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REGISTERED NUMBER: 03908129 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

KEYROSS LTD

KEYROSS LTD (REGISTERED NUMBER: 03908129)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


KEYROSS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: M Brinner





SECRETARY: Ms S Mossberg





REGISTERED OFFICE: 115 Craven Park Road
Stamford Hill
London
N15 6BL





REGISTERED NUMBER: 03908129 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

KEYROSS LTD (REGISTERED NUMBER: 03908129)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,851 3,355
Investment property 5 2,440,000 2,440,000
2,442,851 2,443,355

CURRENT ASSETS
Debtors 148,832 148,832
Cash at bank 71,417 40,881
220,249 189,713
CREDITORS
Amounts falling due within one year (51,232 ) (40,910 )
NET CURRENT ASSETS 169,017 148,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,611,868

2,592,158

CREDITORS
Amounts falling due after more than one year 6 (331,667 ) (341,667 )
NET ASSETS 2,280,201 2,250,491

CAPITAL AND RESERVES
Called up share capital 7 2 2
Revaluation reserve 8 1,688,806 1,688,806
Retained earnings 8 591,393 561,683
SHAREHOLDERS' FUNDS 2,280,201 2,250,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

KEYROSS LTD (REGISTERED NUMBER: 03908129)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 October 2023 and were signed by:





M Brinner - Director


KEYROSS LTD (REGISTERED NUMBER: 03908129)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

KEYROSS LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022
and 31 December 2022 32,695
DEPRECIATION
At 1 January 2022 29,340
Charge for year 504
At 31 December 2022 29,844
NET BOOK VALUE
At 31 December 2022 2,851
At 31 December 2021 3,355

KEYROSS LTD (REGISTERED NUMBER: 03908129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022
and 31 December 2022 2,440,000
NET BOOK VALUE
At 31 December 2022 2,440,000
At 31 December 2021 2,440,000

Fair value at 31 December 2022 is represented by:
£   
Valuation in 2015 1,373,806
Valuation in 2020 315,000
Cost 751,194
2,440,000

The investment properties were valued on an open market basis on 31 December 2020 by director .

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS

Other creditors include £50,000 received under Bounceback Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% and guaranteed by HM Government.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
2 Ordinary £1 2 2

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2022 561,683 1,688,806 2,250,489
Profit for the year 29,710 29,710
At 31 December 2022 591,393 1,688,806 2,280,199