Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activity2023-04-01false21falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13582092 2023-04-01 2024-03-31 13582092 2022-04-01 2023-03-31 13582092 2024-03-31 13582092 2023-03-31 13582092 c:Director1 2023-04-01 2024-03-31 13582092 d:PlantMachinery 2023-04-01 2024-03-31 13582092 d:PlantMachinery 2024-03-31 13582092 d:PlantMachinery 2023-03-31 13582092 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13582092 d:FurnitureFittings 2023-04-01 2024-03-31 13582092 d:FurnitureFittings 2024-03-31 13582092 d:FurnitureFittings 2023-03-31 13582092 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13582092 d:OfficeEquipment 2023-04-01 2024-03-31 13582092 d:OfficeEquipment 2024-03-31 13582092 d:OfficeEquipment 2023-03-31 13582092 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13582092 d:ComputerEquipment 2023-04-01 2024-03-31 13582092 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13582092 d:CurrentFinancialInstruments 2024-03-31 13582092 d:CurrentFinancialInstruments 2023-03-31 13582092 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13582092 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13582092 d:ShareCapital 2024-03-31 13582092 d:ShareCapital 2023-03-31 13582092 d:RetainedEarningsAccumulatedLosses 2024-03-31 13582092 d:RetainedEarningsAccumulatedLosses 2023-03-31 13582092 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13582092 c:OrdinaryShareClass1 2024-03-31 13582092 c:OrdinaryShareClass1 2023-03-31 13582092 c:OrdinaryShareClass2 2023-04-01 2024-03-31 13582092 c:OrdinaryShareClass2 2024-03-31 13582092 c:OrdinaryShareClass2 2023-03-31 13582092 c:FRS102 2023-04-01 2024-03-31 13582092 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13582092 c:FullAccounts 2023-04-01 2024-03-31 13582092 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13582092 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13582092









LEGACY INTERNATIONAL MEDIA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
LEGACY INTERNATIONAL MEDIA LIMITED
 

CONTENTS



Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 9


 
LEGACY INTERNATIONAL MEDIA LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LEGACY INTERNATIONAL MEDIA LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Legacy International Media Limited for the year ended 31 March 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Legacy International Media Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Legacy International Media Limited and state those matters that we have agreed to state to the Board of directors of Legacy International Media Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Legacy International Media Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Legacy International Media Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Legacy International Media Limited. You consider that Legacy International Media Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Legacy International Media Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Calder & Co
 
30 Orange Street
London
WC2H 7HF
11 November 2024
Page 1

 
LEGACY INTERNATIONAL MEDIA LIMITED
REGISTERED NUMBER: 13582092

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,513
950

  
1,513
950

Current assets
  

Debtors: amounts falling due within one year
 5 
1,011
5,540

Cash at bank and in hand
 6 
108,345
4,618

  
109,356
10,158

Creditors: amounts falling due within one year
 7 
(110,711)
(27,466)

Net current liabilities
  
 
 
(1,355)
 
 
(17,308)

Total assets less current liabilities
  
158
(16,358)

  

Net assets/(liabilities)
  
158
(16,358)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
58
(16,458)

  
158
(16,358)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared 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.







 
Page 2

 
LEGACY INTERNATIONAL MEDIA LIMITED
REGISTERED NUMBER: 13582092
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 November 2024.




Andrew David Power
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
LEGACY INTERNATIONAL MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Legacy International Media Limited is a private company limited by shares and incorporated in England and Wales. The company registration number is 13582092. Its registered office is Calder & Co, 30 Orange Street, London, WC2H 7HF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The director concludes the company to be a going concern on the basis that the company's day to day performance has improved since the year end and they are able to settle the net current liabilities as they fall due.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
LEGACY INTERNATIONAL MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer Equipment
-
33.33% straight-line method
Fixtures and fittings
-
33.33% straight-line method
Computer equipment
-
33.33% straight-line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
LEGACY INTERNATIONAL MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 1).

Page 6

 
LEGACY INTERNATIONAL MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Computer Equipment
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
-
-
1,799
1,799


Additions
518
334
543
1,395



At 31 March 2024

518
334
2,342
3,194



Depreciation


At 1 April 2023
-
-
850
850


Charge for the year on owned assets
66
34
731
831



At 31 March 2024

66
34
1,581
1,681



Net book value



At 31 March 2024
452
300
761
1,513



At 31 March 2023
-
-
950
950

Page 7

 
LEGACY INTERNATIONAL MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
867
867

Called up share capital not paid
99
99

Prepayments and accrued income
45
4,574

1,011
5,540



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
108,345
4,618

108,345
4,618



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,537
11,262

Corporation tax
38,505
-

Other taxation and social security
32,859
2,837

Other creditors
29,080
11,028

Accruals and deferred income
3,730
2,339

110,711
27,466



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



90 (2023 - 90) Ordinary share shares of £1.00 each
90
90
10 (2023 - 10) Ordinary A share shares of £1.00 each
10
10

100

100

Page 8

 
LEGACY INTERNATIONAL MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.Share capital (continued)

During the year, 89 Ordinary shares and 10 A shares of £1 each were alloted, issued and fully paid at
par.
The Ordinary £1 shares have attached to them full voting, dividend and capital distribution (including on
winding up) rights; they do not confer any rights of redemption.
The Ordinary A £1 shares includes all rights to capital and dividends of shares. The non voting shares do
not carry any voting rights as set out in the shareholder agreement dated 8 June 2022.



9.


Related party transactions

During the year the director incurred business expenses of £1,468 on behalf of the company. £1,346 sum was paid back to the directors on 28th February 2024. A further net sum of £2,612 was incurred by the director which remain repayable at the year end.

 
Page 9