PARSEQ_(HELLABY)_LIMITED - Accounts

The directors present their annual report and financial statements for the year ended 31 December 2019.

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

The company maintains liability insurance for its directors and officers. Following shareholder approval in July 2008 the Company has also provided an indemnity for its directors and the secretary, which is a qualifying third party indemnity provision for the purposes of the Companies Act 2006.

There are no post balance sheet events.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

For the financial year ended 31 December 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

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.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Parseq (Hellaby) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lowton Way, Hellaby, Rotherham, S66 8RY.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The average monthly number of persons (including directors) employed by the company during the year was:

Following the sale of the Parseq group in February 2019, the ultimate parent undertaking is Parabellum Investments Limited, a limited company registered in London, and the ultimate controlling party is Rami Cassis. These financial statements are consolidated within Parabellum Investments (UK) Limited whose financial statements can be obtained from 8th Floor, 125 Old Broad Street, London, EC2N 1AR. The immediate parent company is Parseq Limited which is the smallest group in which the company's results are consolidated whose financial statements can be obtained from Lowton Way, Hellaby, Rotherham, South Yorkshire, S66 8RY.