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REGISTERED NUMBER: 04461129 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Safton Properties Limited

Safton Properties Limited (Registered number: 04461129)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Safton Properties Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S Thaddeus





REGISTERED OFFICE: Sunny Lodge
Fairwarp
Uckfield
West Sussex
TN22 3DT





REGISTERED NUMBER: 04461129 (England and Wales)






Safton Properties Limited (Registered number: 04461129)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 772,134 782,161

CURRENT ASSETS
Debtors 5 3,970 1,943
Cash at bank 26,373 20,637
30,343 22,580
CREDITORS
Amounts falling due within one year 6 5,712 5,132
NET CURRENT ASSETS 24,631 17,448
TOTAL ASSETS LESS CURRENT LIABILITIES 796,765 799,609

CREDITORS
Amounts falling due after more than one
year

7

463,200

461,202
NET ASSETS 333,565 338,407

CAPITAL AND RESERVES
Called up share capital 12,084 3,752
Revaluation reserve 8 419,078 419,078
Retained earnings (97,597 ) (84,423 )
SHAREHOLDERS' FUNDS 333,565 338,407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 3 December 2024 and were signed by:




S Thaddeus - Director


Safton Properties Limited (Registered number: 04461129)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Safton Properties 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 25% on reducing balance and in accordance with the property
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 907,777 72,125 979,902
Additions - 2,717 2,717
Disposals - (898 ) (898 )
At 30 June 2024 907,777 73,944 981,721
DEPRECIATION
At 1 July 2023 149,686 48,055 197,741
Charge for year 8,470 3,929 12,399
Eliminated on disposal - (553 ) (553 )
At 30 June 2024 158,156 51,431 209,587
NET BOOK VALUE
At 30 June 2024 749,621 22,513 772,134
At 30 June 2023 758,091 24,070 782,161

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 2,446 190
Other debtors 1,524 1,753
3,970 1,943

Safton Properties Limited (Registered number: 04461129)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security - 880
Other creditors 5,712 4,252
5,712 5,132

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 463,200 461,202

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Loan 463,200 461,202

8. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 419,078

9. CONTROL

The company is under the control of Mrs S A Thaddeus and Mr F Thaddeus.