Company Registration No. 07507260 (England and Wales)
KEYSTONE PORTFOLIO LIMITED
Unaudited accounts
for the year ended 31 January 2023
KEYSTONE PORTFOLIO LIMITED
Unaudited accounts
Contents
KEYSTONE PORTFOLIO LIMITED
Company Information
for the year ended 31 January 2023
Director
David Maynard Worrow
Company Number
07507260 (England and Wales)
Registered Office
Canonsleigh House
Burlescombe
Nr Tiverton
Devon
EX16 7JF
KEYSTONE PORTFOLIO LIMITED
Statement of financial position
as at 31 January 2023
Tangible assets
4,657
4,256
Cash at bank and in hand
8,853
302
Creditors: amounts falling due within one year
(123)
(25,080)
Net current assets
20,060
66,791
Total assets less current liabilities
24,717
71,047
Creditors: amounts falling due after more than one year
(377,003)
(314,042)
Net liabilities
(352,286)
(242,995)
Called up share capital
1
1
Profit and loss account
(352,287)
(242,996)
Shareholders' funds
(352,286)
(242,995)
For the year ending 31 January 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 October 2023 and were signed on its behalf by
David Maynard Worrow
Director
Company Registration No. 07507260
KEYSTONE PORTFOLIO LIMITED
Notes to the Accounts
for the year ended 31 January 2023
KEYSTONE PORTFOLIO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07507260. The registered office is Canonsleigh House, Burlescombe, Nr Tiverton, Devon, EX16 7JF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2022
6,910
20,711
1,728
4,869
34,218
Additions
-
-
-
1,291
1,291
At 31 January 2023
6,910
20,711
1,728
6,160
35,509
At 1 February 2022
4,308
20,711
1,017
3,926
29,962
Charge for the year
260
-
71
559
890
At 31 January 2023
4,568
20,711
1,088
4,485
30,852
At 31 January 2023
2,342
-
640
1,675
4,657
At 31 January 2022
2,602
-
711
943
4,256
KEYSTONE PORTFOLIO LIMITED
Notes to the Accounts
for the year ended 31 January 2023
Amounts falling due within one year
Trade debtors
11,046
2,431
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
123
123
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
377,003
314,042
Monies owed to David Maynard Worrow
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).