Company registration number 12828329 (England and Wales)
BEAUMONT PENSIONS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
BEAUMONT PENSIONS LIMITED
COMPANY INFORMATION
Directors
Mr O Castera
Mr NH De Coninck-Smith
JC Wilks
Secretary
JC Wilks
Company number
12828329
Registered office
The Third Floor
Langdon House, Langdon Road
SA1 Swansea Waterfront
Swansea
SA1 8QY
Auditor
WBV Limited
The Third Floor
Langdon House, Langdon Road
SA1 Swansea Waterfront
Swansea
Wales
SA1 8QY
BEAUMONT PENSIONS LIMITED
CONTENTS
Page
Directors' report
1
Directors' responsibilities statement
2
Independent auditor's report
3 - 5
Profit and loss account
6
Statement of comprehensive income
7
Balance sheet
8
Statement of changes in equity
9
Notes to the financial statements
10 - 16
BEAUMONT PENSIONS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2024
- 1 -

The directors present their annual report and financial statements for the year ended 30 June 2024.

Principal activities

The principal activity of the company continued to be that of the responsibility as sponsor under a Flexible Apportionment Arrangement for the defined benefit pension scheme previously operated by Encase Limited.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr O Castera
Mr NH De Coninck-Smith
JC Wilks
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr O Castera
Director
18 August 2024
BEAUMONT PENSIONS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -

The directors are responsible for preparing the annual report 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). 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:

 

 

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.

BEAUMONT PENSIONS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF BEAUMONT PENSIONS LIMITED
- 3 -
Opinion

We have audited the financial statements of Beaumont Pensions Limited (the 'company') for the year ended 30 June 2024 which comprise the profit and loss account, the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including 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:

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 Auditor's 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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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. 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 course of 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 our audit:

BEAUMONT PENSIONS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF BEAUMONT PENSIONS LIMITED (CONTINUED)
- 4 -
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 directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

 

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, 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 is 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.

Auditor's 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 an auditor's report 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.

 

Irregularities including fraud, are instances of non compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

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

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

 

- Enquiring of management, including obtaining and reviewing of supporting documentation concerning the company's policies and procedures relating to:

- Identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

- Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

- The systems and controls established to mitigate risks related to fraud or non-compliance with laws and regulations;

- Discussions within the engagement team regarding how and where fraud might occur in the Financial Statements and any potential indicators of fraud. As part of this process we did not identify any significant areas where there was potential for fraud.

- Obtaining an understanding of the legal and regulatory frameworks that the company operates in, with a focus on those laws and regulations that had a direct effect on the Financial Statements to that had a fundamental effect on the operations of the company. The key laws and regulations we considered in this context included the Companies Act 2006, the Financial Reporting Standard FRS 102 and relevant tax legislation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

BEAUMONT PENSIONS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF BEAUMONT PENSIONS LIMITED (CONTINUED)
- 5 -

Audit response to risks identified

Our procedures to risks identified included the following:

 

-Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations discussed above;

-Enquiring of management for details of actual and potential litigation and claims;

-Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-In addressing the risk of management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates indicate any potential bias; and evaluating the rationale of any significant transactions that are unusual or outside the normal course of business.

 

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or representation.


A further description of our responsibilities is available on the Financial Reporting Council's website at: https://www.frc.org.uk/auditors/audit-assurance/auditor-s-responsibilities-for-the-audit-of-the-fi/description-of-the-auditor%E2%80%99s-responsibilities-for. This description forms part of our auditor's report.

 

 

Use of our report

This report is made solely to the company's member 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 member those matters we are required to state to the member in an auditor's report 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 member, for our audit work, for this report, or for the opinions we have formed.

David Rowe BA ACA
Senior Statutory Auditor
For and on behalf of WBV Limited
18 August 2024
Chartered Accountants
Statutory Auditor
The Third Floor
Langdon House, Langdon Road
SA1 Swansea Waterfront
Swansea
Wales
SA1 8QY
BEAUMONT PENSIONS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
2024
2023
£
£
Turnover
-
-
Administrative expenses
(116,343)
(93,490)
Operating loss
(116,343)
(93,490)
Interest receivable and similar income
41,854
25,322
Loss before taxation
(74,489)
(68,168)
Tax on loss
-
0
-
0
Loss for the financial year
(74,489)
(68,168)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

BEAUMONT PENSIONS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
2024
2023
£
£
Loss for the year
(74,489)
(68,168)
Other comprehensive income
Actuarial (loss)/gain on defined benefit pension schemes
(5,000)
307,000
Total comprehensive income for the year
(79,489)
238,832
BEAUMONT PENSIONS LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 8 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
-
0
222,907
Cash at bank and in hand
8,186
1,004,333
8,186
1,227,240
Creditors: amounts falling due within one year
5
(83,342)
-
0
Net current (liabilities)/assets
(75,156)
1,227,240
Net assets excluding pension liability
(75,156)
1,227,240
Defined benefit pension liability
6
-
0
-
0
Net (liabilities)/assets
(75,156)
1,227,240
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
(75,157)
1,227,239
Total equity
(75,156)
1,227,240

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 18 August 2024 and are signed on its behalf by:
Mr O Castera
Director
Company registration number 12828329 (England and Wales)
BEAUMONT PENSIONS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024
- 9 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 July 2022
1
988,407
988,408
Year ended 30 June 2023:
Loss
-
(68,168)
(68,168)
Other comprehensive income:
Actuarial gains on defined benefit plans
-
307,000
307,000
Total comprehensive income
-
238,832
238,832
Balance at 30 June 2023
1
1,227,239
1,227,240
Year ended 30 June 2024:
Loss
-
(74,489)
(74,489)
Other comprehensive income:
Actuarial gains on defined benefit plans
-
(5,000)
(5,000)
Total comprehensive income
-
(79,489)
(79,489)
Dividends
-
(1,222,907)
(1,222,907)
Balance at 30 June 2024
1
(75,157)
(75,156)
BEAUMONT PENSIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 10 -
1
Accounting policies
Company information

Beaumont Pensions Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Third Floor, Langdon House, Langdon Road, SA1 Swansea Waterfront, Swansea, SA1 8QY.

 

 

The company was incorporated on 21 August 2020 and on 11 September 2020 assumed responsibility as sponsor under a Flexible Apportionment Arrangement for the defined benefit pension scheme previously operated by Encase Limited.

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.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

 

The financial statements of the company are consolidated in the financial statements of Woodlock Holdings Limited as at 30 June 2023. These consolidated financial statements are available from Companies House.

1.2
Going concern

The directors have considered the likely cashflows expected to occur over the 12 months from the date of approval of the financial statements, and the assets available to the Company and have concluded that the Company has adequate resources to meet its obligations as they fall due. On that basis, the directors have elected to prepare the financial statements on a going concern basis.true

BEAUMONT PENSIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 11 -
1.3
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.

1.4
Financial instruments

The company 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 company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with 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.

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 company 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.

1.5
Equity instruments

Equity instruments issued by the company 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 company.

1.6
Retirement benefits
BEAUMONT PENSIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 12 -

The Company operates a defined benefit plan for certain employees. A defined benefit plan defines the pension benefit that the employee will receive on retirement, usually dependent upon several factors including but not limited to age, length of service and remuneration. A defined benefit plan is a pension plan that is not a defined contribution plan.

 

The liability recognised in the Statement of financial position in respect of the defined benefit plan is the present value of the defined benefit obligation at the end of the reporting date less the fair value of plan assets at the reporting date (if any) out of which the obligations are to be settled.

 

The defined benefit obligation is calculated using the projected unit credit method. Annually the Company engages independent actuaries to calculate the obligation. The present value is determined by discounting the estimated future payments using market yields on high quality corporate bonds that are denominated in sterling and have terms approximating to the estimated period of the future payments ('discount rate').

 

The fair value of plan assets is measured in accordance with the FRS 102 fair value hierarchy and in accordance with the Company's policy for similarly held assets. This includes the use of appropriate valuation techniques.

 

Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to other comprehensive income. These amounts together with the return on plan assets, less amounts included in net interest, are disclosed as 'Remeasurement of net defined benefit liability'.

 

The cost of the defined benefit plan, recognised in profit or loss as employee costs, except where included in the cost of an asset, comprises:

 

a) the increase in net pension benefit liability arising form employee service during the period; and

 

b) the cost of plan introductions, benefit changes, curtailments and settlements.

 

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is recognised in profit or loss as a 'finance expense'.

 

 

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2024
2023
Number
Number
Total
3
3
BEAUMONT PENSIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 13 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
-
0
222,907
5
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
67,360
-
0
Other creditors
15,982
-
0
83,342
-
0
6
Retirement benefit schemes
Defined benefit schemes

The Group is sponsor of a defined benefit pension scheme providing pension benefits to certain previous employees of the group. This scheme is closed to new members and future accruals.

Valuation

The scheme is subject to triennial actuarial valuation; the last valuation being carried out and reported as at 30 June 2023, these results have been updated to 30 June 2024 under the provisions of Financial Reporting Standard 102 by a qualified independent actuary using approximate actuarial techniques and available information.

Funding policy

The Group contributions made in respect of the accounting period amounted to £Nil (2023: £Nil). The funding of future accrual of benefits for category B members ceased after 5 April 2006 and for Category A members ceased in October 2006.

 

The current arrangements as regards to contribution levels are described in the schedule of contributions dated 19 March 2023. No deficit contributions are payable as the scheme is in surplus at the valuation date.

2024
2023
Key assumptions
%
%
Discount rate
5.10
5.35
Expected rate of increase of pensions in payment
2.6
2.5
Expected rate of salary increases
3.2
3.2
Commutation of pension tax-free cash lump sum at retirement
60
60
BEAUMONT PENSIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
6
Retirement benefit schemes
(Continued)
- 14 -
Mortality assumptions
2024
2023

Assumed life expectations on retirement at age 65:

Years
Years
Retiring today
- Males
25.4
25.6
- Females
28.3
28.5
Retiring in 20 years
- Males
26.9
27.1
- Females
29.8
30
Amounts recognised in the profit and loss account
2024
2023
Costs/(income):
£
£
Net interest on net defined benefit liability/(asset)
(38,000)
(21,000)
Scheme expenses
33,000
4,000
Total costs/(income)
(5,000)
(17,000)
Until 31 March 2024 the company met all costs such as trustee fees and actuary advice, for the scheme.
From 1 April 2024 such costs were met by the scheme and this will result in a reduction in administrative
expenses in the 2025 financial statements.
Amounts recognised in other comprehensive income
2024
2023
Costs/(income):
£
£
Actual return on scheme assets
(661,000)
615,000
Less: calculated interest element
652,000
535,000
Return on scheme assets excluding interest income
(9,000)
1,150,000
Actuarial changes related to obligations
(1,215,000)
(1,623,000)
Asset value not recognised
1,229,000
166,000
Total costs/(income)
5,000
(307,000)
BEAUMONT PENSIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
6
Retirement benefit schemes
(Continued)
- 15 -

The amounts included in the balance sheet arising from the company's obligations in respect of defined benefit plans are as follows:

2024
2023
Liabilities/(assets):
£
£
Present value of defined benefit obligations
10,314,000
12,013,000
Fair value of plan assets
(10,314,000)
(12,013,000)
Deficit in scheme
-
-
Scheme assets
12,275,000
12,745,000
Scheme liabilities
10,314,000
12,013,000
Scheme asset
1,961,000
732,000
The company has not recognised the pension scheme surplus in the financial statements.
The position recognised is one of no asset/no liability. This is the position for both 2023 and 2024.
2024
Movements in the present value of defined benefit obligations
£
Liabilities at 1 July 2023
12,013,000
Benefits paid
(1,098,000)
Actuarial gains and losses
(1,215,000)
Interest cost
614,000
At 30 June 2024
10,314,000

The defined benefit obligations arise from plans which are wholly unfunded.

2024
Movements in the fair value of plan assets
£
Fair value of assets at 1 July 2023
12,013,000
Interest income
652,000
Return on plan assets (excluding amounts included in net interest)
9,000
Benefits paid
(1,098,000)
Expenses
(33,000)
Asset value not recognised
(1,229,000)
At 30 June 2024
10,314,000
BEAUMONT PENSIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
6
Retirement benefit schemes
(Continued)
- 16 -
2024
2023
Fair value of plan assets
£
£
With-profit funds
4,847,580
5,766,240
Insured pensioners
5,466,420
6,246,760
10,314,000
12,013,000
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1
8
Parent company

The directors regard Canadian Overseas Packaging Industries Limited, incorporated in Canada, as the Company's ultimate controlling party. The registered office is, Suite 1500, One Brunswick Square, Germain Street, Saint John, NB E2L 4H8, Canada.

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