ACCOUNTS - Final Accounts preparation

Company registration number: 04768902

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	SAFEBOX LIMITED


SAFEBOX LIMITED

COMPANY INFORMATION

Director	M C J Holme


Company secretary	J Holme


Registered number	04768902


Registered office	Richmond House
	Walkern Road
	Stevenage
	Hertfordshire
	SG1 3QP


Bankers	Bank of Scotland
	Cambridge
	CB2 1JW


SAFEBOX LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


SAFEBOX LIMITED REGISTERED NUMBER:04768902

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		724,849		724,849
			724,849		724,849
Current assets
Debtors: amounts falling due within one year	5	171,243		166,028
Cash at bank and in hand		725		725
		171,968		166,753
Creditors: amounts falling due within one year	6	(2,278)		(2,085)
Net current assets			169,690		164,668
Total assets less current liabilities			894,539		889,517

Net assets			894,539		889,517

Capital and reserves
Called up share capital	1	1
Revaluation reserve	279,166	279,166
Profit and loss account	615,372	610,350
	894,539	889,517

Page 1


SAFEBOX LIMITED REGISTERED NUMBER:04768902

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

M C J Holme

Director

Date: 21 September 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


SAFEBOX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Safebox 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.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rental income is recognised in the income statement on a straight line basis over the year in which the rental relates.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3


SAFEBOX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Freehold property	-	Not depreciated
				Motor vehicles	-	33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Page 4


SAFEBOX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

	Freehold property	Motor vehicles	Total
	£	£	£
Cost or valuation
At 1 April 2024	724,849	1,700	726,549
At 31 March 2025	724,849	1,700	726,549
Depreciation
At 1 April 2024	-	1,700	1,700
At 31 March 2025	-	1,700	1,700
Net book value
At 31 March 2025	724,849	-	724,849
At 31 March 2024	724,849	-	724,849

Cost or valuation at 31 March 2025 is as follows:

			Land and buildings
			£

		At cost	445,683

		Revaluation reserve	279,166

			724,849

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:
	2025	2024
	£	£


Cost	445,683	445,683
Net book value	445,683	445,683

Page 5


SAFEBOX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Amounts owed by connected companies	171,118	165,903
Other debtors	125	125
	171,243	166,028

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Corporation tax	1,178	1,235
Accruals and deferred income	1,100	850
	2,278	2,085

7.	Related party transactions
	At the balance sheet date the director owed £125 (2024: £125) to the company. The balance can be found within debtors and is interest free. At the balance sheet date the company was owed £171,118 (2024: £165,903) by companies under common control. The balance can be found within debtors and is interest free.

Page 6