Registered number
09160563
Key Property Consultants Limited
Filleted Accounts
31 August 2024
Key Property Consultants Limited
Registered number: 09160563
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,201 8,604
Current assets
Debtors 4 23,558 73,922
Cash at bank and in hand 831,821 777,629
855,379 851,551
Creditors: amounts falling due within one year 5 (800,587) (776,996)
Net current assets 54,792 74,555
Total assets less current liabilities 56,993 83,159
Creditors: amounts falling due after more than one year 6 13,014 2,423
Net assets 70,007 85,582
Capital and reserves
Called up share capital 100 100
Profit and loss account 69,907 85,482
Shareholders' funds 70,007 85,582
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.
Mr Adil Niazi
Director
Approved by the board on 25 April 2025
Key Property Consultants Limited
Notes to the Accounts
for the year ended 31 August 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Fixtures, fittings, tools and equipment Straight Line @ 25%
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 31,868
Additions 2,029
At 31 August 2024 33,897
Depreciation
At 1 September 2023 23,264
Charge for the year 8,432
At 31 August 2024 31,696
Net book value
At 31 August 2024 2,201
At 31 August 2023 8,604
4 Debtors 2024 2023
£ £
Trade debtors (27,514) (22,491)
Other debtors 51,072 96,413
23,558 73,922
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 19,000 31,000
Trade creditors 23,014 18,313
Taxation and social security costs 26,430 25,251
Other creditors 732,143 702,432
800,587 776,996
6 Creditors: amounts falling due after one year 2024 2023
£ £
Trade creditors (13,014) (2,423)
7 Other information
Key Property Consultants Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Fold
114 Station Road
Sidcup
Kent
DA15 7AE
Key Property Consultants Limited 09160563 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts April 2025 Mr Adil Niazi No description of principal activity 09160563 2022-09-01 2023-08-31 09160563 core:WithinOneYear 2023-08-31 09160563 core:AfterOneYear 2023-08-31 09160563 core:ShareCapital 2023-08-31 09160563 core:RetainedEarningsAccumulatedLosses 2023-08-31 09160563 2023-09-01 2024-08-31 09160563 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09160563 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09160563 bus:Director40 2023-09-01 2024-08-31 09160563 1 2023-09-01 2024-08-31 09160563 2 2023-09-01 2024-08-31 09160563 core:PlantMachinery 2023-09-01 2024-08-31 09160563 countries:England 2023-09-01 2024-08-31 09160563 bus:FRS102 2023-09-01 2024-08-31 09160563 bus:FilletedAccounts 2023-09-01 2024-08-31 09160563 2024-08-31 09160563 core:WithinOneYear 2024-08-31 09160563 core:AfterOneYear 2024-08-31 09160563 core:ShareCapital 2024-08-31 09160563 core:RetainedEarningsAccumulatedLosses 2024-08-31 09160563 core:PlantMachinery 2024-08-31 09160563 2023-08-31 09160563 core:PlantMachinery 2023-08-31 iso4217:GBP xbrli:pure