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COMPANY REGISTRATION NUMBER: 13133584
KEY 900 LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
28 January 2024
KEY 900 LTD
STATEMENT OF FINANCIAL POSITION
28 January 2024
28 Jan 24
30 Jan 23
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
237,262
254,748
CURRENT ASSETS
Debtors
5
20,754
62,915
Cash at bank and in hand
3,331
--------
--------
24,085
62,915
CREDITORS: amounts falling due within one year
6
( 353,945)
( 356,023)
---------
---------
NET CURRENT LIABILITIES
( 329,860)
( 293,108)
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 92,598)
( 38,360)
--------
--------
NET LIABILITIES
( 92,598)
( 38,360)
--------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 92,698)
( 38,460)
--------
--------
SHAREHOLDERS DEFICIT
( 92,598)
( 38,360)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 28 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
KEY 900 LTD
STATEMENT OF FINANCIAL POSITION (continued)
28 January 2024
These financial statements were approved by the board of directors and authorised for issue on 13 August 2025 , and are signed on behalf of the board by:
L Schneider
Director
Company registration number: 13133584
KEY 900 LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 31 JANUARY 2023 TO 28 JANUARY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, LS1 4DJ, United Kingdom.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises rents received, excluding Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on the taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substanively enacted at the reporting date.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Fixtures and fittings
-
20% straight line
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
4. TANGIBLE ASSETS
Freehold property
Plant and machinery
Fixtures and fittings
Total
£
£
£
£
Cost
At 31 January 2023
146,404
19,572
115,857
281,833
Additions
12,000
12,000
---------
--------
---------
---------
At 28 January 2024
146,404
31,572
115,857
293,833
---------
--------
---------
---------
Depreciation
At 31 January 2023
3,914
23,171
27,085
Charge for the period
6,315
23,171
29,486
---------
--------
---------
---------
At 28 January 2024
10,229
46,342
56,571
---------
--------
---------
---------
Carrying amount
At 28 January 2024
146,404
21,343
69,515
237,262
---------
--------
---------
---------
At 30 January 2023
146,404
15,658
92,686
254,748
---------
--------
---------
---------
Investment property has been valued by the director, on an open market basis, as at 28 January 2024.
5. DEBTORS
28 Jan 24
30 Jan 23
£
£
Trade debtors
16,754
4,226
Other debtors
4,000
58,689
--------
--------
20,754
62,915
--------
--------
6. CREDITORS: amounts falling due within one year
28 Jan 24
30 Jan 23
£
£
Bank loans and overdrafts
780
Trade creditors
159,234
177,892
Other creditors
194,711
177,351
---------
---------
353,945
356,023
---------
---------