Casey Key Properties Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07888338 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

Casey Key Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Martin

R Colquhoun

Mrs H Colquhoun

Mrs C M Martin

REGISTERED OFFICE:

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

REGISTERED NUMBER:

07888338 (England and Wales)

ACCOUNTANTS:

Jones & Co

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

FIXED ASSETS

Investments

4

65

65

CURRENT ASSETS

Debtors

5

896,726

896,726

Cash at bank

-

384

896,726

897,110

CREDITORS

Amounts falling due within one year

6

970

853

NET CURRENT ASSETS

895,756

896,257

TOTAL ASSETS LESS CURRENT LIABILITIES

895,821

896,322

CREDITORS

Amounts falling due after more than one year

7

904,743

904,655

NET LIABILITIES

(8,922

)

(8,333

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(9,022

)

(8,433

)

SHAREHOLDERS' FUNDS

(8,922

)

(8,333

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 2 December 2022 and were signed on its behalf by:

P Martin - Director

1.	STATUTORY INFORMATION

Casey Key Properties 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.

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2021

and 31 March 2022

65

NET BOOK VALUE

At 31 March 2022

65

At 31 March 2021

65

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Amounts owed by group undertakings

896,726

896,726

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Other creditors

970

853

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Directors' loans

904,743

904,655

8.	RELATED PARTY DISCLOSURES

Note 5 shows the amount of a long-term loan to the company's US subsidiary, On the Beach Casey Key LLC. No interest was charged on the loan during the year and there are no fixed terms for repayment.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled jointly by the directors Roger & Helen Colquhoun who hold 50% of the issued share capital and by the directors Paul & Carolyn Martin who also hold 50%.