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REGISTERED NUMBER: 07389856 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Security Roots Ltd

Security Roots Ltd (Registered number: 07389856)

Contents of the Financial Statements

for the Year Ended 30 September 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Security Roots Ltd

Company Information

for the Year Ended 30 September 2024

| DIRECTOR: | D Martin

| SECRETARY: |

| REGISTERED OFFICE: | 10 Portfleet Place

| De Beauvoir Road

| London

| N1 5SZ

| REGISTERED NUMBER: | 07389856 (England and Wales)

| ACCOUNTANTS: | Death and Taxes Limited

| 10 Portfleet Place

| De Beauvoir Road

| London

| N1 5SZ

Security Roots Ltd (Registered number: 07389856)

Balance Sheet

30 September 2024

| 30.9.24 | 30.9.23 |

| Notes | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 13,410 |  | 15,086 |  |

Tangible assets | 5 | - |  | 1,054 |  |

13,410 |  | 16,140 |  |

CURRENT ASSETS

Debtors | 6 | 927,690 |  | 925,979 |  |

Investments | 7 | 1,650,999 |  | 295,598 |  |

Cash at bank | 182,469 |  | 602,628 |  |

2,761,158 |  | 1,824,205 |  |

CREDITORS

Amounts falling due within one year | 8 | 1,884,712 |  | 1,608,173 |  |

NET CURRENT ASSETS | 876,446 |  | 216,032 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 889,856 |  | 232,172 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 889,756 |  | 232,072 |  |

SHAREHOLDERS' FUNDS | 889,856 |  | 232,172 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Security Roots Ltd (Registered number: 07389856)

Balance Sheet - continued

30 September 2024

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 director and authorised for issue on 26 May 2025 and were signed by:

D Martin - Director

Security Roots Ltd (Registered number: 07389856)

Notes to the Financial Statements

for the Year Ended 30 September 2024

1. | STATUTORY INFORMATION

| Security Roots 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.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Patents and licences are being amortised evenly over their estimated useful life of nil years.

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Security Roots Ltd (Registered number: 07389856)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2023 - 1 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 October 2023

| and 30 September 2024 | 16,758 |  |

| AMORTISATION

| At 1 October 2023 | 1,672 |  |

| Charge for year | 1,676 |  |

| At 30 September 2024 | 3,348 |  |

| NET BOOK VALUE

| At 30 September 2024 | 13,410 |  |

| At 30 September 2023 | 15,086 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 October 2023 | 7,673 |  |

| Disposals | (1,265 | ) |

| At 30 September 2024 | 6,408 |  |

| DEPRECIATION

| At 1 October 2023 | 6,619 |  |

| Charge for year | 1,054 |  |

| Eliminated on disposal | (1,265 | ) |

| At 30 September 2024 | 6,408 |  |

| NET BOOK VALUE

| At 30 September 2024 | - |  |

| At 30 September 2023 | 1,054 |  |

Security Roots Ltd (Registered number: 07389856)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Trade debtors | 105,633 |  | 111,257 |  |

| Other debtors | 822,057 |  | 814,722 |  |

927,690 |  | 925,979 |  |

7. | CURRENT ASSET INVESTMENTS

| 30.9.24 |  | 30.9.23

£ | £ |

| Listed investments | 1,650,999 |  | 295,598 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Trade creditors | 4,703 |  | (23 | ) |

| Taxation and social security | 300,763 |  | 258,596 |  |

| Other creditors | 1,579,246 |  | 1,349,600 |  |

1,884,712 |  | 1,608,173 |  |

9. | RELATED PARTY DISCLOSURES

| Security Roots Ltd is wholly owned by ETD InfoSec Ltd. In the year to 30 September 2024 the following transactions took place between the company and its parent:

| Subcontractor costs; Paid £158,043 for contracted services

| Loan interest: Received £13,727 in interest on an intercompany loan (represented in the accounts as Other Debtors). This amount has been excluded from the corporation tax calculation.

| Dividends: £233,450 has been paid in dividends to the parent company.