Registration number: 11078498

Keystone Financial Management Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Keystone Financial Management Limited

(Registration number: 11078498)
Balance Sheet as at 31 March 2026

	Note	2026 £		2025 £
Fixed assets
Intangible assets	4		334,250		357,000
Tangible assets	5		3,316		3,274
			337,566		360,274
Current assets
Debtors	6	-		5,000
Cash at bank and in hand		7,648		2,850
		7,648		7,850
Creditors: Amounts falling due within one year	7	(161,295)		(109,635)
Net current liabilities			(153,647)		(101,785)
Total assets less current liabilities			183,919		258,489
Creditors: Amounts falling due after more than one year	7		(157,884)		(197,711)
Provisions for liabilities			(677)		(799)
Net assets			25,358		59,979
Capital and reserves
Called up share capital	9	200		200
Retained earnings		25,158		59,779
Shareholders' funds			25,358		59,979

Keystone Financial Management Limited

(Registration number: 11078498)
Balance Sheet as at 31 March 2026

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 his 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 and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 September 2026
 

......................................... Mr D Wilkinson Director

Keystone Financial Management Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 31 March 2026

1	General information

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

The address of its registered office is:
The International Development Centre
Valley Drive
Ilkley
LS29 8AL

These financial statements were authorised for issue by the director on 25 September 2026.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including the disclosure and presentation requirements of Section 1A and the Companies Act 2006.

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.

The company's functional and presentation currency is pound sterling.

Disclosure of long or short period

The financial statements have been extended for the period 01 March 2025 to 31 March 2026. The long period is to align the the year end with the tax year end.

Going concern

The financial statements have been prepared on a going concern basis.

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 value added tax.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Keystone Financial Management Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 31 March 2026

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.

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
Plant and equipment	25% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Over 20 years

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Keystone Financial Management Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 31 March 2026

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, 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 for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
 

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 3 (2025 - 3).

Keystone Financial Management Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 31 March 2026

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 March 2025	425,522	425,522
At 31 March 2026	425,522	425,522
Amortisation
At 1 March 2025	68,522	68,522
Amortisation charge	22,750	22,750
At 31 March 2026	91,272	91,272
Carrying amount
At 31 March 2026	334,250	334,250
At 28 February 2025	357,000	357,000

5	Tangible assets

	Plant and machinery  £	Total £
Cost or valuation
At 1 March 2025	26,141	26,141
Additions	952	952
At 31 March 2026	27,093	27,093
Depreciation
At 1 March 2025	22,867	22,867
Charge for the period	910	910
At 31 March 2026	23,777	23,777
Carrying amount
At 31 March 2026	3,316	3,316
At 28 February 2025	3,274	3,274

6

Debtors

	2026 £	2025 £
Other debtors	-	5,000
	-	5,000

Keystone Financial Management Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 31 March 2026

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	8	123,909	58,749
Trade creditors		1,934	-
Taxation and social security		25,178	45,385
Accruals and deferred income		9,666	5,322
Other creditors		608	179
		161,295	109,635