Company registration number 11415306 (England and Wales)
KEY PROPERTY (HERTS) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
KEY PROPERTY (HERTS) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
KEY PROPERTY (HERTS) LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
20,447
20,447
Current assets
Debtors
4
100
100
Cash at bank and in hand
35,456
41,702
35,556
41,802
Creditors: amounts falling due within one year
5
(801)
(8,837)
Net current assets
34,755
32,965
Net assets
55,202
53,412
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
55,102
53,312
Total equity
55,202
53,412

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.

T he 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 Companies Act 2006 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.

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

The financial statements were approved by the board of directors and authorised for issue on 3 November 2025 and are signed on its behalf by:
J Crosskey
Director
Company registration number 11415306 (England and Wales)
KEY PROPERTY (HERTS) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Key Property (Herts) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Suite 7A, Building 6, Croxley Park, Hatters Lane, Watford, Hertfordshire, WD18 8YH.

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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Investment property

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 a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
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 balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors 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. Financial assets classified as receivable within one year are not amortised.

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.

KEY PROPERTY (HERTS) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

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

2025
2024
Number
Number
Total
2
2
3
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
20,447

The fair value of the investment property has been arrived at on the basis of a valuation carried by the director on 31 March 2025.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
100
100
KEY PROPERTY (HERTS) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
420
8,476
Other creditors
381
361
801
8,837
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Ordinary shares of £1 each
100
100
100
100

2025-03-31 2024-04-01 false false false 05 November 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity J Crosskey L Depiano-Crosskey 11415306 2024-04-01 2025-03-31 11415306 2025-03-31 11415306 2024-03-31 11415306 core:ShareCapital 2025-03-31 11415306 core:ShareCapital 2024-03-31 11415306 core:RetainedEarningsAccumulatedLosses 2025-03-31 11415306 core:RetainedEarningsAccumulatedLosses 2024-03-31 11415306 core:ShareCapitalOrdinaryShareClass1 2025-03-31 11415306 core:ShareCapitalOrdinaryShareClass1 2024-03-31 11415306 bus:Director1 2024-04-01 2025-03-31 11415306 2023-04-01 2024-03-31 11415306 2024-03-31 11415306 core:WithinOneYear 2025-03-31 11415306 core:WithinOneYear 2024-03-31 11415306 core:CurrentFinancialInstruments 2025-03-31 11415306 core:CurrentFinancialInstruments 2024-03-31 11415306 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 11415306 bus:OrdinaryShareClass1 2025-03-31 11415306 bus:OrdinaryShareClass1 2024-03-31 11415306 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11415306 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11415306 bus:FRS102 2024-04-01 2025-03-31 11415306 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11415306 bus:Director2 2024-04-01 2025-03-31 11415306 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP