Company registration number: 11233975
Unaudited financial statements
for the period ended 28 February 2024
for
Stronghold Legacy Ltd
Pages for filing with the Registrar
Company registration number: 11233975
Stronghold Legacy Ltd
Balance sheet
as at 28 February 2024
28 Feb 24 28 Feb 23
Note £ £ £ £
Fixed assets
Tangible assets 4 4,481 4,481
Investment property 5 1,200,991 1,191,083
1,205,472 1,195,564
Current assets
Cash at bank and in hand 4,055 249,971
4,055 249,971
Creditors: amounts falling due within
one year
(1,215,262) (1,450,259)
Net current liabilities (1,211,207) (1,200,288)
Total assets less current liabilities (5,735) (4,724)
NET LIABILITIES (5,735) (4,724)
Capital and reserves
Called up share capital 100 100
Profit and loss account (5,835) (4,824)
TOTAL EQUITY (5,735) (4,724)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 28 February 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 11233975
Stronghold Legacy Ltd
Balance sheet - continued
as at 28 February 2024
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
Signed by:
Mrs J Whittaker, Director
29 November 2024
2
Stronghold Legacy Ltd
Notes to the financial statements
for the period ended 28 February 2024
1 Company information
Stronghold Legacy Ltd is a private company registered in England and Wales. Its registered number is 11233975. The company is limited by shares. Its registered office is 120 Chipstead Lane, Sevenoaks, Kent, TN13 2AL.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Exemption from preparation of consolidated financial statements
The financial statements contain information about Stronghold Legacy Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 15% reducing balance
Fixtures & fittings - 15% reducing balance
Computer equipment - 15% reducing balance
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
3
Stronghold Legacy Ltd
Notes to the financial statements - continued
for the period ended 28 February 2024
3 Average number of employees
During the period the average number of employees was Nil (2023 - Nil).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 March 2023 4,481
At 28 February 2024 4,481
Depreciation
At 28 February 2024 -
Net book value
At 28 February 2024 4,481
At 28 February 2023 4,481
5 Investment property
£
Valuation
At 1 March 2023 1,191,081
Additions 9,910
At 28 February 2024 1,200,991
4
Stronghold Legacy Ltd
Exception report
for the period ended 28 February 2024
The following differences exist between the previous year's closing balances per the accounts and the
current year's opening balances per the Trial Balance:
Investment property
Opening balance at
1 March 2023 per
TB
Balance at 28
February 2023 per
accounts
Difference
£ £ £
Investment property - net book value 1,191,081 1,191,083 (2)
Reserves
Opening balance at
1 March 2023 per
TB
Balance at 28
February 2023 per
accounts
Difference
£ £ £
Profit and loss account (Account 968) - (4,824) 4,824
- (4,824) 4,824
This page does not form part of the statutory financial statements.
5