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Keepmoat Annual Report 2020

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Keepmoat has released its Group financial results for the year ending 31 October 2020.

COMPANY BALANCE SHEET

COMPANY BALANCE SHEET For the year ended 31 October 2020 Note Year ended 31 October 2020 Year ended 31 October 2019 £’000 £’000 Assets Investments in subsidiaries 29 6,891 7,087 Trade and other receivables 30 7,934 - Total non-current assets 14,825 7,087 Current assets Trade and other receivables 30 238 411 Total current assets 238 411 Total assets 15,063 7,498 Equity Share capital 31 856 781 Share premium 7,425 - Retained earnings 4,629 4,869 Total equity 12,910 5,650 Liabilities Trade and other payables 32 345 40 Loans and borrowings 33 1,808 1,808 Total current liabilities 2,153 1,848 Total equity and liabilities 15,063 7,498 The Company has elected to take the exemption under Section 408 of the Companies Act 2006 to not present the parent company income statement and statement of comprehensive income. The Company made a loss during the year ended 31 October 2020 of £239,858 (year ended 31 October 2019 profit of: £248,973). The financial statements on pages 110 to 115 of Keystone JVco Limited, registered number 08984315, were approved by the Board of Directors on 28 February 2021 and were signed on its behalf by: E J C Hawkes Director 110 KEEPMOAT.COM

COMPANY STATEMENT OF CHANGES IN EQUITY FINANCIAL REVIEW For the year ended 31 October 2020 Share Premium Share Capital Retained Earnings Total £’000 £’000 £’000 £’000 At 1 November 2018 - 781 4,620 5,401 Profit and total comprehensive income for the year - - 249 249 At 31 October 2019 - 781 4,869 5,650 Loss and total comprehensive expense for the year - (240) (240) Proceeds from shares issued 7,425 75 - 7,500 At 31 October 2020 7,425 856 4,629 12,910 On 17 June 2020 the Company issued 7,500,000 ordinary shares of £0.01 each for consideration of £7,500,000, giving rise to a share premium of £7,425,000. ANNUAL REPORT & FINANCIAL STATEMENTS 2020 111