b'104 Mercia Asset Management PLC Annual Report & Accounts 2022Notes to the consolidated financial statements continued29. Related party transactionsTransactions with DirectorsThe Group considers all members of the Board to be key management and their remuneration is disclosed in the Remuneration Report on page 66. Directors shareholdings in the Group are disclosed on page 67 of the Remuneration Report.30. Ultimate controlling partyThe Group has no single ultimate controlling party.31. Post balance sheet eventsThere have been no material events since 31 March 2022.'