REGISTERED NUMBER: 13814811 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Parrett Q&S Holdings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A G Lawrence

B P Nicholls

P J Nicholls

Mrs A J Nicholls

REGISTERED OFFICE:

The Orchard

Berrow Road

Burnham-on-Sea

Somerset

TA8 2JJ

REGISTERED NUMBER:

13814811 (England and Wales)

FIXED ASSETS

Investments

4

969,690

969,690

CURRENT ASSETS

Debtors

5

189,185

184,693

Cash at bank

40,969

49,757

230,154

234,450

CREDITORS

Amounts falling due within one year

6

942

121,302

NET CURRENT ASSETS

229,212

113,148

TOTAL ASSETS LESS CURRENT LIABILITIES

1,198,902

1,082,838

CREDITORS

Amounts falling due after more than one year

7

826,835

708,547

NET ASSETS

372,067

374,291

CAPITAL AND RESERVES

Called up share capital

300

300

Revaluation reserve

8

379,999

379,999

Retained earnings

(8,232

)

(6,008

)

372,067

374,291

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 21 September 2026 and were signed on its behalf by:

P J Nicholls - Director

A G Lawrence - Director

1.	STATUTORY INFORMATION

Parrett Q&S Holdings Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST OR VALUATION

At 1 January 2025

and 31 December 2025

969,690

NET BOOK VALUE

At 31 December 2025

969,690

At 31 December 2024

969,690

Cost or valuation at 31 December 2025 is represented by:

Shares in

group

undertaking

£

Valuation in 2024

379,999

Cost

589,691

969,690

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

43,259

-

Amounts owed by group undertakings

113,426

152,193

Other debtors

32,500

32,500

189,185

184,693

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

-

60,000

Directors' current accounts

-

59,850

Accruals and deferred income

942

1,452

942

121,302

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Preference shares

55,000

55,000

Amounts owed to group undertakings

681,985

653,547

Other creditors

45,000

-

Directors' loan accounts

44,850

-

826,835

708,547

8.

RESERVES

Revaluation

reserve

£

At 1 January 2025

and 31 December 2025

379,999

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

A G Lawrence

Balance outstanding at start of year

(59,850

)

(59,850

)

Amounts repaid

15,000

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(44,850

)

(59,850

)