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REGISTERED NUMBER: 01859307 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SECURE SERVICES LIMITED

SECURE SERVICES LIMITED (REGISTERED NUMBER: 01859307)






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 SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: N Smith
S Turner-Smith





SECRETARY: E Smith





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





REGISTERED NUMBER: 01859307 (England and Wales)





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

SECURE SERVICES LIMITED (REGISTERED NUMBER: 01859307)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 243 -
Investments 5 589,260 546,234
Investment property 6 1,532,350 2,367,142
2,121,853 2,913,376

CURRENT ASSETS
Debtors 7 2,489,357 1,841,710
Cash at bank and in hand 1,628,618 1,750,200
4,117,975 3,591,910
CREDITORS
Amounts falling due within one year 8 (83,953 ) (118,495 )
NET CURRENT ASSETS 4,034,022 3,473,415
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,155,875

6,386,791

CREDITORS
Amounts falling due after more than one
year

9

(1,301,668

)

(1,320,457

)

PROVISIONS FOR LIABILITIES 10 (249,600 ) (248,600 )
NET ASSETS 4,604,607 4,817,734

CAPITAL AND RESERVES
Called up share capital 11 60,135 60,135
Share premium 12 175,904 175,904
Capital redemption reserve 12 60,020 60,020
Retained earnings 12 4,308,548 4,521,675
SHAREHOLDERS' FUNDS 4,604,607 4,817,734

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 SERVICES LIMITED (REGISTERED NUMBER: 01859307)

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 SERVICES LIMITED (REGISTERED NUMBER: 01859307)

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

1. STATUTORY INFORMATION

Secure Services 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.

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.

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.

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.

SECURE SERVICES LIMITED (REGISTERED NUMBER: 01859307)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 5,030 - 5,030
Additions - 304 304
At 31 December 2023 5,030 304 5,334
DEPRECIATION
At 1 January 2023 5,030 - 5,030
Charge for year - 61 61
At 31 December 2023 5,030 61 5,091
NET BOOK VALUE
At 31 December 2023 - 243 243
At 31 December 2022 - - -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 546,234
Revaluations 43,026
At 31 December 2023 589,260
NET BOOK VALUE
At 31 December 2023 589,260
At 31 December 2022 546,234

SECURE SERVICES LIMITED (REGISTERED NUMBER: 01859307)

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

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2022 7,073
Valuation in 2023 43,026
Cost 539,161
589,260

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 2,367,142
Disposals (834,792 )
At 31 December 2023 1,532,350
NET BOOK VALUE
At 31 December 2023 1,532,350
At 31 December 2022 2,367,142

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 990,000
Cost 542,350
1,532,350

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 44,851 11,710
Prepayments 1,040 80,000
45,891 91,710

Amounts falling due after more than one year:
Other debtors 2,443,466 1,750,000

Aggregate amounts 2,489,357 1,841,710

SECURE SERVICES LIMITED (REGISTERED NUMBER: 01859307)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,370 6,405
Tax - 31,333
Social security and other taxes 658 2,252
VAT 9,537 6,470
Other creditors 66,388 72,035
83,953 118,495

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 1,301,668 1,320,457

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 249,600 248,600

Deferred
tax
£   
Balance at 1 January 2023 248,600
Charge to Profit and Loss Account during year 1,000
Balance at 31 December 2023 249,600

11. CALLED UP SHARE CAPITAL

The share capital of the company is comprised of 60,000 Ordinary shares, 94 Ordinary A shares, 25 Ordinary C shares, and 16 Ordinary E shares.

The Ordinary shares have full voting and capital rights. The Ordinary A, Ordinary C, and Ordinary E Shares are non voting.

SECURE SERVICES LIMITED (REGISTERED NUMBER: 01859307)

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

12. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 January 2023 4,521,675 175,904 60,020 4,757,599
Deficit for the year (33,127 ) - - (33,127 )
Dividends (180,000 ) - - (180,000 )
At 31 December 2023 4,308,548 175,904 60,020 4,544,472

The company has recognised the following reserves:

Share premium is comprised of amounts paid for shares in excess of their nominal value.

Capital redemption reserve is comprised of amounts paid on a redemption of shares.

Retained earnings are comprised of accumulated total comprehensive income, less dividends. This reserve includes £1,040,100 (2022 - 997,073) of unrealised gains, which are not distributable.

13. RELATED PARTY DISCLOSURES

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

All dividends paid during the year were to the directors.

14. ULTIMATE CONTROLLING PARTY

The controlling party is N Smith.