1 January 2023 false No description of principal activity Taxfiler 2024.1 SC283749business:PrivateLimitedCompanyLtd2023-01-012023-12-31 SC2837492022-12-31 SC2837492023-01-012023-12-31 SC283749business:AuditExemptWithAccountantsReport2023-01-012023-12-31 SC283749business:FilletedAccounts2023-01-012023-12-31 SC2837492023-12-31 SC283749business:Director12023-01-012023-12-31 SC283749business:Director22023-01-012023-12-31 SC283749business:Director32023-01-012023-12-31 SC283749business:Director42023-01-012023-12-31 SC283749business:Director52023-01-012023-12-31 SC283749business:CompanySecretary12023-01-012023-12-31 SC283749business:RegisteredOffice2023-01-012023-12-31 SC2837492022-12-31 SC283749core:WithinOneYear2023-12-31 SC283749core:WithinOneYear2022-12-31 SC283749core:AfterOneYear2023-12-31 SC283749core:AfterOneYear2022-12-31 SC283749core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC283749core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 SC283749core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-12-31 SC283749core:CapitalRedemptionReservecore:PreviouslyStatedAmount2022-12-31 SC283749core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC283749core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC283749core:PreviouslyStatedAmount2023-12-31 SC283749core:PreviouslyStatedAmount2022-12-31 SC283749business:SmallEntities2023-01-012023-12-31 SC283749countries:Scotland2023-01-012023-12-31 SC283749core:ComputerEquipment2022-12-31 SC283749core:ComputerEquipment2023-01-012023-12-31 SC283749core:ComputerEquipment2023-12-31 SC283749business:OrdinaryShareClass12023-01-012023-12-31 SC283749business:OrdinaryShareClass12022-01-012022-12-31 SC2837492022-01-012022-12-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
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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
Secretary
James Gordon
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
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Legacy Hotels and Resorts Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,169 
20,917 
Current assets
Inventories
3,600 
3,600 
Debtors
2,041,177 
1,240,962 
Cash at bank and in hand
427,967 
865,707 
2,472,744 
2,110,269 
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 
Capital and reserves
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
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Legacy Hotels and Resorts Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
£ 
Cost or valuation
At cost 
At 1 January 2023
136,658 
Additions
1,870 
At 31 December 2023
138,528 
Depreciation
At 1 January 2023
115,741 
Charge for the year
6,618 
At 31 December 2023
122,359 
Net book value
At 31 December 2023
16,169 
At 31 December 2022
20,917 
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Legacy Hotels and Resorts Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
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 
2,041,177 
1,240,962 
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 
Accruals
78,649 
24,308 
810,268 
642,966 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,916 
34,167 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
4,778 Ordinary shares of £1 each
4,778 
4,778 
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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).
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