Registered number
04491942
Keenskill Limited
Unaudited Filleted Accounts
30 September 2024
Keenskill Limited
Registered number: 04491942
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,300,000 1,300,000
Current assets
Debtors 4 2,206 2,088
Cash at bank and in hand 524,163 446,844
526,369 448,932
Creditors: amounts falling due within one year 5 (32,642) (35,342)
Net current assets 493,727 413,590
Total assets less current liabilities 1,793,727 1,713,590
Provisions for liabilities (101,172) (101,172)
Net assets 1,692,555 1,612,418
Capital and reserves
Called up share capital 1,000 1,000
Share premium 145,000 145,000
Capital redemption 664,000 664,000
Profit and loss account 882,555 802,418
Shareholders' funds 1,692,555 1,612,418
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Hughes L Davis
Director Director
Approved by the board on 7 January 2025
Keenskill Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
Going concern
The directors have a reasonable expectation that the company has adequate resources, liquidity, and bank facilities to continue in operational existence for the foreseeable future. As at the date of approving these accounts the directors are satisfied that the accounts should continue to be prepared on a going concern basis.
Turnover and other operating income
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Other operating income includes rent receivable from investment property net of VAT. Rentals are recognised over the period to which they relate.
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
Basic financial assets (debtors)
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities (creditors)
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investment property 2023
£
Fair value
At 1 October 2023 1,300,000
Revaluation in year to fair value -
At 30 September 2024 1,300,000
The fair value of the investment property has been arrived at on the basis of a valuation carried out at each year end by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The directors believe there has been no change in the fair value from last year.
4 Debtors 2024 2023
£ £
Other debtors 2,206 2,088
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 28,837 24,512
Other creditors 3,805 10,830
32,642 35,342
6 Controlling party
The company is under the control of B Hughes who owns 100% of the issued voting share capital.
7 Other information
Keenskill Limited is a private company limited by shares and incorporated in England. Its registered office is:
Oak Tree
Tadmarton Road
Bloxham
Banbury
OX15 4JA
Keenskill Limited 04491942 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts July 2024 B Hughes No description of principal activity 04491942 2022-10-01 2023-09-30 04491942 core:WithinOneYear 2023-09-30 04491942 core:ShareCapital 2023-09-30 04491942 core:SharePremium 2023-09-30 04491942 core:RetainedEarningsAccumulatedLosses 2023-09-30 04491942 2023-10-01 2024-09-30 04491942 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04491942 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04491942 bus:Director40 2023-10-01 2024-09-30 04491942 1 2023-10-01 2024-09-30 04491942 2 2023-10-01 2024-09-30 04491942 countries:England 2023-10-01 2024-09-30 04491942 bus:FRS102 2023-10-01 2024-09-30 04491942 bus:FilletedAccounts 2023-10-01 2024-09-30 04491942 2024-09-30 04491942 core:WithinOneYear 2024-09-30 04491942 core:ShareCapital 2024-09-30 04491942 core:SharePremium 2024-09-30 04491942 core:RetainedEarningsAccumulatedLosses 2024-09-30 04491942 2023-09-30 iso4217:GBP xbrli:pure