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Summary of significant accounting policies (Tables)

12 Months Ended

Jun. 30, 2022

Summary of significant accounting policies

Schedule of all financial instruments held at 30 June 2022 which reference USD LIBOR and have not yet transitioned to an alternative interest rate benchmark

​

​	​	​	​	​
​		Carrying value as at 30 June 2022
​	​	Assets	​	Liabilities
​		£000		£000
Borrowings (measured at amortised cost)		—		(183,191)
Derivative financial instruments		2,458		—
Total		2,458		(183,191)

​

Schedule of exchange rates per £1.00

The most important exchange rates per £1.00 that have been used in preparing the financial statements are:

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​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Closing rate					​	Average rate
​		2022		2021		2020		2022		2021		2020
Euro	​	1.1630	​	1.1651	​	1.0998	​	1.1787	​	1.1382	​	1.1391
US Dollar		1.2151		1.3820		1.2374		1.3288		1.3461		1.2633

​

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- Definition

The disclosure of quantitative information about financial instruments that have yet to transition to an alternative benchmark rate.

+ References

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