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
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
Keyless Holding Limited
Statement of financial position
as at 31 December 2024
Called up share capital not paid
1,653,918
-
Debtors
3,995,077
1,380,869
Cash at bank and in hand
1,998
81,760
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
Called up share capital
1,116
605
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
Keyless Holding Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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)
Keyless Holding Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
3,995,054
1,363,468
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
-
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).