Company registration number 10228575 (England and Wales)
Keystoke Limited
Unaudited Financial Statements
For the year ended 30 June 2025
Keystoke Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7
Keystoke Limited
Statement of financial position
As at 30 June 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
2,250,000
2,250,000
Current assets
Debtors
5
283,355
357,586
Cash at bank and in hand
30,211
40,990
313,566
398,576
Creditors: amounts falling due within one year
6
(884,788)
(961,375)
Net current liabilities
(571,222)
(562,799)
Total assets less current liabilities
1,678,778
1,687,201
Creditors: amounts falling due after more than one year
7
(219,612)
(281,122)
Provisions for liabilities
(234,600)
(234,600)
Net assets
1,224,566
1,171,479
Capital and reserves
Called up share capital
1,000
1,000
Revaluation reserve
882,381
882,381
Profit and loss reserves
341,185
288,098
Total equity
1,224,566
1,171,479
Keystoke Limited
Statement of financial position (continued)
As at 30 June 2025
30 June 2025
- 2 -

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 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.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 December 2025 and are signed on its behalf by:
Mr G P Williams
Director
Company registration number 10228575 (England and Wales)
Keystoke Limited
Notes to the financial statements
For the year ended 30 June 2025
- 3 -
1
Accounting policies
Company information

Keystoke Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Glades, Festival Way, Festival Park, Stoke-on-Trent, Staffordshire, ST1 5SQ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% on cost
Motor vehicles
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Keystoke Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors, cash and bank balances and loans from connected companies, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

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 paymen ts 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.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Keystoke Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
1
Accounting policies
(Continued)
- 5 -

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Leases
As lessor

When the company acts as a lessor, a lease is classified as a finance lease whenever it transfers substantially all the risks and rewards of ownership of the underlying asset to the lessee, either at the end of the lease term or for the major part of the economic life of the asset. All other leases are classified as operating leases. If an arrangement contains both lease and non-lease components, the company allocates the consideration in the contract to the two elements.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.9

Turnover

Revenue from rentals of property are recognised when the amount of revenue can be measured reliably, it is probable that the economical benefits associated with the transactions will flow to the entity and the costs incurred in respect of the transaction can be measured reliably.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Keystoke Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
3
Tangible fixed assets
(Continued)
- 6 -
Computers
Motor vehicles
Total
£
£
£
Cost
At 1 July 2024
2,358
5,000
7,358
Disposals
-
0
(5,000)
(5,000)
At 30 June 2025
2,358
-
0
2,358
Depreciation and impairment
At 1 July 2024
2,358
5,000
7,358
Depreciation charged in the year
-
0
-
0
-
0
Eliminated in respect of disposals
-
0
(5,000)
(5,000)
At 30 June 2025
2,358
-
0
2,358
Carrying amount
At 30 June 2025
-
0
-
0
-
0
At 30 June 2024
-
0
-
0
-
0
4
Investment property
2025
£
Fair value
At 1 July 2024 and 30 June 2025
2,250,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out on 30th June 2024 by the Directors estimate. The directors deem there to have been no change to the valuation in the 2025 year. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
283,355
357,586
Keystoke Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
- 7 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
43,975
47,134
Taxation and social security
22,175
22,103
Other creditors
818,638
892,138
884,788
961,375
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
219,612
281,122
Creditors which fall due after five years are payable as follows:
Payable by instalments
22,184
78,716

The long-term bank loan is secured by fixed charges over Clarence House, a property owned by the business.

2025-06-30 2024-07-01 false false false 15 December 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr Gary Paul Williams Mrs Carol Ann Williams 10228575 2024-07-01 2025-06-30 10228575 2025-06-30 10228575 2024-06-30 10228575 core:CurrentFinancialInstruments 2025-06-30 10228575 core:CurrentFinancialInstruments 2024-06-30 10228575 core:Non-currentFinancialInstruments 2025-06-30 10228575 core:Non-currentFinancialInstruments 2024-06-30 10228575 core:ShareCapital 2025-06-30 10228575 core:ShareCapital 2024-06-30 10228575 core:RevaluationReserve 2025-06-30 10228575 core:RevaluationReserve 2024-06-30 10228575 core:RetainedEarningsAccumulatedLosses 2025-06-30 10228575 core:RetainedEarningsAccumulatedLosses 2024-06-30 10228575 bus:Director1 2024-07-01 2025-06-30 10228575 core:ComputerEquipment 2024-07-01 2025-06-30 10228575 core:MotorVehicles 2024-07-01 2025-06-30 10228575 2023-07-01 2024-06-30 10228575 core:ComputerEquipment 2024-06-30 10228575 core:MotorVehicles 2024-06-30 10228575 2024-06-30 10228575 core:ComputerEquipment 2025-06-30 10228575 core:MotorVehicles 2025-06-30 10228575 core:ComputerEquipment 2024-06-30 10228575 core:MotorVehicles 2024-06-30 10228575 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 10228575 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 10228575 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 10228575 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 10228575 bus:FRS102 2024-07-01 2025-06-30 10228575 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 10228575 bus:Director2 2024-07-01 2025-06-30 10228575 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP