Company No: 06659134 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	1,669,159		1,628,580
		1,669,159		1,628,580
Current assets
Stocks		20,000		1,000
Debtors
- due within one year	5	440,604		303,302
- due after more than one year	5	318,243		334,643
Cash at bank and in hand		67,571		111,712
		846,418		750,657
Creditors: amounts falling due within one year	6	( 741,843)		( 707,019)
Net current assets		104,575		43,638
Total assets less current liabilities		1,773,734		1,672,218
Creditors: amounts falling due after more than one year	7	( 484,454)		( 559,667)
Provision for liabilities		( 44,000)		( 11,500)
Net assets		1,245,280		1,101,051
Capital and reserves
Called-up share capital		1,000		1,000
Profit and loss account		1,244,280		1,100,051
Total shareholder's funds		1,245,280		1,101,051

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Premier Parking Solutions Limited (registered number: 06659134) were approved and authorised for issue by the Board of Directors on 27 October 2025. They were signed on its behalf by:

Mr R Cox Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Premier Parking Solutions 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 Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom. The principal place of business is 100 Vauxhall Street, Plymouth, PL4 0DD.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, refunds and discounts.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings	not depreciated
	50 years straight line
Plant and machinery	4 years straight line
Vehicles	25 % reducing balance
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	22		22

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	35,000		35,000
At 31 March 2025	35,000		35,000
Accumulated amortisation
At 01 April 2024	35,000		35,000
At 31 March 2025	35,000		35,000
Net book value
At 31 March 2025	0		0
At 31 March 2024	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	1,552,019		620,788		244,362		35,424		2,452,593
Additions	0		708		124,697		5,576		130,981
Disposals	0		0		( 71,370)		0		( 71,370)
At 31 March 2025	1,552,019		621,496		297,689		41,000		2,512,204
Accumulated depreciation
At 01 April 2024	56,068		587,151		152,689		28,105		824,013
Charge for the financial year	9,348		23,927		23,012		5,186		61,473
Disposals	0		0		( 42,441)		0		( 42,441)
At 31 March 2025	65,416		611,078		133,260		33,291		843,045
Net book value
At 31 March 2025	1,486,603		10,418		164,429		7,709		1,669,159
At 31 March 2024	1,495,951		33,637		91,673		7,319		1,628,580

5. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Trade debtors	14,420		10,423
Amounts owed by associates	177,381		126,318
Amounts owed by directors	165,678		106,416
Prepayments and accrued income	27,106		12,452
Other debtors	56,019		47,693
	440,604		303,302
Debtors: amounts falling due after more than one year
Amounts owed by Group undertakings	318,243		304,643
Amounts owed by Ultimate Parent undertakings	0		30,000
	318,243		334,643

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured £ 63,379)	153,379		147,772
Trade creditors	182,002		251,505
Amounts owed to associates	76,059		28,793
Accruals	190,703		142,933
Corporation tax	80,325		74,920
Other taxation and social security	26,193		29,147
Obligations under finance leases and hire purchase contracts (secured)	24,660		14,960
Other creditors	8,522		16,989
	741,843		707,019

Hire purchase contracts are secured on the assets they relate to.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured £ 343,711)	387,878		529,903
Obligations under finance leases and hire purchase contracts (secured)	96,576		29,764
	484,454		559,667

Hire purchase contracts are secured on the assets they relate to.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans (secured / repayable by instalments)	94,267		136,223

Included in total bank borrowings at the year end is £407,090 (2024 - £453,507) on which the following security has been provided:
- A legal charge over the company freehold property.
- An unlimited company debenture.

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	22,563		22,653
between one and five years	90,612		90,612
after five years	45,306		67,959
	158,481		181,224

9. Related party transactions

Transactions with owners holding a participating interest in the entity

	2025		2024
	£		£
Amounts owed by a parent company	318,243		304,643
Amounts owed to an associated company	(76,059)		(28,678)
Amounts owed by an associated company	177,381		126,318

No interest was payable on the loans to and from parent and associated companies and the loans are repayable on demand.

Transactions with the entity's directors

	2025		2024
	£		£
Amount owed by directors	165,678		106,416

Interest of 2.25% was payable on the loans made to directors and are repayable on demand.

10. Ultimate controlling party

Parent Company:

Janner Group Limited

Centenary House Peninsula Park Rydon Lane Exeter EX2 7XE United Kingdom

Premier Parking Solutions Limited is a 100% subsidiary of Premier Parking Solutions Holdings Limited, which is a 100% subsidiary of Janner Group Limited.