Registration number: 12310157

Property Security Services (PSS) Ltd

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 10

Property Security Services (PSS) Ltd

Company Information

Directors

Mr J Quigley Mr R D Belcher

Registered office

Cawley Priory South Pallant Chichester West Sussex England PO19 1SY

Accountants

Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Property Security Services (PSS) Ltd
for the Year Ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Property Security Services (PSS) Ltd for the year ended 31 December 2025 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Property Security Services (PSS) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Property Security Services (PSS) Ltd and state those matters that we have agreed to state to the Board of Directors of Property Security Services (PSS) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Property Security Services (PSS) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Property Security Services (PSS) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Property Security Services (PSS) Ltd. You consider that Property Security Services (PSS) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Property Security Services (PSS) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

Blue Spire Limited
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

16 September 2026

Property Security Services (PSS) Ltd

(Registration number: 12310157)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	-	10,018
Tangible assets	5	254,150	36,226
		254,150	46,244
Current assets
Stocks	6	29,328	19,200
Debtors	7	166,338	128,620
Cash at bank and in hand		538,672	348,668
		734,338	496,488
Creditors: Amounts falling due within one year	8	(190,399)	(116,156)
Net current assets		543,939	380,332
Total assets less current liabilities		798,089	426,576
Creditors: Amounts falling due after more than one year	8	(284,218)	-
Net assets		513,871	426,576
Capital and reserves
Called up share capital	9	100	100
Share premium reserve		350,000	350,000
Retained earnings		163,771	76,476
Shareholders' funds		513,871	426,576

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 September 2026 and signed on its behalf by:
 

......................................... Mr J Quigley Director

Property Security Services (PSS) Ltd

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

1	General information

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

The address of its registered office is:
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY
England

These financial statements were authorised for issue by the Board on 16 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Property Security Services (PSS) Ltd

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	Straight line- 3, 5, 6, 7, 8 years
Office equipment	33% straight line
Rights of use asset	5 years per the lease term

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

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 customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Borrowings

Borrowings are stated at cost. Interest payable is charged to the profit and loss account on an accruals basis and is recognised monthly in accordance with the terms of the relevant borrowing agreements.

Property Security Services (PSS) Ltd

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

Leases

The company recognises a right-of-use asset and corresponding lease liability at the commencement date for leases, except for short-term leases and leases of low-value assets where the exemption has been applied.

The company has early adopted the amendments to FRS 102 relating to lease accounting. The lease liability is initially measured at the present value of the lease payments payable over the lease term, discounted using the interest rate implicit in the lease or, where this cannot readily be determined, the company's incremental borrowing rate.

The right-of-use asset is initially measured at cost, comprising the amount of the initial measurement of the lease liability, less any lease incentives received.

Subsequently, the right-of-use asset is depreciated on a straight-line basis over the lease term. The lease liability is increased by finance costs and reduced by lease payments made.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4	Intangible assets

	Trademarks, patents and licenses  £	Total £
Cost or valuation
At 1 January 2025	11,386	11,386
Disposals	(11,386)	(11,386)
At 31 December 2025	-	-
Amortisation
At 1 January 2025	1,368	1,368
Amortisation eliminated on disposals	(1,368)	(1,368)
At 31 December 2025	-	-
Carrying amount
At 31 December 2025	-	-
At 31 December 2024	10,018	10,018

Property Security Services (PSS) Ltd

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

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	66,022	-	66,022
Additions	236,983	51,250	288,233
Disposals	(54,299)	-	(54,299)
At 31 December 2025	248,706	51,250	299,956
Depreciation
At 1 January 2025	29,796	-	29,796
Charge for the year	36,567	5,979	42,546
Eliminated on disposal	(26,536)	-	(26,536)
At 31 December 2025	39,827	5,979	45,806
Carrying amount
At 31 December 2025	208,879	45,271	254,150
At 31 December 2024	36,226	-	36,226

6

Stocks

	2025 £	2024 £
Other inventories	29,328	19,200

7

Debtors

Current	2025 £	2024 £
Trade debtors	91,266	106,089
Prepayments	14,386	7,837
Other debtors	60,686	14,694
	166,338	128,620

Property Security Services (PSS) Ltd

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

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	7,939	-
Trade creditors		171,940	77,024
Taxation and social security		4,413	31,941
Accruals and deferred income		3,957	1,027
Other creditors		2,150	6,164
		190,399	116,156

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	284,218	-

Leases

The company has a lease for a Motor Vehicle.

At the commencement date of the lease, a right-of-use asset and a corresponding lease liability were recognised. The lease liability is measured at the present value of the lease payments, discounted using the interest rate of 2.78% per annum and is recognised under the "loans and borrowings" amounts in the finanicial statements.

The right-of-use asset is depreciated on a straight-line basis over the lease term.

The lease has a term of 5 years with fixed annual payments of £9,141.

The total interest expense recognised in the period is £682.

Property Security Services (PSS) Ltd

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

9	Share capital

Allotted, called up and fully paid shares

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

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	284,218	-

Current loans and borrowings

	2025 £	2024 £
Other borrowings	7,939	-

Property Security Services (PSS) Ltd

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

11

Dividends

		2025		2024
		£		£
Interim dividend of £Nil (2024 - £544.67) per ordinary share		91,797		54,467

12	Related party transactions

Transactions with directors

2025	At 1 January 2025 £	Advances to director £	Repayments by director £	At 31 December 2025 £
Mr J Quigley
Amounts owed from/(to) directors	-	104,326	(104,326)	-

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
Mr J Quigley
Amounts owed from/(to) directors	(19,236)	90,079	(70,843)	-

Summary of transactions with parent

The company is a wholly owned subsidiary of RDB1 Holdings Limited (company number: 14939317) from 26 June 2023. As at the year end Property Security Services (PSS) Ltd owes RDB1 Holdings Limited £nil (2024- £nil).

Summary of transactions with associates

Cash Dynamics Limited is a wholly owned subsidiary of Cash Dynamics Holdings Limited. Ray Belcher controls Cash Dynamics Holdings Limited through ownership of more than 50% of its issued share capital. At the reporting date, Property Security Services Limited owed Cash Dynamics Limited £3,042 (2024: £1,521). The outstanding balance is included within trade creditors in these financial statements.

Teparay Precision Sheet Metal Limited is a wholly owned subsidiary of Teparay Precision Sheet Metal Holdings Limited. Ray Belcher controls Teparay Precision Sheet Metal Holdings Limited through ownership of more than 50% of its issued share capital. At the reporting date, Property Security Services Limited owed Cash Dynamics Limited £nil (2024: £3,433). During the year, the outstanding balance was written off and recognised as a related party write-off through the profit and loss account. As a result, no amount was due from Property Security Services Limited at the year end.