Company Registration No. SC283749 (Scotland)
Legacy Hotels and Resorts Limited
Unaudited accounts
for the year ended 31 December 2023
Legacy Hotels and Resorts Limited
Unaudited accounts
Contents
Legacy Hotels and Resorts Limited
Company Information
for the year ended 31 December 2023
Directors
James Gordon
David Biesok
Kevin Skeet
Andrew Townsend
Shaffin Jaffer
Company Number
SC283749 (Scotland)
Registered Office
7 MELVILLE STREET
MELVILLE STREET
EDINBURGH
EH3 7PE
Accountants
Accounts and Returns Ltd
26 Smith St
Warwick
CV34 4HS
Legacy Hotels and Resorts Limited
Statement of financial position
as at 31 December 2023
Tangible assets
16,169
20,917
Debtors
2,041,177
1,240,962
Cash at bank and in hand
427,967
865,707
Creditors: amounts falling due within one year
(810,268)
(642,966)
Net current assets
1,662,476
1,467,303
Total assets less current liabilities
1,678,645
1,488,220
Creditors: amounts falling due after more than one year
(24,916)
(34,167)
Net assets
1,653,729
1,454,053
Called up share capital
4,778
4,778
Capital redemption reserve
(24,309)
(24,309)
Profit and loss account
1,673,260
1,473,584
Shareholders' funds
1,653,729
1,454,053
For the year ending 31 December 2023 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 30 March 2024 and were signed on its behalf by
James Gordon
Director
Company Registration No. SC283749
Legacy Hotels and Resorts Limited
Notes to the Accounts
for the year ended 31 December 2023
Legacy Hotels and Resorts Limited is a private company, limited by shares, registered in Scotland, registration number SC283749. The registered office is 7 MELVILLE STREET, MELVILLE STREET, EDINBURGH, EH3 7PE.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment
At 31 December 2023
138,528
At 31 December 2023
122,359
At 31 December 2023
16,169
At 31 December 2022
20,917
Legacy Hotels and Resorts Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
731,250
592,054
Accrued income and prepayments
263,875
276,908
Other debtors
1,046,052
372,000
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
190,060
37,630
Taxes and social security
227,295
340,557
Other creditors
314,264
240,471
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
4,778 Ordinary shares of £1 each
4,778
4,778
Legacy Hotels and Resorts Limited
Notes to the Accounts
for the year ended 31 December 2023
9
Transactions with related parties
Branded Hotel Management Ltd; The Company received services of £0.00 (2022:£0) of which £0.00 was outstanding at the year end and provided services of £0.00 (2022:£0) the balance outstanding to the Company at the year end was £37709.46
Legacy Hotels Management Ltd; The Company received services of £0.00 (2022:£0) of which £0.00 was outstanding at the year end and provided services of £0.00 (2022:£0), the balance outstanding at the year end was £117623.27
Chilworth Manor Ltd; The Company received services of £0 (2022:£4788.10) of which £0 was outstanding at the year end and provided services of £109775.60 (2022:£152945.19) of which £131730.74 was outstanding at the year end.
Angel Hotel Chippenham Ltd; The Company received services of £0 (2022: £0) of which £0.00 was outstanding at the year end and provided services of £98938.55 (2022: £83882.69) of which £38199.55 was outstanding at the year end.
Taj Securities Ltd; The Company received services of £0.00 (2022 £0) of which £0.00 was outstanding at the year end and provided services of £81431.26 (2022: £98672.11) of which £17131.51 was outstanding at the year end.
Trade Bond Ltd; The Company received services of £535.76 (2022: £0) of which £0.00 was outstanding at the year end and provided services of £84093.16 (2022: £102216.33) of which £558013.24 was outstanding at the year end.
Castle Green Hotel Ltd; The Company received services of £440.00 (2022: £0) of which £0.00 was outstanding at the year end and provided services of £226513.79 (2022: £211216.70) of which £8702.16 was outstanding at the year end.
Hospitality Ventures Ltd; The Company received services of £305675.74 (2022: £207140.18) of which £0 was outstanding at the year end and provided services of £32.98 (2022: £1518) and £66439.21 was outstanding at the year end.
Handy Cross Opco Ltd Ltd; The Company received services of £0 (2022: £210.27) of which £4043.75 was outstanding at the year end and provided services of £91491.51 (2022: £69852.24) and £14906.55 was outstanding at the year end.
Handy Cross Devco Ltd; The Company received services of £0.00 (2022: £0.00) of which £0 was outstanding at the year end and provided services of £13 (2022: £0) and £100000.00 was outstanding at the year end.
PV Hotel SPV Ltd; The Company received services of £16553.03 (2022: £404334.06) of which £0 was outstanding at the year end and provided services of £8279.18 (2022: £65598.53) and £189.86 was outstanding at the year end
10
Average number of employees
During the year the average number of employees was 15 (2022: 14).