Launchkeen Limited iXBRL

Launchkeen Limited

Abridged Unaudited Financial Statements

for the financial year ended 1 March 2025

Launchkeen Limited

Company Registration Number: 2566718

ABRIDGED BALANCE SHEET

as at 1 March 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

44,028

44,028

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Current Assets

Cash at bank and in hand

20,729

16,990

Creditors: amounts falling due within one year

(358)

(341)

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Net Current Assets

20,371

16,649

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Total Assets less Current Liabilities

64,399

60,677

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Capital and Reserves

Called up share capital

Share premium account

42,203

42,203

Retained earnings

22,159

18,437

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Shareholders' Funds

64,399

60,677

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The financial statements 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).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.

For the financial year ended 1 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 17 October 2025 and signed on its behalf by

________________________________

Mr A Boatswain

Director

________________________________

Mr P Griffiths

Director

Launchkeen Limited

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 1 March 2025

General Information

Launchkeen Limited is a company limited by shares incorporated in the United Kingdom. 19 Weare Close, Portland, Dorset, DT5 1JP, United Kingdom is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 1 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Land and buildings freehold

Nil Depreciation

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation is not provided on land and buildings as the properties are maintained in a continual state of sound repair and have a residual value not materially different from the amount that the properties are included in the accounts. The directors also consider that the remaining useful life of the property is more than 50 years and therefore the depreciation charge would be insignificant.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation

The company is organised for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to an organization which itself is exempt under this section.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including directors, during the financial year was 2, (2024 - 2).


4.	Tangible assets
		Land and	Total
		buildings
		freehold
		£	£
	Cost
	At 2 March 2024	44,028	44,028
		─────────	─────────

	At 1 March 2025	44,028	44,028
		─────────	─────────
	Depreciation
	At 2 March 2024	-	-
		─────────	─────────
	At 1 March 2025	-	-
		─────────	─────────
	Net book value
	At 1 March 2025	44,028	44,028
		═════════	═════════
	At 1 March 2024	44,028	44,028
		═════════	═════════

Reserves

Share Premium Reserve

The amount carried forward is the premium that arose from the issue of shares in 2010.