PARENTASSESS LTD


Directors	ABEDIN, Syeda
	WILSON, Rebecca Sianne


Registered Address	Suite 26 Howard Way
	Interchange Park
	Newport Pagnell
	MK16 9PY


Registered Number	05050463 (England and Wales)

Balance Sheet as at
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		8,026		17,695
			8,026		17,695
Current assets
Debtors		121,227		62,117
Cash at bank and on hand		233,188		454,428
		354,415		516,545
Creditors amounts falling due within one year	4	(156,647)		(204,841)
Net current assets (liabilities)			197,768		311,704
Total assets less current liabilities			205,794		329,399
Net assets			205,794		329,399
Capital and reserves
Called up share capital			6		6
Profit and loss account			205,788		329,393
Shareholders' funds			205,794		329,399

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 28 November 2025, and are signed on its behalf by:

WILSON, Rebecca Sianne
Director
Registered Company No. 05050463

PARENTASSESS LTD

Notes to the Financial Statements
for the year ended 28 February 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Fixtures and fittings	-	5
Vehicles	25	-
Office Equipment	38	-

2.	Average number of employees


		2025		2024
	Average number of employees during the year	6		3

3.	Tangible fixed assets

	Vehicles	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 March 24	21,713	16,755	38,468
Additions	-	5,821	5,821
Disposals	(21,713)	-	(21,713)
At 28 February 25	-	22,576	22,576
Depreciation and impairment
At 01 March 24	7,125	13,648	20,773
Charge for year	3,647	902	4,549
On disposals	(10,772)	-	(10,772)
At 28 February 25	-	14,550	14,550
Net book value
At 28 February 25	-	8,026	8,026
At 29 February 24	14,588	3,107	17,695

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	11,653	78,697
Bank borrowings and overdrafts	-	10,727
Taxation and social security	144,994	108,362
Accrued liabilities and deferred income	-	7,055
Total	156,647	204,841

5.	Controlling party
	On 17 October 2024 the company became wholly owned by the ParentAsses Employee Trust.

6.	Further information regarding the company's financial position
	Employee Ownership Trust On 17 October 2024, the shareholder of the company elected to sell 100% of their shares to the Company's employees through the mechanism of an Employee Ownership Trust. ParentAssess Limited made payments of initial consideration and deferred consideration of £353,000 during the year. ParentAssess Limited expects to make future payments of deferred consideration on an annual basis providing that the Company has sufficient distributable cash when the payments fall due.

Further information regarding the company's financial position

Employee Ownership Trust
On 17 October 2024, the shareholder of the company elected to sell 100% of their shares to the Company's employees through the mechanism of an Employee Ownership Trust. ParentAssess Limited made payments of initial consideration and deferred consideration of £353,000 during the year.
ParentAssess Limited expects to make future payments of deferred consideration on an annual basis providing that the Company has sufficient distributable cash when the payments fall due.