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REGISTERED NUMBER: NI611343 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

KEENAN CORPORATE FINANCE LIMITED

KEENAN CORPORATE FINANCE LIMITED (REGISTERED NUMBER: NI611343)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEENAN CORPORATE FINANCE LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr T M Keenan
Mr T McKenna
Mr S Murray





REGISTERED OFFICE: 10th Floor
Victoria House
15/27 Gloucester Street
Belfast
BT1 4LS





REGISTERED NUMBER: NI611343 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

KEENAN CORPORATE FINANCE LIMITED (REGISTERED NUMBER: NI611343)

Balance Sheet
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,391 10,988
9,391 10,988

CURRENT ASSETS
Stocks 548,895 546,334
Debtors 6 258,771 334,378
Cash at bank 358,557 355,951
1,166,223 1,236,663
CREDITORS
Amounts falling due within one year 7 285,447 223,047
NET CURRENT ASSETS 880,776 1,013,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

890,167

1,024,604

PROVISIONS FOR LIABILITIES 2,198 1,949
NET ASSETS 887,969 1,022,655

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 887,965 1,022,651
887,969 1,022,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

KEENAN CORPORATE FINANCE LIMITED (REGISTERED NUMBER: NI611343)

Balance Sheet - continued
31 MARCH 2024


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 5 August 2024 and were signed on its behalf by:





Mr T M Keenan - Director


KEENAN CORPORATE FINANCE LIMITED (REGISTERED NUMBER: NI611343)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Keenan Corporate Finance Limited is a private company, limited by shares , registered in Northern Ireland. 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 the business is amortised evenly over 5 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 - 33% on cost and 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


KEENAN CORPORATE FINANCE LIMITED (REGISTERED NUMBER: NI611343)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

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 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 900,000
AMORTISATION
At 1 April 2023
and 31 March 2024 900,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

KEENAN CORPORATE FINANCE LIMITED (REGISTERED NUMBER: NI611343)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 85,800 73,285 159,085
Additions - 2,914 2,914
At 31 March 2024 85,800 76,199 161,999
DEPRECIATION
At 1 April 2023 85,800 62,297 148,097
Charge for year - 4,511 4,511
At 31 March 2024 85,800 66,808 152,608
NET BOOK VALUE
At 31 March 2024 - 9,391 9,391
At 31 March 2023 - 10,988 10,988

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 236,689 311,562
Other debtors 22,082 22,816
258,771 334,378

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 22,978 1,967
Taxation and social security 169,124 151,610
Other creditors 93,345 69,470
285,447 223,047