Company registration number: 11233975
Unaudited financial statements
for the period ended 28 February 2023
for
Stronghold Legacy Ltd
Pages for filing with the Registrar
Company registration number: 11233975
Stronghold Legacy Ltd
Balance sheet
as at 28 February 2023
ERROR: Balance sheet does not balance
28 Feb 23 31 Mar 22
Note £ £ £ £
Fixed assets
Tangible assets 4 4,481 5,272
Investment property 5 1,191,083 910,139
1,195,564 915,411
Current assets
Cash at bank and in hand 249,971 89,069
249,971 89,069
Creditors: amounts falling due within
one year
(1,450,259) (997,163)
Net current liabilities (1,200,288) (907,062)
Total assets less current liabilities (4,724) 8,349
NET (LIABILITIES)/ASSETS (4,724) 8,349
Capital and reserves
Called up share capital 100 100
Profit and loss account (4,824) 7,217
TOTAL EQUITY (4,724) 7,317
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 28 February 2023.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 11233975
Stronghold Legacy Ltd
Balance sheet - continued
as at 28 February 2023
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
Signed by:
Mrs J Whittaker, Director
8 February 2024
2
Stronghold Legacy Ltd
Notes to the financial statements
for the period ended 28 February 2023
1 Company information
The company is registered in England and Wales. Its registered number is 11233975. The company is limited by shares. Its registered office is 120 Chipstead Lane, Sevenoaks, Kent, TN13 2AL.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Exemption from preparation of consolidated financial statements
The financial statements contain information about Stronghold Legacy Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 15% reducing balance
Fixtures & fittings - 15% reducing balance
Computer equipment - 15% reducing balance
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
3
Stronghold Legacy Ltd
Notes to the financial statements - continued
for the period ended 28 February 2023
2 Accounting policies - continued
Taxation
Taxation for the period comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the period the average number of employees was Nil (2022 - Nil).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2022 6,761
At 28 February 2023 6,761
Depreciation
At 1 April 2022 1,489
Charge for period 791
At 28 February 2023 2,280
Net book value
At 28 February 2023 4,481
At 31 March 2022 5,272
4
Stronghold Legacy Ltd
Notes to the financial statements - continued
for the period ended 28 February 2023
5 Investment property
£
Valuation
At 1 April 2022 910,139
Additions 280,944
Disposals -
At 28 February 2023 1,191,083
5