REGISTERED NUMBER: 02544155 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

KEEPCITY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M I Fix

D R Short

SECRETARY:

Mrs M C Short

REGISTERED OFFICE:

68 Highcliff Drive

Leigh-On-Sea

Essex

SS9 1DG

REGISTERED NUMBER:

02544155 (England and Wales)

ACCOUNTANTS:

Barnard Mountstephens Childs Limited

Chartered Certified Accountants

Victoria House

50 Alexandra Street

Southend-on-Sea

Essex

SS1 1BN

FIXED ASSETS

Tangible assets

4

2,996

3,217

Investments

5

5,990

-

Investment property

6

7,736,834

7,866,834

7,745,820

7,870,051

CURRENT ASSETS

Debtors

7

30,325

73,721

Cash at bank and in hand

25,161

36,087

55,486

109,808

CREDITORS

Amounts falling due within one year

8

317,931

656,780

NET CURRENT LIABILITIES

(262,445

)

(546,972

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,483,375

7,323,079

CREDITORS

Amounts falling due after more than one year

9

(1,766,677

)

(1,659,351

)

PROVISIONS FOR LIABILITIES

(825,965

)

(845,077

)

NET ASSETS

4,890,733

4,818,651

CAPITAL AND RESERVES

Called up share capital

12

100

100

Fair value reserve

13

3,262,858

3,452,476

Retained earnings

13

1,627,775

1,366,075

SHAREHOLDERS' FUNDS

4,890,733

4,818,651

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 Income Statement 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 R Short - Director

M I Fix - Director

1.	STATUTORY INFORMATION

Keepcity 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 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.

Office improvements

-

10% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Computer

improvements

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

8,147

7,087

6,145

21,379

Additions

-

510

-

510

At 31 March 2025

8,147

7,597

6,145

21,889

DEPRECIATION

At 1 April 2024

8,147

7,087

2,928

18,162

Charge for year

-

25

706

731

At 31 March 2025

8,147

7,112

3,634

18,893

NET BOOK VALUE

At 31 March 2025

-

485

2,511

2,996

At 31 March 2024

-

-

3,217

3,217

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31/3/25

31/3/24

£

£

Investments

5,990

-

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

7,866,834

Disposals

(235,000

)

Revaluations

105,000

At 31 March 2025

7,736,834

NET BOOK VALUE

At 31 March 2025

7,736,834

At 31 March 2024

7,866,834

Investment property was valued on an open market basis on 31st March 2025 by the directors.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Other debtors

30,325

73,721

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts (see note 10)

128,677

375,315

Corporation tax

54,144

67,189

Social security and other taxes

1,099

63

Other creditors

-

39,827

Directors' current accounts

123,705

163,851

Accrued expenses

10,306

10,535

317,931

656,780

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans (see note 10)

1,766,677

1,659,351

10.

LOANS

An analysis of the maturity of loans is given below:

31/3/25

31/3/24

£

£

Amounts falling due within one year or on demand:

Bank loans

128,677

375,315

Amounts falling due between two and five years:

Bank loans

1,766,677

1,659,351

11.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Bank loans

1,895,354

2,034,666

The bank loans are secured over various properties owned by the company.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

100

Ordinary

£1

100

100

13.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2024

1,366,075

3,452,476

4,818,551

Profit for the year

14,722

14,722

Dividends

(47,640

)

(47,640

)

Reclassification

189,618

(189,618

)

-

Revaluation

105,000

-

105,000

At 31 March 2025

1,627,775

3,262,858

4,890,633