b'Mercia Asset Management PLC115Annual Report and Accounts 2021On 23 December 2019, the Company increased its investment in its subsidiary company Mercia Fund Management Limited by 16,600,000 comprising a combination of cash and new Ordinary shares. Of the total investment of 16,600,000, 12,400,000 was satisfied by cash and 4,200,000 was satisfied by the issue of 16,800,000 Ordinary shares at a price of 25.0 pence per share. The new shares were admitted to trading on AIM on 27 December 2019.Details of the Companys subsidiary undertakings as at 31 March 2021 are as detailed below.Place ofProportion of incorporation andOrdinary shares Name operation owned Nature of businessMercia Investments Limited England 100% Investment companyMercia Fund Management Limited 1 England 100% Fund management companyEnterprise Ventures Group Limited England 100% Intermediate holding companyEnterprise Ventures Limited England 100% Fund management companyEV Business Loans Group Limited England 100% Intermediate holding companyEV Business Loans Limited England 100% Fund management companyMercia Fund 1 General Partner Limited England 98% General partnerMercia (General Partner) Limited England 100% General partnerMercia Investment Plan LP 2 EnglandLimited partnershipMercia VCT Nominee Limited England 100% Investment companyWM AHSN SME General Partner Limited England 100% General partner Strategic report GovernanceMercia Fund Management (Nominees) Limited England 100% DormantMercia Growth Nominees Limited England 100% DormantMercia Growth Nominees 2 Limited England 100% DormantMercia Growth Nominees 3 Limited England 100% DormantMercia Growth Nominees 4 Limited England 100% DormantMercia Growth Nominees 5 Limited England 100% DormantMercia Growth Nominees 6 Limited England 100% DormantMercia Growth Nominees 7 Limited England 100% DormantMercia Growth Nominees 8 Limited England 100% Dormant Financial statementsMercia Digital Nominees Limited England 100% DormantUGF Nominees Limited England 100% DormantMercia Investment Management Limited England 100% DormantMercia Technologies Limited England 100% Dormant1.The Company owns 100% of Mercia Fund Management Limiteds Ordinary shares and thus has a 100% controlling interest in the subsidiary undertaking. 2.The Company owns 90% of the capital invested in Mercia Investment Plan LP. The companies listed above have their registered offices at Forward House, 17 High Street, Henley-in-Arden, Warwickshire B95 5AA with the exception of Enterprise Ventures Group Limited and its subsidiaries which are registered at Unit F26, Preston Technology Management Centre, Marsh Lane, Preston, Lancashire PR1 8UQ.41. Trade and other receivablesas at As at31 March 31 March2021 2020000 000Amounts falling due within one year:Amounts due from subsidiary undertakings270Other debtors 55 76Prepayments and accrued income 208 184current assets 263 530Amounts falling due after more than one year:Amounts due from subsidiary undertakings 80,000 91,000non-current assets 80,000 91,000Amounts due from subsidiary undertakings are in respect of unsecured, interest-bearing loans. Interest is charged on the principal sum of the loans typically at a rate of 4% and is paid half-yearly. The terms of the loans are such that the earliest date on which Mercia Asset Management PLC can recall a loan is five years from the loan agreement date.'