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Deferred tax - Movements in net deferred tax asset (Details) - GBP (£)
1 Months Ended 12 Months Ended
Apr. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
Movements in net deferred tax asset        
Net deferred tax liability/(asset) at beginning of year   £ 35,546,000 £ (27,025,000)  
(Credited)/expensed to the statement of profit or loss (Note 10)   (29,431,000) 64,019,000 £ 1,426,000
Expensed/(credited) to other comprehensive income (Note 10)   1,287,000 (1,448,000) (1,901,000)
Net deferred tax liability/(asset) at end of year   £ 7,402,000 35,546,000 (27,025,000)
US        
Movements in net deferred tax asset        
Net deferred tax liability/(asset) at beginning of year     (58,362,000)  
(Credited)/expensed to the statement of profit or loss (Note 10)     61,757,000 475,000
Expensed/(credited) to other comprehensive income (Note 10)     £ (3,395,000) (422,000)
Net deferred tax liability/(asset) at end of year       £ (58,362,000)
Tax rate   21.00% 21.00% 21.00%
Unrecognised deferred tax assets   £ 87,609,000 £ 97,187,000  
US | Foreign tax credits        
Movements in net deferred tax asset        
Net deferred tax liability/(asset) at beginning of year     (27,815,000)  
(Credited)/expensed to the statement of profit or loss (Note 10)     31,779,000  
Expensed/(credited) to other comprehensive income (Note 10)     (3,964,000)  
Net deferred tax liability/(asset) at end of year       £ (27,815,000)
Unrecognised deferred tax assets   25,678,000    
US | Net operating losses        
Movements in net deferred tax asset        
Net deferred tax liability/(asset) at beginning of year   (3,359,000) (9,537,000)  
(Credited)/expensed to the statement of profit or loss (Note 10)   (4,492,000) 6,328,000  
Expensed/(credited) to other comprehensive income (Note 10)     (150,000)  
Net deferred tax liability/(asset) at end of year   (7,851,000) (3,359,000) (9,537,000)
Unrecognised deferred tax assets   46,670,000    
US | Unrealized foreign exchange and derivative movements        
Movements in net deferred tax asset        
Net deferred tax liability/(asset) at beginning of year     (2,296,000)  
(Credited)/expensed to the statement of profit or loss (Note 10)   4,575,000 1,577,000  
Expensed/(credited) to other comprehensive income (Note 10)     719,000  
Net deferred tax liability/(asset) at end of year   4,575,000   (2,296,000)
US | Intangible assets        
Movements in net deferred tax asset        
Net deferred tax liability/(asset) at beginning of year     (9,070,000)  
(Credited)/expensed to the statement of profit or loss (Note 10)     9,070,000  
Net deferred tax liability/(asset) at end of year       (9,070,000)
Unrecognised deferred tax assets   4,088,000    
US | Deferred revenue        
Movements in net deferred tax asset        
Net deferred tax liability/(asset) at beginning of year     (5,831,000)  
(Credited)/expensed to the statement of profit or loss (Note 10)     5,831,000  
Net deferred tax liability/(asset) at end of year       (5,831,000)
US | Property, plant and equipment        
Movements in net deferred tax asset        
Net deferred tax liability/(asset) at beginning of year   3,359,000 3,118,000  
(Credited)/expensed to the statement of profit or loss (Note 10)   (83,000) 241,000  
Net deferred tax liability/(asset) at end of year   3,276,000 3,359,000 3,118,000
US | Salary not paid with 2.5 months of year end        
Movements in net deferred tax asset        
Unrecognised deferred tax assets   5,892,000    
US | Other        
Movements in net deferred tax asset        
Net deferred tax liability/(asset) at beginning of year     (6,931,000)  
(Credited)/expensed to the statement of profit or loss (Note 10)     6,931,000  
Net deferred tax liability/(asset) at end of year       (6,931,000)
Unrecognised deferred tax assets   5,281,000    
UK        
Movements in net deferred tax asset        
Net deferred tax liability/(asset) at beginning of year   35,546,000 31,337,000  
(Credited)/expensed to the statement of profit or loss (Note 10)   (29,431,000) 2,262,000 951,000
Expensed/(credited) to other comprehensive income (Note 10)   1,287,000 1,947,000 (1,479,000)
Net deferred tax liability/(asset) at end of year   £ 7,402,000 £ 35,546,000 31,337,000
Tax rate 25.00% 19.00% 19.00%  
Non-cash deferred tax charge     £ 11,224,000 3,915,000
Unrecognised deferred tax assets   £ 0 0  
UK | Accelerated tax depreciation        
Movements in net deferred tax asset        
Net deferred tax liability/(asset) at beginning of year   609,000 608,000  
(Credited)/expensed to the statement of profit or loss (Note 10)   (229,000) 1,000  
Net deferred tax liability/(asset) at end of year   380,000 609,000 608,000
UK | Non qualifying property        
Movements in net deferred tax asset        
Net deferred tax liability/(asset) at beginning of year   17,482,000 13,290,000  
(Credited)/expensed to the statement of profit or loss (Note 10)   (5,000) 4,192,000  
Net deferred tax liability/(asset) at end of year   17,477,000 17,482,000 13,290,000
UK | Property fair value adjustment        
Movements in net deferred tax asset        
Net deferred tax liability/(asset) at beginning of year   17,442,000 13,735,000  
(Credited)/expensed to the statement of profit or loss (Note 10)   (631,000) 3,707,000  
Net deferred tax liability/(asset) at end of year   16,811,000 17,442,000 13,735,000
UK | Net operating losses        
Movements in net deferred tax asset        
Net deferred tax liability/(asset) at beginning of year   (12,180,000)    
(Credited)/expensed to the statement of profit or loss (Note 10)   (32,427,000) (12,180,000)  
Expensed/(credited) to other comprehensive income (Note 10)   40,000    
Net deferred tax liability/(asset) at end of year   (44,567,000) (12,180,000)  
UK | Intangible assets        
Movements in net deferred tax asset        
Net deferred tax liability/(asset) at beginning of year   15,000,000 9,881,000  
(Credited)/expensed to the statement of profit or loss (Note 10)   1,359,000 5,119,000  
Net deferred tax liability/(asset) at end of year   16,359,000 15,000,000 9,881,000
UK | Other        
Movements in net deferred tax asset        
Net deferred tax liability/(asset) at beginning of year   (2,807,000) (6,177,000)  
(Credited)/expensed to the statement of profit or loss (Note 10)   2,502,000 1,423,000  
Expensed/(credited) to other comprehensive income (Note 10)   1,247,000 1,947,000  
Net deferred tax liability/(asset) at end of year   942,000 £ (2,807,000) £ (6,177,000)
UK | Due after 1 year        
Movements in net deferred tax asset        
Net deferred tax liability/(asset) at end of year   £ 7,402,000