Company Registration No. 12190873 (England and Wales)
Keops Construction Ltd
Unaudited accounts
for the year ended 30 September 2024
Keops Construction Ltd
Unaudited accounts
Contents
Keops Construction Ltd
Company Information
for the year ended 30 September 2024
Company Number
12190873 (England and Wales)
Registered Office
Capital Office
124-128 City Road
London
London
EC1V 2NX
England
Accountants
Tax Accountant | Specialist Tax Consultancy
3 Brindley Place
Birmingham
West Midlands
B1 2JB
Keops Construction Ltd
Statement of financial position
as at 30 September 2024
Inventories
350,000
525,000
Cash at bank and in hand
51,443
-
Creditors: amounts falling due within one year
(6,098)
(117,248)
Net current assets
395,345
407,752
Net assets
395,345
407,752
Called up share capital
10
10
Revaluation reserve
420,000
420,000
Fair value reserve
(140,000)
-
Profit and loss account
115,335
(12,258)
Shareholders' funds
395,345
407,752
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 August 2025 and were signed on its behalf by
Malcolm LEE
Director
Company Registration No. 12190873
Keops Construction Ltd
Notes to the Accounts
for the year ended 30 September 2024
Keops Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 12190873. The registered office is Capital Office, 124-128 City Road, London, London, EC1V 2NX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories are stated at the lower of cost and net realisable value in accordance with FRS 102, Section 13 “Inventories”. Cost comprises all costs of purchase and other costs incurred in bringing the inventories to their present location and condition. Net realisable value represents the estimated selling price less costs to complete and sell.
Land held for development and future construction projects is included within inventories. Such land is classified as inventory, rather than as investment property, because it is held for use in the Company’s ordinary activities of property development and construction (per FRS 102, Section 16 “Investment Property”).
The Directors consider the carrying value of the land to be supported by an independent valuation prepared by Dacre, Son & Hartley, Registered Office: 1–5 The Grove, Ilkley, West Yorkshire, LS29 9HS, in accordance with the RICS Valuation – Professional Standards (“Red Book”).
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Keops Construction Ltd
Notes to the Accounts
for the year ended 30 September 2024
KEOPS CONSTRUCTION LTD is ordinarily viewed as continuing in business for the foreseeable future with neither the intention nor the necessity of liquidation, ceasing trading or seeking protection from creditors pursuant to laws or regulations.
Finished goods
350,000
525,000
The inventory of the Company consists of land held for development and future construction projects. In accordance with FRS 102, Section 13 “Inventories”, inventories are stated at the lower of cost and net realisable value.
Cost comprises the purchase price of the land and directly attributable costs incurred in bringing the land to its present condition for intended use. Net realisable value represents the estimated selling price less costs to complete and sell.
The land is intended for use in the Company’s property development activities and is therefore classified as inventory rather than investment property (per FRS 102, Section 16 “Investment Property”).
The Directors consider the carrying value of the land at the balance sheet date to be supported by an independent valuation prepared by Dacre, Son & Hartley, Registered Office: 1–5 The Grove, Ilkley, West Yorkshire, LS29 9HS. The valuation was carried out in accordance with the RICS Valuation – Professional Standards (“Red Book”) and reflects the market value of the land at the reporting date.
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
98
117,248
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).