Keystore (Property) Ltd Filleted Accounts Cover
Keystore (Property) Ltd
Company No. SC638484
Information for Filing with The Registrar
31 August 2023
Keystore (Property) Ltd Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 August 2023.
Principal activities
The principal activity of the company during the year under review was residential property rentals.
Director
The Director who served at any time during the year was as follows:
A. Bashir
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
A. Bashir
Director
14 September 2023
Keystore (Property) Ltd Balance Sheet Registrar
at
31 August 2023
Company No.
SC638484
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
750978
Investment property
5
285,000285,000
285,750285,978
Current assets
Cash at bank and in hand
25,34811,469
25,34811,469
Creditors: Amount falling due within one year
6
(2,400)
(2,400)
Net current assets
22,9489,069
Total assets less current liabilities
308,698295,047
Creditors: Amounts falling due after more than one year
7
(328,065)
(328,065)
Net liabilities
(19,367)
(33,018)
Capital and reserves
Called up share capital
11
Profit and loss account
9
(19,368)
(33,019)
Total equity
(19,367)
(33,018)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 August 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 14 September 2023
And signed on its behalf by:
A. Bashir
Director
14 September 2023
Keystore (Property) Ltd Notes to the Accounts Registrar
for the year ended 31 August 2023
1
General information
Its registered number is: SC638484
Its registered office is:
43-45 Moredun Park Road
Edinburgh
Scotland
EH17 7ES
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles
20% Straight line
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Tangible fixed assets
Motor vehicles
Total
£
£
Cost or revaluation
At 1 September 2022
1,1401,140
At 31 August 2023
1,1401,140
Depreciation
At 1 September 2022
162162
Charge for the year
228228
At 31 August 2023
390390
Net book values
At 31 August 2023
750750
At 31 August 2022
978
978
5
Investment property
Freehold Investment Property
£
Valuation
At 1 September 2022
285,000
At 31 August 2023
285,000
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
2,4002,400
2,4002,400
7
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
198,720198,720
Other loans
129,345129,345
328,065328,065
8
Share Capital
1 ordinary share at £1.00
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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