Theisen Securities Limited Filleted accounts for Companies House (small only)

COMPANY REGISTRATION NUMBER: 02401040

Theisen Securities Limited

Filleted Financial Statements

30 June 2025

Theisen Securities Limited

Consolidated Statement of Financial Position

30 June 2025

	2025		2024
Note	£	£	£

Current assets

Stocks		73,196	107,950
Debtors	7	581,493	575,993
Cash at bank and in hand		34,525	31,391
		---------	---------
		689,214	715,334

Creditors: amounts falling due within one year	8	56,327		80,803
		---------		---------
Net current assets			632,887	634,531
			---------	---------
Total assets less current liabilities			632,887	634,531
			---------	---------
Net assets			632,887	634,531
			---------	---------

Capital and reserves

Called up share capital	20,000	20,000
Profit and loss account	612,887	614,531
	---------	---------
Shareholders funds	632,887	634,531
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the consolidated income statement has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 31 October 2025 , and are signed on behalf of the board by:

Mr R P Bailey
Director

Company registration number: 02401040

Theisen Securities Limited

Company Statement of Financial Position

30 June 2025

	2025		2024
Note	£	£	£

Fixed assets

Investments	6		501	501

Current assets

Stocks		73,196	107,950
Debtors	7	568,368	561,718
Cash at bank and in hand		33,733	30,599
		---------	---------
		675,297	700,267

Creditors: amounts falling due within one year	8	55,349		79,653
		---------		---------
Net current assets			619,948	620,614
			---------	---------
Total assets less current liabilities			620,449	621,115
			---------	---------
Net assets			620,449	621,115
			---------	---------

Capital and reserves

Called up share capital	20,000	20,000
Profit and loss account	600,449	601,115
	---------	---------
Shareholders funds	620,449	621,115
	---------	---------

The loss for the financial year of the parent company was £ 666 (2024: £ 13,758 ).

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 31 October 2025 , and are signed on behalf of the board by:

Mr R P Bailey
Director

Company registration number: 02401040

Theisen Securities Limited

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Berry House, High Street, Limpsfield, Oxted, Surrey, RH8 0DT, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102:

(a) Disclosures in respect of each class of share capital have not been presented.

(b) No cash flow statement has been presented for the company.

(c) Disclosures in respect of financial instruments have not been presented.

(d) No disclosure has been given for the aggregate remuneration of key management personnel.

Consolidation

The financial statements consolidate the financial statements of Theisen Securities Limited and all of its subsidiary undertakings.

The results of subsidiaries acquired or disposed of during the year are included from or to the date that control passes.

The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not presented its individual profit and loss account.

Revenue recognition

Revenue derived from arranging finance for corporate clients is recognised as turnover on a straight line basis over the drawdown period of the agreement, extended to cover the period during which the finance is arranged.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold improvements	-	10% straight line
Plant and equipment	-	25% straight line
Fixtures and fittings	-	15% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates are accounted for using the equity method of accounting, whereby the investment is initially recognised at the transaction price and subsequently adjusted to reflect the group's share of the profit or loss, other comprehensive income and equity of the associate.

Investments in joint ventures

Investments in joint ventures are accounted for using the equity method of accounting, whereby the investment is initially recognised at the transaction price and subsequently adjusted to reflect the group's share of the profit or loss, other comprehensive income and equity of the joint venture.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).

5. Tangible assets

Group and company	Land and buildings	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 July 2024 and 30 June 2025	197,439	185,977	3,636	387,052
	---------	---------	-------	---------
Depreciation
At 1 July 2024 and 30 June 2025	197,439	185,977	3,636	387,052
	---------	---------	-------	---------
Carrying amount
At 30 June 2025	–	–	–	–
	---------	---------	-------	---------
At 30 June 2024	–	–	–	–
	---------	---------	-------	---------

6. Investments

The group has no investments.

Company	Shares in group undertakings
	£
Cost
At 1 July 2024 and 30 June 2025	501
	----
Impairment
At 1 July 2024 and 30 June 2025	–
	----

Carrying amount
At 1 July 2024 and 30 June 2025	501
	----
At 30 June 2024	501
	----

The company owns 100% of the issued share capital of the companies listed below:

Class of shares

Percentage of shares held

Sealion Property Management Limited Ordinary

100 Theisen Insurance Services Limited Ordinary

100

The results and capital and reserves for group undertakings included in the consolidated financial statements are as follows:

Capital and reserves Profit(loss) for

the year

2025 2024 2025

2024

£ £ £

£ Sealion Property Management Limited 18,628 19,117

(489) 425 Theisen Insurance Services Limited (5,688)

(5,199) (489) (995)

Exemption from audit of subsidiary companies

For the year ended 30th June 2025 Sealion Property Management Limited and Theisen Insurance Services Limited were entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary undertakings.

Subsidiaries, associates and other investments

Details of the investments in which the parent company has an interest of 20% or more are as follows:

	Class of share	Percentage of shares held
Subsidiary undertakings
Sealion Property Management Limited	Ordinary	100

7. Debtors

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Trade debtors	30,586	35,853	7,145	12,412
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	–	10,316	9,166
Other debtors	550,907	540,140	550,907	540,140
	---------	---------	---------	---------
	581,493	575,993	568,368	561,718
	---------	---------	---------	---------

8. Creditors: amounts falling due within one year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Trade creditors	17,136	19,254	17,136	19,254
Corporation tax	1,354	8,736	1,354	8,736
Social security and other taxes	3,953	7,442	3,953	7,442
Other creditors	33,884	45,371	32,906	44,221
	--------	--------	--------	--------
	56,327	80,803	55,349	79,653
	--------	--------	--------	--------

9. Summary audit opinion

The auditor's report dated 31 October 2025 was unqualified .

The senior statutory auditor was Christopher Cook BA FCA , for and on behalf of Cook & Co Accountants LLP .

10. Directors' advances, credits and guarantees

During the year the directors borrowed monies from the company. At 30th June 2025 the Directors owed the company £418,984 (2024 £414,971). Interest of £11,013 was charged on the overdrawn balances at a rate of 2.25% per annum to 31st March 2025 and 3.75% per annum thereafter.

11. Related party transactions

Company

The company was under the control of Mr R P Bailey throughout the current and previous year. Mr R P Bailey is the Managing Director and majority shareholder.