Registered number
11024441
KEYCHAIN INVESTMENTS LTD
Filleted Accounts
31 October 2024
KEYCHAIN INVESTMENTS LTD
Registered number: 11024441
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 604,413 604,413
Current assets
Cash at bank and in hand 149,046 184,941
Creditors: amounts falling due within one year 4 (9,493) (14,708)
Net current assets 139,553 170,233
Total assets less current liabilities 743,966 774,646
Creditors: amounts falling due after more than one year 5 (513,230) (555,134)
Net assets 230,736 219,512
Capital and reserves
Called up share capital 166,100 166,100
Profit and loss account 64,636 53,412
Shareholders' funds 230,736 219,512
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.
Dr S Rashid
Director
Approved by the board on 25 July 2025
KEYCHAIN INVESTMENTS LTD
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
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.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2023 604,413
At 31 October 2024 604,413
Depreciation
At 31 October 2024 -
Net book value
At 31 October 2024 604,413
At 31 October 2023 604,413
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,634 7,516
Other creditors 6,859 7,192
9,493 14,708
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 303,803 309,975
Other creditors 209,427 245,159
513,230 555,134
6 Other information
KEYCHAIN INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
5 Lyndean Gardens
Bradford
BD10 8TP
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