Strategic Report | Governance | Financial Statements | 219
STATEMENT OF FINANCIAL POSITION OF THE COMPANY as at 31 December 2023
2023 £m
2022 £m
Company number: 08568957
Note
Assets Non-current assets Investments in Group undertakings
855 711
2 3
849
Loans to Group undertakings Property and equipment
1,000
3 1
– 1
Deferred tax
1,570
1,850
Current assets Financial investments
85
4
109
1
Prepayments and accrued income Loans to Group undertakings Amounts due from Group undertakings
1 –
300
3
1
27 11
12
Cash available on demand
399
148
Total assets Equity Share capital Share premium Other reserves Retained earnings
1,969
1,998
104
5 5 6
104
93
93
295 462 954 322
290 476 963 322
Total equity attributable to shareholders of Just Group plc
Tier 1 notes Total equity
1,276
1,285
Liabilities Non-current liabilities Subordinated debt
689
7
703
2
Lease liability
–
691
703
Current liabilities Other payables
2 2
10 10
Total liabilities
693
713
Total equity and liabilities
1,969
1,998
The Company has taken advantage of the exemption in Section 408 of the Companies Act 2006 not to present its own income statement and statement of comprehensive income. The profit arising in the year amounts to £22m (2022: £61m). The financial statements were approved by the Board of Directors on 7 March 2024 and were signed on its behalf by:
MARK GODSON Director
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