Registered number
02954085
Keyholder Lettings Management Ltd
Filleted Accounts
31 December 2023
Keyholder Lettings Management Ltd
Registered number: 02954085
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 6,608 8,261
Current assets
Debtors 4 8,316 7,020
Cash at bank and in hand 641,397 598,120
649,713 605,140
Creditors: amounts falling due within one year 5 (27,023) (22,060)
Net current assets 622,690 583,080
Net assets 629,298 591,341
Capital and reserves
Called up share capital 2 2
Profit and loss account 629,296 591,339
Shareholders' funds 629,298 591,341
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
…………………………..
M Westley
Director
Approved by the board on 11 April 2024
Keyholder Lettings Management Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 1,995 26,017 28,012
At 31 December 2023 1,995 26,017 28,012
Depreciation
At 1 January 2023 1,966 17,785 19,751
Charge for the year 7 1,646 1,653
At 31 December 2023 1,973 19,431 21,404
Net book value
At 31 December 2023 22 6,586 6,608
At 31 December 2022 29 8,232 8,261
4 Debtors 2023 2022
£ £
Other debtors 8,316 7,020
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 27,023 22,060
6 Other information
Keyholder Lettings Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
48a Aylesbury Street
Fenny Stratford
Milton Keynes
Buckinghamshire
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