2022-11-012023-10-312023-10-31false06382275KEASIM LIMITED2024-07-2956302iso4217:GBPxbrli:pure063822752022-11-01063822752023-10-31063822752022-11-012023-10-31063822752021-11-01063822752022-10-31063822752021-11-012022-10-3106382275bus:SmallEntities2022-11-012023-10-3106382275bus:AuditExempt-NoAccountantsReport2022-11-012023-10-3106382275bus:FullAccounts2022-11-012023-10-3106382275bus:PrivateLimitedCompanyLtd2022-11-012023-10-3106382275core:WithinOneYear2023-10-3106382275core:AfterOneYear2023-10-3106382275core:WithinOneYear2022-10-3106382275core:AfterOneYear2022-10-3106382275core:ShareCapital2023-10-3106382275core:SharePremium2023-10-3106382275core:RevaluationReserve2023-10-3106382275core:OtherReservesSubtotal2023-10-3106382275core:RetainedEarningsAccumulatedLosses2023-10-3106382275core:ShareCapital2022-10-3106382275core:SharePremium2022-10-3106382275core:RevaluationReserve2022-10-3106382275core:OtherReservesSubtotal2022-10-3106382275core:RetainedEarningsAccumulatedLosses2022-10-3106382275core:LandBuildings2023-10-3106382275core:PlantMachinery2023-10-3106382275core:Vehicles2023-10-3106382275core:FurnitureFittings2023-10-3106382275core:OfficeEquipment2023-10-3106382275core:NetGoodwill2023-10-3106382275core:IntangibleAssetsOtherThanGoodwill2023-10-3106382275core:ListedExchangeTraded2023-10-3106382275core:UnlistedNon-exchangeTraded2023-10-3106382275core:LandBuildings2022-10-3106382275core:PlantMachinery2022-10-3106382275core:Vehicles2022-10-3106382275core:FurnitureFittings2022-10-3106382275core:OfficeEquipment2022-10-3106382275core:NetGoodwill2022-10-3106382275core:IntangibleAssetsOtherThanGoodwill2022-10-3106382275core:ListedExchangeTraded2022-10-3106382275core:UnlistedNon-exchangeTraded2022-10-3106382275core:LandBuildings2022-11-012023-10-3106382275core:PlantMachinery2022-11-012023-10-3106382275core:Vehicles2022-11-012023-10-3106382275core:FurnitureFittings2022-11-012023-10-3106382275core:OfficeEquipment2022-11-012023-10-3106382275core:NetGoodwill2022-11-012023-10-3106382275core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3106382275core:ListedExchangeTraded2022-11-012023-10-3106382275core:UnlistedNon-exchangeTraded2022-11-012023-10-3106382275core:MoreThanFiveYears2022-11-012023-10-3106382275core:Non-currentFinancialInstruments2023-10-3106382275core:Non-currentFinancialInstruments2022-10-3106382275dpl:CostSales2022-11-012023-10-3106382275dpl:DistributionCosts2022-11-012023-10-3106382275core:LandBuildings2022-11-012023-10-3106382275core:PlantMachinery2022-11-012023-10-3106382275core:Vehicles2022-11-012023-10-3106382275core:FurnitureFittings2022-11-012023-10-3106382275core:OfficeEquipment2022-11-012023-10-3106382275dpl:AdministrativeExpenses2022-11-012023-10-3106382275core:NetGoodwill2022-11-012023-10-3106382275core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3106382275dpl:GroupUndertakings2022-11-012023-10-3106382275dpl:ParticipatingInterests2022-11-012023-10-3106382275dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-10-3106382275core:ListedExchangeTraded2022-11-012023-10-3106382275dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-10-3106382275core:UnlistedNon-exchangeTraded2022-11-012023-10-3106382275dpl:CostSales2021-11-012022-10-3106382275dpl:DistributionCosts2021-11-012022-10-3106382275core:LandBuildings2021-11-012022-10-3106382275core:PlantMachinery2021-11-012022-10-3106382275core:Vehicles2021-11-012022-10-3106382275core:FurnitureFittings2021-11-012022-10-3106382275core:OfficeEquipment2021-11-012022-10-3106382275dpl:AdministrativeExpenses2021-11-012022-10-3106382275core:NetGoodwill2021-11-012022-10-3106382275core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-3106382275dpl:GroupUndertakings2021-11-012022-10-3106382275dpl:ParticipatingInterests2021-11-012022-10-3106382275dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-012022-10-3106382275core:ListedExchangeTraded2021-11-012022-10-3106382275dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-012022-10-3106382275core:UnlistedNon-exchangeTraded2021-11-012022-10-3106382275core:NetGoodwill2023-10-3106382275core:IntangibleAssetsOtherThanGoodwill2023-10-3106382275core:LandBuildings2023-10-3106382275core:PlantMachinery2023-10-3106382275core:Vehicles2023-10-3106382275core:FurnitureFittings2023-10-3106382275core:OfficeEquipment2023-10-3106382275core:AfterOneYear2023-10-3106382275core:WithinOneYear2023-10-3106382275core:ListedExchangeTraded2023-10-3106382275core:UnlistedNon-exchangeTraded2023-10-3106382275core:ShareCapital2023-10-3106382275core:SharePremium2023-10-3106382275core:RevaluationReserve2023-10-3106382275core:OtherReservesSubtotal2023-10-3106382275core:RetainedEarningsAccumulatedLosses2023-10-3106382275core:NetGoodwill2022-10-3106382275core:IntangibleAssetsOtherThanGoodwill2022-10-3106382275core:LandBuildings2022-10-3106382275core:PlantMachinery2022-10-3106382275core:Vehicles2022-10-3106382275core:FurnitureFittings2022-10-3106382275core:OfficeEquipment2022-10-3106382275core:AfterOneYear2022-10-3106382275core:WithinOneYear2022-10-3106382275core:Liste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KEASIM LIMITED

Registered Number
06382275
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

KEASIM LIMITED
Company Information
for the year from 1 November 2022 to 31 October 2023

Directors

KEANE, Robert
KEANE, Simon Paul

Company Secretary

KEANE, Simon Paul

Registered Address

Union House
111 New Union Street
Coventry
CV1 2NT

Registered Number

06382275 (England and Wales)
KEASIM LIMITED
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Called up share capital not paid9898
Fixed assets
Intangible assets3-144
Tangible assets47,94011,910
Investments62020
Investment property55,203,9994,500,000
5,211,9594,512,074
Current assets
Debtors648,875348,756
Cash at bank and on hand40,477459,450
689,352808,206
Creditors amounts falling due within one year7(139,038)(19,090)
Net current assets (liabilities)550,412789,214
Total assets less current liabilities5,762,3715,301,288
Creditors amounts falling due after one year8(1,886,307)(1,424,494)
Provisions for liabilities9(611)(1,384)
Net assets3,875,4533,875,410
Capital and reserves
Called up share capital100100
Revaluation reserve3,033,6253,033,625
Profit and loss account841,728841,685
Shareholders' funds3,875,4533,875,410
The financial statements were approved and authorised for issue by the Board of Directors on 29 July 2024, and are signed on its behalf by:
KEANE, Robert
Director
Registered Company No. 06382275
KEASIM LIMITED
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
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 future taxable profits. Deferred tax is measured using the 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Patents & licences 10% straight line
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings4
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Investment property
Investments are valued at fair value and not depreciated
2.Average number of employees

20232022
Average number of employees during the year01
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 November 221,4401,440
At 31 October 231,4401,440
Amortisation and impairment
At 01 November 221,2961,296
Charge for year144144
At 31 October 231,4401,440
Net book value
At 31 October 23--
At 31 October 22144144
4.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 November 2219,85019,850
At 31 October 2319,85019,850
Depreciation and impairment
At 01 November 227,9407,940
Charge for year3,9703,970
At 31 October 2311,91011,910
Net book value
At 31 October 237,9407,940
At 31 October 2211,91011,910
5.Investment property
Revaluation completed by Graham& Sibbald on Malones, 242-244 Morrison Street, Edinburgh, EH3 8Dt & Malones, 57-59 Sauchiehall Lane, Glasgow, G2 4JD on the 2 September 2022

£
Fair value at 01 November 224,500,000
Additions703,999
At 31 October 235,203,999
6.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 November 222020
At 31 October 232020
Net book value
At 31 October 232020
At 31 October 222020

Notes

1Investments in group undertakings and participating interests
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables9,67110
Bank borrowings and overdrafts89,990-
Taxation and social security27,36610,932
Other creditors10,8116,949
Accrued liabilities and deferred income1,2001,199
Total139,03819,090
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts1,167,8951,228,394
Other creditors718,412196,100
Total1,886,3071,424,494
9.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)6111,384
Total6111,384