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REGISTERED NUMBER: 03143947 (England and Wales)









STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

CORNWALLIS CARE SERVICES LTD.

CORNWALLIS CARE SERVICES LTD. (REGISTERED NUMBER: 03143947)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Income Statement 7

Other Comprehensive Income 8

Balance Sheet 9

Statement of Changes in Equity 10

Notes to the Financial Statements 11


CORNWALLIS CARE SERVICES LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTORS: J S Clarkson
Mrs A Ellsmore





SECRETARY: I N Jarvis





REGISTERED OFFICE: Godrevy House
Trewidden Road
ST IVES
Cornwall
TR26 2BX





REGISTERED NUMBER: 03143947 (England and Wales)





AUDITORS: Lang Bennetts Audit Limited
The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG

CORNWALLIS CARE SERVICES LTD. (REGISTERED NUMBER: 03143947)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 OCTOBER 2022

The directors present their strategic report for the year ended 31 October 2022.

REVIEW OF BUSINESS
In this period, the difficult and ongoing situation within the NHS, in terms of bed admissions and bed blocking remained prevalent.

Demand for care beds in the community remained high and in the last 18 months the number of care homes closing has led to reduced capacity within the local market.

Severe pressures within the labour market for care staff generally meant that labour costs increased alongside the need to provide agency staff at higher cost.

This was combated somewhat by the setting up of Cornwallis Xtra, an in-house agency model with a more flexible employment contract. Labour numbers were also supplemented by contracting with overseas staff on longer term contracts.

Social changes to work patterns, post Covid, meant that there was an increasing requirement to provide the more balanced home/work arrangement in recruitment practices in order to accommodate this.

Because of the changes in bed demand, changes were made at Karenza to transition from nursing to residential dementia care provision. Additional bed capacity at Francis Bolitho also had a positive effect on income.

Profits for the year appear much reduced but that needs to be reviewed against the 2021/22 backdated rental increase of £900,000 that was paid to Porthia Group in this trading period.

Looking forward the likely profit return in year end 22/23 should be in the region of £1.5m.

This will be achieved due to the increased bed capacity and the subsequent increase in income. Alongside this, particular attention has been made to increase permanent staff numbers thus reducing the need for and cost of agency staff.

The income and profits of Cornwallis Care Services Limited were as follows:

2022 2021
£ £

Turnover 17,157,749 14,899,666
Profit 173,408 440,819

ON BEHALF OF THE BOARD:





Mrs A Ellsmore - Director


25 October 2023

CORNWALLIS CARE SERVICES LTD. (REGISTERED NUMBER: 03143947)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 OCTOBER 2022

The directors present their report with the financial statements of the company for the year ended 31 October 2022.

DIVIDENDS
The total distribution of dividends for the year ended 31 October 2022 will be £ 130,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2021 to the date of this report.

J S Clarkson
Mrs A Ellsmore

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Lang Bennetts Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mrs A Ellsmore - Director


25 October 2023

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CORNWALLIS CARE SERVICES LTD.

Opinion
We have audited the financial statements of Cornwallis Care Services Ltd. (the 'company') for the year ended 31 October 2022 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 October 2022 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CORNWALLIS CARE SERVICES LTD.


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and determined that the most significant are those that relate to laws and regulations surrounding the provision of care services, employment matters, and the built environment.

We assessed the risks of material misstatement in respect of fraud as follows:

- we made enquiries of the directors and management of any non-compliance of laws and regulations, potential litigation and claims or any knowledge of actual, suspected or alleged fraud.
- we reviewed regulatory compliance including reports produced by the Care Quality Commission.
- we reviewed payroll records, testing pay and deductions and discussed the procedure for the calculation of furlough claims and tested samples within our audit work.
- we considered the risk of fraud through management override.

Based on the results of our risk assessment, we designed our audit procedures to identify and to address material misstatements in relation to fraud, as follows:

- we reviewed legal fees to identify any potential non-compliance with laws and regulations.
- we reviewed material manual journal entries for evidence of management override or fraud.
- we reviewed information in relation to key operating compliance matters including the quality of care.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CORNWALLIS CARE SERVICES LTD.


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mr J Pearce (Senior Statutory Auditor)
for and on behalf of Lang Bennetts Audit Limited
The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG

25 October 2023

CORNWALLIS CARE SERVICES LTD. (REGISTERED NUMBER: 03143947)

INCOME STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2022

2022 2021
Notes £    £   

TURNOVER 17,157,749 14,899,666

Cost of sales 11,894,433 10,672,679
GROSS PROFIT 5,263,316 4,226,987

Administrative expenses 5,442,226 4,278,496
(178,910 ) (51,509 )

Other operating income 4 404,117 659,698
OPERATING PROFIT and
PROFIT BEFORE TAXATION 225,207 608,189

Tax on profit 7 51,799 167,370
PROFIT FOR THE FINANCIAL YEAR 173,408 440,819

CORNWALLIS CARE SERVICES LTD. (REGISTERED NUMBER: 03143947)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 OCTOBER 2022

2022 2021
Notes £    £   

PROFIT FOR THE YEAR 173,408 440,819


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

173,408

440,819

CORNWALLIS CARE SERVICES LTD. (REGISTERED NUMBER: 03143947)

BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 4,500 5,500
Tangible assets 10 1,406,735 1,232,733
1,411,235 1,238,233

CURRENT ASSETS
Stocks 11 13,500 13,500
Debtors 12 2,306,637 1,808,415
Cash at bank and in hand 845,491 864,731
3,165,628 2,686,646
CREDITORS
Amounts falling due within one year 13 2,722,674 2,165,896
NET CURRENT ASSETS 442,954 520,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,854,189

1,758,983

PROVISIONS FOR LIABILITIES 14 278,049 226,251
NET ASSETS 1,576,140 1,532,732

CAPITAL AND RESERVES
Called up share capital 15 100 100
Retained earnings 16 1,576,040 1,532,632
SHAREHOLDERS' FUNDS 1,576,140 1,532,732

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





Mrs A Ellsmore - Director


CORNWALLIS CARE SERVICES LTD. (REGISTERED NUMBER: 03143947)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2022

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1 November 2020 100 1,482,813 1,482,913

Changes in equity
Dividends - (391,000 ) (391,000 )
Total comprehensive income - 440,819 440,819
Balance at 31 October 2021 100 1,532,632 1,532,732

Changes in equity
Dividends - (130,000 ) (130,000 )
Total comprehensive income - 173,408 173,408
Balance at 31 October 2022 100 1,576,040 1,576,140

CORNWALLIS CARE SERVICES LTD. (REGISTERED NUMBER: 03143947)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1. STATUTORY INFORMATION

Cornwallis Care Services Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirement of paragraph 3.17(d).

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. Where care home income straddles the year end, revenue is recognised on a time apportioned basis.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


CORNWALLIS CARE SERVICES LTD. (REGISTERED NUMBER: 03143947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. OTHER OPERATING INCOME
2022 2021
£    £   
Sundry receipts 2,035 -
Government grants 402,082 659,698
404,117 659,698

5. EMPLOYEES AND DIRECTORS
2022 2021
£    £   
Wages and salaries 8,751,260 8,538,617
Social security costs 632,667 518,627
Other pension costs 157,570 144,758
9,541,497 9,202,002

The average number of employees during the year was as follows:
2022 2021

Head office and maintenance 13 15
Nursery 18 17
Care homes 428 439
459 471

2022 2021
£    £   
Directors' remuneration 158,877 128,088

CORNWALLIS CARE SERVICES LTD. (REGISTERED NUMBER: 03143947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

6. OPERATING PROFIT

The operating profit is stated after charging:

2022 2021
£    £   
Hire of plant and machinery 103,660 74,719
Other operating leases 2,783,060 1,565,170
Depreciation - owned assets 248,243 217,538
Goodwill amortisation 1,000 1,000
Auditors' remuneration 7,770 7,400

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2022 2021
£    £   
Current tax:
UK corporation tax - 64,632

Deferred tax 51,799 102,738
Tax on profit 51,799 167,370

UK corporation tax has been charged at 19% (2021 - 19%).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2022 2021
£    £   
Profit before tax 225,207 608,189
Profit multiplied by the standard rate of corporation tax in the UK of 19%
(2021 - 19%)

42,789

115,556

Effects of:
Capital allowances in excess of depreciation (51,473 ) (50,804 )
Adjustments to tax charge in respect of previous periods - (120 )
Deferred tax 51,799 102,738
Group relief 8,684 -
Total tax charge 51,799 167,370

8. DIVIDENDS
2022 2021
£    £   
Interim 130,000 391,000

CORNWALLIS CARE SERVICES LTD. (REGISTERED NUMBER: 03143947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

9. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2021
and 31 October 2022 20,000
AMORTISATION
At 1 November 2021 14,500
Amortisation for year 1,000
At 31 October 2022 15,500
NET BOOK VALUE
At 31 October 2022 4,500
At 31 October 2021 5,500

10. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2021 291,749 2,126,500 15,073 2,433,322
Additions 21,379 400,866 - 422,245
At 31 October 2022 313,128 2,527,366 15,073 2,855,567
DEPRECIATION
At 1 November 2021 88,159 1,103,043 9,387 1,200,589
Charge for year 33,745 213,645 853 248,243
At 31 October 2022 121,904 1,316,688 10,240 1,448,832
NET BOOK VALUE
At 31 October 2022 191,224 1,210,678 4,833 1,406,735
At 31 October 2021 203,590 1,023,457 5,686 1,232,733

11. STOCKS
2022 2021
£    £   
Stocks 13,500 13,500

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 907,776 729,419
Amounts owed by group undertakings 936,667 782,281
Other debtors 387,610 45,518
Prepayments 74,584 251,197
2,306,637 1,808,415

CORNWALLIS CARE SERVICES LTD. (REGISTERED NUMBER: 03143947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 820,605 777,420
Tax - 64,752
Social security and other taxes 314,325 144,752
Other creditors 921,855 446,440
Accrued expenses 665,889 732,532
2,722,674 2,165,896

14. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 278,049 226,251

Deferred
tax
£   
Balance at 1 November 2021 226,251
Accelerated capital allowances 51,798
Balance at 31 October 2022 278,049

15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

16. RESERVES
Retained
earnings
£   

At 1 November 2021 1,532,632
Profit for the year 173,408
Dividends (130,000 )
At 31 October 2022 1,576,040

17. CONTINGENT LIABILITIES

The company has provided security for the borrowings of parent company Porthia Group Limited, by means of a cross guarantee. At 31 October 2022 the amount of the parent company's bank loans was £6,349,351 (2021: £6,766,505).

18. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

CORNWALLIS CARE SERVICES LTD. (REGISTERED NUMBER: 03143947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

18. RELATED PARTY DISCLOSURES - continued

During the year the company had the following transactions with related companies as follows:

(Sales) / Purchases 2022 2021
£    £   
Porthia Limited (8,480 ) (9,202 )
Porthia Homes Limited - 4,960
Porthia Properties (1,918 ) (432 )

The amounts outstanding at the year end were as follows:

Debtor / (Creditor) 2022 2021
£    £   
Porthia Limited 22,839 29,359
Porthia Homes Limited 160 160
Porthia Properties 68 -

During the year the company purchased services in which the child of key management was a director. These services totalled £61,514 (2021: £Nil). At the year end the amount owed was £19,770 (2021: £Nil).

During the year, a total of key management personnel compensation of £ 158,877 (2021 - £ 128,088 ) was paid.

19. ULTIMATE PARENT UNDERTAKING

The ultimate parent is Porthia Group Limited, a company incorporated in England and Wales.

These financial statements are available upon request from:
Godrevy House,
Trewidden Road,
St Ives,
Cornwall,
TR26 2BX

The controlling party is Mr and Mrs Ellsmore who together own 89% of the shares in the parent company.