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REGISTERED NUMBER: 02875823 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Keris Limited

Keris Limited (Registered number: 02875823)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Keris Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: Dr K J Saunders
Mrs R M Saunders





SECRETARY: Mrs R M Saunders





REGISTERED OFFICE: 13 Davenport Park Road
Davenport
Stockport
Cheshire
SK2 6JU





REGISTERED NUMBER: 02875823 (England and Wales)





ACCOUNTANTS: Robert Hayden & Co
195 Bramhall Lane
Stockport
Cheshire
SK2 6JA

Keris Limited (Registered number: 02875823)

Statement of Financial Position
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 376 580
Investment property 5 1,017,000 985,000
1,017,376 985,580

CURRENT ASSETS
Debtors 6 126 -
Prepayments and accrued income 297 277
Cash at bank 5,498 5,150
5,921 5,427
CREDITORS
Amounts falling due within one year 7 136,039 89,696
NET CURRENT LIABILITIES (130,118 ) (84,269 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

887,258

901,311

CREDITORS
Amounts falling due after more than
one year

8

-

(73,068

)

PROVISIONS FOR LIABILITIES 9 (88,005 ) (81,963 )
NET ASSETS 799,253 746,280

Keris Limited (Registered number: 02875823)

Statement of Financial Position - continued
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 120 120
Fair value reserve 10 498,346 472,426
Retained earnings 300,787 273,734
799,253 746,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2022 and were signed on its behalf by:





Dr K J Saunders - Director


Keris Limited (Registered number: 02875823)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Deferred tax is provided on revaluation gains at the rate expected to apply when the property is sold.

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.

Keris Limited (Registered number: 02875823)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 876
DEPRECIATION
At 1 January 2021 296
Charge for year 204
At 31 December 2021 500
NET BOOK VALUE
At 31 December 2021 376
At 31 December 2020 580

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021 985,000
Revaluations 32,000
At 31 December 2021 1,017,000
NET BOOK VALUE
At 31 December 2021 1,017,000
At 31 December 2020 985,000

Fair value at 31 December 2021 is represented by:
£   
Valuation in 2016 434,279
Valuation in 2020 120,000
Valuation in 2021 32,000
Cost 430,721
1,017,000

The investment properties were revalued on an open market basis by the directors as at 31 December 2021.

Keris Limited (Registered number: 02875823)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 126 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts - 13,574
Taxation and social security 7,392 732
Other creditors 128,647 75,390
136,039 89,696

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans - 73,068

9. PROVISIONS FOR LIABILITIES
31.12.21 31.12.20
£    £   
Deferred tax
Accelerated capital allowances 72 110
Deferred tax 87,933 81,853
88,005 81,963

Deferred
tax
£   
Balance at 1 January 2021 81,963
Provided during year 6,042
Balance at 31 December 2021 88,005

10. RESERVES
Fair
value
reserve
£   
At 1 January 2021 472,426
Reserve transfer 25,920

At 31 December 2021 498,346