Polysec Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02062021 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

POLYSEC HOLDINGS LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Chartered accountants' report

7

DIRECTORS:

Mr E S Beattie

Mrs J M Donohoe

REGISTERED OFFICE:

Blackpole Trading Estate West

Hindlip Lane

Worcester

WR3 8TJ

REGISTERED NUMBER:

02062021 (England and Wales)

ACCOUNTANTS:

Mitchell Glanville Limited

2nd Floor

Cumberland House

Oriel Road

Cheltenham

Gloucestershire

GL50 1BB

FIXED ASSETS

Tangible assets

4

62,374

Investments

5

10,000

Investment property

6

700,000

772,374

CURRENT ASSETS

Debtors

7

19,397

3,946

Cash at bank

227,903

300,022

247,300

303,968

CREDITORS

Amounts falling due within one year

8

43,746

80,922

NET CURRENT ASSETS

203,554

223,046

TOTAL ASSETS LESS CURRENT
LIABILITIES

975,928

995,420

PROVISIONS FOR LIABILITIES

50,000

NET ASSETS

925,928

945,420

CAPITAL AND RESERVES

Called up share capital

10

Fair value reserve

220,000

Retained earnings

705,918

725,410

SHAREHOLDERS' FUNDS

925,928

945,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2026 and were signed on its behalf by:

Mr E S Beattie - Director

Mrs J M Donohoe - Director

1.	STATUTORY INFORMATION

Polysec Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TANGIBLE FIXED ASSETS

Fixed assets are shown at historical cost. The freehold property has not been depreciated during the year, in the opinion of the directors, the residual value of the property at the end of it's useful economic life is at least equal to it's book value.

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The company's property is held for long term investment and is included in the balance sheet at open market value. Any surplus or deficit on revaluation is taken to the revaluation reserve. Depreciation is not provided on freehold investment property. This policy represents a departure from statutory accounting principles which require all fixed assets to be depreciated. The directors consider that this policy is necessary in order that the accounts may give a true and fair view, because current values and changes in current values are of prime importance rather than systematic annual depreciation.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

property

£

COST

At 1 January 2025

and 31 December 2025

62,374

NET BOOK VALUE

At 31 December 2025

62,374

At 31 December 2024

62,374

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

10,000

NET BOOK VALUE

At 31 December 2025

10,000

At 31 December 2024

10,000

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

700,000

NET BOOK VALUE

At 31 December 2025

700,000

At 31 December 2024

700,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2015

220,000

Valuation in 2018

200,000

Cost

280,000

700,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

280,000

The investment property was valued on an open market value basis on 31 December 2025 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

239

3,946

Amounts owed by participating interests

19,158

-

19,397

3,946

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

566

89

Amounts owed to participating interests

-

29,624

Tax

30,802

34,651

Other creditors

10,323

14,659

Directors' current accounts

315

Accrued expenses

1,740

1,584

43,746

80,922

9.	SECURED DEBTS

On 4 January 1994, Lloyds Bank plc registered a charge over the company's undertaking and property.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors is a balance of £315 (2024 - £315) owed to the directors. No interest is payable on this amount and it is repayable on demand.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Polysec Holdings Limited for the year ended 31 December 2025 which comprise the Income statement, Balance sheet, Statement of changes in equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Polysec Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Polysec Holdings Limited. You consider that Polysec Holdings Limited 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 financial statements of Polysec Holdings Limited. 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 financial statements.

Mitchell Glanville Limited

2nd Floor

Cumberland House

Oriel Road

Cheltenham

Gloucestershire

GL50 1BB

25 September 2026