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REGISTERED NUMBER: 00832977 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 September 2023

for

M. A. Keen Limited

M. A. Keen Limited (Registered number: 00832977)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M. A. Keen Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: I M Keen





SECRETARY: I M Keen





REGISTERED OFFICE: 49 Woodbury Drive
Sutton
Surrey
SM2 5RA





REGISTERED NUMBER: 00832977 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

M. A. Keen Limited (Registered number: 00832977)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 590,000 500,000

CURRENT ASSETS
Debtors 5 25,703 13,326
Cash at bank 62,270 64,071
87,973 77,397
CREDITORS
Amounts falling due within one year 6 12,176 20,758
NET CURRENT ASSETS 75,797 56,639
TOTAL ASSETS LESS CURRENT
LIABILITIES

665,797

556,639

PROVISIONS FOR LIABILITIES 7 27,669 3,928
NET ASSETS 638,128 552,711

CAPITAL AND RESERVES
Called up share capital 8 2,200 2,200
Share premium 650 650
Fair value reserve 9 210,146 143,887
Retained earnings 425,132 405,974
SHAREHOLDERS' FUNDS 638,128 552,711

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

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

M. A. Keen Limited (Registered number: 00832977)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 January 2024 and were signed by:





I M Keen - Director


M. A. Keen Limited (Registered number: 00832977)

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


1. STATUTORY INFORMATION

M. A. Keen 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.

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.

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

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.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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.

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.

M. A. Keen Limited (Registered number: 00832977)

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


2. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 500,000
Revaluations 90,000
At 30 September 2023 590,000
NET BOOK VALUE
At 30 September 2023 590,000
At 30 September 2022 500,000


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 25,703 13,326

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Taxation and social security 10,496 19,168
Other creditors 1,680 1,590
12,176 20,758

7. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 27,669 3,928

M. A. Keen Limited (Registered number: 00832977)

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


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2022 3,928
Property revaluation 23,741
Balance at 30 September 2023 27,669

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
2,200 Ordinary £1 2,200 2,200

9. RESERVES
Fair
value
reserve
£   
At 1 October 2022 143,887
Revaluation of investment 66,259

At 30 September 2023 210,146