Company registration number 08650322 (England and Wales)
BARTLEY KEYS PROPERTIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
BARTLEY KEYS PROPERTIES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
BARTLEY KEYS PROPERTIES LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
5
1,000,000
1,000,000
Current assets
Debtors
6
1,420
1,231
Cash at bank and in hand
5,716
3,667
7,136
4,898
Creditors: amounts falling due within one year
7
(97,741)
(91,311)
Net current liabilities
(90,605)
(86,413)
Total assets less current liabilities
909,395
913,587
Creditors: amounts falling due after more than one year
8
(269,955)
(282,491)
Provisions for liabilities
(105,445)
(105,445)
Net assets
533,995
525,651
Capital and reserves
Called up share capital
75
75
Revaluation reserve
362,636
362,636
Capital redemption reserve
25
25
Profit and loss reserves
171,259
162,915
Total equity
533,995
525,651

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

BARTLEY KEYS PROPERTIES LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 22 July 2025 and are signed on its behalf by:
D Howard
Director
Company Registration No. 08650322
BARTLEY KEYS PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Bartley Keys Properties Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Wellesley House, Duke of Wellington Avenue, Royal Arsenal, London, SE18 6SS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents rental income from investment properties, which is recognised on an accruals basis, with any outstanding rental income at the year end included within trade debtors. Any rent received which relates to future periods is included as deferred income.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

BARTLEY KEYS PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
5
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
1,000,000

Investment property comprises of residential properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2022 by Derbyshire Properties, who are not connected to the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The historical cost of properties totalled £531,920 (2024 £531,920).

6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1,420
1,231
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
14,484
11,106
Taxation and social security
1,814
610
Other creditors
81,443
79,595
97,741
91,311
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
269,955
282,491

The long-term bank loans are secured by fixed and floating charges over the assets of the company.

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