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REGISTERED NUMBER: 03117766















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

KEYHOST LIMITED

KEYHOST LIMITED (REGISTERED NUMBER: 03117766)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEYHOST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr J T Papanicola
Mrs W L Papanicola





SECRETARY: Mr J T Papanicola





REGISTERED OFFICE: 7 Northgate Close
Brighton
BN2 7DZ





REGISTERED NUMBER: 03117766





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

KEYHOST LIMITED (REGISTERED NUMBER: 03117766)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 148,191 156,786
148,191 156,786

CURRENT ASSETS
Stocks 6 6,056 26,470
Debtors 7 241,462 260,900
Cash at bank and in hand 70,900 57,465
318,418 344,835
CREDITORS
Amounts falling due within one year 8 122,238 159,020
NET CURRENT ASSETS 196,180 185,815
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,371

342,601

CREDITORS
Amounts falling due after more than one
year

9

(38,062

)

(21,172

)

PROVISIONS FOR LIABILITIES 10 (14,492 ) (16,475 )
NET ASSETS 291,817 304,954

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 11 291,715 304,852
SHAREHOLDERS' FUNDS 291,817 304,954

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KEYHOST LIMITED (REGISTERED NUMBER: 03117766)

BALANCE SHEET - continued
31 MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:





Mr J T Papanicola - Director


KEYHOST LIMITED (REGISTERED NUMBER: 03117766)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Keyhost Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1997, is being amortised evenly over its estimated useful life of sixteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

KEYHOST LIMITED (REGISTERED NUMBER: 03117766)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 55,000
AMORTISATION
At 1 April 2023
and 31 March 2024 55,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 176,579 37,000 141,096 4,361 359,036
Additions - - 11,181 1,888 13,069
At 31 March 2024 176,579 37,000 152,277 6,249 372,105
DEPRECIATION
At 1 April 2023 119,005 3,700 78,323 1,222 202,250
Charge for year 8,802 1,850 10,258 754 21,664
At 31 March 2024 127,807 5,550 88,581 1,976 223,914
NET BOOK VALUE
At 31 March 2024 48,772 31,450 63,696 4,273 148,191
At 31 March 2023 57,574 33,300 62,773 3,139 156,786

6. STOCKS
2024 2023
£    £   
Finished goods 6,056 26,470

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by participating interests 207,023 200,000
Other debtors 34,439 60,900
241,462 260,900

KEYHOST LIMITED (REGISTERED NUMBER: 03117766)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 32,614 37,509
Trade creditors 14,027 14,568
Tax 27,062 36,898
Social security and other taxes 3,098 24,949
VAT 16,097 16,891
Other creditors 3,646 2,811
Directors' current accounts 22,594 22,594
Accruals and deferred income 3,100 2,800
122,238 159,020

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 38,062 21,172

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 14,492 16,475

Deferred
tax
£   
Balance at 1 April 2023 16,475
Accelerated capital allowance (1,983 )
Balance at 31 March 2024 14,492

11. RESERVES
Retained
earnings
£   

At 1 April 2023 304,852
Profit for the year 86,363
Dividends (99,500 )
At 31 March 2024 291,715

12. CONTROL

During the year the company was controlled by the directors.