Key Properties and Gardens Ltd

Registered number

11737703

Filleted Accounts

31 March 2026

Key Properties and Gardens Ltd
Registered number:		11737703
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		723,937			728,162

Current assets
Debtors	4	16,139			10,501
Cash at bank and in hand		2,148			38
		18,287			10,539

Creditors: amounts falling due within one year	5	(504,654)			(508,204)

Net current liabilities			(486,367)			(497,665)

Total assets less current liabilities			237,570			230,497


Provisions for liabilities			(2,225)			(2,518)


Net assets			235,345			227,979

Capital and reserves
Called up share capital			100			100
Revaluation reserve	6		182,047			182,047
Profit and loss account			53,198			45,832

Shareholders' funds			235,345			227,979

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr D Wright
Director
Approved by the board on 31 August 2026

Key Properties and Gardens Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	not being depreciated
	Leasehold land and buildings	over the lease term
	Plant and machinery	15% on a Reducing Balance basis
	Fixtures, fittings, tools and equipment	15% on a Reducing Balance basis

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			0		0


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2025	700,000		48,668		748,668
	At 31 March 2026	700,000		48,668		748,668

	Depreciation
	At 1 April 2025	-		20,506		20,506
	Charge for the year	-		4,225		4,225
	At 31 March 2026	-		24,731		24,731

	Net book value
	At 31 March 2026	700,000		23,937		723,937
	At 31 March 2025	700,000		28,162		728,162


	Freehold land and buildings:			2026		2025
£					£
	Historical cost			700,000		700,000
	Cumulative depreciation based on historical cost			-		-
				700,000		700,000
	Investment property comprises £700,000 (2024: £700,000). The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2026 by the Directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.


4	Debtors			2026		2025
£					£

	Trade debtors			15,703		10,501
	Other debtors			436		-
				16,139		10,501


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Taxation and social security costs			2,057		2,589
	Other creditors			502,597		505,615
				504,654		508,204


6	Revaluation reserve			2026		2025
£					£

	At 1 April 2025			182,047		132,047
	Gain on revaluation of land and buildings			-		40,500
	Deferred taxation arising on the revaluation of land and buildings			-		9,500

	At 31 March 2026			182,047		182,047


7	Other information

	Key Properties and Gardens Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Broghas Cottage
	Quay Road
	St Agnes
	Cornwall
	TR5 0RS