Financial statements Notes to the Parent Company Financial Statements continued For the 52 weeks ended 26 June 2021 4 Investments in subsidiary undertakings continued Dunelm Group plc, the Parent Company, and its subsidiaries (excluding Achica Brand Management Limited) are incorporated and domiciled in the UK. The registered office is Watermead Business Park, Syston, Leicestershire, England, LE7 1AD. Achica Brand Management Limited was incorporated in Cyprus on 27 June 2011 as a private limited liability company under the provisions of the Cyprus Companies Law, Cap. 113. Its registered office is at 28 Oktovriou, 261, View Point Tower, 3035, Limassol, Cyprus. 5 Deferred tax assets Assets 2021 2020 £’m £’m Employee benefits 1.8 0.6 The movement in deferred tax assets is as follows: Balance at Recognised in Recognised in Balance at 30 June 2019 income equity 27 June 2020 £’m £’m £’m £’m Employee benefits 0.2 0.1 0.3 0.6 Balance at Recognised in Recognised in Balance at 28 June 2020 income equity 26 June 2021 £’m £’m £’m £’m Employee benefits 0.6 0.4 0.8 1.8 6 Trade and other receivables 2021 2020 £’m £’m Amounts owed by Group undertakings 478.9 445.6 Amounts owed by subsidiary undertakings are repayable on demand. Interest is charged monthly on all intercompany balances at an annual rate of 2.0%. These amounts pose no liquidity or credit risk as they are owed by other Group undertakings and are expected to be settled by Group transactions. 7 Trade and other payables 2021 2020 £’m £’m Amounts owed to Group undertakings 225.5 196.5 Other taxation and social security 1.1 0.4 226.6 196.9 Amounts owed to subsidiary undertakings are repayable on demand. Interest is charged monthly on all intercompany balances at an annual rate of 2.0%. 222 DUNELM GROUP PLC ANNUAL REPORT & ACCOUNTS 2021