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Keep&Co LTD
Notes to the Financial Statements
For the Period Ended 30 September 2024
The company was incorporated on 17 February 2023.
The company was dormant and has not traded during the period.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.
The address of its registered office is Stanmer House, Stanmer Village, Brighton, East Sussex, BN1 9QA.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its
liabilities. Where shares are issued, any component that creates a financial liability of the company is
presented as a liability in the balance sheet. The corresponding dividends relating to the liability
component are chrged as an interest expense in the profit and loss account.
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