Secure Premium Finance Limited

(Registration number: 14383698)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Current assets
Debtors	4	221,354	204,538
Cash at bank and in hand		15,430	26,065
		236,784	230,603
Creditors: Amounts falling due within one year	5	(215,258)	(226,610)
Net assets		21,526	3,993
Capital and reserves
Called up share capital	6	100	100
Profit and loss account		21,426	3,893
Total equity		21,526	3,993

Secure Premium Finance Limited

(Registration number: 14383698)
Balance Sheet as at 31 December 2025

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 8 September 2026 and signed on its behalf by:
 

.........................................

M S Loud
Director

Secure Premium Finance Limited

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

1	Statutory information

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

The address of its registered office is:
323 Church Road
St George
Bristol
BS5 8AA

2	Accounting policies

Summary of significant accounting policies

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.

Secure Premium Finance Limited

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

Revenue recognition

Turnover consists of interest income.

Interest arising from funding activities is calculated using the effective interest method and recognised through profit and loss. The effective interest rate is the rate that exactly discounts estimated future cash payments or receipts over the expected life or duration of the finance agreement.

Interest income includes default and settlement fees on loans.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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 borrowers for monies loaned to them. They are therefore contractual payments of interest and capital. Trade debtors are initially recognised at fair value and subsequently recognised at amortised cost using the effective interest rate method, less provision for impairment. Standard credit terms for trade debtors are based on the length of the loan and repayments are due on a monthly basis.

Secure Premium Finance Limited

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

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.

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.

3	Staff numbers

The company has no employees other than the directors, who did not receive any remuneration.

4	Debtors: amounts falling due within one year

	2025 £	2024 £
Trade debtors	221,354	203,446
Other debtors	-	1,092
	221,354	204,538

Secure Premium Finance Limited

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

5

Creditors

	2025 £	2024 £
Amounts falling due within one year
Trade creditors	6,456	24,119
Amounts owed to connected parties	27,000	15,000
Accruals	2,490	12,157
Corporation tax	4,113	135
Director's loan account	175,199	175,199
	215,258	226,610

 

The amounts owed to connected parties and director's loan account are unsecured, interest free and repayable on demand.

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100