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REGISTERED NUMBER: 12526317 (England and Wales)















KEYSPACEHOMES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






KEYSPACEHOMES LTD (REGISTERED NUMBER: 12526317)

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










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


KEYSPACEHOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Directors: E K Munir
Mrs A J Munir





Registered office: 11 Wallers Way
Hoddesdon
Hertfordshire
EN11 9LH





Registered number: 12526317 (England and Wales)





Accountants: Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR

KEYSPACEHOMES LTD (REGISTERED NUMBER: 12526317)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
Fixed assets
Investment property 4 665,000 640,000

Current assets
Debtors 5 10,750 10,750
Cash at bank 2,167 1,754
12,917 12,504
Creditors
Amounts falling due within one year 6 191,603 166,642
Net current liabilities (178,686 ) (154,138 )
Total assets less current liabilities 486,314 485,862

Creditors
Amounts falling due after more than one
year

7

(371,223

)

(407,365

)

Provisions for liabilities (14,794 ) (13,216 )
Net assets 100,297 65,281

Capital and reserves
Called up share capital 100 100
Retained earnings 100,197 65,181
100,297 65,281

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.

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 18 November 2024 and were signed on its behalf by:





E K Munir - Director


KEYSPACEHOMES LTD (REGISTERED NUMBER: 12526317)

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


1. Statutory information

Keyspacehomes Ltd is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 1 ) .

4. Investment property
Total
£
Fair value
At 1 April 2023 640,000
Revaluations 25,000
At 31 March 2024 665,000
Net book value
At 31 March 2024 665,000
At 31 March 2023 640,000

Fair value at 31 March 2024 is represented by:
£
Valuation in 2022 52,862
Valuation in 2023 25,000
Cost 587,138
665,000

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 10,750 10,750

KEYSPACEHOMES LTD (REGISTERED NUMBER: 12526317)

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


6. Creditors: amounts falling due within one year
2024 2023
£ £
Taxation and social security 2,720 5,990
Other creditors 188,883 160,652
191,603 166,642

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 371,223 407,365

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 371,223 407,365