Company Registration No. NI610962 (Northern Ireland)
Key One Property Ltd
Unaudited accounts
for the year ended 5 April 2017
Key One Property Ltd
Unaudited accounts
Contents
Key One Property Ltd
Company Information
for the year ended 5 April 2017
Company Number
NI610962 (Northern Ireland)
Registered Office
115 Creagh Road
Belfast
BT6 0LA
Accountants
Clear Accounting NI
9 Pinehill Green
Bangor
BT19 6SQ
Key One Property Ltd
Statement of financial position
as at
5 April 2017
Intangible assets
84,040
87,860
Cash at bank and in hand
45,535
21,375
Creditors: amounts falling due within one year
(109,945)
(109,939)
Net current liabilities
(63,337)
(71,676)
Called up share capital
1
1
Profit and loss account
20,927
16,348
Shareholders' funds
20,928
16,349
For the year ending 5 April 2017 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 6 December 2017.
Mark Colhoun
Director
Company Registration No. NI610962
Key One Property Ltd
Notes to the Accounts
for the year ended 5 April 2017
Key One Property Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI610962. The registered office is 115 Creagh Road, Belfast, BT6 0LA.
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.
These financial statements for the year ended 5 April 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 6 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Key One Property Ltd
Notes to the Accounts
for the year ended 5 April 2017
4
Intangible fixed assets
Goodwill
Charge for the year
3,820
5
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
Trade debtors
1,073
1,504
7
Creditors: amounts falling due within one year
2017
2016
Trade creditors
2,175
1,092
Taxes and social security
3,366
-
Other creditors
14,404
18,847
Loans from directors
90,000
90,000
Key One Property Ltd
Notes to the Accounts
for the year ended 5 April 2017
8
Share capital
2017
2016
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 0 (2016: 0).