Company registration number 04179402 (England and Wales)
SUPERSTADIUM MANAGEMENT COMPANY LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
SUPERSTADIUM MANAGEMENT COMPANY LIMITED
COMPANY INFORMATION
Directors
Mrs Ebru Atasav Tahranci
Mr Ali Acun Ilicali
Mr Tan Kesler
Company number
04179402
Registered office
MKM Stadium
West Park
Hull
England
HU3 6HU
Auditor
BK Plus Audit Limited
Azzurri House
Walsall Road
Aldridge
Walsall
England
WS9 0RB
SUPERSTADIUM MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2 - 3
Independent auditor's report
4 - 6
Profit and loss account
7
Statement of comprehensive income
8
Balance sheet
9
Statement of changes in equity
10
Statement of cash flows
11
Notes to the financial statements
12 - 17
SUPERSTADIUM MANAGEMENT COMPANY LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2023
- 1 -
The directors present the strategic report for the year ended 30 June 2023.
Review of the business
The company reported a loss during the year of £2,368,080. Fans have been able to attend football or rugby matches, which has increased revenue. This increased activity has resulted in increased matchday costs.
Principal risks and uncertainties
There are a number of risks and uncertainties which could have a material impact of the company's performance. In particular, the company's performance is affected by the success and popularity of the football and rugby teams that occupy the stadium.
The board meets regularly during the year and monitors these risks. The company's focus includes maintaining the stadium so that the conditions are in place to enable the teams to be successful, and allow supporters to enjoy attending football and rugby matches.
The company continues to monitor issues such as health and safety and makes sure practices are in place to protect company employees and stadium visitors.
The company relies upon the support of its ultimate parent company and its group.
Key performance indicators
The directors, in accordance with s. 172, seek to promote the long-term success of the company, and consider the interests of all stakeholders, by regular director meetings and communication, coupled with the substantial experience of the board members and their varied skills.
Future Developments
The success of the company in the future depends on the success of the football and rugby clubs, particularly the former. This is essential to maintain and increase football attendances and attract new sponsors.
Mr Tan Kesler
Director
29 January 2024
SUPERSTADIUM MANAGEMENT COMPANY LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
The directors present their annual report and financial statements for the year ended 30 June 2023.
Principal activities
The principal activity of the company continued to be the operations of a sport arena and stadium.
Results and dividends
The results for the year are set out on page 7.
No ordinary dividends were paid. 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:
Mrs Ebru Atasav Tahranci
Mr Ali Acun Ilicali
Mr Tan Kesler
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 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 UK 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 of disclosure to auditor
So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.
SUPERSTADIUM MANAGEMENT COMPANY LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
On behalf of the board
Mr Tan Kesler
Director
29 January 2024
SUPERSTADIUM MANAGEMENT COMPANY LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SUPERSTADIUM MANAGEMENT COMPANY LIMITED
- 4 -
Opinion
We have audited the financial statements of Superstadium Management Company Limited (the 'company') for the year ended 30 June 2023 which comprise the profit and loss account, the statement of comprehensive income, the balance sheet, the statement of changes in equity, the 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:
give a true and fair view of the state of the company's affairs as at 30 June 2023 and of its loss 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.
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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:
the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
SUPERSTADIUM MANAGEMENT COMPANY LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF SUPERSTADIUM MANAGEMENT COMPANY LIMITED
- 5 -
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 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:
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 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 directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
From the preliminary of the audit, we ensure our understanding of the entity is up to date. This includes, but is not limited to, current knowledge of their activities, the business and control environments, and their compliance with the applicable legal and regulatory frameworks. This information supports our risk identification and the subsequent design of audit procedures to mitigate those risks; ensuring that the audit evidence obtained is sufficient and appropriate to support our opinion.
In response to the risks identified, specific to this entity, we designed procedures which included, but were not limited to:
Enquiry of management and those charged with governance around actual and potential litigation and claims;
Reviewing minutes of meetings of those charged with governance, if available;
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale for significant transactions outside the normal course of business.
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.
SUPERSTADIUM MANAGEMENT COMPANY LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF SUPERSTADIUM MANAGEMENT COMPANY LIMITED
- 6 -
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.
Christopher Hession C.A.
Senior Statutory Auditor
For and on behalf of BK Plus Audit Limited
29 January 2024
Chartered Certified Accountants
Statutory Auditor
Azzurri House
Walsall Road
Aldridge
Walsall
England
WS9 0RB
SUPERSTADIUM MANAGEMENT COMPANY LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2023
- 7 -
2023
2022
Notes
£
£
Turnover
3
4,003,589
3,032,486
Cost of sales
(3,789,486)
(2,569,058)
Gross profit
214,103
463,428
Administrative expenses
(1,781,791)
(1,436,459)
Operating loss
4
(1,567,688)
(973,031)
Interest payable and similar expenses
6
(800,392)
(605,307)
Loss before taxation
(2,368,080)
(1,578,338)
Tax on loss
7
Loss for the financial year
(2,368,080)
(1,578,338)
The profit and loss account has been prepared on the basis that all operations are continuing operations.
SUPERSTADIUM MANAGEMENT COMPANY LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2023
- 8 -
2023
2022
£
£
Loss for the year
(2,368,080)
(1,578,338)
Other comprehensive income
-
-
Total comprehensive income for the year
(2,368,080)
(1,578,338)
SUPERSTADIUM MANAGEMENT COMPANY LIMITED
BALANCE SHEET
- 9 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
8
165,994
5,041
Current assets
Debtors
9
1,023,023
2,024,266
Cash at bank and in hand
211,207
116,549
1,234,230
2,140,815
Creditors: amounts falling due within one year
10
(23,288,892)
(21,666,443)
Net current liabilities
(22,054,662)
(19,525,628)
Net liabilities
(21,888,668)
(19,520,587)
Capital and reserves
Called up share capital
12
100
100
Profit and loss reserves
(21,888,768)
(19,520,687)
Total equity
(21,888,668)
(19,520,587)
The financial statements were approved by the board of directors and authorised for issue on 29 January 2024 and are signed on its behalf by:
Mr Tan Kesler
Director
Company registration number 04179402 (England and Wales)
SUPERSTADIUM MANAGEMENT COMPANY LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023
- 10 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 July 2021
100
(17,942,349)
(17,942,249)
Year ended 30 June 2022:
Loss and total comprehensive income
-
(1,578,338)
(1,578,338)
Balance at 30 June 2022
100
(19,520,687)
(19,520,588)
Year ended 30 June 2023:
Loss and total comprehensive income
-
(2,368,080)
(2,368,080)
Balance at 30 June 2023
100
(21,888,768)
(21,888,668)
SUPERSTADIUM MANAGEMENT COMPANY LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2023
- 11 -
2023
2022
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
15
1,076,450
691,526
Investing activities
Purchase of tangible fixed assets
(181,398)
(6,725)
Proceeds from disposal of tangible fixed assets
6,725
Net cash used in investing activities
(181,398)
-
Financing activities
Interest paid
(800,392)
(605,307)
Net cash used in financing activities
(800,392)
(605,307)
Net increase in cash and cash equivalents
94,660
86,219
Cash and cash equivalents at beginning of year
116,547
30,330
Cash and cash equivalents at end of year
211,207
116,549
SUPERSTADIUM MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 12 -
1
Accounting policies
Company information
Superstadium Management Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is MKM Stadium, West Park, Hull, England, HU3 6HU.
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. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has 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.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), 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.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably.
1.4
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:
Plant and equipment
25% straight line
Fixtures and fittings
20% straight line
Tools and Equipment
33% straight line
Motor vehicles
33% straight line
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 credited or charged to profit or loss.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
SUPERSTADIUM MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 13 -
1.6
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.
Going concern
As disclosed in the note above, the company relies upon the support of the parent company, Acun Medya Holding B.V. The parent company has provided funds to meet all trading obligations and will continue to support the company. In the opinion of the directors it is correct to prepare the accounts on the going concern basis.
SUPERSTADIUM MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 14 -
3
Turnover
2023
2022
£
£
Turnover analysed by class of business
Sales
4,003,589
3,032,486
2023
2022
£
£
Turnover analysed by geographical market
UK
4,003,589
3,032,486
4
Operating loss
2023
2022
Operating loss for the year is stated after charging:
£
£
Exchange losses
526
-
Fees payable to the company's auditor for the audit of the company's financial statements
9,500
7,500
Depreciation of owned tangible fixed assets
20,446
15,893
5
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
231
147
Their aggregate remuneration comprised:
2023
2022
£
£
Wages and salaries
822,212
946,666
Pension costs
13,965
13,008
836,177
959,674
6
Interest payable and similar expenses
2023
2022
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
800,392
605,307
SUPERSTADIUM MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 15 -
7
Taxation
The actual charge for the year can be reconciled to the expected credit for the year based on the profit or loss and the standard rate of tax as follows:
2023
2022
£
£
Loss before taxation
(2,368,080)
(1,578,338)
Expected tax credit based on the standard rate of corporation tax in the UK of 25.00% (2022: 19.00%)
(592,020)
(299,884)
Tax effect of expenses that are not deductible in determining taxable profit
5,171
930
Unutilised tax losses carried forward
682,159
336,030
Permanent capital allowances in excess of depreciation
(95,310)
(37,076)
Taxation charge for the year
-
-
8
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Tools and Equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 July 2022
1,715,831
3,361,006
113,108
5,789
5,195,734
Additions
93,194
31,714
56,490
181,398
At 30 June 2023
1,809,025
3,392,720
169,598
5,789
5,377,132
Depreciation and impairment
At 1 July 2022
1,713,898
3,361,006
110,000
5,789
5,190,693
Depreciation charged in the year
9,493
10,953
20,446
At 30 June 2023
1,723,390
3,361,006
120,953
5,789
5,211,139
Carrying amount
At 30 June 2023
85,635
31,714
48,645
165,994
At 30 June 2022
1,933
3,108
5,041
SUPERSTADIUM MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 16 -
9
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
507,048
755,905
Amounts owed by group undertakings
352,663
Other debtors
116,280
162,813
Prepayments and accrued income
399,695
752,885
1,023,023
2,024,266
10
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
637,835
1,887,589
Amounts owed to group undertakings
22,236,211
19,202,193
Taxation and social security
25,814
16,998
Other creditors
68,837
253,175
Accruals and deferred income
320,195
306,488
23,288,892
21,666,443
11
Retirement benefit schemes
2023
2022
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
13,965
13,008
The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.
12
Share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
13
Related party transactions
Transactions with related parties
During the year the company entered into the following transactions with related parties:
Included in creditors are amounts owed to group undertakings to Hull City Tigers Limited of £22,236,211 (2022: £19,202,193). Hull City Tigers is a group company. At the year end it had net liabilities of £13,242,121 (2022: £8,024,029) and made a loss for the year of £5,218,112 (2022: £14,175,817 profit).
SUPERSTADIUM MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 17 -
14
Ultimate controlling party
The parent company is Superstadium Holdings Limited, a company incorporated in Great Britain and registered in England and Wales. The ultimate parent company is Acun Medya Holding BV, a company registered in Netherlands, under the company number 67477801.
The companies are ultimately controlled by Ali Acun Ilicali.
15
Cash generated from operations
2023
2022
£
£
Loss for the year after tax
(2,368,080)
(1,578,338)
Adjustments for:
Finance costs
800,392
605,307
Depreciation and impairment of tangible fixed assets
20,446
15,893
Movements in working capital:
Decrease/(increase) in debtors
1,001,243
(1,504,987)
Increase in creditors
1,622,449
3,153,651
Cash generated from operations
1,076,450
691,526
16
Analysis of changes in net funds
1 July 2022
Cash flows
30 June 2023
£
£
£
Cash at bank and in hand
116,547
94,660
211,207
2023-06-302022-07-01falseCCH SoftwareCCH Accounts Production 2023.300Mrs Ebru Atasav TahranciMr Ali Acun IlicaliMr Tan Keslerfalse041794022022-07-012023-06-3004179402bus:Director12022-07-012023-06-3004179402bus:Director22022-07-012023-06-3004179402bus:Director32022-07-012023-06-3004179402bus:RegisteredOffice2022-07-012023-06-30041794022023-06-30041794022021-07-012022-06-3004179402core:RetainedEarningsAccumulatedLosses2021-07-012022-06-3004179402core:RetainedEarningsAccumulatedLosses2022-07-012023-06-3004179402core:PlantMachinery2023-06-3004179402core:FurnitureFittings2023-06-3004179402core:ComputerEquipment2023-06-3004179402core:MotorVehicles2023-06-3004179402core:FurnitureFittings2022-06-3004179402core:ComputerEquipment2022-06-3004179402core:MotorVehicles2022-06-30041794022022-06-3004179402core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3004179402core:CurrentFinancialInstrumentscore:WithinOneYear2022-06-3004179402core:CurrentFinancialInstruments2023-06-3004179402core:CurrentFinancialInstruments2022-06-3004179402core:ShareCapital2023-06-3004179402core:ShareCapital2022-06-3004179402core:RetainedEarningsAccumulatedLosses2023-06-3004179402core:ShareCapital2021-06-30041794022022-06-30041794022021-06-3004179402core:PlantMachinery2022-07-012023-06-3004179402core:FurnitureFittings2022-07-012023-06-3004179402core:ComputerEquipment2022-07-012023-06-3004179402core:MotorVehicles2022-07-012023-06-3004179402core:UKTax2022-07-012023-06-3004179402core:UKTax2021-07-012022-06-3004179402core:PlantMachinery2022-06-3004179402core:FurnitureFittings2022-06-3004179402core:ComputerEquipment2022-06-3004179402core:MotorVehicles2022-06-3004179402bus:PrivateLimitedCompanyLtd2022-07-012023-06-3004179402bus:FRS1022022-07-012023-06-3004179402bus:Audited2022-07-012023-06-3004179402bus:FullAccounts2022-07-012023-06-30xbrli:purexbrli:sharesiso4217:GBP