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Registered number: 05932259









PARENTA TRAINING LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
PARENTA TRAINING LIMITED
REGISTERED NUMBER: 05932259

BALANCE SHEET
AS AT 31 DECEMBER 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
-
-

Tangible assets
 6 
4,544
6,196

Current assets
  

Debtors: amounts falling due within one year
 7 
3,564,510
4,360,716

Cash at bank and in hand
 8 
513,154
264,703

  
4,077,664
4,625,419

Creditors: amounts falling due within one year
 9 
(752,504)
(889,694)

Net current assets
  
 
 
3,325,160
 
 
3,735,725

Total assets less current liabilities
  
3,329,704
3,741,921

Creditors: amounts falling due after more than one year
 10 
(15)
(15)

  

Net assets
  
3,329,689
3,741,906


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
3,329,688
3,741,905

  
3,329,689
3,741,906


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 comprehensive income 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: 




A Presland
Director

Date: 8 August 2025

Page 1

 
PARENTA TRAINING LIMITED
REGISTERED NUMBER: 05932259
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
PARENTA TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Parenta Training Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is 1st Floor, Stratford House, Waterside Court, Neptune Way, Medway City Estate, Rochester, England, ME2 4NZ.
The principal activity of the company is that of training for personnel working in pre-school education.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
PARENTA TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

  
2.5

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

 
2.6

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 the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Taxation

Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

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.

Page 4

 
PARENTA TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on following bases:


Fixtures and fittings
-
25% Reducing Balance
Office equipment
-
33% Straight line
Other fixed assets
-
10-33% 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 the Statement of comprehensive income.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
PARENTA TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:
Prepayments and accrued income
The company has made key assumptions relating to accured income amounts of £2,407,556, and regarding the amount of service provision to recognise in the year, as well as the recoverability of this balance.
Recoverability of connected company loans
The company has made significant judgements relating to the recoverability of amounts owed by connected companies of £478,536, which is included within other debtors due within one year.


4.


Employees

The average monthly number of employees, including directors, during the year was 112 (2023 - 110).


5.


Intangible assets




Patents

£



Cost


At 1 January 2024
20,000



At 31 December 2024

20,000



Amortisation


At 1 January 2024
20,000



At 31 December 2024

20,000



Net book value



At 31 December 2024
-



At 31 December 2023
-



Page 6

 
PARENTA TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Tangible fixed assets





Fixtures and fittings
Office equipment
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 January 2024
5,128
6,877
171,146
183,151



At 31 December 2024

5,128
6,877
171,146
183,151



Depreciation


At 1 January 2024
5,128
6,877
164,950
176,955


Charge for the year on owned assets
-
-
1,652
1,652



At 31 December 2024

5,128
6,877
166,602
178,607



Net book value



At 31 December 2024
-
-
4,544
4,544



At 31 December 2023
-
-
6,196
6,196


7.


Debtors

2024
2023
£
£


Trade debtors
36,764
251,536

Amounts owed by group undertakings
456,738
1,311,643

Other debtors
487,053
478,536

Prepayments and accrued income
2,583,955
2,319,001

3,564,510
4,360,716



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
513,154
264,703

513,154
264,703


Page 7

 
PARENTA TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Creditors: Amounts falling due within one year

As restated
2024
2023
£
£

Trade creditors
235,961
227,569

Corporation tax
11,177
65,229

Other taxation and social security
-
73,874

Other creditors
373,004
387,236

Accruals and deferred income
132,362
135,786

752,504
889,694



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
15
15

15
15



11.


Prior year adjustment

In the prior year it has been noted that historically, accounting adjustments required to recognise deferred income were not included within the accounts of the company, as such, these adjustments have been corrected for the prior year.
The impact of the above on the prior year figures is a decrease in turnover of £3,029, and an increase in accruals of £3,029. There is also a reduction in the prior year brought forward profit and loss reserves position of £123,877.
During the year, it was noted that amounts previously invoiced to customers of £174,961 relating to the financial year ending 31 December 2023 are now no longer due, with this being incorrectly invoiced, as such, a prior year adjustment has been posted to reduce turnnover by £174,961 and reduce amounts due to the company by £174,961.


12.


Contingent liabilities

An unlimited inter company guarantee dated 08/06/2018 is secured over the assets of Parenta Holdings Limited, Parenta Training Limited, Parenta Group Limited, Parenta Limited, Purple Childcare Limited, Amplify Investments Limited, Smart Allicks Limited and Parenta Financial Services Limited in favour of Clydesdale Bank PLC. The directors consider the possibility of the company having to make payments under the terms of the guarantee to be remote, and no provision is required. The maximum exposure to the company is £Nil (2023 - £Nil).

Page 8

 
PARENTA TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

13.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totalling £21,526 (2023 - £19,141) were payable to the fund at the balance sheet date and are included in creditors.


14.


Controlling party

The ultimate controlling party is Amplify Investments Limited.


15.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 8 August 2025 by Mario Cientanni (Senior statutory auditor) on behalf of Barnes Roffe Audit Limited.

 
Page 9