| minimum capital and reserves requirement | | | | | |
+-----------------------------------------+--------+--+--------+--+--+--------+--+--------+
Parent company balance sheet
+----+--------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| At 31 December 2008 | | | | | | | | | |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| | | | | | | | | | | |
+----+--------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| | | | | Notes | | | | 2008 | | 2007 |
+----+--------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| | | | | | | | GBP000 | | GBP000 |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Assets | | | | | | | | | |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Investment in subsidiaries | | | 41 | | | | 4,072 | | 909 |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Trade and other receivables | | | 42 | | | | 3,311 | | 871 |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Cash and cash equivalents | | | 43 | | | | 1,059 | | 3,328 |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| | | | | | | | | | | |
+----+--------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Total assets | | | | | | | 8,442 | | 5,108 |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| | | | | | | | | | | |
+----+--------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Liabilities | | | | | | | | | |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Trade and other creditors | | | 44 | | | | 72 | | 11 |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| | | | | | | | | | | |
+----+--------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Total liabilities | | | | | | | 72 | | 11 |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| | | | | | | | | | | |
+----+--------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Equity | | | | | | | | | |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Share capital | | | 30 | | | | 1,000 | | 1,000 |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Share premium | | | 45 | | | | 3,539 | | 3,539 |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Retained earnings | | | 45 | | | | 3,618 | | 500 |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Capital redemption reserve | | | 45 | | | | 50 | | 50 |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Equity settled share incentive reserve | | | 45 | | | | 163 | | 8 |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| | | | | | | | | | | |
+----+--------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Total shareholders' equity | | | | | | | 8,370 | | 5,097 |
+----+--------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
The financial statements were approved by the Board of directors and authorised
for issue on 25 March 2009. They were signed on its behalf by:
Colin Davison Chris Ward
Group Chief Executive Group Managing Director
Parent company cash flow statement
+----+--------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| For the year ended 31 December 2008 | | | | | | | | | |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| | | | | Notes | | | | 2008 | | 2007 |
+----+--------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| | | | | | | | | GBP | | GBP |
+----+--------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| | | | | | | | | | | |
+----+--------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Cash generated by/(used in) operations | | | 47 | | | | 2,057 | | (345) |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| | | | | | | | | | | |
+----+--------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Interest received | | | | | | | 182 | | 35 |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Net cash from/(used in) operating activities | | | | | | | 2,239 | | (310) |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| | | | | | | | | | | |
+----+--------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Investing activities | | | | | | | | | |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Purchases of financial investments | | | | | | | (3,000) | | (909) |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Net cash used in investing activities | | | | | | | (3,000) | | (909) |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| | | | | | | | | | | |
+----+--------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Financing activities | | | | | | | | | |
+-------------------------------------------------------+----------+-+----------+-+----------+-+----------+-+----------+
| Equity dividend paid | | | | | | | (1,500) | | - | |