ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

As restated

PERMITTED DEVELOPMENTS INVESTMENTS NO 17 LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-06-302022-06-30Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss. Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. The Company also enters into complex financial instrument transactions that are subject to fair value adjustments based on their market value and gains and losses taken to the profit and loss. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, 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, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan. at fair value with changes recognised in the Statement of Comprehensive Income if the shares are publicly traded or their fair value can otherwise be measured reliably; at cost less impairment for all other investments. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, 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, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan. Investments in non-derivative instruments that are equity to the issuer are measured: at fair value with changes recognised in the Statement of Comprehensive Income if the shares are publicly traded or their fair value can otherwise be measured reliably; at cost less impairment for all other investments. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.falsefalse2021-07-01Letting or operating of owned or leased real estate33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12733852 2021-07-01 2022-06-30 12733852 2020-01-30 2021-06-30 12733852 2022-06-30 12733852 2021-06-30 12733852 c:RestatedAmount 2021-06-30 12733852 1 2021-07-01 2022-06-30 12733852 1 2020-01-30 2021-06-30 12733852 2 2021-07-01 2022-06-30 12733852 2 2020-01-30 2021-06-30 12733852 e:Director2 2021-07-01 2022-06-30 12733852 c:FreeholdInvestmentProperty 2022-06-30 12733852 c:FreeholdInvestmentProperty 2021-06-30 12733852 c:CurrentFinancialInstruments 2022-06-30 12733852 c:CurrentFinancialInstruments 2021-06-30 12733852 c:Non-currentFinancialInstruments 2022-06-30 12733852 c:Non-currentFinancialInstruments 2021-06-30 12733852 c:CurrentFinancialInstruments c:WithinOneYear 2022-06-30 12733852 c:CurrentFinancialInstruments c:WithinOneYear 2021-06-30 12733852 c:Non-currentFinancialInstruments c:AfterOneYear 2022-06-30 12733852 c:Non-currentFinancialInstruments c:AfterOneYear 2021-06-30 12733852 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2022-06-30 12733852 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2021-06-30 12733852 c:ShareCapital 2021-07-01 2022-06-30 12733852 c:ShareCapital 2022-06-30 12733852 c:ShareCapital 2020-01-30 2021-06-30 12733852 c:ShareCapital 2021-06-30 12733852 c:InvestmentPropertiesRevaluationReserve 2021-07-01 2022-06-30 12733852 c:OtherMiscellaneousReserve 2021-07-01 2022-06-30 12733852 c:OtherMiscellaneousReserve 2022-06-30 12733852 c:OtherMiscellaneousReserve 1 2021-07-01 2022-06-30 12733852 c:OtherMiscellaneousReserve 2 2021-07-01 2022-06-30 12733852 c:OtherMiscellaneousReserve 2020-01-30 2021-06-30 12733852 c:OtherMiscellaneousReserve 2021-06-30 12733852 c:OtherMiscellaneousReserve c:RestatedAmount 2021-06-30 12733852 c:OtherMiscellaneousReserve 1 2020-01-30 2021-06-30 12733852 c:OtherMiscellaneousReserve 2 2020-01-30 2021-06-30 12733852 c:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 12733852 c:RetainedEarningsAccumulatedLosses 2022-06-30 12733852 c:RetainedEarningsAccumulatedLosses 1 2021-07-01 2022-06-30 12733852 c:RetainedEarningsAccumulatedLosses 2 2021-07-01 2022-06-30 12733852 c:RetainedEarningsAccumulatedLosses 2020-01-30 2021-06-30 12733852 c:RetainedEarningsAccumulatedLosses 2021-06-30 12733852 c:RetainedEarningsAccumulatedLosses c:RestatedAmount 2021-06-30 12733852 c:RetainedEarningsAccumulatedLosses 1 2020-01-30 2021-06-30 12733852 c:RetainedEarningsAccumulatedLosses 2 2020-01-30 2021-06-30 12733852 c:AcceleratedTaxDepreciationDeferredTax 2022-06-30 12733852 e:OrdinaryShareClass1 2021-07-01 2022-06-30 12733852 e:OrdinaryShareClass1 2022-06-30 12733852 e:OrdinaryShareClass1 2021-06-30 12733852 e:OrdinaryShareClass2 2021-07-01 2022-06-30 12733852 e:OrdinaryShareClass2 2022-06-30 12733852 e:OrdinaryShareClass2 2021-06-30 12733852 e:OrdinaryShareClass3 2021-07-01 2022-06-30 12733852 e:OrdinaryShareClass3 2022-06-30 12733852 e:OrdinaryShareClass3 2021-06-30 12733852 e:FRS102 2021-07-01 2022-06-30 12733852 e:AuditExempt-NoAccountantsReport 2021-07-01 2022-06-30 12733852 e:FullAccounts 2021-07-01 2022-06-30 12733852 e:PrivateLimitedCompanyLtd 2021-07-01 2022-06-30 12733852 c:OtherMiscellaneousReserve c:PriorPeriodErrorIncreaseDecrease 2021-07-01 2022-06-30 12733852 c:RetainedEarningsAccumulatedLosses c:PriorPeriodErrorIncreaseDecrease 2021-07-01 2022-06-30 12733852 c:PriorPeriodErrorIncreaseDecrease 2021-07-01 2022-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12733852

PERMITTED DEVELOPMENTS INVESTMENTS NO 17 LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2022

PERMITTED DEVELOPMENTS INVESTMENTS NO 17 LIMITED

REGISTERED NUMBER: 12733852

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2022

				As restated
		2022		2021
		£		£

Fixed assets
Investment property	4		14,830,000		14,830,000
			14,830,000		14,830,000
Current assets
Debtors: amounts falling due within one year	5	1,053,889		1,157,304
Cash at bank and in hand	6	614,574		200,149
		1,668,463		1,357,453
Creditors: amounts falling due within one year	7	(7,734,269)		(8,248,507)
Net current liabilities			(6,065,806)		(6,891,054)
Total assets less current liabilities			8,764,194		7,938,946
Creditors: amounts falling due after more than one year	8		(7,450,000)		(6,656,522)
Provisions for liabilities
Deferred tax	10	(469,669)		(469,669)
			(469,669)		(469,669)
Net assets			844,525		812,755

Capital and reserves
Called up share capital		120	120
Profit share reserve	12	(844,406)	(812,636)
Profit and loss account	12	1,688,811	1,625,271
		844,525	812,755

Page 1

PERMITTED DEVELOPMENTS INVESTMENTS NO 17 LIMITED

REGISTERED NUMBER: 12733852

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 JUNE 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

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

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

B Ditkovsky

Director

Date: 11 August 2023

The notes on pages 5 to 11 form part of these financial statements.

Page 2

PERMITTED DEVELOPMENTS INVESTMENTS NO 17 LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 JUNE 2022

	Called up share capital	Profit share reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 July 2021 (as previously stated)	120	(812,636)	1,505,271	692,755
Prior year adjustment - correction of error	-	-	120,000	120,000
At 1 July 2021 (as restated)	120	(812,636)	1,625,271	812,755
Comprehensive income for the year
Profit for the year	-	-	63,540	63,540
Other movement type 1	-	-	(31,770)	(31,770)
Other comprehensive income for the year	-	-	(31,770)	(31,770)
Total comprehensive income for the year	-	-	31,770	31,770
Transfer to/from profit and loss account	-	-	31,770	31,770
Transfer from profit and loss	-	(31,770)	-	(31,770)
Total transactions with owners	-	(31,770)	31,770	-
At 30 June 2022	120	(844,406)	1,688,811	844,525

The notes on pages 5 to 11 form part of these financial statements.

Page 3

PERMITTED DEVELOPMENTS INVESTMENTS NO 17 LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 JUNE 2021

	Called up share capital	As restated profit share reserve	As restated profit and loss account	Total equity
	£	£	£	£
Comprehensive income for the period
Profit for the period	-	-	1,625,271	1,625,271
Transfer from profit and loss reserve	-	-	(812,636)	(812,636)
Other comprehensive income for the period	-	-	(812,636)	(812,636)
Total comprehensive income for the period	-	-	812,635	812,635
Contributions by and distributions to owners
Shares issued during the period	120	-	-	120
Transfer to/from profit and loss account	-	-	812,636	812,636
Transfer from profit and loss	-	(812,636)	-	(812,636)
Total transactions with owners	120	(812,636)	812,636	120
At 30 June 2021	120	(812,636)	1,625,271	812,755

The notes on pages 5 to 11 form part of these financial statements.

Page 4

PERMITTED DEVELOPMENTS INVESTMENTS NO 17 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

1.	General information

Permitted Developments Investments No 17 Limited is a private Company limited by shares incorporated in England and Wales. Company number 12733852. The address of its principal place of business is 30 Old Bailey, London, United Kingdom, EC4M 7AU.
The principal activity of the Company is that of the letting and operating of owned or leased real estate.
The financial statements are prepared in Sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

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PERMITTED DEVELOPMENTS INVESTMENTS NO 17 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

2.Accounting policies (continued)

2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.7

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.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

PERMITTED DEVELOPMENTS INVESTMENTS NO 17 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

2.Accounting policies (continued)

2.10

Financial instruments

The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
The Company also enters into complex financial instrument transactions that are subject to fair value adjustments based on their market value and gains and losses taken to the profit and loss.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, 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, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:

∙at fair value with changes recognised in the Statement of Comprehensive Income if the shares are publicly traded or their fair value can otherwise be measured reliably;

∙at cost less impairment for all other investments.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).

Page 7

PERMITTED DEVELOPMENTS INVESTMENTS NO 17 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 July 2021	14,830,000
	At 30 June 2022	14,830,000

There is a fixed charge over the property.

The 2022 valuations were made by Duff & Phelps/Kroll, on an open market value for existing use basis.

Debtors

					2022	2021
					£	£


Trade debtors	-	492,643
Amounts owed by group undertakings	1,028,890	573,537
Prepayments and accrued income	24,999	91,124
	1,053,889	1,157,304

6.	Cash and cash equivalents
		2022	2021
		£	£

Cash at bank and in hand	614,575	200,149
Bank overdrafts	-	(359,878)
	614,575	(159,729)

Page 8

PERMITTED DEVELOPMENTS INVESTMENTS NO 17 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

Bank overdrafts	-	359,878
Bank loans	-	7,300,000
Other loans	6,102,211	-
Other loans - profit share adjustment	844,406	-
Trade creditors	21,370	7,334
Corporation tax	137,594	22,581
Other taxation and social security	163,742	163,934
Accruals and deferred income	464,946	394,780
	7,734,269	8,248,507

Bank loans and overdrafts shown above are secured over the company's investment property.

Bank loans	7,450,000	-
Other loans	-	5,843,886
Other loans profit share adjustment	-	812,636
	7,450,000	6,656,522

Page 9

PERMITTED DEVELOPMENTS INVESTMENTS NO 17 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

Amounts falling due within one year
Bank loans	-	7,300,000
Other loans	6,102,211	-
	6,102,211	7,300,000
Amounts falling due 1-2 years
Bank loans	7,450,000	-
Other loans	-	5,843,887
	7,450,000	5,843,887


	13,552,211	13,143,887

10.	Deferred taxation

		2022
		£

	At beginning of year	(469,669)
	At end of year	(469,669)

	The provision for deferred taxation is made up as follows:
					2022
					£

	Accelerated gains on investment property	(469,669)
		(469,669)

Page 10

PERMITTED DEVELOPMENTS INVESTMENTS NO 17 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

11.	Share capital
		2022	2021
		£	£

Allotted, called up and fully paid

40 (2021 - 40) Ordinary A shares of £1.00 each	40	40
40 (2021 - 40) Ordinary B shares of £1.00 each	40	40
40 (2021 - 40) Ordinary C shares of £1.00 each	40	40

	120	120

12.

Reserves

Fair value reserve

This reserve represents the cumulative fair value movements on investment properties and fair value movements on complex financial instruments.

Profit share reserve

This reserve represents cumulative profit share entitlements on relevant loans.

Profit and loss account

This reserve represents cumulative profits and losses less dividends paid.

13.	Prior year adjustment

The prior year fair value movements have been restated due to reclassification of expense incurred on property to fair value movement. The impact on the profit was a reduction of £120,000.
There has been a prior year adjustment made in relation to the fair value adjustment on loans. This resulted in a change on other comprehensive income and profit share reserves of £812,636. There has also been an adjustment in the classification of bank loans to other loans as well as the classification f the term in which the loan is repayable.

14.	Related party transactions
	At the period end the Company was owed £1,028,890 (2021 - £573,537) by BYM Capital Limited, a related party through common ownership. The amount is interest free and repayable on demand.

Page 11