ACCOUNTS - Final Accounts

Registered number: 14418761

SAFEGATE DEVELOPMENTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

SAFEGATE DEVELOPMENTS LIMITED

REGISTERED NUMBER: 14418761

BALANCE SHEET

AS AT 31 OCTOBER 2025

		2025		2024
Note		£		£

Current assets
Stocks		624,793		624,793
Debtors: amounts falling due within one year	3	1,709		784
Cash at bank and in hand	4	1,461		6,842
		627,963		632,419
Creditors: amounts falling due within one year	5	(651,534)		(649,366)
Net current liabilities			(23,571)		(16,947)
Net liabilities			(23,571)		(16,947)

Capital and reserves
Called up share capital	6	2	2
Profit and loss account		(23,573)	(16,949)
		(23,571)	(16,947)

For the year ended 31 October 2025 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 July 2026.

S Brown

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

SAFEGATE DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1.	General information

Safegate Developments Limited ("the Company") is a Company limited by shares, incorporated in England and Wales on 14 October 2022. Its registered office is Leytonstone House, 3 Hanbury Drive, London, E11 1GA.

The principal activity of the Company is that of property developers.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

2.2

Going concern

As part of the going concern review, the director has followed the guidelines published by the Financial Reporting Council entitled "Guidance on the Going Concern Basis of Accounting and Reporting on Solvency and Liquidity Risks 2016". The director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. On this basis the director considers that the going concern basis of accounting remains appropriate.

2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of comprehensive income.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.5

Creditors

Short-term creditors are measured at the transaction price.

Page 2

SAFEGATE DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Debtors

					2025	2024
					£	£


Other debtors	1,709	784

4.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	1,461	6,842

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	4,176	4,008
Other creditors	643,158	641,158
Accruals and deferred income	4,200	4,200
	651,534	649,366

6.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 - 1) Ordinary A share of £1	1	1
1 (2024 - 1) Ordinary B share of £1	1	1

	2	2

All shares rank pari-passu in all respects.

7.	Transactions with directors

At the end of the year, the Company owed the director £8,158 (2024 - £6,158).

Page 3

SAFEGATE DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

8.	Related party transactions
	At the end of the year, the Company owed connected entities £535,000 (2024 - £535,000).

Page 4