Company No: 01378518 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	L G Marks (Appointed 01 July 2024)
	A L Martin Smith (Appointed 25 January 2025)
	R G Williams (Resigned 24 January 2025)

Secretary

H G Williams

Registered office	2nd Floor
	168 Shoreditch High Street
	E1 6RA
	London
	United Kingdom

Company number

01378518 (England and Wales)

Accountant	Kreston Reeves LLP
	2nd Floor
	168 Shoreditch High Street
	London
	E1 6RA
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	120,000		120,000
		120,000		120,000
Current assets
Debtors	4	13,954		20,840
Cash at bank and in hand		52,105		40,624
		66,059		61,464
Creditors: amounts falling due within one year	5	( 56,581)		( 56,031)
Net current assets		9,478		5,433
Total assets less current liabilities		129,478		125,433
Provision for liabilities	6	( 12,396)		( 12,396)
Net assets		117,082		113,037
Capital and reserves
Called-up share capital	7	272		272
Revaluation reserve		9,618		9,618
Profit and loss account		107,192		103,147
Total shareholders' funds		117,082		113,037

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Delsecurity Limited (registered number: 01378518) were approved and authorised for issue by the Board of Directors on 10 April 2026. They were signed on its behalf by:

L G Marks Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Company is a private company, limited by shares, incorporated and domiciled in England & Wales. The company's registered office is 2nd Floor, 168 Shoreditch High Street, London, E1 6RA. The Company's principal place of business is 95 Dorset House, Gloucester Place, London, NW1 5AF. The company's principal activity during the year was property investment.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents rent and insurance receivable from tenants, credit for which is taken on an accruals basis, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, excluding directors	0		0

3. Tangible assets

	Land and buildings		Total
	£		£
Cost
At 01 July 2024	120,000		120,000
At 30 June 2025	120,000		120,000
Accumulated depreciation
At 01 July 2024	0		0
At 30 June 2025	0		0
Net book value
At 30 June 2025	120,000		120,000
At 30 June 2024	120,000		120,000

Revaluation of tangible assets

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

	2025		2024
	£		£
Historical cost	97,986		97,986
Accumulated depreciation	(85,257)		(83,296)
Carrying value	12,729		14,690

4. Debtors

	2025		2024
	£		£
Trade debtors	10,000		15,690
Prepayments	3,954		5,150
	13,954		20,840

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to Group undertakings	35,000		35,000
Accruals and deferred income	10,461		9,212
Taxation and social security	1,120		1,819
Other creditors	10,000		10,000
	56,581		56,031

6. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 12,396)		0
Charged to the Profit and Loss Account	0		( 12,396)
At the end of financial year	( 12,396)		( 12,396)

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
272 Ordinary shares of £ 1.00 each	272		272

8. Contingencies

Contingent liabilities

Joint unlimited guarantee has been given by Cardinal Group Limited and Delsecurity Limited against an overdraft facility within Cardinal Estates Limited, a company under common control, of £750,000 (2024: £750,000).

At the year end Cardinal Estates Limited has utilised £Nil (2024: £Nil) of its available overdraft facility.

9. Ultimate controlling party

The company regards Cardinal Securities Limited as its immediate parent company and Cardinal Group Limited as its ultimate parent company.

The company considers its ultimate control relationship to be the directors of Cardinal Group Limited.

All companies mentioned above are registered in England and Wales.