Company Registration No. 13193683 (England and Wales)
SAFI'S JV 1 LIMITED
Unaudited accounts
for the year ended 28 February 2023
SAFI'S JV 1 LIMITED
Statement of financial position
as at 28 February 2023
Investments
230,000
80,000
Cash at bank and in hand
-
150,000
Net current assets
-
150,000
Total assets less current liabilities
230,000
230,000
Creditors: amounts falling due after more than one year
(229,880)
(229,880)
Called up share capital
120
120
Shareholders' funds
120
120
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by
Mr Abd Al Rahman SAFI
Director
Company Registration No. 13193683
SAFI'S JV 1 LIMITED
Notes to the Accounts
for the year ended 28 February 2023
SAFI'S JV 1 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13193683. The registered office is 117 LODGE LANE, LIVERPOOL, L8 0QF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 28 February 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 March 2022
-
80,000
80,000
Additions
150,000
-
150,000
Valuation at 28 February 2023
150,000
80,000
230,000
5
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
229,880
229,880
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).