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Company Registration No. 07535196 (England and Wales)
THE ESSENTIAL PARENT COMPANY LIMITED Unaudited accounts for the year ended 28 February 2023
THE ESSENTIAL PARENT COMPANY LIMITED Unaudited accounts Contents
Page
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THE ESSENTIAL PARENT COMPANY LIMITED Company Information for the year ended 28 February 2023
Directors
Rebecca Chicot Adrian Downing Diana Hill
Company Number
07535196 (England and Wales)
Registered Office
ST JOHN'S INNOVATION CENTRE COWLEY ROAD CAMBRIDGE CB4 0WS
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THE ESSENTIAL PARENT COMPANY LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
13,935 
3,735 
Cash at bank and in hand
16,362 
16,736 
30,297 
20,471 
Creditors: amounts falling due within one year
(354,413)
(715,862)
Net current liabilities
(324,116)
(695,391)
Total assets less current liabilities
(324,116)
(695,391)
Creditors: amounts falling due after more than one year
(77,024)
(192,454)
Net liabilities
(401,140)
(887,845)
Capital and reserves
Called up share capital
(6,306)
(6,306)
Share premium
1,453,569 
1,453,569 
Profit and loss account
(1,848,403)
(2,335,108)
Shareholders' funds
(401,140)
(887,845)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by
Diana Hill Director Company Registration No. 07535196
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THE ESSENTIAL PARENT COMPANY LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
THE ESSENTIAL PARENT COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07535196. The registered office is ST JOHN'S INNOVATION CENTRE, COWLEY ROAD, CAMBRIDGE, CB4 0WS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2022
7,081 
At 28 February 2023
7,081 
Depreciation
At 1 March 2022
7,081 
At 28 February 2023
7,081 
Net book value
At 28 February 2023
- 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,800 
3,600 
Other debtors
135 
135 
13,935 
3,735 
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THE ESSENTIAL PARENT COMPANY LIMITED Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
36,435 
738 
Trade creditors
23,395 
40,422 
Amounts owed to group undertakings and other participating interests
176,675 
2,500 
Taxes and social security
15,869 
3,047 
Non-equity preference shares
- 
646,314 
Other creditors
- 
2,351 
Loans from directors
2,000 
20,490 
Accruals
2,500 
- 
Deferred income
97,539 
- 
354,413 
715,862 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Non-equity preference shares
77,024 
192,454 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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