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REGISTERED NUMBER: 01184587 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

UNDERWATER SECURITY CONSULTANTS LIMITED

UNDERWATER SECURITY CONSULTANTS LIMITED (REGISTERED NUMBER: 01184587)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Balance sheet 1

Notes to the financial statements 2


UNDERWATER SECURITY CONSULTANTS LIMITED (REGISTERED NUMBER: 01184587)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 - -
Investments 5 17,553 17,553
17,553 17,553

Current assets
Debtors 6 - 232,951
Cash at bank 83 -
83 232,951
Creditors
Amounts falling due within one year 7 5,326 1,500
Net current (liabilities)/assets (5,243 ) 231,451
Total assets less current liabilities 12,310 249,004

Capital and reserves
Called up share capital 8 100 100
Retained earnings 12,210 248,904
Shareholders' funds 12,310 249,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Mr M N Gray - Director


UNDERWATER SECURITY CONSULTANTS LIMITED (REGISTERED NUMBER: 01184587)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. Statutory information

Underwater Security Consultants Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 01184587. The registered office address and business address is H Q S Wellington, Temple Stairs, Victoria Embankment, London, WC2R 2PN.

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 represents amounts receivable, excluding value added tax, in respect of security services provided in the ordinary course of business. Turnover is recognised when the service has been provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 5 (2023 - 5 ) .

UNDERWATER SECURITY CONSULTANTS LIMITED (REGISTERED NUMBER: 01184587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 July 2023 574,543 14,640 350,055 939,238
Disposals (574,543 ) (14,640 ) (350,055 ) (939,238 )
At 30 June 2024 - - - -
Depreciation
At 1 July 2023 574,543 14,640 350,055 939,238
Eliminated on disposal (574,543 ) (14,640 ) (350,055 ) (939,238 )
At 30 June 2024 - - - -
Net book value
At 30 June 2024 - - - -
At 30 June 2023 - - - -

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 July 2023
and 30 June 2024 17,553
Net book value
At 30 June 2024 17,553
At 30 June 2023 17,553

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors - 232,851
Other debtors - 100
- 232,951

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Amounts owed to group undertakings 1,500 1,500
Directors' current accounts 2,026 -
Accruals and deferred income 1,800 -
5,326 1,500

UNDERWATER SECURITY CONSULTANTS LIMITED (REGISTERED NUMBER: 01184587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £0.10 100 100

9. Ultimate controlling party

The company is controlled by its parent company, Hill College Holdings Ltd, by virtue of its 100% ownership of the issued share capital.

The parent company's registered office address is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH.

The directors, Mr Mark Gray and Mr Nicholas Holtby, ultimately control the company by virtue of their combined 75.08% ownership of the parent company's issued share capital.

10. First year adoption

These financial statements for the year ended 30 June 2024 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 July 2022.

The transition to FRS102 Section 1A small entities has resulted in a small number of changes in accounting policies to those previously used.

The nature of these changes and their impact on opening equity and profit, where applicable, is detailed in the notes to these financial statements.