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REGISTERED NUMBER: 12778562 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Keenan Property Solutions Ltd

Keenan Property Solutions Ltd (Registered number: 12778562)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Keenan Property Solutions Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr C Keenan





REGISTERED OFFICE: 23 Beachgrove Road
Bristol
BS16 4AU





REGISTERED NUMBER: 12778562 (England and Wales)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Keenan Property Solutions Ltd (Registered number: 12778562)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 419 -
Investment property 5 376,278 177,488
376,697 177,488

CURRENT ASSETS
Debtors 6 2,043 963
Cash at bank 7,857 62,189
9,900 63,152
CREDITORS
Amounts falling due within one year 7 76,803 79,278
NET CURRENT LIABILITIES (66,903 ) (16,126 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,794

161,362

CREDITORS
Amounts falling due after more than one
year

8

274,728

130,075
NET ASSETS 35,066 31,287

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 34,966 31,187
35,066 31,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Keenan Property Solutions Ltd (Registered number: 12778562)

Balance Sheet - continued
30 June 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 November 2023 and were signed by:





Mr C Keenan - Director


Keenan Property Solutions Ltd (Registered number: 12778562)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Keenan Property Solutions Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Keenan Property Solutions Ltd (Registered number: 12778562)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 264 310 574
At 30 June 2023 264 310 574
DEPRECIATION
Charge for year 53 102 155
At 30 June 2023 53 102 155
NET BOOK VALUE
At 30 June 2023 211 208 419

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 177,488
Additions 198,790
At 30 June 2023 376,278
NET BOOK VALUE
At 30 June 2023 376,278
At 30 June 2022 177,488

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 2,043 963

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 3,135 5,395
Other creditors 73,668 73,883
76,803 79,278

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 274,728 130,075

Keenan Property Solutions Ltd (Registered number: 12778562)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.23 30.6.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 274,728 130,075

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 274,728 130,075

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
Mr C Keenan
Balance outstanding at start of year (72,983 ) (44,120 )
Amounts advanced 15,300 9,445
Amounts repaid (14,545 ) (38,308 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (72,228 ) (72,983 )

11. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr C Keenan.