Company Registration No. 12431980 (England and Wales)
Legacy Release Limited
Unaudited financial statements
for the year ended 31 January 2024
Pages for filing with the registrar
Legacy Release Limited
Statement of financial position
As at 31 January 2024
31 January 2024
1
2024
2023
£
£
£
£
Fixed assets
25,004
28,830
Current assets
238
186
Prepayments and accrued income
120
Creditors: amounts falling due within one year
(138,890)
(112,730)
Net current liabilities
(138,652)
(112,424)
Total assets less current liabilities
(113,648)
(83,594)
Creditors: amounts falling due after more than one year
(16,500)
Net liabilities
(113,648)
(100,094)
Capital and reserves
(113,648)
(100,094)
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
During the year, directors advanced interest free unsecured loans of £12,500 to the company meaning that at the year end directors were owed a total of £134,900. The loans are repayable on demand however directors have confirmed they will continue to support the company and seek to redeem these when the the company is able to do so.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
2
2
Legacy Release Limited is a private company limited by shares incorporated in England and Wales. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
Legacy Release Limited
Statement of financial position (continued)
As at 31 January 2024
31 January 2024
2
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 3 May 2024 and are signed on its behalf by:
R Golden
Director
Company Registration No. 12431980 (England and Wales)