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Registered number: 01354779
Bastion Securities Limited
Financial Statements
For The Year Ended 31 March 2026
HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
NP10 8FY
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Director Mr B G Howe
Company Number 01354779
Registered Office United House
North Road
Islington
London
N7 9DP
Accountants HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
NP10 8FY
Auditors HSJ Audit Limited
Severn House
Hazell Drive
Newport
NP10 8FY
Page 1
Page 2
Balance Sheet
Registered number: 01354779
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,824 7,785
Investment Properties 5 14,285,000 14,885,000
14,291,824 14,892,785
CURRENT ASSETS
Debtors 6 3,299,302 3,059,787
Cash at bank and in hand 506,106 459,728
3,805,408 3,519,515
Creditors: Amounts Falling Due Within One Year 7 (1,473,498 ) (1,504,262 )
NET CURRENT ASSETS (LIABILITIES) 2,331,910 2,015,253
TOTAL ASSETS LESS CURRENT LIABILITIES 16,623,734 16,908,038
Creditors: Amounts Falling Due After More Than One Year 8 (7,470,156 ) (7,756,226 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (876,462 ) (903,962 )
NET ASSETS 8,277,116 8,247,850
CAPITAL AND RESERVES
Called up share capital 11 10,000 10,000
Revaluation reserve 3,959,442 4,008,321
Profit and Loss Account 4,307,674 4,229,529
SHAREHOLDERS' FUNDS 8,277,116 8,247,850
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These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr B G Howe
Director
9 June 2026
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Bastion Securities Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01354779 . The registered office is United House, North Road, Islington, London, N7 9DP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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Page 5
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2025: 4)
3 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 April 2025 35,912 65,670 101,582
Additions - 1,314 1,314
As at 31 March 2026 35,912 66,984 102,896
Depreciation
As at 1 April 2025 31,266 62,531 93,797
Provided during the period 1,161 1,114 2,275
As at 31 March 2026 32,427 63,645 96,072
Net Book Value
As at 31 March 2026 3,485 3,339 6,824
As at 1 April 2025 4,646 3,139 7,785
5. Investment Property
2026
£
Fair Value
As at 1 April 2025 14,885,000
Disposals (601,850 )
Revaluations 1,850
As at 31 March 2026 14,285,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2026 2025
£ £
Cost 8,310,190 8,800,190
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 3,183,542 2,979,567
Other debtors 115,760 80,220
3,299,302 3,059,787
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Page 6
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 1,415,135 1,394,255
Other creditors 28,724 33,085
Taxation and social security 29,639 76,922
1,473,498 1,504,262
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 7,470,156 7,756,226
9. Secured Creditors
Of the creditors the following amounts are secured.
2026 2025
£ £
Bank loans and overdrafts 7,470,156 7,756,226
Mortgages are secured against the properties to which they relate.
10. Loans
An analysis of the maturity of loans is given below:
2026 2025
£ £
Amounts falling due between one and five years:
Bank loans 7,470,156 7,756,226
The Bank Loans held by the company are on a rolling basis with the latest renewal date being March 2028. Interest is charged on these loans at a rate of between 2.80% and 5.69%.
11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 10,000 10,000
12. Related Party Disclosures
Entities with control, joint control or significant influence over the entity
As at 31 March 2026 a total of £3,333,542 (2025: £3,129,567) was due from such entities.
As at 31 March 2026 a total of £311,843 (2025: £292,439) was due to such entities.
Entities over which the entity has control, joint control or significant influence
None noted.
Key management personnel of the entity or its parent (in the aggregate)
As at 31 March 2026 the company owed £773,829 (2025: £602,327) to such entities.
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Entities that provide key management personnel services to the entity
None noted.
Other related parties
As at 31 March 2026 a total of £259,085 (2025: £420,076) was owed to such entities.
13. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
14. Audit Information
The auditor's report on the accounts of Bastion Securities Limited for the year ended 31 March 2026 was unqualified.
The auditor's report was signed by Mr Andrew Hill FCCA ACA DChA BFP (Senior Statutory Auditor) for and on behalf of HSJ Audit Limited , Statutory Auditor.
HSJ Audit Limited
Severn House
Hazell Drive
Newport
NP10 8FY
Page 7