IRIS Accounts Production v25.1.3.33 10326265 Board of Directors 1.9.23 30.8.24 30.8.24 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103262652023-08-31103262652024-08-30103262652023-09-012024-08-30103262652022-08-30103262652022-08-312023-08-31103262652023-08-3110326265ns15:EnglandWales2023-09-012024-08-3010326265ns14:PoundSterling2023-09-012024-08-3010326265ns10:Director12023-09-012024-08-3010326265ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3010326265ns10:SmallEntities2023-09-012024-08-3010326265ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3010326265ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3010326265ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3010326265ns10:FullAccounts2023-09-012024-08-3010326265ns10:Director22023-09-012024-08-3010326265ns10:RegisteredOffice2023-09-012024-08-3010326265ns5:CurrentFinancialInstruments2024-08-3010326265ns5:CurrentFinancialInstruments2023-08-3110326265ns5:Non-currentFinancialInstruments2024-08-3010326265ns5:Non-currentFinancialInstruments2023-08-3110326265ns5:ShareCapital2024-08-3010326265ns5:ShareCapital2023-08-3110326265ns5:FurtherSpecificReserve3ComponentTotalEquity2024-08-3010326265ns5:FurtherSpecificReserve3ComponentTotalEquity2023-08-3110326265ns5:RetainedEarningsAccumulatedLosses2024-08-3010326265ns5:RetainedEarningsAccumulatedLosses2023-08-3110326265ns5:FurnitureFittings2023-09-012024-08-3010326265ns5:FurnitureFittings2023-08-3110326265ns5:FurnitureFittings2024-08-3010326265ns5:FurnitureFittings2023-08-3110326265ns5:CostValuation2023-08-3110326265ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3010326265ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3110326265ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-08-3010326265ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-08-3110326265ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-08-3010326265ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-08-3110326265ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-08-3010326265ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-08-31103262651ns10:Director12023-08-31103262651ns10:Director12022-08-30103262651ns10:Director12023-09-012024-08-30103262651ns10:Director12022-08-312023-08-31103262651ns10:Director12024-08-30103262651ns10:Director12023-08-31
REGISTERED NUMBER: 10326265 (England and Wales)










Unaudited Financial Statements

for the Period 1 September 2023 to 30 August 2024

for

Kee Developments 1 Ltd

Kee Developments 1 Ltd (Registered number: 10326265)






Contents of the Financial Statements
for the Period 1 September 2023 to 30 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kee Developments 1 Ltd

Company Information
for the Period 1 September 2023 to 30 August 2024







DIRECTORS: L J Main
R P Keeves





REGISTERED OFFICE: 32 Wotton Court
6 Jamestown Way
London
E14 2DB





REGISTERED NUMBER: 10326265 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

Kee Developments 1 Ltd (Registered number: 10326265)

Balance Sheet
30 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 7,249 9,665
Investments 4 132,000 132,000
Investment property 5 1,705,000 1,705,000
1,844,249 1,846,665

CURRENT ASSETS
Debtors 6 91,437 104,974
Cash at bank 9,030 6,673
100,467 111,647
CREDITORS
Amounts falling due within one year 7 (334,852 ) (367,685 )
NET CURRENT LIABILITIES (234,385 ) (256,038 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,609,864

1,590,627

CREDITORS
Amounts falling due after more than one year 8 (1,144,159 ) (1,149,498 )

PROVISIONS FOR LIABILITIES (72,588 ) (72,588 )
NET ASSETS 393,117 368,541

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 309,449 309,449
Retained earnings 10 83,666 59,090
393,117 368,541

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 August 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.

Kee Developments 1 Ltd (Registered number: 10326265)

Balance Sheet - continued
30 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 Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





L J Main - Director


Kee Developments 1 Ltd (Registered number: 10326265)

Notes to the Financial Statements
for the Period 1 September 2023 to 30 August 2024

1. 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 each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

TAXATION
Taxation for the period 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.

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 period 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - 2 ).

Kee Developments 1 Ltd (Registered number: 10326265)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 30 August 2024

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 30 August 2024 51,150
DEPRECIATION
At 1 September 2023 41,485
Charge for period 2,416
At 30 August 2024 43,901
NET BOOK VALUE
At 30 August 2024 7,249
At 31 August 2023 9,665

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 September 2023
and 30 August 2024 132,000
NET BOOK VALUE
At 30 August 2024 132,000
At 31 August 2023 132,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 30 August 2024 1,705,000
NET BOOK VALUE
At 30 August 2024 1,705,000
At 31 August 2023 1,705,000

Kee Developments 1 Ltd (Registered number: 10326265)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 30 August 2024

5. INVESTMENT PROPERTY - continued

Fair value at 30 August 2024 is represented by:
£   
Valuation in 2017 39,762
Valuation in 2018 232,625
Valuation in 2023 109,650
Cost 1,322,963
1,705,000

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 60,496 -
Directors' current accounts 29,615 101,562
Accruals - 3,412
Prepayments 1,326 -
91,437 104,974

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 5,388 5,254
Trade creditors 3,461 2,605
Corporation tax 7,464 1,297
Other creditors 316,206 357,329
Accrued expenses 2,333 1,200
334,852 367,685

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 1,144,159 1,149,498

Kee Developments 1 Ltd (Registered number: 10326265)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 30 August 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,116,083 1,116,083

Repayable by instalments
Bank loans more 5 yr by instal 5,127 11,027

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,388 5,254

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,524 5,389

Amounts falling due between two and five years:
Bank loans - 2-5 years 17,425 16,999

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,116,083 1,116,083

Repayable by instalments
Bank loans more 5 yr by instal 5,127 11,027

10. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any
distributions made to the company's shareholders. This is a distributable reserve.

FAIR VALUE RESERVES
The Company uses the revaluation model for the measurement of its investment properties. The reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.

Kee Developments 1 Ltd (Registered number: 10326265)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 30 August 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 30 August 2024 and 31 August 2023:

2024 2023
£    £   
L J Main
Balance outstanding at start of period 101,562 (3,647 )
Amounts advanced 89,671 176,332
Amounts repaid (161,618 ) (71,123 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 29,615 101,562