Company registration number 07867765 (England and Wales)
ADRIANNA PAPELL UK LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ADRIANNA PAPELL UK LIMITED
CONTENTS
Page
Group balance sheet
1
Company balance sheet
2
Group statement of changes in equity
3
Company statement of changes in equity
4
Notes to the financial statements
5 - 13
ADRIANNA PAPELL UK LIMITED
GROUP BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
4
-
-
Tangible assets
5
1,700
11,948
Current assets
Stocks
946,681
1,081,877
Debtors
8
398,782
541,277
Cash at bank and in hand
871,078
1,116,279
2,216,541
2,739,433
Creditors: amounts falling due within one year
9
(907,449)
(596,361)
Net current assets
1,309,092
2,143,072
Total assets less current liabilities
1,310,792
2,155,020
Creditors: amounts falling due after more than one year
10
(1,653,690)
(3,055,038)
Net liabilities
(342,898)
(900,018)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(342,900)
(900,020)
Total equity
(342,898)
(900,018)

The directors of the group have elected not to include a copy of the profit and loss account within the financial statements.

These financial statements have been prepared in accordance with the provisions applicable to groups and companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 24 July 2024 and are signed on its behalf by:
24 July 2024
A Berkman
Director
Company registration number 07867765 (England and Wales)
ADRIANNA PAPELL UK LIMITED
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
5
1,700
11,948
Investments
6
2,580
2,580
4,280
14,528
Current assets
Stocks
946,681
1,081,877
Debtors
8
666,904
1,188,748
Cash at bank and in hand
582,484
450,700
2,196,069
2,721,325
Creditors: amounts falling due within one year
9
(879,070)
(538,585)
Net current assets
1,316,999
2,182,740
Total assets less current liabilities
1,321,279
2,197,268
Creditors: amounts falling due after more than one year
10
(1,653,690)
(3,055,038)
Net liabilities
(332,411)
(857,770)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(332,413)
(857,772)
Total equity
(332,411)
(857,770)

As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s profit for the year was £525,359 (2022 - £248,452 profit).

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 24 July 2024 and are signed on its behalf by:
24 July 2024
A Berkman
Director
Company registration number 07867765 (England and Wales)
ADRIANNA PAPELL UK LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2022
2
(1,071,833)
(1,071,831)
Year ended 31 December 2022:
Profit and total comprehensive income
-
171,813
171,813
Balance at 31 December 2022
2
(900,020)
(900,018)
Year ended 31 December 2023:
Profit and total comprehensive income
-
557,120
557,120
Balance at 31 December 2023
2
(342,900)
(342,898)
ADRIANNA PAPELL UK LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2022
2
(1,106,224)
(1,106,222)
Year ended 31 December 2022:
Profit and total comprehensive income for the year
-
248,452
248,452
Balance at 31 December 2022
2
(857,772)
(857,770)
Year ended 31 December 2023:
Profit and total comprehensive income
-
525,359
525,359
Balance at 31 December 2023
2
(332,413)
(332,411)
ADRIANNA PAPELL UK LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
1
Accounting policies
Company information

Adrianna Papell UK Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is 2 Leman Street, London, E1W 9US.

 

The group consists of Adrianna Papell UK Limited and all of its subsidiaries.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Adrianna Papell UK Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

 

All financial statements are made up to 31 December 2023. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

 

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

1.3
Going concern

As at 31 December 2023 the group was in net liabilities position. The financial statements have been prepared on the going concern basis as the company's parent company, Adrianna Papell, LLC, has provided written confirmation of their intention to provide continued financial support to the company and the group for the foreseeable future, defined as at least twelve months from the date of signing the financial statements.

 

Adrianna Papell, LLC has prepared wider group forecasts covering a period of at least twelve months from the date of approval of these financial statements which take into consideration the inflation and cost of living crisis on the wider group's operations. These forecasts indicate that the wider group has sufficient funding and resources available to it to enable it to meet its forecasted operating expenditure for at least twelve months from the date of signing these financial statements. On this basis, the directors consider it appropriate to prepare these financial statements on the going concern basis.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods sold in the normal course of business, and is shown net of returns, VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

Concession and wholesale sales are recognised at the point where significant risks and rewards of ownership of goods have been passed to customers, which is generally when goods are purchased by customers.

ADRIANNA PAPELL UK LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 6 -
1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
33% straight line
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
50% straight line
Land and buildings
Straight line over the life of the lease

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.7
Fixed asset investments

Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

 

In the parent company financial statements, investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.8
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

 

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

ADRIANNA PAPELL UK LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 7 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.9
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.10
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

ADRIANNA PAPELL UK LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 8 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

 

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

 

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.12
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.13
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

ADRIANNA PAPELL UK LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 9 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.14
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.15
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2023
2022
2023
2022
Number
Number
Number
Number
Total
7
8
7
8
3
Directors' remuneration
2023
2022
£
£
Remuneration paid to directors
184,013
157,631
ADRIANNA PAPELL UK LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 10 -
4
Intangible fixed assets
Group
Other
£
Cost
At 1 January 2023 and 31 December 2023
68,600
Amortisation and impairment
At 1 January 2023 and 31 December 2023
68,600
Carrying amount
At 31 December 2023
-
0
At 31 December 2022
-
0
Company
Other
£
Cost
At 1 January 2023 and 31 December 2023
68,600
Amortisation and impairment
At 1 January 2023 and 31 December 2023
68,600
Carrying amount
At 31 December 2023
-
0
At 31 December 2022
-
0
5
Tangible fixed assets
Group
Plant and machinery etc
Land and buildings
Total
£
£
£
Cost
At 1 January 2023 and 31 December 2023
19,548
46,508
66,056
Depreciation and impairment
At 1 January 2023
18,601
35,507
54,108
Depreciation charged in the year
947
9,301
10,248
At 31 December 2023
19,548
44,808
64,356
Carrying amount
At 31 December 2023
-
0
1,700
1,700
At 31 December 2022
947
11,001
11,948
ADRIANNA PAPELL UK LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
5
Tangible fixed assets
(Continued)
- 11 -
Company
Plant and machinery etc
Land and buildings
Total
£
£
£
Cost
At 1 January 2023 and 31 December 2023
19,548
46,508
66,056
Depreciation and impairment
At 1 January 2023
18,601
35,507
54,108
Depreciation charged in the year
947
9,301
10,248
At 31 December 2023
19,548
44,808
64,356
Carrying amount
At 31 December 2023
-
0
1,700
1,700
At 31 December 2022
947
11,001
11,948
6
Fixed asset investments
Group
Company
2023
2022
2023
2022
£
£
£
£
Shares in group undertakings and participating interests
-
-
2,580
2,580
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 January 2023 and 31 December 2023
2,580
Carrying amount
At 31 December 2023
2,580
At 31 December 2022
2,580
7
Subsidiaries

Details of the company's subsidiaries at 31 December 2023 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Adrianna Papell SL
Calle Orense, 4, Second floor, 28020 Madrid, Spain
Ordinary
100.00
ADRIANNA PAPELL UK LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 12 -
8
Debtors
Group
Company
2023
2022
2023
2022
Amounts falling due within one year:
£
£
£
£
Trade debtors
372,142
508,827
269,498
193,839
Amounts owed by group undertakings
-
-
370,766
962,459
Other debtors
26,640
32,450
26,640
32,450
398,782
541,277
666,904
1,188,748
9
Creditors: amounts falling due within one year
Group
Company
2023
2022
2023
2022
£
£
£
£
Trade creditors
522,737
353,756
522,737
353,756
Corporation tax payable
149,626
-
0
149,626
-
0
Other taxation and social security
108,397
141,374
80,018
83,598
Other creditors
126,689
101,231
126,689
101,231
907,449
596,361
879,070
538,585
10
Creditors: amounts falling due after more than one year
Group
Company
2023
2022
2023
2022
£
£
£
£
Other creditors
1,653,690
3,055,038
1,653,690
3,055,038
11
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The auditor was Gravita Audit II Limited.
ADRIANNA PAPELL UK LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 13 -
12
Operating lease commitments

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

Group
Company
2023
2022
2023
2022
£
£
£
£
8,450
59,149
8,450
59,149
13
Related party transactions

The company and the group has taken advantage of the exemption available in FRS 102 "Related Party disclosures" Section 33.1A whereby it has not disclosed transactions or balances entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

14
Controlling party

The directors regard Adrianna Papell, LLC, which has its registered office at 500 Seventh Avenue, 10th Floor, New York, NY 10018, USA, to be the immediate parent company and Adrianna Papell Holdings, LLC, which has its registered office at 251 Little Falls Drive, Wilmington, New Castle, DE 19808, USA, to be the ultimate parent company.

 

Adrianna Papell, LLC heads the smallest and largest group for which consolidated financial statements are prepared which include this entity. A copy of their consolidated financial statements can be requested from their registered office.

 

 

2023-12-312023-01-01falseCCH SoftwareCCH Accounts Production 2024.100No description of principal activityA  BerkmanJ  Berkman LipmanS E Reidfalse2024-08-0107867765bus:Consolidated2023-01-012023-12-31078677652023-01-012023-12-3107867765bus:Consolidated2023-12-31078677652023-12-3107867765bus:Consolidated2022-12-31078677652022-12-3107867765core:OtherPropertyPlantEquipmentbus:Consolidated2023-12-3107867765core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipmentbus:Consolidated2023-12-3107867765core:OtherPropertyPlantEquipmentbus:Consolidated2022-12-3107867765core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipmentbus:Consolidated2022-12-3107867765core:OtherPropertyPlantEquipment2023-12-3107867765core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-12-3107867765core:OtherPropertyPlantEquipment2022-12-3107867765core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-12-3107867765core:ShareCapitalbus:Consolidated2023-12-3107867765core:ShareCapitalbus:Consolidated2022-12-3107867765core:ShareCapital2023-12-3107867765core:ShareCapital2022-12-3107867765core:RetainedEarningsAccumulatedLosses2023-12-3107867765core:ShareCapitalbus:Consolidated2021-12-31078677652021-12-3107867765core:RetainedEarningsAccumulatedLossesbus:Consolidated2022-12-3107867765core:RetainedEarningsAccumulatedLossesbus:Consolidated2023-12-3107867765core:ShareCapital2021-12-3107867765core:RetainedEarningsAccumulatedLosses2021-12-3107867765core:RetainedEarningsAccumulatedLosses2022-12-3107867765bus:Director12023-01-012023-12-31078677652022-01-012022-12-3107867765core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3107867765core:ComputerSoftware2023-01-012023-12-3107867765core:PlantMachinery2023-01-012023-12-3107867765core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-01-012023-12-3107867765core:IntangibleAssetsOtherThanGoodwillbus:Consolidated2022-12-3107867765core:IntangibleAssetsOtherThanGoodwill2022-12-3107867765core:IntangibleAssetsOtherThanGoodwillbus:Consolidated2023-12-3107867765core:IntangibleAssetsOtherThanGoodwillbus:Consolidated2022-12-3107867765core:IntangibleAssetsOtherThanGoodwill2023-12-3107867765core:IntangibleAssetsOtherThanGoodwill2022-12-3107867765core:OtherPropertyPlantEquipmentbus:Consolidated2022-12-3107867765core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipmentbus:Consolidated2022-12-3107867765bus:Consolidated2022-12-3107867765core:OtherPropertyPlantEquipment2022-12-3107867765core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-12-31078677652022-12-3107867765core:OtherPropertyPlantEquipmentbus:Consolidated2023-01-012023-12-3107867765core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipmentbus:Consolidated2023-01-012023-12-3107867765core:OtherPropertyPlantEquipment2023-01-012023-12-3107867765core:CurrentFinancialInstrumentscore:WithinOneYearbus:Consolidated2023-12-3107867765core:CurrentFinancialInstrumentscore:WithinOneYearbus:Consolidated2022-12-3107867765core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3107867765core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3107867765core:CurrentFinancialInstrumentsbus:Consolidated2023-12-3107867765core:CurrentFinancialInstrumentsbus:Consolidated2022-12-3107867765core:CurrentFinancialInstruments2023-12-3107867765core:CurrentFinancialInstruments2022-12-3107867765core:Non-currentFinancialInstrumentsbus:Consolidated2023-12-3107867765core:Non-currentFinancialInstrumentsbus:Consolidated2022-12-3107867765core:Non-currentFinancialInstruments2023-12-3107867765core:Non-currentFinancialInstruments2022-12-3107867765bus:PrivateLimitedCompanyLtd2023-01-012023-12-3107867765bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107867765bus:FRS1022023-01-012023-12-3107867765bus:Audited2023-01-012023-12-3107867765bus:ConsolidatedGroupCompanyAccounts2023-01-012023-12-3107867765bus:Director22023-01-012023-12-3107867765bus:Director32023-01-012023-12-3107867765bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP