T Keegan Ltd - Filleted accounts

Registered number

11355342

T Keegan Ltd

Filleted Accounts

31 May 2025

T Keegan Ltd
Registered number:		11355342
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		42,500			42,500
Investments	4		30			30
			42,530			42,530

Current assets
Debtors	5	52,102			58,681
Cash at bank and in hand		1,444			1,047
		53,546			59,728

Creditors: amounts falling due within one year	6	(26,012)			(32,475)

Net current assets			27,534			27,253

Total assets less current liabilities			70,064			69,783

Creditors: amounts falling due after more than one year	7		(32,123)			(32,123)



Net assets			37,941			37,660

Capital and reserves
Called up share capital			1			1
Profit and loss account			37,940			37,659

Shareholder's funds			37,941			37,660

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Toby Keegan
Director
Approved by the board on 25 July 2025

T Keegan Ltd
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	over 3 years

	Freehold investment property
	Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account. No depreciation is provided in respect of investment properties.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 June 2024	42,500		2,044		44,544
	At 31 May 2025	42,500		2,044		44,544

	Depreciation
	At 1 June 2024	-		2,044		2,044
	At 31 May 2025	-		2,044		2,044

	Net book value
	At 31 May 2025	42,500		-		42,500
	At 31 May 2024	42,500		-		42,500


4	Investments

Other
investments
£
	Cost
	At 1 June 2024					30

	At 31 May 2025					30


5	Debtors			2025		2024
£					£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest			17,627		15,047
	Other debtors			34,475		43,634
				52,102		58,681


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest			25,568		31,987
	Taxation and social security costs			184		228
	Other creditors			260		260
				26,012		32,475


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			32,123		32,123


8	Other information

	T Keegan Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Sandfield Farm
	Simon Lane
	Middleton
	M24 4SF