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REGISTERED NUMBER: 07220091 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

KEY MOTOR FINANCE HOLDINGS LIMITED

KEY MOTOR FINANCE HOLDINGS LIMITED (REGISTERED NUMBER: 07220091)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEY MOTOR FINANCE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M Dixon
A J P Sharp





REGISTERED OFFICE: 30-34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 07220091 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

KEY MOTOR FINANCE HOLDINGS LIMITED (REGISTERED NUMBER: 07220091)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,545,256 854,433
Investments 5 553,941 11,154
2,099,197 865,587

CURRENT ASSETS
Debtors 6 5,652 4,075
Cash at bank 76,160 4,079
81,812 8,154
CREDITORS
Amounts falling due within one year 7 (698,597 ) (14,483 )
NET CURRENT LIABILITIES (616,785 ) (6,329 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,482,412

859,258

CAPITAL AND RESERVES
Called up share capital 8 204 204
Retained earnings 1,482,208 859,054
SHAREHOLDERS' FUNDS 1,482,412 859,258

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

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

KEY MOTOR FINANCE HOLDINGS LIMITED (REGISTERED NUMBER: 07220091)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:




M Dixon - Director



A J P Sharp - Director


KEY MOTOR FINANCE HOLDINGS LIMITED (REGISTERED NUMBER: 07220091)

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

1. STATUTORY INFORMATION

Key Motor Finance Holdings Limited 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.

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.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of the financial assets and liabilities like trade and other accounts receivable and payable, loans from bank and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at the amortised cost using the effective interest method

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is no intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

KEY MOTOR FINANCE HOLDINGS LIMITED (REGISTERED NUMBER: 07220091)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 January 2023 854,433
Additions 690,823
At 31 December 2023 1,545,256
NET BOOK VALUE
At 31 December 2023 1,545,256
At 31 December 2022 854,433

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2023 304 10,850 11,154
Additions 499,900 42,887 542,787
At 31 December 2023 500,204 53,737 553,941
NET BOOK VALUE
At 31 December 2023 500,204 53,737 553,941
At 31 December 2022 304 10,850 11,154

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,500 -
Amounts owed by group undertakings - 4,074
Other debtors 4,152 1
5,652 4,075

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 198,565 -
Taxation and social security 5,828 719
Other creditors 494,204 13,764
698,597 14,483

KEY MOTOR FINANCE HOLDINGS LIMITED (REGISTERED NUMBER: 07220091)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number Class Nominal 2023 2022
Value £ £
118 Ordinary A £1 118 118
50 Ordinary B £1 50 50
4 Ordinary C £1 4 4
4 Ordinary D £1 4 4
4 Ordinary E £1 4 4
4 Ordinary F £1 4 4
4 Ordinary G £1 4 4
4 Ordinary H £1 4 4
4 Ordinary I £1 4 4
4 Ordinary J £1 4 4
4 Ordinary K £1 4 4
204 204