Secureframe Europe Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 14082881 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 3 MAY 2022 TO 31 DECEMBER 2022

FOR

SECUREFRAME EUROPE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Mehta

C Sesi

REGISTERED OFFICE:

C/O Fieldfisher Riverbank House

2 Swan Lane

London

EC4R 3TT

REGISTERED NUMBER:

14082881 (England and Wales)

AUDITORS:

WD Audit Limited

Lower Ground Floor

111 Charterhouse Street

London

EC1M 6AW

CURRENT ASSETS

Debtors

4

16,697

Cash at bank

17,455

34,152

CREDITORS

Amounts falling due within one year

5

26,040

NET CURRENT ASSETS

8,112

TOTAL ASSETS LESS CURRENT LIABILITIES

8,112

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

7,112

8,112

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 19 September 2023 and were signed on its behalf by:

S Mehta - Director

1.	STATUTORY INFORMATION

Secureframe Europe 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.

Turnover

Turnover is derived from recharged expenses to the parent company and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Interest Income

Interest income is recognised in profit or loss using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

13,754

Other debtors

2,943

16,697

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

6,529

Taxation and social security

2,251

Other creditors

17,260

26,040

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Roy Davis FCA (Senior Statutory Auditor)

for and on behalf of WD Audit Limited

7.	PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £8,764. Contributions totalling £2,575 were payable to the fund at the balance sheet date and are included in creditors.

8.	RELATED PARTY DISCLOSURES

During the financial year the company received £163,121 from Secureframe Inc. At the year end dated £12,121 was owed from Secureframe Inc.

9.	ULTIMATE CONTROLLING PARTY

The Company is wholly owned subsidiary of Secureframe, Inc. a Company incorporated in the United States of America. The smallest group in which the results of the Company are consolidated is that headed by Secureframe, Inc. with its registered office at 548 Market Street 30287, San Francisco CA 94104-5401, United States of America.