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Company Registration No. 12381702 (England and Wales)
Safehaven BNB Homes & Lettings Ltd Unaudited accounts for the year ended 31 December 2024
Safehaven BNB Homes & Lettings Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Safehaven BNB Homes & Lettings Ltd Company Information for the year ended 31 December 2024
Directors
Blessing Olalemi John Olalemi
Company Number
12381702 (England and Wales)
Registered Office
59 Hadrian Road Newcastle Upon Tyne NE4 9HN United Kingdom
Accountants
M&M Chartered Accountants 10 Northwood Gardens North Finchley London N12 9DR
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Safehaven BNB Homes & Lettings Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
5,352 
10,292 
Current assets
Debtors
5
1,566 
1,565 
Cash at bank and in hand
2,386 
468 
3,952 
2,033 
Creditors: amounts falling due within one year
6
(365)
- 
Net current assets
3,587 
2,033 
Net assets
8,939 
12,325 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
8,938 
12,324 
Shareholders' funds
8,939 
12,325 
For the year ending 31 December 2024 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 25 September 2025 and were signed on its behalf by
Blessing Olalemi Director Company Registration No. 12381702
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Safehaven BNB Homes & Lettings Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Safehaven BNB Homes & Lettings Ltd is a private company, limited by shares, registered in England and Wales, registration number 12381702. The registered office is 59 Hadrian Road, Newcastle Upon Tyne, NE4 9HN, United Kingdom.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% SLM
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2024
25,318 
At 31 December 2024
25,318 
Depreciation
At 1 January 2024
15,026 
Charge for the year
4,940 
At 31 December 2024
19,966 
Net book value
At 31 December 2024
5,352 
At 31 December 2023
10,292 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,566 
1,565 
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Safehaven BNB Homes & Lettings Ltd Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
365 
- 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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