b'CHP financial statements 2020/2021Notes to the financial statements 16Investments in subsidiaries18Debtors The investments in subsidiaries are as follows. Debtors with no stated interest rate and receivable orFinancial assets comprise trade and other debtors, cash payable within one year are recorded at transaction price.and cash equivalents and loan balances. Financial assets We have planned with individuals for arrears paymentsare assessed for impairment at each reporting date Name of subsidiary Myriad Capital PLC Myriad Homes Ltd Myriad Housing Ltd of rent and service charges and these arrangements areusing the lifetime expected credit loss model. Lifetime Principal activities of subsidiary Investment Sales Design & Build effectively loans granted at nil interest rate.expected credit losses are recognised where there has been a significant increase in credit risk since initial recognition, otherwise 12 months expected credit losses are recognised. Ownership percentage 100 100 100 GroupCompanyOwnership of incorporation United Kingdom United Kingdom United Kingdom 2020/2021 2020/2021a) On lend to subsidiaries2019/20202019/2020 At 31 March 2020 50,000 100 100 000 000 000 000At 31 March 2019 50,000 100 100 Lending to Myriad Housing Ltd - - 315 180 Lending to Myriad Homes Ltd - - 1,837 - Investments are shown as an equity investment and recognised at cost less impairment provision.- - 2,152180 GroupCompany17Properties for sale2020/2021 2020/2021b) Debtors2019/20202019/2020 Properties for sale are carried at cost less impairment provision. Cost includes all statutory and professional fees relating000 000 000 000to the acquisition of a property, obtaining planning consents, legal fees and the costs of construction and redevelopment. Finance costs are capitalised within the cost of properties for sale.Due within one yearRents and service charges receivable 1,1531,1241,153 1,124 GroupCompany Less: Provision for bad and doubtful debts (535)(509)(535)(509) 2020/2021 2019/20202020/2021 2019/2020618615618615 000 000 000 000 Other debtors 168231133203 Shared ownership properties under construction 3,368 3,2133,368 3,213Prepayments and accrued income 1,2951,3131,2951,313 Completed shared ownership properties 1,1871,8631,1871,863Amount owed by other Group companies 71 4,5555,0764,5555,0762,0812,1592,0532,132 The Group assesses at each year end whether anythe statement of comprehensive income. When the impairment is required. This assessment is made bycircumstances that previously caused an impairment no comparing the carrying amount with its selling price lesslonger exists or there is clear evidence of an increase in costs to complete and sell. Selling price is calculatedselling price, the amount of the impairment would be by estimating the likely end sales value of completedreversed so that the new carrying amount is the lower of developments less all necessary future development andthe cost and the revised selling price less costs to complete disposal costs. If there is an impairment, the carryingand sell. amount is reduced to the selling price less costs; the resulting impairment loss is recognised immediately in 74 75'