REGISTERED NUMBER: 04204658 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Rigband Security Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N Sheinfeld

SECRETARY:

R Sheinfeld

REGISTERED OFFICE:

5 North End Road

London

NW11 7RJ

REGISTERED NUMBER:

04204658 (England and Wales)

ACCOUNTANTS:

Martin+Heller

Chartered Accountants

5 North End Road

London

NW11 7RJ

FIXED ASSETS

Tangible assets

4

598

798

Investments

5

200

200

Investment property

6

750,000

380,000

750,798

380,998

CURRENT ASSETS

Debtors

7

1,588,313

1,053,368

Cash at bank

28

13

1,588,341

1,053,381

CREDITORS

Amounts falling due within one year

8

545,108

538,117

NET CURRENT ASSETS

1,043,233

515,264

TOTAL ASSETS LESS CURRENT LIABILITIES

1,794,031

896,262

CREDITORS

Amounts falling due after more than one year

9

(525,000

)

-

PROVISIONS FOR LIABILITIES

(86,070

)

-

NET ASSETS

1,182,961

896,262

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10

404,830

120,900

Retained earnings

10

778,031

775,262

SHAREHOLDERS' FUNDS

1,182,961

896,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 19 November 2025 and were signed by:

N Sheinfeld - Director

1.	STATUTORY INFORMATION

Rigband Security Limited 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 as modified by the revaluation of certain assets.

Related party exemption

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.

Turnover

Turnover represents rents receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment properties are revalued annually at their open market value in accordance with FRSSE (effective April 2008). The surplus or deficit on revaluation is transferred to a revaluation reserve except where the deficit reduces the property below its historical cost, in which case it is taken to the profit and loss account.

No depreciation is provided on investment properties which is a departure from the requirements of the Companies Act 2006. In the opinion of the directors these properties are held primarily for their investment potential and so their current value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view. The provisions of the FRSSE (April 2008) in respect of investment properties have therefore been adopted in order to give a true and fair view

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

24,335

DEPRECIATION

At 1 January 2024

23,537

Charge for year

200

At 31 December 2024

23,737

NET BOOK VALUE

At 31 December 2024

598

At 31 December 2023

798

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

200

NET BOOK VALUE

At 31 December 2024

200

At 31 December 2023

200

Cost or valuation at 31 December 2024 is represented by:

Shares in

group

undertakings

£

Cost

200

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

380,000

Revaluations

370,000

At 31 December 2024

750,000

NET BOOK VALUE

At 31 December 2024

750,000

At 31 December 2023

380,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2009

120,900

Valuation in 2025

370,000

Cost

259,100

750,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

7,149

6,207

Amounts owed by group undertakings

947,113

436,977

Other debtors

633,619

610,184

Tax

432

-

1,588,313

1,053,368

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

200,579

-

Amounts owed to group undertakings

307,938

495,958

Tax

-

5,568

Other creditors

27,591

27,591

Accrued expenses

9,000

9,000

545,108

538,117

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 2-5 years

525,000

-

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2024

775,262

120,900

896,162

Profit for the year

286,699

-

286,699

Transfer to Fair Value Reserve

(370,000

)

370,000

-

Deferred tax

86,070

(86,070

)

-

At 31 December 2024

778,031

404,830

1,182,861

11.

CONTROL

The ultimate controlling parties are Mr & Mrs Sheinfeld.