1 October 2023 false No description of principal activity Taxfiler 2024.6 03884894business:PrivateLimitedCompanyLtd2023-10-012024-09-30 038848942023-09-30 038848942023-10-012024-09-30 03884894business:AuditExempt-NoAccountantsReport2023-10-012024-09-30 03884894business:FilletedAccounts2023-10-012024-09-30 038848942024-09-30 03884894business:Director22023-10-012024-09-30 03884894business:Director32023-10-012024-09-30 03884894business:Director42023-10-012024-09-30 03884894business:RegisteredOffice2023-10-012024-09-30 038848942023-09-30 03884894core:WithinOneYear2024-09-30 03884894core:WithinOneYear2023-09-30 03884894core:AfterOneYear2024-09-30 03884894core:AfterOneYear2023-09-30 03884894core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 03884894core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 03884894core:RevaluationReservecore:PreviouslyStatedAmount2024-09-30 03884894core:RevaluationReservecore:PreviouslyStatedAmount2023-09-30 03884894core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 03884894core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 03884894core:PreviouslyStatedAmount2024-09-30 03884894core:PreviouslyStatedAmount2023-09-30 03884894business:SmallEntities2023-10-012024-09-30 03884894countries:EnglandWales2023-10-012024-09-30 03884894core:ComputerEquipment2023-09-30 03884894core:ComputerEquipment2023-10-012024-09-30 03884894core:ComputerEquipment2024-09-30 038848942022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. 03884894 (England and Wales)
Keystone Property Development (UK) Limited Unaudited accounts for the year ended 30 September 2024
Keystone Property Development (UK) Limited Unaudited accounts Contents
Page
- 2 -
Keystone Property Development (UK) Limited Company Information for the year ended 30 September 2024
Directors
Charles Philip Stollery Michael David Stollery Karen Heald
Company Number
03884894 (England and Wales)
Registered Office
Holmefield Holmefield Avenue Thornton-Clevelys Lancashire FY5 2QT
Accountants
Brambles Consulting & Finance Ltd Top Floor 126 Bold Street Fleetwood Lancashire FY7 6HW
- 3 -
Keystone Property Development (UK) Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
422 
Investment property
504,500 
895,000 
504,500 
895,422 
Current assets
Debtors
2,761 
21,118 
Cash at bank and in hand
10,888 
9,436 
13,649 
30,554 
Creditors: amounts falling due within one year
(278,007)
(357,604)
Net current liabilities
(264,358)
(327,050)
Total assets less current liabilities
240,142 
568,372 
Creditors: amounts falling due after more than one year
(217,500)
(367,500)
Net assets
22,642 
200,872 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
442,278 
442,278 
Profit and loss account
(419,638)
(241,408)
Shareholders' funds
22,642 
200,872 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by
Michael David Stollery Director Company Registration No. 03884894
- 4 -
Keystone Property Development (UK) Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Keystone Property Development (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 03884894. The registered office is Holmefield, Holmefield Avenue, Thornton-Clevelys, Lancashire, FY5 2QT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost and impairment. Depreciation is not charged in relation to land and buildings.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2023
562 
Disposals
(562)
At 30 September 2024
- 
Depreciation
At 1 October 2023
140 
On disposals
(140)
At 30 September 2024
- 
Net book value
At 30 September 2024
- 
At 30 September 2023
422 
5
Investment property
2024 
£ 
Fair value at 1 October 2023
895,000 
Disposals
(275,000)
Net loss from fair value adjustments
(115,500)
At 30 September 2024
504,500 
- 5 -
Keystone Property Development (UK) Limited Notes to the Accounts for the year ended 30 September 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,186 
- 
Trade debtors
1,575 
- 
Deferred tax asset
21,118 
2,761 
21,118 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
1,033 
Trade creditors
61,788 
61,303 
Loans from directors
215,068 
295,068 
Accruals
1,151 
200 
278,007 
357,604 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
217,500 
367,500 
9
Transactions with related parties
A loan was outstanding to Frank Heald at the end of the year £295,068. (2022: £330,068)
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 6 -