Silverfin false false 31/03/2024 01/04/2023 31/03/2024 L K Blair 07/10/2016 M L Muxlow 07/10/2016 M S Muxlow 07/10/2016 S M Muxlow 07/10/2016 30 September 2024 The principal activity of the Company during the financial year was the rental of commercial property. 10416224 2024-03-31 10416224 bus:Director1 2024-03-31 10416224 bus:Director2 2024-03-31 10416224 bus:Director3 2024-03-31 10416224 bus:Director4 2024-03-31 10416224 2023-03-31 10416224 core:CurrentFinancialInstruments 2024-03-31 10416224 core:CurrentFinancialInstruments 2023-03-31 10416224 core:ShareCapital 2024-03-31 10416224 core:ShareCapital 2023-03-31 10416224 core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 10416224 core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 10416224 core:RetainedEarningsAccumulatedLosses 2024-03-31 10416224 core:RetainedEarningsAccumulatedLosses 2023-03-31 10416224 core:CostValuation 2023-03-31 10416224 core:CostValuation 2024-03-31 10416224 2023-04-01 2024-03-31 10416224 bus:FilletedAccounts 2023-04-01 2024-03-31 10416224 bus:SmallEntities 2023-04-01 2024-03-31 10416224 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10416224 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10416224 bus:Director1 2023-04-01 2024-03-31 10416224 bus:Director2 2023-04-01 2024-03-31 10416224 bus:Director3 2023-04-01 2024-03-31 10416224 bus:Director4 2023-04-01 2024-03-31 10416224 2022-04-01 2023-03-31 10416224 core:Subsidiary1 2023-04-01 2024-03-31 10416224 core:Subsidiary1 1 2023-04-01 2024-03-31 10416224 core:Subsidiary1 1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure decimalUnit

Company No: 10416224 (England and Wales)

SECURE HOLDINGS (YEOVIL) LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

SECURE HOLDINGS (YEOVIL) LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

SECURE HOLDINGS (YEOVIL) LIMITED

BALANCE SHEET

As at 31 March 2024
SECURE HOLDINGS (YEOVIL) LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 800,000 800,000
Investments 4 100 100
800,100 800,100
Current assets
Debtors 5 9,277 2,937
Cash at bank and in hand 6 96,335 57,857
105,612 60,794
Creditors: amounts falling due within one year 7 ( 24,538) ( 48,522)
Net current assets 81,074 12,272
Total assets less current liabilities 881,174 812,372
Provision for liabilities ( 43,778) ( 43,778)
Net assets 837,396 768,594
Capital and reserves
Called-up share capital 300,100 300,100
Fair value reserve 90,219 90,219
Profit and loss account 447,077 378,275
Total shareholders' funds 837,396 768,594

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Secure Holdings (Yeovil) Limited (registered number: 10416224) were approved and authorised for issue by the Board of Directors on 30 September 2024. They were signed on its behalf by:

L K Blair
Director
SECURE HOLDINGS (YEOVIL) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
SECURE HOLDINGS (YEOVIL) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Secure Holdings (Yeovil) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Security House, 3 Oxford Road, Pen Mill Trading Estate, Yeovil, BA21 5HR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the rental of commercial property, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Investment property

Investment property
£
Valuation
As at 01 April 2023 800,000
As at 31 March 2024 800,000

Valuation

Investment properties were revalued at 31 March 2024 by the directors, who are internal to the company. The basis of this revaluation was open market value. The historical cost of the properties is £666,003 (2023: £666,003)

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 April 2023 100
At 31 March 2024 100
Carrying value at 31 March 2024 100
Carrying value at 31 March 2023 100

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.03.2024
Ownership
31.03.2023
Security and Electrical Services (Yeovil) Limited Security House, 3 Oxford Road, Pen Mill Trading Estate, Yeovil, Somerset, BA21 5HR Installation and maintenance of security and alarm systems Ordinary 100.00% 100.00%

5. Debtors

2024 2023
£ £
Other debtors 9,277 2,937

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 96,335 57,857

7. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 3,894 24,894
Taxation and social security 7,151 10,156
Other creditors 13,493 13,472
24,538 48,522

8. Related party transactions

Transactions with the entity's directors

Advances

Loan accounts with directors are repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 April 2023, the balance due from S M Muxlow was £nil (2023: £nil). During the year, £6,000 (2023: £nil) was advanced to the director, and £nil (2023: £nil) was repaid by the director. The balance due from S M Muxlow at 31 March 2024 was £6,000 (2023: £nil).