SAFI PROPERTIES LTD


Director	AWAD, Ahmed Adel Ahmed


Registered Address	Albion House 163-167 King Street
	Dukinfield
	SK16 4LF


Registered Number	14553008 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,210,138		713,221
			1,210,138		713,221
Current assets
Debtors		7,660		-
Cash at bank and on hand		8,459		5,782
		16,119		5,782
Creditors amounts falling due within one year	4	(213,184)		(178,078)
Net current assets (liabilities)			(197,065)		(172,296)
Total assets less current liabilities			1,013,073		540,925
Creditors amounts falling due after one year	5		(683,196)		(542,274)
Net assets			329,877		(1,349)
Capital and reserves
Called up share capital			100		100
Revaluation reserve			328,862		-
Profit and loss account			915		(1,449)
Shareholders' funds			329,877		(1,349)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 16 September 2026, and are signed on its behalf by:

AWAD, Ahmed Adel Ahmed
Director
Registered Company No. 14553008

SAFI PROPERTIES LTD

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Office Equipment	3

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 January 25	713,000	249	713,249
Additions	168,139	-	168,139
Revaluations	328,861	-	328,861
At 31 December 25	1,210,000	249	1,210,249
Depreciation and impairment
At 01 January 25	-	28	28
Charge for year	-	83	83
At 31 December 25	-	111	111
Net book value
At 31 December 25	1,210,000	138	1,210,138
At 31 December 24	713,000	221	713,221

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	183	-
Other creditors	212,271	177,428
Accrued liabilities and deferred income	730	650
Total	213,184	178,078

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	683,196	542,274
Total	683,196	542,274