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Company Registration No. 14761334 (England and Wales)
Keyless Holding Limited Unaudited accounts for the year ended 31 December 2024
Keyless Holding Limited Unaudited accounts Contents
Page
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Keyless Holding Limited Company Information for the year ended 31 December 2024
Directors
Andrea Carmignani Lucio de Costanzo Giuseppe Stefano Quintarelli
Company Number
14761334 (England and Wales)
Registered Office
9th Floor 107 Cheapside London EC2V 6DN
Accountants
Selma Felton FCPFA for and behalf of Selma Felton Ltd Trading as On The Spot
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Keyless Holding Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
1,653,918 
- 
Fixed assets
Investments
12,992 
12,984 
Current assets
Debtors
3,995,077 
1,380,869 
Cash at bank and in hand
1,998 
81,760 
3,997,075 
1,462,629 
Creditors: amounts falling due within one year
(106,446)
(2,997)
Net current assets
3,890,629 
1,459,632 
Net assets
5,557,539 
1,472,616 
Capital and reserves
Called up share capital
1,116 
605 
Share premium
6,217,866 
- 
Capital contribution reserve
- 
1,975,210 
Profit and loss account
(661,443)
(503,199)
Shareholders' funds
5,557,539 
1,472,616 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by
Andrea Carmignani Director Company Registration No. 14761334
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Keyless Holding Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Keyless Holding Limited is a private company, limited by shares, registered in England and Wales, registration number 14761334. The registered office is 9th Floor 107 Cheapside, London, EC2V 6DN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard. Preparation of consolidated financial statements The financial statements contain information about Keyless holding Limited as an individual company and do not contain consolidated financial information as a parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Going concern
This is the second year of trading for the company. The Directors expect the company to grow and become profitable and therefore continue to support the going concern basis of accounting.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Called up share capital not paid
"Called up share capital not paid" refers to the amount of share capital issued in December 2024 for which payment was received after the financial year end. The company signed subscription agreements with Experian Ventures Limited and Rialto VC. The investments received are intended to support future business growth.
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2024
12,984 
Additions
8 
Valuation at 31 December 2024
12,992 
The company's investments as at 31 December 2024 in the share capital of companies include the following: Keyless Technologies Limited Class of shares: Ordinary 100% holding Aggregate capital and reserves (£1,345,543) Loss for the period (£3,706,135) Keyless Technologies Inc Class of shares: Ordinary 100% holding Aggregate capital and reserves (£7.65)
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Keyless Holding Limited Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
23 
17,401 
Amounts due from group undertakings etc.
3,995,054 
1,363,468 
3,995,077 
1,380,869 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
104,938 
17 
Amounts owed to group undertakings and other participating interests
8 
- 
Accruals
1,500 
2,980 
106,446 
2,997 
7
Capital contribution reserve
Shares relating to £1,975,210 investments received through advance subscription agreements in the previous financial year were issued in December 2024 according to the conditions set out in the signed agreements.
8
Transactions with related parties
Related party transactions include an intercompany loan debtor of £3,995,054 owed by its subsidiary Keyless Technologies Limited. No interest has been charged on this loan during the year.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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