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REGISTERED NUMBER: 02743739 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

GUILDHALL SECURITY LIMITED

GUILDHALL SECURITY LIMITED (REGISTERED NUMBER: 02743739)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GUILDHALL SECURITY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mr M S Shah
Mr V Shah
Mr N Shah





SECRETARY: Mr M S Shah





REGISTERED OFFICE: 1 Doughty Street
London
WC1N 2PH





REGISTERED NUMBER: 02743739 (England and Wales)






GUILDHALL SECURITY LIMITED (REGISTERED NUMBER: 02743739)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 368,781 370,724

CURRENT ASSETS
Debtors 5 1,774,805 1,649,382
Cash at bank 1,369,847 1,110,832
3,144,652 2,760,214
CREDITORS
Amounts falling due within one year 6 267,204 152,414
NET CURRENT ASSETS 2,877,448 2,607,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,246,229

2,978,524

CREDITORS
Amounts falling due after more than one year 7 24,473 57,896
NET ASSETS 3,221,756 2,920,628

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 3,221,656 2,920,528
SHAREHOLDERS' FUNDS 3,221,756 2,920,628

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

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

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 26th November 2023 and were signed on its behalf by:





Mr M S Shah - Director


GUILDHALL SECURITY LIMITED (REGISTERED NUMBER: 02743739)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Guildhall Security 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 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Government grants
Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment.

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments.

Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

GUILDHALL SECURITY LIMITED (REGISTERED NUMBER: 02743739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


4. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Shares in group undertakings 6,862 6,862
Participating interests 125 125
Loans to undertakings in which the company has a
participating interest

212,375

212,375
Other investments not loans 149,419 151,362
368,781 370,724

Additional information is as follows:
Interest
Shares in in other
group participating Other
undertakings interests investments Totals
£    £    £    £   
COST OR VALUATION
At 1st April 2022 6,862 125 152,168 159,155
Additions - - 2,522 2,522
At 31st March 2023 6,862 125 154,690 161,677
PROVISIONS
At 1st April 2022 - - 806 806
Provision for year - - 4,465 4,465
At 31st March 2023 - - 5,271 5,271
NET BOOK VALUE
At 31st March 2023 6,862 125 149,419 156,406
At 31st March 2022 6,862 125 151,362 158,349

Cost or valuation at 31st March 2023 is represented by:

Interest
Shares in in other
group participating Other
undertakings interests investments Totals
£    £    £    £   
Valuation in 2021 - - (6,521 ) (6,521 )
Valuation in 2022 - - 5,715 5,715
Valuation in 2023 - - (4,465 ) (4,465 )
Cost 6,862 125 159,961 166,948
6,862 125 154,690 161,677
Loans to
other
participating
interests
£   
At 1st April 2022
and 31st March 2023 212,375

GUILDHALL SECURITY LIMITED (REGISTERED NUMBER: 02743739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,483,579 1,229,579
Amounts owed by group undertakings 291,226 419,803
1,774,805 1,649,382

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 31,667 8,334
Taxation and social security 183,337 140,193
Other creditors 52,200 3,887
267,204 152,414

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 33,333
Amounts owed to group undertakings 9,039 9,129
Other creditors 15,434 15,434
24,473 57,896

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Share capital 1 £0.01 100 100
(2022 - NIL)

9. TRANSACTIONS WITH DIRECTORS

An amount of £699,080 (including interest) (2022:£723,080) is due from the Directors and a close family member as at the year end. This was charged at normal commercial rates in the ordinary course of business of the company.