Registered number
02954085
Keyholder Lettings Management Ltd
Filleted Accounts
31 December 2024
Keyholder Lettings Management Ltd
Registered number: 02954085
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,956 6,608
Current assets
Debtors 4 9,612 8,316
Cash at bank and in hand 691,672 641,397
701,284 649,713
Creditors: amounts falling due within one year 5 (30,826) (27,023)
Net current assets 670,458 622,690
Net assets 675,414 629,298
Capital and reserves
Called up share capital 2 2
Profit and loss account 675,412 629,296
Shareholders' funds 675,414 629,298
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
…………………………..
M Westley
Director
Approved by the board on 18 February 2025
Keyholder Lettings Management Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 1,995 26,017 28,012
At 31 December 2024 1,995 26,017 28,012
Depreciation
At 1 January 2024 1,973 19,431 21,404
Charge for the year 6 1,646 1,652
At 31 December 2024 1,979 21,077 23,056
Net book value
At 31 December 2024 16 4,940 4,956
At 31 December 2023 22 6,586 6,608
4 Debtors 2024 2023
£ £
Other debtors 9,612 8,316
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 30,826 27,023
6 Other information
Keyholder Lettings Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
48a Aylesbury Street
Fenny Stratford
Milton Keynes
Buckinghamshire
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