SAFL10 Ltd - Accounts

SAFL10 Ltd Accountants' Report For the year ended 31 March 2026
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SAFL10 Ltd for the year ended 31 March 2026 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SAFL10 Ltd for the year ended 31 March 2026 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance This report is made solely to the Board of Directors of SAFL10 Ltd, as a body, in accordance with the terms of our engagement letter dated 14 August 2023. Our work has been undertaken solely to prepare for your approval the accounts of SAFL10 Ltd and state those matters that we have agreed to state to the Board of Directors of SAFL10 Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SAFL10 Ltd and its Board of Directors as a body for our work or for this report. It is your duty to ensure that SAFL10 Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SAFL10 Ltd. You consider that SAFL10 Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of SAFL10 Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the period ended 31 March 2026 .................................................... aa Chartered Accountants 6 Blenheim Court Peppercorn Close Peterborough PE1 2DU 13 October 2026 2

SAFL10 Ltd
Accountants' Report
For the year ended 31 March 2026

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SAFL10 Ltd for the year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SAFL10 Ltd for the year ended 31 March 2026 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

This report is made solely to the Board of Directors of SAFL10 Ltd, as a body, in accordance with the terms of our engagement letter dated 14 August 2023. Our work has been undertaken solely to prepare for your approval the accounts of SAFL10 Ltd and state those matters that we have agreed to state to the Board of Directors of SAFL10 Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SAFL10 Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that SAFL10 Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SAFL10 Ltd. You consider that SAFL10 Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SAFL10 Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the period ended
31 March 2026

....................................................
aa Chartered Accountants
6 Blenheim Court
Peppercorn Close
Peterborough
PE1 2DU
13 October 2026

SAFL10 Ltd
Statement of Financial Position
As at 31 March 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	350,000	350,204
		350,000	350,204
Current assets
Debtors	4	1,817	2,956
Cash at bank and in hand		396	1,207
		2,213	4,163
Creditors: amount falling due within one year	5	(1,817)	(2,135)
Net current assets		396	2,028

Total assets less current liabilities		350,396	352,232
Creditors: amount falling due after more than one year	6	(369,055)	(361,085)
Net assets		(18,659)	(8,853)

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		(18,660)	(8,854)
Shareholders' funds		(18,659)	(8,853)

For the year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts 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 accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 13 October 2026 and were signed on its behalf by:

-------------------------------
Liam Joseph Brendan Ryan
Director

SAFL10 Ltd
Notes to the Financial Statements
For the year ended 31 March 2026

General Information

SAFL10 Ltd is a private company, limited by shares, registered in England and Wales, registration number 13933811, registration address Unit 216, 2 Cromar Way, , Chelmsford, CM1 2QE.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

25% Straight Line

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

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.

2.	Average number of employees Average number of employees during the year was 3 (2025 : 3).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Investment properties	Total
	£	£	£
At 01 April 2025	818	350,000	350,818
Additions	-	-	-
Disposals	-	-	-
At 31 March 2026	818	350,000	350,818
Depreciation
At 01 April 2025	614	-	614
Charge for year	204	-	204
On disposals	-	-	-
At 31 March 2026	818	-	818
Net book values
Closing balance as at 31 March 2026	-	350,000	350,000
Opening balance as at 01 April 2025	204	350,000	350,204

Debtors: amounts falling due within one year

	2026 £	2025 £
Prepayments & Accrued Income	0	662
Accrued Income	0	819
Other Debtors	1,817	1,475
	1,817	2,956

Creditors: amount falling due within one year

	2026 £	2025 £
Accrued Expenses	0	660
Other Creditors	1,817	1,475
	1,817	2,135

Creditors: amount falling due after more than one year

	2026 £	2025 £
Bank Loans & Overdrafts (Kent Mortgage)	250,804	250,804
Amounts Owed to Participating Interests	118,251	110,281
	369,055	361,085

Share Capital

Allotted, called up and fully paid	2026 £		2025 £
1 Class A share of £1.00 each	1		1
	1		1

Secured Loans

The company has mortgages secured on the investment properties held.

The following charges registered against the Company remain outstanding:

Charge code: 1393 3811 0001

A charge in favour of the Onesavings Bank PLC secured against the Flat 10, 165 High Street, Loughton, Essex IG10 4LF.

Amounts owed by Participating Interest

During the year ending 31 March 2026, the company entered into related party transactions with "SAFL property Ltd" (Parent company) registration number 10899741 registered office: Unit 216 C/O Assets For Life, Waterhouse Business Centre, 2 Cromar Way, Chelmsford, CM1 2QE .

The balance owed by the company as at 31 March 2026 is £118,251 (2025: £110,281).