Silverfin false false 31/10/2024 01/11/2023 31/10/2024 Mrs C A W Haines 18/01/2025 Mr A R Haines 18/01/2025 Mr Keith Haines 11/11/2024 06/04/1994 01 May 2025 The principal activity of the company is property investment, in addition the company provides advice to other property investors. 02916366 2024-10-31 02916366 bus:Director1 2024-10-31 02916366 bus:Director2 2024-10-31 02916366 bus:Director3 2024-10-31 02916366 core:CurrentFinancialInstruments 2024-10-31 02916366 core:CurrentFinancialInstruments 2023-10-31 02916366 2023-10-31 02916366 core:ShareCapital 2024-10-31 02916366 core:ShareCapital 2023-10-31 02916366 core:RetainedEarningsAccumulatedLosses 2024-10-31 02916366 core:RetainedEarningsAccumulatedLosses 2023-10-31 02916366 2023-11-01 2024-10-31 02916366 bus:FilletedAccounts 2023-11-01 2024-10-31 02916366 bus:SmallEntities 2023-11-01 2024-10-31 02916366 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 02916366 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 02916366 bus:Director1 2023-11-01 2024-10-31 02916366 bus:Director2 2023-11-01 2024-10-31 02916366 bus:Director3 2023-11-01 2024-10-31 02916366 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Company No: 02916366 (England and Wales)

KEITH HAINES LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

KEITH HAINES LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

KEITH HAINES LIMITED

BALANCE SHEET

As at 31 October 2024
KEITH HAINES LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Current assets
Debtors 3 0 59,270
Cash at bank and in hand 58,506 66,773
58,506 126,043
Creditors: amounts falling due within one year 4 ( 54,842) ( 4,240)
Net current assets 3,664 121,803
Total assets less current liabilities 3,664 121,803
Net assets 3,664 121,803
Capital and reserves
Called-up share capital 100 100
Profit and loss account 3,564 121,703
Total shareholder's funds 3,664 121,803

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Keith Haines Limited (registered number: 02916366) were approved and authorised for issue by the Board of Directors on 01 May 2025. They were signed on its behalf by:

Mrs C A W Haines
Director
KEITH HAINES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
KEITH HAINES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Keith Haines Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 1

The company is run and administered by the director of the company for whom no formal contract of service is in place.

3. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 0 47,187
Other debtors 0 12,083
0 59,270

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 52,910 0
Taxation and social security 387 0
Other creditors 1,545 4,240
54,842 4,240