0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 589,091 600 589,691 589,691 589,091 xbrli:pure xbrli:shares iso4217:GBP 13814811 2023-01-01 2023-12-31 13814811 2023-12-31 13814811 2022-12-31 13814811 2021-12-22 2022-12-31 13814811 2022-12-31 13814811 2021-12-21 13814811 bus:Director1 2023-01-01 2023-12-31 13814811 bus:Director4 2023-01-01 2023-12-31 13814811 core:WithinOneYear 2023-12-31 13814811 core:WithinOneYear 2022-12-31 13814811 core:AfterOneYear 2023-12-31 13814811 core:AfterOneYear 2022-12-31 13814811 core:ShareCapital 2023-12-31 13814811 core:ShareCapital 2022-12-31 13814811 core:RetainedEarningsAccumulatedLosses 2023-12-31 13814811 core:RetainedEarningsAccumulatedLosses 2022-12-31 13814811 bus:Director4 2022-12-31 13814811 bus:Director4 2023-12-31 13814811 bus:Director4 2022-12-31 13814811 bus:Director4 2021-12-22 2022-12-31 13814811 bus:SmallEntities 2023-01-01 2023-12-31 13814811 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13814811 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13814811 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13814811 bus:FullAccounts 2023-01-01 2023-12-31 13814811 core:AssetsNotYetAvailableForUseIntangibles 2022-12-31 13814811 core:AssetsNotYetAvailableForUseIntangibles 2023-01-01 2023-12-31 13814811 core:AssetsNotYetAvailableForUseIntangibles 2023-12-31
COMPANY REGISTRATION NUMBER: 13814811
Parrett Q&S Holdings Ltd
Filleted Unaudited Financial Statements
31 December 2023
Parrett Q&S Holdings Ltd
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Intangible assets
4
589,691
589,091
Current assets
Debtors
5
211,386
164,378
Cash at bank and in hand
29,254
197,388
---------
---------
240,640
361,766
Creditors: amounts falling due within one year
6
120,690
213,844
---------
---------
Net current assets
119,950
147,922
---------
---------
Total assets less current liabilities
709,641
737,013
Creditors: amounts falling due after more than one year
7
681,985
681,985
---------
---------
Net assets
27,656
55,028
---------
---------
Capital and reserves
Called up share capital
55,300
55,300
Profit and loss account
( 27,644)
( 272)
--------
--------
Shareholders funds
27,656
55,028
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Parrett Q&S Holdings Ltd
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 25 September 2024 , and are signed on behalf of the board by:
Mr P J Nicholls
Mr A Lawrence
Director
Director
Company registration number: 13814811
Parrett Q&S Holdings Ltd
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Half Century House, St Ediths, Stanton St Quintin, Chippenham, Wiltshire, SN14 6AB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Intangible assets
Investments
£
Cost
At 1 January 2023
589,091
Additions
600
---------
At 31 December 2023
589,691
---------
Amortisation
At 1 January 2023 and 31 December 2023
---------
Carrying amount
At 31 December 2023
589,691
---------
At 31 December 2022
589,091
---------
5. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
178,886
131,878
Other debtors
32,500
32,500
---------
---------
211,386
164,378
---------
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
60,000
100,001
Other creditors
60,690
113,843
---------
---------
120,690
213,844
---------
---------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
681,985
681,985
---------
---------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr A Lawrence
( 105,183)
75,833
( 30,500)
( 59,850)
---------
--------
--------
--------
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr A Lawrence
150
( 105,333)
( 105,183)
----
----
---------
---------