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REGISTERED NUMBER: 10055204 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Vizsec Holdings Limited

Vizsec Holdings Limited (Registered number: 10055204)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vizsec Holdings Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: R Waldron
S Bland
A E Dawson





REGISTERED OFFICE: Vizsec House
Robson Avenue
Teesside Industrial Estate
Thornaby on Tees
Cleveland
TS17 9LS





REGISTERED NUMBER: 10055204 (England and Wales)





ACCOUNTANT: Ann Travis Accountancy Services
9 Sherburn Terrace
Wrekenton
Gateshead
Tyne and Wear
NE9 7AQ

Vizsec Holdings Limited (Registered number: 10055204)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,325,987 1,325,987

CURRENT ASSETS
Cash at bank and in hand 356 456

CREDITORS
Amounts falling due within one year 5 81,850 81,851
NET CURRENT LIABILITIES (81,494 ) (81,395 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,244,493

1,244,592

CREDITORS
Amounts falling due after more than
one year

6

1,041,553

991,817
NET ASSETS 202,940 252,775

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 202,740 252,575
SHAREHOLDERS' FUNDS 202,940 252,775

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

Vizsec Holdings Limited (Registered number: 10055204)

Balance Sheet - continued
30 April 2023


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 14 November 2023 and were signed on its behalf by:




A E Dawson - Director



R Waldron - Director


Vizsec Holdings Limited (Registered number: 10055204)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Vizsec Holdings Limited 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Vizsec Holdings Limited (Registered number: 10055204)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2022
and 30 April 2023 1,325,987
NET BOOK VALUE
At 30 April 2023 1,325,987
At 30 April 2022 1,325,987

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors (1 ) -
Other creditors 81,851 81,851
81,850 81,851

Secured by way of debenture on all freehold and leasehold property.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.23 30.4.22
£    £   
Amounts owed to group undertakings 645,256 545,080
Other creditors 396,297 446,737
1,041,553 991,817

Amounts falling due in more than five years:

Repayable by instalments
Guaranteed Secured
Loan Notes 2016 396,297 446,737
396,297 446,737

Loan Notes secured by way of debenture on all freehold and leasehold property.