KEASIM LIMITED


Directors	KEANE, Robert
	KEANE, Simon Paul


Company Secretary	KEANE, Simon Paul


Registered Address	Union House
	111 New Union Street
	Coventry
	CV1 2NT


Registered Number	06382275 (England and Wales)

Balance Sheet as at
31 October 2025

	Notes	2025		2024
		£	£	£	£
Called up share capital not paid			98		98
Fixed assets
Tangible assets	4		294,590		161,442
Investments	6		20		20
Investment property	5		10,377,864		6,481,863
			10,672,474		6,643,325
Current assets
Debtors	7,8	963,873		699,927
Cash at bank and on hand		482		1,620
		964,355		701,547
Creditors amounts falling due within one year	9	(58,246)		(136,941)
Net current assets (liabilities)			906,207		564,704
Total assets less current liabilities			11,578,681		7,208,029
Creditors amounts falling due after one year	10		(3,697,779)		(3,330,888)
Provisions for liabilities	11		(11,062)		(611)
Net assets			7,869,840		3,876,530
Capital and reserves
Called up share capital			100		100
Revaluation reserve			6,929,626		3,033,625
Profit and loss account			940,114		842,805
Shareholders' funds			7,869,840		3,876,530

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 30 July 2026, and are signed on its behalf by:

KEANE, Simon Paul
Director
Registered Company No. 06382275

KEASIM LIMITED

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Patents & licences 10% straight line

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Land and buildings	5
	Fixtures and fittings	5

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Investment property
	Investments are valued at fair value and not depreciated

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		2

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 November 24	1,440	1,440
At 31 October 25	1,440	1,440
Amortisation and impairment
At 01 November 24	1,440	1,440
At 31 October 25	1,440	1,440
Net book value
At 31 October 25	-	-
At 31 October 24	-	-

4.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 November 24	162,821	19,850	182,671
Revaluations	160,729	-	160,729
At 31 October 25	323,550	19,850	343,400
Depreciation and impairment
At 01 November 24	5,349	15,880	21,229
Charge for year	23,611	3,970	27,581
At 31 October 25	28,960	19,850	48,810
Net book value
At 31 October 25	294,590	-	294,590
At 31 October 24	157,472	3,970	161,442

5.	Investment property
	Revaluation completed by Graham& Sibbald on Malones, 242-244 Morrison Street, Edinburgh, EH3 8Dt & Malones, 57-59 Sauchiehall Lane, Glasgow, G2 4JD on the 2 September 2022


		£
	Fair value at 01 November 24	6,481,863
	Fair value adjustments	3,896,001
	At 31 October 25	10,377,864

6.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 November 24	20	20
At 31 October 25	20	20
Net book value
At 31 October 25	20	20
At 31 October 24	20	20

	Notes
	¹Investments in group undertakings and participating interests

7.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	19,196	9,950
Amounts owed by associates and joint ventures / participating interests	16,000	16,000
Other debtors	195,227	65,429
Prepayments and accrued income	19,227	1,701
Total	249,650	93,080

8.	Debtors: amounts due after one year

	2025	2024
	£	£
Other debtors	714,223	606,847
Total	714,223	606,847

9.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	15,450	31,931
Bank borrowings and overdrafts	-	89,990
Taxation and social security	11,557	4,619
Other creditors	30,039	9,202
Accrued liabilities and deferred income	1,200	1,199
Total	58,246	136,941


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

10.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	2,274,264	2,267,219
Other creditors	1,423,515	1,063,669
Total	3,697,779	3,330,888

11.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	11,062	611
Total	11,062	611