SAFL10 LTD - Accounts

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Registered Number: 13933811

England and Wales

SAFL10 LTD

Unaudited Financial Statements

Period of accounts

Start date: 22 February 2022

End date: 31 March 2023

SAFL10 LTD
Contents Page
For the period ended 31 March 2023

Company information	1
Accountants' report	2
Statement of financial position	3
Notes to the financial statements	4

SAFL10 LTD
Company Information
For the period ended 31 March 2023

Directors	Kevin Francis De Souza Jesus Yohany Munoz Orozco Liam Joseph Brendan Ryan
Registered Number	13933811
Registered Office	Unit 216 2 Cromar Way, Chelmsford CM1 2QE
Accountants	aa Chartered Accountants Fenlake House Fenlake Business Centre Peterborough PE1 5BQ

SAFL10 LTD Accountants' Report For the period ended 31 March 2023
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 2023 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 2023 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 18 October 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 2023 .................................................... aa Chartered Accountants Fenlake House Fenlake Business Centre Peterborough PE1 5BQ 18 October 2023 2

SAFL10 LTD
Accountants' Report
For the period ended 31 March 2023

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 2023

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 2023 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 18 October 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 2023

....................................................
aa Chartered Accountants
Fenlake House
Fenlake Business Centre
Peterborough
PE1 5BQ
18 October 2023

SAFL10 LTD
Statement of Financial Position
As at 31 March 2023

	Notes	2023 £
Fixed assets
Tangible fixed assets	3	350,613
		350,613
Current assets
Debtors	4	1,475
Cash at bank and in hand		1,552
		3,027
Creditors: amount falling due within one year	5	(2,495)
Net current assets		532

Total assets less current liabilities		351,145
Creditors: amount falling due after more than one year	6	(357,606)
Net liabilities		(6,461)

Capital and reserves
Called up share capital	7	1
Profit and loss account		(6,462)
Shareholder's funds		(6,461)

For the period ended 31 March 2023 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 period 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 and in accordance with the provisions of Part 15 of the Companies Act 2006. 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 18 October 2023 and were signed on its behalf by:

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

SAFL10 LTD
Notes to the Financial Statements
For the period ended 31 March 2023

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.

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% Reducing Balance

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.

2.	Average number of employees Average number of employees during the period was 3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Investment properties	Total
	£	£	£
At 22 February 2022	-	-	-
Additions	818	350,000	350,818
Disposals	-	-	-
At 31 March 2023	818	350,000	350,818
Depreciation
At 22 February 2022	-	-	-
Charge for period	205	-	205
On disposals	-	-	-
At 31 March 2023	205	-	205
Net book values
Closing balance as at 31 March 2023	613	350,000	350,613
Opening balance as at 22 February 2022	-	-	-

Debtors: amounts falling due within one year

	2023 £
Other Debtors	1,475
	1,475

Creditors: amount falling due within one year

	2023 £
Accrued Expenses	1,020
Other Creditors	1,475
	2,495

Creditors: amount falling due after more than one year

	2023 £
Bank Loans & Overdrafts (Kent Mortgage)	245,955
Amounts Owed to Participating Interests	111,651
	357,606

Share Capital

Allotted, called up and fully paid	2023 £
1 Class A share of £1.00 each	1
	1

8.	Secured Loans All mortgages are secured against the property in which they relate

Amounts owed by Participating Interest

During the year ending 31 March 2023, 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 at 31 March 2023 is £111,651 owed by the company.