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REGISTERED NUMBER: 09722734 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

KEYGROVE ESTATES LIMITED

KEYGROVE ESTATES LIMITED (REGISTERED NUMBER: 09722734)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KEYGROVE ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: A Rothbart





REGISTERED OFFICE: 47 Watermint Quay
Craven Walk
Stamford Hill
London
N16 6DN





REGISTERED NUMBER: 09722734 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

KEYGROVE ESTATES LIMITED (REGISTERED NUMBER: 09722734)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 235 276
Investment property 5 556,050 556,050
556,285 556,326

CURRENT ASSETS
Debtors 6 305,000 305,000
Cash at bank 1,647 3,826
306,647 308,826
CREDITORS
Amounts falling due within one year 7 (402,633 ) (411,208 )
NET CURRENT LIABILITIES (95,986 ) (102,382 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

460,299

453,944

CREDITORS
Amounts falling due after more than one
year

8

(338,167

)

(338,162

)

PROVISIONS FOR LIABILITIES (11,243 ) (11,243 )
NET ASSETS 110,889 104,539

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 59,176 59,176
Retained earnings 11 51,613 45,263
SHAREHOLDERS' FUNDS 110,889 104,539

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

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

The director acknowledges his 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.

KEYGROVE ESTATES LIMITED (REGISTERED NUMBER: 09722734)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 director and authorised for issue on 7 May 2025 and were signed by:





A Rothbart - Director


KEYGROVE ESTATES LIMITED (REGISTERED NUMBER: 09722734)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Keygrove Estates 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 represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment Properties are included in the Balance Sheet at historical cost, which is not in accordance with Financial Reporting Standard for Smaller Entities(effective January 2015), which requires such properties to be stated at current market value.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2023 - NIL).

KEYGROVE ESTATES LIMITED (REGISTERED NUMBER: 09722734)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 1,012
DEPRECIATION
At 1 September 2023 736
Charge for year 41
At 31 August 2024 777
NET BOOK VALUE
At 31 August 2024 235
At 31 August 2023 276

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 556,050
NET BOOK VALUE
At 31 August 2024 556,050
At 31 August 2023 556,050

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2020 59,176
Cost 496,874
556,050

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 305,000 305,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Tax 1,026 -
Other creditors 400,887 410,488
Accrued expenses 720 720
402,633 411,208

KEYGROVE ESTATES LIMITED (REGISTERED NUMBER: 09722734)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans more 5 yrs non-inst 338,167 338,162

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 338,167 338,162

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 338,167 338,162

Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary 1 100 100

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2023 45,263 59,176 104,439
Profit for the year 6,350 6,350
At 31 August 2024 51,613 59,176 110,789

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Refael Haim Fridman.