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Company Registration No. 11747095 (England and Wales)
Lead Element Security Group Ltd Unaudited accounts for the year ended 31 January 2026
Lead Element Security Group Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Lead Element Security Group Ltd Company Information for the year ended 31 January 2026
Directors
Mubarik Alin Antony Norton
Company Number
11747095 (England and Wales)
Registered Office
288 Bishopsgate London EC2M 4QP
Accountants
LTG Accountants Limited 39A High Street Billericay Essex CM12 9BA
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Lead Element Security Group Ltd Statement of financial position as at 31 January 2026
2026
2025
Notes
£
£
Fixed assets
Intangible assets
4
1,804
2,061
Tangible assets
5
73,177
57,416
74,981
59,477
Current assets
Debtors
6
2,486,500
2,232,712
Investments
7
-
1,272,112
Cash at bank and in hand
1,195,908
1,613,075
3,682,408
5,117,899
Creditors: amounts falling due within one year
8
(1,258,426)
(1,933,601)
Net current assets
2,423,982
3,184,298
Total assets less current liabilities
2,498,963
3,243,775
Creditors: amounts falling due after more than one year
9
(48,199)
(30,085)
Provisions for liabilities
Deferred tax
10
(13,453)
(126,955)
Net assets
2,437,311
3,086,735
Capital and reserves
Called up share capital
2
2
Revaluation reserve
-
454,615
Profit and loss account
2,437,309
2,632,118
Shareholders' funds
2,437,311
3,086,735
For the year ending 31 January 2026 the company was entitled to exemption from audit 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 and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2026 and were signed on its behalf by
Mubarik Alin Director Company Registration No. 11747095
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Lead Element Security Group Ltd Notes to the Accounts for the year ended 31 January 2026
1
Statutory information
Lead Element Security Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 11747095. The registered office is 288 Bishopsgate, London, EC2M 4QP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line method
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation charged at 10% per annum.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments. During the accounting period ended 31/01/2026 the directors reassessed a vehicle lease previously accounted for as an operating lease and concluded it meets the definition of a finance lease. As the effect on prior periods is immaterial, the asset and corresponding liability have been recognised in the current period and no prior period adjustment has been made.
Dividends
Distributions to shareholders during the period totalled £2,096,773, comprising cash dividends of £337,045 and a distribution in specie of the company's cryptocurrency holding at its carrying value of £1,759,728, made on 21 July 2025 (see related party transactions note). The equity dividends figure in the statement of changes in equity is stated net of a £601,473 transfer from the revaluation reserve to the profit and loss account, representing the cumulative revaluation surplus realised on the distribution. The company had sufficient distributable reserves following the distributions
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Lead Element Security Group Ltd Notes to the Accounts for the year ended 31 January 2026
4
Intangible fixed assets
Other
£
Cost
At 1 February 2025
2,577
At 31 January 2026
2,577
Amortisation
At 1 February 2025
516
Charge for the year
257
At 31 January 2026
773
Net book value
At 31 January 2026
1,804
At 31 January 2025
2,061
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 February 2025
69,243
1,155
78,566
148,964
Additions
68,532
-
6,933
75,465
Disposals
(7,100)
-
-
(7,100)
At 31 January 2026
130,675
1,155
85,499
217,329
Depreciation
At 1 February 2025
27,762
950
62,836
91,548
Charge for the year
42,194
50
13,466
55,710
On disposals
(3,106)
-
-
(3,106)
At 31 January 2026
66,850
1,000
76,302
144,152
Net book value
At 31 January 2026
63,825
155
9,197
73,177
At 31 January 2025
41,481
205
15,730
57,416
2026
2025
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
40,692
27,359
6
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
303,093
35,250
Accrued income and prepayments
567,639
1,666,758
Other debtors
4,800
56,157
875,532
1,758,165
Amounts falling due after more than one year
Amounts due from group undertakings etc.
1,610,968
474,547
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Lead Element Security Group Ltd Notes to the Accounts for the year ended 31 January 2026
7
Investments held as current assets
2026
2025
£
£
Unlisted investments
-
1,272,112
The company's current asset investment comprised cryptocurrency (Bitcoin) held via Coinbase, carried under the revaluation model. During the period the holding was revalued to its market value of £1,759,728.10 and distributed in specie to a related party on 21 July 2025 (see related party transactions note). No balance was held at the period end
8
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
316,054
51,190
Obligations under finance leases and hire purchase contracts
13,779
7,430
Trade creditors
25,683
24,047
Taxes and social security
193,675
434,845
Other creditors
750
(1,122)
Loans from directors
35,031
746
Accruals
673,454
1,416,465
1,258,426
1,933,601
9
Creditors: amounts falling due after more than one year
2026
2025
£
£
Obligations under finance leases and hire purchase contracts
48,199
30,085
10
Deferred taxation
2026
2025
£
£
Accelerated capital allowances
13,453
13,301
Revaluation of land and buildings
-
113,654
13,453
126,955
2026
2025
£
£
Provision at start of year
126,955
16,025
(Credited)/charged to the profit and loss account
(113,502)
110,930
Provision at end of year
13,453
126,955
The comparative balance included deferred tax of £113,654 provided on the revaluation surplus of the company's cryptocurrency investment. This was released during the period when the gain crystallised on the distribution of the holding to a related party (see related party transactions note).
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Lead Element Security Group Ltd Notes to the Accounts for the year ended 31 January 2026
11
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Director's Loan
38,856
-
38,856
-
38,856
-
38,856
-
12
Transactions with related parties
On 21 July 2025 the company transferred its holding of 20.1115879 Bitcoin to a company under common control in the UAE, for no consideration. The transfer was accounted for as a distribution in specie at the asset's carrying value of £1,759,728 and is included within equity dividends in the statement of changes in equity (see dividends note). The company had sufficient distributable reserves of £2,794,588 following the distribution. No amount was due from the UAE entity at the period end. The company was owed the following amounts as at 31/01/2026 from close companies: Hamlet Wharf Properties Ltd £873,000.00 (£252,500 2025) Lead Element International £577,967.75 (£172,047 2025) Lead Element Training Wing £60,000.00 (£50,000 2025) Water Care Ltd £100,000.00 ( NIL 2025) These loans are interest free and payable on demand.
13
Average number of employees
During the year the average number of employees was 22 (2025: 12).
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