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PERSONAS ADMIN SUPPORT SOLUTIONS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2024






PERSONAS ADMIN SUPPORT SOLUTIONS LIMITED (REGISTERED NUMBER: 12358199)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PERSONAS ADMIN SUPPORT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: M J Evans
Mrs J S Sutton





REGISTERED OFFICE: Bicester Innovation Centre
110 Commerce House
Telford Road
Bicester
Oxfordshire
OX26 4LD





REGISTERED NUMBER: 12358199 (England and Wales)





AUDITORS: HW Bedford Limited
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

PERSONAS ADMIN SUPPORT SOLUTIONS LIMITED (REGISTERED NUMBER: 12358199)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 234,203 161,846
Cash at bank 2,331 5,616
236,534 167,462
CREDITORS
Amounts falling due within one year 5 24,531 11,801
NET CURRENT ASSETS 212,003 155,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,003

155,661

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 211,903 155,561
SHAREHOLDERS' FUNDS 212,003 155,661

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th March 2025 and were signed on its behalf by:





M J Evans - Director


PERSONAS ADMIN SUPPORT SOLUTIONS LIMITED (REGISTERED NUMBER: 12358199)

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

1. STATUTORY INFORMATION

Personas Admin Support Solutions Limited 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, which are described above, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.

Estimates and judgements are continually evaluated and are based on historical experience and other factors,including expectations of future events that are believed to be reasonable under the circumstances.

Critical judgements in applying the Company's accounting policies.

The directors do not consider there to be any critical accounting judgements that must be applied.

Key accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The directors do not consider there to be any estimates or assumptions that have significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


PERSONAS ADMIN SUPPORT SOLUTIONS LIMITED (REGISTERED NUMBER: 12358199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued
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 year 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.

Going concern
The accounts have been prepared on a going concern basis as the company is supported by the director, the parent company and loans from a company under common control.The company has made a profit of £56,342 and has net assets of £212,003. Since the year end the company's trade has remained steady.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 234,103 161,746
Called up share capital not paid 100 100
234,203 161,846

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,754 3,384
VAT 4,437 3,221
Accruals and deferred income 4,340 5,196
24,531 11,801

6. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

PERSONAS ADMIN SUPPORT SOLUTIONS LIMITED (REGISTERED NUMBER: 12358199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alberto Di Lorenzo FCA (Senior Statutory Auditor)
for and on behalf of HW Bedford Limited

8. RELATED PARTY DISCLOSURES

During the period the company received consultancy services from Redneval Consultancy Limited, a company in which the director, M J Evans has an interest. During the year the company was charged £196,163 (2023: £171,250) for these services. At the year end £2,638 (2023: £nil) was owed to Redneval Consultancy Limited.

Also during the year the company provided services to PP Realisations 2024 Ltd (PPRL), a group company amounting to £113,143 (2023 - £100,380). At the year end the company were owed £19,238 (2023 - £11,083).

9. ULTIMATE CONTROLLING PARTY

The controlling party is M J Evans.

By virtue of his significant control and majority shareholding of the parent company.

Personas Group Limited is regarded by the directors as being the company's ultimate parent company.

Their registered office is Bicester Innovation Centre, 110 Commerce House, Telford Road, Bicester, Oxfordshire, OX26 4LD

Copies of the consolidated financial statements of Personas Group Limited are available at Companies House.