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REGISTERED NUMBER: 03117766















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

KEYHOST LIMITED

KEYHOST LIMITED (REGISTERED NUMBER: 03117766)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEYHOST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr J T Papanicola
Mrs W L Papanicola





SECRETARY: Mr J T Papanicola





REGISTERED OFFICE: 7 Northgate Close
Brighton
BN2 7DZ





REGISTERED NUMBER: 03117766





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

KEYHOST LIMITED (REGISTERED NUMBER: 03117766)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 156,786 152,109
156,786 152,109

CURRENT ASSETS
Stocks 6 26,470 7,292
Debtors 7 260,900 60,900
Cash at bank and in hand 57,464 256,745
344,834 324,937
CREDITORS
Amounts falling due within one year 8 159,020 152,477
NET CURRENT ASSETS 185,814 172,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

342,600

324,569

CREDITORS
Amounts falling due after more than one
year

9

(21,172

)

(14,583

)

PROVISIONS FOR LIABILITIES (16,475 ) (16,475 )
NET ASSETS 304,953 293,511

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 10 304,852 293,410
SHAREHOLDERS' FUNDS 304,953 293,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

KEYHOST LIMITED (REGISTERED NUMBER: 03117766)

BALANCE SHEET - continued
31 MARCH 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





Mr J T Papanicola - Director


KEYHOST LIMITED (REGISTERED NUMBER: 03117766)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Keyhost Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1997, is being amortised evenly over its estimated useful life of sixteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

KEYHOST LIMITED (REGISTERED NUMBER: 03117766)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 15 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 55,000
AMORTISATION
At 1 April 2022
and 31 March 2023 55,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 174,829 37,000 118,761 3,420 334,010
Additions 1,750 - 24,445 941 27,136
Disposals - - (2,110 ) - (2,110 )
At 31 March 2023 176,579 37,000 141,096 4,361 359,036
DEPRECIATION
At 1 April 2022 109,653 1,850 69,730 668 181,901
Charge for year 9,352 1,850 9,284 554 21,040
Eliminated on disposal - - (691 ) - (691 )
At 31 March 2023 119,005 3,700 78,323 1,222 202,250
NET BOOK VALUE
At 31 March 2023 57,574 33,300 62,773 3,139 156,786
At 31 March 2022 65,176 35,150 49,031 2,752 152,109

6. STOCKS
2023 2022
£    £   
Finished goods 26,470 7,292

KEYHOST LIMITED (REGISTERED NUMBER: 03117766)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by participating interests 200,000 -
Other debtors 60,900 60,900
260,900 60,900

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 37,509 9,721
Trade creditors 14,568 19,395
Tax 36,898 70,341
Social security and other taxes 24,949 3,891
VAT 16,891 20,034
Other creditors 2,811 3,801
Directors' current accounts 22,594 22,594
Accruals and deferred income 2,800 2,700
159,020 152,477

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 21,172 14,583

10. RESERVES
Retained
earnings
£   

At 1 April 2022 293,410
Profit for the year 96,542
Dividends (85,100 )
At 31 March 2023 304,852

11. CONTROL

During the year the company was controlled by the directors.