|
| Basis of opinion |
| We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out below, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
| In accordance with the exemption provided by FRC's Ethical Standard - Provisions Available for Audits of Small Entities, we have prepared and submitted the company’s returns to the tax authorities and assisted with the preparation of the accounts. |
|
| Conclusions relating to going concern |
| In auditing the accounts, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the accounts is appropriate. |
| ● |
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue. |
| ● |
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. |
|
| Other information |
| The other information comprises the information included in the report and accounts, other than the accounts and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the accounts does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the accounts, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the accounts or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. |
| We have nothing to report in this regard, apart from matters relating to the intercompany and related party debtors |
| and creditors, whereby written assurances have been given between the companies not to enforce the debts. |
|
| Opinions on other matters prescribed by the Companies Act 2006 |
| In our opinion, based on the work undertaken in the course of the audit: |
| ● |
the information given in the directors’ report for the financial year for which the accounts are prepared is consistent with the accounts; and |
| ● |
the directors’ report has been prepared in accordance with applicable legal requirements. |
|
| Matters on which we are required to report by exception |
| Secure MT Limited |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
|
|
| 1 |
Accounting policies |
|
|
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 |
|
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Intangible Assets |
over 5 years |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
over 50 years |
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
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|
|
|
|
|
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Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated 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. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
Financial Instruments |
|
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments, discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. All loans made by the entities to third parties are repayable on demand, and are measured at their cost. |
|
| 2 |
Audit information |
|
|
The audit report is unqualified. |
|
|
Senior statutory auditor: |
Mr Anthony Maran Letchumanan |
|
Firm: |
ANTHONY CROFT EZEKIEL LTD |
|
Date of audit report: |
24 September 2026 |
|
|
|
|
|
|
2025 |
|
2024 |
| £ |
£ |
|
Auditors Remuneration |
|
|
|
|
5,000 |
|
5,000 |
|
|
|
|
|
|
|
|
|
| 3 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
| £ |
£ |
|
Director's Emoluments |
0 |
|
- |
|
|
|
|
|
|
|
|
|
| 4 |
Intangible fixed assets |
£ |
£ |
|
|
|
|
|
|
|
|
Development |
|
|
|
|
|
|
|
|
costs |
|
Cost |
|
At 1 January 2025 |
146,133 |
|
At 31 December 2025 |
146,133 |
|
|
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 January 2025 |
110,406 |
|
Provided during the year |
12,000 |
|
At 31 December 2025 |
122,406 |
|
|
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2025 |
23,727 |
|
At 31 December 2024 |
35,727 |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible development cost is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
17,598 |
|
19,346 |
|
Other debtors |
152,785 |
|
301,947 |
|
|
|
|
|
|
170,383 |
|
321,293 |
|
|
|
|
|
|
|
|
|
|
Amounts due from group and associated undertakings carry interest of 2.5% , are unsecured and repayable on demand. |
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
5,644 |
|
2,400 |
|
Corporation tax |
1,477 |
|
- |
|
Other taxes and social security costs |
16,735 |
|
25,009 |
|
Other creditors |
166,166 |
|
304,577 |
|
|
|
|
|
|
190,022 |
|
331,986 |
|
|
|
|
|
|
|
|
|
|
Amounts owed to group and associated undertakings carry interest of 2.5% , are unsecured and repayable on demand. |
|
| 7 |
Events after the reporting date |
|
|
At 31/03/2026, 95% of the share capital was acquired by P&H Global Ltd, Mr A Perez retains a 2.5% interest and the balancing 2.5% has been acquired by a 3rd party. |
|
|
| 8 |
Share Capital |
|
|
The 95% of the share capital is held by the director, Mr A Perez. 5% is held by an entity called Telecom2 Ltd, which in turn is a wholly owned subsidiary of J2 World Ltd. Mr Perez also owns 70% of J2 World Ltd. |
|
| 9 |
Related party transactions |
|
|
The company is owed the sum of £51,338 from Telecom2 Ltd at the year end.This is recognised as a Debtor (Note 4). These are payable and receivable on demand.However the directors and shareholders between these intercompany and related entities hold common interest and have issued written intention of mutual support. |
|
| 10 |
Controlling party |
|
|
The director has ultimate control of the company, both directly and via the minority shareholder which is the J2 World Ltd Group,(including Telecom 2 Ltd), in which the director owns 70% of the equity. The company is financially supported by its associated companies. |
|
| 11 |
Other information |
|
|
Secure MT Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Cotswold House |
|
219 Marsh Wall |
|
London |
|
E14 9FJ |