Personas Admin Support Solutions Limited - Accounts to registrar (filleted)

PERSONAS ADMIN SUPPORT SOLUTIONS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J Evans

Mrs J S Sutton

REGISTERED OFFICE:

Bicester Innovation Centre

110 Commerce House

Telford Road

Bicester

Oxfordshire

OX26 4LD

REGISTERED NUMBER:

12358199 (England and Wales)

AUDITORS:

HW Bedford Limited

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

CURRENT ASSETS

Debtors

4

11,167

234,203

Cash at bank

2,878

2,331

14,045

236,534

CREDITORS

Amounts falling due within one year

5

13,751

24,531

NET CURRENT ASSETS

294

212,003

TOTAL ASSETS LESS CURRENT
LIABILITIES

294

212,003

CAPITAL AND RESERVES

Called up share capital

6

100

Retained earnings

194

211,903

SHAREHOLDERS' FUNDS

294

212,003

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th December 2025 and were signed on its behalf by:

M J Evans - Director

1.	STATUTORY INFORMATION

Personas Admin Support Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, which are described above, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.

Estimates and judgements are continually evaluated and are based on historical experience and other factors,including expectations of future events that are believed to be reasonable under the circumstances.

Critical judgements in applying the Company's accounting policies.

The directors do not consider there to be any critical accounting judgements that must be applied.

Key accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The directors do not consider there to be any estimates or assumptions that have significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consultancy services received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

The accounts have been prepared on a going concern basis as the company is supported by the director, the parent company and loans from a company under common control. The company has made a loss of £211,709 as a result of group loan balances written off during the year. The net assets as at 31 March 2025 is £294.

The companies income reduced during the year and will do so further from April 2025 as management charges are being directed straight to the group companies rather than through Personas Admin Support Solutions Limited.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by group undertakings

7,200

234,103

VAT

3,867

-

Called up share capital not paid

100

11,167

234,203

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

9,411

15,754

VAT

-

4,437

Accruals and deferred income

4,340

13,751

24,531

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alberto Di Lorenzo FCA (Senior Statutory Auditor)

for and on behalf of HW Bedford Limited

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the period the company received consultancy services from Redneval Consultancy Limited, a company in which the director, M J Evans has an interest. During the year the company was charged £146,908 (2024: £196,123) for these services. At the year end £Nil (2024: £2,638) was owed to Redneval Consultancy Limited.

Also during the year the company provided services to PP Realisations 2024 Ltd (PPRL), a group company amounting to £10,199 (2024 - £113,143). At the year end the company were owed £Nil (2024 - £19,238).

It should be added that PPRL went into Liquidation on 4 November 2024.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M J Evans.

By virtue of his significant control and majority shareholding of the parent company.

Personas Group Limited is regarded by the directors as being the company's ultimate parent company.

Their registered office is Bicester Innovation Centre, 110 Commerce House, Telford Road, Bicester, Oxfordshire, OX26 4LD

Copies of the consolidated financial statements of Personas Group Limited are available at Companies House.