Key Produce Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 06551111

		2024		2023
	Notes	$	$	$	$
FIXED ASSETS
Investments	4		1,532		1,532

			1,532		1,532
Creditors: Amounts Falling Due Within One Year	5	87,198		97,071

NET CURRENT ASSETS (LIABILITIES)			87,198		97,071

TOTAL ASSETS LESS CURRENT LIABILITIES			88,730		98,603

NET ASSETS			88,730		98,603

CAPITAL AND RESERVES
Called up share capital	6		19,901		19,901
Profit and Loss Account			68,829		78,702

SHAREHOLDERS' FUNDS			88,730		98,603

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 director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Desire Thierry Rodney Hervet

Director

26/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Key Produce Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06551111 . The registered office is Birchin Court , 20 Birchin Lane , London , EC3V 9DJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3.

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.

Financial instruments are recognised in the company's statement of financial position when the company becomes

party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a

legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to

realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured

at transaction price including transaction costs and are subsequently carried at amortised cost using the effective

interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the

present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

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

company after deducting all of its liabilities.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group

companies and preference shares that are classified as debt, are initially recognised at transaction price unless the

arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the

future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or

less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price

and subsequently measured at amortised cost using the effective interest method.

2.4.

Foreign currencies

Assets and liabilities in foreign currencies are translated into USD at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into USD at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

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Key Produce Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Investments

	Other
	$
Cost or Valuation
As at 1 January 2024	1,532

As at 31 December 2024	1,532

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	1,532

As at 1 January 2024	1,532

5. Creditors: Amounts Falling Due Within One Year

	2024	2023
	$	$
Other creditors	1	-
Amounts owed to other participating interests	(87,199 )	(97,071 )

	(87,198 )	(97,071 )

7. Ultimate Controlling Party

The company's ultimate controlling party is Mr Stefano Trumpy by virtue of his ownership of 100% of the issued share capital in the company.

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