The 1725 Legacy Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11076657 (England and Wales)

Financial Statements

for the Period

22 November 2017 to 30 June 2018

for

THE 1725 LEGACY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T K Kotagiri

Mrs B Thrishul

REGISTERED OFFICE:

Milton House

33a Milton Road

Hampton

Middlesex

TW12 2LL

REGISTERED NUMBER:

11076657 (England and Wales)

ACCOUNTANTS:

Alvis & Company (Accountants) Limited

Milton House

33a Milton Road

Hampton

Middlesex

TW12 2LL

FIXED ASSETS

Intangible assets

4

14,467

Tangible assets

5

3,750

Investment property

6

85,391

103,608

CURRENT ASSETS

Debtors

7

177

Cash at bank

33,484

33,661

CREDITORS

Amounts falling due within one year

8

(145,789

)

NET CURRENT LIABILITIES

(112,128

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,520

)

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

(8,620

)

SHAREHOLDERS' FUNDS

(8,520

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 March 2019 and were signed on its behalf by:

Mr T K Kotagiri - Director

Mrs B Thrishul - Director

1.	STATUTORY INFORMATION

The 1725 Legacy Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except

to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

18,084

At 30 June 2018

18,084

AMORTISATION

Charge for period

3,617

At 30 June 2018

3,617

NET BOOK VALUE

At 30 June 2018

14,467

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

5,000

At 30 June 2018

5,000

DEPRECIATION

Charge for period

1,250

At 30 June 2018

1,250

NET BOOK VALUE

At 30 June 2018

3,750

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

85,391

At 30 June 2018

85,391

NET BOOK VALUE

At 30 June 2018

85,391

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

177

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

145,789

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

50

Ordinary A

£1.00

50

50

Ordinary B

£1.00

50

100

The following shares were issued during the period for cash at par :

50 Ordinary A shares of £1.00

50 Ordinary B shares of £1.00