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Company Registration No. 10589936 (England and Wales)
KEY PROPERTY RENTALS LIMITED
Financial Statements
for the Period from 01 February 2024 to 31 January 2025

KEY PROPERTY RENTALS LIMITED

Financial Statements for the period ending 31 January 2025

CONTENTS PAGE
Company Information 2
Statement of Financial Position 3
Notes to the Accounts 4
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KEY PROPERTY RENTALS LIMITED

Financial Statements for the period ending 31 January 2025

Company Information

Company Details
Company Number 10589936
Registered Office LOWFIELDS HOUSE
BURTON IN LONSDALE
CARNFORTH
LA6 3LB
Directors
Directors who held office during the period were:
Kevin DAVIES   
Maxwell DAVIES   
Phillipa Jane DAVIES   
Rebecca Jane DAVIES   
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KEY PROPERTY RENTALS LIMITED

Financial Statements for the period ending 31 January 2025

Statement of Financial Position

1234567
Notes 2025 2024
£ £
Fixed Assets
Tangible assets 5 440,088 -
Current Assets
Debtors due 43,918 51,164
Cash at bank and in hand 38,740 345,404
82,658 396,568
Creditors
Amount falling due within one year (147,942) (97,672)
Net Current Assets (65,284) 298,896
Total Assets less current liabilities 374,804 298,896
Net Assets 374,804 298,896
Capital and Reserves
Called up Share Capital 100 100
Retained earnings at end of year 374,704 298,796
Shareholder funds 374,804 298,896
For the year ending 31/01/2025 the company was entitled to exemption 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 31 October 2025
K DAVIES
Company Registration No. 10589936
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KEY PROPERTY RENTALS LIMITED

Financial Statements for the period ending 31 January 2025

Notes to the Accounts

1. Statutory Information
KEY PROPERTY RENTALS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10589936.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of rents received or receivable in respect of the rental of properties during the year. Revenue from the rental of properties is recognised on a straight line basis over the period to which the rental applies. Revenue is recognised from the inception of the contract; when the amount of revenue can be measured reliably and it is probable that the associated economic benefits will flow to the entity.
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KEY PROPERTY RENTALS LIMITED

Financial Statements for the period ending 31 January 2025

Notes to the Accounts

Current Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on 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 substantively enacted at the reporting date.
Tangible Fixed Asset Policy
The freehold land and buildings are classed as investment properties. FRS 102 Section 1A requires that investment properties are shown at fair value in the financial statements in order to show a true and fair view. The directors of the company have sufficient knowledge of property prices in the local area and, as such, they consider the value in the financial statements to be representative of the fair value.
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KEY PROPERTY RENTALS LIMITED

Financial Statements for the period ending 31 January 2025

Notes to the Accounts

Deferred Tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
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KEY PROPERTY RENTALS LIMITED

Financial Statements for the period ending 31 January 2025

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2025 0
2024 0
4. Principal Activity
Management of rental property
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KEY PROPERTY RENTALS LIMITED

Financial Statements for the period ending 31 January 2025

Notes to the Accounts

5. Fixed Assets
Land and buildings Total
Cost or valuation £ £
At 01/02/2024 - -
Additions 440,088 440,088
At 31/01/2025 440,088 440,088
Depreciation
At 01/02/2024 - -
Charge for the year - -
At 31/01/2025 - -
Net Book Value
At 31/01/2025 440,088 440,088
At 31/01/2024 - -
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