The Keep Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01593934 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE KEEP LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M J Barber

C W Smith

G Konstantinidis

E D Barford

T P Trowles

S Turner

B Jappy

M Saw

A Fensome

A M Keech

SECRETARY:

P Shiladay

REGISTERED OFFICE:

The Keep

Bedford Road

Kempston

Bedfordshire

MK42 8AJ

REGISTERED NUMBER:

01593934 (England and Wales)

ACCOUNTANTS:

Thompsons Accountancy Services Ltd

2 Manor Farm Court Old Wolverton Road

Old Wolverton

Milton Keynes

Buckinghamshire

MK12 5NN

FIXED ASSETS

Tangible assets

5

586,633

594,418

Investment property

6

720,000

1,306,633

1,314,418

CURRENT ASSETS

Debtors

7

-

1,876

Cash at bank

223,791

183,866

223,791

185,742

CREDITORS

Amounts falling due within one year

8

57,030

39,480

NET CURRENT ASSETS

166,761

146,262

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,473,394

1,460,680

PROVISIONS FOR LIABILITIES

9

137,500

NET ASSETS

1,335,894

1,323,180

CAPITAL AND RESERVES

Allotted, called up and

fully paid share capital

60,000

Other reserves

10

569,162

551,474

Retained earnings

10

706,732

711,706

SHAREHOLDERS' FUNDS

1,335,894

1,323,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 23 September 2025 and were signed on its behalf by:

M J Barber - Director

G Konstantinidis - Director

1.	STATUTORY INFORMATION

The Keep 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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 the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

During the year the directors' decided to change the Accounting Policy and show the Freehold property at its true market value.

Freehold property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

COST OR VALUATION

At 1 January 2024

480,000

289,543

769,543

Additions

-

11,032

Disposals

-

(3,087

)

(3,087

)

At 31 December 2024

480,000

297,488

777,488

DEPRECIATION

At 1 January 2024

-

175,125

Charge for year

-

18,817

Eliminated on disposal

-

(3,087

)

(3,087

)

At 31 December 2024

-

190,855

NET BOOK VALUE

At 31 December 2024

480,000

106,633

586,633

At 31 December 2023

480,000

114,418

594,418

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

Valuation in 2022

220,000

-

220,000

Cost

260,000

297,488

557,488

480,000

297,488

777,488

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

2024

2023

£

Cost

260,000

The property was valued on an open market basis on 31 December 2024 by the directors .

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

720,000

NET BOOK VALUE

At 31 December 2024

720,000

At 31 December 2023

720,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2022

720,000

If property and improvements had not been revalued they would have been included at the following historical cost:

2024

2023

£

Cost

358,665

Aggregate depreciation

(53,380

)

(51,769

)

The property was valued on an open market basis on 31 December 2024 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

-

1,876

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other creditors

55,430

37,880

Accrued expenses

1,600

57,030

39,480

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

Other timing differences

137,500

Deferred

tax

£

Balance at 1 January 2024

137,500

Balance at 31 December 2024

137,500

10.

RESERVES

Retained

Other

earnings

reserves

Totals

£

At 1 January 2024

711,706

551,474

1,263,180

Profit for the year

12,714

Transfer to Other reserves

(17,688

)

17,688

-

At 31 December 2024

706,732

569,162

1,275,894

The purpose of the Other reserves is to provide a fund to meet unexpected liabilities.

11.	RELATED PARTY DISCLOSURES

During the year, various shareholder Masonic Lodges made voluntary contributions of £17,688 (2023 - £22,064) to assist with the upkeep of the property maintained by the company.