KEAS Trading Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08390484 (England and Wales)

KEAS TRADING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2020 TO 27 FEBRUARY 2021

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Stanton

Mrs E Stanton

REGISTERED OFFICE:

3 Chapman Way

Tunbridge Wells

Kent

TN2 3EF

REGISTERED NUMBER:

08390484 (England and Wales)

ACCOUNTANTS:

Hilden Park Accountants Limited

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

FIXED ASSETS

Investment property

4

1,360,000

1,420,500

CURRENT ASSETS

Debtors

121,023

160,603

Cash at bank

118,331

92,316

239,354

252,919

CREDITORS

Amounts falling due within one year

36,936

63,356

NET CURRENT ASSETS

202,418

189,563

TOTAL ASSETS LESS CURRENT LIABILITIES

1,562,418

1,610,063

CREDITORS

Amounts falling due after more than one year

709,216

777,180

NET ASSETS

853,202

832,883

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

853,201

832,882

853,202

832,883

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 February 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 February 2021 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 27 February 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2022 and were signed on its behalf by:

K Stanton - Director

1.	STATUTORY INFORMATION

KEAS Trading 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 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.

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 period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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 period was 2 (2020 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2020

1,420,500

Revaluations

(60,500

)

At 27 February 2021

1,360,000

NET BOOK VALUE

At 27 February 2021

1,360,000

At 29 February 2020

1,420,500

Fair value at 27 February 2021 is represented by:

£

Valuation in 2021

1,360,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 27 February 2021 and the year ended 29 February 2020:

27/2/21

29/2/20

£

£

K Stanton

Balance outstanding at start of period

120,623

(2,031

)

Amounts advanced

456,839

122,654

Amounts repaid

(539,096

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

38,366

120,623