Parkway Group Holdings Ltd Accounts






Parkway Group Holdings Ltd

	Company No. 14123619
		Directors' Report and Audited Accounts
		31 December 2024




							Pages

Company Information							2
Directors' Report							3
Auditor's Report							4 to 6
Profit and Loss Account							7
Statement of Comprehensive Income							8
Balance Sheet							9
Statement of Changes in Equity							10
Notes to the Accounts							11 to 14

Directors

Jason Rushton

Graham Young










































Registered Office

Corpacq House
1 Goose Green
Altrincham
Cheshire
WA14 1DW

Auditor

BSN Associates Limited
3B Swallowfield Courtyard
Wolverhampton Road
Oldbury
B69 2JG

The Directors present their report and the accounts for the year ended 31 December 2024.

Principal activities

The principal activity of the company during the year under review was holding company.




Directors

The Directors who served at any time during the year were as follows:

Jason Rushton
Grant Russell		(Resigned 6 June 2025)
Graham Young











































Statement of directors' responsibilities
The Directors are responsible for preparing the Directors' report and the accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
*	select suitable accounting policies and then apply them consistently;
*	make judgments and estimates that are reasonable and prudent;
*	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure of information to auditor
So far as the directors are aware, there is no relevant audit information of which the company's auditors are unaware and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant information and to establish that the company's auditors are aware of that information.

















The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

Graham Young
Director
26 September 2025

Independent Auditor's Report to the members of Parkway Group Holdings Ltd

Opinion
We have audited the accounts of Parkway Group Holdings Ltd (the 'company') for the year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the Notes to the Accounts, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the accounts:
	• give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its loss for the year then ended; • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and • have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with applicable law and International Standards on Auditing (UK) (ISAs (UK). Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 1 to the accounts, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the accounts, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the accounts is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue.

Our responsibilities and the responsibillities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The other information comprises the information included in the annual report other than the accounts and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the accounts does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements , we are required to determine whether this gives rise to a material misstatement in the accounts themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based upon the work undertaken in the course of the audit:
	• the information given in the directors' report for the financial year for which the accounts are prepared is consistent with the accounts; and
	• the directors' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
	• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
	• the accounts are not in agreement with the accounting records and returns; or
	• certain disclosures of directors’ remuneration specified by law are not made; or
	• we have not received all the information and explanations we require for our audit; or
	• the directors were not entitled to prepare the accounts in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the directors' report and from the requirement to prepare a strategic report.

Responsibilities of directors
As explained more fully in the directors’ responsibilities statement found in the directors' report, the directors are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.

In preparing the accounts, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the accounts
Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We have reviewed financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations. We have audited the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business. We have also made enquiries of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. -Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.



We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of this report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Hannah Justice FCA FCCA
Senior Statutory Auditor
For and on behalf of		BSN Associates Limited
Accountants and Statutory Auditors
3B Swallowfield Courtyard
Wolverhampton Road
Oldbury

B69 2JG
26 September 2025

for the year ended 31 December 2024

	2024	2023
	£	£
Turnover	-	-







Administrative expenses	(7,200)	-



Operating loss	(7,200)	-







Interest payable and similar charges	(100,394)	(72,565)



Loss on ordinary activities before taxation	(107,594)	(72,565)

Taxation	-	-

Loss for the financial year after taxation	(107,594)	(72,565)

STATEMENT OF COMPREHENSIVE INCOME

for the year ended 31 December 2024

	2024	2023

	£	£
Loss for the financial year after taxation	(107,594)	(72,565)







Total comprehensive income for the period	(107,594)	(72,565)

at	31 December 2024

Company No.		14123619	Notes	2024	2023
				£	£
Fixed assets



	Investments		4	2,304,425	2,304,425
				2,304,425	2,304,425
Current assets

	Debtors		5	100	100


				100	100
Creditors: Amount falling due within one year			6	(2,354,636)	(1,997,042)
Net current liabilities				(2,354,536)	(1,996,942)
Total assets less current liabilities				(50,111)	307,483
Creditors: Amounts falling due after more than one year			7	(200,000)	(450,000)



Net liabilities				(250,111)	(142,517)

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		10	(250,211)	(142,617)

Total equity				(250,111)	(142,517)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.









Approved by the board on 26 September 2025 and signed on its behalf by:
Graham Young
Director
26 September 2025

for the year ended 31 December 2024

		Share Capital	Retained earnings	Total equity
		£	£	£
	At 1 January 2023	100	(70,052)	(69,952)




	Loss for the period		(72,565)	(72,565)







	At 31 December 2023 and 1 January 2024	100	(142,617)	(142,517)




	Loss for the period		(107,594)	(107,594)


	At 31 December 2024	100	(250,211)	(250,111)

for the year ended 31 December 2024

General information

Parkway Group Holdings Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 14123619

Its registered office is:

Corpacq House

1 Goose Green

Altrincham

Cheshire

WA14 1DW

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Basis of preparation policy

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity, rounded to the nearest pound.

Disclosure exemptions policy

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Salop Holdings Limited, which can be obtained from Companies House. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:

(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
(c) No disclosure has been given for the aggregate remuneration of key management personnel.

Judgements policy

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Investments

Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other 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.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	0	0

4	Investments
				Investment in Subsidiaries		Total
				£		£
		Cost or valuation
		At 1 January 2024		2,304,425		2,304,425



		At 31 December 2024		2,304,425		2,304,425
		Provisions/Impairment





		Net book values
		At 31 December 2024		2,304,425		2,304,425
		At 31 December 2023		2,304,425		2,304,425

		Name of Company	Company registered	% of shares held	Profit after tax	Capital and reserves
					£	£
		Parkway interiors UK Limited	registered in England and Wales under Companies Act	100%	178,161	1,656,657
		PI Specialist Finishing Limited	registered in England and Wales under Companies Act	66.67%	(58,222)	63,133

5	Debtors
			2024	2023
			£	£

		Group undertakings	50	50




		Other debtors	50	50

			100	100

6	Creditors:
		amounts falling due within one year
			2024	2023
			£	£


		Other loans	250,000	250,000


		Amounts owed to group undertakings	2,092,155	1,738,555


		Other creditors	8,881	8,487
		Accruals and deferred income	3,600	-
			2,354,636	1,997,042

7	Creditors:
		amounts falling due after more than one year
			2024	2023
			£	£


		Other loans	200,000	450,000





			200,000	450,000

8	Creditors: secured liabilities
			2024	2023
			£	£
		The aggregate amount of secured liabilities included within creditors	500,000	500,000

		The company has a guarantee and debenture in place over its subsidiaries leasehold property

Share Capital

The company has allocated 100 Ordinary Shares of £1 each.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

Transactions with related parties

Parent Company

The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member:

Orange UK Holdings Limited

The parent's registered office address is:

1 Goose Green

Altrincham

Cheshire

WA14 1DW