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Registered number:  01429527














SEFTON SECURITIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


 
SEFTON SECURITIES LIMITED
REGISTERED NUMBER: 01429527

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
275,000
275,000

  
275,000
275,000

Current assets
  

Debtors: amounts falling due after more than one year
 5 
9,197
-

Debtors: amounts falling due within one year
 5 
4,829
3,720

Cash at bank and in hand
 6 
12
1,214

  
14,038
4,934

Creditors: amounts falling due within one year
 7 
(27,950)
(8,828)

Net current liabilities
  
 
 
(13,912)
 
 
(3,894)

Total assets less current liabilities
  
261,088
271,106

Creditors: amounts falling due after more than one year
 8 
-
(29,172)

  

Net assets
  
261,088
241,934

Difference to be cleared
1

Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
 9 
46,593
46,593

Profit and loss account
 9 
214,396
195,241

  
261,089
241,934


Page 1

 
SEFTON SECURITIES LIMITED
REGISTERED NUMBER: 01429527
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
C. M. Ames
Director

Date: 11 April 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SEFTON SECURITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

The Company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (no. 01429527). The address of the registered office is Greenacre Old Quay Lane, Parkgate, Neston, Cheshire, United Kingdom, CH64 6QR.
These financial statements present information about the Cmpany as an individual undertaking. The principal activity of the Company during the year was the management of real estate.
The presentation currency of these financial statements is £ sterling; the financial statements are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 3

 
SEFTON SECURITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold land and buildings
-
0%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
SEFTON SECURITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


TANGIBLE FIXED ASSETS





Freehold property

£



Cost or valuation


At 1 October 2022
275,000



At 30 September 2023

275,000






Net book value



At 30 September 2023
275,000



At 30 September 2022
275,000


5.


Debtors

2023
2022
£
£

Due after more than one year

Amounts owed by group undertakings
9,197
-

9,197
-


2023
2022
Page 5

 
SEFTON SECURITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.Debtors (continued)

£
£

Due within one year

Trade debtors
2,337
1,170

Prepayments and accrued income
2,492
2,550

4,829
3,720



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
12
1,214

12
1,214



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
7,418
3,284

Other creditors
15,000
-

Accruals and deferred income
5,532
5,544

27,950
8,828



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
-
29,172

-
29,172


Page 6

 
SEFTON SECURITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9.


Reserves

Investment property revaluation reserve

Relates to the revaluation of the freehold property in current and prior periods.

Profit & loss account

Profit and loss account includes all current and prior period profits and losses.


10.


Related party transactions

Included in debtors and creditors are the following amounts due from / (to) related parties at the balance sheet date:


2023
2022
£
£

Sefton Group Limited(The)
9,197
(29,172)

Sefton Group Limited(The) is the parent company.


11.


Controlling party

The Company is a 100% subsidiary of Sefton Group Limited(The), registered in the UK, which is
also the ultimate parent undertaking.

 
Page 7