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Company Registration No. 15735409 (England and Wales)
Safz Estates Newport Ltd Unaudited accounts for the year ended 31 May 2026
Safz Estates Newport Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Safz Estates Newport Ltd Company Information for the year ended 31 May 2026
Directors
Safraz Ali Farhat Ali
Company Number
15735409 (England and Wales)
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Safz Estates Newport Ltd Statement of financial position as at 31 May 2026
2026
2025
Notes
£
£
Called up share capital not paid
-
1
Fixed assets
Investment property
145,000
-
Current assets
Cash at bank and in hand
2,076
-
Creditors: amounts falling due within one year
(1,080)
-
Net current assets
996
-
Total assets less current liabilities
145,996
1
Creditors: amounts falling due after more than one year
(146,086)
-
Net (liabilities)/assets
(90)
1
Capital and reserves
Called up share capital
4
1
1
Profit and loss account
(91)
-
Shareholders' funds
(90)
1
For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2026 and were signed on its behalf by
Safraz Ali Director Company Registration No. 15735409
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Safz Estates Newport Ltd Notes to the Accounts for the year ended 31 May 2026
1
Statutory information
Safz Estates Newport Ltd is a private company, limited by shares, registered in England and Wales, registration number 15735409.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
5
Average number of employees
During the year the average number of employees was 0 (2025: 0).
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