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Registered number: 08802527










THE SOUTH YORKSHIRE COMMUNITY REHABILITATION COMPANY LIMITED










ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
THE SOUTH YORKSHIRE COMMUNITY REHABILITATION COMPANY LIMITED
 
 
COMPANY INFORMATION


Directors
Stuart Carter 
Sodexo Corporate Services (No.1) Limited 




Company secretary
Sodexo Corporate Services (No.2) Limited



Registered number
08802527



Registered office
One Southampton Row

London

WC1B 5HA




Independent auditor
KPMG LLP
Chartered accountants

1 St Peter's Square

Manchester

M2 3AE





 
THE SOUTH YORKSHIRE COMMUNITY REHABILITATION COMPANY LIMITED
 

CONTENTS



Page
Directors' Report
1 - 2
Directors' Responsibilities Statement 
3
Independent Auditor's Report to the members of The South Yorkshire Community Rehabilitation Company Limited 
4 - 6
Statement of Comprehensive Income
7
Statement of Financial Position
8
Statement of Changes in Equity
9
Notes to the Financial Statements
10 - 15


 
THE SOUTH YORKSHIRE COMMUNITY REHABILITATION COMPANY LIMITED
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 AUGUST 2024

The directors present their report and the financial statements for the year ended 31 August 2024.

Principal activities

The Company was formed as part of a transformation of probation services across England & Wales where Government owned Probation Trusts were restructured. A new Government run National Probation Service was formed to manage high risk offenders, and Community Rehabilitation Companies were created to manage low and medium risk offenders. These companies were sold to contractors as part of the Transforming Rehabilitation tender process.

As part of this, on 31 January 2015, the ordinary share capital of the Company was acquired by Sodexo Limited. Following this acquisition, the Company operated as part of the Sodexo Group’s UK & Ireland business. Contract delivery was provided in partnership with crime reduction charity NACRO. The company derived the majority of its revenue from a single contract with the Ministry of Justice. This contract ceased on 25 June 2021 with the services returned to the Ministry of Justice for delivery. Certain assets were transferred out of the Company to the Ministry of Justice at fair value on 25 June 2021. Employees were transferred out of the Company to the Ministry of Justice on 26 June 2021. 

Business review

The Company did not trade in the current or in the last period of accounts beyond settlement of outstanding transactions arising from the former contract.
As shown in the Statement of Comprehensive Income on page 7, the Company’s result for the year ended 31 August 2024 were £Nil (2023: loss £79,000).

The balance sheet shows the Company has net assets of £24,000 at 31 August 2024 (2023: net assets of £3,424,000) due to issue of dividends. 

Principal risks and uncertainties

The Company's remaining principal risks and uncertainties were significantly reduced after the cessation of the 
contract of which the majority of its revenue was derived from on 25 June 2021, with the return of services and
transfer of its asset back to the Ministry of Justice on 26 June 2021. The ultimate parent company Sodexo S.A provide the guarantee for any debts/liabilities due to the entity. The guarantee fee is payable by the immediate parent company Sodexo Ltd. 

Results and dividends

The results for the year, after taxation, amounted to £NIL (2023 - loss £79,000).

Dividends totalling £3,400,000 were declared and paid during the year(2023: £Nil).

Directors

The directors who served during the year were:

Stuart Carter 
Sodexo Corporate Services (No.1) Limited 

Directors' insurance
The Company maintains insurance for the Directors and officers in respect of their duties as directors and officers.

Page 1

 
THE SOUTH YORKSHIRE COMMUNITY REHABILITATION COMPANY LIMITED
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024

Going Concern

The Company became a subsidiary of Sodexo Ltd in 2015 on award from the Ministry of Justice to deliver probation and rehabilitation services to the South Yorkshire community, and derived the majority of revenue from a single contract with the Ministry of Justice. This contract ceased on 25 June 2021 with the services returned to the Ministry of Justice for delivery and therefore ceased to trade from 26 June 2021, but the Company has responsibility for the subsequent wind down of the recently ended contract, including the settlement of the receivables and payables relating to the previous operation of the contract. This can take some time to complete. In accordance with the requirements of IAS 1: Presentation and Disclosures, these financial statements are prepared on a basis other than going concern to reflect the fact that trading has ceased. Nevertheless, assets continue to be carried at their recoverable amount which reflects the expected amounts to be recovered on settlement as appropriate. In addition, assets and liabilities are classified as current and non-current in accordance with the contractual terms of those balances and the anticipated timing of settlement.

Political contributions

The Company made no political donations or incurred any political expenditure during the year (2023: £Nil)

Disclosure of information to auditor

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Auditor

The auditor, KPMG LLPwill be proposed for reappointment in accordance with section 487 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





Stuart Carter
Director

Date: 28 February 2025

One Southampton Row
London
WC1B 5HA
Page 2

 
THE SOUTH YORKSHIRE COMMUNITY REHABILITATION COMPANY LIMITED
 
 
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024

The directors are responsible for preparing the Directors' 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 they have elected to prepare the financial statements in accordance with UK accounting standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 101 ‘Reduced Disclosure Framework’.
 
 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 judgments and accounting estimates that are reasonable and prudent;

asses the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern; and

state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; 

use the going concern basis of accounting unless they intend to liquidate the company or to cease operations, or have no realistic alternative but to do so (as explained in note 2.3, the directors do not believe that it is appropriate to prepare these financial statements on a going concern basis). 
      
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 responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, and have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Company and to prevent and detect fraud and other irregularities.  

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Page 3

 
THE SOUTH YORKSHIRE COMMUNITY REHABILITATION COMPANY LIMITED
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE SOUTH YORKSHIRE COMMUNITY REHABILITATION COMPANY LIMITED
 

Opinion
 
 
We have audited the financial statements of The South Yorkshire Community Rehabilitation Company Limited (“the Company”) for the year ended 31 August 2024 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and related notes, including the accounting policies in note 2. These financial statements have not been prepared on the going concern basis for the reason set out in note 2.3.  
   
In our opinion the financial statements:  
give a true and fair view of the state of the Company's affairs as at 31 August 2024 and of its results for the year then ended;   
have been properly prepared in accordance with UK accounting standards, including FRS 101 'Reduced  Disclosure Framework';  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 are described below.  We have fulfilled our ethical responsibilities under, and are independent of the Company in accordance with, UK ethical requirements including the FRC Ethical Standard.  We believe that the audit evidence we have obtained is a sufficient and appropriate basis for our opinion.   

Fraud and breaches of laws and regulations – ability to detect

Identifying and responding to risks of material misstatement due to fraud

To identify risks of material misstatement due to fraud (“fraud risks”) we assessed events or conditions that could indicate an incentive or pressure to commit fraud or provide an opportunity to commit fraud. Our risk assessment procedures included enquiring of directors and inspection of policy documentation as to the company’s high-level policies and procedures to prevent and detect fraud that apply to this group company as well as enquiring whether the directors have knowledge of any actual, suspected or alleged fraud.

As required by auditing standards, we perform procedures to address the risk of management override of controls, in particular the risk that management may be in a position to make inappropriate accounting entries. On this audit we do not believe there is a fraud risk related to revenue recognition because there are no revenue transactions. We did not identify any additional fraud risks. 

We performed procedures including agreeing all material accounting entries including post close journals in the period to supporting documentation.
 
Identifying and responding to risks of material misstatement related to compliance with laws and regulations

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience and through discussion with the directors (as required by auditing standards), and discussed with the directors the policies and procedures regarding compliance with laws and regulations.  

The company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation (including related companies legislation), distributable profits legislation and taxation legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Page 4

 
THE SOUTH YORKSHIRE COMMUNITY REHABILITATION COMPANY LIMITED
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE SOUTH YORKSHIRE COMMUNITY REHABILITATION COMPANY LIMITED (CONTINUED)

This company, as a non-trading company, is not subject to other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements. 

Context of the ability of the audit to detect fraud or breaches of law or regulation 

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it.  

In addition, as with any audit, there remained a higher risk of non-detection of fraud, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non-compliance or fraud and cannot be expected to detect non-compliance with all laws and regulations.

Directors’ report
  
The directors are responsible for the directors’ report.  Our opinion on the financial statements does not cover that report and we do not express an audit opinion thereon.  

Our responsibility is to read the directors’ report and, in doing so, consider whether, based on our financial statements audit work, the information therein is materially misstated or inconsistent with the financial statements or our audit knowledge.  Based solely on that work:

we have not identified material misstatements in the directors’ report;  
in our opinion the information given in that report for the financial year is consistent with the financial statements; and  
in our opinion that report has been prepared in accordance with the Companies Act 2006.

Matters on which we are required to report by exception
  
Under the Companies Act 2006 we are required 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 the 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.
the directors were not entitled to take advantage of the small companies exemption from the requirement to prepare a strategic report.  

We have nothing to report in these respects. 
 
Page 5

 
THE SOUTH YORKSHIRE COMMUNITY REHABILITATION COMPANY LIMITED
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE SOUTH YORKSHIRE COMMUNITY REHABILITATION COMPANY LIMITED (CONTINUED)

Directors’ responsibilities  
 
As explained more fully in their statement set out on page 3, the directors are responsible for: the preparation of the financial statements and for being satisfied that they give a true and fair view; such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error; 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 they either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so (as explained in note 2.3, the directors do not believe that it is appropriate to prepare these financial statements on a going concern basis).  
 
Auditor’s responsibilities
 
 
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 our opinion in an auditor’s report.  Reasonable assurance is a high level of assurance, but does not 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 aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements.  

A fuller description of our responsibilities is provided on the FRC’s website at www.frc.org.uk/auditorsresponsibilities. 

The purpose of our audit work and to whom we owe our responsibilities  

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 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 members, as a body, for our audit work, for this report, or for the opinions we have formed.  






Hannah Johnston   (Senior Statutory Auditor)
  
for and on behalf of
KPMG LLP
 
Chartered accountants
  
1 St Peter's Square
Manchester
M2 3AE

28 February 2025
Page 6

 
THE SOUTH YORKSHIRE COMMUNITY REHABILITATION COMPANY LIMITED
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 AUGUST 2024

2024
2023
Note
£000
£000

  

Administrative expenses
  
-
(79)

Operating profit/(loss)
 4 
-
(79)

Profit/(loss) for the financial year
  
-
(79)

The notes on pages 10 to 15 form part of these financial statements.
Page 7

 
THE SOUTH YORKSHIRE COMMUNITY REHABILITATION COMPANY LIMITED
REGISTERED NUMBER:08802527

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£000
£000

  

Current assets
  

Debtors: amounts falling due within one year
 8 
44
-

Cash at bank and in hand
  
-
3,464

  
44
3,464

Creditors: amounts falling due within one year
 9 
(20)
(40)

Net current assets
  
 
 
24
 
 
3,424

  

  

  

Net assets
  
24
3,424


Capital and reserves
  

Called up share capital 
 10 
-
-

Profit and loss account
  
24
3,424

  
24
3,424


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

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 February 2025.


Stuart Carter
Director

The notes on pages 10 to 15 form part of these financial statements.
Page 8

 
THE SOUTH YORKSHIRE COMMUNITY REHABILITATION COMPANY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024


Called up share capital
Profit and loss account
Total equity

£000
£000
£000


At 1 September 2022
-
3,503
3,503



Loss for the year
-
(79)
(79)



At 1 September 2023
-
3,424
3,424


Contributions by and distributions to owners

Dividends: Equity capital
-
(3,400)
(3,400)


At 31 August 2024
-
24
24


The notes on pages 10 to 15 form part of these financial statements.
Page 9

 
THE SOUTH YORKSHIRE COMMUNITY REHABILITATION COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

The South Yorkshire Community Rehabilitation Company Limited (the “Company”) is a private company incorporated, domiciled and registered in England and Wales. The registered number is 08802527 and the registered office is One Southampton Row, London, UK, WC1B 5HA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 101 'Reduced Disclosure Framework' ("FRS 101").
In preparing these financial statements, the Company applies the recognition, measurement and disclosure requirements of UK-adopted international accounting standards (“UK-adopted IFRS”), but makes amendments where necessary in order to comply with Companies Act 2006 and has set out in section 2.2 below where advantage of the FRS 101 disclosure exemptions has been taken.

The presentation currency of these financial statements is sterling. All amounts in the financial statements have been rounded to the nearest £1,000.

The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 101 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions under FRS 101:
the requirements of IFRS 7 Financial Instruments: Disclosures
the requirements of paragraphs 91-99 of IFRS 13 Fair Value Measurement
the requirements of IAS 7 Statement of Cash Flows
the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures
the requirements in IAS 24 Related Party Disclosures to disclose related party transactions 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

    
This information is included in the consolidated financial statements of Sodexo S.A. as at 31 August 2024 and these financial statements may be obtained from The Secretary, Sodexo S.A., 255 Quai de la Bataille de Stalingrad, 92866 Issy-Les-Moulineaux, France.

Page 10

 
THE SOUTH YORKSHIRE COMMUNITY REHABILITATION COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.3

Going concern

The Company became a subsidiary of Sodexo Ltd in 2015 on award from the Ministry of Justice to deliver probation and rehabilitation services to the South Yorkshire community, and derived the majority of revenue from a single contract with the Ministry of Justice. This contract ceased on 25 June 2021 with the services returned to the Ministry of Justice for delivery and therefore ceased to trade from 26 June 2021, but the Company has responsibility for the subsequent wind down of the recently ended contract, including the settlement of the receivables and payables relating to the previous operation of the contract. This can take some time to complete. In accordance with the requirements of IAS 1: Presentation and Disclosures, these financial statements are prepared on a basis other than going concern to reflect the fact that trading has ceased. Nevertheless, assets continue to be carried at their recoverable amount which reflects the expected amounts to be recovered on settlement as appropriate. In addition, assets and liabilities are classified as current and non-current in accordance with the contractual terms of those balances and the anticipated timing of settlement.

  
2.4

Non-derivative financial instruments

Non-derivative financial instruments comprise investments in equity and debt securities, trade and other debtors, cash and cash equivalents, loans and borrowings, and trade and other creditors.

Trade and other debtors are recognised initially at fair value. Subsequent to initial recognition, they are measured at amortised cost using the effective interest method, less any impairment losses.

Trade and other creditors are recognised initially at fair value. Subsequent to initial recognition they are measured at amortised cost using the effective interest method.

Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the Company’s cash management.

Interest-bearing borrowings are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, interest-bearing borrowings are stated at amortised cost using the effective interest method, less any impairment losses.

  
2.5

Provisions for liabilities

A provision is recognised in the balance sheet when the Company has a present legal or constructive obligation as a result of a past event, that can be reliably measured and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects risks specific to the liability.

Page 11

 
THE SOUTH YORKSHIRE COMMUNITY REHABILITATION COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.
 
Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.
Deferred tax is provided on temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The following temporary differences are not provided for: the initial recognition of goodwill; the initial recognition of assets or liabilities that affect neither accounting nor taxable profit other than in a business combination, and differences relating to investments in subsidiaries to the extent that they will probably not reverse in the foreseeable future. The amount of deferred tax provided is based on the expected manner of realisation or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted at the balance sheet date.
A deferred tax asset is recognised only to the extent that it is probable that future taxable profits will be available against which the temporary difference can be utilised. 

  
2.7

Administrative expenses

Admin expenses are recognised in the profit and loss account up until FY2023, these included guarantee fees recharged on an arm's length basis from Sodexo S.A. guarantying any debts/liabilities due to the entity. From FY2024, these guarantees are recharged to it's parent company Sodexo Ltd.

 
2.8

Dividends

Dividends unpaid at the balance sheet date are only recognised as a liability at that date to the extent that they are appropriately authorised and are no longer at the discretion of the Company.  Unpaid dividends that do not meet these criteria are disclosed in the notes to the financial statements.

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 12

 
THE SOUTH YORKSHIRE COMMUNITY REHABILITATION COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affect the application of the accounting policies and the reported amounts of assets and liabilities, turnover and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are continually evaluated and are based on historical experience and other factors, including expectations of future events that are reasonable under the circumstances. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected.

The directors do not believe that there are any accounting policies that would be likely to produce materially different results should there be a change to the underlying judgements, estimates and assumptions.
 

4.


Operating profit/(loss)

The operating profit/(loss) is stated after charging:

2024
2023
£000
£000

Exchange differences
-
1



5.


Auditor's remuneration

During the year, the Company obtained the following services from the Company's auditor:


2024
2023
£000
£000

Fees payable to the Company's auditor for the audit of the Company's financial statements
10
9

The Company's auditors are paid through other entities in the group of companies headed by Sodexo S.A.


6.


Directors' remuneration

The Company's directors are remunerated through other entities in the group of companies headed by Sodexo S.A. Accordingly there was no directors remuneration for the year ended 31 August 2024, as was the case for the prior year.




Page 13

 
THE SOUTH YORKSHIRE COMMUNITY REHABILITATION COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Taxation


2024
2023
£000
£000



Total current tax
-
-

Deferred tax

Total deferred tax
-
-


Taxation on profit on ordinary activities
-
-

Factors affecting tax charge for the year



The total tax charge is same (2023: credit is lower) as the standard rate of corporation tax of 25% (2023: blended rate of 21.515%).  The differences are explained below:

2024
2023
£000
£000


Profit/(loss) on ordinary activities before tax
-
(79)


Loss on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 21.515%)
-
(17)

Effects of:


Expenses not deductible for tax purposes
-
17

Total tax charge for the year
-
-


Factors affecting the current and future tax charge

The company is a member of the Sodexo S.A. Group which is expected to be a MNE within the scope of Pillar Two. The Group has carried out preliminary work and does not anticipate any significant impact from this measure in the UK. As at 31 August 2024, no deferred tax has been recognised in application of the amendment to IAS 12 concerning the mandatory exemption from recognition of deferred tax in the financial statements.
There is an unrecognised deferred tax asset relating to losses of £19.7k (2023: £19.8k).
Page 14

 
THE SOUTH YORKSHIRE COMMUNITY REHABILITATION COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Debtors

2024
2023
£000
£000


Amounts owed by group undertakings
44
-

44
-



9.


Creditors: Amounts falling due within one year

2024
2023
£000
£000

Amounts owed to group undertakings
-
20

Corporation tax
20
20

20
40


All amounts owed to group undertakings are repayable on demand.


10.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



10 (2023 - 10) Ordinary shares of £1.00 each
10
10

The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the Company.



11.


Controlling party

On 31 January 2016, the entire share capital of the Company was acquired by Sodexo Limited, a company incorporated in England and Wales. Since this date, Sodexo Limited has been the Company’s immediate parent undertaking and controlling party.
The Company’s ultimate parent company and controlling party is Sodexo S.A., a company incorporated in France. This is the smallest group of undertakings for which consolidated financial statements are prepared. Copies of the consolidated financial statements can be obtained from The Secretary, Sodexo S.A., 255 Quai de la Bataille de Stalingrad, 92866 Issy-Les-Moulineaux, France.

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