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Trade and other payables | 12 Months Ended
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Jun. 30, 2021
Trade and other payables |
Trade and other payables |
24 | Trade and other payables
​
​ | ​ | ​ | ​ | ​
​ | ​ | 2021 | ​ | 2020
​ |  | £’000 |  | £’000
Trade payables |  | 143,400 |  | 155,983
Other payables |  | 22,297 |  | 8,526
Accrued expenses |  | 61,990 |  | 70,638
Social security and other taxes |  | 32,491 |  | 32,268
​ |  | 260,178 |  | 267,415
Less: non-current portion |  | ​ |  | ​
Trade payables |  | 66,778 |  | 50,065
Other payables |  | 739 |  | 1,257
Non-current trade and other payables |  | 67,517 |  | 51,322
Current trade and other payables |  | 192,661 |  | 216,093
​
(i) | Accounting policy
Trade and other payables are liabilities for goods and services provided to the Group prior to the end of the financial year which are unpaid. They are recognized initially at their fair value and subsequently measured at amortized cost using the effective interest method. They are classified as current liabilities if payment is due within one year or less. If not they are presented as non-current liabilities. 24 Trade and other payables (continued)
(ii) | Amounts included in trade payables
Trade payables include transfer fees and other associated costs in relation to the acquisition of registrations of £136,309,000 (2020: £149,134,000) of which £66,778,000 (2020: £50,065,000) is due after more than one year. Of the amount due after more than one year, £40,228,000 (2020: £26,396,000) is expected to be paid between 1 and 2 years, and the balance of £26,550,000 (2020: £23,669,000) is expected to be paid between 2 and 5 years.
(iii) | Amounts included in accrued expenses
Accrued expenses include £616,000 (2020: £1,259,000) related to share-based payment transactions expected to be cash-settled.
(iv) | Fair value of trade payables
The fair value of trade payables as at 30 June 2021 was £145,775,000 (2020: £158,464,000) before discounting of cash flows. The fair value of other payables is not materially different to their carrying amount.
(v) | Government assistance
The UK government has made available a range of business support measures during COVID-19. The Group has benefited directly from government assistance in the form of payment deferrals for VAT. The quarterly VAT payments for the periods ended 29 February 2020 and 31 May 2020, originally due 31 March 2020 and 30 June 2020 respectively, were deferred, with the payment due being spread over monthly instalments from March 2021 to January 2022. The amount deferred as at 30 June 2021 is £9,965,000.

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