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Company Registration No. 10694481 (England and Wales)
Key Elevations Ltd Unaudited accounts for the year ended 29 February 2024
Key Elevations Ltd Unaudited accounts Contents
Page
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Key Elevations Ltd Company Information for the year ended 29 February 2024
Directors
Danielle Lorisha Stride Matthew Spencer Allen
Company Number
10694481 (England and Wales)
Registered Office
3 Dorchester Drive Yeadon Leeds West Yorkshire LS19 6AT England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Key Elevations Ltd Accountants' report
Accountants' report to the board of directors of Key Elevations Ltd on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Key Elevations Ltd for the year ended 29 February 2024 as set out on pages 5 - 7 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 Key Elevations Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Key Elevations Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Key Elevations Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Key Elevations Ltd 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 Key Elevations Ltd. You consider that Key Elevations Ltd 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 Key Elevations Ltd. 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.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 24 July 2024
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Key Elevations Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
917 
- 
Investment property
80,000 
80,000 
80,917 
80,000 
Current assets
Cash at bank and in hand
1,203 
1,262 
Creditors: amounts falling due within one year
(9,540)
(10,098)
Net current liabilities
(8,337)
(8,836)
Total assets less current liabilities
72,580 
71,164 
Creditors: amounts falling due after more than one year
(56,215)
(56,215)
Net assets
16,365 
14,949 
Capital and reserves
Share premium
100 
100 
Revaluation reserve
39,615 
39,615 
Profit and loss account
(23,350)
(24,766)
Shareholders' funds
16,365 
14,949 
For the year ending 29 February 2024 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 7 October 2024 and were signed on its behalf by
Danielle Lorisha Stride Director Company Registration No. 10694481
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Key Elevations Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Key Elevations Ltd is a private company, limited by shares, registered in England and Wales, registration number 10694481. The registered office is 3 Dorchester Drive, Yeadon, Leeds, West Yorkshire, LS19 6AT, 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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:
Computer equipment
33% on cost
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2023
- 
Additions
1,000 
At 29 February 2024
1,000 
Depreciation
Charge for the year
83 
At 29 February 2024
83 
Net book value
At 29 February 2024
917 
5
Investment property
2024 
£ 
Fair value at 1 March 2023
80,000 
At 29 February 2024
80,000 
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Key Elevations Ltd Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
8,964 
9,546 
Accruals
576 
552 
9,540 
10,098 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
56,215 
56,215 
Aggregate of amounts that fall due for payment after five years
- 
56,215 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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