Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01No description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02017137 2023-01-01 2023-12-31 02017137 2022-01-01 2022-12-31 02017137 2023-12-31 02017137 2022-12-31 02017137 c:Director1 2023-01-01 2023-12-31 02017137 d:FurnitureFittings 2023-01-01 2023-12-31 02017137 d:FurnitureFittings 2023-12-31 02017137 d:FurnitureFittings 2022-12-31 02017137 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02017137 d:FreeholdInvestmentProperty 2023-12-31 02017137 d:FreeholdInvestmentProperty 2022-12-31 02017137 d:CurrentFinancialInstruments 2023-12-31 02017137 d:CurrentFinancialInstruments 2022-12-31 02017137 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02017137 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02017137 d:ShareCapital 2023-12-31 02017137 d:ShareCapital 2022-12-31 02017137 d:RetainedEarningsAccumulatedLosses 2023-12-31 02017137 d:RetainedEarningsAccumulatedLosses 2022-12-31 02017137 c:FRS102 2023-01-01 2023-12-31 02017137 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02017137 c:FullAccounts 2023-01-01 2023-12-31 02017137 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02017137 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 02017137








 
KEYSUN LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023







Fletcher & Partners
Chartered Accountants
Salisbury

 
KEYSUN LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KEYSUN LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Keysun Limited for the year ended 31 December 2023 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Keysun 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 financial statements of Keysun Limited and state those matters that we have agreed to state to the Board of Directors of Keysun Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Keysun Limited and its Board of Directors, as a body, for our work or for this report. 

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

We have not been instructed to carry out an audit or review of the financial statements of Keysun 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 financial statements.

  



Fletcher & Partners
 
Crown Chambers
Bridge Street
Salisbury
Wiltshire
SP1 2LZ
5 September 2024
Page 1

 
KEYSUN LIMITED
REGISTERED NUMBER:02017137

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,973
13,227

Investment property
 5 
190,000
190,000

  
200,973
203,227

Current assets
  

Debtors: amounts falling due within one year
 6 
-
507

Cash at bank and in hand
 7 
2,296
3,203

  
2,296
3,710

Creditors: amounts falling due within one year
 8 
(200,916)
(194,713)

Net current liabilities
  
 
 
(198,620)
 
 
(191,003)

Total assets less current liabilities
  
2,353
12,224

  

Net assets
  
2,353
12,224


Capital and reserves
  

Called up share capital 
  
81,362
81,362

Profit and loss account
  
(79,009)
(69,138)

  
2,353
12,224


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

Dr O U Kalthoff
Director
Date: 21 August 2024

The notes on pages 3 to 6 form part of these financial statements.
Page 2

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

1.


General information

Keysun Limited is a private company limited by shares and incorporated in England with the registered number 02017137. Its registered office is Crown Chambers, Bridge Street, Salisbury, Wiltshire, SP1 2LZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures & fittings
-
10%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.4

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensice Income.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
KEYSUN LIMITED
 

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

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

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

4.


Tangible fixed assets





Fixtures & fittings

£



Cost or valuation


At 1 January 2023
47,743



At 31 December 2023

47,743



Depreciation


At 1 January 2023
34,516


Charge for the year on owned assets
2,254



At 31 December 2023

36,770



Net book value



At 31 December 2023
10,973



At 31 December 2022
13,227


5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
190,000



At 31 December 2023
190,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.





6.


Debtors

2023
2022
£
£


Other debtors
-
507

-
507


Page 5

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

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,296
3,203

2,296
3,203



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
200,916
194,713

200,916
194,713




Page 6