XML 482 R73.htm IDEA: XBRL DOCUMENT

Additional information - Financial Statement Schedule I (Tables)

12 Months Ended

Jun. 30, 2023

Additional information - Financial Statement Schedule I

Statement of condensed statement of profit or loss


		Year ended 30 June
		2023		2022		2021
		£’000		£’000		£’000
Operating expenses		(13,788)		(4,325)		(4,253)
Income from shares in group undertakings		—		33,553		10,718
Finance income		113		124		—
(Loss)/profit before income tax		(13,675)		29,352		6,465
Income tax expense		—		(1)		(1)
(Loss)/profit for the year		(13,675)		29,351		6,464

Statement of condensed balance sheet


		As of 30 June
		2023		2022
		£’000		£’000
ASSETS
Non-current assets
Investment in subsidiaries		319,265		319,265
		319,265		319,265
Current assets
Other receivables		90		1,047
Cash and cash equivalents		715		131
		805		1,178
Total assets		320,070		320,443

EQUITY AND LIABILITIES
Equity
Share capital		53		53
Share premium		68,822		68,822
Treasury shares		(21,305)		(21,305)
Retained earnings		246,187		258,109
		293,757		305,679
Current liabilities
Other payables		26,313		14,764
		26,313		14,764
Total equity and liabilities		320,070		320,443

Statement of condensed statement of changes in equity


		Share		Share		Treasury		Retained
		capital		premium		shares		earnings		Total equity
		£’000		£’000		£’000		£’000		£’000
Balance at 1 July 2020		53		68,822		(21,305)		264,282		311,852
Profit for the year		—		—		—		6,464		6,464
Total comprehensive income for the year		—		—		—		6,464		6,464
Equity-settled share based payments		—		—		—		2,085		2,085
Dividends paid		—		—		—		(10,718)		(10,718)
Balance at 30 June 2021		53		68,822		(21,305)		262,113		309,683
Profit for the year		—		—		—		29,351		29,351
Total comprehensive income for the year		—		—		—		29,351		29,351
Equity-settled share based payments		—		—		—		198		198
Dividends paid		—		—		—		(33,553)		(33,553)
Balance at 30 June 2022		53		68,822		(21,305)		258,109		305,679
Loss for the year		—		—		—		(13,675)		(13,675)
Total comprehensive loss for the year		—		—		—		(13,675)		(13,675)
Equity-settled share based payments		—		—		—		1,753		1,753
Balance at 30 June 2023		53		68,822		(21,305)		246,187		293,757

Statement of condensed statement of cash flows


		Year ended 30 June
		2023		2022		2021
		£’000		£’000		£’000
Cash flows from operating activities
(Loss)/profit before income tax		(13,675)		29,352		6,465
Adjustments for:
Non-cash employee benefit expense - equity-settled share-based payments		1,753		198		2,085
Foreign exchange losses/(gains) on operating activities		116		(35)		263
Changes in working capital:
Other receivables		957		150		—
Other payables		11,549		3,837		2,120
Tax paid		—		(1)		(1)
Net cash inflow from operating activities		700		33,501		10,932
Cash flows from financing activities
Dividends paid		—		(33,553)		(10,718)
Net cash outflow from financing activities		—		(33,553)		(10,718)
Effect of exchange rate changes on cash and cash equivalents		(116)		35		(263)
Net increase/(decrease) in cash and cash equivalents		584		(17)		(49)
Cash and cash equivalents at beginning of year		131		148		197
Cash and cash equivalents at end of year		715		131		148

Statement of reconciliation of parent and consolidated financial information



		2023		2022		2021
		£’000		£’000		£’000
IFRS (loss)/profit reconciliation:
Parent only — IFRS (loss)/profit for the year		(13,675)		29,351		6,464
Additional loss if subsidiaries had been accounted for on the equity method of accounting as opposed to cost		(15,003)		(144,861)		(98,680)
Consolidated IFRS loss for the year		(28,678)		(115,510)		(92,216)

IFRS equity reconciliation:
Parent only — IFRS equity		293,757		305,679		309,683
Additional loss if subsidiaries had been accounted for on the equity method of accounting as opposed to cost		(189,807)		(178,171)		(37,171)
Consolidated — IFRS equity		103,950		127,508		272,512