REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2024 |
FOR |
Sectorsure Limited |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2024 |
FOR |
Sectorsure Limited |
Sectorsure Limited (Registered number: 02546195) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 July 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Sectorsure Limited |
COMPANY INFORMATION |
for the Year Ended 31 July 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditors and Chartered Accountants |
Units SCF 1 & 2 |
Western International Market |
Hayes Road |
Southall |
Middlesex |
UB2 5XJ |
BANKERS: |
Moorgate Branch |
PO Box 712 |
94 Moorgate |
London |
EC2M 6XT |
SOLICITORS: |
6 Bishopsmead Parade |
East Horsley |
Surrey |
KT24 6SR |
Sectorsure Limited (Registered number: 02546195) |
STATEMENT OF FINANCIAL POSITION |
31 July 2024 |
31.7.24 | 31.7.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 5 |
31,554,408 | 27,837,052 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
Sectorsure Limited (Registered number: 02546195) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 July 2024 |
1. | STATUTORY INFORMATION |
Sectorsure Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Sectorsure Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Trevellyan Developments Limited, Estate Management Office, Greenhills Rural Enterprise Centre, Tilford Road, Farnham, Surrey, GU10 2DZ. |
Investments in subsidiaries |
Investments in subsidiaries are held at fair value with changes recognised in other comprehensive income and movements within the fair value reserve |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST OR VALUATION |
At 1 August 2023 |
Share of profit/(loss) | 3,717,356 |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 July 2023 |
Sectorsure Limited (Registered number: 02546195) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 July 2024 |
5. | FIXED ASSET INVESTMENTS - continued |
Cost or valuation at 31 July 2024 is represented by: |
Shares in |
group |
undertakings |
£ |
Valuation in 2015 | 1,012,271 |
Valuation in 2016 | 452,160 |
Valuation in 2017 | 1,408,328 |
Valuation in 2018 | 3,605,438 |
Valuation in 2019 | 3,725,696 |
Valuation in 2020 | 6,723,268 |
Valuation in 2021 | 6,053,435 |
Valuation in 2022 | 1,152,706 |
Valuation in 2023 | 3,703,750 |
Valuation in 2024 | 3,717,356 |
31,554,408 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.24 | 31.7.23 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.24 | 31.7.23 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 August 2023 |
Revaluation | 3,717,356 |
At 31 July 2024 |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
Sectorsure Limited (Registered number: 02546195) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 July 2024 |
10. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
11. | ULTIMATE CONTROLLING PARTY |
The controlling party is Trevellyan Developments Limited. |
The ultimate controlling party is |
12. | UNUSED COMMITED BANK FACILITIES |
As at 31st July 2024 the company had access to the group's unused bank facilities amounting to £9,590,000 under a facility which is cross guaranteed between the holding company and fellow subsidiaries. In addition, group cash balances at 31st July 2024 were £1,660,357 making total funds available of £11,250,357. |