussions are held with management to determine whether any breaches have occurred as well as legal expenditure being scrutinised for any evidence on non-compliance.

The audit was considered capable of identifying irregularities only to the extent of the substantive testing performed and from discussions with management.

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 Report of the Auditors.

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 a Report of the Auditors 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 Moran BA FCA (Senior Statutory Auditor)

for and on behalf of Robson Laidler Accountants Limited

Statutory Auditor

Fernwood House

Fernwood Road

Jesmond

Newcastle upon Tyne

Tyne and Wear

NE2 1TJ

27 August 2021

TURNOVER

23,003

Cost of sales

13,574

GROSS PROFIT

9,429

Distribution costs

708,411

Administrative expenses

(3,305,466

)

(2,597,055

)

2,606,484

Other operating income

748,401

OPERATING PROFIT

4

3,354,885

Interest receivable and similar income

1

3,354,886

Interest payable and similar expenses

5

74,739

PROFIT BEFORE TAXATION

3,280,147

Tax on profit

6

(250,553

)

PROFIT FOR THE FINANCIAL PERIOD

3,530,700

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

3,530,700

Profit attributable to:

Owners of the parent

3,530,700

Total comprehensive income attributable to:

Owners of the parent

3,530,700

FIXED ASSETS

Intangible assets

8

-

Tangible assets

9

22,565,431

Investments

10

-

22,565,431

CURRENT ASSETS

Stocks

11

77,971

Debtors

12

3,746,785

Cash at bank

485,383

4,310,139

CREDITORS

Amounts falling due within one year

13

12,483,553

NET CURRENT LIABILITIES

(8,173,414

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,392,017

CREDITORS

Amounts falling due after more than one year

14

10,861,315

NET ASSETS

3,530,702

CAPITAL AND RESERVES

Called up share capital

18

2

Retained earnings

19

3,530,700

SHAREHOLDERS' FUNDS

3,530,702

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2021 and were signed on its behalf by:

M S Ladhar - Director

FIXED ASSETS

Intangible assets

8

-

Tangible assets

9

-

Investments

10

15,767,867

15,767,867

CURRENT ASSETS

Debtors

12

4,626,676

Cash at bank

61,730

4,688,406

CREDITORS

Amounts falling due within one year

13

9,611,404

NET CURRENT LIABILITIES

(4,922,998

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,844,869

CREDITORS

Amounts falling due after more than one year

14

10,861,315

NET LIABILITIES

(16,446

)

CAPITAL AND RESERVES

Called up share capital

18

2

Retained earnings

19

(16,448

)

SHAREHOLDERS' FUNDS

(16,446

)

Company's loss for the financial year

(16,448

)

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2021 and were signed on its behalf by:

M S Ladhar - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Changes in equity

Issue of share capital

2

-

2

Total comprehensive income

-

3,530,700

3,530,700

Balance at 31 January 2021

2

3,530,700

3,530,702

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Changes in equity

Issue of share capital

2

-

2

Total comprehensive income

-

(16,448

)

(16,448

)

Balance at 31 January 2021

2

(16,448

)

(16,446

)

Cash flows from operating activities

Cash generated from operations

1

(851,937

)

Interest paid

(74,739

)

Tax paid

(136,555

)

Net cash from operating activities

(1,063,231

)

Cash flows from investing activities

Purchase of intangible fixed assets

3,725,882

Purchase of tangible fixed assets

(22,634,583

)

Interest received

1

Net cash from investing activities

(18,908,700

)

Cash flows from financing activities

New loans in year

11,100,000

Share issue

2

Related party loans

9,357,312

Net cash from financing activities

20,457,314

Increase in cash and cash equivalents

485,383

Cash and cash equivalents at beginning of period

2

-

Cash and cash equivalents at end of period

2

485,383

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

£

Profit before taxation

3,280,147

Depreciation charges

(3,656,730

)

Other adjustments

(2,123,292

)

Finance costs

74,739

Finance income

(1

)

(2,425,137

)

Increase in stocks

(77,971

)

Increase in trade and other debtors

(1,236,385

)

Increase in trade and other creditors

2,887,556

Cash generated from operations

(851,937

)

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Period ended 31 January 2021

31.1.21

4.11.20

£

£

Cash and cash equivalents

485,383

-

3.	ANALYSIS OF CHANGES IN NET DEBT

At 4.11.20

Cash flow

At 31.1.21

£

£

£

Net cash

Cash at bank

-

485,383

485,383

-

485,383

485,383

Debt

Debts falling due within 1 year

-

(238,685

)

(238,685

)

Debts falling due after 1 year

-

(10,861,315

)

(10,861,315

)

-

(11,100,000

)

(11,100,000

)

Total

-

(10,614,617

)

(10,614,617

)

1.	STATUTORY INFORMATION

Project Knight Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Basis of consolidation

The results of the group are consolidated on a line by line basis from date of acquisition, eliminating all inter group transactions to show the result of the group as if it were a single entity.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Turnover

Turnover represents the value of goods sold net of value added tax at point of sale. All turnover arises within the United Kingdom.

Goodwill

Goodwill which is purchased is written off over the period the company will benefit from the goodwill. Any negative goodwill is written off immediately on acquisition.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciated fixed assets are written off on a straight line basis over their estimated useful lives as follows

Freehold land

- is not depreciated

Freehold buildings

- up to 50 years

Leasehold properties

- shorter of 50 years, estimated useful life and remaining life of lease

Fixtures and fittings

- either 3 or 7 years

Motor vehicles

- 4 years

Assets under construction

- are not depreciated

The expected useful lives of the assets to the business are reassessed periodically in the light of experience.

Government grants

During the current financial year the company received government grant funding through the Job Retention Scheme and through local Council support as a result of the Covid-19 pandemic.

The income has been accounted for in the period in which it relates on an accruals basis.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Impairment of assets

Plant and equipment is reviewed for impairment if events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared against its carrying amount. Where the estimated recoverable amount is lower, an impairment loss is recognised immediately in profit and

Short-term debtors and creditors

Debtors and creditors, with no interest rate which are receivable or payable within one year, are recorded at transaction price. Any loss arising from impairment are recognised immediately in the statement of profit and loss.

Cash and cash equivalents

Cash and cash equivalents comprises of cash in hand and current balances with banks and other institutions, which are readily convertible to known amounts of cash and which are subject to insignificant risk of change in value. This definition is also used for the cash flow statement.

3.	EMPLOYEES AND DIRECTORS

£

Wages and salaries

448,274

Social security costs

18,160

Other pension costs

126,504

592,938

The average number of employees during the period was as follows:

Head office

7

Monthly

19

Weekly

249

275

The average number of employees by undertakings that were proportionately consolidated during the period was 278 .

£

Directors' remuneration

-

4.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

£

Other operating leases

11,299

Depreciation - owned assets

69,152

Goodwill amortisation

(3,725,882

)

Auditors' remuneration

2,500

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

£

Bank interest

57,331

Bank loan interest

15,407

Hire purchase interest payable

2,001

74,739

6.

TAXATION

Analysis of the tax credit

The tax credit on the profit for the period was as follows:

£

Deferred tax

(250,553

)

Tax on profit

(250,553

)

7.	INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.

8.	INTANGIBLE FIXED ASSETS

Group

Goodwill

£

COST

Additions

(3,725,882

)

At 31 January 2021

(3,725,882

)

AMORTISATION

Amortisation for period

(3,725,882

)

At 31 January 2021

(3,725,882

)

NET BOOK VALUE

At 31 January 2021

-

9.	TANGIBLE FIXED ASSETS

Group

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

COST

Additions

20,666,815

1,006,557

48,083

At 31 January 2021

20,666,815

1,006,557

48,083

DEPRECIATION

Charge for period

12,902

724

-

At 31 January 2021

12,902

724

-

NET BOOK VALUE

At 31 January 2021

20,653,913

1,005,833

48,083

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

Additions

891,439

21,689

22,634,583

At 31 January 2021

891,439

21,689

22,634,583

DEPRECIATION

Charge for period

46,759

8,767

69,152

At 31 January 2021

46,759

8,767

69,152

NET BOOK VALUE

At 31 January 2021

844,680

12,922

22,565,431

Included in cost of land and buildings is freehold land of £3,004,054 which is not depreciated.

10.	FIXED ASSET INVESTMENTS

Company

Shares in

group

undertakings

£

COST

Additions

15,767,867

At 31 January 2021

15,767,867

NET BOOK VALUE

At 31 January 2021

15,767,867