Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsefalseNo description of principal activity2023-04-01false99trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06307553 2023-04-01 2024-03-31 06307553 2024-03-31 06307553 2022-04-01 2023-03-31 06307553 2023-03-31 06307553 c:Director1 2023-04-01 2024-03-31 06307553 c:Director2 2023-04-01 2024-03-31 06307553 c:Director3 2023-04-01 2024-03-31 06307553 c:Director4 2023-04-01 2024-03-31 06307553 c:RegisteredOffice 2023-04-01 2024-03-31 06307553 c:Agent1 2023-04-01 2024-03-31 06307553 d:PlantMachinery 2023-04-01 2024-03-31 06307553 d:PlantMachinery 2024-03-31 06307553 d:PlantMachinery 2023-03-31 06307553 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06307553 d:CurrentFinancialInstruments 2024-03-31 06307553 d:CurrentFinancialInstruments 2023-03-31 06307553 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06307553 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06307553 d:ShareCapital 2024-03-31 06307553 d:ShareCapital 2023-03-31 06307553 d:RetainedEarningsAccumulatedLosses 2024-03-31 06307553 d:RetainedEarningsAccumulatedLosses 2023-03-31 06307553 c:FRS102 2023-04-01 2024-03-31 06307553 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06307553 c:FullAccounts 2023-04-01 2024-03-31 06307553 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06307553 d:WithinOneYear 2024-03-31 06307553 d:WithinOneYear 2023-03-31 06307553 d:BetweenOneFiveYears 2024-03-31 06307553 d:BetweenOneFiveYears 2023-03-31 06307553 4 2023-04-01 2024-03-31 06307553 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 06307553







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


PARALLEL BUSINESS CENTRES LIMITED






































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PARALLEL BUSINESS CENTRES LIMITED
 


 
COMPANY INFORMATION


Directors
Malcolm Young 
Sandra Young 
Julian Munday 
Sandra Leslie 




Registered number
06307553



Registered office
Parallel House
32 London Road

Guildford

Surrey

GU1 2AB




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG




Bankers
Barclays Bank Plc
Ground Floor

Tagus House

Ocean Way

Southampton

SO14 2ZP




Solicitors
Charles Russell Speechlys LLP
One London Square

Cross Lanes

Guildford

Surrey

GU1 1UN





 


PARALLEL BUSINESS CENTRES LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


PARALLEL BUSINESS CENTRES LIMITED
REGISTERED NUMBER:06307553



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
14,170
17,738

  
14,170
17,738

Current assets
  

Debtors: amounts falling due within one year
 5 
85,534
133,380

Cash at bank and in hand
  
50
50

  
85,584
133,430

Creditors: amounts falling due within one year
 6 
(495,103)
(451,577)

Net current liabilities
  
 
 
(409,519)
 
 
(318,147)

Total assets less current liabilities
  
(395,349)
(300,409)

  

Net liabilities
  
(395,349)
(300,409)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(395,350)
(300,410)

  
(395,349)
(300,409)


Page 1

 


PARALLEL BUSINESS CENTRES LIMITED
REGISTERED NUMBER:06307553


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
Julian Munday
................................................
Sandra Leslie
Director
Director


Date: 15 October 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


PARALLEL BUSINESS CENTRES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Parallel Business Centres Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office, which is also the principal place of business, is disclosed on the company information page.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At 31 March 2024 the company's liabilities exceeded its assets.
The directors remain confident in the going concern status of the entity. The company is a subsidiary of the Wilky Group Limited. The company is reliant upon continued support of the Wilky Group in order that they can meet their day today financial commitments. The Wilky Group has confirmed that it will continue to provide support for day to day working capital as required. The directors have reviewed the groups plans for the next twelve months from the date of the approved financial statements and are satisfied that the company and the group will have sufficient funds to meet the day to day working capital requirements. On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

 
2.3

Turnover

Turnover represents amounts receivable for rent exclusive of Value Added Tax.

 
2.4

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 3

 


PARALLEL BUSINESS CENTRES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
3-20 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 9).

Page 4

 


PARALLEL BUSINESS CENTRES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2023
104,036


Additions
5,984


Disposals
(212)



At 31 March 2024

109,808



Depreciation


At 1 April 2023
86,298


Charge for the year on owned assets
9,552


Disposals
(212)



At 31 March 2024

95,638



Net book value



At 31 March 2024
14,170



At 31 March 2023
17,738


5.


Debtors

2024
2023
£
£


Trade debtors
20,892
35,031

Prepayments and accrued income
64,642
98,349

85,534
133,380


Page 5

 


PARALLEL BUSINESS CENTRES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
56,007
56,139

Other taxation and social security
47,481
48,132

Other creditors
186,358
177,648

Accruals and deferred income
205,257
169,658

495,103
451,577



7.


Operating lease commitments - Lessor

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
164,741
142,065

Later than 1 year and not later than 5 years
176,650
324,414

341,391
466,479


8.


Parent Company

The immediate parent company is Wilky Property Holdings Limited, a company registered in England. The registered office address of Wilky Property Holdings Limited is: Parallel House, 32 London Road, Guildford, Surrey, GU1 2AB.
The ultimate parent company is Wilky Group Limited, a company registered in England. The registered office address of the Wilky Group Limited is: Parallel House, 32 London Road, Guildford, Surrey, GU1 2AB.
The smallest and largest group in which the results of the company are consolidated is that headed by The Wilky Group Limited.
The Wilky Group Limited prepares consolidated financial statements and copies can be obtained from Companies House. 

 
Page 6