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Unaudited Financial Statements for the Year Ended 31 December 2021 |
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The Keep Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 December 2021 |
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for |
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The Keep Limited |
The Keep Limited (Registered number: 01593934) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2021 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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The Keep Limited |
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Company Information |
for the Year Ended 31 December 2021 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Grove House |
1 Grove Place |
Bedford |
Bedfordshire |
MK40 3JJ |
The Keep Limited (Registered number: 01593934) |
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Statement of Financial Position |
31 December 2021 |
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31.12.21 | 31.12.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Allotted, called up and |
fully paid share capital |
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Other reserves | 8 |
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Retained earnings | 8 | 362,953 | 350,064 |
SHAREHOLDERS' FUNDS |
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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 Keep Limited (Registered number: 01593934) |
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Statement of Financial Position - continued |
31 December 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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The Keep Limited (Registered number: 01593934) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2021 |
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1. | STATUTORY INFORMATION |
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The Keep Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Freehold property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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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. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2020 - NIL). |
The Keep Limited (Registered number: 01593934) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and |
property | fittings | Totals |
£ | £ | £ |
COST |
At 1 January 2021 |
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Additions |
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At 31 December 2021 |
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DEPRECIATION |
At 1 January 2021 |
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Charge for year |
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At 31 December 2021 |
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NET BOOK VALUE |
At 31 December 2021 |
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At 31 December 2020 |
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6. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 January 2021 |
and 31 December 2021 |
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NET BOOK VALUE |
At 31 December 2021 |
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At 31 December 2020 |
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Fair value at 31 December 2021 is represented by: |
£ |
Valuation in 2021 | 390,000 |
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If property and improvements had not been revalued they would have been included at the following historical cost: |
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31.12.21 | 31.12.20 |
£ | £ |
Cost | 358,665 | 358,665 |
Aggregate depreciation | (47,645 | ) | (45,022 | ) |
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The property was valued on an open market basis on 26 August 2020 by the directors . |
The Keep Limited (Registered number: 01593934) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.21 | 31.12.20 |
£ | £ |
Other creditors |
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Accrued expenses |
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8. | RESERVES |
Retained | Other |
earnings | reserves | Totals |
£ | £ | £ |
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At 1 January 2021 | 350,064 |
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840,950 |
Profit for the year |
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Transfer to Other reserves | (16,484 | ) | 16,484 | - |
At 31 December 2021 |
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870,323 |
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The purpose of the Other reserves is to provide a fund to meet unexpected liabilities. |
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9. | RELATED PARTY DISCLOSURES |
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During the year, various shareholder Masonic Lodges made voluntary contributions of £16,484 (2020 - £21,592) to assist with the upkeep of the property maintained by the company. |