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REGISTERED NUMBER: 06859888 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

KEYSTONE FINANCIAL LIMITED

KEYSTONE FINANCIAL LIMITED (REGISTERED NUMBER: 06859888)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KEYSTONE FINANCIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTOR: Mrs H A MacKenzie-Williams





REGISTERED OFFICE: 21 Hazel Street
Sutton in Ashfield
NG17 3FD





REGISTERED NUMBER: 06859888 (England and Wales)





ACCOUNTANTS: Stanton Ralph & Co Limited
Chartered Accountants
The Old Police Station
Whitburn Street
Bridgnorth
Shropshire
WV16 4QP

KEYSTONE FINANCIAL LIMITED (REGISTERED NUMBER: 06859888)

BALANCE SHEET
31ST DECEMBER 2024

31.12.23 31.12.24
£    £    Notes £    £   
FIXED ASSETS
566 Tangible assets 4 223

CURRENT ASSETS
110,588 Debtors 5 111,771
205,915 Cash at bank 279,420
316,503 391,191
CREDITORS
92,927 Amounts falling due within one year 6 113,756
223,576 NET CURRENT ASSETS 277,435
224,142 TOTAL ASSETS LESS CURRENT LIABILITIES 277,658

CREDITORS
20,000 Amounts falling due after more than one
year

7

20,000
204,142 NET ASSETS 257,658

CAPITAL AND RESERVES
100 Called up share capital 100
204,042 Retained earnings 257,558
204,142 257,658

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th January 2025 and were signed by:





Mrs H A MacKenzie-Williams - Director


KEYSTONE FINANCIAL LIMITED (REGISTERED NUMBER: 06859888)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Keystone Financial 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.

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 each asset over its estimated useful life.
Plant and machinery etc - 15% on cost

Taxation
Taxation for the year 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

KEYSTONE FINANCIAL LIMITED (REGISTERED NUMBER: 06859888)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2024
and 31st December 2024 6,967
DEPRECIATION
At 1st January 2024 6,401
Charge for year 343
At 31st December 2024 6,744
NET BOOK VALUE
At 31st December 2024 223
At 31st December 2023 566

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 94,000 90,204
Prepayments 17,771 20,384
111,771 110,588

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 75,463 68,612
Taxation and social security 32,250 18,989
Other creditors 6,043 5,326
113,756 92,927

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Other creditors 20,000 20,000

The other creditors are subordinated loans and are repayable not less that two years from the date the loans were first made or with permission from the Finance Conduct Authority. The loans constitute capital under the Finance Conduct Authority financial resources requirements.