Company Registration No. 11922653 (England and Wales)
LEGACY PROPERTY VENTURES LTD
Unaudited accounts
for the year ended 30 April 2021
LEGACY PROPERTY VENTURES LTD
Unaudited accounts
Contents
LEGACY PROPERTY VENTURES LTD
Company Information
for the year ended 30 April 2021
Directors
Benik Afobe
James Zachary Murphy
Company Number
11922653 (England and Wales)
Registered Office
CIVIC HOUSE
156 GREAT CHARLES STREET QUEENSWAY
BIRMINGHAM
B3 3HN
ENGLAND
Accountants
JSM Partners
Brightfield Business Hub
Bakewell Road
Peterborough
Cambridgeshire
PE2 6XU
LEGACY PROPERTY VENTURES LTD
Statement of financial position
as at 30 April 2021
Tangible assets
1,246,305
-
Cash at bank and in hand
17,409
-
Creditors: amounts falling due within one year
(757,121)
-
Net current liabilities
(733,952)
-
Total assets less current liabilities
512,353
-
Creditors: amounts falling due after more than one year
(516,375)
100
Net (liabilities)/assets
(4,022)
100
Called up share capital
100
100
Profit and loss account
(4,122)
-
Shareholders' funds
(4,022)
100
For the year ending 30 April 2021 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 directors acknowledge their 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.
The financial statements were approved by the Board of Directors and authorised for issue on 18 January 2022 and were signed on its behalf by
James Zachary Murphy
Director
Company Registration No. 11922653
LEGACY PROPERTY VENTURES LTD
Notes to the Accounts
for the year ended 30 April 2021
LEGACY PROPERTY VENTURES LTD is a private company, limited by shares, registered in England and Wales, registration number 11922653. The registered office is CIVIC HOUSE, 156 GREAT CHARLES STREET QUEENSWAY, BIRMINGHAM, B3 3HN, ENGLAND.
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.
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.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
At 30 April 2021
1,246,305
At 30 April 2021
1,246,305
5
Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
Loans from directors
385,250
-
LEGACY PROPERTY VENTURES LTD
Notes to the Accounts
for the year ended 30 April 2021
7
Creditors: amounts falling due after more than one year
2021
2020
Loans from directors
-
(100)
During the year loans totalling £385,250.00 were received from the directors. These remain outstanding at the year end and are interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).
