2023-01-112024-01-312024-01-31false14585900MASKELL LEGACY ENTERPRISE 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MASKELL LEGACY ENTERPRISE LIMITED

Registered Number
14585900
(England and Wales)

Unaudited Financial Statements for the Period ended
31 January 2024

MASKELL LEGACY ENTERPRISE LIMITED
Company Information
for the period from 11 January 2023 to 31 January 2024

Director

MASKELL, Matthew Charles

Company Secretary

AURIA ACCOUNTANCY (HERTS) LTD

Registered Address

Top Floor, Leeside Works
Lawrence Avenue
Stanstead Abbotts
SG12 8DL

Registered Number

14585900 (England and Wales)
MASKELL LEGACY ENTERPRISE LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

£

£

Fixed assets
Tangible assets31,351,200
Investments4400
1,351,600
Current assets
Cash at bank and on hand6,989
6,989
Creditors amounts falling due within one year(681,288)
Net current assets (liabilities)(674,299)
Total assets less current liabilities677,301
Creditors amounts falling due after one year(683,795)
Net assets(6,494)
Capital and reserves
Called up share capital100
Profit and loss account(6,594)
Shareholders' funds(6,494)
The financial statements were approved and authorised for issue by the Director on 3 October 2024, and are signed on its behalf by:
MASKELL, Matthew Charles
Director
Registered Company No. 14585900
MASKELL LEGACY ENTERPRISE LIMITED
Notes to the Financial Statements
for the period ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investments
Maskell Legacy Enterprise Ltd has the following investments in its subsidiaries: • V&M Enterprises Ltd : £300.00 (100% ownership) • TTS Vehicle Services Ltd : £100.00 (100% ownership) These investments are recorded at cost in the balance sheet. Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

2024
Average number of employees during the year1
3.Tangible fixed assets

Total

£
Cost or valuation
Additions1,351,200
At 31 January 241,351,200
Net book value
At 31 January 241,351,200
At 10 January 23-
4.Fixed asset investments

Total

£
Cost or valuation
Additions400
At 31 January 24400
Net book value
At 31 January 24400
At 10 January 23-