Parallel Corporation Ltd

	Page
Abridged Balance Sheet	1
Notes to the Abridged Financial Statements	2—3

Registered number: 15785655

		31 December 2024
	Notes	£	£
FIXED ASSETS
Investments	4		434,763

			434,763
TOTAL ASSETS LESS CURRENT LIABILITIES			434,763

NET ASSETS			434,763

CAPITAL AND RESERVES
Called up share capital	5		10
Share premium account			434,753

SHAREHOLDERS' FUNDS			434,763

For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Gavin Auckland

Director

28/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Parallel Corporation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15785655 . The registered office is C/O Absolute Accountants Limited, The Hutt, 10 Park Street, Hatfield, Hertfordshire, AL9 5AX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

2.3. Financial Instruments

Financial Instruments consist of non-listed shares in subsidiary companies. Those shares are either valued at the nominal value at which they were issued if they were acquired in new previously non-trading entities; or at the company valuation on the date of acquisition if they were acquired in an already trading entity. Where there is no ready market to sell these shares, their ongoing value is reviewed at the accounting period end to ensure that the Directors are confident that no impairment in value needs to be recorded.

2.4. Taxation

Standard corporation tax rules apply to this company. As its only income is receipt of dividends from other UK companies, there is no corporation tax payable on these receipts.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 1

4. Investments

	Total
	£
Cost or Valuation
As at 18 June 2024	-
Additions	434,763

As at 31 December 2024	434,763

Provision
As at 18 June 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	434,763

As at 18 June 2024	-

Page 2

Page 3

Parallel Corporation Ltd

Notes to the Abridged Financial Statements (continued)

For the Period 18 June 2024 to 31 December 2024

5. Share Capital

	31 December 2024
Allotted, called up and fully paid	£
8 Ordinary Shares of £ 1.00 each	8
2 Ordinary A shares of £ 1.00 each	2

	10


Shares issued during the period:	£
8 Ordinary Shares of £ 1.00 each	8
2 Ordinary A shares of £ 1.00 each	2

	10