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REGISTERED NUMBER: 00501655 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

KEITH POPLE LIMITED

KEITH POPLE LIMITED (REGISTERED NUMBER: 00501655)

Contents of the Financial Statements

FOR THE YEAR ENDED 31 JANUARY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

KEITH POPLE LIMITED

Company Information

FOR THE YEAR ENDED 31 JANUARY 2025

| DIRECTORS: | N J Pople

| R C Pople

| D J Pople

| C J Pople

| REGISTERED OFFICE: | Suite 302

| 179 Whiteladies Road

| Clifton

| Bristol

| BS8 2AG

| REGISTERED NUMBER: | 00501655 (England and Wales)

| ACCOUNTANTS: | Gravita

| Chartered Accountants

| Bath House

| 6 - 8 Bath Street

| Bristol

| BS1 6HL

KEITH POPLE LIMITED (REGISTERED NUMBER: 00501655)

Balance Sheet

31 JANUARY 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 5 | 10,931 |  | 4,229 |  |

Investments | 6 | 8,645,993 |  | 8,472,474 |  |

Cash at bank | 37,055 |  | 74,381 |  |

8,693,979 |  | 8,551,084 |  |

CREDITORS

Amounts falling due within one year | 7 | (28,396 | ) | (10,763 | ) |

NET CURRENT ASSETS | 8,665,583 |  | 8,540,321 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,665,583 |  | 8,540,321 |  |

PROVISIONS FOR LIABILITIES | (641,355 | ) | (539,424 | ) |

NET ASSETS | 8,024,228 |  | 8,000,897 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 110,000 |  | 110,000 |  |

Investments fair value reserve | 1,924,532 |  | 1,622,594 |  |

Retained earnings | 5,989,696 |  | 6,268,303 |  |

SHAREHOLDERS' FUNDS | 8,024,228 |  | 8,000,897 |  |

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

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

KEITH POPLE LIMITED (REGISTERED NUMBER: 00501655)

Balance Sheet - continued

31 JANUARY 2025

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2025 and were signed on its behalf by:

D J Pople - Director

KEITH POPLE LIMITED (REGISTERED NUMBER: 00501655)

Notes to the Financial Statements

FOR THE YEAR ENDED 31 JANUARY 2025

1. | COMPANY INFORMATION

| Keith Pople 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 company's principal activities and nature of its operations are disclosed in the Directors' Report.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

| The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

| Going concern

| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

| Significant judgements and estimates

| Estimates and judgements are inherent in the preparation of financial statements. The directors consider that in respect of these financial statements, the valuations of the company's properties is the most significant.

| Turnover

| Turnover represents income receivable from the letting of commercial and residential properties, net of VAT.

| 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.

| Short leasehold investment property | - | in accordance with the lease

| Investment property

| Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

| Cash and cash equivalents

| Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

KEITH POPLE LIMITED (REGISTERED NUMBER: 00501655)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 JANUARY 2025

2. | ACCOUNTING POLICIES - continued

| Basic financial assets

| Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| Basic financial liabilities

| Basic financial liabilities, including trade and other creditors 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 payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

| Taxation

| The tax expense represents the sum of the current tax expense and deferred tax expense. Current tax assets are recognised when tax paid exceeds the tax payable. Current and deferred tax is charged or credited to the profit and loss account, except when it relates to items charged or credited to other comprehensive income or equity, when the tax follows the transaction or event it relates to and is also charged or credited to other comprehensive income, or equity. Current tax assets and current tax liabilities and deferred tax assets and deferred tax liabilities are offset, if and only if, there is a legally enforceable right to set off the amounts and the entity intends either to settle on the net basis or to realise the asset and settle the liability simultaneously.

| Current tax is based on taxable profit for the year. Current tax assets and liabilities are measured using tax rates that have been enacted or substantively enacted by the reporting period.

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements, are recognised when they arise.

| Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit or loss account in the period to which they relate.

| Investments

| Investments in shares are included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the investments are sold.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 5 ) .

KEITH POPLE LIMITED (REGISTERED NUMBER: 00501655)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 JANUARY 2025

4. | TANGIBLE FIXED ASSETS

| Short

| leasehold

| investment

| property

£ |

| COST

| At 1 February 2024

| and 31 January 2025 | 120,000 |  |

| DEPRECIATION

| At 1 February 2024

| and 31 January 2025 | 120,000 |  |

| NET BOOK VALUE

| At 31 January 2025 | - |  |

| At 31 January 2024 | - |  |

| The short leasehold investment properties were valued by the directors at 31 January 2025.

| The original historical cost of the leasehold investment properties held at 31 January 2025 was £30,257 (2024 - £30,257).

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 5,679 |  | - |  |

| Other debtors | - |  | 469 |  |

| Tax | 5,252 |  | 3,760 |  |

10,931 |  | 4,229 |  |

6. | CURRENT ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Listed investments | 8,645,993 |  | 8,472,474 |  |

| The historical value of the listed investments at 31 January 2025 was £5,999,676 (2024 - £6,268,775).

KEITH POPLE LIMITED (REGISTERED NUMBER: 00501655)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 JANUARY 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Tax | 17,832 |  | - |  |

| Social security and other taxes | 420 |  | 213 |  |

| Other creditors | 3,022 |  | 3,770 |  |

| Accrued expenses | 7,122 |  | 6,780 |  |

28,396 |  | 10,763 |  |

| Included within other creditors is £81 of unpaid pension contributions (2024 - £81).

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 110,000 | Ordinary | £1 | 110,000 |  | 110,000 |  |

9. | ULTIMATE CONTROLLING PARTY

| The controlling party is not known.