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REGISTERED NUMBER: 12282863 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

Safety Platforms Holdings Limited

Safety Platforms Holdings Limited (Registered number: 12282863)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Safety Platforms Holdings Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: M H Barker





REGISTERED OFFICE: 67 Alverthorpe Road
Wakefield
West Yorkshire
WF2 9NU





REGISTERED NUMBER: 12282863 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Safety Platforms Holdings Limited (Registered number: 12282863)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 162,533 162,533
Investment property 5 261,500 522,999
424,033 685,532

CURRENT ASSETS
Debtors 6 7,320 106,637
Cash at bank 1,537 436
8,857 107,073
CREDITORS
Amounts falling due within one year 7 387,572 551,351
NET CURRENT LIABILITIES (378,715 ) (444,278 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,318

241,254

CREDITORS
Amounts falling due after more than one year 8 - 233,904
NET ASSETS 45,318 7,350

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 45,218 7,250
45,318 7,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Safety Platforms Holdings Limited (Registered number: 12282863)

Balance Sheet - continued
31 October 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





M H Barker - Director


Safety Platforms Holdings Limited (Registered number: 12282863)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Safety Platforms 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.

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 represented by net invoiced rent and is recognised on the start of the rental period.

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.

Financial instruments
Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 NIL (2022 - NIL).

Safety Platforms Holdings Limited (Registered number: 12282863)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 November 2022
and 31 October 2023 162,533
NET BOOK VALUE
At 31 October 2023 162,533
At 31 October 2022 162,533

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 522,999
Disposals (261,499 )
At 31 October 2023 261,500
NET BOOK VALUE
At 31 October 2023 261,500
At 31 October 2022 522,999

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 7,200 7,200
Other debtors 120 99,437
7,320 106,637

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts - 111,471
Taxation and social security 73,553 1,644
Other creditors 314,019 438,236
387,572 551,351

Safety Platforms Holdings Limited (Registered number: 12282863)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans - 233,904

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 183,176