Safe Property Solutions Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08698270

Safe Property Solutions Ltd

Filleted Unaudited Financial Statements

31 March 2025

Safe Property Solutions Ltd

Financial Statements

Year ended 31 March 2025

Contents	Page

Officers and professional advisers	1

Accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Safe Property Solutions Ltd

Officers and Professional Advisers

The board of directors	Mr A Forsey
	Ms E Peach

Registered office	74 High St
	Gretton
	Corby
	Northants
	NN17 3DF

Accountants	A Plus Accountants Limited
	Accountants
	10 Canberra House
	Corbygate Business Park
	Corby
	Northants
	NN17 5JG

Safe Property Solutions Ltd

Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Safe Property Solutions Ltd

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Safe Property Solutions Ltd for the year ended 31 March 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Safe Property Solutions Ltd, as a body, in accordance with the terms of our engagement letter dated 14 January 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Safe Property Solutions Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Safe Property Solutions Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Safe Property Solutions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Safe Property Solutions Ltd. You consider that Safe Property Solutions Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Safe Property Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

A Plus Accountants Limited Accountants

10 Canberra House Corbygate Business Park Corby Northants NN17 5JG

10 December 2025

Safe Property Solutions Ltd

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		566,391	531,739

Current assets

Debtors	6	3,983	668
Cash at bank and in hand		5,929	28,781
		-------	--------
		9,912	29,449

Creditors: amounts falling due within one year	7	6,927		34,574
		-------		--------
Net current assets/(liabilities)			2,985	( 5,125)
			---------	---------
Total assets less current liabilities			569,376	526,614

Creditors: amounts falling due after more than one year	8		348,784	348,784

Provisions

Taxation including deferred tax	37,218	28,556
	---------	---------
Net assets	183,374	149,274
	---------	---------

Capital and reserves

Called up share capital	9	100	100
Fair value reserve	10	110,613	84,363
Profit and loss account	10	72,661	64,811
		---------	---------
Shareholders funds		183,374	149,274
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Safe Property Solutions Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 10 December 2025 , and are signed on behalf of the board by:

Mr A Forsey

Director

Company registration number: 08698270

Safe Property Solutions Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 74 High St, Gretton, Corby, Northants, NN17 3DF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% reducing balance

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Equipment	Investment Property	Total
	£	£	£
Cost or valuation
At 1 April 2024	2,999	530,000	532,999
Revaluations	–	35,000	35,000
	-------	---------	---------
At 31 March 2025	2,999	565,000	567,999
	-------	---------	---------
Depreciation
At 1 April 2024	1,260	–	1,260
Charge for the year	348	–	348
	-------	---------	---------
At 31 March 2025	1,608	–	1,608
	-------	---------	---------
Carrying amount
At 31 March 2025	1,391	565,000	566,391
	-------	---------	---------
At 31 March 2024	1,739	530,000	531,739
	-------	---------	---------

6. Debtors

	2025	2024
	£	£
Prepayments and accrued income	727	668
Directors loan account	3,256	–
	-------	----
	3,983	668
	-------	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	1,276	1,176
Corporation tax	1,904	6,190
Director loan accounts	–	23,548
Other creditors	3,747	3,660
	-------	--------
	6,927	34,574
	-------	--------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	348,784	348,784
	---------	---------

Included within creditors: amounts falling due after more than one year is an amount of £348,784 (2024: £348,784) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.

The Mortgage Works (UK) PLC holds fixed and floating charges on 1 Deene Close and 3 Deene Close. Charter Court Financial Services Limited holds a fixed and floating charges on 64B South Road. These charges are in relation to loan advances repayable after 5 years.

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

10. Reserves

Fair Value reserve - This reserve records the Fair Value movements on assets recognised in the profit and loss. Profit and loss account - This reserve records retained earnings and accumulated losses.

11. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025	2024
	£	£
Balance brought forward	(23,549)	(31,049)
Amounts repaid	26,804	7,500
Balance outstanding	3,255	(23,549)

The amounts outstanding at the year end are interest free and repayable on demand.