Company No:
Contents
| DIRECTORS | M E O Parrott (Appointed 28 May 2025) |
| J W Parrott (Appointed 15 September 2023) |
| REGISTERED OFFICE | Somerset House Rooms S75 S76 S77 |
| Second Floor | |
| South Wing | |
| Strand | |
| London | |
| WC2R 1LA | |
| United Kingdom |
| COMPANY NUMBER | 15140701 (England and Wales) |
| Note | 31.12.2024 | |
| £ | ||
| Fixed assets | ||
| Investments | 3 |
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| 2,500,741 | ||
| Current assets | ||
| Debtors | 4 |
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| 948 | ||
| Creditors: amounts falling due within one year | 5 | (
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| Net current liabilities | (6,981) | |
| Total assets less current liabilities | 2,493,760 | |
| Net assets |
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| Capital and reserves | ||
| Called-up share capital |
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| Profit and loss account | (
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Harrison/Parrott Holdings Limited (registered number:
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M E O Parrott
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Harrison/Parrott Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is Somerset House Rooms S75 S76 S77, Second Floor, South Wing, Strand, London, WC2R 1LA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.
Investments in subsidiaries are measured at cost less impairment. Impairment reviews are carried out annually by the director.
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as 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.
| Period from 15.09.2023 to 31.12.2024 |
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| Number | |
| Monthly average number of persons employed by the company during the period |
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Investments in subsidiaries
| 31.12.2024 | |
| £ | |
| Cost | |
| At 15 September 2023 | 0 |
| Additions |
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| Disposals | (
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| At 31 December 2024 |
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| Carrying value at 31 December 2024 |
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| 31.12.2024 | |
| £ | |
| Other debtors |
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| 31.12.2024 | |
| £ | |
| Amounts owed to group undertakings |
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| Other creditors |
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During the period, Harrison/Parrott Limited (company number: 02861707) transitioned to employee ownership.
A number of restructuring transactions were implemented in order to facilitate the transition, immediately before which Harrison/Parrott Limited was a subsidiary of Jasper Parrott Limited (company number: 00978910). These restructuring transactions included the formation of Jasper Parrott Holdings Limited (company number: 15140867) which, under a share for share exchange agreement dated 26 September 2023, acquired the whole of the share capital of Jasper Parrott Limited. This was immediately followed by a distribution in specie of all of the shares held by Jasper Parrott Limited in Harrison/Parrott Limited to Jasper Parrott Holdings Limited.
Under a demerger agreement dated 28 September 2023, Jasper Parrott Holdings Limited then transferred its entire shareholding in Harrison/Parrott Limited to the Company. The restructuring also involved two of Harrison/Parrott Limited’s divisions, Polyarts and Birdsong Music Publishing, being placed, by way of tax efficient demergers, in separate corporate structures headed up by Polyarts Holdings Limited (company number: 15141016) and Birdsong Holdings Limited (company number: 15140805) respectively.
A controlling interest in the Company was then acquired by the Harrison/Parrott Employee Ownership Trust (the 'EOT') under a share purchase agreement dated 9 October 2023.