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REGISTERED NUMBER: 07811408 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

The Premier Keyholding Company (UK) Ltd

The Premier Keyholding Company (UK) Ltd (Registered number: 07811408)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Premier Keyholding Company (UK) Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: S Cooke





REGISTERED OFFICE: 1 Carlton Parade
Preston Road
Wembley
Middlesex
HA9 8NE





REGISTERED NUMBER: 07811408 (England and Wales)





ACCOUNTANTS: Preston Accountants Limited.
Chartered Certified Accountants
1 Carlton Parade
Preston Road
Wembley
Middlesex
HA9 8NE

The Premier Keyholding Company (UK) Ltd (Registered number: 07811408)

Statement of Financial Position
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 18,593 23,242
18,593 23,242

CURRENT ASSETS
Debtors 6 24,522 31,980

CREDITORS
Amounts falling due within one year 7 59,351 40,693
NET CURRENT LIABILITIES (34,829 ) (8,713 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,236

)

14,529

CREDITORS
Amounts falling due after more than one
year

8

11,122

21,128
NET LIABILITIES (27,358 ) (6,599 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (27,359 ) (6,600 )
SHAREHOLDERS' FUNDS (27,358 ) (6,599 )

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 director acknowledges his 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 Premier Keyholding Company (UK) Ltd (Registered number: 07811408)

Statement of Financial Position - continued
31 October 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 May 2025 and were signed by:





S Cooke - Director


The Premier Keyholding Company (UK) Ltd (Registered number: 07811408)

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

1. STATUTORY INFORMATION

The Premier Keyholding Company (UK) Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The Premier Keyholding Company (UK) Ltd (Registered number: 07811408)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 7,500
AMORTISATION
At 1 November 2023
and 31 October 2024 7,500
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 54,800
DEPRECIATION
At 1 November 2023 31,558
Charge for year 4,649
At 31 October 2024 36,207
NET BOOK VALUE
At 31 October 2024 18,593
At 31 October 2023 23,242

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 24,522 31,980

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 141 12,507
Taxation and social security 25,216 27,215
Other creditors 33,994 971
59,351 40,693

The Premier Keyholding Company (UK) Ltd (Registered number: 07811408)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 11,122 17,923
Other creditors - 3,205
11,122 21,128

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
1 Ordinary 1 1 1

10. RELATED PARTY DISCLOSURES

During the year ending 31 October 2024, Stuart Cooke controlled the company by virtue of a controlling interest (directly or indirectly) of 100% of the issued ordinary share capital.

11. GOING CONCERN

For the year ended 31 October 2024, the company incurred a loss of £20,757 and had net current liabilities of £27,354, reducing its cash resources; however, management is actively pursuing new contracts expected to boost future sales and has secured a £16,800 short-term bank loan to support daily operations.

As a result, these financial statements have been prepared on a going concern basis and do not include any adjustments to the carrying amounts and classification of assets, liabilities and reported expenses that may otherwise be required if the going concern basis was not appropriate.