Key Loans & Mortgages Limited

Key Loans & Mortgages Limited

KEY LOANS & MORTGAGES LIMITED - Company Information

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Company Registration No. 6524192 (England and Wales)
Key Loans & Mortgages Limited Unaudited accounts for the year ended 31 March 2018
Key Loans & Mortgages Limited Unaudited accounts Contents
Page
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Key Loans & Mortgages Limited Company Information for the year ended 31 March 2018
Director
Neil Andrews
Company Number
6524192 (England and Wales)
Registered Office
WENTWOOD CWRT PENYCAEMAWR USK GWENT NP15 1LF
Accountants
BMG Accountancy Services 98 Shaftgate Avenue Shepton Mallet Somerset BA4 5YQ
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Key Loans & Mortgages Limited Accountants' report
Accountants' report to the director of Key Loans & Mortgages Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Key Loans & Mortgages Limited for the year ended 31 March 2018 as set out on pages 5 - 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Key Loans & Mortgages Limited, as a body, in accordance with the terms of our engagement letter dated 15 May 2017. Our work has been undertaken solely to prepare for your approval the accounts of Key Loans & Mortgages Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Key Loans & Mortgages Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Key Loans & Mortgages 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 profit of Key Loans & Mortgages Limited. You consider that Key Loans & Mortgages 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 Key Loans & Mortgages 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.
BMG Accountancy Services 98 Shaftgate Avenue Shepton Mallet Somerset BA4 5YQ 13 December 2018
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Key Loans & Mortgages Limited Statement of financial position as at 31 March 2018
2018 
2017 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
64,994 
36,679 
Creditors: amounts falling due within one year
4
17,611 
10,226 
Net current assets
82,605 
46,905 
Net assets
82,605 
46,905 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
82,604 
46,904 
Shareholders' funds
82,605 
46,905 
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 13 December 2018.
Neil Andrews Director Company Registration No. 6524192
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Key Loans & Mortgages Limited Notes to the Accounts for the year ended 31 March 2018
1
Statutory information
Key Loans & Mortgages Limited is a private company, limited by shares, registered in England and Wales, registration number 6524192. The registered office is WENTWOOD CWRT, PENYCAEMAWR, USK, GWENT, NP15 1LF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Taxes and social security
6,800 
6,372 
Loans from directors
(24,411)
(16,598)
(17,611)
(10,226)
5
Average number of employees
During the year the average number of employees was 0 (2017: 0).
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