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REGISTERED NUMBER: 10552068 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

SEC Investments Ltd

SEC Investments Ltd (Registered number: 10552068)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SEC Investments Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S Corns
R Corns
Mrs L J Corns





REGISTERED OFFICE: 109 Church View Gardens
Kinver
West Midlands
DY7 6EF





REGISTERED NUMBER: 10552068 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

SEC Investments Ltd (Registered number: 10552068)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 641,206 640,000

CURRENT ASSETS
Debtors 5 978 20,047
Cash at bank 159,027 75,860
160,005 95,907
CREDITORS
Amounts falling due within one year 6 82,085 19,252
NET CURRENT ASSETS 77,920 76,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

719,126

716,655

CAPITAL AND RESERVES
Called up share capital 7 136 136
Revaluation reserve 8 169,507 169,507
Retained earnings 8 549,483 547,012
SHAREHOLDERS' FUNDS 719,126 716,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





R Corns - Director


SEC Investments Ltd (Registered number: 10552068)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

SEC Investments Ltd 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.

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.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

SEC Investments Ltd (Registered number: 10552068)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2023 640,000
Additions 1,206
At 31 March 2024 641,206
NET BOOK VALUE
At 31 March 2024 641,206
At 31 March 2023 640,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by associates - 20,047
Prepayments and accrued income 978 -
978 20,047

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed to associates 62,651 -
Tax 4,567 7,495
Other creditors 1,700 1,700
Directors' current accounts 12,604 9,547
Accrued expenses 563 510
82,085 19,252

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
64 Ordinary A £1 68 68
64 Ordinary B £1 68 68
136 136

SEC Investments Ltd (Registered number: 10552068)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 547,012 169,507 716,519
Profit for the year 19,471 19,471
Dividends (17,000 ) (17,000 )
At 31 March 2024 549,483 169,507 718,990