REGISTERED NUMBER: 00966932 (England and Wales)

SARACENS SECURITIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

7

DIRECTORS:

R G Beckett

Mrs E S Saywell

Mrs S J Gascoine

T J Russ

REGISTERED OFFICE:

2a Market Place

Southwell

Nottingham

Nottinghamshire

NG25 0HQ

REGISTERED NUMBER:

00966932 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

BANKERS:

Barclays Bank Plc

High Street

Nottingham

NG1 2EN

FIXED ASSETS

Property, plant and equipment

4

19,751

22,199

Investments

5

107,225

99,560

Investment property

6

6,508,000

6,508,000

6,634,976

6,629,759

CURRENT ASSETS

Debtors

7

1,210,473

1,158,066

Cash at bank and in hand

184,077

217,923

1,394,550

1,375,989

CREDITORS

Amounts falling due within one year

8

241,402

223,788

NET CURRENT ASSETS

1,153,148

1,152,201

TOTAL ASSETS LESS CURRENT LIABILITIES

7,788,124

7,781,960

PROVISIONS FOR LIABILITIES

9

499,117

500,293

NET ASSETS

7,289,007

7,281,667

CAPITAL AND RESERVES

Called up share capital

10

100

100

Fair value reserve

11

2,883,685

2,891,458

Other reserves

10,426

10,426

Retained earnings

4,394,796

4,379,683

SHAREHOLDERS' FUNDS

7,289,007

7,281,667

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

Mrs E S Saywell - Director

1.	STATUTORY INFORMATION

Saracens Securities 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue

The revenue shown in the income statement represents the rental income receivable during the period, exclusive of Value Added Tax and trade discounts.

Property, plant and equipment

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

Plant and machinery etc

-

33% on cost and 10% on reducing balance

Property, plant and equipment are stated at cost less depreciation. Cost represents purchase price together with any incidental costs of acquisition.

Investments in subsidiaries

Investments in subsidiaries are recognised at cost less impairment.

Investment property

Financial instruments

The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

Other investments

Other investments are recognised at fair value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

52,004

DEPRECIATION

At 1 April 2024

29,805

Charge for year

2,448

At 31 March 2025

32,253

NET BOOK VALUE

At 31 March 2025

19,751

At 31 March 2024

22,199

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

100

99,460

99,560

Fair value movement

-

7,665

7,665

At 31 March 2025

100

107,125

107,225

NET BOOK VALUE

At 31 March 2025

100

107,125

107,225

At 31 March 2024

100

99,460

99,560

Cost or valuation at 31 March 2025 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2025

100

107,125

107,225

The directors have valued other investments at the fair value of their share of the company net assets.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

6,508,000

Additions

20,583

Revaluations

(20,583

)

At 31 March 2025

6,508,000

NET BOOK VALUE

At 31 March 2025

6,508,000

At 31 March 2024

6,508,000

Fair value at 31 March 2025 is represented by:

£

Uplift in value of properties per 2025 valuation

3,539,171

Historic cost of properties

2,968,829

6,508,000

Freehold investment properties were professionally valued on an open market basis in the prior year by Eddisons. The directors have considered the independent valuation of the company's investment properties and are satisfied that the valuation is not materially different as at 31 March 2025.

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

73,667

75,879

Other debtors

589,505

554,552

Prepayments

28,249

2,427

691,421

632,858

Amounts falling due after more than one year:

Other debtors

519,052

525,208

Aggregate amounts

1,210,473

1,158,066

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

27,510

599

Amounts owed to group undertakings

37,094

37,094

Taxation

79,305

77,622

VAT

10,635

17,587

Other creditors

536

247

Accruals and deferred income

86,322

90,639

241,402

223,788

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Accelerated capital allowances

18,711

14,742

Deferred tax on revaluations

480,406

485,551

499,117

500,293

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

11.

RESERVES

Fair

value

reserve

£

At 1 April 2024

2,891,458

Revaluation of fixed assets

(7,773

)

At 31 March 2025

2,883,685

The revaluation relates to the fair value adjustment of investment properties and other investments, less any movement in the deferred tax provision.

12.	OTHER FINANCIAL COMMITMENTS

At the year end the company has commitments due as follows:

2025

2024

£

£

Within one year

-

58

Between one and five years

-

-

-

58