SECR LIMITED

Company Registration Number:
09312616 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

SECR LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

SECR LIMITED

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 400,599 360,800
Total fixed assets: 400,599 360,800
Current assets
Debtors:   0 3,000
Cash at bank and in hand: 20,737 9,667
Total current assets: 20,737 12,667
Creditors: amounts falling due within one year:   (298,743) (303,270)
Net current assets (liabilities): (278,006) (290,603)
Total assets less current liabilities: 122,593 70,197
Provision for liabilities: (31,709) (24,109)
Total net assets (liabilities): 90,884 46,088
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:4135,183102,783
Profit and loss account: (44,399) (56,795)
Shareholders funds: 90,884 46,088

The notes form part of these financial statements

SECR LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 August 2024
and signed on behalf of the board by:

Name: C Brown
Status: Director

The notes form part of these financial statements

SECR LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the value of fees charged (excluding VAT) during the year.

Tangible fixed assets and depreciation policy

Tangible Fixed AssetsTangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at the following annual rate in order to write off each asset over its estimated useful life.Office Equipment – 25% reducing balance basisMotor Vehicle – 25% reducing balance basis

Other accounting policies

Debtors and Creditors Receivable/Payable Within One YearDebtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.Investment PropertiesInvestment properties are included in the balance sheet at their open market value, as determined by the Directors of the Company and no depreciation is provided.Deferred TaxationTaxation represents the sum of tax currently payable and deferred tax. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.Going ConcernThe accounts have been prepared on the assumption that the Company is able to carry on business as a going concern, which the Directors consider appropriate. At the Balance Sheet date the Company's current liabilities exceeded its current assets. The Company has received assurances from the Directors that they will continue to give financial support to the Company for twelve months from the date of signing these financial statements.

SECR LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

SECR LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 367,200
Revaluations 40,000
At 30 November 2023 407,200
Depreciation
At 01 December 2022 6,400
Charge for year 201
At 30 November 2023 6,601
Net book value
At 30 November 2023 400,599
At 30 November 2022 360,800

The Directors have reviewed the market value of the freehold investment property as at 30 November 2023 and have incorporated the outcome of the revaluation process in these accounts at £400,000. The original cost of the property was £233,108.

SECR LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Revaluation reserve

2023
£
Balance at 01 December 2022 102,783
Surplus or deficit after revaluation 32,400
Balance at 30 November 2023 135,183