Registration number: 01067672

Keith Faulkner Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Keith Faulkner Limited

Company Information

Directors

Mr K M Faulkner Mrs L Faulkner

Registered office

Park Garage Macclesfield Street Burslem Stoke On Trent Staffordshire ST6 1HA

Accountants

Howsons Chartered Accountants Winton House Stoke Road Stoke on Trent Staffordshire ST4 2RW

Keith Faulkner Limited

(Registration number: 01067672)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	744	1,058
Investment property	5	225,000	225,000
		225,744	226,058
Current assets
Debtors	6	3,805	1,569
Cash at bank and in hand		130,512	134,757
		134,317	136,326
Creditors: Amounts falling due within one year	7	(56,186)	(49,923)
Net current assets		78,131	86,403
Total assets less current liabilities		303,875	312,461
Creditors: Amounts falling due after more than one year	7	(9,520)	(9,520)
Provisions for liabilities		(141)	(201)
Net assets		294,214	302,740
Capital and reserves
Called up share capital		100	100
Other reserves		210,249	210,249
Retained earnings		83,865	92,391
Shareholders' funds		294,214	302,740

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A - small entities.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Keith Faulkner Limited

(Registration number: 01067672)
Balance Sheet as at 31 May 2025

Approved and authorised by the Board on 15 September 2025 and signed on its behalf by:
 

......................................... Mrs L Faulkner Director

Keith Faulkner Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
Park Garage
Macclesfield Street
Burslem
Stoke On Trent
Staffordshire
ST6 1HA

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Keith Faulkner Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Asset class	Depreciation method and rate
Plant and Machinery	25% Reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by internal valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Keith Faulkner Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4	Tangible assets

	Other property, plant and equipment  £	Office equipment £	Total £
Cost or valuation
At 1 June 2024	135,412	6,174	141,586
At 31 May 2025	135,412	6,174	141,586
Depreciation
At 1 June 2024	134,954	5,574	140,528
Charge for the year	114	200	314
At 31 May 2025	135,068	5,774	140,842
Carrying amount
At 31 May 2025	344	400	744
At 31 May 2024	458	600	1,058

5	Investment properties

	2025 £
At 1 June 2024 & at 31 May 2025	225,000