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REGISTERED NUMBER: 04104462 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

KEANE GROUP LIMITED

KEANE GROUP LIMITED (REGISTERED NUMBER: 04104462)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEANE GROUP LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: D F G Keane
Mrs C B Keane
G Keane
M M Keane
S F Keane





SECRETARY: G Keane





REGISTERED OFFICE: Bridge House
25 Fiddlebridge Lane
Hatfield
Hertfordshire
AL10 0SP





REGISTERED NUMBER: 04104462 (England and Wales)





ACCOUNTANTS: Lovetts Accountants Limited
Bridge House
25 Fiddlebridge Lane
Hatfield
Hertfordshire
AL10 0SP

KEANE GROUP LIMITED (REGISTERED NUMBER: 04104462)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 882,927 882,927
Investments 5 105 105
Investment property 6 1,950,000 2,215,000
2,833,032 3,098,032

CURRENT ASSETS
Stocks 687,969 361,719
Debtors 7 6,387 69,893
Investments 8 370,000 -
Cash at bank and in hand 169,710 333,382
1,234,066 764,994
CREDITORS
Amounts falling due within one year 9 320,526 301,579
NET CURRENT ASSETS 913,540 463,415
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,746,572

3,561,447

PROVISIONS FOR LIABILITIES 183,896 122,490
NET ASSETS 3,562,676 3,438,957

CAPITAL AND RESERVES
Called up share capital 104 104
Fair value reserve 10 551,687 522,194
Retained earnings 3,010,885 2,916,659
SHAREHOLDERS' FUNDS 11 3,562,676 3,438,957

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

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

KEANE GROUP LIMITED (REGISTERED NUMBER: 04104462)

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.

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 26 March 2025 and were signed on its behalf by:





D F G Keane - Director


KEANE GROUP LIMITED (REGISTERED NUMBER: 04104462)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Keane Group 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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Computer equipment - 33% on cost

Investment property
Investment properties are included at fair value at the balance sheet date. Gains are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Fair value of the investment property is based on the expected selling price to be achieved on an open market basis at the reporting date.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


KEANE GROUP LIMITED (REGISTERED NUMBER: 04104462)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 882,927 3,501 886,428
DEPRECIATION
At 1 July 2023
and 30 June 2024 - 3,501 3,501
NET BOOK VALUE
At 30 June 2024 882,927 - 882,927
At 30 June 2023 882,927 - 882,927

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 105
NET BOOK VALUE
At 30 June 2024 105
At 30 June 2023 105

KEANE GROUP LIMITED (REGISTERED NUMBER: 04104462)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 2,215,000
Revaluations 105,000
Reclassification/transfer (370,000 )
At 30 June 2024 1,950,000
NET BOOK VALUE
At 30 June 2024 1,950,000
At 30 June 2023 2,215,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2016 570,091
Valuation in 2024 165,000
Cost 1,214,909
1,950,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 6,387 387
Other debtors - 69,506
6,387 69,893

8. CURRENT ASSET INVESTMENTS
30.6.24 30.6.23
£    £   
Other 370,000 -

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 16,102 16,232
Amounts owed to group undertakings 18,391 8,880
Taxation and social security 8,650 -
Other creditors 277,383 276,467
320,526 301,579

KEANE GROUP LIMITED (REGISTERED NUMBER: 04104462)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

10. RESERVES
Fair
value
reserve
£   
At 1 July 2023 522,194
Revaluation 29,493

At 30 June 2024 551,687

11. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
30.6.24 30.6.23
£    £   
Profit/(loss) for the financial year 154,226 (209,663 )
Dividends (60,000 ) (55,000 )
94,226 (264,663 )
Revaluation of property 29,493 -
Net addition/(reduction) to shareholders' funds 123,719 (264,663 )
Opening shareholders' funds 3,438,957 3,703,620
Closing shareholders' funds 3,562,676 3,438,957