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REGISTERED NUMBER: 03073313 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

PARALLEL.NET LIMITED

PARALLEL.NET LIMITED (REGISTERED NUMBER: 03073313)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

PARALLEL.NET LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2025

| DIRECTORS: | Mr C Markou

| Mrs G Markou

| Miss B Ramsay

| REGISTERED OFFICE: | 8 Hurlingham Business Park

| Sulivan Road

| Fulham

| London

| SW6 3DU

| REGISTERED NUMBER: | 03073313 (England and Wales)

| ACCOUNTANTS: | Xeinadin

| 1st Floor

| Isabella House

| 12 Union Court

| Richmond upon Thames

| London

| TW9 1AA

PARALLEL.NET LIMITED (REGISTERED NUMBER: 03073313)

BALANCE SHEET

31 AUGUST 2025

| 31.8.25 |  | 31.8.24

| Notes | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 104,355 |  | 89,870 |  |

CURRENT ASSETS

Inventories | 5,000 |  | 5,000 |  |

Debtors | 5 | 2,191,883 |  | 1,521,760 |  |

Cash at bank | 139,874 |  | 181,809 |  |

2,336,757 |  | 1,708,569 |  |

CREDITORS

Amounts falling due within one year | 6 | (578,415 | ) | (413,985 | ) |

NET CURRENT ASSETS | 1,758,342 |  | 1,294,584 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,862,697 |  | 1,384,454 |  |

PROVISIONS FOR LIABILITIES | (26,089 | ) | (17,075 | ) |

NET ASSETS | 1,836,608 |  | 1,367,379 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 2,000 |  | 2,000 |  |

Retained earnings | 8 | 1,834,608 |  | 1,365,379 |  |

SHAREHOLDERS' FUNDS | 1,836,608 |  | 1,367,379 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PARALLEL.NET LIMITED (REGISTERED NUMBER: 03073313)

BALANCE SHEET - continued

31 AUGUST 2025

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 May 2026 and were signed on its behalf by:

Mr C Markou - Director

PARALLEL.NET LIMITED (REGISTERED NUMBER: 03073313)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1. | STATUTORY INFORMATION

| Parallel.net 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.

| Turnover

| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Office furniture | - | 15% on reducing balance

| Plant and machinery | - | 15% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Computer equipment | - | 20% on reducing balance

| Stocks

| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 29 (2024 - 27 ) .

PARALLEL.NET LIMITED (REGISTERED NUMBER: 03073313)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

4. | PROPERTY, PLANT AND EQUIPMENT

| Fixtures |

| Office |  | Plant and |  | and |  | Computer |

| furniture |  | machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 September 2024 | 36,199 |  | 27,145 |  | 62,120 |  | 155,688 |  | 281,152 |  |

| Additions | 1,504 |  | 139 |  | 12,473 |  | 18,731 |  | 32,847 |  |

| At 31 August 2025 | 37,703 |  | 27,284 |  | 74,593 |  | 174,419 |  | 313,999 |  |

| DEPRECIATION

| At 1 September 2024 | 29,392 |  | 19,630 |  | 35,591 |  | 106,669 |  | 191,282 |  |

| Charge for year | 1,121 |  | 1,131 |  | 4,761 |  | 11,349 |  | 18,362 |  |

| At 31 August 2025 | 30,513 |  | 20,761 |  | 40,352 |  | 118,018 |  | 209,644 |  |

| NET BOOK VALUE

| At 31 August 2025 | 7,190 |  | 6,523 |  | 34,241 |  | 56,401 |  | 104,355 |  |

| At 31 August 2024 | 6,807 |  | 7,515 |  | 26,529 |  | 49,019 |  | 89,870 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.8.25 |  | 31.8.24

£ | £ |

| Trade debtors | 686,672 |  | 489,239 |  |

| Amounts owed by group undertakings | 1,475,956 |  | 1,014,452 |  |

| Other debtors | 29,255 |  | 18,069 |  |

2,191,883 |  | 1,521,760 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.8.25 |  | 31.8.24

£ | £ |

| Trade creditors | 144,227 |  | 102,999 |  |

| Taxation and social security | 393,339 |  | 287,444 |  |

| Other creditors | 40,849 |  | 23,542 |  |

578,415 |  | 413,985 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.8.25 |  | 31.8.24

| value: | £ | £ |

| 2,000 | Ordinary | £1 | 2,000 |  | 2,000 |  |

PARALLEL.NET LIMITED (REGISTERED NUMBER: 03073313)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

8. | RESERVES

| Retained

| earnings

£ |

| At 1 September 2024 | 1,365,379 |  |

| Profit for the year | 641,229 |  |

| Dividends | (172,000 | ) |

| At 31 August 2025 | 1,834,608 |  |

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

| 31.8.25 |  | 31.8.24

£ | £ |

| Mr C Markou

| Balance outstanding at start of year | (558 | ) | (3,670 | ) |

| Amounts advanced | (419 | ) | 3,112 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (977 | ) | (558 | ) |

| It is confirmed that the director’s current account is debited with personal transactions and credited with director’s remuneration as well as dividends.

| The loan is unsecured, interest free and no repayment terms have been agreed.

10. | RELATED PARTY DISCLOSURES

| Parallel Holdings SW6 Ltd is a limited company 100% held by the same shareholders as Parallel.net Limited. A loan of £7,076.19 (2024 : 4,907) was advanced to Parallel Holdings SW6 Ltd.

| Parallel Property SW6 Ltd is 100% held by Parallel Holdings SW6 Ltd. During the year a loan of £1,468,880.36 (2024 : 1,009,545.47) was advanced to Parallel Property SW6 Ltd from Parallel.net Limited.

| Both loans are unsecured, interest free and no repayment terms have been agreed.

11. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr C Markou.