Registered number
02157857
Keey Partners Limited
Filleted Accounts
31 March 2024
Keey Partners Limited
Registered number: 02157857
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 4 3,059,998 82,400
Current assets
Debtors 5 356,165 551,864
Cash at bank and in hand 1,357,966 1,915,281
1,714,131 2,467,145
Creditors: amounts falling due within one year 6 (1,074,892) (700,437)
Net current assets 639,239 1,766,708
Net assets 3,699,237 1,849,108
Capital and reserves
Called up share capital 20,000 20,000
Profit and loss account 3,679,237 1,829,108
Shareholder's funds 3,699,237 1,849,108
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 member has 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.
C L Keey
Director
Approved by the board on 30 August 2024
Keey Partners Limited
Notes to the Accounts
for the year ended 31 March 2024
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 rendering of services.
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:
Equipment 50% straight line
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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 2024 2023
Number Number
Average number of persons employed by the company 2 7
3 Tangible fixed assets
Equipment
£
Cost
At 1 April 2023 7,783
At 31 March 2024 7,783
Depreciation
At 1 April 2023 7,783
At 31 March 2024 7,783
Net book value
At 31 March 2024 -
4 Investments
Other
investments
£
Cost or fair value
At 1 April 2023 82,400
Additions 2,999,998
Revaluation 10,000
Disposals (32,400)
At 31 March 2024 3,059,998
5 Debtors 2024 2023
£ £
Trade debtors 352,990 532,094
Other debtors 3,175 19,770
356,165 551,864
6 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 100,000 -
Taxation and social security costs 964,892 690,437
Other creditors 10,000 10,000
1,074,892 700,437
7 Controlling party
The company is a 100% subsidiary of Keey Holdings Limited, a company controlled by by C L Keey and his family. Both have the registered office address as shown below.
8 Other information
Keey Partners Limited is a private company limited by shares and incorporated in England. Its registered office was:
20 North Audley Street
London
W1K 6LX
Keey Partners Limited 02157857 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 C L Keey No description of principal activity 02157857 2022-04-01 2023-03-31 02157857 core:WithinOneYear 2023-03-31 02157857 core:ShareCapital 2023-03-31 02157857 core:RetainedEarningsAccumulatedLosses 2023-03-31 02157857 2023-04-01 2024-03-31 02157857 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02157857 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02157857 bus:Director40 2023-04-01 2024-03-31 02157857 1 2023-04-01 2024-03-31 02157857 2 2023-04-01 2024-03-31 02157857 countries:England 2023-04-01 2024-03-31 02157857 bus:FRS102 2023-04-01 2024-03-31 02157857 bus:FilletedAccounts 2023-04-01 2024-03-31 02157857 2024-03-31 02157857 core:WithinOneYear 2024-03-31 02157857 core:ShareCapital 2024-03-31 02157857 core:RetainedEarningsAccumulatedLosses 2024-03-31 02157857 core:PlantMachinery 2024-03-31 02157857 core:AdditionsToInvestments 2024-03-31 02157857 core:RevaluationsIncreaseDecreaseInInvestments 2024-03-31 02157857 core:DisposalsRepaymentsInvestments 2024-03-31 02157857 2023-03-31 02157857 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure