Keate Property & Trading Co. Limited - Accounts to registrar (filleted)

KEATE PROPERTY & TRADING CO. LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I D Johnston

Ms J D Luker

REGISTERED OFFICE:

Bank House

Mappleton

Ashbourne

Derbyshire

DE6 2AB

REGISTERED NUMBER:

01366756 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

FIXED ASSETS

Tangible assets

4

2,664

2,370

Investment property

5

5,610,000

1,199,098

5,612,664

1,201,468

CURRENT ASSETS

Stocks

-

406,696

Debtors

6

39,606

19,874

Cash at bank

987,592

1,140,430

1,027,198

1,567,000

CREDITORS

Amounts falling due within one year

7

141,728

143,784

NET CURRENT ASSETS

885,470

1,423,216

TOTAL ASSETS LESS CURRENT LIABILITIES

6,498,134

2,624,684

PROVISIONS FOR LIABILITIES

9

826,900

-

NET ASSETS

5,671,234

2,624,684

CAPITAL AND RESERVES

Called up share capital

10

1,045

Revaluation reserve

11

3,971,764

-

Retained earnings

1,698,425

2,623,639

SHAREHOLDERS' FUNDS

5,671,234

2,624,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by:

Ms J D Luker - Director

1.	STATUTORY INFORMATION

Keate Property & Trading Co. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 April 2024

-

22,858

Additions

887

-

887

At 31 March 2025

887

22,858

23,745

DEPRECIATION

At 1 April 2024

-

20,488

Charge for year

-

593

At 31 March 2025

-

21,081

NET BOOK VALUE

At 31 March 2025

887

1,777

2,664

At 31 March 2024

-

2,370

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,209,715

Additions

439,138

Revaluations

3,961,147

At 31 March 2025

5,610,000

DEPRECIATION

At 1 April 2024

10,617

Revaluation adjustments

(10,617

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

5,610,000

At 31 March 2024

1,199,098

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

3,971,764

Cost

1,638,236

5,610,000

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

2025

2024

£

Cost

1,638,236

1,209,715

The valuation of Investment Properties is based on the management's assessment of the fair value at each reporting date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

25,386

15,934

Other debtors

14,220

3,940

39,606

19,874

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

16,367

108

Taxation and social security

60,597

69,977

Other creditors

64,764

73,699

141,728

143,784

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

6,159

-

Between one and five years

12,318

-

18,477

-

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

826,900

-

Deferred

tax

£

Provided during year

826,900

Balance at 31 March 2025

826,900

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1,045

Ordinary Shares

£1.00

1,045

11.

RESERVES

Revaluation

reserve

£

Revaluation

3,971,764

At 31 March 2025

3,971,764