Company No: 12529515 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTORS	J R Britton
	S Davies
	P A Davies
	S A C Hurst
	A R Jefferies
	J M Kemery

REGISTERED OFFICE	764 - 766 Fishponds Road
	Fishponds
	Bristol
	BS16 3UA
	United Kingdom

COMPANY NUMBER

12529515 (England and Wales)

CHARTERED ACCOUNTANTS	Bishop Fleming LLP
	10 Temple Back
	Bristol
	BS1 6FL

	Note	2022		2021
		£		£
Fixed assets
Investments	3	6,605,000		6,605,000
		6,605,000		6,605,000
Current assets
Debtors	4	0		3,878
Cash at bank and in hand		779		1,634
		779		5,512
Creditors
Amounts falling due within one year	5	( 6,725,010)		( 5,104,444)
Net current liabilities		(6,724,231)		(5,098,932)
Total assets less current liabilities		(119,231)		1,506,068
Creditors
Amounts falling due after more than one year	6	0		( 1,560,055)
Net liabilities		( 119,231)		( 53,987)
Capital and reserves
Called-up share capital	7	60		60
Profit and loss account		( 119,291 )		( 54,047 )
Total shareholders' deficit		( 119,231)		( 53,987)

For the financial year ending 31 March 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Keyplan Holdings Limited (registered number: 12529515) were approved and authorised for issue by the Board of Directors on 09 June 2022. They were signed on its behalf by:

A R Jefferies Director

S A C Hurst Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Keyplan Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 764 - 766 Fishponds Road, Fishponds, Bristol, BS16 3UA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

The functional currency of Keyplan Holdings Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £119,231. The Company is supported through loans from a subsidiary Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the subsidiary Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in subsidiaries are measured at cost less accumulated impairment.

2. Employees

	2022		2021
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	6		6

3. Fixed asset investments

Investments in subsidiaries

	2022
	£
Cost
At 01 April 2021	6,605,000
At 31 March 2022	6,605,000
Carrying value at 31 March 2022	6,605,000
Carrying value at 31 March 2021	6,605,000

4. Debtors

	2022		2021
	£		£
Other debtors	0		3,878

5. Creditors: amounts falling due within one year

	2022		2021
	£		£
Amounts owed to Group undertakings	4,948,370		4,149,306
Amounts owed to directors	179,940		179,940
Other creditors	1,596,700		775,198
	6,725,010		5,104,444

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

Amounts owed to directors are repayable on demand and do not bear interest.

Other creditors are secured by a fixed and floating charge of the assets of the company and its subsidiaries.

6. Creditors: amounts falling due after more than one year

	2022		2021
	£		£
Other creditors	0		1,560,055

Other creditors are secured by a fixed and floating charge of the assets of the company and its subsidiaries.

7. Called-up share capital

	2022		2021
	£		£
Allotted, called-up and fully-paid
2 A Special ordinary shares of £ 0.01 each	0.02		0.02
2 B Special ordinary shares of £ 0.01 each	0.02		0.02
60 Ordinary shares of £ 1.00 each	60.00		60.00
	60.04		60.04

8. Related party transactions

The company has taken advantage of the exemption available under FRS 102 section 1 ac 35 of FRS 102 to not disclose transactions with other group undertakings within a wholly owned group.