1 January 2024 v2025.83.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP063218822024-01-012024-12-31063218822024-12-31063218822023-12-3106321882core:WithinOneYear2024-12-3106321882core:WithinOneYear2023-12-3106321882core:AfterOneYear2024-12-3106321882core:AfterOneYear2023-12-3106321882core:ShareCapital2024-12-3106321882core:ShareCapital2023-12-3106321882core:RetainedEarningsAccumulatedLosses2024-12-3106321882core:RetainedEarningsAccumulatedLosses2023-12-3106321882bus:Director12024-01-012024-12-3106321882bus:RegisteredOffice2024-01-012024-12-3106321882core:OfficeEquipment2024-01-012024-12-3106321882core:FurnitureFittingsToolsEquipment2024-01-012024-12-3106321882core:PlantMachinery2024-12-3106321882core:PlantMachinery2024-01-0106321882core:PlantMachinery2024-01-012024-12-3106321882core:PlantMachinery2023-12-3106321882core:CostValuation2024-01-0106321882core:CostValuation2024-12-310632188212024-01-012024-12-31063218822023-01-012023-12-3106321882countries:EnglandWales2024-01-012024-12-3106321882bus:AuditExemptWithAccountantsReport2024-01-012024-12-3106321882bus:PrivateLimitedCompanyLtd2024-01-012024-12-3106321882bus:SmallEntities2024-01-012024-12-3106321882bus:FullAccounts2024-01-012024-12-31
Company registration number:
06321882
Keeling Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2024
Keeling Limited
Statement of Financial Position
31 December 2024
20242023
Note££
Fixed assets    
Tangible assets 5 -  
10
 
Investments 6
5
 
5
 
5
 
15
 
Current assets    
Debtors 7
227,373
 
246,899
 
Cash at bank and in hand
473
 
3,255
 
227,846
 
250,154
 
Creditors: amounts falling due within one year 8
(87,352
 )
(94,348
 )
Net current assets
140,494
 
155,806
 
Total assets less current liabilities 140,499   155,821  
Creditors: amounts falling due after more than one year 9
(93,854
 )
(106,459
 )
Provisions for liabilities -  
(2
 )
Net assets
46,645
 
49,360
 
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
46,644
 
49,359
 
Shareholders funds
46,645
 
49,360
 
For the year ending
31 December 2024
, 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 financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
16 December 2025
, and are signed on behalf of the board by:
Mr Thomas Alexander Keeling
Director
Company registration number:
06321882
Keeling Limited
Notes to the Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Deansfield House
,
98 Lancaster Road
,
Newcastle under Lyme
,
Staffordshire
,
ST5 1DS
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The entity has taken advantage of the option not to prepare consolidated
financial statements
contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
3 years straight line
Fixtures, fittings and equipment
25% straight line

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2023: nil).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2024
and
31 December 2024
6,473
 
Depreciation  
At
1 January 2024
6,463
 
Charge
10
 
At
31 December 2024
6,473
 
Carrying amount  
At
31 December 2024
 -  
At 31 December 2023
10
 

6 Investments

Shares in group undertakings and participating interests
£
Cost  
At
1 January 2024
5
 
At
31 December 2024
5
 
Impairment  
At
1 January 2024
and
31 December 2024
 -  
Carrying amount  
At
31 December 2024
5
 
At 31 December 2023
5
 

7 Debtors

20242023
££
Amounts owed by group undertakings and undertakings in which the company has a participating interest
227,360
 
246,860
 
Other debtors
13
 
39
 
227,373
 
246,899
 

8 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
10,397
 
10,140
 
Trade creditors -  
630
 
Amounts owed to group undertakings and undertakings in which the company has a participating interest
45,485
 
45,985
 
Taxation and social security -  
6,933
 
Other creditors
31,470
 
30,660
 
87,352
 
94,348
 

9 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
4,409
 
14,806
 
Other creditors
89,445
 
91,653
 
93,854
 
106,459
 

11 Controlling party

The company is under the control of Mr Thomas Alexander Keeling by virtue of his shareholding therein.