30. DISCLOSURE OF GROUP ACTIVITY
On 31 March 2017 the operating subsidiaries of Accord Housing Association fully amalgamated operations with Accord
Housing Association Limited either by means of a Transfer of Engagements or a Transfer of Business. These transfers have
been incorporated in the year ended 31 March 2017 financial statements of Accord Housing Association Limited using merger
accounting. Accord Group Treasury Limited was not included in this simplification exercise and remains a subsidiary of Accord
Housing Association Limited.
Merger accounting has been adopted to capture the transfer of the assets and liabilities of each of the entities transferring
into Accord Housing Association Limited. Further details are set out in note 33.
As at 31 March 2017 Accord Housing Association Limited’s Group structure comprises:
Subsidiary
% share capital owned
Nature of business
100%
Group Treasury Vehicle
Accord Group Treasury Limited
N/a
Dormant Company
Accord Care Services Limited
Ashram Care Limited
100%
Dormant Company
Social Breakfast
100%
Dormant Company
Direct Health Group Limited
100%
Provision of care services
100%
Provision of care services
Direct Health (UK) Limited*
At Your Service (Care) Limited*
100%
Dormant Company
Domus Healthcare Group Limited**
100%
Dormant Company
Domus Healthcare (East Riding) Limited**
100%
Dormant Company
Domus Healthcare (Oldham) Limited**
100%
Dormant Company
Domus Healthcare (Kirklees and Calderdale) Limited**
100%
Dormant Company
Domus Healthcare (Kirklees) Limited**
100%
Dormant Company
D H Homecare Limited*
100%
Dormant Company
New Bilston Limited
100%
Dormant Company
Following transfers of engagement and transfers of business during 2016/17, as at 31 March 2017 Accord Group Treasury Limited
is the only remaining operational subsidiary of Accord Housing Association Limited. The activities of this subsidiary are not
material to Accord Housing Association Limited and as such group accounts have not been prepared.
Joint ventures and partnerships % share capital owned Nature of business
Matrix Housing Partnership
Health for Living N/a
N/a Strategic development partnership
Health services partnership
All of the above companies are registered in England and Wales.
Where appropriate, shareholdings are reflective of any permitted voting rights.
* Direct Health Group Limited is the immediate parent entity of these subsidiaries.
** Direct Health (UK) Limited is the immediate parent entity of these subsidiaries.
Financial Statements 2017
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