SAFEGUARD PROPERTY LIMITED - Abbreviated accounts 16.3

REGISTERED NUMBER: 09345752 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

SAFEGUARD PROPERTY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

W Curry

REGISTERED OFFICE:

Safeguard House, 3 Earls Court

5th Avenue Business Park

Team Valley Trading Estate

Gateshead

Tyne and Wear

NE11 0HF

REGISTERED NUMBER:

09345752 (England and Wales)

ACCOUNTANTS:

Little & Neal

37-38 Market Street

Ferryhill

Co. Durham

DL17 8JH

FIXED ASSETS

Tangible assets

2

223,931

220,042

Investments

3

300

-

224,231

220,042

CURRENT ASSETS

Debtors

1,945

51,379

Cash at bank

19,133

21,383

21,078

72,762

CREDITORS

Amounts falling due within one year

4

14,410

-

NET CURRENT ASSETS

6,668

72,762

TOTAL ASSETS LESS CURRENT
LIABILITIES

230,899

292,804

CREDITORS

Amounts falling due after more than one
year

4

280,648

327,095

NET LIABILITIES

(49,749

)

(34,291

)

CAPITAL AND RESERVES

Called up share capital

5

2

Profit and loss account

(49,751

)

(34,293

)

SHAREHOLDERS' FUNDS

(49,749

)

(34,291

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 24 January 2017 and were signed by:

W Curry - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

220,042

Additions

45,468

Reclassification/transfer

(30,119

)

At 30 April 2016

235,391

DEPRECIATION

Charge for year

11,460

At 30 April 2016

11,460

NET BOOK VALUE

At 30 April 2016

223,931

At 30 April 2015

220,042

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

300

At 30 April 2016

300

NET BOOK VALUE

At 30 April 2016

300

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Safeguard Financial Services Limited

Nature of business: Mortgage advisors

%

Class of shares:

holding

Ordinary

100.00

30.4.16

30.4.15

£

Aggregate capital and reserves

321,762

176,595

Profit for the year/period

244,167

145,846

Safeguard Commercial Finance Limited

Nature of business: Financial intermediary

%

Class of shares:

holding

Ordinary

100.00

30.4.16

30.4.15

£

Aggregate capital and reserves

9,002

6,347

Profit for the year/period

2,557

4,710

Safeguard Academy Limited

Nature of business: Financial intermediary

%

Class of shares:

holding

Ordinary

100.00

30.4.16

£

Aggregate capital and reserves

8,469

Profit for the year

8,369

4.

CREDITORS

Creditors include an amount of £ 175,305 (30.4.15 - £ 184,932 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.4.16

30.4.15

£

Repayable by instalments

153,305

-

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

100

Ordinary

£1

2

98 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.