Company registration number 07202860 (England and Wales)
CHRISTIE INTRUDER ALARMS LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
CHRISTIE INTRUDER ALARMS LIMITED
COMPANY INFORMATION
- 1 -
Directors
Ms. H Wheeler
Mr. A Norris
Mr F E Kandel Munoz
(Appointed 1 May 2024)
Secretary
Goodwille Limited
Company number
07202860
Registered office
Cobra House
Wavendon Business Park
Ortensia Drive
Milton Keynes
United Kingdom
MK17 8LX
Auditor
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
CHRISTIE INTRUDER ALARMS LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2
Statement of changes in equity
3
Notes to the financial statements
4 - 14
CHRISTIE INTRUDER ALARMS LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 2 -
28 February 2025
31 December 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
6
-
0
21,592
Current assets
Stocks
7
-
108,590
Debtors
8
95
5,389,550
Cash at bank and in hand
-
0
3,156
95
5,501,296
Creditors: amounts falling due within one year
9
-
0
(1,779,239)
Net current assets
95
3,722,057
Total assets less current liabilities
95
3,743,649
Provisions for liabilities
10
-
0
(48,300)
Net assets
95
3,695,349
Capital and reserves
Called up share capital
12
95
95
Share premium account
-
0
1,094,905
Profit and loss reserves
-
0
2,600,349
Total equity
95
3,695,349

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 April 2025 and are signed on its behalf by:
Mr. A Norris
Director
Company registration number 07202860 (England and Wales)
CHRISTIE INTRUDER ALARMS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 28 FEBRUARY 2025
- 3 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2023
95
1,094,905
2,059,571
3,154,571
Year ended 31 December 2023:
Profit and total comprehensive income
-
-
540,778
540,778
Balance at 31 December 2023
95
1,094,905
2,600,349
3,695,349
Period ended 28 February 2025:
Profit and total comprehensive income
-
-
316,057
316,057
Dividends
-
-
(4,011,311)
(4,011,311)
Transfers
-
-
1,094,905
1,094,905
Other movements
-
(1,094,905)
-
(1,094,905)
Balance at 28 February 2025
95
-
0
-
0
95
CHRISTIE INTRUDER ALARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025
- 4 -
1
Accounting policies
Company information

Christie Intruder Alarms Limited is a private company limited by shares incorporated in England and Wales. The registered office is Cobra House, Wavendon Business Park, Ortensia Drive, Milton Keynes, United Kingdom, MK17 8LX.

1.1
Reporting period

The reporting period has been extended to bring the financial statements in line with the cessation of trade. Comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

CHRISTIE INTRUDER ALARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 5 -

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

 

The financial statements are included in the consolidated financial statements of Securitas AB. Consolidated accounts are available at www.securitas.com/en/investors.

 

CHRISTIE INTRUDER ALARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 6 -
1.3
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. Subsequent to the acquisition by Securitas, the group structure is being reviewed with various options such as merging company operations under review. As at the date of signing, no plans have been formalised that would impact the appropriateness of the going concern basis of preparation.

In preparing these financial statements the directors are required to consider the appropriateness of the going concern assumption, the ability of the company to continue to operate for a period of at least 12 months after the date the financial statements are approved.

 

As at 31 December 2023, the company had net current assets of £3,722,057.

 

However effective 31 January 2025 the company transferred it's trade and certain assets to a fellow group company, for the continuation of the business from elsewhere in the group, ceasing the operations of this company.  All new business and contractual engagements with customers are now being engaged by the sister company directly instead of this company, with this company continuing only for as long as is necessary to fulfil its remaining customer contracts. All staff have been transferred to the sister company. Once all residual ledger balances have been settled, the directors intend to transfer all remaining funds to the parent company and then either continue the company as a dormant company, or dissolve the company altogether.

 

Accordingly, the directors have assessed that it is not appropriate for the financial statements to be prepared on the going concern basis.

 

Financial statements prepared on a basis other than going concern, present all assets at the lower of their cost or realisable value, and present all liabilities as falling due within one year at the value of the future cash outflows expected.

 

Although these financial statements have been prepared on a basis other than going concern, due to the nature of the company's assets and liabilities at its balance sheet dates, there has been no impact on the reported performance or position of the company as a result of the financial statements having been prepared on this basis.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, 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.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

CHRISTIE INTRUDER ALARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 7 -

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

Turnover from maintenance contracts is recognised over the contract term in which it relates.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
33.33% straight line
Fixtures, fittings & equipment
20% to 33.33% straight line
Computer equipment
20% to 33.33% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

 

No depreciation is charged for the first year after acquisition.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.7
Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

CHRISTIE INTRUDER ALARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 8 -
1.8
Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Current tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

 

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

1.9
Provisions

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

 

Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

 

When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

1.10
Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

 

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

1.11
Leases
CHRISTIE INTRUDER ALARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 9 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.12

Interest Income

Interest income is recognised in profit or loss using the effective interest method.

1.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

1.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method.

2
Judgements and key sources of estimation uncertainty
Key sources of estimation uncertainty

In the process of applying the Group's accounting policies, management has made the following judgement, which has the most significant effect on the amounts in the financial statements.

Goodwill

The assessment of the useful economic life of goodwill requires judgement. Amortisation is charged to the Statement of Comprehensive Income based on the useful economic life selected, which requires an estimation of the period and profile over which the company expects to consume the future economic benefit embodied in the assets.

Deferred Tax

Management estimation is required to determine the amount of deferred tax assets that can be recognised. Such calculations are sensitive to the likely timing and level of future taxable profits.

Estimates and assumptions

There were no key sources of estimation uncertainty made in the application of accounting policies.

3
Loss on disposal of operations

On 31 January 2025 the company ceased trading and transferred all it's trade and assets to its immediate parent company Securitas Technology Limited at book value of £4,011,311. The deemed book value was based on the accounting standard adopted by the parent company. Consequently, the deemed book value of the trade and assets was lower than that reported by Christie Intruder Alarms Limited under FRS 102 resulting in a loss on disposal, including costs directly relating to the disposal, of £587,452.

CHRISTIE INTRUDER ALARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
- 10 -
4
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2025
2023
Number
Number
Installation and maintenance
27
46
Administration and selling
21
32
Total
48
78
5
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024
6,409,632
Disposals
(6,409,632)
At 28 February 2025
-
0
Amortisation and impairment
At 1 January 2024
6,409,632
Disposals
(6,409,632)
At 28 February 2025
-
0
Carrying amount
At 28 February 2025
-
0
At 31 December 2023
-
0
CHRISTIE INTRUDER ALARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
- 11 -
6
Tangible fixed assets
Land and buildings Leasehold
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2024
158,912
12,476
97,695
46,632
315,715
Additions
-
0
-
0
26,113
-
0
26,113
Disposals
(158,912)
(12,476)
(123,808)
(46,632)
(341,828)
At 28 February 2025
-
0
-
0
-
0
-
0
-
0
Depreciation and impairment
At 1 January 2024
149,583
12,476
85,432
46,632
294,123
Depreciation charged in the Period
1,740
-
0
14,530
-
0
16,270
Eliminated in respect of disposals
(151,323)
(12,476)
(99,962)
(46,632)
(310,393)
At 28 February 2025
-
0
-
0
-
0
-
0
-
0
Carrying amount
At 28 February 2025
-
0
-
0
-
0
-
0
-
0
At 31 December 2023
9,329
-
0
12,263
-
0
21,592

All fixed assets were transferred at book value on 31 January 2025 to Securitas Technology Limited.

7
Stocks
2025
2023
£
£
Stocks
-
108,590
CHRISTIE INTRUDER ALARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
- 12 -
8
Debtors
2025
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
408,084
Amounts owed by group undertakings
95
4,807,760
Prepayments and accrued income
-
0
77,298
95
5,293,142
Deferred tax asset (note 11)
-
0
26,581
95
5,319,723
2025
2023
Amounts falling due after more than one year:
£
£
Trade debtors
-
0
69,827
Total debtors
95
5,389,550
9
Creditors: amounts falling due within one year
2025
2023
£
£
Trade creditors
-
0
265,797
Amounts owed to group undertakings
-
0
102,001
Taxation and social security
-
0
177,642
Accruals and deferred income
-
0
1,233,799
-
0
1,779,239
10
Provisions for liabilities
2025
2023
£
£
Dilapidation provision
-
48,300
CHRISTIE INTRUDER ALARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
10
Provisions for liabilities
(Continued)
- 13 -

Dilapidation        

 

A dilapidation provision is held for leasehold properties which require mediation work to be performed to to return to the property to its original state. The provision for these costs is being accrued over the life of the contract and is dependent on the length of the lease. The provision was released in full upon transfer of the related property.

11
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Assets
Assets
2025
2023
Balances:
£
£
Accelerated capital allowances
-
14,506
Dilapidations
-
12,075
-
26,581
2025
Movements in the Period:
£
Asset at 1 January 2024
(26,581)
Charge to profit or loss
26,581
Liability at 28 February 2025
-

 

12
Called up share capital
2025
2023
2025
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
95
95
95
95
CHRISTIE INTRUDER ALARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
- 14 -
13
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Emphasis of matter — non-going concern basis of accounting

We draw attention to Note 1.3 to the financial statements which explains that the company’s business has been transferred to another group company, and that the company itself has ceased operating. The directors therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 1.3. Our opinion is not modified in respect of this matter.

Senior Statutory Auditor:
Dean Pullen FCCA
Statutory Auditor:
TC Group
Date of audit report:
24 April 2025
14
Operating lease commitments
Lessee

All leases were novated upon the cessation of trade.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2023
£
£
-
0
317,909
15
Parent company

Tthe ultimate parent company is Securitas AB. a company incorporated in Sweden. The largest and smallest group in which the results of the company are consolidated is that of Securitas AB. Consolidated accounts are available at www.securitas.com/en/investors

 

 

 

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