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Registration number: 12255914

Keypad Homes Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Keypad Homes Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Keypad Homes Ltd

Company Information

Directors

Mrs Suzanne Natasha Munir

Mr Scott David Moran

Registered office

1 Market Hill
Calne
Wiltshire
SN11 0BT

Accountants

Property Tax Advice Ltd 1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Keypad Homes Ltd

(Registration number: 12255914)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

588

929

Investment property

6

2,334,217

1,525,000

 

2,334,805

1,525,929

Current assets

 

Debtors

7

38,526

1,350

Cash at bank and in hand

 

85,830

96,447

 

124,356

97,797

Creditors: Amounts falling due within one year

8

(3,673)

(9,534)

Net current assets

 

120,683

88,263

Total assets less current liabilities

 

2,455,488

1,614,192

Creditors: Amounts falling due after more than one year

8

(2,278,084)

(1,356,168)

Provisions for liabilities

(33,344)

(46,644)

Net assets

 

144,060

211,380

Capital and reserves

 

Called up share capital

1,000

1,000

Revaluation reserve

142,152

198,852

Retained earnings

908

11,528

Shareholders' funds

 

144,060

211,380

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 23 April 2025 and signed on its behalf by:
 

 

Keypad Homes Ltd

(Registration number: 12255914)
Balance Sheet as at 31 October 2024 (continued)

.........................................
Mrs Suzanne Natasha Munir
Director

 

Keypad Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Market Hill
Calne
Wiltshire
SN11 0BT
England

These financial statements were authorised for issue by the Board on 23 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Keypad Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

2

Accounting policies (continued)

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director used observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 0).

4

Profit before tax

Arrived at after charging/(crediting)

 

Keypad Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

4

Profit before tax (continued)

2024
£

2023
£

Depreciation expense

342

342

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2023

1,367

1,367

At 31 October 2024

1,367

1,367

Depreciation

At 1 November 2023

438

438

Charge for the year

341

341

At 31 October 2024

779

779

Carrying amount

At 31 October 2024

588

588

At 31 October 2023

929

929

6

Investment properties

2024
£

At 1 November

1,525,000

Additions

879,217

Fair value adjustments

(70,000)

At 31 October

2,334,217

The fair value of the property at 31st October 2024 has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation of £2,334,217 was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated.

7

Debtors

 

Keypad Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

7

Debtors (continued)

Current

2024
£

2023
£

Prepayments

38,526

1,150

Other debtors

-

200

 

38,526

1,350

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

34

13

Taxation and social security

1,134

7,016

Accruals and deferred income

405

405

Other creditors

2,100

2,100

3,673

9,534

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

2,278,084

1,356,168

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

2,278,084

1,356,168