IRIS Accounts Productionv24.2.0.38307112002director30.12.2331.12.2230.12.2330.12.23The group's principal activity in the year remains that of an internet retailer of office products. Our proposition is to provide an excellent online shopping experience, superb customer service and a value proposition that large corporates expect.truetruefalsetruefalsefalsefalsefalsefalsefalsefalsefalsefalsetruefalse 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REGISTERED NUMBER: 07112002 (England and Wales)
























UNAUDITED




CONSOLIDATED FINANCIAL STATEMENTS




FOR THE YEAR ENDED 30 DECEMBER 2023




FOR



MOORSIDE OFFICE LIMITED



MOORSIDE OFFICE LIMITED (REGISTERED NUMBER: 07112002)








CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2023





Page




Company Information  

1




Consolidated Balance Sheet    

2


                                          


Company Balance Sheet

3







Notes to the Consolidated Financial Statements   

4




Chartered Accountants Report

13





MOORSIDE OFFICE LIMITED



COMPANY INFORMATION

FOR THE YEAR ENDED 30 DECEMBER 2023









DIRECTOR:

Mr C P Burlton





REGISTERED OFFICE:

1st Floor


Chilworth Point


1 Chilworth Road


Southampton


Hampshire


SO16 7JQ





REGISTERED NUMBER:

07112002 (England and Wales)





ACCOUNTANTS:

Rothmans LLP


Chartered Accountants


Chilworth Point


1 Chilworth Road


Southampton


SO16 7JQ





BANKERS:

Coutts & Co


440 Strand


London


WC2R 0QS



MOORSIDE OFFICE LIMITED (REGISTERED NUMBER: 07112002)



CONSOLIDATED BALANCE SHEET

30 DECEMBER 2023



2023

2022



Notes

£   

£   

£   

£   


FIXED ASSETS

Intangible assets

4

302


604



Tangible assets

5

225,464


221,564



Investments

6

500


500



226,266


222,668




CURRENT ASSETS

Debtors

7

927,122


850,967



Cash at bank

578,301


493,875



1,505,423


1,344,842



CREDITORS

Amounts falling due within one year

8

1,056,559


832,948



NET CURRENT ASSETS

448,864


511,894



TOTAL ASSETS LESS CURRENT

LIABILITIES

675,130


734,562




CREDITORS

Amounts falling due after more than one

year

9

98,679


170,349



NET ASSETS

576,451


564,213




CAPITAL AND RESERVES

Called up share capital

17,775


17,775



Capital redemption reserve

11

5,725


5,725



Retained earnings

11

503,000


492,596



SHAREHOLDERS' FUNDS

526,500


516,096




NON-CONTROLLING INTERESTS

49,951


48,117



TOTAL EQUITY

576,451


564,213




The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.


The members have not required the company and the group to obtain an audit of its financial statements for the year ended 30 December 2023 in accordance with Section 476 of the Companies Act 2006.


The director acknowledges his responsibilities for:

(a)

ensuring that the group keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company and the group as at the end of each financial year and of the group's profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company and the group.


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


In accordance with Section 444 of the Companies Act 2006, the Consolidated Statement of Income and Retained Earnings has not been delivered.


The financial statements were approved by the director and authorised for issue on 1 October 2024 and were signed by:




Mr C P Burlton - Director




MOORSIDE OFFICE LIMITED (REGISTERED NUMBER: 07112002)



COMPANY BALANCE SHEET

30 DECEMBER 2023



2023

2022



Notes

£   

£   

£   

£   


FIXED ASSETS

Intangible assets

4

-


-



Tangible assets

5

212,481


206,290



Investments

6

8,000


8,000



220,481


214,290




CURRENT ASSETS

Debtors

7

620,337


648,930



Cash at bank

243,203


68,695



863,540


717,625



CREDITORS

Amounts falling due within one year

8

681,889


460,050



NET CURRENT ASSETS

181,651


257,575



TOTAL ASSETS LESS CURRENT

LIABILITIES

402,132


471,865




CREDITORS

Amounts falling due after more than one

year

9

98,679


170,349



NET ASSETS

303,453


301,516




CAPITAL AND RESERVES

Called up share capital

16,150


16,150



Capital redemption reserve

11

4,850


4,850



Retained earnings

11

282,453


280,516



SHAREHOLDERS' FUNDS

303,453


301,516





The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.  


The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 in accordance with Section 476 of the Companies Act 2006.  


The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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


In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.


The financial statements were approved by the director and authorised for issue on 1 October 2024 and were signed by:





Mr C P Burlton - Director




MOORSIDE OFFICE LIMITED (REGISTERED NUMBER: 07112002)



NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2023


1.

STATUTORY INFORMATION



Moorside Office Limited 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 General Information page.


The presentation currency of the financial statements is the Pound Sterling (£).


2.

ACCOUNTING POLICIES



BASIS OF PREPARING THE FINANCIAL STATEMENTS


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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.    



The company has claimed exemption from the cash flow statements on the basis of it being a small company.



BASIS OF CONSOLIDATION


The consolidated financial statements include the accounts of the individual parent entity, Moorside Office Limited, as well as the trading subsidiary Caboodle Office Supplies Limited, of which Moorside Office Limited owns 82%.



A number of other subsidiaries detailed in the notes to the accounts have not been included in the consolidation as their combined value is not material.



All significant intercompany account balances and transactions have been eliminated.



Business combinations are accounted for using the purchase method of accounting under FRS 102, Section 19 Business Combinations. In the balance sheet, the acquiree’s identifiable assets, liabilities and contingent liabilities are initially recognised at fair value at the date of acquisition (which is the date on which control is passed to the parent). The results of the acquired operations are included in the consolidated profit and loss account from the date of acquisition. Consolidation ceases from the date on which control ceases.



The company qualifies for Section 399(2A). exemption from consolidation, however the company has chosen not to claim the exception and produce consolidated accounts.



TURNOVER


Revenue is the amount derived from the online commercial supply of stationery products, stated after trade discounts and net of VAT.



Revenue is recognised when the amount of revenue can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the entity.



GOODWILL

Goodwill represents the difference between the fair value of the consideration paid on acquisition of a business and the fair value of its separable net assets at the date of acquisition. Goodwill in Caboodle is being amortised evenly over its estimated useful life on an individual basis as determined by the director.

Monkey Office Ltd was acquired in the year ending 31 December 2010
Cartridges 2 U was acquired in the year ending 31 December 2011
Paperpunch Limited was acquired in the year ending 31 December 2011
Caboodle was acquired in the year ending 31 December 2012


INTANGIBLE ASSETS

Patents and licenses are initially recognised at cost. After initial recognition, patents and licenses are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licenses are being amortised over their useful economic life of 5 years.



MOORSIDE OFFICE LIMITED (REGISTERED NUMBER: 07112002)



NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 DECEMBER 2023


2.

ACCOUNTING POLICIES - continued



TANGIBLE FIXED ASSETS


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.  


Plant and machinery

-

33% on cost


Computer equipment

-

33% on cost


Motor vehicles

-

15% on reducing balance


Website and software

-

15% on reducing balance


Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost included expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed and if appropriate are adjusted if there is an indication of a significant change since the last reporting date.


INVESTMENTS IN SUBSIDIARIES


Investments in subsidiaries are held at historical cost less any applicable provision for impairment. The company assesses at each reporting date whether there is an indication that an investment may be impaired. If any such indications exist the company makes an estimate of the asset's recoverable amount in order to determine the extent of the impairment loss.



FINANCIAL INSTRUMENTS

Financial assets such as cash and debtors are measured at the present value of the amounts receivable, less an allowance for the expected level of doubtful receivables. Financial liabilities such as trade creditors, loans and finance leases are measured at the present value of the obligation.

TRADE AND OTHER RECEIVABLES
Trade and other debtors are recognised and carried at the lower of their original value and recoverable amount. Financial assets classified as receivable within one year are not amortised.

TRADE PAYABLES
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 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 no amortised.


TAXATION

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

Current 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.


HIRE PURCHASE AND LEASING COMMITMENTS


Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those


held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.



The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.



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


3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 10 (2022 - 9 ) .



MOORSIDE OFFICE LIMITED (REGISTERED NUMBER: 07112002)



NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 DECEMBER 2023




4.

INTANGIBLE FIXED ASSETS



Group


Patents



and



Goodwill


licences


Totals

£   

£   

£   



COST


At 31 December 2022


and 30 December 2023

340,653


1,511


342,164




AMORTISATION


At 31 December 2022

340,653


907


341,560




Amortisation for year

-


302


302




At 30 December 2023

340,653


1,209


341,862




NET BOOK VALUE


At 30 December 2023

-


302


302




At 30 December 2022

-


604


604





Company


Goodwill

£   



COST


At 31 December 2022


and 30 December 2023

259,484




AMORTISATION


At 31 December 2022


and 30 December 2023

259,484




NET BOOK VALUE


At 30 December 2023

-




At 30 December 2022

-





MOORSIDE OFFICE LIMITED (REGISTERED NUMBER: 07112002)



NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 DECEMBER 2023


5.

TANGIBLE FIXED ASSETS



Group


Website



Plant and


Computer


Motor


and



machinery


equipment


vehicles


software


Totals

£   

£   

£   

£   

£   



COST


At 31 December 2022

38,347


8,484


189,986


346,395


583,212




Additions

-


1,128


96,650


9,120


106,898




Disposals

-


-


(74,695

)

-


(74,695

)



At 30 December 2023

38,347


9,612


211,941


355,515


615,415




DEPRECIATION


At 31 December 2022

36,974


6,373


109,707


208,594


361,648




Charge for year

1,175


1,048


37,073


21,163


60,459




Eliminated on disposal

-


-


(32,156

)

-


(32,156

)



At 30 December 2023

38,149


7,421


114,624


229,757


389,951




NET BOOK VALUE


At 30 December 2023

198


2,191


97,317


125,758


225,464




At 30 December 2022

1,373


2,111


80,279


137,801


221,564





Fixed assets, included in the above, which are held under hire purchase contracts are as follows:


Motor


vehicles

£   



COST


At 31 December 2022

189,986




Additions

96,650




Disposals

(74,695

)



At 30 December 2023

211,941




DEPRECIATION


At 31 December 2022

109,707




Charge for year

37,073




Eliminated on disposal

(32,156

)



At 30 December 2023

114,624




NET BOOK VALUE


At 30 December 2023

97,317




At 30 December 2022

80,279





MOORSIDE OFFICE LIMITED (REGISTERED NUMBER: 07112002)



NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 DECEMBER 2023


5.

TANGIBLE FIXED ASSETS - continued



Company


Website



Plant and


Computer


Motor


and



machinery


equipment


vehicles


software


Totals

£   

£   

£   

£   

£   



COST


At 31 December 2022

38,347


8,484


189,986


281,251


518,068




Additions

-


1,128


96,650


9,120


106,898




Disposals

-


-


(74,695

)

-


(74,695

)



At 30 December 2023

38,347


9,612


211,941


290,371


550,271




DEPRECIATION


At 31 December 2022

36,974


6,373


109,707


158,724


311,778




Charge for year

1,175


1,048


37,073


18,872


58,168




Eliminated on disposal

-


-


(32,156

)

-


(32,156

)



At 30 December 2023

38,149


7,421


114,624


177,596


337,790




NET BOOK VALUE


At 30 December 2023

198


2,191


97,317


112,775


212,481




At 30 December 2022

1,373


2,111


80,279


122,527


206,290





Fixed assets, included in the above, which are held under hire purchase contracts are as follows:


Motor


vehicles

£   



COST


At 31 December 2022

189,986




Additions

96,650




Disposals

(74,695

)



At 30 December 2023

211,941




DEPRECIATION


At 31 December 2022

109,707




Charge for year

37,073




Eliminated on disposal

(32,156

)



At 30 December 2023

114,624




NET BOOK VALUE


At 30 December 2023

97,317




At 30 December 2022

80,279




6.

FIXED ASSET INVESTMENTS



Group


Shares in


group


undertakings

£   



COST


At 31 December 2022


and 30 December 2023

500




NET BOOK VALUE


At 30 December 2023

500




At 30 December 2022

500





MOORSIDE OFFICE LIMITED (REGISTERED NUMBER: 07112002)



NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 DECEMBER 2023


6.

FIXED ASSET INVESTMENTS - continued



Company


Shares in


group


undertakings

£   



COST


At 31 December 2022


and 30 December 2023

8,000




NET BOOK VALUE


At 30 December 2023

8,000




At 30 December 2022

8,000





The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:



SUBSIDIARIES



Firefly Office Supplies Limited


Registered office: 1st Floor Chilworth Point, 1 Chilworth Road, Southampton, Hampshire, United Kingdom, SO16 7JQ  


Nature of business: Dormant


%


Class of shares:

holding



Ordinary

100.00


2023

2022


£   

£   



Aggregate capital and reserves

100


100





Monkey Office Ltd


Registered office: 1st Floor Chilworth Point, 1 Chilworth Road, Southampton, Hampshire, United Kingdom, SO16 7JQ  


Nature of business: Dormant


%


Class of shares:

holding



Ordinary

100.00


2023

2022


£   

£   



Aggregate capital and reserves

100


100





Paperpunch Limited


Registered office: 1st Floor Chilworth Point, 1 Chilworth Road, Southampton, Hampshire, United Kingdom, SO16 7JQ  


Nature of business: Dormant


%


Class of shares:

holding



Ordinary

100.00


2023

2022


£   

£   



Aggregate capital and reserves

100


100





MOORSIDE OFFICE LIMITED (REGISTERED NUMBER: 07112002)



NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 DECEMBER 2023


6.

FIXED ASSET INVESTMENTS - continued



Love Office Supplies Ltd


Registered office: 1st Floor Chilworth Point, 1 Chilworth Road, Southampton, Hampshire, United Kingdom, SO16 7JQ  


Nature of business: Dormant


%


Class of shares:

holding



Ordinary

100.00


2023

2022


£   

£   



Aggregate capital and reserves

100


100





Love Office Furniture Ltd


Registered office: 1st Floor Chilworth Point, 1 Chilworth Road, Southampton, Hampshire, United Kingdom, SO16 7JQ  


Nature of business: Dormant


%


Class of shares:

holding



Ordinary

100.00


2023

2022


£   

£   



Aggregate capital and reserves

100


100





Caboodle Office Supplies Limited


Registered office: 1st Floor Chilworth Point, 1 Chilworth Road, Southampton, Hampshire, United Kingdom, SO16 7JQ  


Nature of business: Internet retailer of office products


%


Class of shares:

holding



Ordinary

82.19


2023

2022


£   

£   



Aggregate capital and reserves

280,498


270,197




Profit for the year/period

10,301


126,884






With the exception of the consolidated trading subsidiary, Caboodle Office Supplies Limited, the subsidiaries shown above have not been included in the consolidation as their combined value is not material.


7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR




Group


Company


2023

2022

2023

2022


£   

£   

£   

£   



Trade debtors

442,763


417,789


359,405


354,139




Amounts owed by group undertakings

-


-


19,093


27,731




Other debtors

82,173


133,787


12,400


59,300




Loans to associates

79,668


79,701


-


-




Directors' current accounts

47,019


-


3,188


17,575




Tax

5,932


5,932


5,932


5,932




Prepayments and sundry debtors

269,567


213,758


220,319


184,253



927,122


850,967


620,337


648,930





MOORSIDE OFFICE LIMITED (REGISTERED NUMBER: 07112002)



NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 DECEMBER 2023


8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR




Group


Company


2023

2022

2023

2022


£   

£   

£   

£   



Bank loans and overdrafts

52,789


50,072


52,789


50,072




Hire purchase contracts  (see note 11)

21,534


12,270


21,534


12,270




Trade creditors

687,704


474,190


407,838


230,932




Amounts owed to group undertakings

30,001


30,000


30,000


30,000




Tax

29,015


85,837


17,137


52,232




Social security and other taxes

16,713


8,681


16,713


8,681




VAT

46,481


44,811


24,739


20,060




Other creditors

20,450


14,019


15,950


16,019




Directors' current accounts

-


38,044


-


-




Accrued expenses

151,872


75,024


95,189


39,784



1,056,559


832,948


681,889


460,050




9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR




Group


Company


2023

2022

2023

2022


£   

£   

£   

£   



Bank loans - 1-2 years

56,269


52,614


56,269


52,614




Bank loans - 2-5 years

42,410


98,307


42,410


98,307




Hire purchase contracts  (see note 11)

-


19,428


-


19,428



98,679


170,349


98,679


170,349




10.

LEASING AGREEMENTS



Minimum lease payments fall due as follows:



Group


Hire purchase contracts


2023

2022


£   

£   



Net obligations repayable:


Within one year

21,534


12,270




Between one and five years

-


19,428



21,534


31,698





Company


Hire purchase contracts


2023

2022


£   

£   



Net obligations repayable:


Within one year

21,534


12,270




Between one and five years

-


19,428



21,534


31,698





MOORSIDE OFFICE LIMITED (REGISTERED NUMBER: 07112002)



NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 DECEMBER 2023


10.

LEASING AGREEMENTS - continued



Group


Non-cancellable operating

leases


2023

2022


£   

£   



Within one year

21,550


13,860




Between one and five years

25,500


-




In more than five years

74,800


-



121,850


13,860





Company


Non-cancellable operating

leases


2023

2022


£   

£   



Within one year

21,550


13,860




Between one and five years

25,500


-




In more than five years

74,800


-



121,850


13,860




11.

RESERVES



Retained earnings show the net value of accumulated gains and losses.



The capital redemption reserve arose on a company purchase of own shares, and is non-distributable.


12.

DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES



The following advances and credits to a director subsisted during the year ended 30 December 2023 and the period ended 30 December 2022:


2023

2022


£   

£   



Mr C P Burlton


Balance outstanding at start of year

(38,044

)

73,532




Amounts advanced

170,152


19,095




Amounts repaid

(85,089

)

(130,671

)



Amounts written off

-


-




Amounts waived

-


-




Balance outstanding at end of year

47,019


(38,044

)




This balance is unsecured, repayable on demand and interest has been charged.


CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR

ON THE UNAUDITED FINANCIAL STATEMENTS OF

MOORSIDE OFFICE LIMITED



The following reproduces the text of the report preapred for the director in respect of the group's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Moorside Office Limited for the year ended 30 December 2023 which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Balance Sheet, Company Balance Sheet and the related notes from the company's and the group's accounting records and from information and explanations you have given us.


As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.


This report is made solely to the director of Moorside Office Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Moorside Office Limited and state those matters that we have agreed to state to the director of Moorside Office Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Moorside Office Limited the company and the group and the company's director for our work or for this report.


It is your duty to ensure that Moorside Office Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Moorside Office Limited. You consider that Moorside Office Limited is exempt from the statutory audit requirement for the year.


We have not been instructed to carry out an audit or a review of the financial statements of Moorside Office Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.








Rothmans LLP

Chartered Accountants

Chilworth Point

1 Chilworth Road

Southampton

SO16 7JQ



Date: .............................................