Registration number: 11462102

Secta Finance Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Secta Finance Limited

Company Information

Director

Mr M J Hill

Registered office

1 Colleton Crescent Exeter Devon EX2 4DG

Accountants

Thompson Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG

Secta Finance Limited

(Registration number: 11462102)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	1,133	1,379
Tangible assets	5	-	121
		1,133	1,500
Current assets
Debtors	6	205,263	210,936
Cash at bank and in hand		4,174	3,053
		209,437	213,989
Creditors: Amounts falling due within one year	7	(264,439)	(134,090)
Net current (liabilities)/assets		(55,002)	79,899
Total assets less current liabilities		(53,869)	81,399
Creditors: Amounts falling due after more than one year	7	(24,196)	(30,570)
Net (liabilities)/assets		(78,065)	50,829
Capital and reserves
Called up share capital		92	92
Share premium reserve		641,000	641,000
Retained earnings		(719,157)	(590,263)
Shareholders' (deficit)/funds		(78,065)	50,829

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 April 2026
 

Secta Finance Limited

(Registration number: 11462102)
Balance Sheet as at 31 July 2025

......................................... Mr M J Hill Director

Secta Finance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Colleton Crescent
Exeter
Devon
EX2 4DG

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company has net liabilities but will continue to receive the support of the directors for the foreseeable future. As a result the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Secta Finance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Asset class	Depreciation method and rate
Office equipment	25% straight line
Computer equipment	33% straight line

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Trademark	10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Secta Finance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 3).

Secta Finance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4	Intangible assets

	Trademarks, patents and licenses  £	Total £
Cost or valuation
At 1 August 2024	2,455	2,455
At 31 July 2025	2,455	2,455
Amortisation
At 1 August 2024	1,076	1,076
Amortisation charge	246	246
At 31 July 2025	1,322	1,322
Carrying amount
At 31 July 2025	1,133	1,133
At 31 July 2024	1,379	1,379

5	Tangible assets

	Office and computer equipment £	Other tangible assets £	Total £
Cost or valuation
At 1 August 2024	590	7,226	7,816
At 31 July 2025	590	7,226	7,816
Depreciation
At 1 August 2024	469	7,226	7,695
Charge for the year	121	-	121
At 31 July 2025	590	7,226	7,816
Carrying amount
At 31 July 2025	-	-	-
At 31 July 2024	121	-	121

6

Debtors

Secta Finance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

	Note	2025 £	2024 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest		205,263	149,263
Prepayments and accrued income		-	61,673
Total current trade and other debtors		205,263	210,936

7

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	6,500	6,500
Trade creditors		34,843	40,128
Amounts owed to group undertakings and undertakings in which the company has a participating interest		17,000	-
Taxation and social security		9,974	5,647
Other creditors		194,522	80,215
Accrued expenses		1,600	1,600
		264,439	134,090

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	24,196	30,570

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	6,500	6,500

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	24,196	30,570