ACCOUNTS - Final Accounts

Registered number: 10682146

KEKEKA LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

KEKEKA LIMITED

REGISTERED NUMBER: 10682146

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investment property	4		1,500,000		1,600,000
Current assets
Debtors: amounts falling due within one year	5	14,532		42,238
Cash at bank and in hand		621		61,142
		15,153		103,380
Creditors: amounts falling due within one year	6	(1,326,678)		(1,402,618)
Net current liabilities			(1,311,525)		(1,299,238)
Total assets less current liabilities			188,475		300,762

Net assets			188,475		300,762

Capital and reserves
Called up share capital		100	100
Fair value reserve	7	267,409	367,409
Profit and loss account	7	(79,034)	(66,747)
		188,475	300,762

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KEKEKA LIMITED

REGISTERED NUMBER: 10682146

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

O B Akkol

Director

Date: 24 December 2025

The notes on pages 3 to 6 form part of these financial statements.

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KEKEKA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Kekeka Limited is a private company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is 24 Old Bond Street, London, W1S 4AP. The registered number is 10682146.

The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The director considers that the resources available to the company will be sufficient for it to be able to continue as a going concern on the basis of the continued support in the form of a loan from the director. The director has confirmed that this support will not withdrawn and believes that the financial statements do not contain any adjustments that would be required if the company were not able to continue as a going concern.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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KEKEKA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.

Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

2.5

Investment property

Investment property is carried at fair value determined annually by a director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

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KEKEKA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 3).

4.	Investment property

		Long term leasehold investment property
		£
	Valuation
	At 1 January 2024	1,600,000
	Deficit on revaluation	(100,000)
	At 31 December 2024	1,500,000

The 2024 valuations were made by a director, on an open market value for existing use basis.

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2024	2023
	£	£

Historic cost

1,232,591

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KEKEKA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£

Trade debtors	-	28,062
Other debtors	9,600	9,600
Prepayments and accrued income	4,932	4,576
	14,532	42,238

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	14,432	-
Other creditors	1,307,262	1,367,262
Accruals and deferred income	4,984	35,356
	1,326,678	1,402,618

Reserves

Fair value reserve

The fair value reserve represents undistributable reserves arising from fair value movements of investment property, net of deferred tax.

Profit and loss account

The profit and loss represents cumulative profit and loss net of dividends and any other adjustments.

8.	Related party transactions
	During the year the company operated a loan account with a director. As at the year end, the amount owed to the director totalled £1,297,662 (2023 - £1,357,662). The loan is interest free and repayable on demand.

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