Keybridge Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09724271 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 AUGUST 2021

FOR

KEYBRIDGE DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T P Murphy

Mrs C F Murphy

REGISTERED OFFICE:

Jamesons Limited

6 Compton Way

Witney

Oxfordshire

OX28 3AB

REGISTERED NUMBER:

09724271 (England and Wales)

ACCOUNTANTS:

Jamesons Limited

Jamesons House

Compton Way

Witney

OX28 3AB

FIXED ASSETS

Tangible assets

4

45,284

53,276

Investment property

5

12,744,870

13,841,955

12,790,154

13,895,231

CURRENT ASSETS

Debtors

6

42,976

45,554

Cash at bank

76,786

96,085

119,762

141,639

CREDITORS

Amounts falling due within one year

7

45,622

50,227

NET CURRENT ASSETS

74,140

91,412

TOTAL ASSETS LESS CURRENT LIABILITIES

12,864,294

13,986,643

CREDITORS

Amounts falling due after more than one year

8

13,197,887

14,251,858

NET LIABILITIES

(333,593

)

(265,215

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(333,595

)

(265,217

)

(333,593

)

(265,215

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 2021 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 24 May 2022 and were signed on its behalf by:

T P Murphy - Director

1.	STATUTORY INFORMATION

Keybridge Developments Limited 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.

Tangible fixed assets

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

Plant and machinery etc

-

15% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 August 2020

and 30 August 2021

58,572

DEPRECIATION

At 31 August 2020

5,296

Charge for year

7,992

At 30 August 2021

13,288

NET BOOK VALUE

At 30 August 2021

45,284

At 30 August 2020

53,276

5.	INVESTMENT PROPERTY

Total

£

COST

At 31 August 2020

13,841,955

Disposals

(1,097,085

)

At 30 August 2021

12,744,870

NET BOOK VALUE

At 30 August 2021

12,744,870

At 30 August 2020

13,841,955

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

42,976

45,554

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

10,000

2,500

Other creditors

35,622

47,727

45,622

50,227

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

37,500

47,500

Other creditors

13,160,387

14,204,358

13,197,887

14,251,858

9.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Other loans

8,325,111

8,730,581

The mortgages are secured by a fixed charge over the investment properties held by the company.