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REGISTERED NUMBER: 12821521 (England and Wales)















Crystal Key Solutions Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Crystal Key Solutions Limited (Registered number: 12821521)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Crystal Key Solutions Limited (Registered number: 12821521)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 -
Investment property 5 385,000 385,000
385,100 385,000

CURRENT ASSETS
Debtors 6 91,109 17,589
Cash at bank 232 73,539
91,341 91,128
CREDITORS
Amounts falling due within one year 7 203,095 204,048
NET CURRENT LIABILITIES (111,754 ) (112,920 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,346

272,080

CREDITORS
Amounts falling due after more than
one year

8

(260,447

)

(260,447

)

PROVISIONS FOR LIABILITIES (14,939 ) (14,939 )
NET LIABILITIES (2,040 ) (3,306 )

Crystal Key Solutions Limited (Registered number: 12821521)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,022 1,022
Retained earnings (3,062 ) (4,328 )
SHAREHOLDERS' FUNDS (2,040 ) (3,306 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:




Mrs S S Hira - Director



Mr R Hira - Director


Crystal Key Solutions Limited (Registered number: 12821521)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Crystal Key Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12821521

Registered office: 27 Parrys Close
Stoke Bishop
Bristol
BS9 1AW

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


Crystal Key Solutions Limited (Registered number: 12821521)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaki
£   
COST
Additions 100
At 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100

Crystal Key Solutions Limited (Registered number: 12821521)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 385,000
NET BOOK VALUE
At 31 March 2024 385,000
At 31 March 2023 385,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 (8,756 )
Valuation in 2022 42,385
Valuation in 2023 45,000
Cost 306,371
385,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 306,371 306,371

The investment property was valued on an open market basis on 31 March 2024 by an independent advisor .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 78,548 4,730
Other debtors 12,561 12,859
91,109 17,589

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 203,095 204,048

Crystal Key Solutions Limited (Registered number: 12821521)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 260,447 260,447

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 260,447 260,447

The bank loans are secured by negative pledges and/or fixed charges over the investment properties held in the company.