1 December 2022 false Taxfiler 2024.5 12299889business:PrivateLimitedCompanyLtd2022-12-012023-11-30 122998892022-11-30 122998892022-12-012023-11-30 12299889business:AuditExemptWithAccountantsReport2022-12-012023-11-30 12299889business:FilletedAccounts2022-12-012023-11-30 122998892023-11-30 12299889business:Director12022-12-012023-11-30 12299889business:Director22022-12-012023-11-30 12299889business:RegisteredOffice2022-12-012023-11-30 122998892022-11-30 12299889core:WithinOneYear2023-11-30 12299889core:WithinOneYear2022-11-30 12299889core:AfterOneYear2023-11-30 12299889core:AfterOneYear2022-11-30 12299889core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 12299889core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 12299889core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 12299889core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 12299889core:PreviouslyStatedAmount2023-11-30 12299889core:PreviouslyStatedAmount2022-11-30 12299889business:SmallEntities2022-12-012023-11-30 12299889countries:EnglandWales2022-12-012023-11-30 12299889core:PlantMachinery2022-12-012023-11-30 12299889core:MotorVehicles2022-12-012023-11-30 12299889core:PlantMachinery2022-11-30 12299889core:MotorVehicles2022-11-30 12299889core:PlantMachinery2023-11-30 12299889core:MotorVehicles2023-11-30 122998892021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 12299889 (England and Wales)
Key Estates Management Ltd Unaudited accounts for the year ended 30 November 2023
Key Estates Management Ltd Unaudited accounts Contents
Page
- 2 -
Key Estates Management Ltd Company Information for the year ended 30 November 2023
Directors
Mr Farris John Basem Abdul-Hadi Mrs Terri Joanne Abdul-Hadi
Company Number
12299889 (England and Wales)
Registered Office
21 Walton Crescent Winford Bristol BS40 8DD England
Accountants
Daniel Consultancy Morritt House 54-60 Station Approach South Ruislip Ruislip HA4 6SA
- 3 -
Key Estates Management Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
33,358 
17,312 
Investment property
655,166 
1,052,326 
688,524 
1,069,638 
Current assets
Debtors
22,455 
10,895 
Cash at bank and in hand
37,952 
65,473 
60,407 
76,368 
Creditors: amounts falling due within one year
(26,108)
(109,737)
Net current assets/(liabilities)
34,299 
(33,369)
Total assets less current liabilities
722,823 
1,036,269 
Creditors: amounts falling due after more than one year
(720,798)
(1,040,418)
Net assets/(liabilities)
2,025 
(4,149)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,024 
(4,150)
Shareholders' funds
2,025 
(4,149)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by
Mr Farris John Basem Abdul-Hadi Director Company Registration No. 12299889
- 4 -
Key Estates Management Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Key Estates Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 12299889. The registered office is 21 Walton Crescent, Winford, Bristol, BS40 8DD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line basis
Motor vehicles
20% straight line basis
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
- 5 -
Key Estates Management Ltd Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
6,812 
20,140 
26,952 
Additions
24,245 
- 
24,245 
At 30 November 2023
31,057 
20,140 
51,197 
Depreciation
At 1 December 2022
1,509 
8,131 
9,640 
Charge for the year
4,171 
4,028 
8,199 
At 30 November 2023
5,680 
12,159 
17,839 
Net book value
At 30 November 2023
25,377 
7,981 
33,358 
At 30 November 2022
5,303 
12,009 
17,312 
5
Investment property
2023 
£ 
Fair value at 1 December 2022
1,052,326 
Additions
36,198 
Disposals
(433,358)
At 30 November 2023
655,166 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
22,455 
10,895 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
2,046 
1,753 
Taxes and social security
6,762 
- 
Other creditors
6,310 
16,800 
Loans from directors
7,684 
88,710 
Accruals
3,306 
1,624 
Deferred income
- 
850 
26,108 
109,737 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
720,798 
1,038,372 
Obligations under finance leases and hire purchase contracts
- 
2,046 
720,798 
1,040,418 
- 6 -
Key Estates Management Ltd Notes to the Accounts for the year ended 30 November 2023
9
Transactions with related parties
At the reporting date Farris Property Group Ltd owed the company £22,455
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 7 -