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REGISTERED NUMBER: 12490414 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SECURE F I SERVICES LIMITED

SECURE F I SERVICES LIMITED (REGISTERED NUMBER: 12490414)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SECURE F I SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: S Turner-Smith
E Smith
N Smith





REGISTERED OFFICE: Westington Close
Westington
Chipping Campden
Gloucestershire
GL55 6EG





REGISTERED NUMBER: 12490414 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

SECURE F I SERVICES LIMITED (REGISTERED NUMBER: 12490414)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 62,307 65,872
Investment property 5 7,904,442 7,299,379
7,966,749 7,365,251

CURRENT ASSETS
Debtors 6 103,182 18,973
Cash at bank 64,779 8,778
167,961 27,751
CREDITORS
Amounts falling due within one year 7 (53,184 ) (24,811 )
NET CURRENT ASSETS 114,777 2,940
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,081,526

7,368,191

CREDITORS
Amounts falling due after more than one
year

8

(6,844,816

)

(6,181,350

)

PROVISIONS FOR LIABILITIES 9 (301,400 ) (302,300 )
NET ASSETS 935,310 884,541

CAPITAL AND RESERVES
Called up share capital 10 60 60
Revaluation reserve 11 1,143,269 1,143,269
Retained earnings 11 (208,019 ) (258,788 )
SHAREHOLDERS' FUNDS 935,310 884,541

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

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

SECURE F I SERVICES LIMITED (REGISTERED NUMBER: 12490414)

BALANCE SHEET - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2024 and were signed on its behalf by:





N Smith - Director


SECURE F I SERVICES LIMITED (REGISTERED NUMBER: 12490414)

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

1. STATUTORY INFORMATION

Secure F I Services Limited is a private company , 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.

Significant judgements and estimates
Significant judgements and estimations are involved in the valuation of investment property by the directors at the year end.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

SECURE F I SERVICES LIMITED (REGISTERED NUMBER: 12490414)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023 117,414
Additions 24,896
At 31 December 2023 142,310
DEPRECIATION
At 1 January 2023 51,542
Charge for year 28,461
At 31 December 2023 80,003
NET BOOK VALUE
At 31 December 2023 62,307
At 31 December 2022 65,872

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 7,299,379
Additions 605,063
At 31 December 2023 7,904,442
NET BOOK VALUE
At 31 December 2023 7,904,442
At 31 December 2022 7,299,379

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 1,116,433
Valuation in 2020 26,836
Cost 6,761,173
7,904,442

SECURE F I SERVICES LIMITED (REGISTERED NUMBER: 12490414)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,620 18,973
Other debtors 86,562 -
103,182 18,973

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 35,717 4,848
Taxation and social security 13,667 17,163
Other creditors 3,800 2,800
53,184 24,811

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 6,844,816 6,181,350

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 301,400 302,300

Deferred
tax
£   
Balance at 1 January 2023 302,300
Credit to Profit and Loss Account during year (900 )
Balance at 31 December 2023 301,400

10. CALLED UP SHARE CAPITAL

The share capital of the company is comprised of 20 A Ordinary shares, 10 B Ordinary shares, 10 C Ordinary shares, 10 D Ordinary shares, and 10 E Ordinary shares.

SECURE F I SERVICES LIMITED (REGISTERED NUMBER: 12490414)

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

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2023 (258,788 ) 1,143,269 884,481
Profit for the year 50,769 - 50,769
At 31 December 2023 (208,019 ) 1,143,269 935,250

The company has recognised the following reserves:

Revaluation reserve is comprised of accumulated unrealised gains and losses on fixed asset investments and investment property.

Retained earnings are comprised of accumulated total comprehensive income, less dividends.

12. RELATED PARTY DISCLOSURES

At the year end, the company owed £793,465 (2022 - £100,000) to a company controlled by a director. Interest of 5% per annum is applied to the loan. There is no set date for repayment.

13. ULTIMATE CONTROLLING PARTY

The controlling party is N Smith.