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Registration number: 08294150

Door Key Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 November 2023

 

Door Key Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Statement of Comprehensive Income

5

Abridged Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Abridged Financial Statements

8 to 10

 

Door Key Limited

Company Information

Director

Ms Lucy Chu

Registered office

73 Redland Drive
Kirkella
Hull
HU10 7UX

Accountants

MTS Accountancy
1 Dunswell Road
Cottingham
East Yorkshire
HU16 4JA

 

Door Key Limited

Director's Report for the Year Ended 30 November 2023

The director presents her report and the abridged financial statements for the year ended 30 November 2023.

Director of the company

The director who held office during the year was as follows:

Ms Lucy Chu

Principal activity

The principal activity of the company is Letting of furnished property.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 25 August 2024
 

.........................................
Ms Lucy Chu
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Door Key Limited
for the Year Ended 30 November 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Door Key Limited for the year ended 30 November 2023 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Door Key Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Door Key Limited and state those matters that we have agreed to state to the Board of Directors of Door Key Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Door Key Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Door Key Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Door Key Limited. You consider that Door Key Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Door Key Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MTS Accountancy
1 Dunswell Road
Cottingham
East Yorkshire
HU16 4JA

25 August 2024

 

Door Key Limited

Abridged Profit and Loss Account for the Year Ended 30 November 2023

Note

2023
£

2022
£

Gross profit

 

5,808

3,574

Administrative expenses

 

(2,260)

(6,759)

Profit/(loss) before tax

3,548

(3,185)

Tax on profit/(loss)

 

(69)

-

Profit/(loss) for the financial year

 

3,479

(3,185)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Door Key Limited

Statement of Comprehensive Income for the Year Ended 30 November 2023

2023
£

2022
£

Profit/(loss) for the year

3,479

(3,185)

Total comprehensive income for the year

3,479

(3,185)

 

Door Key Limited

(Registration number: 08294150)
Abridged Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

100,000

100,000

Current assets

 

Cash at bank and in hand

 

4,368

195

Creditors: Amounts falling due within one year

(45,978)

(45,909)

Net current liabilities

 

(41,610)

(45,714)

Total assets less current liabilities

 

58,390

54,286

Creditors: Amounts falling due after more than one year

(50,000)

(50,000)

Accruals and deferred income

 

(3,205)

(2,580)

Net assets

 

5,185

1,706

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

5,085

1,606

Shareholders' funds

 

5,185

1,706

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 25 August 2024
 

.........................................
Ms Lucy Chu
Director

 

Door Key Limited

Statement of Changes in Equity for the Year Ended 30 November 2023

Share capital
£

Retained earnings
£

Total
£

At 1 December 2022

100

1,606

1,706

Profit for the year

-

3,479

3,479

At 30 November 2023

100

5,085

5,185

Share capital
£

Retained earnings
£

Total
£

At 1 December 2021

100

4,791

4,891

Loss for the year

-

(3,185)

(3,185)

At 30 November 2022

100

1,606

1,706

 

Door Key Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
73 Redland Drive
Kirkella
Hull
HU10 7UX

These financial statements were authorised for issue by the director on 25 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, dependant on the continuing support of the Director.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Door Key Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Cost or valuation

Depreciation

Carrying amount

At 30 November 2023

Investment properties

2023
£

At 1 December

100,000

There has been no valuation of investment property by an independent valuer.

 

Door Key Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

100

100

100

100