LONDON SECURITY SYNDICATE LTD

Company Registration Number:
13954040 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

LONDON SECURITY SYNDICATE LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

LONDON SECURITY SYNDICATE LTD

Balance sheet

As at 31 March 2024


Notes

2024

13 months to 31 March 2023


£

£
Called up share capital not paid: 100 100
Fixed assets
Tangible assets: 3 167,950 122,500
Total fixed assets: 167,950 122,500
Current assets
Cash at bank and in hand: 61,171 59,397
Total current assets: 61,171 59,397
Creditors: amounts falling due within one year: 4 (205,408) (168,173)
Net current assets (liabilities): (144,237) (108,776)
Total assets less current liabilities: 23,813 13,824
Total net assets (liabilities): 23,813 13,824
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 23,713 13,724
Shareholders funds: 23,813 13,824

The notes form part of these financial statements

LONDON SECURITY SYNDICATE LTD

Balance sheet statements

For the year ending 31 March 2024 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 30 November 2024
and signed on behalf of the board by:

Name: Mr Lee Paul Turner
Status: Director

The notes form part of these financial statements

LONDON SECURITY SYNDICATE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Turnover: £266,435.00, Cost of Sales: £242,722.00, Profit: £23,713.00

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Other accounting policies

A financial asset or financial liability is recognised only when the equity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

LONDON SECURITY SYNDICATE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 13 months to 31 March 2023
Average number of employees during the period 4 3

LONDON SECURITY SYNDICATE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 122,500
Additions 45,450
At 31 March 2024 167,950
Net book value
At 31 March 2024 167,950
At 31 March 2023 122,500

LONDON SECURITY SYNDICATE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

£205,408.00