SEC GROUP HOLDINGS LTD

Company Registration Number:
14909975 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 2 June 2023

End date: 30 June 2024

SEC GROUP HOLDINGS LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SEC GROUP HOLDINGS LTD

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

The company was incorporated on 02 June 2023 and acts as a holding company following a debt-for-equity restructuring transaction completed on 30 June 2023. The company holds investments in subsidiary undertakings and has had no trading activities during the period.

Additional information

Review of Business The company was established as part of a group restructuring whereby equity and loan notes in RDL Corporation Limited were exchanged for equity in the company. The loan notes were written down to a capital contribution reserve. The company now holds 100% of RDL Corporation Limited and its subsidiary group. There has been no trading activity during the period. Future Developments The company will continue to act as a holding company for the group. The accounting reference date will be changed from 30 June to 31 December to align with the group's reporting cycle. Small Companies Regime This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.



Directors

The directors shown below have held office during the whole of the period from
2 June 2023 to 30 June 2024

Matthew Perrett
Stuart Goldup


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 June 2025

And signed on behalf of the board by:
Name: Stuart Goldup
Status: Director

SEC GROUP HOLDINGS LTD

Profit And Loss Account

for the Period Ended 30 June 2024

13 months to 30 June 2024


£
Turnover: 0
Cost of sales: 0
Gross profit(or loss): 0
Administrative expenses: 0
Operating profit(or loss): 0
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 0
Tax: 0
Profit(or loss) for the financial year: 0

SEC GROUP HOLDINGS LTD

Balance sheet

As at 30 June 2024

Notes 13 months to 30 June 2024


£
Fixed assets
Investments: 3 1,160
Total fixed assets: 1,160
Current assets
Debtors: 4 115,000
Total current assets: 115,000
Net current assets (liabilities): 115,000
Total assets less current liabilities: 116,160
Creditors: amounts falling due after more than one year: 5 ( 115,000 )
Total net assets (liabilities): 1,160
Capital and reserves
Called up share capital: 1,160
Total Shareholders' funds: 1,160

The notes form part of these financial statements

SEC GROUP HOLDINGS LTD

Balance sheet statements

For the year ending 30 June 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.

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

This report was approved by the board of directors on 24 June 2025
and signed on behalf of the board by:

Name: Stuart Goldup
Status: Director

The notes form part of these financial statements

SEC GROUP HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Going concern The financial statements have been prepared on the going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. In making their assessment of going concern, the directors have considered the company's financial position and its dependence on intercompany funding arrangements. The company has received loans totalling £115,000 from directors which are subordinated to borrowings of subsidiary undertakings within the group and has granted security over all its assets to secure group borrowings. The directors have identified material uncertainties relating to the company's financial constraints and dependence on continued support from group undertakings and directors. The directors have indicated their intention to continue to provide additional financial support as needed. Based on this assessment, the directors have concluded that it is appropriate to prepare the financial statements on a going concern basis. However, these material uncertainties may cast significant doubt on the company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.

SEC GROUP HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    13 months to 30 June 2024
    Average number of employees during the period 0

SEC GROUP HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Fixed assets investments note

FIXED ASSET INVESTMENTS Cost Acquired on debt-for-equity restructuring £1160 Net book value At 30 June 2024 £1160 The company holds 100% of the ordinary share capital of RDL Corporation Ltd, a company incorporated in England & Wales, acquired through a debt-for-equity swap arrangement with RDL Corporation Ltd on 30 June 2023. The investment represents the company's interest in the subsidiary group which prepares consolidated accounts.

SEC GROUP HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

13 months to 30 June 2024
£
Other debtors 115,000
Total 115,000

SEC GROUP HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due after more than one year note

13 months to 30 June 2024
£
Other creditors 115,000
Total 115,000

SEC GROUP HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Financial Commitments

CHARGES AND SECURITY The company has granted fixed and floating charges over all its assets in favour of Close Brothers Limited by way of an all assets debenture to secure borrowings of subsidiary undertakings within the group.