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REGISTERED NUMBER: 08472742 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

KEYSTONES PROPERTY LTD

KEYSTONES PROPERTY LTD (REGISTERED NUMBER: 08472742)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KEYSTONES PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: S R Jay





REGISTERED OFFICE: Import Building , Ground Floor
2 Clove Crescent
London
E14 2BE





REGISTERED NUMBER: 08472742 (England and Wales)





ACCOUNTANTS: Hadleys & Co.
Ground Floor
Import Building
2 Clove Crescent
London
E14 2BE

KEYSTONES PROPERTY LTD (REGISTERED NUMBER: 08472742)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 108,394 94,809

CURRENT ASSETS
Debtors 5 40,879 37,632
Cash at bank 237,914 317,631
278,793 355,263
CREDITORS
Amounts falling due within one year 6 (98,846 ) (110,711 )
NET CURRENT ASSETS 179,947 244,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,341

339,361

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 7 288,339 339,359
288,341 339,361

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

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

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 19 January 2024 and were signed by:



S R Jay - Director


KEYSTONES PROPERTY LTD (REGISTERED NUMBER: 08472742)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Keystones Property 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

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.

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 8 (2022 - 8 ) .

KEYSTONES PROPERTY LTD (REGISTERED NUMBER: 08472742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 67,500 41,538 109,038
Additions - 22,776 22,776
At 30 April 2023 67,500 64,314 131,814
DEPRECIATION
At 1 May 2022 1,350 12,879 14,229
Charge for year 1,350 7,841 9,191
At 30 April 2023 2,700 20,720 23,420
NET BOOK VALUE
At 30 April 2023 64,800 43,594 108,394
At 30 April 2022 66,150 28,659 94,809

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 39,862 35,432
Other debtors 1,017 2,200
40,879 37,632

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 48,670 56,102
Taxation and social security 33,045 33,333
Other creditors 17,131 21,276
98,846 110,711

7. RESERVES
Retained
earnings
£   

At 1 May 2022 339,359
Profit for the year 12,980
Dividends (64,000 )
At 30 April 2023 288,339

KEYSTONES PROPERTY LTD (REGISTERED NUMBER: 08472742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £32,000 were paid to the director .

The Director Mr S Jay is considered to be the key management personnel.

Mr S Jay was paid a salary of £11,000 (2022 - £11,000) during the year.