Keegan Property Management Limited 05099184 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is property investment Digita Accounts Production Advanced 6.30.9574.0 true true 05099184 2024-04-01 2025-03-31 05099184 2025-03-31 05099184 bus:OrdinaryShareClass1 2025-03-31 05099184 core:CurrentFinancialInstruments 2025-03-31 05099184 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 05099184 core:Non-currentFinancialInstruments 2025-03-31 05099184 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 05099184 core:MoreThanFiveYears 2 2025-03-31 05099184 core:FurnitureFittingsToolsEquipment 2025-03-31 05099184 bus:SmallEntities 2024-04-01 2025-03-31 05099184 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05099184 bus:FilletedAccounts 2024-04-01 2025-03-31 05099184 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05099184 bus:RegisteredOffice 2024-04-01 2025-03-31 05099184 bus:Director1 2024-04-01 2025-03-31 05099184 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 05099184 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05099184 bus:Agent1 2024-04-01 2025-03-31 05099184 core:OtherMiscellaneousReserve core:LandBuildings 2024-04-01 2025-03-31 05099184 core:RetainedEarningsAccumulatedLosses core:LandBuildings 2024-04-01 2025-03-31 05099184 countries:EnglandWales 2024-04-01 2025-03-31 05099184 2024-03-31 05099184 core:FurnitureFittingsToolsEquipment 2024-03-31 05099184 2023-04-01 2024-03-31 05099184 2024-03-31 05099184 bus:OrdinaryShareClass1 2024-03-31 05099184 core:CurrentFinancialInstruments 2024-03-31 05099184 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05099184 core:Non-currentFinancialInstruments 2024-03-31 05099184 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 05099184 core:MoreThanFiveYears 2 2024-03-31 05099184 core:OtherMiscellaneousReserve core:LandBuildings 2023-04-01 2024-03-31 05099184 core:RetainedEarningsAccumulatedLosses core:LandBuildings 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05099184

Keegan Property Management Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Keegan Property Management Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Keegan Property Management Limited

Company Information

Director | A Keegan

Registered office | C/O Goodridge Accountants Limited Suite 3 109 Bancroft Hitchin Hertfordshire United Kingdom SG5 1NB

Accountants | Goodridge Accountants Limited Chartered CertifiedSuite 3 109 Bancroft Hitchin Herts SG5 1NB

Keegan Property Management Limited

(Registration number: 05099184)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 5 | 197,000 | 230,000
Current assets |  |  |
Debtors | 6 | 1,116 | 1,165
Cash at bank and in hand |  | 22,300 | 22,055
|  | 23,416 | 23,220
Creditors: Amounts falling due within one year | 7 | (66,541) | (66,313)
Net current liabilities |  | (43,125) | (43,093)
Total assets less current liabilities |  | 153,875 | 186,907
Creditors: Amounts falling due after more than one year | 7 | (106,126) | (106,061)
Provisions for liabilities |  | (14,287) | (20,139)
Net assets |  | 33,462 | 60,707
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Other reserves |  | 45,101 | 72,248
Retained earnings |  | (11,739) | (11,641)
Shareholders' funds |  | 33,462 | 60,707

Keegan Property Management Limited

(Registration number: 05099184)
Balance Sheet as at 31 March 2025

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 her 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 5 December 2025

......................................... A Keegan Director

Keegan Property Management Limited

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:
C/O Goodridge Accountants Limited
Suite 3
109 Bancroft
Hitchin
Hertfordshire
SG5 1NB
United Kingdom

The principal place of business is:
39 West Court Road
Worthing
BN14 7DP
United Kingdom

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.

Thes financial statements have been prepared in British pounds and rounded to the nearest whole pound.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of 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.

Keegan Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises deferred 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.

Deferred tax is recognised on all timing differences at the reporting date between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. Changes in fair value are recognised in profit or loss. Deferred taxation is provided on revaluation surpluses at the rate expected to apply when the property is sold.

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.

3 | Staff numbers

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

Keegan Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2024 | 5,607 | 5,607
At 31 March 2025 | 5,607 | 5,607
Depreciation
At 1 April 2024 | 5,607 | 5,607
At 31 March 2025 | 5,607 | 5,607
Carrying amount
At 31 March 2025 | - | -

5 | Investment properties

| 2025 £
At 1 April | 230,000
Fair value adjustments | (33,000)
At 31 March | 197,000

Investment properties are measured at fair value. Changes in fair value are recognised in profit or loss. The investment properties were valued at fair value by the director Ms A Keegan on 31 March 2025 based on the open market value of the properties. No depreciation is charged in respect of investment property as the property is held for investment rather than consumption the director considers adoption of this policy as necessary to give a true and fair view.Investment properties have a fair vale of £197,000 (2024- £230,000) and an historical cost of £139,854 (2019 -£139,854). The accumulated depreciation is £nil (2019 -£nil)

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

Impairment of investment property

The amount of impairment loss included in profit or loss is £33,000 (2024 - £Nil). The amount of reversal of impairment recognised in profit or loss is £Nil (2024 - £30,000). The investment property has been measured at fair value, changes in fair value have been recognised in profit and loss. The Fair value adjustment has resulted in a reversal of the imparement loss for the previous period.

Keegan Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 316 | 365
Other debtors | 800 | 800
| 1,116 | 1,165

Keegan Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Accruals and deferred income | 1,233 | 1,233
Other creditors | 65,308 | 65,080
| 66,541 | 66,313

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 106,126 | 106,061

| 2025 £ | 2024 £
Due after more than five years |  |
After more than five years not by instalments | 106,126 | 106,061

| - | -

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100

9 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

| Non-distributable reserve £ | Retained earnings £
Surplus/deficit on property, plant and equipment revaluation | (27,147) | 27,147

Keegan Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

| Non-distributable reserve £ | Retained earnings £
Surplus/deficit on property, plant and equipment revaluation | (11,111) | 11,111

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 106,126 | 106,061

Included in the loans and borrowings are the following amounts due after more than five years:

Borrowings due after five years

The long term loan is repayable at the end of the term and is secured by a fixed charge against the investment property.