Core Health & Fitness Trading Limited - Limited company accounts 18.2

REGISTERED NUMBER: 03945058 (England and Wales)

CORE HEALTH & FITNESS TRADING LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

DIRECTORS:

R C Brown

A Message

REGISTERED OFFICE:

Unit 4, The Gateway Centre

Coronation Road

Cressex Business Park

High Wycombe

Buckinghamshire

HP12 3SU

REGISTERED NUMBER:

03945058 (England and Wales)

AUDITORS:

Wilkins Kennedy Audit Services

Statutory Auditor

Anglo House

Bell Lane Office Village

Bell Lane

Amersham

Buckinghamshire

HP6 6FA

The directors present their strategic report for the year ended 31 December 2018.

REVIEW OF BUSINESS

2018

2017

2016

2015

£

£

£

£

Revenue

22,810,058

24,562,566

20,252,335

17,421,560

Profit/(loss) before tax

564,701

581,641

506,784

573,784

Net assets/(liabilities)

(1,027,846)

(1,468,463)

(1,934,525)

(2,306,847)

Core Health & Fitness Trading Limited continues to achieve success in turning its business operations around

despite a 7.1% drop in turnover in 2018. This was attributable to certain key accounts not buying the volumes

expected and investing in our products outside the EMEA region. Despite the drop in turnover there was

positive news with the dealer volumes in the UK, opportunities in Europe and Middle East.

We have benefited further from investment in people in key roles and continue to build upon this to grow the

business in 2018 and beyond. As a business we continually seek to develop & evolve our relationships with

our Customers & Distributors, becoming true business partners. 2019 is expected to be an exciting year with

several new commercial & consumer models coming on track.

In 2018 our Global; corporate theme is "Delighting the Customer, both internally & externally, cross

functionally". This continues into 2019. The Seven Core values play to win, keep score, own it, change it up,

all in, find a way and speak up continue to guide and inform our relationships.

KEY PERFORMANCE INDICATORS

In 2018 we continued to enhance customer experience, and ongoing promotion of our brands reflects a

company that is easy to do business with. We continue to work hard on our objective of delivering "best in

class" service levels. Our success of this has been measured by continued monitoring of our time to service

which is current at 1.39 days in line with 2017. This has been enhanced by the introduction of a new customer

portal in 2018 - Core Connect.

We continue to review our channel performance to ensure we match return and investment.

2018 saw the first of the Customer Scorecard review meetings. These quarterly meetings, using agreed,

metrics have provided strong platforms for informed debate and future planning. Metrics include percentage

of on time & complete shipments to the customer and average order lead times.

POSITION OF THE COMPANY AT THE YEAR END

Core Health & Fitness has successfully built a solid foundation from which to take the business forward. We

will continue to be a company that will bring innovation in products to market together with strong business

solutions to support the business success of our customers. We continued to be an innovative player within

the fitness equipment market. These objectives will be supported by our continual focus to build strong,

strategic and beneficial relationships within the EMEA fitness sector operators.

PRINCIPAL RISKS AND UNCERTAINTIES

The key risks and uncertainties surrounding the company at the end of 2018, moving into 2019 can be

identified as follows:

Brexit:

The business imports all its product requirements for the EMEA region into Holland from factories both in

China & the US; consequently, the Directors see the key unmitigated risk currently as the importation of

product into the UK Market. Active dialogue with the company's advisors has been the main source of this

risk's mitigation.

Competition & Price Sensitivity:

The size of the UK fitness market is growing, and we see growth in planned investment by the fitness industry

through 2019. However, the market continues to see a consolidation of purchasing power. Our Key Account

business continues to develop as we develop existing relationships and our success in this market puts us in

a stronger position to develop our market positioning through 2019. The business also continues to leverage

US customer expansion into the region.

Across EMEA, we operate through a network of distributors. Whilst there are specific areas and countries

where the fitness industry is expanding, there are of course also challenges around some economic and

political environments across the region. The restructure of our distribution network, together with a vastly

improved product portfolio positions us well to drive the business forward.

Legislation:

Currently, In the UK and the EU, products must be manufactured and comply with all current EU Standards.

Likewise, our employee contracts are also governed by EU legislation.

The business is actively watching the process of Brexit and will proactively adapt in both areas, as required, to

support our existing and future customer bases in EMEA.

ON BEHALF OF THE BOARD:

A Message - Director

24 April 2019

The directors present their report with the financial statements of the company for the year ended 31 December 2018.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of supply and maintenance of fitness

equipment.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2018.

FUTURE DEVELOPMENTS

The directors look forward to increasing growth in the coming years and an increase in profitability.

DIRECTORS

R C Brown has held office during the whole of the period from 1 January 2018 to the date of this report.

Other changes in directors holding office are as follows:

D L Grosz - resigned 28 December 2018

A Message - appointed 28 December 2018

FINANCIAL INSTRUMENTS

The company's principal financial instruments comprise bank balances, trade creditors, trade debtors, and

loans to the company. The main purpose of these instruments is to raise funds for the company's operations

and to finance the company's operations.

Due to the nature of the financial instruments used by the company there is no exposure to price risk. The

company's approach to managing other risks applicable to the financial instruments concerned is shown

below.

In respect of bank balances the liquidity risk is managed by maintaining a balance between the continuity of

funding and the flexibility through the use of overdrafts at floating rates of interest. The company makes use

of money market facilities where funds are available.

The company manages the liquidity risk by ensuring that there are sufficient funds to meet the payments. The

director is aware of the company's required finance and has determined that these will only be repaid, in

whole or in part, when finance is available.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to

customers and the regular monitoring of amounts outstanding for both time and credit limits.

The liquidity risk of trade creditors is managed by ensuring that sufficient funds are available to meet amounts

due.

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

Pursuant to Section 487 of the Companies Act 2006, the auditor will be deemed to be reappointed and

Wilkins Kennedy Audit Services will therefore continue in office.

ON BEHALF OF THE BOARD:

A Message - Director

24 April 2019

Opinion

We have audited the financial statements of Core Health & Fitness Trading Limited (the 'company') for the

year ended 31 December 2018 which comprise the Statement of Comprehensive Income, Balance Sheet,

Statement of Changes in Equity and 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 December 2018 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

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to

report to you where:

-	the directors' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

-

the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

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 there is a

material misstatement in the financial statements or a material misstatement of the other information. 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.

Opinion 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 five, 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.

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 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.

David Green MA (Cantab) ACA (Senior Statutory Auditor)

for and on behalf of Wilkins Kennedy Audit Services

Statutory Auditor

Anglo House

Bell Lane Office Village

Bell Lane

Amersham

Buckinghamshire

HP6 6FA

24 April 2019

TURNOVER

3

22,810,058

24,562,566

Cost of sales

(18,260,656

)

(20,468,547

)

GROSS PROFIT

4,549,402

4,094,019

Administrative expenses

(3,984,701

)

(3,512,378

)

OPERATING PROFIT and

PROFIT BEFORE TAXATION

564,701

581,641

Tax on profit

6

(124,084

)

(115,579

)

PROFIT FOR THE FINANCIAL YEAR

440,617

466,062

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

440,617

466,062

FIXED ASSETS

Tangible assets

7

51,760

56,582

Investments

8

2

2

51,762

56,584

CURRENT ASSETS

Stocks

9

327,854

629,219

Debtors

10

6,118,272

4,673,121

Cash at bank

475,120

261,078

6,921,246

5,563,418

CREDITORS

Amounts falling due within one year

11

(6,742,283

)

(5,709,688

)

NET CURRENT ASSETS/(LIABILITIES)

178,963

(146,270

)

TOTAL ASSETS LESS CURRENT LIABILITIES

230,725

(89,686

)

CREDITORS

Amounts falling due after more than one year

12

(1,258,571

)

(1,378,777

)

NET LIABILITIES

(1,027,846

)

(1,468,463

)

CAPITAL AND RESERVES

Called up share capital

14

1,401,000

1,401,000

Retained earnings

15

(2,428,846

)

(2,869,463

)

SHAREHOLDERS' FUNDS

(1,027,846

)

(1,468,463

)

The financial statements were approved by the Board of Directors on 24 April 2019 and were signed on its behalf by:

A Message - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2017

1,401,000

(3,335,525

)

(1,934,525

)

Changes in equity

Total comprehensive income

-

466,062

466,062

Balance at 31 December 2017

1,401,000

(2,869,463

)

(1,468,463

)

Changes in equity

Total comprehensive income

-

440,617

440,617

Balance at 31 December 2018

1,401,000

(2,428,846

)

(1,027,846

)

1.	GENERAL INFORMATION

Core Health & Fitness Trading Limited is a private company, limited by shares, registered in England

and Wales. The company's registered number and registered office address can be found on the

Company Information page.

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.

The financial statements are presented in sterling (£) which is also the functional currency for the

company.

Going concern

The company is receiving continued support from its parent company, who have confirmed that this

support will continue for a period of not less than 12 months from the date of approval of these

financial statements. Therefore the directors continue to adopt the going concern basis of accounting

in preparing the financial statements.

Financial reporting standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial

statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and

Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of Section 33 Related Party Disclosures paragraph 33.7.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and

value added taxes. Turnover includes revenue earned from the sale of good and services.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of

the goods has transferred to the buyer. This is usually at the point that the customer has signed for the

delivery of the goods.

Sale of services

Turnover from the sale of services is recognised in accordance with performance of the terms of the

contractual agreements with the customers.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation and accumulated

impairment losses.

At each reporting date, tangible assets are reviewed to determine whether there is any indication that

those assets have suffered an impairment loss. If there is an indication of possible impairment, the

recoverable amount of any affected asset is estimated and compared with its carrying amount. If the

estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable

amount, and an impairment loss is recognised immediately in the statement of comprehensive income.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the

revised estimate of its recoverable amount, but not in excess of the amount that would have been

determined had no impairment loss been recognised for the asset in prior years. A reversal of

impairment is recognised immediately in the statement of comprehensive income.

Depreciation has been computed to write off the cost of all tangible fixed assets over their useful

expected lives using the following rates:

Improvements to property - straight line over the life of the lease

Fixtures and fittings - 33% on cost and 20% on cost

Computer equipment - 33% on cost and 20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stock have been valued at the lower of cost and the estimated selling price less costs to sell.

Taxation

Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the

current or past reporting periods using tax rates that have been enacted or substantively enacted by

the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax

losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against future taxable profits or against the reversal of deferred tax liabilities.

Deferred tax is calculated using tax rates that have been enacted or substantively enacted by the

reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Transactions in foreign currencies are initially recorded in the entity's functional currency by applying

the spot exchange rate ruling at the date of the transaction. Monetary assets and liabilities

denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet

date. All resulting exchange differences are recognised in other comprehensive income.

Hire purchase and leasing commitments

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the

risks and rewards of ownership of the leased asset to the company. All other leases are classified as

operating leases.

Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet and

are depreciated over the shorter of the lease term and the asset's useful lives.

Rentals payable under operating leases are charged in the statement of comprehensive income on a

straight line basis over the lease term. Lease incentives are recognised over the lease term on a

straight line basis.

Deferred warranty revenue

Deferred warranty revenue relates to future revenue arising from payments received for extended

warranty and is recognised on a straight line basis over the life of the service provided. Costs related to

servicing the extended warranty plan are expensed as incurred.

Debtors

Trade and other debtors are measured at transaction price less any impairment unless the

arrangement constitutes a financing transaction in which case the transaction is measured at the

present value of the future receipts discounted at the prevailing market rate of interest. Loans are

initially measured at fair value and are subsequently measured at amortised cost using the effective

interest method less any impairment.

Creditors

Trade and other creditors are measured at their transaction price unless the arrangement constitutes a

financing transaction in which case the transaction is measured at present value of future payments

discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair

value net of their transaction costs. They are subsequently measured at amortised cost using the

effective interest method.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term

deposits with an original maturity date of three months or less. For the purpose of the consolidated

cash flow statement, cash and cash equivalents consist of cash and cash equivalents as defined

above, net of outstanding bank overdrafts.

Employee benefits

Short term employee benefits, including holiday entitlement, other non-monetary benefits and

contributions to defined contribution plans are recognised as an expense in the period in which they

are incurred.

The company recognises an accrual for accumulated annual leave accrued by employees as a result

of services rendered in the current period for which employees can carry forward and use within the

next year. The accrual is measured at the salary cost of the respective employee in relation to the

period of absence.

Judgements and key sources of estimation uncertainty

The preparation of financial statements requires management to make judgements, estimates and

assumptions about the carrying values of assets and liabilities that are not readily apparent from other

sources. The estimates and underlying 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 a continuing basis. Revisions to

accounting estimates are recognised in the period in which the estimate is revised if the revision

affects only that period, or in the period of the revision and future periods if the revision affects both

current and future periods.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2018

2017

£

£

UK

6,677,743

7,528,869

Europe

13,285,615

13,837,961

Rest of the world

2,846,700

3,195,736

22,810,058

24,562,566

4.	EMPLOYEES AND DIRECTORS

2018

2017

£

£

Wages and salaries

2,216,867

2,262,874

Social security costs

243,020

247,341

Other pension costs

104,601

93,634

2,564,488

2,603,849

The average number of employees during the year was as follows:

2018

2017

Administration and sales

41

44

Pension costs included in the accounts were made to a money purchase defined contribution scheme

administered and managed by a recognised pension provider. The amount charged in the accounts

was £104,601 (2017: £93,634). At the year end there was £35,674 (2017: £21,459) payable.

2018

2017

£

£

Directors' remuneration

-

-

5.	OPERATING PROFIT

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

2018

2017

£

£

Hire of plant and machinery

2,342

4,789

Depreciation - owned assets

26,524

23,533

Profit on disposal of fixed assets

(410

)

-

Auditors' remuneration

24,996

19,000

Auditors' remuneration for non audit work

7,680

6,135

Foreign exchange differences

113,188

(112,405

)

6.

TAXATION

Analysis of the tax charge

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

2018

2017

£

£

Current tax:

UK corporation tax

124,084

121,650

Deferred tax

-

(6,071

)

Tax on profit

124,084

115,579

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The

difference is explained below:

2018

2017

£

£

Profit before tax

564,701

581,641

Profit multiplied by the standard rate of corporation tax in the UK of 19% (2017 - 19.250%)

107,293

111,966

Effects of:

Non deductible expenses

14,236

14,634

Capital allowances (in excess of)/less than depreciation

43

1,484

Tax losses utilised

-

(1,537

)

Deferred tax movement

-

(6,071

)

Unprovided tax

2,512

(4,897

)

Total tax charge

124,084

115,579

7.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2018

112,866

6,460

99,564

218,890

Additions

-

-

21,702

21,702

Disposals

-

-

(4,276

)

(4,276

)

At 31 December 2018

112,866

6,460

116,990

236,316

DEPRECIATION

At 1 January 2018

100,866

6,408

55,034

162,308

Charge for year

3,999

52

22,473

26,524

Eliminated on disposal

-

-

(4,276

)

(4,276

)

At 31 December 2018

104,865

6,460

73,231

184,556

NET BOOK VALUE

At 31 December 2018

8,001

-

43,759

51,760

At 31 December 2017

12,000

52

44,530

56,582

8.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2018

and 31 December 2018

2

NET BOOK VALUE

At 31 December 2018

2

At 31 December 2017

2

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Star Trac Europe Limited

Registered office: Unit 4 The Gateway Centre, Coronation Road, Cressex Business Park, High Wycombe, HP12 3SU

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

2018

2017

£

£

Aggregate capital and reserves

2

2