KEYS PREMIUM FINANCE LIMITED

Company Registration Number:
NI030349 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

KEYS PREMIUM FINANCE LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

KEYS PREMIUM FINANCE LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 939,565 51,956
Investments: 4 30,098 34,924
Total fixed assets: 969,663 86,880
Current assets
Stocks: 0 0
Debtors:   74,192 125,826
Cash at bank and in hand: 118,138 89,442
Investments:   637,500 637,500
Total current assets: 829,830 852,768
Creditors: amounts falling due within one year:   (755,384) (693,560)
Net current assets (liabilities): 74,446 159,208
Total assets less current liabilities: 1,044,109 246,088
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 1,044,109 246,088
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Revaluation reserve:5816,2080
Other reserves: 0 0
Profit and loss account: 227,801 245,988
Shareholders funds: 1,044,109 246,088

The notes form part of these financial statements

KEYS PREMIUM FINANCE LIMITED

Balance sheet statements

For the year ending 31 May 2024 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 25 November 2024
and signed on behalf of the board by:

Name: Mr Owen Graham
Status: Director

The notes form part of these financial statements

KEYS PREMIUM FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

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

KEYS PREMIUM FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

KEYS PREMIUM FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 113,856
Additions 888,000
Disposals 0
Revaluations 0
Transfers 0
At 31 May 2024 1,001,856
Depreciation
At 01 June 2023 61,900
Charge for year 391
On disposals 0
Other adjustments 0
At 31 May 2024 62,291
Net book value
At 31 May 2024 939,565
At 31 May 2023 51,956

KEYS PREMIUM FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Fixed investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

KEYS PREMIUM FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Revaluation reserve

2024
£
Balance at 01 June 2023 0
Surplus or deficit after revaluation 816,208
Balance at 31 May 2024 816,208