Keevil & Co Properties Ltd
(Registration number: 12985736)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	585,000	585,000
Current assets
Debtors due after more than one year		371,590	371,590
Debtors	5	3,630	28,868
Cash at bank and in hand		51,424	21,197
		426,644	421,655
Creditors: Amounts falling due within one year	6	(3,430)	(16,883)
Net current assets		423,214	404,772
Total assets less current liabilities		1,008,214	989,772
Creditors: Amounts falling due after more than one year	6	(322,734)	(310,987)
Net assets		685,480	678,785
Capital and reserves
Called up share capital		660,003	660,003
Retained earnings		25,477	18,782
Shareholders' funds		685,480	678,785

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

Director's 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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 December 2025
 

......................................... Mr P Keevil Director

Keevil & Co Properties Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
The Old College Main Street
Elmley Castle
Pershore
Worcs
WR10 3HS
England

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of rental 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment proerty is carried at fair value, derived from the current market prices for comparable real estate determined annually by directors. Changes in fair value are recognised in profit or loss

Keevil & Co Properties Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Keevil & Co Properties Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4	Investment properties

	2025 £
At 1 April	585,000
At 31 March	585,000

There has been no valuation of investment property by an independent valuer.

5

Debtors

	Note	2025 £	2024 £
Amounts owed by related parties	8	3,002	22,833
Prepayments		628	562
Other debtors		-	5,473
		3,630	28,868

Non-current	Note	2025 £	2024 £
Amounts owed by related parties	8	371,590	371,590
		371,590	371,590

Keevil & Co Properties Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	-	11,748
Taxation and social security		1,570	1,925
Accruals and deferred income		1,860	3,210
		3,430	16,883

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	322,734	310,987

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	11,748

8	Related party transactions

Transactions with the director

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
Mr P Keevil
Interest bearing loan	22,831	3,000	(22,831)	3,000

2024	At 1 April 2023 £	Advances to director £	At 31 March 2024 £
Mr P Keevil
Interest bearing loan	(1,999)	24,830	22,831

Keevil & Co Properties Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Summary of transactions with other related parties

Keevil & Co Properties Ltd has entered into an unsecured loan agreement with P & S Keevil Properties Ltd, a company jointly controlled by Mr P Keevil.

At the end of the year, the loan balance owed to the company by P & S Keevil Properties Ltd is £371,590. No payments had been made to pay off this loan. This balance is shown within debtors due after more than one year.