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REGISTERED NUMBER: 01593934 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

The Keep Limited

The Keep Limited (Registered number: 01593934)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Keep Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M J Barber
C W Smith
G Konstantinidis
E D Barford
T P Trowles
S Turner
B Jappy
M Saw
A Fensome





REGISTERED OFFICE: The Keep
Bedford Road
Kempston
Bedfordshire
MK42 8AJ





REGISTERED NUMBER: 01593934 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

The Keep Limited (Registered number: 01593934)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 594,418 577,870
Investment property 6 720,000 720,000
1,314,418 1,297,870

CURRENT ASSETS
Debtors 7 1,876 -
Cash at bank 183,866 217,410
185,742 217,410
CREDITORS
Amounts falling due within one year 8 39,480 38,918
NET CURRENT ASSETS 146,262 178,492
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,460,680

1,476,362

PROVISIONS FOR LIABILITIES 9 137,500 137,500
NET ASSETS 1,323,180 1,338,862

CAPITAL AND RESERVES
Allotted, called up and
fully paid share capital 60,000 60,000
Other reserves 10 507,346 529,410
Retained earnings 10 755,834 749,452
SHAREHOLDERS' FUNDS 1,323,180 1,338,862

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.

The Keep Limited (Registered number: 01593934)

Statement of Financial Position - 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 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:




M J Barber - Director



G Konstantinidis - Director


The Keep Limited (Registered number: 01593934)

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

1. STATUTORY INFORMATION

The Keep Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

During the year the directors' decided to change the Accounting Policy and show the Freehold property at its true market value.

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

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 statement of financial position date.


The Keep Limited (Registered number: 01593934)

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

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 480,000 253,221 733,221
Additions - 37,195 37,195
Disposals - (873 ) (873 )
At 31 December 2023 480,000 289,543 769,543
DEPRECIATION
At 1 January 2023 - 155,351 155,351
Charge for year - 20,647 20,647
Eliminated on disposal - (873 ) (873 )
At 31 December 2023 - 175,125 175,125
NET BOOK VALUE
At 31 December 2023 480,000 114,418 594,418
At 31 December 2022 480,000 97,870 577,870

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2022 220,000 - 220,000
Cost 260,000 289,543 549,543
480,000 289,543 769,543

The Keep Limited (Registered number: 01593934)

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

5. TANGIBLE FIXED ASSETS - continued

If Freehold property had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
as restated
£    £   
Cost 260,000 -

The property was valued on an open market basis on 31 December 2023 by the directors .

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 720,000
NET BOOK VALUE
At 31 December 2023 720,000
At 31 December 2022 720,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 720,000

If property and improvements had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
as restated
£    £   
Cost 358,665 358,665
Aggregate depreciation (51,769 ) (49,874 )

The property was valued on an open market basis on 31 December 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Trade debtors 1,876 -

The Keep Limited (Registered number: 01593934)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Other creditors 37,880 37,430
Accrued expenses 1,600 1,488
39,480 38,918

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
as restated
£    £   
Deferred tax
Other timing differences 137,500 137,500

Deferred
tax
£   
Balance at 1 January 2023 137,500
Balance at 31 December 2023 137,500

10. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 January 2023 584,452 529,410 1,113,862
Prior year adjustment 165,000 165,000
749,452 1,278,862
Deficit for the year (15,682 ) (15,682 )
Transfer to Other reserves 22,064 (22,064 ) -
At 31 December 2023 755,834 507,346 1,263,180

The purpose of the Other reserves is to provide a fund to meet unexpected liabilities.

11. RELATED PARTY DISCLOSURES

During the year, various shareholder Masonic Lodges made voluntary contributions of £22,064 (2022 - £22,040) to assist with the upkeep of the property maintained by the company.