Keate Property & Trading Co. Limited - Accounts to registrar (filleted)

KEATE PROPERTY & TRADING CO. LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I D Johnston

Mrs J D Luker

REGISTERED OFFICE:

Bank House

Mappleton

Ashbourne

Derbyshire

DE6 2AB

REGISTERED NUMBER:

01366756 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

FIXED ASSETS

Tangible assets

4

2,557

2,664

Investment property

5

5,610,000

5,612,557

5,612,664

CURRENT ASSETS

Debtors

6

60,205

39,606

Cash at bank

837,313

987,592

897,518

1,027,198

CREDITORS

Amounts falling due within one year

7

154,451

141,728

NET CURRENT ASSETS

743,067

885,470

TOTAL ASSETS LESS CURRENT LIABILITIES

6,355,624

6,498,134

PROVISIONS FOR LIABILITIES

9

826,900

NET ASSETS

5,528,724

5,671,234

CAPITAL AND RESERVES

Called up share capital

10

1,045

Revaluation reserve

11

3,971,764

Retained earnings

1,555,915

1,698,425

SHAREHOLDERS' FUNDS

5,528,724

5,671,234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by:

Mrs J D Luker - Director

1.	STATUTORY INFORMATION

Keate Property & Trading Co. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 April 2025

887

-

22,858

23,745

Additions

1,134

1,010

-

2,144

Disposals

-

(22,858

)

(22,858

)

At 31 March 2026

2,021

1,010

-

3,031

DEPRECIATION

At 1 April 2025

-

21,081

Charge for year

285

189

333

807

Eliminated on disposal

-

(21,414

)

(21,414

)

At 31 March 2026

285

189

-

474

NET BOOK VALUE

At 31 March 2026

1,736

821

-

2,557

At 31 March 2025

887

-

1,777

2,664

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

5,610,000

NET BOOK VALUE

At 31 March 2026

5,610,000

At 31 March 2025

5,610,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2026

5,610,000

If had not been revalued would have been included at the following historical cost:

2026

2025

£

Cost

1,638,236

The valuation of Investment Properties is based on the management's assessment of the fair value at each reporting date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

48,880

25,386

Other debtors

11,325

14,220

60,205

39,606

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

-

16,367

Taxation and social security

71,945

60,597

Other creditors

82,506

64,764

154,451

141,728

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

Within one year

6,159

Between one and five years

6,159

12,318

18,477

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

826,900

Deferred

tax

£

Balance at 1 April 2025

826,900

Balance at 31 March 2026

826,900

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

1,045

Ordinary Shares

£1.00

1,045

11.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

3,971,764