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Company Registration No. 14737939 (England and Wales)
Parallel Partnerships Ltd Unaudited accounts for the year ended 31 March 2026
Parallel Partnerships Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Parallel Partnerships Ltd Company Information for the year ended 31 March 2026
Director
Keir Sebastian Segundo Shave
Company Number
14737939 (England and Wales)
Registered Office
471 Kirkstall Road Leeds LS4 2QD ENGLAND
Accountants
Sleek Accounting Ltd 4th Floor 205 Regent Street London W1B 4HB
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Parallel Partnerships Ltd Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
49,217
70,019
Current assets
Debtors
5
345,374
240,987
Cash at bank and in hand
565,284
282,522
910,658
523,509
Creditors: amounts falling due within one year
6
(299,231)
(125,913)
Net current assets
611,427
397,596
Net assets
660,644
467,615
Capital and reserves
Called up share capital
7
1
1
Profit and loss account
660,643
467,614
Shareholders' funds
660,644
467,615
For the year ending 31 March 2026 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 July 2026 and were signed on its behalf by
Keir Sebastian Segundo Shave Director Company Registration No. 14737939
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Parallel Partnerships Ltd Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Parallel Partnerships Ltd is a private company, limited by shares, registered in England and Wales, registration number 14737939. The registered office is 471 Kirkstall Road, Leeds, LS4 2QD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Parallel Partnerships Ltd Notes to the Accounts for the year ended 31 March 2026
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
3,705
69,000
8,198
80,903
Additions
5,262
-
2,040
7,302
At 31 March 2026
8,967
69,000
10,238
88,205
Depreciation
At 1 April 2025
740
5,218
4,926
10,884
Charge for the year
2,950
19,134
6,020
28,104
At 31 March 2026
3,690
24,352
10,946
38,988
Net book value
At 31 March 2026
5,277
44,648
(708)
49,217
At 31 March 2025
2,965
63,782
3,272
70,019
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
330,374
240,987
Other debtors
15,000
-
345,374
240,987
6
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
96,577
59,765
Trade creditors
156
1,750
Taxes and social security
122,631
44,966
Other creditors
39,080
3,986
Loans from directors
40,787
15,446
299,231
125,913
7
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 52 (2025: 34).
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