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REGISTERED NUMBER: 08390484 (England and Wales)















KEAS TRADING LIMITED

Unaudited Financial Statements

For The Period 28 February 2023 to 30 June 2024






KEAS TRADING LIMITED (REGISTERED NUMBER: 08390484)

Contents of the Financial Statements
For The Period 28 February 2023 to 30 June 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KEAS TRADING LIMITED

Company Information
For The Period 28 February 2023 to 30 June 2024







DIRECTORS: K Stanton
Mrs E Stanton





REGISTERED OFFICE: 3 Chapman Way
Tunbridge Wells
Kent
TN2 3EF





REGISTERED NUMBER: 08390484 (England and Wales)





ACCOUNTANTS: Hilden Park Accountants Limited
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH

KEAS TRADING LIMITED (REGISTERED NUMBER: 08390484)

Abridged Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,515 38,779
Investments 5 22,000 24,000
Investment property 6 775,200 775,200
833,715 837,979

CURRENT ASSETS
Debtors 42,291 75,973
Cash at bank 65,319 14,804
107,610 90,777
CREDITORS
Amounts falling due within one year 78,061 26,209
NET CURRENT ASSETS 29,549 64,568
TOTAL ASSETS LESS CURRENT
LIABILITIES

863,264

902,547

PROVISIONS FOR LIABILITIES 8,838 -
NET ASSETS 854,426 902,547

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 854,425 902,546
854,426 902,547

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

KEAS TRADING LIMITED (REGISTERED NUMBER: 08390484)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 November 2024 and were signed on its behalf by:





K Stanton - Director


KEAS TRADING LIMITED (REGISTERED NUMBER: 08390484)

Notes to the Financial Statements
For The Period 28 February 2023 to 30 June 2024


1. STATUTORY INFORMATION

KEAS Trading 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. 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 as modified by the revaluation of certain assets.

Due to the extended accounting period in the current period, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

Turnover
Turnover is measured at the value of the consideration received or receivable, net of discounts and value added taxes, for the sale of other office machinery.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 4% on cost
Office equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiaries held at 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 period 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.

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 period 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.

KEAS TRADING LIMITED (REGISTERED NUMBER: 08390484)

Notes to the Financial Statements - continued
For The Period 28 February 2023 to 30 June 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 28 February 2023
and 30 June 2024 40,813
DEPRECIATION
At 28 February 2023 2,034
Charge for period 2,264
At 30 June 2024 4,298
NET BOOK VALUE
At 30 June 2024 36,515
At 27 February 2023 38,779

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 28 February 2023 24,000
Additions 2,000
Disposals (4,000 )
At 30 June 2024 22,000
NET BOOK VALUE
At 30 June 2024 22,000
At 27 February 2023 24,000

KEAS TRADING LIMITED (REGISTERED NUMBER: 08390484)

Notes to the Financial Statements - continued
For The Period 28 February 2023 to 30 June 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 28 February 2023
and 30 June 2024 775,200
NET BOOK VALUE
At 30 June 2024 775,200
At 27 February 2023 775,200

Revaluations take place with sufficient regularity to ensure that the carrying amount of the revalued asset at the reporting date does not differ materially from that which would be determined using fair value at the reporting date.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 June 2024 and the year ended 27 February 2023:

2024 2023
£    £   
K Stanton
Balance outstanding at start of period 4,207 29,146
Amounts advanced 160,877 20,061
Amounts repaid (154,207 ) (45,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 10,877 4,207

The director's loan account is repayable within 9 months of the balance sheet date. Interest was charged by the company to the director at the official rate for periods when the balance exceeded £10,000.