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
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
Keystone Property Development (UK) Limited
Statement of financial position
as at 30 September 2024
Investment property
504,500
895,000
Cash at bank and in hand
10,888
9,436
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)
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
Keystone Property Development (UK) Limited
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Fair value at 1 October 2023
895,000
Net loss from fair value adjustments
(115,500)
At 30 September 2024
504,500
Keystone Property Development (UK) Limited
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Deferred tax asset
-
21,118
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
61,788
61,303
Loans from directors
215,068
295,068
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).