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BLUE KEY ENTERPRISES LTD - Company Information

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2016-12-01 09316714 2017-11-30 09316714 2016-12-01 2017-11-30 09316714 2016-11-30 09316714 2015-12-01 2016-11-30 09316714 uk-core:WithinOneYear 2016-11-30 09316714 uk-core:WithinOneYear 2017-11-30 09316714 uk-core:ShareCapital 2017-11-30 09316714 uk-core:ShareCapital 2016-11-30 09316714 uk-core:RetainedEarningsAccumulatedLosses 2017-11-30 09316714 uk-core:RetainedEarningsAccumulatedLosses 2016-11-30 09316714 uk-bus:Director1 2016-12-01 2017-11-30 09316714 uk-core:ComputerEquipment 2016-12-01 2017-11-30 09316714 uk-core:ComputerEquipment 2016-11-30 09316714 uk-core:InvestmentPropertyIncludedWithinPPE 2016-11-30 09316714 uk-core:InvestmentPropertyIncludedWithinPPE 2016-12-01 2017-11-30 09316714 uk-core:InvestmentPropertyIncludedWithinPPE 2017-11-30 09316714 uk-core:ComputerEquipment 2017-11-30 iso4217:GBP 09316714 uk-bus:AuditExemptWithAccountantsReport 2016-12-01 2017-11-30 09316714 uk-bus:FRS102 2016-12-01 2017-11-30 09316714 uk-bus:FullAccounts 2016-12-01 2017-11-30 09316714 uk-bus:PrivateLimitedCompanyLtd 2016-12-01 2017-11-30
Draft
BLUE KEY ENTERPRISES LTD
Registered Number:09316714
For the year ended 30 November 2017
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 30 November 2017
BLUE KEY ENTERPRISES LTD
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
As at 30 November 2017
BLUE KEY ENTERPRISES LTD
Statement of Financial Position
Registered Number :
09316714
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
1,394,249
1,392,400
2
1,394,249
1,392,400
Current assets
1,840
Cash and cash equivalents
35,253
35,253
1,840
Trade and other payables: amounts falling due within one
year
(10,417)
(11,599)
3
(8,577)
23,654
Net current assets
Total assets less current liabilities
1,417,903
1,383,823
1,417,903
Net assets
1,383,823
Capital and reserves
Called up share capital
1,392,500
1,392,500
Retained earnings
25,403
(8,677)
1,417,903
1,383,823
Shareholders' funds
For the year ended 30 November 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 of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Leonardo Catalano Director
These financial statements were approved and authorised for issue by the Board on 31 August 2018 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 30 November 2017
BLUE KEY ENTERPRISES LTD
Notes to the Financial Statements
Statutory Information
BLUE KEY ENTERPRISES LTD is a private limited company, limited by shares, domiciled in England and Wales,
registration number 09316714.
Principal place of business:
17 Ensign House
Admirals Way
Canary Wharf
London
E14 9XQ
Registered address:
c/o G Teoli & Co
Blfour House
741 High Road
London
N12 0BP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
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:
25% Straight line
Computer equipment
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 property
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.
Foreign currencies
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.
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5
Draft
For the year ended 30 November 2017
BLUE KEY ENTERPRISES LTD
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Land and
buildings
£
£
£
Cost or
valuation
At 01 December 2016
1,392,400
-
1,392,400
2,165
2,165
-
Additions
At 30 November 2017
1,392,400
2,165
1,394,565
Provision for depreciation and impairment
Charge for year
316
316
-
At 30 November 2017
316
316
-
At 30 November 2017
Net book value
1,392,400
1,849
1,394,249
At 30 November 2016
1,392,400
-
1,392,400
3. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
(1)
-
Taxation and social security
5,645
-
Other creditors
5,955
10,417
11,599
10,417
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