REGISTERED NUMBER: OC380039 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

KEY CONVEYANCING LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

S Sgoluppi

JTW Turner

REGISTERED OFFICE:

St Edmunds House

St Edmunds Rd

Northampton

Northamptonshire

NN1 5DY

REGISTERED NUMBER:

OC380039 (England and Wales)

ACCOUNTANTS:

Bewers Turner & Co LLP

Chartered Accountants

Portland House

11-13 Station Road

Kettering

Northamptonshire

NN15 7HH

FIXED ASSETS

Tangible assets

4

153,259

227,923

CURRENT ASSETS

Debtors

5

752,383

644,488

Cash at bank

2,467,110

885,952

3,219,493

1,530,440

CREDITORS

Amounts falling due within one year

6

985,515

484,058

NET CURRENT ASSETS

2,233,978

1,046,382

TOTAL ASSETS LESS CURRENT LIABILITIES

2,387,237

1,274,305

CREDITORS

Amounts falling due after more than one year

7

37,071

41,479

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,350,166

1,232,826

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

2,349,166

1,232,826

MEMBERS' OTHER INTERESTS

Capital accounts

1,000

-

2,350,166

1,232,826

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

2,349,166

1,232,826

Members' other interests

1,000

-

2,350,166

1,232,826

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31st March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 2nd December 2025 and were signed by:

S Sgoluppi - Designated member

1.	STATUTORY INFORMATION

Key Conveyancing LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historic cost basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

15% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period.The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

The company is party to only basic financial instruments such as cash, trade debtors and creditors. Instruments such as trade debtors and creditors are initially recognised at their transaction cost and reviewed at the year end for impairment.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 109 (2024 - 98 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

467,553

Additions

52,440

Disposals

(213,434

)

At 31st March 2025

306,559

DEPRECIATION

At 1st April 2024

239,630

Charge for year

85,587

Eliminated on disposal

(171,917

)

At 31st March 2025

153,300

NET BOOK VALUE

At 31st March 2025

153,259

At 31st March 2024

227,923

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

501,813

449,789

Other debtors

250,570

194,699

752,383

644,488

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

65,567

69,988

Hire purchase contracts (see note 8)

4,408

4,039

Trade creditors

186,211

84,873

Taxation and social security

674,282

296,125

Other creditors

55,047

29,033

985,515

484,058

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

37,071

41,479

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

4,408

4,039

Between one and five years

37,071

41,479

41,479

45,518

At the year end the company had total commitments under operating leases expiring within 5 years of £538,802 (2024: £660,532).

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members would rank after all other creditors.

10.	ULTIMATE CONTROLLING PARTY

In the opinion of the members there is no individual controlling party.