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Company No: 08915175 (England and Wales)

# KEELING NUTTALL LIMITED

### Unaudited Financial Statements
For the financial year ended 05 April 2025
Pages for filing with the registrar

KEELING NUTTALL LIMITED

## Unaudited Financial Statements

For the financial year ended 05 April 2025

Contents

KEELING NUTTALL LIMITED

## COMPANY INFORMATION

For the financial year ended 05 April 2025
KEELING NUTTALL LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 05 April 2025

DIRECTOR | J E A Keeling

REGISTERED OFFICE | 22 Chancery Lane
| London
| WC2A 1LS
| United Kingdom

COMPANY NUMBER | 08915175 (England and Wales)

KEELING NUTTALL LIMITED

## BALANCE SHEET

As at 05 April 2025
KEELING NUTTALL LIMITED

## BALANCE SHEET (continued)

As at 05 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investments | 3 | 5,551,084 |  | 5,410,374
|  | 5,551,084 |  | 5,410,374
Current assets |  |  |  |
Debtors | 4 | 0 |  | 927
Cash at bank and in hand |  | 42,343 |  | 115,757
|  | 42,343 |  | 116,684
Creditors: amounts falling due within one year | 5 | ( 3,832,170) |  | ( 3,613,610)
Net current liabilities |  | (3,789,827) |  | (3,496,926)
Total assets less current liabilities |  | 1,761,257 |  | 1,913,448
Provision for liabilities | 6 | ( 195,958) |  | ( 279,536)
Net assets |  | 1,565,299 |  | 1,633,912
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 1,565,199 |  | 1,633,812
Total shareholders' funds |  | 1,565,299 |  | 1,633,912

For the financial year ending 05 April 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 financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Keeling Nuttall Limited (registered number: 08915175) were approved and authorised for issue by the Director on 31 December 2025. They were signed on its behalf by:

J E A Keeling Director |

KEELING NUTTALL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2025
KEELING NUTTALL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Keeling Nuttall Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

The company's functional and presentational currency is Pounds Sterling (£).
Transactions in foreign currencies are translated to the functional currency of the company at exchange rates at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are retranslated to the functional currency at the foreign exchange rate at that date. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit or loss account.

##### Interest income

Interest on listed investments is accounted for on an accruals basis. Interest income on debt securities is recognised in income using the effective interest method.

##### Dividend income

Dividends are accounted for on an ex-dividend accruals basis.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include other debtors and cash and bank balances, are initially measured at transaction price including transaction costs. These assets are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, in which case the financial asset is measured at the present value of the future receipts discounted at market rate.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Loans and 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.
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.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year | 0 |  | 0

#### 3. Fixed asset investments

| Listed investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 06 April 2024 | 5,410,374 |  | 5,410,374
Additions | 2,507,700 |  | 2,507,700
Disposals | ( 2,227,618) |  | ( 2,227,618)
Movement in fair value | ( 139,372) |  | ( 139,372)
At 05 April 2025 | 5,551,084 |  | 5,551,084
Carrying value at 05 April 2025 | 5,551,084 |  | 5,551,084
Carrying value at 05 April 2024 | 5,410,374 |  | 5,410,374

The fair value of listed investments was determined with reference to the quoted market price at the reporting date. The cost of the shares on acquisition was £4,778,973 (2024 - £4,321,042).

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 0 |  | 927

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 1,262,695 |  | 1,080,230
Taxation and social security | 24,282 |  | 0
Other creditors | 2,545,193 |  | 2,533,380
| 3,832,170 |  | 3,613,610

Bank loans are secured by way of a fixed charge over the Company's assets.

#### 6. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 279,536) |  | ( 70,739)
Credited/(charged) to the Profit and Loss Account | 83,578 |  | ( 208,797)
At the end of financial year | ( 195,958) |  | ( 279,536)

#### 7. Financial commitments

Commitments

Capital commitments are as follows:

| 2025 |  | 2024
| £ |  | £
Contracted for but not provided for: |  |  |
Other | 314,723 |  | 540,945

#### 8. Related party transactions

Transactions with the entity's director

At the balance sheet date, £2,526,949 was due to entity's director (2024 - £2,516,119). The loan is interest free and repayable on demand.