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REGISTERED NUMBER: 03425081 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SECLAND GROUP LIMITED

SECLAND GROUP LIMITED (REGISTERED NUMBER: 03425081)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SECLAND GROUP LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: D C Hinde





REGISTERED OFFICE: The Priory
Priory Road
Wolston
Coventry
West Midlands
CV8 3FX





REGISTERED NUMBER: 03425081 (England and Wales)





ACCOUNTANTS: SFB Group Limited
Chartered Accountants
Manor Court Chambers
Townsend Drive
Nuneaton
Warwickshire
CV11 6RU

SECLAND GROUP LIMITED (REGISTERED NUMBER: 03425081)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,165,758 5,591,297
6,165,758 5,591,297

CURRENT ASSETS
Stocks 103,500 103,450
Debtors 6 806,407 765,426
Cash at bank 50,987 150,047
960,894 1,018,923
CREDITORS
Amounts falling due within one year 7 1,008,587 698,681
NET CURRENT (LIABILITIES)/ASSETS (47,693 ) 320,242
TOTAL ASSETS LESS CURRENT LIABILITIES 6,118,065 5,911,539

CREDITORS
Amounts falling due after more than one year 8 (2,342,685 ) (2,238,639 )

PROVISIONS FOR LIABILITIES (538,459 ) (552,872 )
NET ASSETS 3,236,921 3,120,028

CAPITAL AND RESERVES
Called up share capital 128 128
Share premium 1,422 1,422
Revaluation reserve 2,114,148 1,943,491
Retained earnings 1,121,223 1,174,987
SHAREHOLDERS' FUNDS 3,236,921 3,120,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SECLAND GROUP LIMITED (REGISTERED NUMBER: 03425081)

BALANCE SHEET - continued
31 March 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 director and authorised for issue on 6 February 2024 and were signed by:





D C Hinde - Director


SECLAND GROUP LIMITED (REGISTERED NUMBER: 03425081)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Secland Group 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Licence are being amortised evenly over their estimated useful life of nil years.

Amortisation
Amortisation is provided at the following annual rates in order to write off the cost of the asset less it's estimated residual value, over it's estimated useful life as follows:-

Licence - 5% on cost

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 33% on cost, 20% on cost, 10% on cost and 2% on cost
Plant and machinery etc - 10% on reducing balance

Freehold property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in other comprehensive income.

Work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


SECLAND GROUP LIMITED (REGISTERED NUMBER: 03425081)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 31,114
AMORTISATION
At 1 April 2022
and 31 March 2023 31,114
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 5,385,034 863,011 6,248,045
Additions 4,469 446,289 450,758
Disposals - (22,036 ) (22,036 )
Revaluations 227,541 - 227,541
At 31 March 2023 5,617,044 1,287,264 6,904,308
DEPRECIATION
At 1 April 2022 206,631 450,117 656,748
Charge for year 14,245 87,298 101,543
Eliminated on disposal - (19,741 ) (19,741 )
At 31 March 2023 220,876 517,674 738,550
NET BOOK VALUE
At 31 March 2023 5,396,168 769,590 6,165,758
At 31 March 2022 5,178,403 412,894 5,591,297

SECLAND GROUP LIMITED (REGISTERED NUMBER: 03425081)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2018 1,378,862 - 1,378,862
Valuation in 2019 568,679 - 568,679
Valuation in 2022 464,172 - 464,172
Valuation in 2023 227,541 - 227,541
Cost 2,977,790 1,287,264 4,265,054
5,617,044 1,287,264 6,904,308

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 268,815 246,809
Other debtors 537,592 518,617
806,407 765,426

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 51,020 3,340
Hire purchase contracts 26,066 21,282
Trade creditors 447,920 362,612
Taxation and social security 48,107 64,818
Other creditors 435,474 246,629
1,008,587 698,681

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 65,311 19,907
Other creditors 2,277,374 2,218,732
2,342,685 2,238,639

Amounts falling due in more than five years:

Repayable by instalments
Loans more than 5yrs
by instalments 900,980 1,513,038
900,980 1,513,038

SECLAND GROUP LIMITED (REGISTERED NUMBER: 03425081)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Property Loans 2,323,580 1,547,000

Property loans totalling £2,323,580 (2022 £1,547,000) are secured by a fixed and floating charges over the assets of the company.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
D C Hinde
Balance outstanding at start of year 189,538 67,208
Amounts advanced 221,078 190,590
Amounts repaid (302,845 ) (68,260 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 107,771 189,538

The director has repaid this loan within 9 months of the reporting date.