## 


## 

||`Page`|
|---|---|
|`StrategicReport`|`1-8`|
|`StatementofTrustees`|`9`|
|`Independentauditorsreport`|`10-12`|
|`StatementofComprehensiveIncome`|`13`|
|`BalanceSheet`|`14`|
|`Statementinchangesinreserves`|`15`|
|`StatementofCashflows`|`16`|
|`NotestoFinancialStatements`|`17-26`|








# 



# 




























# 30.9.24 






|`KeelmanHomesLimited`|||||
|---|---|---|---|---|
|`(acompanylimitedbyguaranteeand`|`nothavinga sharecapital)`||||
|`StatementofFinancialPosition`|||||
|`Asat31March2024`|||||
||`Notes`|`2024`||`2023`|
|||||`(asrestated)`|
|||`£000`||`£000`|
|`Fixedassets`|||||
|`Tangibleassets`|`9`|`26,907`||`27,352`|
|`Currentassets`|||||
|`Debtors`|`10`|`524`||`641`|
|`Cashatbankandinhand`||`233`||`573`|
|||`757`||`1,214`|
|`Liabilities`|||||
|`Creditors:amountsfallingdue`|||||
|`withinoneyear`|`11`|`(783`|`)`|`(1,083)`|
|`Netcurrentassets/(liabilities)`||`(26`|`)`|`131`|
|`Creditors:amountsfallingdueafter`|`12`||||
|`oneyear`||`(26,768)`||`(27,217)`|
|`Netassets`||`113`||`266`|
|`Reserves`|||||
|`Income& ExpenditureReserve`||`113`||`266`|







||`Income& `|
|---|---|
||`ExpenditureReserve`|
||`(asrestated)`|
||`£000`|
|`Balanceat`<br>`1April2022(asrestated)`|`378`|
|`Deficitforyear`|`(112)`|
|`Balanceat31March2023(asrestated)`|`266`|
|`Balanceat1 April2023`|`266`|
|`Deficitforyear`|`(153) `|
|`Balanceat31March2024`|`113`|









# 






# 






|`KeelmanHomesLimited`|`KeelmanHomesLimited`||||
|---|---|---|---|---|
|`(acompanylimitedbyguaranteeandnothavinga sharecapital)`|||||
|`Notestothefinancialstatements`|||||
|`Fortheyearended31March2024`|||||
|`6.`|`Interestpayable`||||
|||`2024`||`2023`|
|||`£000`||`£000`|
||`LoansfromGatesheadCouncil`|`668`||`673`|
||`Taxation`||||
||`Totaltaxexpenserecognisedintheincomeandexpenditureaccount`||||
|||`2024`||`2023`|
|||`£000`||`£000`|
||`Currenttax`|`(1)`||`(14)`|
|`7.1.`|<br>`Reconciliationoftheeffectivetaxrate`||||
|||`2024`<br>`£000`|<br>|`2023`<br>`£000`|
||`(Deficit)/Surplus`|`(153`|`)`|`(112)`|
||`Totaltax(credit)/expense`|`(1)`||`(14)`|
||`(Deficit)/Surplusbeforetax`|`(154`|`)`|`(126) `|
||`TaxusingtheUKcorporationtaxrateof19%(2023:19%)`|`(29)`||`(24)`|
||`Taxexemptrevenues`||||
||`Non-deductibleexpenses`|`28`||`10`|
||`Total(credit)/expenseincludedintheincomestatement`||||
|`8.`|`Prioryearadjustment`||||
|`Aprioryearadjustmenthasbeenidentifiedinrelationtoerrorsrelatingtointerestpaidandinterest`|||`dueperthe`||
|`loan`|`agreementduringtheperiodofFY17/18andFY19/20.Thishasledtoanoveraccrualof£175k.`||||
|`The`|`impactontheaboveonthe2023financialstatementsisasfollows:`||||
|`Statementofcomprehensiveincome`|||||
|`No`|`impactonthedeficitwithin2023.`||||
||`21`||||








|`KeelmanHomesLimited`|`KeelmanHomesLimited`|||
|---|---|---|---|
|`(acompanylimitedbyguaranteeandnothavinga sharecapital)`||||
|`Notestothefinancialstatements`||||
|`For`|`theyearended31March2024`|||
|`9.1`|`HousingProperties`|||
||`Numberofunitsundermanagement`|||
|||`2024`|<br>`2023`|
||`Underdevelopmentatendoftheyear`|||
||`Rentedgeneralneedhousingunits`|||
||`Sharedownershipunits`|||
||`Undermanagementatendoftheyear`|||
||`Rentedgeneralneedhousingunits`|`284`|<br>`284`|
||`Sharedownershipunits`|`24`|<br>`24`|
|`10.`|`Debtors`|||
|||`2024`|<br>`2023`|
|||`£000`|<br>`£000`|
||`Tradedebtors`|`78`|<br>`243`|
||`Prepaymentsandaccruedincome`|`446`|<br>`384`|
||`Corporationtax`|`-`|<br>`14`|
|||`524`|<br>`641`|
|`11.`|`Creditors:Amountsfallingduewithinoneyear`|||
|||`2024`|<br>`2023`|
||||`(asrestated)`|
|||`£000`|`£000`|
||`TradeCreditors`|`58`|`30`|
||`Accruals`|`225`|`509`|
||`LoansfromGatesheadCouncil`|`369`|`369`|
||`Othertaxandsocialsecurity`|`4`|`-`|
||`Governmentgrants`|`127`|`175`|
|||`783`|`1,083`|
|`12.`|`Creditors:Amountsfallingdueafteroneyear`|||
|||`2024`|`2023`|
|||`£000`|`£000`|
||`LoansfromGatesheadCouncil`|`15,213`|`15,583`|
||`Governmentgrants`|`11,555`|`11,634`|
|||`26,768`|`27,217`|