REGISTERED NUMBER: 06645487 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

KEYWEST ESTATE AGENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Iqbal

Ms A Petts

REGISTERED OFFICE:

73A Hinckley Road

Leicester

Leicestershire

LE3 0TD

REGISTERED NUMBER:

06645487 (England and Wales)

FIXED ASSETS

Tangible assets

4

21,557

25,131

Investments

5

41,565

41,565

63,122

66,696

CURRENT ASSETS

Debtors

6

269,619

239,772

Cash at bank

183,036

153,058

452,655

392,830

CREDITORS

Amounts falling due within one year

7

248,070

236,885

NET CURRENT ASSETS

204,585

155,945

TOTAL ASSETS LESS CURRENT LIABILITIES

267,707

222,641

CREDITORS

Amounts falling due after more than one year

8

-

(2,556

)

PROVISIONS FOR LIABILITIES

9

(3,925

)

(3,300

)

NET ASSETS

263,782

216,785

CAPITAL AND RESERVES

Called up share capital

10

55

55

Capital redemption reserve

11

45

45

Retained earnings

11

263,682

216,685

SHAREHOLDERS' FUNDS

263,782

216,785

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 September 2026 and were signed on its behalf by:

Mr A Iqbal - Director

Ms A Petts - Director

1.	STATUTORY INFORMATION

Keywest Estate Agents 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.

Turnover

Commission earned on sales of residential property is recognised on exchange of contract. In connection with lettings, the company offers the following services: (1) Securing the letting for the landlord including rent collection; and (2) Managing the letting on behalf of the landlord. Commissions earned on the above services are recognised as follows: (1) Commissions on securing the letting are recognised immediately; and (2) The management fee is billed and recognised monthly at a fixed percentage of the monthly rental.

Tangible fixed assets

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

Short leasehold

-

10% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Website

-

20% on reducing balance

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.

Pension costs and other post-retirement benefits

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

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

leasehold

fittings

Website

Totals

£

£

£

£

COST

At 1 January 2025

and 31 December 2025

18,639

110,622

11,235

140,496

DEPRECIATION

At 1 January 2025

13,859

91,124

10,382

115,365

Charge for year

479

2,924

171

3,574

At 31 December 2025

14,338

94,048

10,553

118,939

NET BOOK VALUE

At 31 December 2025

4,301

16,574

682

21,557

At 31 December 2024

4,780

19,498

853

25,131

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Investment gold

20,205

20,205

Investment silver

21,360

21,360

41,565

41,565

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,286

1,075

Other debtors

266,260

236,686

Prepayments

2,073

2,011

269,619

239,772

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,205

7,276

Trade creditors

3,106

2,249

Taxation

30,605

28,050

Paye/Ni payable

4,727

(3,017

)

VAT

12,287

8,286

Other creditors

188,095

187,457

Accrued expenses

6,045

6,584

248,070

236,885

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

2,556

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred taxation

3,925

3,300

Deferred

tax

£

Balance at 1 January 2025

3,300

Movement

625

Balance at 31 December 2025

3,925

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

55

55

11.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 January 2025

216,685

45

216,730

Profit for the year

94,997

94,997

Dividends

(48,000

)

(48,000

)

At 31 December 2025

263,682

45

263,727

12.	ULTIMATE CONTROLLING PARTY

The company is under the control of Mr I Bradshaw by virtue of his shareholding.