Financial Statements 2019/2020


MIDDLESEX UNIVERSITY NOTES TO THE ACCOUNTS (continued)


Year Ended 31 July 2020 16. NON-CURRENT INVESTMENTS Year ended 31 July 2020


Investment in subsidiary companies Other investments


Notes a.


b.


Consolidated £’000


–


36 36


a. Investment in subsidiary companies


The Board believe that the carrying value of the investments in trading subsidiary companies is supported by the subsidiary company net assets and/or their business plans. Investments in the subsidiary companies are stated at cost less impairment. The University holds a £2m provision against MU Ventures Limited (2019: £2m) and a £4k provision against Middlesex University (Malta) Limited (2019: £4k). Details of the subsidiary companies are shown in note 30.


b. Other investments Other investments have been valued at historical cost value and consists of:


Consolidated and University £’000


Shares in CVCP Properties plc


36 36


CVCP Properties plc is a company owned by 135 UK university institutions, whose executive heads (Vice-Chancellors or Principals) are members of Universities UK. Universities UK is the representative organisation for the United Kingdom’s universities.


17. STOCK Year ended 31 July 2020


Consolidated £’000


Research grants and contracts – work in progress


3 3


University £’000


3 3


Year ended 31 July 2019


Consolidated £’000


4 4


University £’000


4 4


University £’000


25 36 61


Year ended 31 July 2019


Consolidated £’000


–


36 36


University £’000


25 36 61


Middlesex University


113


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