Keyhost Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03117766

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

KEYHOST LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J T Papanicola

Mrs W L Papanicola

SECRETARY:

Mr J T Papanicola

REGISTERED OFFICE:

7 Northgate Close

Brighton

BN2 7DZ

REGISTERED NUMBER:

03117766

ACCOUNTANTS:

Xeinadin South East Ltd

Create Business Hub

Ground Floor

5 Rayleigh Road

Hutton, Brentwood.

Essex

CM13 1AB

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

89,696

148,191

89,696

148,191

CURRENT ASSETS

Stocks

6

-

6,056

Debtors

7

36,112

241,462

Cash at bank and in hand

242,192

70,900

278,304

318,418

CREDITORS

Amounts falling due within one year

8

41,920

122,238

NET CURRENT ASSETS

236,384

196,180

TOTAL ASSETS LESS CURRENT
LIABILITIES

326,080

344,371

CREDITORS

Amounts falling due after more than one
year

9

-

(38,062

)

PROVISIONS FOR LIABILITIES

10

(13,041

)

(14,492

)

NET ASSETS

313,039

291,817

CAPITAL AND RESERVES

Called up share capital

102

Retained earnings

11

312,937

291,715

SHAREHOLDERS' FUNDS

313,039

291,817

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 25 November 2025 and were signed on its behalf by:

Mr J T Papanicola - Director

1.	STATUTORY INFORMATION

Keyhost Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1997, is being amortised evenly over its estimated useful life of sixteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

in accordance with the property

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 42 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

55,000

AMORTISATION

At 1 April 2024

and 31 March 2025

55,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Short

to

and

Computer

leasehold

property

fittings

equipment

Totals

£

COST

At 1 April 2024

176,579

37,000

152,277

6,249

372,105

Additions

-

691

277

968

Disposals

(176,579

)

-

(176,579

)

At 31 March 2025

-

37,000

152,968

6,526

196,494

DEPRECIATION

At 1 April 2024

127,807

5,550

88,581

1,976

223,914

Charge for year

-

1,850

8,158

683

10,691

Eliminated on disposal

(127,807

)

-

(127,807

)

At 31 March 2025

-

7,400

96,739

2,659

106,798

NET BOOK VALUE

At 31 March 2025

-

29,600

56,229

3,867

89,696

At 31 March 2024

48,772

31,450

63,696

4,273

148,191

6.

STOCKS

2025

2024

£

Finished goods

-

6,056

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by participating interests

-

207,023

Other debtors

34,439

VAT

1,673

-

36,112

241,462

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

-

32,614

Trade creditors

14,027

Tax

-

27,062

Social security and other taxes

-

3,098

VAT

-

16,097

Other creditors

2,199

3,646

Directors' current accounts

22,594

Accruals and deferred income

3,100

41,920

122,238

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 2-5 years

-

38,062

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

13,041

14,492

Deferred

tax

£

Balance at 1 April 2024

14,492

Credit to Income Statement during year

(1,451

)

Accelerated capital allowance

Balance at 31 March 2025

13,041

11.

RESERVES

Retained

earnings

£

At 1 April 2024

291,715

Profit for the year

30,122

Dividends

(8,900

)

At 31 March 2025

312,937

12.

CONTROL

During the year the company was controlled by the directors.