P & R SECURITY SYSTEMS LIMITED

Company Registration Number:
03783088 (England and Wales)

Unaudited abridged accounts for the year ended 29 December 2024

Period of accounts

Start date: 01 January 2024

End date: 29 December 2024

P & R SECURITY SYSTEMS LIMITED

Contents of the Financial Statements

for the Period Ended 29 December 2024

Balance sheet
Notes

P & R SECURITY SYSTEMS LIMITED

Balance sheet

As at 29 December 2024


Notes
2024
2023


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 17,108 39,664
Investments:   0 0
Total fixed assets: 17,108 39,664
Current assets
Stocks: 45,404 48,038
Debtors: 4 800,815 730,275
Cash at bank and in hand: 112,982 345,476
Total current assets: 959,201 1,123,789
Creditors: amounts falling due within one year:   (627,571) (467,487)
Net current assets (liabilities): 331,630 656,302
Total assets less current liabilities: 348,738 695,966
Creditors: amounts falling due after more than one year: 5 (27,658) (863,002)
Provision for liabilities: (11,715) (8,500)
Total net assets (liabilities): 309,365 (175,536)
Capital and reserves
Called up share capital: 200 200
Profit and loss account: 309,165 (175,736)
Shareholders funds: 309,365 (175,536)

The notes form part of these financial statements

P & R SECURITY SYSTEMS LIMITED

Balance sheet statements

For the year ending 29 December 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 December 2025
and signed on behalf of the board by:

Name: M Braddock
Status: Director

The notes form part of these financial statements

P & R SECURITY SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 29 December 2024

1. Accounting policies

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

Turnover policy

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course

Tangible fixed assets and depreciation policy

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

P & R SECURITY SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 29 December 2024

2. Employees

2024 2023
Average number of employees during the period 7 16

P & R SECURITY SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 29 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 233,567
Additions 2,339
At 29 December 2024 235,906
Depreciation
At 01 January 2024 193,903
Charge for year 24,895
At 29 December 2024 218,798
Net book value
At 29 December 2024 17,108
At 31 December 2023 39,664

P & R SECURITY SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 29 December 2024

4. Debtors

Debtors falling due within one year comprises Trade Debtors £486,704 (2023 £363,839) and Other Debtors £286,553 (2023 £343,594).

P & R SECURITY SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 29 December 2024

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

For a number of years, management have not been able to validate a loan of £777,806 purportedly due to Patterson & Rothwell Limited and as disclosed in the prior year accounts, management concluded it was not payable. The £27,658 is a bank loan.

P & R SECURITY SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 29 December 2024

6. Loans to directors

As at 29 December 2024, a balance of £371,586 was owed to the sole director in respect of due to but unpaid remuneration, reimbursable expenses and amounts arising through the director's current account. This balance has arisen over a number of periods and represents sums owing to the director. The director has agreed that the balance will not be called for repayment and will remain deferred until such time as the outstanding related party loan balances, amounting to £228,914 at the year end (see this Note 9), have been extinguished or otherwise settled. Accordingly, no repayment of the director's balance is expected in the short term, and no interest is payable on the deferred amount. Management considers the deferral to constitute a post year-end confirmation of subordination for the purposes of liquidity assessment. The director has confirmed that he will not seek repayment of the deferred balance while the related party loan balances remain outstanding and will continue to support the company's working capital position.

P & R SECURITY SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 29 December 2024

7. Related party transactions

Name of the related party: Patterson & Rothwell Limited
Relationship:
Common Shareholding
Description of the Transaction: By virtue of a common shareholding, Patterson and Rothwell Limited, a company registered in England and Wales, is a related party. The balance sheet historically included an inter-company loan of £777,000 recorded prior to current ownership and board composition. The board has no record of authorisation. No loan agreement, terms, or proof of funds advanced have ever been provided by the purported lender despite repeated requests. No interest or repayments have been recorded. Management considers the liability to be substantially disputed and statute barred. Independent accountants previously recorded that the loan is not payable. The entry has therefore been derecognised, with this note included for clarity and completeness.
£
Balance at 01 January 2024 777,000
Balance at 29 December 2024 777,000
Name of the related party: The Patterson and Rothwell Directors Retirement Pension Scheme
Relationship:
Common shareholder and trustee
Description of the Transaction: By virtue of a common shareholder and trustee, The Patterson and Rothwell Directors Retirement Pension Scheme is a related party. During the year, the company paid rent of £28,644 (2023 - £28,654) to The Patterson and Rothwell Directors Retirement Pension Scheme
£
Balance at 01 January 2024 0
Balance at 29 December 2024 0
Name of the related party: Federal Security (UK) Limited
Relationship:
Common shareholding
Description of the Transaction: By virtue of a common shareholding, Federal Security (UK) Limited, a company registered in England and Wales, is a related party. At the year end, a balance of £59,403 (2023 - £25,000) was owed by Federal Security (UK) Limited, included within other debtors.
£
Balance at 01 January 2024 25,000
Balance at 29 December 2024 59,403
Name of the related party: Intelinsure Limited
Relationship:
Common shareholding
Description of the Transaction: By virtue of a common shareholding, Intelinsure Limited, a company registered in England and Wales, is a related party. At the year end, a balance of £22,680 (2023 - £21,693) was owed by Intelinsure Limited, included within other debtors
£
Balance at 01 January 2024 21,693
Balance at 29 December 2024 22,680
Name of the related party: Parfas Ltd
Relationship:
Common Shareholding
Description of the Transaction: By virtue of a common shareholding, Parfas Limited, a company registered in England and Wales, is a related party. At the year end, a balance of £146,831 (2023 - £211,671) was owed by Parfas Limited, included within other debtors.
£
Balance at 01 January 2024 211,671
Balance at 29 December 2024 146,831
Name of the related party: Sole Director
Relationship:
Sole Director
Description of the Transaction: As at 29 December 2024, a balance of £371,586 was due to the sole director in respect of due to but unpaid remuneration, reimbursable expenses, and amounts arising through the director’s current account. This balance has arisen over a number of periods and represents sums owing to the director. The director has agreed that the balance will not be called for repayment and will remain deferred until such time as the outstanding related party loan balances, amounting to £228,914 at the year-end (see this Note 9.), have been extinguished or otherwise settled. Accordingly, no repayment of the director’s balance is expected in the short term, and no interest is payable on the deferred amount. Management considers the deferral to constitute a post-year-end confirmation of subordination for the purposes of liquidity assessment. The director has confirmed that he will not seek repayment of the deferred balance while the related party loan balances remain outstanding and will continue to support the company’s working capital position.
£
Balance at 01 January 2024 335,326
Balance at 29 December 2024 371,586