Keo (Uk) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02826068 (England and Wales)

KEO (UK) LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr I Charilaou

Mr C Koutsos

Mr C Panayiotou

Mr C C Pascalides

SECRETARY:

Mr C C Pascalides

REGISTERED OFFICE:

243 Grays Inn Road

London

WC1X 8RB

REGISTERED NUMBER:

02826068 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr C A Joannou BSc, MSc, FCCA

AUDITORS:

Christiansons Ltd

Chartered Certified Accountants

& Statutory Auditors

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

CURRENT ASSETS

Debtors

4

-

1,591

Cash at bank

2,446

1,581

2,446

3,172

CREDITORS

Amounts falling due within one year

5

3,716

1,200

NET CURRENT (LIABILITIES)/ASSETS

(1,270

)

1,972

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,270

)

1,972

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,370

)

1,872

(1,270

)

1,972

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2020 and were signed on its behalf by:

Mr C C Pascalides - Director

1.	STATUTORY INFORMATION

Keo (Uk) 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.

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.

The company made a loss of £3,242 during the year ( 2018: £3,099) and as at the year end has net liabilities of £1,270 ( 2018: £Nil) and rely on funds from its holding company to run its day to day business. The directors have confirmed that adequate facilities are in place for the continued support of the company for the foreseeable future. These accounts have therefore been prepared on a going concern basis.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 4 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Amounts owed by group undertakings

-

1,591

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Amounts owed to group undertakings

1,409

-

Accrued expenses

2,307

1,200

3,716

1,200

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr C A Joannou BSc, MSc, FCCA (Senior Statutory Auditor)

for and on behalf of Christiansons Ltd

7.	RELATED PARTY DISCLOSURES

At the balance sheet date the amount due to Keo Plc its holding company was £1,409 (2018 : £1,591 due from Keo Plc).

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by Keo Plc, by virtue of holding the entire share capital of the company.