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Company Registration No. 02010519 (England and Wales)
Secession Limited Unaudited accounts for the year ended 31 December 2024
Secession Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Secession Limited Company Information for the year ended 31 December 2024
Directors
David Freud Naomi Freud Gideon Freud
Secretary
Naomi Freud
Company Number
02010519 (England and Wales)
Registered Office
198 SHAFTESBURY AVENUE LONDON WC2H 8JL
- 3 -
Secession Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
239,202 
188,281 
Current assets
Inventories
3,731 
4,507 
Debtors
5
2,251,710 
2,367,441 
Cash at bank and in hand
102,379 
151,150 
2,357,820 
2,523,098 
Creditors: amounts falling due within one year
6
(52,125)
(71,217)
Net current assets
2,305,695 
2,451,881 
Total assets less current liabilities
2,544,897 
2,640,162 
Creditors: amounts falling due after more than one year
7
(35,599)
- 
Net assets
2,509,298 
2,640,162 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
2,509,296 
2,640,160 
Shareholders' funds
2,509,298 
2,640,162 
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by
Naomi Freud Director Company Registration No. 02010519
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Secession Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Secession Limited is a private company, limited by shares, registered in England and Wales, registration number 02010519. The registered office is 198 SHAFTESBURY AVENUE, LONDON, WC2H 8JL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on Reducing Balance
Plant & machinery
25% on Reducing Balance
Computer equipment
25% on Cost
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
242,498 
478,091 
2,627 
723,216 
Additions
46,902 
48,182 
2,238 
97,322 
At 31 December 2024
289,400 
526,273 
4,865 
820,538 
Depreciation
At 1 January 2024
122,263 
410,328 
2,344 
534,935 
Charge for the year
16,714 
28,986 
701 
46,401 
At 31 December 2024
138,977 
439,314 
3,045 
581,336 
Net book value
At 31 December 2024
150,423 
86,959 
1,820 
239,202 
At 31 December 2023
120,235 
67,763 
283 
188,281 
- 5 -
Secession Limited Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
(5)
22,892 
Accrued income and prepayments
5,452 
7,487 
Other debtors
- 
52,355 
5,447 
82,734 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
2,246,263 
2,284,707 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
29,364 
44,837 
Trade creditors
(6,103)
19,414 
Taxes and social security
4,916 
- 
Other creditors
4,909 
3,680 
Loans from directors
19,039 
- 
Accruals
- 
3,286 
52,125 
71,217 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
35,599 
- 
8
Average number of employees
During the year the average number of employees was 21 (2023: 21).
- 6 -