REGISTERED NUMBER: 02195741 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Nationwide Secured Contractors Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

S Bard

R L Kaffel

REGISTERED OFFICE:

The Roma Building

32-38 Scrutton Street

Bishopsgate

London

EC2A 4RQ

REGISTERED NUMBER:

02195741 (England and Wales)

Fixed assets

Property, plant and equipment

4

31,390,000

31,390,000

Current assets

Inventories

5

3,142,501

3,138,421

Debtors

6

2,920,747

3,041,346

Investments

7

4,947,531

3,057,996

Cash at bank

8

794,600

1,644,714

11,805,379

10,882,477

Creditors

Amounts falling due within one year

9

1,045,592

1,410,574

Net current assets

10,759,787

9,471,903

Total assets less current liabilities

42,149,787

40,861,903

Capital and reserves

Called up share capital

10

189,375

189,375

Share premium

11

200,365

200,365

Revaluation reserve

11

21,318,546

21,318,546

Capital redemption reserve

11

25,375

25,375

Retained earnings

11

20,416,126

19,128,242

Shareholders' funds

42,149,787

40,861,903

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 23 December 2025 and were signed on its behalf by:

R L Kaffel - Director

1.	Statutory information

Nationwide Secured Contractors 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.

Going concern

The directors have at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue

Revenue represents rental income receivable and any other income such as insurance recoverable and dilapidations from the operating leases, net of VAT. Rentals receivable from assets leased under operating leases is recognised on a straight-line basis over the term of the lease. Rent free periods or other incentives given to the lessee are accounted for as reduction to turnover and recognised on a straight-line basis over the lease term.

Investment property

Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost. Subsequent to initial recognition, investment properties are held at fair value. Any gains or losses arising from changes in the fair value are recognised in profit or loss in the period that they arise. No depreciation is provided in respect of investment properties applying the fair value model.

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

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

Equity instruments

Equity instruments issued by the company are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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 tax

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.

3.	Employees and directors

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

4.	Property, plant and equipment

Land and

buildings

£

Cost

At 1 April 2024

and 31 March 2025

31,390,000

Net book value

At 31 March 2025

31,390,000

At 31 March 2024

31,390,000

5.	Inventories

2025

2024

£

£

Stocks

3,142,501

3,138,421

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

19,160

143,847

Other debtors

2,863,883

2,880,219

Prepayments and accrued income

37,704

17,280

2,920,747

3,041,346

7.	Current asset investments

2025

2024

£

£

Financial Instruments

4,947,531

3,057,996

8.	Cash at bank

2025

2024

£

£

Bank deposit account

728,351

1,451,745

Client deposit account

66,249

192,969

794,600

1,644,714

9.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

112,062

122,013

Tax

353,983

278,270

VAT

88,438

192,012

Other creditors

66,249

192,969

Accruals and deferred income

424,860

625,310

1,045,592

1,410,574

Within other creditors is £66,249 relating to client deposit accounts. The corresponding bank entry is listed in note 9.

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

378,750

Ordinary

£0.50

189,375

189,375

11.

Reserves

Capital

Retained

Share

Revaluation

redemption

earnings

premium

reserve

reserve

Totals

£

£

£

£

£

At 1 April 2024

19,128,242

200,365

21,318,546

25,375

40,672,528

Profit for the year

2,291,572

2,291,572

Dividends

(1,003,688

)

(1,003,688

)

At 31 March 2025

20,416,126

200,365

21,318,546

25,375

41,960,412