Company No: 02861707 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Jane Emma Brown (Appointed 01 May 2025)
	Catherine Lynne Fairlamb (Appointed 01 May 2025)
	Sabine Frank (Appointed 01 May 2025)
	Dr Markus Klimmer
	Jasper William Parrott
	Moema Ellen Ortiz Parrott
	Shirley Thomson (Appointed 01 May 2025)
	Rafi Eytan Yohay (Appointed 01 May 2025)

SECRETARY

Catherine Lynne Fairlamb

REGISTERED OFFICE	22 Chancery Lane
	London
	WC2A 1LS
	United Kingdom

COMPANY NUMBER

02861707 (England and Wales)

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	32,737		78,315
Investments	4	26,096		26,096
		58,833		104,411
Current assets
Debtors	5	1,600,187		2,364,535
Cash at bank and in hand	6	1,775,628		686,671
		3,375,815		3,051,206
Creditors: amounts falling due within one year	7	( 1,800,095)		( 1,856,300)
Net current assets		1,575,720		1,194,906
Total assets less current liabilities		1,634,553		1,299,317
Creditors: amounts falling due after more than one year	8	0		( 77,501)
Provision for liabilities		( 1,744)		( 9,520)
Net assets		1,632,809		1,212,296
Capital and reserves
Called-up share capital		100,000		100,000
Profit and loss account		1,532,809		1,112,296
Total shareholders' funds		1,632,809		1,212,296

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

Directors' responsibilities:

• The members have 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 Profit and Loss Account has not been delivered.

The financial statements of Harrison/Parrott Limited (registered number: 02861707) were approved and authorised for issue by the Board of Directors on 23 June 2026. They were signed on its behalf by:

Moema Ellen Ortiz Parrott 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

Harrison/Parrott 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 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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.

Group accounts exemption

Group accounts exemption s399
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover represents the amount of managements fees and commissions from engagements and tours which took place in the year, net of VAT.

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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives.

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.

Fixtures and fittings	5 years straight line
Other property, plant and 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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The company as lessee
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Fixed asset investments

Shares in the Company's subsidiaries are measured at cost less impairment. Dividends are recognised in income when receivable.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Deferred tax provisions are recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds. net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	59		62

3. Tangible assets

	Fixtures and fittings		Other property, plant and equipment		Total
	£		£		£
Cost
At 01 January 2025	104,164		396,130		500,294
Additions	0		18,961		18,961
Disposals	0		( 4,262)		( 4,262)
At 31 December 2025	104,164		410,829		514,993
Accumulated depreciation
At 01 January 2025	103,972		318,007		421,979
Charge for the financial year	192		61,179		61,371
Disposals	0		( 1,094)		( 1,094)
At 31 December 2025	104,164		378,092		482,256
Net book value
At 31 December 2025	0		32,737		32,737
At 31 December 2024	192		78,123		78,315

4. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 January 2025	26,096
At 31 December 2025	26,096
Carrying value at 31 December 2025	26,096
Carrying value at 31 December 2024	26,096

5. Debtors

	2025		2024
	£		£
Trade debtors	797,545		1,485,863
Amounts owed by group undertakings	126,472		320,042
Amounts owed by parent undertakings	8,420		6,428
Other debtors	667,750		552,202
	1,600,187		2,364,535

6. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	1,775,628		686,671

At 31 December 2025, the Company held £890,191 (2024 - £974,862) on behalf of artists and other clients in client bank accounts. These amounts are held on trust and are not assets of the Company. As such, they are not included in the balance sheet.

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	73,334		80,000
Trade creditors	332,384		136,672
Amounts owed to group undertakings	410,800		379,341
Taxation and social security	147,247		136,551
Other creditors	836,330		1,123,736
	1,800,095		1,856,300

The bank loan is secured by fixed and floating charges over the company's assets.

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

	2025		2024
	£		£
Bank loans	0		73,334
Other creditors	0		4,167
	0		77,501

The bank loan is secured by fixed and floating charges over the company's assets.

9. Financial commitments

Commitments

	2025		2024
	£		£
Total future minimum lease payments under non-cancellable operating leases	469,420		597,444