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REGISTERED NUMBER: 02513534 (England and Wales)















DARBY KEYE PROPERTY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






DARBY KEYE PROPERTY LIMITED (REGISTERED NUMBER: 02513534)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

DARBY KEYE PROPERTY LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: J E Darby
C J Keye





SECRETARY: C J Keye





REGISTERED OFFICE: Suite G2
Priest House
1624-1628 High Street
Knowle
Solihull
B93 0JU





REGISTERED NUMBER: 02513534 (England and Wales)





ACCOUNTANTS: Phoenix Associates Limited
Chartered Certified Accountants
The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW

DARBY KEYE PROPERTY LIMITED (REGISTERED NUMBER: 02513534)

BALANCE SHEET
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,229 4,076

CURRENT ASSETS
Debtors 5 110,408 100,164
Cash at bank 439,354 594,587
549,762 694,751
CREDITORS
Amounts falling due within one year 6 170,932 201,714
NET CURRENT ASSETS 378,830 493,037
TOTAL ASSETS LESS CURRENT
LIABILITIES

382,059

497,113

PROVISIONS FOR LIABILITIES 807 1,019
NET ASSETS 381,252 496,094

CAPITAL AND RESERVES
Called up share capital 7 190 190
Capital redemption reserve 8 10 10
Retained earnings 8 381,052 495,894
SHAREHOLDERS' FUNDS 381,252 496,094

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

DARBY KEYE PROPERTY LIMITED (REGISTERED NUMBER: 02513534)

BALANCE SHEET - continued
31 December 2024


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 9 April 2025 and were signed on its behalf by:




C J Keye - Director



J E Darby - Director


DARBY KEYE PROPERTY LIMITED (REGISTERED NUMBER: 02513534)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Darby Keye Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost

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 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 2 (2023 - 2 ) .

DARBY KEYE PROPERTY LIMITED (REGISTERED NUMBER: 02513534)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024 26,831
Additions 157
At 31 December 2024 26,988
DEPRECIATION
At 1 January 2024 22,755
Charge for year 1,004
At 31 December 2024 23,759
NET BOOK VALUE
At 31 December 2024 3,229
At 31 December 2023 4,076

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 109,033 99,539
Other debtors 1,375 625
110,408 100,164

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade creditors 2,979 1,402
Taxation and social security 155,987 189,214
Other creditors 11,966 11,098
170,932 201,714

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/24 31/12/23
value: £    £   
190 Ordinary £1 190 190

DARBY KEYE PROPERTY LIMITED (REGISTERED NUMBER: 02513534)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2024 495,894 10 495,904
Profit for the year 380,740 380,740
Dividends (495,582 ) (495,582 )
At 31 December 2024 381,052 10 381,062

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DARBY KEYE PROPERTY LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit & Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Darby Keye Property Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Darby Keye Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Darby Keye Property Limited and state those matters that we have agreed to state to the Board of Directors of Darby Keye Property Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Darby Keye Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Darby Keye Property Limited. You consider that Darby Keye Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Darby Keye Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Phoenix Associates Limited
Chartered Certified Accountants
The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW


9 April 2025