Company registration number 14547383 (England and Wales)
SAFEHOLD OFFICE SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
SAFEHOLD OFFICE SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
SAFEHOLD OFFICE SERVICES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
398,350
398,350
Current assets
Debtors
5
10,414
3,168
Cash at bank and in hand
31,091
16,086
41,505
19,254
Creditors: amounts falling due within one year
6
(382,909)
(388,138)
Net current liabilities
(341,404)
(368,884)
Net assets
56,946
29,466
Capital and reserves
Called up share capital
99
99
Profit and loss reserves
56,847
29,367
Total equity
56,946
29,466

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

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 February 2026 and are signed on its behalf by:
G Gallagher
Director
Company registration number 14547383 (England and Wales)
SAFEHOLD OFFICE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Safehold Office Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 17 Pennine Parade, Pennine Drive, London, NW2 1NT.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption is dependent upon the continued support from a related undertaking.

The company has received assurances from the related undertaking that existing liabilities will not be called upon until Safehold Office Services Limited is in a position to repay them. During the period, the directors received an inter-company loan to acquire an investment property. Therefore, the directors are of the opinion that continued funding will be provided to support Safehold Office Services Limited for the foreseeable future and to enable it to meet its day-to-day commitments from cash flows.

As a consequence, the directors believe that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook. In view of the above, and a t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

If the company were unable to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amounts, to provide for further liabilities that might arise and to reclassify fixed assets as current assets.

1.3
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

The company recognises revenue from the following major sources:

- Rent receivable

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

SAFEHOLD OFFICE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
Rent receivable

Turnover is the amount derived from ordinary activities, being mainly rents, licence fees and related income, and revenues derived from the sale of properties.

Rental income from property leased out under an operating lease is recognised in the profit and loss account on a straight line basis over the term of the lease.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
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.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.8
Leases
As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

SAFEHOLD OFFICE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Impairment review of Investment property

Management regularly review the current market value, rental market and rental yields of the Investment property.

Recoverability of intercompany balances

Management regularly review intercompany balances for recoverability.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5

4
Investment property
2025
£
Fair value
At 1 January 2025 and 31 December 2025
398,350

Investment property comprises a freehold property acquired in April 2023. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 December 2025 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The directors confirm no change in value since acquisition.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
10,414
3,168
SAFEHOLD OFFICE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
5
Debtors
(Continued)
- 5 -

Other debtors falling due within one year include amounts due from related parties. The amounts are unsecured, interest-free, with no fixed repayment terms.

6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
10,248
6,089
Other creditors
372,661
382,049
382,909
388,138

Other creditors falling due within one year include amounts due to related parties. The amounts are unsecured, interest-free, with no fixed repayment terms.

7
Operating lease commitments

The operating leases represent leases property to third parties. The leases are negotiated over terms of 1-3 years and rentals are fixed for 1-3 years. There are no options in place for either party to extend the lease terms.

2025
2024
Future amounts receivable under operating leases:
£
£
Total commitments
179,537
35,537
2025-12-31 2025-01-01 false false false 05 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity G Gallagher V Gallagher P Doherty 14547383 2025-01-01 2025-12-31 14547383 2025-12-31 14547383 2024-12-31 14547383 core:CurrentFinancialInstruments 2025-12-31 14547383 core:CurrentFinancialInstruments 2024-12-31 14547383 core:ShareCapital 2025-12-31 14547383 core:ShareCapital 2024-12-31 14547383 core:RetainedEarningsAccumulatedLosses 2025-12-31 14547383 core:RetainedEarningsAccumulatedLosses 2024-12-31 14547383 bus:Director1 2025-01-01 2025-12-31 14547383 2024-01-01 2024-12-31 14547383 2024-12-31 14547383 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 14547383 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 14547383 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 14547383 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 14547383 bus:FRS102 2025-01-01 2025-12-31 14547383 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 14547383 bus:Director2 2025-01-01 2025-12-31 14547383 bus:Director3 2025-01-01 2025-12-31 14547383 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP