REGISTERED NUMBER: 03927438 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Keyload Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S E Gilhooly

W D Hill

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

REGISTERED NUMBER:

03927438 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Investment property

3

962,500

600,000

CREDITORS

Amounts falling due within one year

4

185,678

185,546

NET CURRENT LIABILITIES

(185,678

)

(185,546

)

TOTAL ASSETS LESS CURRENT LIABILITIES

776,822

414,454

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

298,133

298,133

Fair value reserve

420,003

57,503

Retained earnings

58,586

58,718

SHAREHOLDERS' FUNDS

776,822

414,454

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:

Mrs S E Gilhooly - Director

1.	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 amounts receivable for rents. Turnover is recognised when rentals are due in accordance with the lease terms.

Investment property

Investment property is not depreciated but is revalued annually at its fair value, in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss and transferred to a fair value reserve.

2.	EMPLOYEES AND DIRECTORS

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

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2023

600,000

Revaluations

362,500

At 31 October 2024

962,500

NET BOOK VALUE

At 31 October 2024

962,500

At 31 October 2023

600,000

Fair value at 31 October 2024 is represented by:

£

Valuation in 2024

962,500

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

2024

2023

£

£

Cost

542,497

542,497

Aggregate depreciation

(256,783

)

(245,933

)

Investment property was valued on a fair value basis on 31 October 2024 by the directors of the company .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Tax

245

245

Directors' current account

80,550

74,894

Accruals and deferred income

104,883

110,407

185,678

185,546