REGISTERED NUMBER: 08719870 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MY SAFE PLACE SOUTHERN LTD

Page

Balance sheet

1

Notes to the financial statements

3

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

10,359

13,365

10,359

13,365

Current assets

Debtors

6

11,563

5,302

Cash at bank

283

3,137

11,846

8,439

Creditors

Amounts falling due within one year

7

13,128

8,628

Net current liabilities

(1,282

)

(189

)

Total assets less current liabilities

9,077

13,176

Creditors

Amounts falling due after more than one year

8

(4,727

)

(5,914

)

Provisions for liabilities

9

(1,968

)

-

Net assets

2,382

7,262

Capital and reserves

Called up share capital

10

100

100

Retained earnings

2,282

7,162

Shareholders' funds

2,382

7,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 September 2025 and were signed by:

Ms K A Mason - Director

1.	Statutory information

My Safe Place Southern Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 08719870. The registered office and business address is 642 Blandford Road, Upton, Poole, Dorset, BH16 5EQ.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the year 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.

Deferred taxation

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.

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.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 January 2024

and 31 December 2024

220

Amortisation

At 1 January 2024

and 31 December 2024

220

Net book value

At 31 December 2024

-

At 31 December 2023

-

5.	Tangible fixed assets

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 January 2024

and 31 December 2024

8,975

27,951

1,670

38,596

Depreciation

At 1 January 2024

8,976

15,003

1,252

25,231

Charge for year

(1

)

2,589

418

3,006

At 31 December 2024

8,975

17,592

1,670

28,237

Net book value

At 31 December 2024

-

10,359

-

10,359

At 31 December 2023

(1

)

12,948

418

13,365

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Amounts owed by associates

11,563

2,863

Other debtors

-

356

Tax

-

1,863

VAT

-

220

11,563

5,302

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

3,792

4,270

Trade creditors

244

219

Tax

22

-

VAT

231

-

Other creditors

1,035

3,099

Directors' current accounts

6,154

1,040

Accruals and deferred income

1,650

-

13,128

8,628

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans - 1-2 years

3,792

5,914

Bank loans - 2-5 years

935

-

4,727

5,914

9.	Provisions for liabilities

2024

2023

£

£

Deferred tax

1,968

-

Deferred

tax

£

Charge to Income statement during year

1,968

Balance at 31 December 2024

1,968

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

75

Ordinary

£1

75

75

25

Ordinary A

£1

25

25

100

100

11.	Ultimate controlling party

The ultimate controlling party is Ms K Mason, who owns 100% of the share capital.

12.	First year adoption

These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 January 2023.

The transition to FRS102 Section 1A small entities has resulted in a small number of changes in accounting policies to those previously used.

The nature of these changes and their impact on opening equity and profit, where applicable, is detailed in the notes to these financial statements.