Keegan Watch Ltd 16331385 false 2025-03-20 2026-03-31 2026-03-31 The principal activity of the company is Manufacture of watches and clocks Digita Accounts Production Advanced 6.30.9574.0 true true 16331385 2025-03-20 2026-03-31 16331385 2026-03-31 16331385 core:CurrentFinancialInstruments 2026-03-31 16331385 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 16331385 core:FurnitureFittings 2026-03-31 16331385 bus:SmallEntities 2025-03-20 2026-03-31 16331385 bus:AuditExemptWithAccountantsReport 2025-03-20 2026-03-31 16331385 bus:FilletedAccounts 2025-03-20 2026-03-31 16331385 bus:SmallCompaniesRegimeForAccounts 2025-03-20 2026-03-31 16331385 bus:RegisteredOffice 2025-03-20 2026-03-31 16331385 bus:Director1 2025-03-20 2026-03-31 16331385 bus:PrivateLimitedCompanyLtd 2025-03-20 2026-03-31 16331385 core:FurnitureFittings 2025-03-20 2026-03-31 16331385 core:FurnitureFittingsToolsEquipment 2025-03-20 2026-03-31 16331385 countries:AllCountries 2025-03-20 2026-03-31 iso4217:GBP xbrli:pure

Registration number: 16331385

Keegan Watch Ltd
Annual Report and Unaudited Financial Statements
for the Period from 20 March 2025 to 31 March 2026

Keegan Watch Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Keegan Watch Ltd

Company Information

Director | Miss K Keegan

Registered office | 73 Clarkes Crescent Eccleston St. Helen's WA10 5EA

Accountants | Rotherham Taylor Limited 21 Navigation Business Village Navigation Way Ashton-on-Ribble Preston PR2 2YP

Keegan Watch Ltd

(Registration number: 16331385)
Balance Sheet as at 31 March 2026

| Note | 2026 £
Fixed assets |  |
Tangible assets | 4 | 178
Current assets |  |
Debtors | 5 | 161
Cash at bank and in hand |  | 661
|  | 822
Creditors: Amounts falling due within one year | 6 | (3,084)
Net current liabilities |  | (2,262)
Net liabilities |  | (2,084)
Capital and reserves |  |
Called up share capital |  | 100
Retained earnings |  | (2,184)
Shareholders' deficit |  | (2,084)

For the financial period ending 31 March 2026 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 accounts for the period in question in accordance with section 476; and
• | The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 July 2026

......................................... Miss K Keegan Director |  |

Keegan Watch Ltd

Notes to the Unaudited Financial Statements for the Period from 20 March 2025 to 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
73 Clarkes Crescent
Eccleston
St. Helen's
WA10 5EA
United Kingdom

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis on account of assurances given by the director that they will continue to provide support to the company to meet its financial obligations for the foreseeable future.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Keegan Watch Ltd

Notes to the Unaudited Financial Statements for the Period from 20 March 2025 to 31 March 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 20% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
A deferred tax asset has not been recognised due to the uncertainty of the timing of future profits. Had such an asset been recognised the value would have been £347 at the period end date.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Keegan Watch Ltd

Notes to the Unaudited Financial Statements for the Period from 20 March 2025 to 31 March 2026

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.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

Keegan Watch Ltd

Notes to the Unaudited Financial Statements for the Period from 20 March 2025 to 31 March 2026

4 | Tangible assets

| Fixtures and fittings £ | Total £
Cost or valuation
Additions | 222 | 222
At 31 March 2026 | 222 | 222
Depreciation
Charge for the period | 44 | 44
At 31 March 2026 | 44 | 44
Carrying amount
At 31 March 2026 | 178 | 178

5 | Debtors

| 2026 £
Trade debtors | 140
Prepayments | 21
| 161

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £
Due within one year |  |
Loans and borrowings | 7 | 1,524
Accruals and deferred income |  | 1,560
|  | 3,084

7 | Loans and borrowings

Current loans and borrowings

| 2026 £
Director's loan account | 1,524

The director's loan account is non interest bearing and has no formal repayment terms.