Company Registration No. 10699569 (England and Wales)
HAVENCARE MANAGEMENT HOLDINGS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024
30 June 2024
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
HAVENCARE MANAGEMENT HOLDINGS LIMITED
COMPANY INFORMATION
Directors
J Winfield
D Winfield
Company number
10699569
Registered office
227 Bury Road
Rawtenstall
Rossendale
BB4 6DJ
Auditor
PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
HAVENCARE MANAGEMENT HOLDINGS LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2 - 3
Independent auditor's report
4 - 7
Group statement of comprehensive income
8
Group balance sheet
9
Company balance sheet
10
Group statement of changes in equity
12
Company statement of changes in equity
11
Group statement of cash flows
13
Notes to the financial statements
14 - 27
HAVENCARE MANAGEMENT HOLDINGS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2024
- 1 -

The directors present the strategic report for the year ended 30 June 2024.

Review of the business
Principal risks and uncertainties

The group makes little use of financial instruments other than an operational bank account, fixed rate bank loan and the use of finance leases; its exposure to price risk, credit risk and liquidity risk is not material for the assessment of the financial position and profit of the group.

Development and performance

In delivering funeral services in the local communities where the business is based across Lancashire, Havencare has a strong, local brand which is recognised for providing high levels of care to individuals and families that seek to use its services.

 

As a result of the continued focus on high quality services and care, together with the very unfortunate impact of Covid-19 on our population, the business has continued to grow.

 

At the year end, shareholders' funds amounted to £5,506,139 (2023: £5,258,972).

 

The directors believe the company's position to be financially robust particularly given that current assets exceed current liabilities to the extent of £1,627,405 (2023: £2,283,259).

 

Having assessed the main risks facing the company, the directors believe that the high levels of customer service provided are such as to give a realistic expectation of growth and satisfactory trading results in the coming year

Key performance indicators

The company makes little use of financial instruments other than an operational bank account, fixed rate bank loan and the use of finance leases; its exposure to price risk, credit risk and liquidity risk is not material for the assessment of the financial position and profit of the company.

 

Management's objectives are to:

 

- retain sufficient liquid funds to enable the company to meet its day to day obligations as they fall due whilst maximising returns on liquid funds; and

 

- match the repayment schedule of any external borrowings or overdrafts with the expected future cash flows expected to arise from the company's trading activities.

 

The directors consider there to be no matters of concern.

On behalf of the board

J Winfield
Director
6 May 2025
HAVENCARE MANAGEMENT HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -

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 a holding company. The principal activity of the group continued to be that of funeral directors.

Results and dividends

The results for the year are set out on page 8.

Ordinary dividends were paid amounting to £222,342. The directors do not recommend payment of a final dividend.

Directors

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

J Winfield
D Winfield
Auditor

The auditor, PM+M Solutions for Business LLP, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of directors' responsibilities

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 group and company, and of the profit or loss of the group 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 group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and 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 group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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 auditor of the company 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 auditor of the company is aware of that information.

 

 

 

 

 

HAVENCARE MANAGEMENT HOLDINGS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
Medium-sized companies exemption

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

On behalf of the board
J Winfield
Director
6 May 2025
HAVENCARE MANAGEMENT HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF HAVENCARE MANAGEMENT HOLDINGS LIMITED
- 4 -
Opinion

We have audited the financial statements of Havencare Management Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2024 which comprise the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows 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 group and parent 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 group's and parent 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:

HAVENCARE MANAGEMENT HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF HAVENCARE MANAGEMENT HOLDINGS LIMITED
- 5 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or 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 parent 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 parent 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.

 

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

HAVENCARE MANAGEMENT HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF HAVENCARE MANAGEMENT HOLDINGS LIMITED
- 6 -
Extent to which the audit was considered capable of detecting irregularities, including fraud

Identifying and assessing potential risks related to irregularities

 

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we have considered the following:

 

  • the nature of the industry and sector, control environment and business performance including the design of the Group's remuneration policies, key drivers for directors’ remuneration, bonus levels and performance targets;

  • results of our enquiries of management about their own identification and assessment of the risks of irregularities;

  • the matters discussed among the audit engagement team including significant component audit teams and involving relevant specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud;

  • any matters we identified having obtained and reviewed the Group's documentation of their 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 internal controls established to mitigate risks of fraud or non-compliance with laws and regulations.

 

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas: timing of recognition of commercial income, posting of unusual journals and complex transactions; and manipulating the Group's performance profit measures and other key performance indicators to meet targets. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

 

We also obtained an understanding of the legal and regulatory frameworks that the Group operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included UK Companies Act, employment law, health and safety regulations, pensions legislation and tax legislation.

 

 

Audit response to risks identified

Our procedures to respond to risks identified included the following:

 

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 (irregularities) 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 irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

 

HAVENCARE MANAGEMENT HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF HAVENCARE MANAGEMENT HOLDINGS LIMITED
- 7 -

 

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.

Use of our report

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.

Ceri Dixon BSc (Hons) FCA (Senior Statutory Auditor)
For and on behalf of PM+M Solutions for Business LLP
6 May 2025
Chartered Accountants
Statutory Auditor
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
HAVENCARE MANAGEMENT HOLDINGS LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2024
- 8 -
2024
2023
Notes
£
£
Turnover
3
6,558,197
6,640,718
Cost of sales
(4,538,103)
(4,506,776)
Gross profit
2,020,094
2,133,942
Administrative expenses
(1,390,655)
(1,406,047)
Operating profit
6
629,439
727,895
Interest receivable and similar income
7
6,746
-
0
Interest payable and similar expenses
8
(21,794)
(18,334)
Change in fair value of investment property
9
-
0
118,000
Profit before taxation
614,391
827,561
Tax on profit
10
(144,882)
(161,556)
Profit for the financial year
469,509
666,005
Profit for the financial year is attributable to:
- Owners of the parent company
474,071
671,134
- Non-controlling interests
(4,562)
(5,129)
469,509
666,005
Total comprehensive income for the year is attributable to:
- Owners of the parent company
474,071
671,134
- Non-controlling interests
(4,562)
(5,129)
469,509
666,005
HAVENCARE MANAGEMENT HOLDINGS LIMITED
GROUP BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 9 -
2024
2023
Notes
£
£
£
£
Fixed assets
Negative goodwill
12
(3,394,086)
(3,473,018)
Tangible assets
13
7,384,402
6,550,564
Investment property
14
703,000
703,000
4,693,316
3,780,546
Current assets
Stocks
17
105,721
93,652
Debtors
18
996,019
1,420,908
Cash at bank and in hand
1,409,904
1,611,148
2,511,644
3,125,708
Creditors: amounts falling due within one year
19
(884,239)
(842,449)
Net current assets
1,627,405
2,283,259
Total assets less current liabilities
6,320,721
6,063,805
Creditors: amounts falling due after more than one year
20
(353,334)
(380,894)
Provisions for liabilities
Deferred tax liability
22
461,248
423,939
(461,248)
(423,939)
Net assets
5,506,139
5,258,972
Capital and reserves
Called up share capital
24
100
100
Revaluation reserve
485,544
485,544
Profit and loss reserves
5,016,631
4,764,902
Equity attributable to owners of the parent company
5,502,275
5,250,546
Non-controlling interests
3,864
8,426
5,506,139
5,258,972

These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.

The financial statements were approved by the board of directors and authorised for issue on 6 May 2025 and are signed on its behalf by:
06 May 2025
J Winfield
Director
Company registration number 10699569 (England and Wales)
HAVENCARE MANAGEMENT HOLDINGS LIMITED
COMPANY BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 10 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
15
2,066,630
2,066,630
Current assets
Debtors
18
100
100
Creditors: amounts falling due within one year
19
(2,066,630)
(2,066,630)
Net current liabilities
(2,066,530)
(2,066,530)
Net assets
100
100
Capital and reserves
Called up share capital
24
100
100

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 period was £222,342 (2023 - £188,821 profit).

The financial statements were approved by the board of directors and authorised for issue on 6 May 2025 and are signed on its behalf by:
06 May 2025
J Winfield
Director
Company registration number 10699569 (England and Wales)
HAVENCARE MANAGEMENT HOLDINGS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024
- 11 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 July 2022
100
-
0
100
Year ended 30 June 2023:
Profit and total comprehensive income for the year
-
188,821
188,821
Dividends
11
-
(188,821)
(188,821)
Balance at 30 June 2023
100
-
100
Year ended 30 June 2024:
Profit and total comprehensive income
-
222,342
222,342
Dividends
11
-
(222,342)
(222,342)
Balance at 30 June 2024
100
-
0
100
HAVENCARE MANAGEMENT HOLDINGS LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024
- 12 -
Share capital
Revaluation reserve
Profit and loss reserves
Total controlling interest
Non-controlling interest
Total
Notes
£
£
£
£
£
£
Balance at 1 July 2022
100
64,500
4,703,633
4,768,233
13,555
4,781,788
Year ended 30 June 2023:
Profit and total comprehensive income
-
-
671,134
671,134
(5,129)
666,005
Dividends
11
-
-
(188,821)
(188,821)
-
(188,821)
Transfers
-
421,044
(421,044)
-
-
-
Balance at 30 June 2023
100
485,544
4,764,902
5,250,546
8,426
5,258,972
Year ended 30 June 2024:
Profit and total comprehensive income
-
-
474,071
474,071
(4,562)
469,509
Dividends
11
-
-
(222,342)
(222,342)
-
(222,342)
Balance at 30 June 2024
100
485,544
5,016,631
5,502,275
3,864
5,506,139
HAVENCARE MANAGEMENT HOLDINGS LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2024
- 13 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
28
1,058,421
572,301
Interest paid
(21,794)
(18,334)
Income taxes refunded/(paid)
69,623
(318,754)
Net cash inflow from operating activities
1,106,250
235,213
Investing activities
Purchase of tangible fixed assets
(772,655)
(141,249)
Proceeds from disposal of tangible fixed assets
96,700
-
Repayment of loans
(14,126)
-
Interest received
6,746
-
0
Net cash used in investing activities
(683,335)
(141,249)
Financing activities
Repayment of bank loans
(107,999)
(97,693)
Payment of finance leases obligations
(293,818)
(156,294)
Dividends paid to equity shareholders
(222,342)
(188,821)
Net cash used in financing activities
(624,159)
(442,808)
Net decrease in cash and cash equivalents
(201,244)
(348,844)
Cash and cash equivalents at beginning of year
1,611,148
1,959,992
Cash and cash equivalents at end of year
1,409,904
1,611,148
HAVENCARE MANAGEMENT HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 14 -
1
Accounting policies
Company information

Havencare Management Holdings Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is 227 Bury Road, Rawtenstall, Rossendale, BB4 6DJ.

 

The group consists of Havencare Management Holdings 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.

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, modified to include the revaluation of investment properties. The principal accounting policies adopted are set out below.

1.2
Basis of consolidation

In the parent company financial statements, the cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. Investments in subsidiaries and associates are accounted for at cost less impairment.

 

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

The consolidated financial statements incorporate those of Havencare Management Holdings Limited and all of its subsidiaries (ie entities that the group controls through its power to govern the financial and operating policies so as to obtain economic benefits).

 

All financial statements are made up to 30 June 2024. 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.

1.3
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the group and the company have adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover is recognised net of VAT and other sales related taxes.

HAVENCARE MANAGEMENT HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 15 -

Revenue from the sale of goods and services is recognised when the significant risks and rewards of ownership of the goods and services have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

 

Negative goodwill arising on acquisition is included within fixed assets and released to the profit and loss account in the periods in which the fair values of the non- monetary assets purchased in the same acquisition are recovered whether through depreciation or sale.

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:

Freehold land and buildings
2%
Leasehold land and buildings
2%
Plant and equipment
10 - 20%
Motor vehicles
20 - 33.3%

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
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.8
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 and associates 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.

HAVENCARE MANAGEMENT HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 16 -
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.

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 at bank and in hand

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.

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 and loans from fellow group companies 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.

 

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.

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.

HAVENCARE MANAGEMENT HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 17 -
1.13
Taxation

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

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

1.15
Retirement benefits

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

1.16
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

HAVENCARE MANAGEMENT HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 18 -
2
Judgements and key sources of estimation uncertainty

In the application of the group’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.

 

The investment properties are shown at their fair value at the balance sheet date. These valuations are based on the market data available to the directors.

 

A provision for impairment of trade debtors is established when there is no objective evidence that the amounts will not be collected according to the original terms and conditions.

3
Turnover and other revenue
2024
2023
£
£
Turnover analysed by class of business
Funeral services
6,558,197
6,640,718
2024
2023
£
£
Other revenue
Interest income
6,746
-

All turnover arose within the United Kingdom.

4
Auditor's remuneration
2024
2023
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
6,175
6,050
Audit of the financial statements of the company's subsidiaries
26,260
29,795
32,435
35,845
HAVENCARE MANAGEMENT HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 19 -
5
Employees

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

Group
Company
2024
2023
2024
2023
Number
Number
Number
Number
Employees
94
93
-
0
2

Their aggregate remuneration comprised:

Group
Company
2024
2023
2024
2023
£
£
£
£
Wages and salaries
1,949,902
1,843,511
-
0
-
0
Social security costs
160,127
151,133
-
0
-
0
Pension costs
32,291
31,758
-
0
-
0
2,142,320
2,026,402
-
0
-
0
6
Operating profit
2024
2023
£
£
Operating profit for the year is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
78,655
76,264
Depreciation of tangible fixed assets held under finance leases
148,285
133,309
Profit on disposal of tangible fixed assets
(7,323)
-
0
Release of negative goodwill
(78,932)
(78,932)
Operating lease charges
37,516
35,698
7
Interest receivable and similar income
2024
2023
£
£
Interest income
Other interest income
6,746
-
8
Interest payable and similar expenses
2024
2023
£
£
Interest on bank overdrafts and loans
563
1,081
Interest on finance leases and hire purchase contracts
21,231
17,253
Total finance costs
21,794
18,334
HAVENCARE MANAGEMENT HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 20 -
9
Amounts written off investments
2024
2023
£
£
Changes in the fair value of investment properties
-
118,000
10
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
107,014
151,322
Adjustments in respect of prior periods
566
(8)
Total current tax
107,580
151,314
Deferred tax
Origination and reversal of timing differences
37,302
10,242
Total tax charge
144,882
161,556

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2024
2023
£
£
Profit before taxation
614,391
827,561
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2023: 20.50%)
153,598
169,650
Tax effect of expenses that are not deductible in determining taxable profit
830
-
0
Adjustments in respect of prior years
566
(8)
Permanent capital allowances in excess of depreciation
8,104
6,243
Other permanent differences
(18,216)
(16,111)
Remeasurement of deferred tax for changes in tax rates
-
0
1,782
Taxation charge
144,882
161,556
11
Dividends
2024
2023
Recognised as distributions to equity holders:
£
£
Final paid
222,342
188,821
HAVENCARE MANAGEMENT HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 21 -
12
Intangible fixed assets
Group
Goodwill
Negative goodwill
Total
£
£
£
Cost
At 1 July 2023 and 30 June 2024
53,839
(3,946,610)
(3,892,771)
Amortisation and impairment
At 1 July 2023
53,839
(473,592)
(419,753)
Amortisation charged for the year
-
0
(78,932)
(78,932)
At 30 June 2024
53,839
(552,524)
(498,685)
Carrying amount
At 30 June 2024
-
0
(3,394,086)
(3,394,086)
At 30 June 2023
-
0
(3,473,018)
(3,473,018)
The company had no intangible fixed assets at 30 June 2024 or 30 June 2023.
13
Tangible fixed assets
Group
Freehold land and buildings
Leasehold land and buildings
Plant and equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 July 2023
3,697,471
1,806,474
260,870
1,733,716
7,498,531
Additions
693,265
12,366
15,765
428,759
1,150,155
Disposals
-
0
-
0
-
0
(235,848)
(235,848)
At 30 June 2024
4,390,736
1,818,840
276,635
1,926,627
8,412,838
Depreciation and impairment
At 1 July 2023
127,872
54,415
148,894
616,786
947,967
Depreciation charged in the year
23,874
7,664
20,101
175,301
226,940
Eliminated in respect of disposals
-
0
-
0
-
0
(146,471)
(146,471)
At 30 June 2024
151,746
62,079
168,995
645,616
1,028,436
Carrying amount
At 30 June 2024
4,238,990
1,756,761
107,640
1,281,011
7,384,402
At 30 June 2023
3,569,599
1,752,059
111,976
1,116,930
6,550,564
The company had no tangible fixed assets at 30 June 2024 or 30 June 2023.
HAVENCARE MANAGEMENT HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
13
Tangible fixed assets
(Continued)
- 22 -

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.

Group
Company
2024
2023
2024
2023
£
£
£
£
Motor vehicles
779,924
622,723
-
0
-
0
14
Investment property
Group
Company
2024
2024
£
£
Fair value
At 1 July 2023 and 30 June 2024
703,000
-

The 2023 and 2024 valuations were made by the directors, on an open market value for existing use basis.

15
Fixed asset investments
Group
Company
2024
2023
2024
2023
Notes
£
£
£
£
Investments in subsidiaries
16
-
0
-
0
2,066,630
2,066,630
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 July 2023 and 30 June 2024
2,066,630
Carrying amount
At 30 June 2024
2,066,630
At 30 June 2023
2,066,630
16
Subsidiaries

Details of the company's subsidiaries at 30 June 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Indirect
Havencare Management Limited
227 Bury Road, Rawtenstall, Rossendale, BB4 6DJ
Ordinary
100.00
-
R.H. Ormerod Limited
227 Bury Road, Rawtenstall, Rossendale, BB4 6DJ
Ordinary
0
100.00
Todmorden Funeral Services Limited
227 Bury Road, Rawtenstall, Rossendale, BB4 6DJ
Ordinary
0
51.00
HAVENCARE MANAGEMENT HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
16
Subsidiaries
(Continued)
- 23 -

Todmorden Funeral Services Limited (Registration number 09044995) is exempt from the requirements

of the Act relating to the audit of individual financial statements, by virtue of section 479a of the Companies

Act 2006.

 

R. H. Ormerod Limited is a dormant company.

17
Stocks
Group
Company
2024
2023
2024
2023
£
£
£
£
Finished goods and goods for resale
105,721
93,652
-
0
-
0
18
Debtors
Group
Company
2024
2023
2024
2023
Amounts falling due within one year:
£
£
£
£
Trade debtors
397,218
519,214
-
0
-
0
Corporation tax recoverable
-
0
70,710
-
0
-
0
Other debtors
448,502
697,073
100
100
Prepayments and accrued income
150,299
133,911
-
0
-
0
996,019
1,420,908
100
100

Amounts owed by related parties are unsecured, interest free and repayable on demand.

19
Creditors: amounts falling due within one year
Group
Company
2024
2023
2024
2023
Notes
£
£
£
£
Bank loans
87,096
95,114
-
0
-
0
Obligations under finance leases
21
132,743
121,482
-
0
-
0
Trade creditors
304,203
307,194
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
2,066,630
2,066,630
Corporation tax payable
106,701
215
-
0
-
0
Other taxation and social security
47,290
83,135
-
-
Other creditors
85,776
111,023
-
0
-
0
Accruals and deferred income
120,430
124,286
-
0
-
0
884,239
842,449
2,066,630
2,066,630

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

 

Obligations under finance leases are secured on the assets to which the agreement relates.

HAVENCARE MANAGEMENT HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 24 -
20
Creditors: amounts falling due after more than one year
Group
Company
2024
2023
2024
2023
Notes
£
£
£
£
Bank loans and overdrafts
148,462
248,443
-
0
-
0
Obligations under finance leases
21
204,872
132,451
-
0
-
0
353,334
380,894
-
-

Obligations under finance leases are secured on the assets to which the agreement relates.

 

The bank loans are secured on the group's freehold and leasehold land and buildings and a related party guarantee of £100,000. They are repayable by the contractual repayment terms of each loan and incur interest of 3.5%.

 

21
Finance lease obligations
Group
Company
2024
2023
2024
2023
£
£
£
£
Future minimum lease payments due under finance leases:
Within one year
132,743
121,482
-
0
-
0
In two to five years
204,872
132,451
-
0
-
0
337,615
253,933
-
-
22
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
2024
2023
Group
£
£
Accelerated capital allowances
352,187
315,228
Tax losses
(1,503)
(1,853)
Other timing differences
110,564
110,564
461,248
423,939
The company has no deferred tax assets or liabilities.
HAVENCARE MANAGEMENT HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
22
Deferred taxation
(Continued)
- 25 -
Group
Company
2024
2024
Movements in the year:
£
£
Liability at 1 July 2023
423,939
-
Charge to profit or loss
37,309
-
Liability at 30 June 2024
461,248
-
23
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
32,291
31,758

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

 

Contributions totalling £16,987 (2023: £19,227) were payable to the fund at the balance sheet date.

24
Share capital
Group and company
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
25
Operating lease commitments
Lessee

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

Group
Company
2024
2023
2024
2023
£
£
£
£
Within one year
42,302
38,929
-
-
Between two and five years
13,284
1,362
-
-
55,586
40,291
-
-
HAVENCARE MANAGEMENT HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 26 -
26
Directors' transactions

The maximum amount outstanding during the year was £101,479 (2022: £84,666).

HAVENCARE MANAGEMENT HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 27 -
27
Related party transactions

At the year end an amount of £7,379 (2023: £31,293) was due to the company associated through common control. Havencare Management Limited made sales and purchases of goods and services amounting to £4,035 (2023: £3,416).

 

At the year end an amount of £411,390 (2023: £672,003) was owed by the company to a company associated through common control. Havencare Management Limited made sales of goods and services amounting to £697,273 (2023: £645,245) to this company.

28
Cash generated from group operations
2024
2023
£
£
Profit for the year after tax
469,509
666,005
Adjustments for:
Taxation charged
144,882
161,556
Finance costs
21,794
18,334
Investment income
(6,746)
-
0
Gain on disposal of tangible fixed assets
(7,323)
-
Fair value gain on investment properties
-
0
(118,000)
Amortisation and impairment of intangible assets
(78,932)
(78,932)
Depreciation and impairment of tangible fixed assets
226,940
209,573
Movements in working capital:
(Increase)/decrease in stocks
(12,069)
13,999
Decrease/(increase) in debtors
368,305
(242,913)
Decrease in creditors
(67,939)
(57,321)
Cash generated from operations
1,058,421
572,301
29
Analysis of changes in net funds - group
1 July 2023
Cash flows
New finance leases
30 June 2024
£
£
£
£
Cash at bank and in hand
1,611,148
(201,244)
-
1,409,904
Borrowings excluding overdrafts
(343,557)
107,999
-
(235,558)
Obligations under finance leases
(253,933)
293,818
(377,500)
(337,615)
1,013,658
200,573
(377,500)
836,731
2024-06-302023-07-01falsefalseCCH SoftwareCCH Accounts Production 2025.100J WinfieldD Winfieldfalse106995692023-07-012024-06-30106995692024-06-3010699569bus:Director12023-07-012024-06-3010699569bus:Director22023-07-012024-06-3010699569bus:RegisteredOffice2023-07-012024-06-3010699569bus:Consolidated2023-07-012024-06-3010699569bus:Consolidated2022-07-012023-06-30106995692022-07-012023-06-3010699569bus:Consolidated2024-06-3010699569core:NegativeGoodwillbus:Consolidated2024-06-3010699569core:NegativeGoodwillbus:Consolidated2023-06-3010699569core:Goodwillbus:Consolidated2024-06-3010699569core:Goodwillbus:Consolidated2023-06-3010699569bus:Consolidated2023-06-3010699569core:LandBuildingscore:OwnedOrFreeholdAssetsbus:Consolidated2024-06-3010699569core:LandBuildingscore:LeasedAssetsHeldAsLesseebus:Consolidated2024-06-3010699569core:PlantMachinerybus:Consolidated2024-06-3010699569core:MotorVehiclesbus:Consolidated2024-06-3010699569core:LandBuildingscore:OwnedOrFreeholdAssetsbus:Consolidated2023-06-3010699569core:LandBuildingscore:LeasedAssetsHeldAsLesseebus:Consolidated2023-06-3010699569core:PlantMachinerybus:Consolidated2023-06-3010699569core:MotorVehiclesbus:Consolidated2023-06-30106995692023-06-3010699569core:ShareCapitalbus:Consolidated2024-06-3010699569core:ShareCapitalbus:Consolidated2023-06-3010699569core:RevaluationReservebus:Consolidated2024-06-3010699569core:RevaluationReservebus:Consolidated2023-06-3010699569core:RetainedEarningsAccumulatedLossesbus:Consolidated2023-06-3010699569core:Non-controllingInterestsbus:Consolidated2024-06-3010699569core:Non-controllingInterestsbus:Consolidated2023-06-3010699569core:ShareCapital2024-06-3010699569core:ShareCapital2023-06-3010699569core:ShareCapital2022-06-3010699569core:RetainedEarningsAccumulatedLosses2022-06-3010699569core:RetainedEarningsAccumulatedLosses2024-06-3010699569core:ShareCapitalbus:Consolidated2022-06-3010699569core:SharePremiumbus:Consolidated2022-06-3010699569core:RetainedEarningsAccumulatedLossesbus:Consolidated2022-06-3010699569core:RetainedEarningsAccumulatedLossesbus:Consolidated2024-06-3010699569bus:Consolidated2022-06-3010699569core:Goodwill2023-07-012024-06-3010699569core:LandBuildingscore:OwnedOrFreeholdAssets2023-07-012024-06-3010699569core:LandBuildingscore:LongLeaseholdAssets2023-07-012024-06-3010699569core:PlantMachinery2023-07-012024-06-3010699569core:MotorVehicles2023-07-012024-06-3010699569core:UKTaxbus:Consolidated2023-07-012024-06-3010699569core:UKTaxbus:Consolidated2022-07-012023-06-3010699569bus:Consolidated12023-07-012024-06-3010699569bus:Consolidated12022-07-012023-06-3010699569bus:Consolidated22023-07-012024-06-3010699569bus:Consolidated22022-07-012023-06-3010699569core:Goodwillbus:Consolidated2023-06-3010699569core:NegativeGoodwillbus:Consolidated2023-06-3010699569bus:Consolidated2023-06-3010699569core:Goodwillbus:Consolidated2023-07-012024-06-3010699569core:NegativeGoodwillbus:Consolidated2023-07-012024-06-3010699569core:LandBuildingscore:OwnedOrFreeholdAssetsbus:Consolidated2023-06-3010699569core:LandBuildingscore:LeasedAssetsHeldAsLesseebus:Consolidated2023-06-3010699569core:PlantMachinerybus:Consolidated2023-06-3010699569core:MotorVehiclesbus:Consolidated2023-06-3010699569core:LandBuildingscore:OwnedOrFreeholdAssetsbus:Consolidated2023-07-012024-06-3010699569core:LandBuildingscore:LeasedAssetsHeldAsLesseebus:Consolidated2023-07-012024-06-3010699569core:PlantMachinerybus:Consolidated2023-07-012024-06-3010699569core:MotorVehiclesbus:Consolidated2023-07-012024-06-3010699569core:MotorVehicles2024-06-3010699569core:MotorVehicles2023-06-3010699569core:Subsidiary12023-07-012024-06-3010699569core:Subsidiary22023-07-012024-06-3010699569core:Subsidiary32023-07-012024-06-3010699569core:Subsidiary112023-07-012024-06-3010699569core:Subsidiary222023-07-012024-06-3010699569core:Subsidiary332023-07-012024-06-3010699569core:CurrentFinancialInstruments2024-06-3010699569core:CurrentFinancialInstruments2023-06-3010699569core:CurrentFinancialInstrumentsbus:Consolidated2024-06-3010699569core:CurrentFinancialInstrumentsbus:Consolidated2023-06-3010699569core:WithinOneYearbus:Consolidated2024-06-3010699569core:WithinOneYearbus:Consolidated2023-06-3010699569core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3010699569core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3010699569core:Non-currentFinancialInstrumentscore:AfterOneYearbus:Consolidated2024-06-3010699569core:Non-currentFinancialInstrumentscore:AfterOneYearbus:Consolidated2023-06-3010699569core:Non-currentFinancialInstrumentscore:AfterOneYear2024-06-3010699569core:Non-currentFinancialInstrumentscore:AfterOneYear2023-06-3010699569core:Non-currentFinancialInstrumentsbus:Consolidated2024-06-3010699569core:Non-currentFinancialInstrumentsbus:Consolidated2023-06-3010699569core:Non-currentFinancialInstruments2024-06-3010699569core:Non-currentFinancialInstruments2023-06-3010699569core:CurrentFinancialInstrumentscore:WithinOneYearbus:Consolidated2024-06-3010699569core:CurrentFinancialInstrumentscore:WithinOneYearbus:Consolidated2023-06-3010699569core:WithinOneYear2024-06-3010699569core:WithinOneYear2023-06-3010699569core:BetweenTwoFiveYearsbus:Consolidated2024-06-3010699569core:BetweenTwoFiveYearsbus:Consolidated2023-06-3010699569core:BetweenTwoFiveYears2024-06-3010699569core:BetweenTwoFiveYears2023-06-3010699569bus:PrivateLimitedCompanyLtd2023-07-012024-06-3010699569bus:FRS1022023-07-012024-06-3010699569bus:Audited2023-07-012024-06-3010699569bus:ConsolidatedGroupCompanyAccounts2023-07-012024-06-3010699569bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP