LEGACY RESTAURANT & BAR LIMITED

Company Registration Number:
07153121 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

LEGACY RESTAURANT & BAR LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

LEGACY RESTAURANT & BAR LIMITED

Company Information

for the Period Ended 28 February 2023




Director: Bascan Bally
Registered office: 53
Camberwell Road
London
London
SE5 0EZ
Company Registration Number: 07153121 (England and Wales)

LEGACY RESTAURANT & BAR LIMITED

Balance sheet

As at 28 February 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 13,814 17,267
Total fixed assets: 13,814 17,267
Current assets
Stocks: 2,293 2,548
Debtors: 9,393 9,989
Cash at bank and in hand: 869 1,087
Total current assets: 12,555 13,624
Creditors: amounts falling due within one year: ( 157,397 ) ( 123,058 )
Net current assets (liabilities): ( 144,842 ) ( 109,434 )
Total assets less current liabilities: ( 131,028 ) ( 92,167 )
Creditors: amounts falling due after more than one year: ( 41,806 ) ( 46,452 )
Total net assets (liabilities): ( 172,834 ) ( 138,619 )

The notes form part of these financial statements

LEGACY RESTAURANT & BAR LIMITED

Balance sheet continued

As at 28 February 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: ( 172,835 ) ( 138,620 )
Shareholders funds: ( 172,834 ) ( 138,619 )

For the year ending 28 February 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 November 2023
And Signed On Behalf Of The Board By:

Name: Bascan Bally
Status: Director

The notes form part of these financial statements

LEGACY RESTAURANT & BAR LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents amounts receivable for sales excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost of all fixed assets over their expected useful life.
    The rates applied are:-
    Fixtures, Fittings & Equipment - 20% on written down value.

LEGACY RESTAURANT & BAR LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

LEGACY RESTAURANT & BAR LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 3. Off balance sheet disclosure

    No

LEGACY RESTAURANT & BAR LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Tangible Assets

Total
Cost £
At 01 March 2022 103,600
Additions -
Disposals -
Revaluations -
Transfers -
At 28 February 2023 103,600
Depreciation
At 01 March 2022 86,333
Charge for year 3,453
On disposals -
Other adjustments -
At 28 February 2023 89,786
Net book value
At 28 February 2023 13,814
At 28 February 2022 17,267