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REGISTERED NUMBER: 03651126 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Keendale Limited

Keendale Limited (Registered number: 03651126)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Keendale Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: N P Slydell





REGISTERED OFFICE: Unit 1
Old Station Yard
Petworth
West Sussex
GU28 0JF





REGISTERED NUMBER: 03651126 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

Keendale Limited (Registered number: 03651126)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 40,303 26,825
Investment property 5 530,000 530,000
570,303 556,825

CURRENT ASSETS
Stocks 383,947 383,947
Debtors 6 237,944 54,004
Cash at bank and in hand 269,414 60,758
891,305 498,709
CREDITORS
Amounts falling due within one year 7 257,242 75,005
NET CURRENT ASSETS 634,063 423,704
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,204,366

980,529

CREDITORS
Amounts falling due after more than one
year

8

(30,572

)

(84,456

)

PROVISIONS FOR LIABILITIES (39,143 ) (35,677 )
NET ASSETS 1,134,651 860,396

CAPITAL AND RESERVES
Called up share capital 3 3
Non distributable retained
earnings 189,998 189,998
Retained earnings 944,650 670,395
SHAREHOLDERS' FUNDS 1,134,651 860,396

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Keendale Limited (Registered number: 03651126)

Balance Sheet - continued
31 October 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 3 June 2025 and were signed by:





N P Slydell - Director


Keendale Limited (Registered number: 03651126)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Keendale 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.

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 invoiced sales of goods, 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.
Plant and machinery etc - 25% on reducing balance

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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 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 2 (2023 - 2 ) .

Keendale Limited (Registered number: 03651126)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 78,702
Additions 25,985
At 31 October 2024 104,687
DEPRECIATION
At 1 November 2023 51,877
Charge for year 12,507
At 31 October 2024 64,384
NET BOOK VALUE
At 31 October 2024 40,303
At 31 October 2023 26,825

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 530,000
NET BOOK VALUE
At 31 October 2024 530,000
At 31 October 2023 530,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2006 132,375
Valuation in 2010 32,375
Valuation in 2011 (25,000 )
Valuation in 2017 50,248
Cost 340,002
530,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 340,002 340,002

Investment property was valued on an open market basis on 31 October 2019 by the director .

Keendale Limited (Registered number: 03651126)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 706
Amounts recoverable on contract 19,063 20,279
Other debtors 218,881 33,019
237,944 54,004

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 26,644 13,053
Trade creditors 57,249 21,840
Taxation and social security 108,585 37,112
Other creditors 64,764 3,000
257,242 75,005

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 30,572 84,456

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
N P Slydell
Balance outstanding at start of year 29,282 19,320
Amounts advanced 237,143 59,962
Amounts repaid (50,000 ) (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 216,425 29,282