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REGISTERED NUMBER: SC466015 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Keddie Limited

Keddie Limited (Registered number: SC466015)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Keddie Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr C M Keddie
Miss H M Senior





REGISTERED OFFICE: 15 Stoker Road
Cruden Bay
Peterhead
Aberdeenshire
AB42 0AD





REGISTERED NUMBER: SC466015 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Keddie Limited (Registered number: SC466015)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,725 3,745
Investment property 5 78,500 78,500
94,225 82,245

CURRENT ASSETS
Debtors 6 41,244 55,620
Cash at bank 96,932 100,576
138,176 156,196
CREDITORS
Amounts falling due within one year 7 37,278 43,977
NET CURRENT ASSETS 100,898 112,219
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,123

194,464

CREDITORS
Amounts falling due after more than one
year

8

(27,525

)

(35,613

)

PROVISIONS FOR LIABILITIES (3,561 ) (712 )
NET ASSETS 164,037 158,139

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 (27,435 ) (27,435 )
Retained earnings 10 191,372 185,474
SHAREHOLDERS' FUNDS 164,037 158,139

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Keddie Limited (Registered number: SC466015)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





Mr C M Keddie - Director


Keddie Limited (Registered number: SC466015)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Keddie Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Keddie Limited (Registered number: SC466015)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 1,002 744 3,700 919 6,365
Additions 2,004 - 17,498 333 19,835
Disposals - - (3,700 ) - (3,700 )
At 31 December 2023 3,006 744 17,498 1,252 22,500
DEPRECIATION
At 1 January 2023 627 149 925 919 2,620
Charge for year 476 119 4,375 110 5,080
Eliminated on disposal - - (925 ) - (925 )
At 31 December 2023 1,103 268 4,375 1,029 6,775
NET BOOK VALUE
At 31 December 2023 1,903 476 13,123 223 15,725
At 31 December 2022 375 595 2,775 - 3,745

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 78,500
NET BOOK VALUE
At 31 December 2023 78,500
At 31 December 2022 78,500

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 (27,435 )
Cost 105,935
78,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 32,648 44,263
Amounts recoverable on contract 8,473 11,186
Other debtors 123 171
41,244 55,620

Keddie Limited (Registered number: SC466015)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 4,128 3,843
Trade creditors - 72
Taxation and social security 31,216 37,923
Other creditors 1,934 2,139
37,278 43,977

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 27,525 35,613

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,787 18,840

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 31,653 -

A fixed and floating charge exists in favour of Aldermore Bank PLC over the company's investment property.

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 185,474 (27,435 ) 158,039
Profit for the year 84,627 84,627
Dividends (78,729 ) (78,729 )
At 31 December 2023 191,372 (27,435 ) 163,937