Surety Holdings Limited


Directors	Field, Thomas Francis
	Gerrelli, Martin


Registered Address	Unit 4 24 Derby Road
	Liverpool
	L5 9PR


Registered Number	11488352 (England and Wales)

Balance Sheet as at
31 May 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		1,817,863		1,798,620
Investments	5		500		500
			1,818,363		1,799,120
Current assets
Debtors		406,817		172,554
Cash at bank and on hand		17,355		17,921
		424,172		190,475
Net current assets (liabilities)			424,172		190,475
Total assets less current liabilities			2,242,535		1,989,595
Creditors amounts falling due after one year			(2,584,602)		(2,121,750)
Net assets			(342,067)		(132,155)
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			(343,067)		(133,155)
Shareholders' funds			(342,067)		(132,155)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 28 May 2026, and are signed on its behalf by:

Gerrelli, Martin
Director
Registered Company No. 11488352

Surety Holdings Limited

Notes to the Financial Statements
for the year ended 31 May 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		3

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 June 24	1,798,620
	Additions	19,667
	At 31 May 25	1,818,286
	Depreciation and impairment
	Charge for year	424
	At 31 May 25	424
	Net book value
	At 31 May 25	1,817,863
	At 31 May 24	1,798,620

5.	Fixed asset investments

		Total
		£
	Cost or valuation
	At 01 June 24	500
	At 31 May 25	500
	Net book value
	At 31 May 25	500
	At 31 May 24	500

6.	Related party transactions
	Surety Care Limited During the year the company made loans of £303,888 (2024: £1,032,114) to Surety Care Ltd, £3,066 (2024: £832,613) of the company's costs were paid by Surety Care, and Surety Care made repayments of £66,000 (2024: £27,504) during the year, leaving a receivable balance outstanding of £406,818 (2024: £171,997) at the year end. The Engine House Holdings Limited and Martin Gerelli During the year the company received loans of £25,000 (2024: £64,875) from The Engine House Holdings Ltd, a shareholder of the company. As at 31 May 2025 the balance owed to that company was £89,875 (2024: £64,875) and this will not be repayable for at least 24 months. During the year the company received loans of £2,000 (2024: £30,000) from Mr M Gerrelli, the ultimate controlling party of the above named shareholder, The Engine House Holdings Limited. As at 31 May 2025 the balance owed to him was £32,000 (2024: £30,000) and this will not be repayable for at least 24 months. Tryon21 Limited During the year the company received loans of £Nil (2024: £46,875) from Tryon21 Ltd, a shareholder of the company. As at 31 May 2025 the balance owed to that company was £46,875 (2024: £46,875) and this will not be repayable for at least 24 months. Thomas Field and Sinead Kelly During the year the company received loans of £45,000 (2024: £366,000) from Mr T Field, being the ultimate controlling party. As at 31 May 2025 the balance owed to him was £411,000 (2024: £366,000) and this will not be repayable for at least 24 months. During the year the company received loans of £30,000 (2024: £599,000) from Ms S Kelly, connected to Mr T Field. As at 31 May 2025 the balance owed to her was £629,000 (2024: £599,000) and this will not be repayable for at least 24 months. Atlantic Tiling Ltd and Ambient Properties Ltd (Companies under common control) During the year the company received loans of £62,600 (2024: £182,000) from Atlantic Tiling Ltd. Additionally ,the company paid expenses of £16,600 (2024: £Nil) on behalf of this company. As at 31 May 2025 the balance owed to that company was £261,200 (2024: £182,000) and this will not be repayable for at least 24 months. During the year the company received loans of £138,787 (2024: £Nil) from Atlantic Tiling Ltd. As at 31 May 2025 the balance owed to that company was £138,787 (2024: £Nil) and this will not be repayable for at least 24 months.

Related party transactions

Surety Care Limited
During the year the company made loans of £303,888 (2024: £1,032,114) to Surety Care Ltd, £3,066 (2024: £832,613) of the company's costs were paid by Surety Care, and Surety Care made repayments of £66,000 (2024: £27,504) during the year, leaving a receivable balance outstanding of £406,818 (2024: £171,997) at the year end.

The Engine House Holdings Limited and Martin Gerelli
During the year the company received loans of £25,000 (2024: £64,875) from The Engine House Holdings Ltd, a shareholder of the company. As at 31 May 2025 the balance owed to that company was £89,875 (2024: £64,875) and this will not be repayable for at least 24 months. During the year the company received loans of £2,000 (2024: £30,000) from Mr M Gerrelli, the ultimate controlling party of the above named shareholder, The Engine House Holdings Limited. As at 31 May 2025 the balance owed to him was £32,000 (2024: £30,000) and this will not be repayable for at least 24 months.

Tryon21 Limited
During the year the company received loans of £Nil (2024: £46,875) from Tryon21 Ltd, a shareholder of the company. As at 31 May 2025 the balance owed to that company was £46,875 (2024: £46,875) and this will not be repayable for at least 24 months.

Thomas Field and Sinead Kelly
During the year the company received loans of £45,000 (2024: £366,000) from Mr T Field, being the ultimate controlling party. As at 31 May 2025 the balance owed to him was £411,000 (2024: £366,000) and this will not be repayable for at least 24 months. During the year the company received loans of £30,000 (2024: £599,000) from Ms S Kelly, connected to Mr T Field. As at 31 May 2025 the balance owed to her was £629,000 (2024: £599,000) and this will not be repayable for at least 24 months.

Atlantic Tiling Ltd and Ambient Properties Ltd (Companies under common control)
During the year the company received loans of £62,600 (2024: £182,000) from Atlantic Tiling Ltd.  Additionally ,the company paid expenses of £16,600 (2024: £Nil) on behalf of this company.  As at 31 May 2025 the balance owed to that company was £261,200 (2024: £182,000) and this will not be repayable for at least 24 months. During the year the company received loans of £138,787 (2024: £Nil) from Atlantic Tiling Ltd.  As at 31 May 2025 the balance owed to that company was £138,787 (2024: £Nil) and this will not be repayable for at least 24 months.