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REGISTERED NUMBER: 09267819 (England and Wales)











Keystone Property & Mortgage Centre Ltd

Unaudited Financial Statements

for the Year Ended 31st October 2023






Keystone Property & Mortgage Centre Ltd (Registered number: 09267819)






Contents of the Financial Statements
for the Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Keystone Property & Mortgage Centre Ltd

Company Information
for the Year Ended 31st October 2023







DIRECTORS: P K Roberts
Mrs G E Roberts
B P Roberts





REGISTERED OFFICE: 117 High Street
Connahs Quay
Flintshire
CH5 4DF





REGISTERED NUMBER: 09267819 (England and Wales)





ACCOUNTANTS: Henry R. Davis & Co. Limited
Chartered Accountants
33 Chester Road West
Queensferry
Deeside
Flintshire
CH5 1SA

Keystone Property & Mortgage Centre Ltd (Registered number: 09267819)

Balance Sheet
31st October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,773 3,982
2,773 3,982

CURRENT ASSETS
Debtors 6 103,917 113,683
Cash at bank and in hand 161,999 190,417
265,916 304,100
CREDITORS
Amounts falling due within one year 7 50,220 66,399
NET CURRENT ASSETS 215,696 237,701
TOTAL ASSETS LESS CURRENT LIABILITIES 218,469 241,683

PROVISIONS FOR LIABILITIES 615 756
NET ASSETS 217,854 240,927

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 217,754 240,827
217,854 240,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Keystone Property & Mortgage Centre Ltd (Registered number: 09267819)

Balance Sheet - continued
31st October 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 Board of Directors and authorised for issue on 19th March 2024 and were signed on its behalf by:





B P Roberts - Director


Keystone Property & Mortgage Centre Ltd (Registered number: 09267819)

Notes to the Financial Statements
for the Year Ended 31st October 2023

1. STATUTORY INFORMATION

Keystone Property & Mortgage Centre 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

Keystone Property & Mortgage Centre Ltd (Registered number: 09267819)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2022
and 31st October 2023 20,000
AMORTISATION
At 1st November 2022
and 31st October 2023 20,000
NET BOOK VALUE
At 31st October 2023 -
At 31st October 2022 -

Keystone Property & Mortgage Centre Ltd (Registered number: 09267819)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022 15,498
Additions 1,190
At 31st October 2023 16,688
DEPRECIATION
At 1st November 2022 11,516
Charge for year 2,399
At 31st October 2023 13,915
NET BOOK VALUE
At 31st October 2023 2,773
At 31st October 2022 3,982

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 8,042 23,749
Other debtors 95,875 89,934
103,917 113,683

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 11,888 11,307
Taxation and social security 36,367 53,497
Other creditors 1,965 1,595
50,220 66,399