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Company Registration No. 09112752 (England and Wales)
Keats Consulting Ltd Unaudited accounts for the year ended 31 July 2023
Keats Consulting Ltd Unaudited accounts Contents
Page
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Keats Consulting Ltd Company Information for the year ended 31 July 2023
Director
Bridget Cremin
Company Number
09112752 (England and Wales)
Registered Office
10 KEATS CLOSE WHITELEY FAREHAM HAMPSHIRE PO15 7LP
Accountants
CASA Accountancy & Bookkeeping Ltd 17 Lipizzaner Fields Whiteley Fareham Hampshire PO15 7BH
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Keats Consulting Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,194 
16,294 
Investment property
216,648 
216,648 
229,842 
232,942 
Current assets
Debtors
- 
1,472 
Cash at bank and in hand
32,171 
82,225 
32,171 
83,697 
Creditors: amounts falling due within one year
(8,408)
(7,509)
Net current assets
23,763 
76,188 
Total assets less current liabilities
253,605 
309,130 
Creditors: amounts falling due after more than one year
(89,217)
(143,131)
Provisions for liabilities
Deferred tax
(2,816)
(3,754)
Net assets
161,572 
162,245 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
161,472 
162,145 
Shareholders' funds
161,572 
162,245 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 April 2024 and were signed on its behalf by
Bridget Cremin Director Company Registration No. 09112752
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Keats Consulting Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Keats Consulting Ltd is a private company, limited by shares, registered in England and Wales, registration number 09112752. The registered office is 10 KEATS CLOSE, WHITELEY, FAREHAM, HAMPSHIRE, PO15 7LP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10.00% on cost
Computer equipment
33.33% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
Investment property
No depreciation is provided on the freehold property which is stated at cost plus the cost of improvements to date.
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Keats Consulting Ltd Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
26,087 
3,555 
29,642 
At 31 July 2023
26,087 
3,555 
29,642 
Depreciation
At 1 August 2022
10,284 
3,064 
13,348 
Charge for the year
2,609 
491 
3,100 
At 31 July 2023
12,893 
3,555 
16,448 
Net book value
At 31 July 2023
13,194 
- 
13,194 
At 31 July 2022
15,803 
491 
16,294 
5
Investment property
2023 
£ 
Fair value at 1 August 2022
216,648 
At 31 July 2023
216,648 
The freehold investment property is stated at cost plus property improvements to date.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
1,472 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
6,086 
Taxes and social security
1,993 
63 
Loans from directors
6,415 
1,360 
8,408 
7,509 
Loan of £56,101.13 paid to the director was repaid on the 04/11/21.
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
89,217 
143,131 
The interest-only bank loan totaling £149,205 as at 31 July 2021 is secured by a first fixed and floating charge over the assets of the company and by the personal guarantee of the director Ms B Cremin.
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Keats Consulting Ltd Notes to the Accounts for the year ended 31 July 2023
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary Shares of £1 each
100 
100 
10
Controlling party
Ms B Cremin holds 100% of the issued share capital and is deemed the ultimate controlling party.
11
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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