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Company Registration No. 10260123 (England and Wales)
Keenan Family Investments Limited Unaudited accounts for the year ended 31 March 2024
Keenan Family Investments Limited Unaudited accounts Contents
Page
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Keenan Family Investments Limited Company Information for the year ended 31 March 2024
Directors
Mr G A M Keenan Mrs C E M Keenan
Secretary
Mrs C E M Keenan
Company Number
10260123 (England and Wales)
Registered Office
46 PARROCK ROAD GRAVESEND KENT DA12 1QH UNITED KINGDOM
Accountants
Affable Accountancy Ltd 6 Mendip Way Corby Northamptonshire NN18 8GJ
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Keenan Family Investments Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,747 
6,870 
Investment property
315,663 
460,400 
Investments
1,018,944 
997,781 
1,338,354 
1,465,051 
Current assets
Debtors
5,649 
11,835 
Cash at bank and in hand
23,389 
18,722 
29,038 
30,557 
Creditors: amounts falling due within one year
(1,022,789)
(1,218,373)
Net current liabilities
(993,751)
(1,187,816)
Total assets less current liabilities
344,603 
277,235 
Provisions for liabilities
Deferred tax
(38,277)
(38,277)
Net assets
306,326 
238,958 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
306,316 
238,948 
Shareholders' funds
306,326 
238,958 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by
Mr G A M Keenan Director Company Registration No. 10260123
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Keenan Family Investments Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Keenan Family Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 10260123. The registered office is 46 PARROCK ROAD, GRAVESEND, KENT, DA12 1QH, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Going concern
The balance sheet is showing net current liabilities of £1,006,427. The company is reliant upon the support of its directors, who have agreed not to demand repayment of the balance due to them within the next 12 months and therefore the accounts have been prepared on a going concern basis.
Investments
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Keenan Family Investments Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
12,491 
At 31 March 2024
12,491 
Depreciation
At 1 April 2023
5,621 
Charge for the year
3,123 
At 31 March 2024
8,744 
Net book value
At 31 March 2024
3,747 
At 31 March 2023
6,870 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
460,400 
Disposals
(144,737)
At 31 March 2024
315,663 
The directors consider the original cost of the long term leasehold investment property to be an appropriate market value as at 31 March 2024.
6
Investments
Other investments 
£ 
Valuation at 1 April 2023
997,781 
Additions
567,263 
Fair value adjustments
57,362 
Disposals
(603,462)
Valuation at 31 March 2024
1,018,944 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,998 
8,580 
Accrued income and prepayments
- 
3,119 
Other debtors
651 
136 
5,649 
11,835 
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Keenan Family Investments Limited Notes to the Accounts for the year ended 31 March 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
700,000 
700,000 
Taxes and social security
3,070 
2,336 
Loans from directors
318,519 
514,037 
Accruals
1,200 
2,000 
1,022,789 
1,218,373 
The bank loan of £700,000 (2023 - £700,000) is secured on the company's fixed asset investments.
9
Transactions with related parties
During the year a director loaned £31,000 (2023 - £66,000) to the company. At the balance sheet date the company owed a director £318,519 (2023 - £514,037). This loan is interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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