Keemah Limited 06486651 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of rental property. Digita Accounts Production Advanced 6.30.9574.0 true 06486651 2023-04-01 2024-03-31 06486651 2024-03-31 06486651 core:CurrentFinancialInstruments 2024-03-31 06486651 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06486651 core:FurnitureFittingsToolsEquipment 2024-03-31 06486651 bus:SmallEntities 2023-04-01 2024-03-31 06486651 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06486651 bus:FilletedAccounts 2023-04-01 2024-03-31 06486651 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06486651 bus:RegisteredOffice 2023-04-01 2024-03-31 06486651 bus:CompanySecretary1 2023-04-01 2024-03-31 06486651 bus:Director1 2023-04-01 2024-03-31 06486651 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06486651 bus:Agent1 2023-04-01 2024-03-31 06486651 core:ComputerEquipment 2023-04-01 2024-03-31 06486651 core:FurnitureFittings 2023-04-01 2024-03-31 06486651 countries:AllCountries 2023-04-01 2024-03-31 06486651 2023-03-31 06486651 core:FurnitureFittingsToolsEquipment 2023-03-31 06486651 2022-04-01 2023-03-31 06486651 2023-03-31 06486651 core:CurrentFinancialInstruments 2023-03-31 06486651 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 06486651

Keemah Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

image-name
 

Keemah Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4 to 7

 

Keemah Limited

Company Information

Director

Mr MR Hulands

Company secretary

Mrs N Hulands

Registered office

100 Avenue Road
Rushden
Northamptonshire
NN10 0SJ

Accountants

Michael J Emery & Co Limited
Chartered Accountants
22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Keemah Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Keemah Limited for the year ended 31 March 2024 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Keemah Limited, as a body, in accordance with the terms of our instructions. Our work has been undertaken solely to prepare for your approval the accounts of Keemah Limited and state those matters that we have agreed to state to the Board of Directors of Keemah Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Keemah Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Keemah Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Keemah Limited. You consider that Keemah Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Keemah Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Michael J Emery & Co Limited
Chartered Accountants
22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

8 October 2024

 

Keemah Limited

(Registration number: 06486651)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

5

170,000

170,000

Current assets

 

Debtors

6

267

202

Cash at bank and in hand

 

58,246

79,662

 

58,513

79,864

Creditors: Amounts falling due within one year

7

(57,205)

(64,494)

Net current assets

 

1,308

15,370

Net assets

 

171,308

185,370

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

56,442

53,333

Retained earnings

114,766

131,937

Shareholders' funds

 

171,308

185,370

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 October 2024
 

.........................................
Mr MR Hulands
Director

 

Keemah Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales. Registration number 06486651.

The address of its registered office is:
100 Avenue Road
Rushden
Northamptonshire
NN10 0SJ

These financial statements were authorised for issue by the director on 8 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Keemah Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% on cost

Computer equipment

33% on cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Keemah Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, including the director, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

2,345

2,345

At 31 March 2024

2,345

2,345

Depreciation

At 1 April 2023

2,345

2,345

At 31 March 2024

2,345

2,345

Carrying amount

At 31 March 2024

-

-

 

Keemah Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

5

Investment properties

2024
£

At 1 April

170,000

At 31 March

170,000

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2024
£

2023
£

Prepayments

267

202

 

267

202

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

30,000

30,000

Corporation tax control

 

663

565

Accruals

 

26,185

29,110

Directors loan account

 

357

4,819

 

57,205

64,494

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

30,000

30,000