KEY LAND CAPITAL LIMITED

Company Registration Number:
10983248 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

KEY LAND CAPITAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

KEY LAND CAPITAL LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 6,348 11,782
Investments: 4 0 100
Total fixed assets: 6,348 11,882
Current assets
Debtors:   1,547,411 1,954,274
Cash at bank and in hand: 356 3,158
Total current assets: 1,547,767 1,957,432
Creditors: amounts falling due within one year:   (45,235) (473,963)
Net current assets (liabilities): 1,502,532 1,483,469
Total assets less current liabilities: 1,508,880 1,495,351
Total net assets (liabilities): 1,508,880 1,495,351
Capital and reserves
Called up share capital: 50,000 50,000
Share premium account: 2,000,000 2,000,000
Profit and loss account: (541,120) (554,649)
Shareholders funds: 1,508,880 1,495,351

The notes form part of these financial statements

KEY LAND CAPITAL LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 September 2024
and signed on behalf of the board by:

Name: Kevin Sharkey
Status: Director

The notes form part of these financial statements

KEY LAND CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

KEY LAND CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 5 8

KEY LAND CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 89,095
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2023 89,095
Depreciation
At 01 January 2023 77,313
Charge for year 5,434
At 31 December 2023 82,747
Net book value
At 31 December 2023 6,348
At 31 December 2022 11,782

KEY LAND CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed investments

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset, net of anticipated disposal proceeds, over its estimated useful economic life. Depreciation is charged at the following rates: Improvement to property - 20% straight line per annum Fixtures and fittings - 20% straight line per annum Computer equipment - 20% straight line per annum 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. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.