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REGISTERED NUMBER: 09724271 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 AUGUST 2024

FOR

KEYBRIDGE DEVELOPMENTS LIMITED

KEYBRIDGE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09724271)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEYBRIDGE DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 AUGUST 2024







DIRECTORS: T P Murphy
Mrs C F Murphy





REGISTERED OFFICE: Jamesons Limited
6 Compton Way
Witney
Oxfordshire
OX28 3AB





REGISTERED NUMBER: 09724271 (England and Wales)





ACCOUNTANTS: Jamesons Limited
Jamesons House
Compton Way
Witney
OX28 3AB

KEYBRIDGE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09724271)

BALANCE SHEET
30 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 40,028 16,220
Investment property 5 3,042,898 8,076,244
3,082,926 8,092,464

CURRENT ASSETS
Stocks 1,010,532 -
Debtors 6 42,611 186,349
Cash at bank 32,515 116,773
1,085,658 303,122
CREDITORS
Amounts falling due within one year 7 241,440 65,562
NET CURRENT ASSETS 844,218 237,560
TOTAL ASSETS LESS CURRENT LIABILITIES 3,927,144 8,330,024

CREDITORS
Amounts falling due after more than one
year

8

3,861,866

8,488,574
NET ASSETS/(LIABILITIES) 65,278 (158,550 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 65,276 (158,552 )
65,278 (158,550 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KEYBRIDGE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09724271)

BALANCE SHEET - continued
30 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





T P Murphy - Director


KEYBRIDGE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09724271)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024

1. STATUTORY INFORMATION

Keybridge Developments Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 33% on cost, 25% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown as its total purchase price, including associated purchase costs, and no revaluation has been made on the properties.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. For the purpose of the cash flow statement, cash and cash equivalents consist of cash and cash equivalents as defined above, net of outstanding bank overdrafts.

Short-term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other operating expenses.

Financial liabilities and equity instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


KEYBRIDGE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09724271)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 August 2023 28,575
Additions 41,584
Disposals (28,575 )
At 30 August 2024 41,584
DEPRECIATION
At 31 August 2023 12,355
Charge for year 3,989
Eliminated on disposal (14,788 )
At 30 August 2024 1,556
NET BOOK VALUE
At 30 August 2024 40,028
At 30 August 2023 16,220

KEYBRIDGE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09724271)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2024

5. INVESTMENT PROPERTY
Total
£   
COST
At 31 August 2023 8,076,244
Additions 354,929
Disposals (5,388,275 )
At 30 August 2024 3,042,898
NET BOOK VALUE
At 30 August 2024 3,042,898
At 30 August 2023 8,076,244

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 42,611 186,349

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 24,974 -
Other creditors 206,466 55,562
241,440 65,562

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,500 17,500
Other creditors 3,854,366 8,471,074
3,861,866 8,488,574

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 1,468,426 4,829,011

The mortgages are secured by a fixed charge over the investment properties held by the company.