Contents of the Financial Statements

for the Period Ended 31 July 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 July 2022

The directors present their report with the financial statements of the company for the period ended 31 July 2022

Directors

The directors shown below have held office during the whole of the period from
22 April 2021 to 31 July 2022

Steve Turner
Ronan Pairceir
Ivy McFarlene
Andrew Press

The director shown below has held office during the period of
22 April 2021 to 1 May 2022

James Bradley

The director shown below has held office during the period of
17 May 2021 to 31 July 2022

Guy Warren

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
9 February 2023

And signed on behalf of the board by:
Name: Steve Turner
Status: Director

Profit And Loss Account

for the Period Ended 31 July 2022

	15 months to 31 July 2022
	£
Turnover:	22,738,000
Cost of sales:	( 13,931,000 )
Gross profit(or loss):	8,807,000
Administrative expenses:	( 11,640,000 )
Other operating income:	505,000
Operating profit(or loss):	(2,328,000)
Interest receivable and similar income:	282,000
Interest payable and similar charges:	( 8,482,000 )
Profit(or loss) before tax:	(10,528,000)
Profit(or loss) for the financial year:	(10,528,000)

Balance sheet

As at 31 July 2022

	Notes	15 months to 31 July 2022
		£
Fixed assets
Intangible assets:	3	35,655,000
Tangible assets:	4	57,000
Total fixed assets:		35,712,000
Current assets
Debtors:	5	20,646,000
Cash at bank and in hand:		4,363,000
Total current assets:		25,009,000
Creditors: amounts falling due within one year:	6	( 37,398,000 )
Net current assets (liabilities):		(12,389,000)
Total assets less current liabilities:		23,323,000
Creditors: amounts falling due after more than one year:	7	( 32,050,000 )
Provision for liabilities:		( 5,000 )
Total net assets (liabilities):		(8,732,000)
Capital and reserves
Called up share capital:		152,000
Other reserves:		2,254,000
Profit and loss account:		(11,138,000 )
Total Shareholders' funds:		( 8,732,000 )

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 July 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 July 2022

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairmentlosses. Where parts of an item of tangible fixed assets have different useful lives, they areaccounted for as separate items of tangible fixed assets, for example land is treated separately frombuildings. The entity assesses at each reporting date whether tangible fixed assets are impaired.Depreciation is charged to the profit and loss account, calculated so as to write off the cost orvaluation of an asset, less its residual value, over the useful economic life of that asset

  Intangible fixed assets amortisation policy

  GoodwillGoodwill is stated at cost less any accumulated amortisation and accumulated impairment losses.Goodwill is allocated to cash-generating units or group of cash-generating units that are expected tobenefit from the synergies of the business combination from which it arose.Goodwill is amortised on a straight-line basis over its useful life. Goodwill has no residual value. Thefinite useful life of goodwill is estimated to be 10 years

Notes to the Financial Statements

for the Period Ended 31 July 2022

• 2. Employees

  	15 months to 31 July 2022
  Average number of employees during the period	200