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REGISTERED NUMBER: 12778562 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Keenan Property Solutions Ltd

Keenan Property Solutions Ltd (Registered number: 12778562)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Keenan Property Solutions Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr C Keenan
Mrs S E Keenan





REGISTERED OFFICE: 23 Beachgrove Road
Bristol
BS16 4AU





REGISTERED NUMBER: 12778562 (England and Wales)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Keenan Property Solutions Ltd (Registered number: 12778562)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,235 419
Investment property 5 559,190 376,278
560,425 376,697

CURRENT ASSETS
Debtors 6 1,984 2,043
Cash at bank 9,988 7,857
11,972 9,900
CREDITORS
Amounts falling due within one year 7 134,120 76,803
NET CURRENT LIABILITIES (122,148 ) (66,903 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

438,277

309,794

CREDITORS
Amounts falling due after more than one
year

8

(406,249

)

(274,728

)

PROVISIONS FOR LIABILITIES (235 ) -
NET ASSETS 31,793 35,066

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 31,693 34,966
31,793 35,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Property Solutions Ltd (Registered number: 12778562)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

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





Mr C Keenan - Director


Keenan Property Solutions Ltd (Registered number: 12778562)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Keenan Property Solutions 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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 (2023 - 1 ) .

Keenan Property Solutions Ltd (Registered number: 12778562)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 264 310 574
Additions 1,201 - 1,201
At 30 June 2024 1,465 310 1,775
DEPRECIATION
At 1 July 2023 53 102 155
Charge for year 282 103 385
At 30 June 2024 335 205 540
NET BOOK VALUE
At 30 June 2024 1,130 105 1,235
At 30 June 2023 211 208 419

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 376,278
Additions 182,912
At 30 June 2024 559,190
NET BOOK VALUE
At 30 June 2024 559,190
At 30 June 2023 376,278

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 1,984 2,043

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 2,943 3,135
Other creditors 131,177 73,668
134,120 76,803

Keenan Property Solutions Ltd (Registered number: 12778562)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 406,249 274,728

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 406,249 274,728

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 406,249 274,728

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Mr C Keenan
Balance outstanding at start of year (72,228 ) (72,983 )
Amounts advanced 17,298 15,300
Amounts repaid (19,662 ) (14,545 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (74,592 ) (72,228 )

Mrs S E Keenan
Balance outstanding at start of year - -
Amounts repaid (10,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,000 ) -

11. RELATED PARTY DISCLOSURES

The directors are also directors of Keenan Systems Engineering Solutions Ltd, a company registered in England and Wales. At the balance sheet date, the amount due to Keenan Systems Engineering Ltd was £45,000 (2023 - £Nil).

12. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr C Keenan.