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REGISTERED NUMBER: 12196265 (England and Wales)















Unaudited Financial Statements

for the Period

1 October 2022 to 31 March 2024

for

Parents In Partnership (Pips) Ltd

Parents In Partnership (Pips) Ltd (Registered number: 12196265)

Contents of the Financial Statements
for the Period 1 October 2022 to 31 March 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Parents In Partnership (Pips) Ltd

Company Information
for the Period 1 October 2022 to 31 March 2024







DIRECTORS: L M Brakes
D R Sherriff





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP





REGISTERED NUMBER: 12196265 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Parents In Partnership (Pips) Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Parents In Partnership (Pips) Ltd for the period ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Parents In Partnership (Pips) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Parents In Partnership (Pips) Ltd and state those matters that we have agreed to state to the Board of Directors of Parents In Partnership (Pips) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parents In Partnership (Pips) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Parents In Partnership (Pips) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Parents In Partnership (Pips) Ltd. You consider that Parents In Partnership (Pips) Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Parents In Partnership (Pips) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


14 January 2025

Parents In Partnership (Pips) Ltd (Registered number: 12196265)

Balance Sheet
31 March 2024

31.3.24 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 239,321 26,935

CURRENT ASSETS
Debtors 5 168,390 6,708
Cash at bank 15,824 47,275
184,214 53,983
CREDITORS
Amounts falling due within one year 6 129,985 43,943
NET CURRENT ASSETS 54,229 10,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,550

36,975

CREDITORS
Amounts falling due after more than
one year

7

(205,537

)

-

PROVISIONS FOR LIABILITIES (4,627 ) (6,734 )
NET ASSETS 83,386 30,241

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 83,286 30,141
SHAREHOLDERS' FUNDS 83,386 30,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Parents In Partnership (Pips) Ltd (Registered number: 12196265)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:




L M Brakes - Director



D R Sherriff - Director


Parents In Partnership (Pips) Ltd (Registered number: 12196265)

Notes to the Financial Statements
for the Period 1 October 2022 to 31 March 2024


1. STATUTORY INFORMATION

Parents In Partnership (Pips) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% reducing balance
Computer equipment - 33% straight line basis

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Parents In Partnership (Pips) Ltd (Registered number: 12196265)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 March 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 - 130 27,500 712 28,342
Additions 220,812 2,068 - 141 223,021
At 31 March 2024 220,812 2,198 27,500 853 251,363
DEPRECIATION
At 1 October 2022 - 26 1,146 235 1,407
Charge for period - 330 9,883 422 10,635
At 31 March 2024 - 356 11,029 657 12,042
NET BOOK VALUE
At 31 March 2024 220,812 1,842 16,471 196 239,321
At 30 September 2022 - 104 26,354 477 26,935

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.9.22
£    £   
Trade debtors 91,564 -
Other debtors 76,599 1,110
VAT - 5,500
Prepayments and accrued income 227 98
168,390 6,708

Parents In Partnership (Pips) Ltd (Registered number: 12196265)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.9.22
£    £   
Bank loans and overdrafts 8,453 -
Other loans 5,118 -
Trade creditors 26 -
Corporation tax 17,573 2,054
Social security and other taxes 3,207 3,541
VAT 11,753 -
Other creditors 56 -
Net wages - 852
Directors' current accounts 80,874 34,988
Accrued expenses 2,925 2,508
129,985 43,943

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 30.9.22
£    £   
Bank loans - 1-2 years 9,989 -
Bank loans - 2-5 years 42,224 -
Bank loans more 5 yr by instal 14,292 -
Other loans - 1-2 years 4,129 -
Other loans - 2-5 years 12,387 -
Other loans more 5yrs instal 122,516 -
205,537 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,292 -
Other loans more 5yrs instal 122,516 -
136,808 -

8. SECURED DEBTS

In 2022 Together Commercial Finance Limited registered a legal charge over the freehold property included within tangible assets.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 30.9.22
value: £    £   
100 Ordinary £1 100 100

Parents In Partnership (Pips) Ltd (Registered number: 12196265)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 March 2024


10. OTHER FINANCIAL COMMITMENTS

The company has total guarantees and commitments at the balance sheet date of £24,798 (2022 Nil).