REGISTERED NUMBER: 10139182 (England and Wales)

Keyway Property Ltd

Unaudited Financial Statements for the Year Ended 30 April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N D Hird

Mrs F Hird

REGISTERED OFFICE:

Orchard Dene

Pirbright Road

Normandy

Guildford

Surrey

GU3 2HT

REGISTERED NUMBER:

10139182 (England and Wales)

ACCOUNTANTS:

Hughes Waddell

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

FIXED ASSETS

Tangible assets

4

13,766

17,930

Investment property

5

1,058,806

1,058,806

1,072,572

1,076,736

CURRENT ASSETS

Cash at bank

141

946

CREDITORS

Amounts falling due within one year

6

424,997

469,524

NET CURRENT LIABILITIES

(424,856

)

(468,578

)

TOTAL ASSETS LESS CURRENT LIABILITIES

647,716

608,158

PROVISIONS FOR LIABILITIES

101,170

101,170

NET ASSETS

546,546

506,988

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

326,840

326,840

Retained earnings

219,606

180,048

546,546

506,988

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

N D Hird - Director

1.	STATUTORY INFORMATION

Keyway Property Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2024

1,450

25,850

1,878

29,178

Additions

-

-

660

660

At 30 April 2025

1,450

25,850

2,538

29,838

DEPRECIATION

At 1 May 2024

484

8,886

1,878

11,248

Charge for year

363

4,241

220

4,824

At 30 April 2025

847

13,127

2,098

16,072

NET BOOK VALUE

At 30 April 2025

603

12,723

440

13,766

At 30 April 2024

966

16,964

-

17,930

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

1,058,806

NET BOOK VALUE

At 30 April 2025

1,058,806

At 30 April 2024

1,058,806

Fair value at 30 April 2025 is represented by:

£

Valuation in 2017

108,598

Valuation in 2018

301,081

Valuation in 2021

(5,000

)

Cost

654,127

1,058,806

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Taxation and social security

9,894

9,344

Other creditors

415,103

460,180

424,997

469,524