SAFL Property Ltd

SAFL Property Ltd
Directors' Report
For the year ended 31 March 2025

Director's report and financial statements

The directors present his/her/their annual report and the financial statements for the year ended 31 March 2025

Principal activities

Principal activity of the company during the financial year was buying and selling of own real estate.

Statement of directors' responsibilities

The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Directors

The directors who served the company throughout the year were as follows:

Kevin Francis De Souza

Jesus Yohany Munoz Orozco

Liam Joseph Brendan Ryan

This report was approved by the board and signed on its behalf by:

----------------------------------
Liam Joseph Brendan Ryan
Director

Date approved: 03 December 2025

SAFL Property Ltd Accountants' Report For the year ended 31 March 2025
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SAFL Property Ltd for the 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 accounts of SAFL Property Ltd for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance This report is made solely to the Board of Directors of SAFL Property Ltd, as a body, in accordance with the terms of our engagement letter dated 31 March 2022. Our work has been undertaken solely to prepare for your approval the accounts of SAFL Property Ltd and state those matters that we have agreed to state to the Board of Directors of SAFL Property Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SAFL Property Ltd and its Board of Directors as a body for our work or for this report. It is your duty to ensure that SAFL Property Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SAFL Property Ltd. You consider that SAFL Property 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 accounts of SAFL Property 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 accounts for the period ended 31 March 2025 .................................................... aa Chartered Accountants 6 Blenheim Court Peppercorn Close Peterborough PE1 2DU 03 December 2025 3

SAFL Property Ltd
Accountants' Report
For the year ended 31 March 2025

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SAFL Property Ltd for the 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 accounts of SAFL Property Ltd for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

This report is made solely to the Board of Directors of SAFL Property Ltd, as a body, in accordance with the terms of our engagement letter dated 31 March 2022. Our work has been undertaken solely to prepare for your approval the accounts of SAFL Property Ltd and state those matters that we have agreed to state to the Board of Directors of SAFL Property Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SAFL Property Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that SAFL Property Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SAFL Property Ltd. You consider that SAFL Property 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 accounts of SAFL Property 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 accounts for the period ended
31 March 2025

....................................................
aa Chartered Accountants
6 Blenheim Court
Peppercorn Close
Peterborough
PE1 2DU
03 December 2025

SAFL Property Ltd
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	3,446,366	5,076,669
Investments	4	1	1
		3,446,367	5,076,670
Current assets
Debtors	5	133,217	120,536
Cash at bank and in hand		84,633	12,912
		217,850	133,448
Creditors: amount falling due within one year	6	(359,009)	(359,633)
Net current assets		(141,159)	(226,185)

Total assets less current liabilities		3,305,208	4,850,485
Creditors: amount falling due after more than one year	7	(4,755,923)	(5,143,946)
Accruals and deferred income		(7,101)	(13,808)
Provisions for liabilities	8	(766)	0
Net assets		(1,458,582)	(307,269)

Capital and reserves
Called up share capital	9	100	100
Revaluation Reserves	10	2,300	1,368,775
Profit and loss account		(1,460,982)	(1,676,144)
Shareholders' funds		(1,458,582)	(307,269)

For the year ended 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 accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 03 December 2025 and were signed on its behalf by:

-------------------------------
Liam Joseph Brendan Ryan
Director

SAFL Property Ltd
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

SAFL Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 10899741, registration address Unit 216 C/O Assets For Life Waterhouse Business Centre, 2 Cromar Way, Chelmsford, England, CM1 2QE.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Under FRS105 the property has not been revalued.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	25% Straight Line
Computer Equipment	33% Straight Line

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.	Average number of employees including directors Average number of employees during the year was 3 (2024 : 3).

Tangible fixed assets

Cost or valuation	Land and Buildings	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 01 April 2024	5,069,299	49,440	3,790	5,122,529
Additions	-	-	-	-
Disposals	(258,590)	-	-	(258,590)
Revaluations	(1,365,709)	-	-	(1,365,709)
At 31 March 2025	3,445,000	49,440	3,790	3,498,230
Depreciation
At 01 April 2024	-	42,074	3,786	45,860
Charge for year	-	6,000	4	6,004
On disposals	-	-	-	-
At 31 March 2025	-	48,074	3,790	51,864
Net book values
Closing balance as at 31 March 2025	3,445,000	1,366	-	3,446,366
Opening balance as at 01 April 2024	5,069,299	7,366	4	5,076,669

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 April 2024	1	1
Additions	-	-
Disposals	-	-
At 31 March 2025	1	1

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	295,026	295,026
Provision for Doubtful Debts	(293,556)	(293,556)
Amount Owed by Participating Interests	112,251	108,003
Prepayments & Accrued Income	6,340	2,131
Landlord deposit	13,156	8,825
VAT	0	107
	133,217	120,536

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	23,822	26,764
Bounce Back Loan less than 1 year	10,649	10,000
Accrued Expenses	0	1,563
Interest Payable	305,301	305,301
Tenant deposit	16,811	13,579
Directors' Current Accounts	2,426	2,426
	359,009	359,633

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bounce Back Loan more than 1 year	1,018	11,667
Bank Loans & Overdrafts	2,989,024	4,229,398
Amounts Owed to Participating Interests	962,881	902,881
Investor Loans	803,000	0
	4,755,923	5,143,946

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	766		0
	766		0

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
50 Class A shares of £1.00 each	50	50
25 Class B shares of £1.00 each	25	25
25 Class C shares of £1.00 each	25	25
	100	100

10.

Revaluation Reserves

	2025 £	2024 £
Revaluation Reserve b/fwd	1,368,775	1,368,775
Revaluation of Fixed Assets	(1,365,709)	0
Deferred Tax Provided on Revaluation	(766)	0
	2,300	1,368,775

11.	Events after Balance sheet date

Revaluaton

The directors instructed Eddisons to produce an after-date property revaluation on 22nd September 2025 it is the basis of this report that has been used for the revaluation of the asset.

Debt for Equity Exchange

As at the year end the Company has been exploring the possibility of a debt for equity swap with its investors.

12.	Director’s loan

Money advanced to the company by directors

Particulars		Current £
Opening balance as at 1 April 2024		2,426
Money advanced by directors during the year		-
		2,426

13.	Amounts owed by Participating Interest During the year ending 31 March 2025, the company entered into related party transactions with "SAFL 10 Ltd" (100% shareholding). The balance at 31 March 2025 is £112,251owed to the company. (2024: £108,003)

14.	Bank Loans - Security The bank loans are secured against the company's investment properties.

15.	Bounce Bank Loan The bank loan included in creditors more than one year, has an amount of £1,018 (2024: £11,667) which is due after more than 1 year. The bank loan included in creditors due less than one year has an amount of £10,649 (2024: £10,000) which is due within 1 year.

16.	Bank loans and overdrafts The bank loans and overdraft included in creditors due more than one year has an amount of £2,989,024 (2024: £3,384,397) which is due after more than one year. This is secured against the property.

17.

Participating Loan

During the year the company was advanced funds from the attached related parties, these are related by either common directors and shareholders or spouses of directors. All loans are subject to interest however interest has been frozen since 2024.

Particulars	Current £	2024 £
JM Prop Ltd (09913202)	390,000	340,000
Assets for Life Ltd (09935286)	546,112	534,248
Springboard Ltd (08547855)	7,769	6,337
Hollie Ryan	10,000	-
F Munoz Prop Ltd (12079571)	5,000	-
Jay lettings Ltd (05997136)	4,000	-

Registered Number: 10899741
England and Wales
SAFL PROPERTY LTD

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025