Company Registration No. 12343867 (England and Wales)
Key 274 Limited
Unaudited accounts
for the year ended 31 March 2025
Key 274 Limited
Unaudited accounts
Contents
Key 274 Limited
Company Information
for the year ended 31 March 2025
Directors
Neha Khosla
Paul Hageman
Triveni Narayanswamy
Deepak Khosla
Company Number
12343867 (England and Wales)
Registered Office
Union House
111 New Union Street
Coventry
West Midlands
CV1 2NT
United Kingdom
Key 274 Limited
Statement of financial position
as at 31 March 2025
Tangible assets
725,173
727,244
Cash at bank and in hand
40,085
24,126
Creditors: amounts falling due within one year
(23,758)
(1,690)
Net current assets
23,142
26,252
Total assets less current liabilities
748,315
753,496
Creditors: amounts falling due after more than one year
(573,750)
(573,750)
Net assets
174,565
179,746
Called up share capital
320,000
320,000
Profit and loss account
(145,435)
(140,254)
Shareholders' funds
174,565
179,746
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 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 and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by
Triveni Narayanswamy
Director
Company Registration No. 12343867
Key 274 Limited
Notes to the Accounts
for the year ended 31 March 2025
Key 274 Limited is a private company, limited by shares, registered in England and Wales, registration number 12343867. The registered office is Union House, 111 New Union Street, Coventry, West Midlands, CV1 2NT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 years
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2024
725,000
10,356
735,356
At 31 March 2025
725,000
10,356
735,356
At 1 April 2024
-
8,112
8,112
Charge for the year
-
2,071
2,071
At 31 March 2025
-
10,183
10,183
At 31 March 2025
725,000
173
725,173
At 31 March 2024
725,000
2,244
727,244
Amounts falling due within one year
Accrued income and prepayments
6,815
3,816
Key 274 Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
573,750
573,750
The bank loan is secured against the land and buildings of the company. The loan is repayable on 4 May 2030. The interest rate is fixed at 3.29% until 3 May 2025 and is 4.99% above Bank of England base rate thereafter.
8
Average number of employees
During the year the average number of employees was 4 (2024: 4).