Company Registration No. 13150475 (England and Wales)
KEY 4 KEY HOMES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
KEY 4 KEY HOMES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
KEY 4 KEY HOMES LTD
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
55,896
17,290
Investment property
4
2,260,000
2,655,000
2,315,896
2,672,290
Current assets
Cash at bank and in hand
108,385
16,128
Creditors: amounts falling due within one year
5
(774,377)
(839,481)
Net current liabilities
(665,992)
(823,353)
Total assets less current liabilities
1,649,904
1,848,937
Creditors: amounts falling due after more than one year
6
(1,351,165)
(1,810,147)
Provisions for liabilities
(62,235)
(10,372)
Net assets
236,504
28,418
Capital and reserves
Called up share capital
100
100
Non-distributable profits reserve
306,817
196,969
Distributable profit and loss reserves
(70,413)
(168,651)
Total equity
236,504
28,418
KEY 4 KEY HOMES LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 2 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 August 2026 and are signed on its behalf by:
Mrs M D Canty
Director
Company registration number 13150475 (England and Wales)
KEY 4 KEY HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

Key 4 Key Homes Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor, 3 & 4 Cranmere Court, Lustleigh Close, Matford Business Park, Exeter, Devon, EX2 8PW.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a going concern basis, as the company continues to have the support of its directors.true

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% straight line
Computers
25% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

KEY 4 KEY HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

KEY 4 KEY HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2025
32,789
2,397
-
0
35,186
Additions
2,961
2,518
59,274
64,753
Disposals
(5,118)
-
0
-
0
(5,118)
At 31 March 2026
30,632
4,915
59,274
94,821
Depreciation and impairment
At 1 April 2025
16,578
1,318
-
0
17,896
Depreciation charged in the year
6,127
1,147
14,819
22,093
Eliminated in respect of disposals
(1,064)
-
0
-
0
(1,064)
At 31 March 2026
21,641
2,465
14,819
38,925
KEY 4 KEY HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
3
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
(Continued)
- 6 -
Carrying amount
At 31 March 2026
8,991
2,450
44,455
55,896
At 31 March 2025
16,211
1,079
-
0
17,290
4
Investment property
2026
£
Fair value
At 1 April 2025
2,655,000
Additions
7,154
Disposals
(537,769)
Revaluations
135,615
At 31 March 2026
2,260,000

The directors have revalued the property and deem the amount at the balance sheet date to be the current market value.

There has been no valuation of investment property by an independent valuer.

5
Creditors: amounts falling due within one year
2026
2025
£
£
Obligations under finance leases
2,181
-
0
Other creditors
763,272
830,617
Accruals and deferred income
8,924
8,864
774,377
839,481
6
Creditors: amounts falling due after more than one year
2026
2025
Notes
£
£
Bank loans and overdrafts
1,318,527
1,810,147
Obligations under finance leases
32,638
-
0
1,351,165
1,810,147

The bank loans are secured by way of fixed charges against the company's investment properties.

7
Directors' transactions
KEY 4 KEY HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
7
Directors' transactions
(Continued)
- 7 -

During the period the company benefitted from loans given by the directors. At the balance sheet date, the amount owed by the company was £763,272 (2025 - £830,617).

Interest has been charged on loaned amounts and there is no set repayment date.

2026-03-31 2025-04-01 false false false 12 August 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr T J P Canty Mrs M D Canty 13150475 2025-04-01 2026-03-31 13150475 2026-03-31 13150475 2025-03-31 13150475 core:FurnitureFittings 2026-03-31 13150475 core:ComputerEquipment 2026-03-31 13150475 core:MotorVehicles 2026-03-31 13150475 core:FurnitureFittings 2025-03-31 13150475 core:ComputerEquipment 2025-03-31 13150475 core:MotorVehicles 2025-03-31 13150475 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 13150475 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 13150475 core:Non-currentFinancialInstruments core:AfterOneYear 2026-03-31 13150475 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 13150475 core:Non-currentFinancialInstruments 2026-03-31 13150475 core:Non-currentFinancialInstruments 2025-03-31 13150475 core:ShareCapital 2026-03-31 13150475 core:ShareCapital 2025-03-31 13150475 core:FurtherSpecificReserve1ComponentTotalEquity 2026-03-31 13150475 core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 13150475 core:RetainedEarningsAccumulatedLosses 2026-03-31 13150475 core:RetainedEarningsAccumulatedLosses 2025-03-31 13150475 bus:Director2 2025-04-01 2026-03-31 13150475 core:FurnitureFittings 2025-04-01 2026-03-31 13150475 core:ComputerEquipment 2025-04-01 2026-03-31 13150475 core:MotorVehicles 2025-04-01 2026-03-31 13150475 2024-04-01 2025-03-31 13150475 core:FurnitureFittings 2025-03-31 13150475 core:ComputerEquipment 2025-03-31 13150475 core:MotorVehicles 2025-03-31 13150475 2025-03-31 13150475 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 13150475 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 13150475 bus:FRS102 2025-04-01 2026-03-31 13150475 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 13150475 bus:Director1 2025-04-01 2026-03-31 13150475 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP