Company registration number 04246052 (England and Wales)
KESTON INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
KESTON INVESTMENTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
KESTON INVESTMENTS LIMITED (REGISTERED NUMBER: 04246052)
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
500,000
475,000
Current assets
Debtors
5
300,000
300,000
Cash at bank and in hand
88,569
82,238
388,569
382,238
Creditors: amounts falling due within one year
6
(5,923)
(4,258)
Net current assets
382,646
377,980
Total assets less current liabilities
882,646
852,980
Provisions for liabilities
(59,811)
(55,061)
Net assets
822,835
797,919
Capital and reserves
Called up share capital
4
4
Non-distributable profits reserve
7
237,699
217,449
Distributable profit and loss reserves
585,132
580,466
Total equity
822,835
797,919

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

KESTON INVESTMENTS LIMITED (REGISTERED NUMBER: 04246052)
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 25 July 2025 and are signed on its behalf by:
Mr Brendan Mulreany
Director
KESTON INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Keston Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 78 Rareridge Lane, Bishops Waltham, Hampshire, SO32 1DX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. Investment property is not subject to depreciation.

 

Rent receivable from the investment property is recognised as other operating income over the lease term.

1.3
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

KESTON INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
4
Investment property
2025
£
Fair value
At 1 April 2024
475,000
Revaluations
25,000
At 31 March 2025
500,000

Investment property comprises one residential property. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties and at the directors' best estimate.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
300,000
300,000
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
4,613
2,952
Other creditors
1,310
1,306
5,923
4,258
KESTON INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
7
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
217,449
225,136
Non distributable profits in the year
20,250
(7,687)
At the end of the year
237,699
217,449
9
Director's loan

At the balance sheet date there was a participator loan outstanding of the value of £300,000. By virtue of Section 456 exception, there is no Section 455 CTA 2010 charge applied in the corporation tax computation and CT600 return.

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