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REGISTERED NUMBER: OC335579 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SAFEGROVE LLP
SAFEGROVE LLP (REGISTERED NUMBER: OC335579)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SAFEGROVE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DESIGNATED MEMBERS: D Polak
E Ronay





REGISTERED OFFICE: 105-111 Euston Street
Euston Street
London
NW1 2EW





REGISTERED NUMBER: OC335579 (England and Wales)





ACCOUNTANTS: Anthonisz Neville LLP
105-111 Euston Street
London
NW1 2EW
Page 1
SAFEGROVE LLP (REGISTERED NUMBER: OC335579)

ABRIDGED BALANCE SHEET
31 MARCH 2025

31/3/25 31/3/24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,887 18,111
2,887 18,111

CURRENT ASSETS
Stocks 453 366
Debtors 224,872 154,861
Cash at bank 7,034 34,116
232,359 189,343
CREDITORS
Amounts falling due within one year 3,084 2,180
NET CURRENT ASSETS 229,275 187,163
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
232,162
205,274

The notes form part of these financial statements

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SAFEGROVE LLP (REGISTERED NUMBER: OC335579)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2025

31/3/25 31/3/24
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS
6
115,941
89,053

MEMBERS' OTHER INTERESTS
Capital accounts 116,221 116,221
232,162 205,274

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 115,941 89,053
Members' other interests 116,221 116,221
Amounts due from members (224,872 ) (154,861 )
7,290 50,413

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 11 December 2025 and were signed by:




D Polak - Designated member

The notes form part of these financial statements

Page 3
SAFEGROVE LLP (REGISTERED NUMBER: OC335579)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Safegrove LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Trade Mark are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - 2 ).

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SAFEGROVE LLP (REGISTERED NUMBER: OC335579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2024
and 31 March 2025 3,175
AMORTISATION
At 1 April 2024
and 31 March 2025 3,175
NET BOOK VALUE

At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2024 65,097
Disposals (30,552 )
At 31 March 2025 34,545
DEPRECIATION
At 1 April 2024 46,986
Charge for year 963
Eliminated on disposal (16,291 )
At 31 March 2025 31,658
NET BOOK VALUE
At 31 March 2025 2,887
At 31 March 2024 18,111

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loan and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
There is no provision for specific legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of 'Member's other interest'.

Page 5