KEYAGENT_LIMITED - Accounts

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

KeyAgent Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 Loughborough Street, London, SE11 5RB. The principal place of business is Focal City, 4th Floor, Stephenson House, Cherry Orchard Road, Croydon, CR0 6BA.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

On 1 January 2019 the company transferred its trade and assets to a fellow subsidiary entity. As a result, the company ceased to trade. Therefore, the financial statements have been prepared on a basis other than that of a going concern. There have been no alterations to the carrying values of assets and liabilities as a result.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

During the comparative year a fellow group entity acquired the trade and assets of the company. The £890,761 above relates to the write off of the amount due to the company following the trade and assets transfer.

The average monthly number of persons (including directors) employed by the company during the period was: