Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
The company holds 100% of the share capital of Meep Limited, purchased at £1.00 each.
On 14th July 2023, the company purchased 1,734,270 units of ROSE tokens amounting to $89,093. The tokens were transferred to Meep Limited as capital contribution.