Keyspace Development Strategies Limited - Period Ending 2021-03-31

Keyspace Development Strategies Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 5

Keyspace Development Strategies Limited

Company Information

Directors

Mr AV Stevenson Mr S Copson

Registered office

Unit 5a Twigden Barns Brixworth Road Creaton Northampton Northamptonshire NN6 8NN

Accountants

Michael J Emery & Co Limited Chartered Accountants 22 St John Street Newport Pagnell Buckinghamshire MK16 8HJ

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Keyspace Development Strategies Limited
for the Year Ended 31 March 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Keyspace Development Strategies Limited for the year ended 31 March 2021 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Keyspace Development Strategies Limited, as a body, in accordance with the terms of our instructions. Our work has been undertaken solely to prepare for your approval the accounts of Keyspace Development Strategies Limited and state those matters that we have agreed to state to the Board of Directors of Keyspace Development Strategies Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Keyspace Development Strategies Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Keyspace Development Strategies Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Keyspace Development Strategies Limited. You consider that Keyspace Development Strategies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Keyspace Development Strategies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Michael J Emery & Co Limited
Chartered Accountants
22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

23 December 2021

Keyspace Development Strategies Limited

(Registration number: 10630434)
Balance Sheet as at 31 March 2021

	Note	2021 £	2020 £
Current assets
Debtors	4	1,918	1,918
Cash at bank and in hand		23	23
		1,941	1,941
Creditors: Amounts falling due within one year	5	(3,117)	(3,117)
Net liabilities		(1,176)	(1,176)
Capital and reserves
Called up share capital		4	4
Profit and loss account		(1,180)	(1,180)
Shareholders' deficit		(1,176)	(1,176)

For the financial year ending 31 March 2021 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 23 December 2021 and signed on its behalf by:
 

.........................................

Mr AV Stevenson
Director

.........................................

Mr S Copson
Director

Keyspace Development Strategies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales, 10630434.

The address of its registered office is:
Unit 5a Twigden Barns
Brixworth Road
Creaton
Northampton
Northamptonshire
NN6 8NN

These financial statements were authorised for issue by the Board on 23 December 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Keyspace Development Strategies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company during the year, including directors, was 2 (2020 - 2).

4

Debtors

	2021 £	2020 £
Tax debtor	1,918	1,918
Total current trade and other debtors	1,918	1,918

5

Creditors

Creditors: amounts falling due within one year

	Note	2021 £	2020 £
Due within one year
Trade creditors		240	240
Directors' loan account		2,637	2,637
Accruals		240	240
		3,117	3,117