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REGISTERED NUMBER: 11319702 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Key Link Money (UK) Limited

Key Link Money (UK) Limited (Registered number: 11319702)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Key Link Money (UK) Limited (Registered number: 11319702)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 590,000 639,000

CURRENT ASSETS
Debtors 5 1,333 1,421
Cash at bank 13,854 6,259
15,187 7,680
CREDITORS
Amounts falling due within one year 6 123,719 104,081
NET CURRENT LIABILITIES (108,532 ) (96,401 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

481,468

542,599

CREDITORS
Amounts falling due after more than
one year

7

(396,500

)

(396,500

)

PROVISIONS FOR LIABILITIES (22,828 ) (30,711 )
NET ASSETS 62,140 115,388

Key Link Money (UK) Limited (Registered number: 11319702)

Statement of Financial Position - continued
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 175,330 216,447
Retained earnings (113,290 ) (101,159 )
SHAREHOLDERS' FUNDS 62,140 115,388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 20 January 2025 and were signed on its behalf by:





Mr Andrew Phillip Slade - Director


Key Link Money (UK) Limited (Registered number: 11319702)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Key Link Money (UK) 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: 11319702

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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 represents the fair value of rent received or receivable from the investment properties, 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 statement of financial position date.


Key Link Money (UK) Limited (Registered number: 11319702)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 May 2023 639,000
Revaluations (49,000 )
At 30 April 2024 590,000
NET BOOK VALUE
At 30 April 2024 590,000
At 30 April 2023 639,000

Investment property situated at 85 High Street, Barnstaple, Devon, EX31 1SS is under a charge from Octane Property Finance Limited. The charges were created on 28th August 2020 and 29th September 2021.

Cost or valuation at 30 April 2024 is represented by:
£   
Valuation in 2022 218,158
Valuation in 2023 29,000
Valuation in 2024 (49,000 )
Cost 391,842
590,000

Key Link Money (UK) Limited (Registered number: 11319702)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 1,333 1,421

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 123,719 104,081

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 396,500 396,500

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 396,500 396,500

The loan amounting to £396,500 is secured by the way of charge on the property situated at 85 High Street, Barnstaple, Devon, EX311SS (Disclosed as investment property). The charges were created in the name of Octane Property Finance Limited on 28th August 2020 and 29th September 2021.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

Key Link Money (UK) Limited (Registered number: 11319702)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. RESERVES
Fair
value
reserve
£   
At 1 May 2023 216,447
Transfer to/from reserves (41,117 )

At 30 April 2024 175,330

11. RELATED PARTY DISCLOSURES

The company owes £574 (2023: £574) to its director, Mr Andrew Phillip Slade who is also a 50% shareholder of the company as at accounting year end date.

The company owes £574 (2023: £574) to its director, Mrs Marilyn Ann Slade who is also a 50% shareholder of the company as at accounting year end date.