Greensafe Property Limited

	Page
Company Information	1
Director's Report	2
Independent Auditor's Report	3—5
Statement of Comprehensive Income	6
Statement of Financial Position	7
Statement of Changes in Equity	8
Notes to the Financial Statements	9—12

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Company No. 09921316

Director's Report For The Year Ended 31 August 2025

Director's Report

The director presents his report and the financial statements for the year ended 31 August 2025.

Principal Activity

The company's principal activity continues to be that of a property rental business.

Directors

The director who held office during the year were as follows:

Mr J A Sansom

Statement of Director's Responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director 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 the financial statements the director is 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 director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and 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. He is 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 director is 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.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Director's Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

On behalf of the board

Mr J A Sansom

Director

28 May 2026

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Independent Auditor's Report

to the Members of

Greensafe Property Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Greensafe Property Limited for the year ended 31 August 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 - Section 1A for Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 August 2025 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to smaller entities; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Director's Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Greensafe Property Limited

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Director's Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of director's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit, or
the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Director's Report and from the requirement to prepare a Strategic Report.

Responsibilities of Directors

As explained more fully in the Director's Responsibilities Statement set out on page 2, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified the laws and regulations applicable to the company and identified the specific laws and regulations that have a direct material effect on the financial statements and the operations of the company, including the Companies Act 2006 and UK GAAP, FRS102 1a in particular. The laws and regulations were communicated to the audit team who remained alert to instances of non-compliance throughout the audit. We also assessed the susceptibility of the company’s financial statements to material misstatement by making enquiries of management as to where they considered there was a susceptibility to fraud, their knowledge of actual or suspected frauds and through a consideration of the internal controls that might mitigate the risk of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and the override of controls, we performed substantive testing of material balance sheet assets and liabilities, plus directional testing of revenue and expenses. There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment, forgery, collusion or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

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Independent Auditor's Report (continued)

to the Members of

Greensafe Property Limited

Neil Harrison (Senior Statutory Auditor)

for and on behalf of Harrison Partners Limited , Statutory Auditor

28 May 2026

Harrison Partners Limited

Masonic Building

9 Mill Street

Sutton Coldfield

B72 1TJ

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Greensafe Property Limited

Statement of Comprehensive Income

For The Year Ended 31 August 2025

Statement of Comprehensive Income

		2025	2024
	Notes	£	£
TURNOVER		120,000	180,500

GROSS PROFIT		120,000	180,500

Administrative expenses		(14,718 )	(21,384 )
Other operating income		7,038	7,038

OPERATING PROFIT		112,320	166,154
Other interest receivable and similar income		489	-
Interest payable and similar charges		(84,731 )	(90,472 )

PROFIT BEFORE TAXATION		28,078	75,682
Tax on Profit		(5,692 )	(15,148 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		22,386	60,534
OTHER COMPREHENSIVE INCOME:
Gain/(loss) of revaluation of land and property		-	814,045
Tax expense on components of other comprehensive income		(763 )	(206,961 )

TOTAL COMPREHENSIVE INCOME FOR THE YEAR		21,623	667,618

The above results are from continuing activities.

The notes on pages 9 to 12 form part of these financial statements.

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Greensafe Property Limited

Statement of Financial Position

As At 31 August 2025

Statement of Financial Position

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		4,278,935		4,288,580

			4,278,935		4,288,580
CURRENT ASSETS
Debtors	6	22,330		-
Cash at bank and in hand		9,746		33,318

		32,076		33,318
Creditors: Amounts Falling Due Within One Year	7	(601,473 )		(599,199 )

NET CURRENT ASSETS (LIABILITIES)			(569,397 )		(565,881 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,709,538		3,722,699

Creditors: Amounts Falling Due After More Than One Year	8		(1,410,900 )		(1,446,448 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(496,497 )		(495,733 )

NET ASSETS			1,802,141		1,780,518

CAPITAL AND RESERVES
Revaluation reserve			1,624,603		1,625,366
Income Statement			177,538		155,152

SHAREHOLDERS' FUNDS			1,802,141		1,780,518

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr J A Sansom

Director

28 May 2026

The notes on pages 9 to 12 form part of these financial statements.

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Greensafe Property Limited

Statement of Changes in Equity

For The Year Ended 31 August 2025

Statement of Changes in Equity

	Share Capital	Revaluation reserve	Income Statement	Total
	£	£	£	£
As at 1 September 2023	-	1,018,282	94,618	1,112,900
Profit for year	-	-	60,534	60,534

Surplus on revaluation	-	814,045	-	814,045
Deficit on revaluation	-	(206,961)	-	(206,961)

Other comprehensive income for the year	-	607,084	-	607,084

Total comprehensive income for the year	-	607,084	60,534	667,618

As at 31 August 2024 and 1 September 2024	-	1,625,366	155,152	1,780,518


Profit for year	-	-	22,386	22,386

Deficit on revaluation	-	(763)	-	(763)

Other comprehensive income for the year	-	(763 )	-	(763 )

Total comprehensive income for the year	-	(763)	22,386	21,623

As at 31 August 2025	-	1,624,603	177,538	1,802,141

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Greensafe Property Limited

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

Greensafe Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09921316 . The registered office is Aventine House, Edwin Avenue, Kidderminster, Worcestershire, DY11 7RA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The 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 directors have considered the working capital requirements for a period of 12 months from the date of this report and have concluded that there are no material uncertainties that may cast significant doubt on the Company’s ability to continue as a going concern.

2.3. Significant judgements and estimations

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

Valuation of the company's freehold property

In respect of the above, the company's freehold property was professionally valued by an independent expert using the comparable method. This method examines the prices of similar premises sold within the location.

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

2.5. Tangible Fixed Assets and Depreciation

Freehold property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. It is then revalued to its fair value at each reporting date.

Fixtures and fittings are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Freehold	held at valuation
Fixtures & Fittings	25% reducing balance

2.6. Taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet 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 balance sheet 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 balance sheet date.deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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Greensafe Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.7. Government Grant

Grants received towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.

2.8. Debtors and creditors receivable / payable within one year

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 Statements of Comprehensive Income.

3. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	2,600	2,500


Other Services
Audit-related assurance services	1,325	1,250
Taxation compliance service	250	250

	1,575	1,500

4. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

5. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Total
	£	£	£
Cost or Valuation
As at 1 September 2024	4,250,000	204,414	4,454,414

As at 31 August 2025	4,250,000	204,414	4,454,414

Depreciation
As at 1 September 2024	-	165,834	165,834
Provided during the period	-	9,645	9,645

As at 31 August 2025	-	175,479	175,479

Net Book Value
As at 31 August 2025	4,250,000	28,935	4,278,935

As at 1 September 2024	4,250,000	38,580	4,288,580

The freehold property was revalued as at 31 August 2025 by John Truslove Chartered surveyors and valuers.

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Greensafe Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	1,330	-
Amounts owed by group undertakings	21,000	-

	22,330	-

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	30,339	30,339
Corporation tax	5,692	15,148
Other creditors	47,337	54,757
Accruals and deferred income	11,738	12,588
Amounts owed to group undertakings	506,367	486,367

	601,473	599,199

The amounts owed to group undertakings are unsecured, interest free and repayable on demand.

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,067,585	1,098,515
Accruals and deferred income	119,656	126,694
Directors loan account	223,659	221,239

	1,410,900	1,446,448

9. Secured Creditors

Legal charges dated 27 January 2016 and 1 December 2017 in favour of NatWest Bank PLC over the facilities in place, containing fixed and floating charges over all property and undertakings of the company, present and future. Greensafe IT Limited, a fellow subsidiary of Greensafe Holdings Limited has provided a £1,200,000 guarantee in respect of the company bank loan.

	2025		2024
	£		£
Bank loans and overdrafts	1,097,924		1,128,854

10. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	30,339	30,339

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	1,067,585	1,098,515

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Greensafe Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

11. Share Capital

	2025		2024
	£		£

The called up and fully paid share capital comprises 1 ordinary share of £0.01.

12. Post Balance Sheet Events

There are no events that have occurred since the reporting date that need to be disclosed or adjusted for in these financial statements.

13. Related Party Disclosures

The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.

Within other creditors is an amount of £223,659 (2024: £221,239) due to the director J A Sansom.

14. Controlling Parties

The company's ultimate controlling party is Greensafe Holdings Limited by virtue of its interest in the share capital of the company.

15. Guarantees

The company has provided a £3,555,000 guarantee to NatWest in respect of bank loans held by Greensafe Property (Droitwich) Limited, a fellow subsidiary of Greensafe Holdings Limited.

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Director	Mr J A Sansom

Company Number	09921316

Registered Office	Aventine House
	Edwin Avenue
	Kidderminster
	Worcestershire
	DY11 7RA

Business	Aventine House
	Edwin Avenue
	Kidderminster
	Worcestershire
	DY11 7RA

Auditors	Harrison Partners Limited
	Masonic Building
	9 Mill Street
	Sutton Coldfield
	B72 1TJ