15 Investments in Subsidiary undertakings – Company
2022 £’000
Cost
At 1 January 2022 & 31 December 2022
93,264
Net book value
-
31 December 2022 31 December 2021
93,264 93,264
At 31 December 2022 the company had a majority shareholding in the following entities:
Proportion of Ordinary shares held (%)
Country of incorporation
Activity
Undertaking
Holding Company
Whistl Group Holdings Limited
UK*
100
* Registered office at Network House, Third Avenue, Marlow, Buckinghamshire, SL7 1EY. The Directors consider that the value of the investments to be supported by their underlying assets, projections and prospects for the business. See Note 32 for details of all undertakings held by Whistl Group Holdings Limited.
16 Stocks – Group
2022 £’000
2021 £’000
531
Finished goods and goods for resale
473
There is no significant difference between the replacement cost of finished goods and goods for resale and their carrying amounts. Stock recognised as expenses during the period amounted to £3,760,000 (2021: £5,337,000). 17 Debtors
Group 2022 £’000
Company 2022 £’000
Group 2021 £’000
Company 2021 £’000
73,496
- -
Trade debtors
66,431
- -
391 485 416
Deferred Tax (note 21)
1,161
36
Corporation tax receivable
-
41
- -
Other debtors
498
- 1
20,154 94,942
Prepayments and accrued income
16,952 85,042
36
42
Amounts owed by Group undertakings relating to intra Group trading are unsecured, interest free and repayable on demand. An impairment provision of £711,000 (2021: £756,000) was recognised against trade debtors. Group deferred tax includes £nil (2021: £893,000) falling due after more than one year.
Whistl Annual Report 2022
57
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