Abbreviated Company Accounts - NETSAFE LIMITED

01222777 NETSAFE LIMITED 2016-09-30 false 2015-10-01 2016-09-30 true 01222777 2015-10-01 2016-09-30 01222777 2016-09-30 01222777 2015-09-30 01222777 uk-gaap-cd-bus:Director1 2015-10-01 2016-09-30 01222777 uk-gaap-cd-bus:Director2 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 iso4217:GBP shares

Registered Number 01222777

NETSAFE LIMITED

Abbreviated Accounts

30 September 2016

NETSAFE LIMITED Registered Number 01222777

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1	1
Investments	3	1	1
		2	2
Current assets
Debtors		114,863	67,253
		114,863	67,253
Creditors: amounts falling due within one year		(20,563)	(11,835)
Net current assets (liabilities)		94,300	55,418
Total assets less current liabilities		94,302	55,420
Total net assets (liabilities)		94,302	55,420
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		94,300	55,418
Shareholders' funds		94,302	55,420

For the year ending 30 September 2016 the company was entitled to exemption 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 10 May 2017

And signed on their behalf by:
M D Mosselson, Director

NETSAFE LIMITED Registered Number 01222777

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents ground rent receivable

Tangible assets depreciation policy
Tangible fixed assets include investment properties professionally valued by the directors on an existing use open market basis.
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Other accounting policies
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by 399 of the Companies Act 2006 not to prepare group accounts.

2Tangible fixed assets

	£
Cost
At 1 October 2015	1
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2016	1
Depreciation
At 1 October 2015	-
Charge for the year	-
On disposals	-
At 30 September 2016	-
Net book values
At 30 September 2016	1
At 30 September 2015	1

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for diminution in value

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2