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REGISTERED NUMBER: SC725861 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 10 MARCH 2022 TO 31 MARCH 2023

FOR

BLANK KEYS LTD

BLANK KEYS LTD (REGISTERED NUMBER: SC725861)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 10 March 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BLANK KEYS LTD

COMPANY INFORMATION
for the period 10 March 2022 to 31 March 2023







DIRECTOR: K W Banks





REGISTERED OFFICE: 15a Broughton Place
Edinburgh
EH1 3RL





REGISTERED NUMBER: SC725861 (Scotland)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

BLANK KEYS LTD (REGISTERED NUMBER: SC725861)

BALANCE SHEET
31 March 2023

Notes £   
FIXED ASSETS
Tangible assets 4 578

CURRENT ASSETS
Debtors 5 29
Cash at bank 670
699
CREDITORS
Amounts falling due within one year 6 (10,677 )
NET CURRENT LIABILITIES (9,978 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,400

)

CAPITAL AND RESERVES
Called up share capital 7 1
Retained earnings (9,401 )
SHAREHOLDERS' FUNDS (9,400 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 23 October 2023 and were signed by:





K W Banks - Director


BLANK KEYS LTD (REGISTERED NUMBER: SC725861)

NOTES TO THE FINANCIAL STATEMENTS
for the period 10 March 2022 to 31 March 2023

1. STATUTORY INFORMATION

Blank Keys Ltd is a private company, limited by shares , registered in Scotland. 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.

Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts.

Revenue from video game development is recognised at the point of sale.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment- 33% on cost

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

BLANK KEYS LTD (REGISTERED NUMBER: SC725861)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 10 March 2022 to 31 March 2023

2. ACCOUNTING POLICIES - continued

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The directors have agreed to support the company as necessary in the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 889
At 31 March 2023 889
DEPRECIATION
Charge for period 311
At 31 March 2023 311
NET BOOK VALUE
At 31 March 2023 578

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 29

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 10,677

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary 1 1