1 February 2024 v2025.61.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP145945112024-02-012025-01-31145945112025-01-31145945112024-01-3114594511core:WithinOneYear2025-01-3114594511core:WithinOneYear2024-01-3114594511core:ShareCapital2025-01-3114594511core:ShareCapital2024-01-3114594511core:OtherReservesSubtotal2025-01-3114594511core:RetainedEarningsAccumulatedLosses2025-01-3114594511core:RetainedEarningsAccumulatedLosses2024-01-3114594511bus:Director12024-02-012025-01-3114594511bus:RegisteredOffice2024-02-012025-01-3114594511core:PlantMachinery2024-02-012025-01-3114594511core:PlantMachinery2025-01-311459451112024-02-012025-01-31145945112023-01-162024-01-3114594511countries:EnglandWales2024-02-012025-01-3114594511bus:AuditExemptWithAccountantsReport2024-02-012025-01-3114594511bus:PrivateLimitedCompanyLtd2024-02-012025-01-3114594511bus:SmallEntities2024-02-012025-01-3114594511bus:FullAccounts2024-02-012025-01-31
Company registration number:
14594511
Keybento Ltd
Unaudited Filleted Financial Statements for the year ended
31 January 2025
Keybento Ltd
Statement of Financial Position
31 January 2025
20252024
Note££
Fixed assets    
Tangible assets 5
1,961
  -  
Current assets    
Debtors 6
100
 
1,123
 
Cash at bank and in hand
58,827
 
855
 
58,927
 
1,978
 
Creditors: amounts falling due within one year 7
(8,596
 )
(23,161
 )
Net current assets/(liabilities)
50,331
 
(21,183
 )
Total assets less current liabilities 52,292   (21,183 )
Capital and reserves    
Called up share capital
2
 
2
 
Other reserves
85,460
  -  
Profit and loss account
(33,170
 )
(21,185
 )
Shareholders funds/(deficit)
52,292
 
(21,183
 )
For the year ending
31 January 2025
, 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 year 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.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
19 September 2025
, and are signed on behalf of the board by:
Herve Ky
Director
Company registration number:
14594511
Keybento Ltd
Notes to the Financial Statements
Year ended
31 January 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
137 Gloucester Avenue
,
London
,
NW1 8LA
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% Reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Advanced Subscription Agreements

Funds received under Advanced Subscription Agreements (“ASAs”) represent equity instruments, as the contractual terms require settlement through the issue of equity shares in the Company and do not give rise to a contractual obligation to deliver cash or other financial assets. Amounts received are therefore recognised in equity as other reserves and not as financial liabilities. The ASAs convert automatically into shares at the agreed longstop date (or earlier, if specified conditions are met) in accordance with the terms of the agreements. No gain or loss is recognised on conversion.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2024: Nil).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 February 2024
 -  
Additions
2,241
 
At
31 January 2025
2,241
 
Depreciation  
At
1 February 2024
 -  
Charge
280
 
At
31 January 2025
280
 
Carrying amount  
At
31 January 2025
1,961
 
At 31 January 2024 -  

6 Debtors

20252024
££
Other debtors
100
 
1,123
 

7 Creditors: amounts falling due within one year

20252024
££
Other creditors
8,596
 
23,161
 

8 Guarantees and other financial commitments

During the year, the Company received funds under Advanced Subscription Agreements (“ASAs”) amounting to £85,460. The ASAs are contractual arrangements under which the investors have subscribed in advance for shares to be issued by the Company. In accordance with FRS 102, the monies received are classified as equity instruments rather than financial liabilities, as the subscription agreements are structured such that settlement will be made by the issue of a fixed number of equity instruments and do not provide for repayment in cash. The ASAs will convert automatically into shares at the agreed longstop date in accordance with the terms of the agreements. As at the reporting date, no shares have yet been issued in respect of these ASAs.

9 Directors' advances, credit and guarantees

The company owed the Directors a sum of £7,795 as of 31st JAN 2025.