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REGISTERED NUMBER: 01797068 (England and Wales)

















KEATS WAY MANAGEMENT COMPANY
(HITCHIN) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






KEATS WAY MANAGEMENT COMPANY
(HITCHIN) LIMITED (REGISTERED NUMBER: 01797068)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


KEATS WAY MANAGEMENT COMPANY
(HITCHIN) LIMITED (REGISTERED NUMBER: 01797068)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 349 412
Investment property 5 200,000 200,000
200,349 200,412

CURRENT ASSETS
Debtors 6 372 605
Cash at bank 42,579 45,416
42,951 46,021
CREDITORS
Amounts falling due within one year 7 5,246 6,458
NET CURRENT ASSETS 37,705 39,563
TOTAL ASSETS LESS CURRENT
LIABILITIES

238,054

239,975

PROVISIONS FOR LIABILITIES 8 44,588 44,588
NET ASSETS 193,466 195,387

CAPITAL AND RESERVES
Called up share capital 75 75
Revaluation reserve 9 149,719 149,719
Other reserves 43,672 45,593
SHAREHOLDERS' FUNDS 193,466 195,387

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

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

KEATS WAY MANAGEMENT COMPANY
(HITCHIN) LIMITED (REGISTERED NUMBER: 01797068)

BALANCE SHEET - continued
30 SEPTEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by:




S L Simpson - Director



M Taylor - Director


KEATS WAY MANAGEMENT COMPANY
(HITCHIN) LIMITED (REGISTERED NUMBER: 01797068)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Keats Way Management Company (Hitchin) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01797068

Registered office: Portmill House
Portmill Lane
Hitchin
Hertfordshire
SG5 1DJ

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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

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 - 15% 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.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

KEATS WAY MANAGEMENT COMPANY
(HITCHIN) LIMITED (REGISTERED NUMBER: 01797068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered in to. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2023
and 30 September 2024 1,862
DEPRECIATION
At 1 October 2023 1,450
Charge for year 63
At 30 September 2024 1,513
NET BOOK VALUE
At 30 September 2024 349
At 30 September 2023 412

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 200,000
NET BOOK VALUE
At 30 September 2024 200,000
At 30 September 2023 200,000

KEATS WAY MANAGEMENT COMPANY
(HITCHIN) LIMITED (REGISTERED NUMBER: 01797068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. INVESTMENT PROPERTY - continued

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2012 104,307
Valuation in 2014 10,000
Valuation in 2015 5,000
Valuation in 2016 15,000
Valuation in 2023 60,000
Cost 5,693
200,000

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

2024 2023
£    £   
Cost 5,693 5,693

The investment property was valued on an open market basis on 30 September 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 372 605

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 1,354 1,570
Other creditors 360 360
Accruals and deferred income 3,532 4,528
5,246 6,458

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 44,588 44,588

Deferred
tax
£   
Balance at 1 October 2023 44,588
Balance at 30 September 2024 44,588

KEATS WAY MANAGEMENT COMPANY
(HITCHIN) LIMITED (REGISTERED NUMBER: 01797068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 149,719