Keyborne Capital Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	15% on reducing balance
Fixtures & Fittings	15% on reducing balance
Computer Equipment	15% on reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Keyborne Capital Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Intangible Assets

	Other
	£
Cost
As at 1 March 2025	17,045

As at 28 February 2026	17,045

Net Book Value
As at 28 February 2026	17,045

As at 1 March 2025	17,045

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Keyborne Capital Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

5. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 March 2025	253,583	1,097	5,030	259,710
Additions	-	-	457	457
Disposals	(253,583 )	-	-	(253,583 )

As at 28 February 2026	-	1,097	5,487	6,584

Depreciation
As at 1 March 2025	97,851	523	1,815	100,189
Provided during the period	-	86	551	637
Disposals	(97,851 )	-	-	(97,851 )

As at 28 February 2026	-	609	2,366	2,975

Net Book Value
As at 28 February 2026	-	488	3,121	3,609

As at 1 March 2025	155,732	574	3,215	159,521

6. Investments

	Unlisted	Other	Total
	£	£	£
Cost or Valuation
As at 1 March 2025	20,575	100,000	120,575
Additions	53	240	293
Disposals	(375 )	(50,000 )	(50,375 )
Revaluations	-	9,790	9,790

As at 28 February 2026	20,253	60,030	80,283

Provision
As at 1 March 2025	-	-	-

As at 28 February 2026	-	-	-

Net Book Value
As at 28 February 2026	20,253	60,030	80,283

As at 1 March 2025	20,575	100,000	120,575

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Keyborne Capital Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

Urban & Provincial Ltd

Registered office: Thomas Glover House, 3 Weaver Walk, London, SE27 0TT