REGISTERED NUMBER: |
Legends Awaken Limited |
Previously known as |
Legal Lib AI Limited |
Unaudited Financial Statements |
for the Period |
22 January 2023 to 31 January 2024 |
REGISTERED NUMBER: |
Legends Awaken Limited |
Previously known as |
Legal Lib AI Limited |
Unaudited Financial Statements |
for the Period |
22 January 2023 to 31 January 2024 |
Legends Awaken Limited (Registered number: 14608801) |
Contents of the Financial Statements |
for the Period 22 January 2023 to 31 January 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Legends Awaken Limited |
Company Information |
for the Period 22 January 2023 to 31 January 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
9 Ainslie Place |
Edinburgh |
Midlothian |
EH3 6AT |
Legends Awaken Limited (Registered number: 14608801) |
Balance Sheet |
31 January 2024 |
Notes | £ |
CURRENT ASSETS |
Debtors | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Legends Awaken Limited (Registered number: 14608801) |
Balance Sheet - continued |
31 January 2024 |
The financial statements were approved by the director and authorised for issue on |
Legends Awaken Limited (Registered number: 14608801) |
Notes to the Financial Statements |
for the Period 22 January 2023 to 31 January 2024 |
1. | STATUTORY INFORMATION |
Legends Awaken Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Financial instruments |
The company has financial assets and liabilities of a kind that qualify only as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred 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. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Legends Awaken Limited (Registered number: 14608801) |
Notes to the Financial Statements - continued |
for the Period 22 January 2023 to 31 January 2024 |
2. | ACCOUNTING POLICIES - continued |
Going concern |
The financial statements are prepared under the going concern principle. The going concern principle assumes the company will continue to trade for the foreseeable future. In order to do so, the company will require the ongoing support of its director. The director has undertaken to support the company for the foreseeable future. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Other creditors |
Included in other creditors is a loan from a director. The loan is unsecured, interest-free and repayable on demand. |