BrightAccountsProduction v1.0.0 v1.0.0 2024-04-01 The company was not dormant during the period The company was trading for the entire period Jade Security Services Ltd trading as Pivotal is a leading provider of cash management services, which include cash in transit, valuables in transit, cash processing, cash management, coin services, ATM services including and engineering 13 March 2026 0 0 03549438 2025-03-31 03549438 2024-03-31 03549438 2023-03-31 03549438 2024-04-01 2025-03-31 03549438 2023-04-01 2024-03-31 03549438 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03549438 uk-curr:PoundSterling 2024-04-01 2025-03-31 03549438 uk-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03549438 uk-bus:AbridgedAccounts 2024-04-01 2025-03-31 03549438 uk-core:ShareCapital 2025-03-31 03549438 uk-core:ShareCapital 2024-03-31 03549438 uk-core:OtherReservesSubtotal 2025-03-31 03549438 uk-core:OtherReservesSubtotal 2024-03-31 03549438 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 03549438 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 03549438 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-03-31 03549438 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 03549438 uk-bus:FRS102 2024-04-01 2025-03-31 03549438 uk-core:Land 2024-04-01 2025-03-31 03549438 uk-core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 03549438 uk-core:MotorVehicles 2024-04-01 2025-03-31 03549438 uk-bus:Audited 2024-04-01 2025-03-31 03549438 uk-core:ParentEntities 2024-04-01 2025-03-31 03549438 2024-04-01 2025-03-31 03549438 uk-bus:Director1 2024-04-01 2025-03-31 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: 03549438

Jade Security Services Limited

Abridged Financial Statements

for the financial year ended 31 March 2025

Jade Security Services Limited

Company Registration Number: 03549438

ABRIDGED STATEMENT OF FINANCIAL POSITION

as at 31 March 2025

|  |  | 2025 |  | 2024
|  | Notes | £ |  | £
Fixed Assets

Tangible assets |  | 7 | 316,516 |  | 351,831
|  |  | ───────── |  | ─────────
Current Assets

Stocks |  |  | 821 |  | 821
Debtors |  |  | 2,683,756 |  | 2,994,347
Cash and cash equivalents |  |  | 28,812 |  | 40,115
Client bank balances |  |  | 14,592 |  | 47,144
|  |  | ───────── |  | ─────────
|  |  | 2,727,981 |  | 3,082,427
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  |  | (437,126) |  | (358,089)
|  |  | ───────── |  | ─────────
Net Current Assets |  |  | 2,290,855 |  | 2,724,338
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 2,607,371 |  | 3,076,169
Creditors:

amounts falling due after more than one year |  |  | (67,191) |  | (121,266)
Provisions for liabilities |  |  | (68,267) |  | (76,992)
|  |  | ───────── |  | ─────────
Net Assets |  |  | 2,471,913 |  | 2,877,911
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 100 |  | 100
Other reserves |  |  | 1,392,344 |  | 1,392,344
Retained earnings |  |  | 1,079,469 |  | 1,485,467
|  |  | ───────── |  | ─────────
Equity attributable to owners of the company |  |  | 2,471,913 |  | 2,877,911
|  |  | ═════════ |  | ═════════
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Income Statement and Directors' Report.

Approved by the Board and authorised for issue on 13 March 2026 and signed on its behalf by

________________________________ |  |  |  |  |
Mr T Hughes |  |  |  |  |
Director |  |  |  |  |

Jade Security Services Limited

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

1. | General Information
| Jade Security Services Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 03549438. The registered office of the company is Greenwood Grovelands Avenue, Wokingham, Berkshire, RG41 5JX, England which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the financial year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Revenue
| Turnover is measured at the fair value of the consideration received for services rendered, net of discounts. Revenue from the rendering of services is measured by reference to when the service is delivered at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
| Tangible assets and depreciation
| Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
|  | Long leasehold property | - | 10% Straight line
|  | Fixtures, fittings and equipment | - | 7.5% reducing balance
|  | Motor vehicles | - | 10% reducing balance
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| Leasing and hire purchases
| Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement.
| 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.
| Trade and other debtors
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Borrowing costs
| Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
| Provisions
| Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Related parties
| For the purposes of these financial statements a party is considered to be related to the company if:
| ■ | the party has the ability, directly or indirectly, through one or more intermediaries to control the company or exercise significant influence over the company in making financial and operating policy decisions or has joint control over the company;
| ■ | the company and the party are subject to common control;
| ■ | the party is an associate of the company or forms part of a joint venture with the company;
| ■ | the party is a member of key management personnel of the company or the company's parent, or a close family member of such as an individual, or is an entity under the control, joint control or significant influence of such individuals;
| ■ | the party is a close family member of a party referred to above or is an entity under the control or significant influence of such individuals; or
| ■ | the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company.
| Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the company.
| Employee benefits
| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
| Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
| Financial Instruments
| The company applies the provisions of Sections 11 and 12 of FRS 102 for the recognition and measurement of financial instruments. Basic financial assets, including trade and other receivables and cash and cash equivalents, are initially recognised at transaction price and subsequently measured at amortised cost, less any impairment losses. Basic financial liabilities, including trade and other creditors and obligations under finance leases and hire purchase contracts, are initially recognised at transaction price and subsequently measured at amortised cost. Financial assets are assessed for indicators of impairment at each reporting date and impaired where necessary. The company has taken the disclosure exemptions available under FRS 102 Section 1A in respect of financial instruments.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.
| Exceptional item
| Exceptional items are those items of income or expenditure that, in the opinion of the directors, are material in size or incidence and are presented separately to provide a better understanding of the company’s underlying financial performance.

3. | Going concern
| The financial statements have been prepared on a going concern basis. The directors have considered the company’s financial position, cash flow forecasts and the level of support available from the wider group. On the basis of this review, and having made appropriate enquiries, the directors have not identified any material uncertainties that may cast significant doubt on the company’s ability to continue as a going concern for a period of at least twelve months from the date of approval of the financial statements. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

4. | Group Company Exemptions Claimed
| The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Tate Group Holdings Limited which can be obtained from the registered office. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of 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.

5. | INFORMATION RELATING TO THE AUDITOR'S REPORT
| The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.
| The financial statements were audited by DNTCA Ltd.
| The Auditor's Report was signed by Mr Mike Nangle (Senior Statutory Auditor) for and on behalf of DNTCA Ltd on 13th March 2026.

6. | Employees
| The average monthly number of employees, including directors, during the financial year was 37, (2024 - 38).

7. | Tangible assets
|  | Long | Fixtures, | Motor | Total
|  | leasehold | fittings and | vehicles |
|  | property | equipment |  |
|  | £ | £ | £ | £
| Cost
| At 1 April 2024 | 31,070 | 130,775 | 870,147 | 1,031,992
|  | ───────── | ───────── | ───────── | ─────────
| At 31 March 2025 | 31,070 | 130,775 | 870,147 | 1,031,992
|  | ───────── | ───────── | ───────── | ─────────
| Depreciation and impairments
| At 1 April 2024 | 29,826 | 124,421 | 525,914 | 680,161
| Charge for the financial year | 415 | 477 | 34,423 | 35,315
|  | ───────── | ───────── | ───────── | ─────────
| At 31 March 2025 | 30,241 | 124,898 | 560,337 | 715,476
|  | ───────── | ───────── | ───────── | ─────────
| Net book value
| At 31 March 2025 | 829 | 5,877 | 309,810 | 316,516
|  | ═════════ | ═════════ | ═════════ | ═════════
| At 31 March 2024 | 1,244 | 6,354 | 344,233 | 351,831
|  | ═════════ | ═════════ | ═════════ | ═════════

8. | Financial Instruments
| The company has chosen to apply the provisions of Section 11 and 12 of FRS 102 to account for all of its financial instruments.

9. | Capital commitments
| The company had no material capital commitments at the financial year-ended 31 March 2025.

10. | Parent company
| The company's immediate and ultimate parent undertaking is Tate Group Holdings. Tate Group Holdings Limited was incorporated in N. Ireland. Copies of the group accounts may be obtained from the secretary, 38 Montgomery Road, Belfast, BT6 9HL. The ultimate controlling party is Tate Group Holdings Limited who controls 100% of the shares of Jade Security Services Limited.

11. | Events After the End of the Reporting Period
| There have been no significant events affecting the company since the financial year-end.