Sunshare Community Nottingham Plc - Limited company accounts 25.1

REGISTERED NUMBER: 08198799 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SUNSHARE COMMUNITY NOTTINGHAM PLC

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Income Statement

8

Other Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

DIRECTORS:

M R Wakeford

J R Wakeford

SECRETARY:

J R Wakeford

REGISTERED OFFICE:

27 Eldon Business Park

Chilwell

Nottingham

Nottinghamshire

NG9 6DZ

REGISTERED NUMBER:

08198799 (England and Wales)

AUDITORS:

Lemans

Statutory Auditor

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

The directors present their strategic report for the year ended 31 March 2025.

During 2012, the company constructed and commissioned a portfolio of solar arrays on buildings owned by Nottingham City Council which include schools, leisure centres and Sure Start centres.

These generate and provide the building tenants with low carbon electricity at attractive rates, and provide future comfort against the volatility of retail electricity prices under Power Purchase Agreements. In addition, the company received revenue under the Government's Feed-In-Tariff (FIT). The FIT increases annually in accordance with the Retail Prices Index in the UK.

REVIEW OF BUSINESS

Details of the company's trading position for the period are shown on page 10. The portfolio has performed in accordance with expectations during the period and continues to be regularly monitored and maintained.

The company originally received funding for this project from Stepnell Limited; however in the financial year ending September 2014, with the portfolio proven and generating, the company completed a debenture offer to the public via a crowd funding platform. The debentures, in return for re-financing the portfolio provide a 6.5% annual return and six-monthly capital repayments over a 19 year duration from the date of take up.

PRINCIPAL RISKS AND UNCERTAINTIES

The company bears the risk of solar irradiation and system performance and has in place an operation and maintenance agreement with EvoEnergy Limited, the solar specialist who built and commissioned the portfolio, to mitigate the latter.

Future increase in revenue is linked to the Retail Price Index in the UK. EvoEnergy Limited have agreed to mitigate this risk by leaving their remaining loan capital and accrued interest as Other Loans due after more than 1 year.

SECTION 172(1) STATEMENT

Section 172 of the Companies Act 2006 requires Directors to take into consideration the interests of stakeholders in their decision making. The Directors continue to have regard to the interests of the Company's employees and other stakeholders, including the impact of its activities on the community, the environment and the Company's reputation, when making decisions. Acting in good faith and fairly between members, the Directors consider what is most likely to promote the success of the Company for its members in the long term. Whilst the importance of giving due consideration to our stakeholders is not new, we are explaining in more detail how the Board engages with our stakeholders, thus seeking to comply, with the requirement to include a statement setting out how our Directors have discharged this duty.

The Directors are aware of their responsibilities to promote the success of the Company in accordance with section 172 of the Companies Act 2006.

The Board regularly reviews our principal stakeholders and how we engage with them. The stakeholder voice is brought into the boardroom throughout the direct engagement with stakeholders themselves as they are the Directors. Our principal stakeholders are EvoEnergy Limited and ultimately the Wakeford families who own the parent EvoEnergy Limited. The relevance of each stakeholder group may increase or decrease depending on the matter or issue in question, so the Board seeks to consider the needs and priorities of each stakeholder group during its discussions and as part of its decision making.

The Board does not have a workforce, the accounting and maintenance services are performed by EvoEnergy.

We aim to work responsibly with our suppliers. During the year, the Board reviewed our arrangements and approved the Modern Slavery and Human Trafficking Statement which sets out the steps taken to prevent modern slavery in our business and supply chains.

The portfolio of Solar PV assets within the company demonstrate the community and environmental engagement.

The Management Team, designated as 'senior management' for the purpose of the 2018 Code but not for the purposes of section 414C(8) of the Companies Act 2006, comprises the Directors and together is comprised of those with responsibility for interacting with the Company's principal stakeholders.

The Board has implemented measures to ensure that stakeholder interests are always taken into account. A written reminder of the section 172 duty is on each Board agenda. Approval papers prepared by management for Board approval highlight relevant stakeholder considerations to be considered as part of the debate when making decisions.

ON BEHALF OF THE BOARD:

M R Wakeford - Director

24 June 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of solar energy generator to a portfolio of Nottingham City Council properties.

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

M R Wakeford

J R Wakeford

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors 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:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

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

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Lemans, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M R Wakeford - Director

24 June 2025

Opinion

We have audited the financial statements of Sunshare Community Nottingham Plc (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of 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:

-	give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; 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 under those standards are further described in the Auditors' 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 directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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 the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

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 Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us 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 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.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, 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 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.

Auditors' 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 a Report of the Auditors 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.

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

We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

-

We exercise professional judgment and maintain professional scepticism throughout the planning and
performance of the audit;

-

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error,
design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from
fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control;

-

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the
entity's internal control;

-

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by management. We are required to communicate with those charged with governance
regarding, among other matters, the planned scope and timing of the audit and significant audit findings,
including any significant deficiencies in internal control that we identify during our audit.

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 misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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 a Report of the Auditors 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.

Adrian Harby FCCA (Senior Statutory Auditor)

for and on behalf of Lemans

Statutory Auditor

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

24 June 2025

TURNOVER

3

140,626

134,669

Administrative expenses

96,312

277,056

OPERATING PROFIT/(LOSS)

5

44,314

(142,387

)

Interest receivable and similar income

-

102

44,314

(142,285

)

Interest payable and similar expenses

6

34,711

36,856

PROFIT/(LOSS) BEFORE TAXATION

9,603

(179,141

)

Tax on profit/(loss)

7

-

(9,669

)

PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

9,603

(169,472

)

PROFIT/(LOSS) FOR THE YEAR

9,603

(169,472

)

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

9,603

(169,472

)

FIXED ASSETS

Tangible assets

8

300,739

340,513

CURRENT ASSETS

Debtors

9

74,898

67,998

Cash at bank

51,386

57,799

126,284

125,797

CREDITORS

Amounts falling due within one year

10

54,707

62,117

NET CURRENT ASSETS

71,577

63,680

TOTAL ASSETS LESS CURRENT
LIABILITIES

372,316

404,193

CREDITORS

Amounts falling due after more than one
year

11

520,587

562,067

NET LIABILITIES

(148,271

)

(157,874

)

CAPITAL AND RESERVES

Called up share capital

13

50,000

Retained earnings

14

(198,271

)

(207,874

)

SHAREHOLDERS' FUNDS

(148,271

)

(157,874

)

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:

M R Wakeford - Director

Called up

share

Retained

Total

capital

earnings

equity

£

Balance at 1 April 2023

50,000

(38,402

)

11,598

Changes in equity

Total comprehensive income

-

(169,472

)

(169,472

)

Balance at 31 March 2024

50,000

(207,874

)

(157,874

)

Changes in equity

Total comprehensive income

-

9,603

Balance at 31 March 2025

50,000

(198,271

)

(148,271

)

Cash flows from operating activities

Cash generated from operations

1

60,464

(47,255

)

Interest paid

(34,711

)

(36,856

)

Net cash from operating activities

25,753

(84,111

)

Cash flows from investing activities

Interest received

-

102

Net cash from investing activities

-

102

Cash flows from financing activities

New loans in year

10,881

10,228

Debenture repayments in year

(43,047

)

(43,047

)

Net cash from financing activities

(32,166

)

(32,819

)

Decrease in cash and cash equivalents

(6,413

)

(116,828

)

Cash and cash equivalents at beginning of
year

2

57,799

174,627

Cash and cash equivalents at end of year

2

51,386

57,799

1.	RECONCILIATION OF PROFIT/(LOSS) BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.3.25

31.3.24

£

Profit/(loss) before taxation

9,603

(179,141

)

Depreciation charges

39,774

Finance costs

34,711

36,856

Finance income

-

(102

)

84,088

(102,613

)

(Increase)/decrease in trade and other debtors

(6,900

)

58,351

Decrease in trade and other creditors

(16,724

)

(2,993

)

Cash generated from operations

60,464

(47,255

)

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2025

31.3.25

1.4.24

£

Cash and cash equivalents

51,386

57,799

Year ended 31 March 2024

31.3.24

1.4.23

£

Cash and cash equivalents

57,799

174,627

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.4.24

Cash flow

At 31.3.25

£

Net cash

Cash at bank

57,799

(6,413

)

51,386

57,799

(6,413

)

51,386

Debt

Debts falling due within 1 year

(44,345

)

-

(44,345

)

Debts falling due after 1 year

(343,079

)

43,047

(300,032

)

(387,424

)

43,047

(344,377

)

Total

(329,625

)

36,634

(292,991

)

1.	STATUTORY INFORMATION

Sunshare Community Nottingham Plc is a private company , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

The preparation of financial statements in conforming with FRS102 requires management to make judgements and estimates that affect the application of policies and reported amounts for assets and liabilities. The estimates and associated assumptions are based on historical experience and factors that are believed to be reasonable under the circumstances, the results of which form the basis of the judgements about the amounts that are not readily apparent from other sources. The actual amounts may differ from the estimates.

The estimates are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period to which they relate either current or future.

The most critical accounting policies and estimates in determining the financial position of the Company are those requiring the greatest degree of subjectively. These are discussed below:-

Deferred Tax

Management estimate is required to determine the amount of deferred tax assets that can be recognised, based on the likely timing and level of future taxable profits together with an assessment of the net effect of future tax.

Turnover relating to the accrued income for FIT

The amount of the Feed In Tariff (FIT) is calculated on the net number of kilowatts of power generated and exported. Management has adopted the policy of recognising FIT turnover, based on the price for the relevant period.

Turnover

Turnover represents income received under energy contract supply agreements and Feed In Tariffs (FIT), excluding value added tax.

Turnover in respect of both energy supplied and generation tariffs is accrued as generated.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

5% on cost

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Debtors and creditors receivable / payable

Debtors and creditors with no stated interest rate and receivable or payable with in one year are recorded at the transaction price.

Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date where transactions or events have occurred at that date will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the Company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse based on tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Management assess the recoverability of deferred tax assets as and when they arise and will recognise any such assets if they are deemed recoverable.

Going concern

The directors believe that the Company is well placed to manage its business risks successfully. Having reviewed the Company's current position and cash flow projections and given the continued financial support provided by Evoenergy Limited, the directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.

3.

TURNOVER

The turnover and profit (2024 - loss) before taxation are attributable to the one principal activity of the company.

The whole of the Company's turnover is attributable to its market in the United Kingdom and is derived from the principal activity of the generation and supply of electricity from rooftop photovoltaic sites, the associated FIT income, as outlined with in the accounting policies.

4.	EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 31 March 2025 nor for the year ended 31 March 2024.

31.3.25

31.3.24

£

Directors' remuneration

-

5.	OPERATING PROFIT/(LOSS)

The operating profit (2024 - operating loss) is stated after charging:

31.3.25

31.3.24

£

Depreciation - owned assets

39,774

Auditors' remuneration

3,000

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.3.25

31.3.24

£

Debenture interest

23,830

26,628

Loan interest

10,881

10,228

34,711

36,856

7.

TAXATION

Analysis of the tax credit

The tax credit on the profit for the year was as follows:

31.3.25

31.3.24

£

Deferred tax

-

(9,669

)

Tax on profit/(loss)

-

(9,669

)

8.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

795,485

DEPRECIATION

At 1 April 2024

454,972

Charge for year

39,774

At 31 March 2025

494,746

NET BOOK VALUE

At 31 March 2025

300,739

At 31 March 2024

340,513

9.

DEBTORS

31.3.25

31.3.24

£

Amounts falling due within one year:

Trade debtors

9,747

5,069

Other debtors

942

1,605

Prepayments and accrued income

26,709

23,824

37,398

30,498

Amounts falling due after more than one year:

Called up share capital not paid

37,500

Aggregate amounts

74,898

67,998

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Debentures (see note 12)

44,345

Trade creditors

7,362

Amounts owed to group undertakings

-

4,411

Accrued expenses

3,000

5,999

54,707

62,117

11.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Debentures (see note 12)

300,032

343,079

Amounts owed to group undertakings

147,968

137,087

Accrued expenses

72,587

81,901

520,587

562,067

In 2014 the company refinanced its long term debt by issuing debentures which were offered for sale under a Crowd Funding Project. The total amount received under these debentures amounted to £896,000. The debentures carry a fixed rate of interest of 6.5% and are repayable in equal instalments over a 19 year term.

12.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

Amounts falling due within one year or on demand:

Debentures

44,345

Amounts falling due between one and two years:

Debentures - 1-2 years

44,345

Amounts falling due between two and five years:

Debentures - 2-5 years

133,035

133,036

Amounts falling due in more than five years:

Repayable by instalments

Debentures

122,652

165,698

13.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

50,000

Ordinary

£1

50,000

There is a single class of ordinary shares. There are no restrictions on the distribution of dividends and the repayment of capital.

14.

RESERVES

Retained

earnings

£

At 1 April 2024

(207,874

)

Profit for the year

9,603

At 31 March 2025

(198,271

)

15.	ULTIMATE PARENT COMPANY

Brackley Holdings Limited is regarded by the directors as being the company's ultimate parent company.

16.	RELATED PARTY DISCLOSURES

As the company is a wholly owned subsidiary of the group headed by Brackley Holdings Limited (13905769), the company has taken advantage of exemption contained in FRS102 Section 33.1A and has therefore not disclosed transaction or balances with entities which form part of the Group. The consolidated financial statements of Brackley Holdings Limited, within which this company is included can be obtained from the company's registered office which is situated at 27 Eldon Business Park, Attenborough, Nottingham, England, NG9 6DZ.