REGISTERED NUMBER: 02793062 (England and Wales)

Unaudited Financial Statements

For The Year Ended 29 September 2024

for

SAFEINN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J N Butt

A Proni

REGISTERED OFFICE:

16 Northfields Prospect Business Centre

Putney Bridge Road

London

SW18 1PE

REGISTERED NUMBER:

02793062 (England and Wales)

ACCOUNTANTS:

LBCo Ltd

T/A Lees-Buckley & Co

16 Northfields Prospect

Putney Bridge Road

London

SW18 1PE

FIXED ASSETS

Tangible assets

4

384,295

384,295

CURRENT ASSETS

Debtors

5

2,605

577

Cash at bank

81,624

85,655

84,229

86,232

CREDITORS

Amounts falling due within one year

6

15,040

13,578

NET CURRENT ASSETS

69,189

72,654

TOTAL ASSETS LESS CURRENT LIABILITIES

453,484

456,949

CAPITAL AND RESERVES

Called up share capital

7

31

31

Share premium

8

81,285

81,285

Retained earnings

8

372,168

375,633

SHAREHOLDERS' FUNDS

453,484

456,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2024 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 20 June 2025 and were signed on its behalf by:

J N Butt - Director

1.	STATUTORY INFORMATION

Safeinn 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 represents rent, ground rent and membership fees receivable in the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Gym equipment

-

25% on cost

Fixtures and fittings

-

25% on cost

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Gym

Gym

and

property

building

equipment

fittings

Totals

£

£

£

£

£

COST

At 30 September 2023

and 29 September 2024

309,358

74,937

12,948

5,927

403,170

DEPRECIATION

At 30 September 2023

and 29 September 2024

-

-

12,948

5,927

18,875

NET BOOK VALUE

At 29 September 2024

309,358

74,937

-

-

384,295

At 29 September 2023

309,358

74,937

-

-

384,295

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.9.24

29.9.23

£

£

Other debtors

2,605

270

Prepayments

-

307

2,605

577

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.9.24

29.9.23

£

£

Other creditors

4,877

4,653

Accrued expenses

10,163

8,925

15,040

13,578

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.9.24

29.9.23

value:

£

£

31

Ordinary shares

£1

31

31

8.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 30 September 2023

375,633

81,285

456,918

Deficit for the year

(3,465

)

(3,465

)

At 29 September 2024

372,168

81,285

453,453