BLUE KEY ENTERPRISES LTD,Ltd - Accounts

BLUE KEY ENTERPRISES LTD - Company Information

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BLUE KEY ENTERPRISES LTD

For the year ended 30 November 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 09316714

Draft

Contents Page

BLUE KEY ENTERPRISES LTD

For the year ended 30 November 2016

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

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BLUE KEY ENTERPRISES LTD

Accountants' Report

For the year ended 30 November 2016

As described on the balance sheet you are responsible for the preparation of the financial statements for the year

ended 30 November 2016 and you consider that the company is exempt from an audit under the Companies Act

2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you

to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

G Teoli & Co.

Certified Public Accountants

Balfour House

741 High Road

London

N12 0BP

30 August 2017

Dated:

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Abbreviated Balance Sheet

BLUE KEY ENTERPRISES LTD

As at 30 November 2016

09316714

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

1,392,400

Current assets

Cash at bank and in hand

1,840

100

1,840

100

Creditors: amounts falling due within one year

(10,417)

100

(8,577)

Net current liabilities

Total assets less current liabilities

1,383,823

100

1,383,823

Net assets

100

Capital and reserves

Called up share capital

1,392,500

100

Profit and loss account

(8,677)

1,383,823

100

Shareholders funds

For the year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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 in accordance with the provisions applicable to companies subject to the small companies' regime.

Date approved by the board: 30 August 2017

Mr Leonardo Catalano Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

BLUE KEY ENTERPRISES LTD

For the year ended 30 November 2016

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currency

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange

ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the

transaction. All foreign exchange differences are included to the profit and loss account.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected

useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation

would be immaterial. The directors undertake an annual impairment review of these properties.

Investment properties

Investment properties are included in the balance sheet at their open market value at the balance sheet date. The

resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those

investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective

January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be

depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to

give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation

and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

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Notes to the Abbreviated Financial Statements

BLUE KEY ENTERPRISES LTD

For the year ended 30 November 2016

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

1,392,400

Additions

At 30 November 2016

1,392,400

Net book values

At 30 November 2016

1,392,400

3 Share capital

Allotted called up and fully paid

2016

2015

1,392,500 Class A shares of £1.00 each

100

1,392,500

100

1392400 Class A £1.00 shares have been issued during the year at par for a cash consideration of £1,392,400.

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