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Registration number: 14329418 (England and Wales)

Parakar UK Limited
Filleted Financial Statements
for the Year Ended 31 December 2024

Parakar UK Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 7

Parakar UK Limited

Company Information

Directors | Mr Johannes Jacobus Maria Opperman Ms Pleun Opperman

Registered office | Hygeia Building Rear Ground Floor 66-68 College Road Harrow Middlesex HA1 1BE

Auditors | KNAV Limited Statutory AuditorsHygeia Building Ground Floor 66-68 College Road Harrow Middlesex HA1 1BE

Parakar UK Limited

(Registration number: 14329418) (England and Wales)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Current assets |  |  |
Debtors | 6 | 9,556 | 1,618
Cash at bank and in hand |  | 140,249 | 509,306
|  | 149,805 | 510,924
Creditors: Amounts falling due within one year | 7 | (135,940) | (507,886)
Net assets |  | 13,865 | 3,038
Capital and reserves |  |  |
Called up share capital | 8 | 1,000 | 1,000
Retained earnings |  | 12,865 | 2,038
Shareholders' funds |  | 13,865 | 3,038

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

These financial statements were approved and authorised for issue by the Board on 29 September 2025 and signed on its behalf by:

......................................... Ms Pleun Opperman Director |  |

Parakar UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hygeia Building
Rear Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE
United Kingdom

These financial statements were authorised for issue by the Board on 29 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.

Going concern

At the time of approving these financial statements, the directors are confident that the company has sufficient resources to continue in operational existence and to meet its working capital requirements and liabilities as they fall due for at least twelve months from the date of approval of these financial statements. In forming this view, the directors have considered the company’s positive shareholder funds, its continued profitability and its access to readily available cash resources. Accordingly, the financial statements have been prepared on a going concern basis.

Parakar UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2 | Accounting policies (continued)

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 1 October 2025 was Bhavita Shah ACA, who signed for and on behalf of KNAV Limited.

Revenue recognition

The company is in the business of providing employer of record and other related services. Turnover from contracts with customers is recognised when control of the services are transferred to the customer at an amount that reflects the consideration to which the company expects to be entitled in exchange for those services. The company has generally concluded that it is the principal in its revenue arrangements relating to management fees but is the agent in its arrangements relating to the payroll cost of employees hired on behalf of its customers.
Income is recognised over time, as the service is provided, due to the fact that the customer simultaneously receives and consumes the benefits provided by the service, i.e. on a recurring monthly basis which is enjoyed evenly throughout each month.
The comany applies the practical expedient for short-term advances received from customers. That is, the promised amount of consideration is not adjusted for the effects of a significant financing component if the period between the transfer of the promised service and the payment is one year or less.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Parakar UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2 | Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans from related parties.
Recognition and measurement
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.
Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms of financed at a rate of interest that is not a market rate or in case of an out-right short term loan not at a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Impairment
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss if recognised in the Profit and loss account.
For financial assets measured as amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discounted rate for measuring any impairment loss is the current effective interest rate determined under the contract.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3 | Staff numbers

The average monthly number of persons employed by the company (including directors) during the year, was 19 (2023: 7).
The directors are not remunerated through the company.

Parakar UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

4 | Profit before tax

Arrived at after charging/(crediting)

| 31 December 2024 £ | 1 September 2022 to 31 December 2023 £
Foreign currency (gains)/losses - operating expense | (12,790) | (2)

5 | Taxation

Tax charged/(credited) in the profit and loss account

| 31 December 2024 £ | 1 September 2022 to 31 December 2023 £
Current taxation |  |
UK corporation tax | 3,882 | 1,107
UK corporation tax adjustment to prior periods | 50 | -
| 3,932 | 1,107

6 | Debtors

| 2024 £ | 2023 £
Trade debtors | 424 | -
Other debtors | 4,509 | 1,444
Accrued income | 4,323 | -
Prepayments | 300 | 174
| 9,556 | 1,618

Parakar UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

7 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Due within one year |  |
Trade creditors | 2,393 | 44
Amounts owed to group undertakings | 12,148 | 409,218
Other creditors | 21,879 | 3,588
Corporation tax payable | 3,881 | 1,107
Taxation and social security | 81,064 | 76,540
Accrued expenses | 14,575 | 17,389
| 135,940 | 507,886

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

8 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £1 each | 1,000 | 1,000 | 1,000 | 1,000

9 | Parent and ultimate parent undertaking

The company's immediate parent is Parakar Group BV, incorporated in the Netherlands.
The ultimate parent is Opperman Management Consultancy BV, incorporated in the Netherlands.
The most senior parent entity producing publicly available financial statements is Opperman Management Consultancy BV. These financial statements are available upon request from:
Benraatshoef 41,
4941 TM
Raamsdonksveer
The ultimate controlling parties are Mr Johannes Jacobus Maria Opperman and Ms Pleun Opperman.