Paratus Services (UK) Limited

	Page
Statement of Financial Position	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: 12668602

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		192,575		-
Tangible Assets	5		79,604		-

			272,179		-
CURRENT ASSETS
Debtors	6	270,100		68,196
Cash at bank and in hand		115,637		-

		385,737		68,196
Creditors: Amounts Falling Due Within One Year	7	(341,387 )		(709,244 )

NET CURRENT ASSETS (LIABILITIES)			44,350		(641,048 )

TOTAL ASSETS LESS CURRENT LIABILITIES			316,529		(641,048 )

NET ASSETS/(LIABILITIES)			316,529		(641,048 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Income Statement			316,429		(641,148 )

SHAREHOLDERS' FUNDS			316,529		(641,048)

Page 1

Page 2

Paratus Services (UK) Limited

Statement of Financial Position (continued)

As At 31 December 2024

For the year 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 Income Statement.

On behalf of the board

Mr Nicholas Mys

Director

10/12/2024

The notes on pages 4 to 6 form part of these financial statements.

1. General Information

Paratus Services (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12668602 . The registered office is East Lodge, Kartway House, Lugwardine, Hereford, HR1 4AE.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are website development costs. It is amortised to income statement over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% Reducing Balance
Computer Equipment	33% Straight Line

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2023: 3)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	-
Additions	200,083

As at 31 December 2024	200,083

Amortisation
As at 1 January 2024	-
Provided during the period	7,508

As at 31 December 2024	7,508

Net Book Value
As at 31 December 2024	192,575

As at 1 January 2024	-

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Paratus Services (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	-	10,105	10,105
Additions	12,118	105,247	117,365

As at 31 December 2024	12,118	115,352	127,470

Depreciation
As at 1 January 2024	-	10,105	10,105
Provided during the period	3,029	34,732	37,761

As at 31 December 2024	3,029	44,837	47,866

Net Book Value
As at 31 December 2024	9,089	70,515	79,604

As at 1 January 2024	-	-	-

6. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Amounts owed by group undertakings	89,682	49,121
Other debtors	180,418	19,075

	270,100	68,196

7. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Trade creditors	3,120	69,300
Other loans	-	15,000
Amounts owed to group undertakings	145,032	9,330
Other creditors	59,189	507,494
Taxation and social security	134,046	108,120

	341,387	709,244

8. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	100	100

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Paratus Services (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Paratus Holdings Limited . Paratus Holdings Limited was incorporated in (Please enter country of incorporation). Copies of the group accounts may be obtained from the secretary, Town Mills North, Rue de Pre, St Peter Port, Guernsey, GY1 6HS . The ultimate controlling party is Paratus Holdings Limited who controls 100% of the shares of Paratus Services (UK) Limited .

Page 6

	Share Capital	Income Statement	Total
	£	£	£
As at 1 October 2022	100	(31,823 )	(31,723)
Loss for the period and total comprehensive income	-	(609,325 )	(609,325)

As at 31 December 2023 and 1 January 2024	100	(641,148 )	(641,048)


Profit for the year and total comprehensive income	-	957,577	957,577

As at 31 December 2024	100	316,429	316,529