KEEN AND KEEN LIMITED | |||||||||||
UNAUDITED FINANCIAL STATEMENTS | |||||||||||
FOR THE PERIOD ENDED | |||||||||||
31 MAY 2023 | |||||||||||
Company Registration Number: 14098066 | |||||||||||
KEEN AND KEEN LIMITED | |||||||||||
UNAUDITED FINANCIAL STATEMENTS | |||||||||||
FOR THE PERIOD ENDED 31 MAY 2023 | |||||||||||
CONTENTS | PAGES | ||||||||||
Company information | 1 | ||||||||||
Balance sheet | 2 | ||||||||||
Notes to the financial statements | 3 to 5 | ||||||||||
KEEN AND KEEN LIMITED | |||||||||||
COMPANY INFORMATION | |||||||||||
FOR THE PERIOD ENDED 31 MAY 2023 | |||||||||||
DIRECTORS | |||||||||||
appointed |
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appointed |
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SECRETARY | |||||||||||
The company does not have an appointed secretary | |||||||||||
REGISTERED OFFICE | |||||||||||
COMPANY REGISTRATION NUMBER | |||||||||||
14098066 England and Wales | |||||||||||
KEEN AND KEEN LIMITED | |||||||||||
BALANCE SHEET | |||||||||||
AS AT 31 MAY 2023 | |||||||||||
Notes | 2023 | ||||||||||
£ | |||||||||||
FIXED ASSETS | |||||||||||
Investments | 5 | ||||||||||
CURRENT ASSETS | |||||||||||
Debtors | 6 | ||||||||||
CREDITORS: Amounts falling due within one year | 7 | ||||||||||
NET CURRENT LIABILITIES | ( |
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NET (LIABILITIES) | ( |
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CAPITAL AND RESERVES | |||||||||||
Called up share capital | |||||||||||
Distributable profit and loss account | ( |
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SHAREHOLDERS' DEFICIT | ( |
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As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account, Statement of Changes in Equity or Directors' Report. | |||||||||||
Signed on behalf of the board of directors | |||||||||||
C H Keen | G C Keen | ||||||||||
Director | Director | ||||||||||
Date approved by the board: |
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KEEN AND KEEN LIMITED | |||||||||||
NOTES TO THE FINANCIAL STATEMENTS | |||||||||||
FOR THE PERIOD ENDED 31 MAY 2023 | |||||||||||
1 | GENERAL INFORMATION | ||||||||||
Keen and Keen Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is: | |||||||||||
C9 Glyme Court | |||||||||||
Oxford Office Village | |||||||||||
Langford Lane | |||||||||||
Kidlington | |||||||||||
Oxford | |||||||||||
OX5 1LQ | |||||||||||
The company incorporated on |
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2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||||||||||
Basis of preparation of financial statements | |||||||||||
Going concern | |||||||||||
The accounts have been drawn up on the going concern basis. The company has net liabilities of £1,198 including accruals and deferred income of £1,200 and an amount owed to its subsidiary company totalling £90. These amounts could be required for repayment without notice, therefore the company is dependent upon the continued support of its subsidiary company and the directors. The directors do not consider their own support or the support of the subsidiary company likely to be withdrawn. | |||||||||||
If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets. |
Investments | |||||||||||
Investments in subsidiaries are shown at cost less accumulated impairment losses. | |||||||||||
KEEN AND KEEN LIMITED | |||||||||||
NOTES TO THE FINANCIAL STATEMENTS | |||||||||||
FOR THE PERIOD ENDED 31 MAY 2023 | |||||||||||
2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…) | ||||||||||
Financial Instruments | |||||||||||
The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date. |
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. | |||||||||||
Debtors | |||||||||||
Short term debtors are measured at transaction price, less any impairment. | |||||||||||
Creditors | |||||||||||
Taxation | |||||||||||
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits. | |||||||||||
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. | |||||||||||
KEEN AND KEEN LIMITED | |||||||||||
NOTES TO THE FINANCIAL STATEMENTS | |||||||||||
FOR THE PERIOD ENDED 31 MAY 2023 | |||||||||||
2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…) | ||||||||||
Consolidation | |||||||||||
3 | CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS | ||||||||||
No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements. | |||||||||||
4 | EMPLOYEES | ||||||||||
The average number of persons employed by the company (including directors) during the period was: | |||||||||||
2023 | |||||||||||
Average number of employees | |||||||||||
5 | FIXED ASSET INVESTMENTS | ||||||||||
Investment in subsidiary | |||||||||||
£ | |||||||||||
Cost | |||||||||||
Additions | |||||||||||
At 31 May 2023 | |||||||||||
Net book value | |||||||||||
At 31 May 2023 | |||||||||||
6 | DEBTORS | ||||||||||
2023 | |||||||||||
£ | |||||||||||
Other debtors | |||||||||||
7 | CREDITORS: Amounts falling due within one year | ||||||||||
2023 | |||||||||||
£ | |||||||||||
Accruals and deferred income | |||||||||||
Other creditors | |||||||||||
1,290 | |||||||||||