REGISTERED NUMBER: 04043357 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

MCKEOWN PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S Mckeown

SECRETARY:

Miss J E Moore

REGISTERED OFFICE:

St James' Hall

Mill Road

Lancing

West Sussex

BN15 0PT

REGISTERED NUMBER:

04043357 (England and Wales)

ACCOUNTANTS:

Peter Jarman LLP

trading as

Peter Jarman & Company

St James' Hall

Mill Road

Lancing

West Sussex

BN15 0PT

FIXED ASSETS

Tangible assets

4

7,227

7,745

Investments

5

564,879

551,690

572,106

559,435

CURRENT ASSETS

Debtors

6

13,827

9,876

Cash at bank

1,411

7,114

15,238

16,990

CREDITORS

Amounts falling due within one year

7

(269,019

)

(241,252

)

NET CURRENT LIABILITIES

(253,781

)

(224,262

)

TOTAL ASSETS LESS CURRENT LIABILITIES

318,325

335,173

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

318,323

335,171

SHAREHOLDERS' FUNDS

318,325

335,173

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2025 and were signed by:

Mr S Mckeown - Director

1.	STATUTORY INFORMATION

McKeown Properties 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 August 2024

13,341

3,350

14,823

31,514

Additions

1,473

-

-

1,473

At 31 July 2025

14,814

3,350

14,823

32,987

DEPRECIATION

At 1 August 2024

6,787

3,015

13,967

23,769

Charge for year

1,694

83

214

1,991

At 31 July 2025

8,481

3,098

14,181

25,760

NET BOOK VALUE

At 31 July 2025

6,333

252

642

7,227

At 31 July 2024

6,554

335

856

7,745

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 August 2024

551,690

Additions

13,189

At 31 July 2025

564,879

NET BOOK VALUE

At 31 July 2025

564,879

At 31 July 2024

551,690

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

13,827

9,876

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

269,019

241,252

8.	RELATED PARTY DISCLOSURES

Mckeown Properties Limited received a loan in the year totalling £40,038 from Lukie16 Limited, a company of which the sole director and shareholder of Mckeown Properties Limited is also sole director and shareholder. The amount outstanding at the year-end was £186,432..