Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302023-07-01truefalseNo description of principal activity76trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09190543 2023-07-01 2024-06-30 09190543 2022-07-01 2023-06-30 09190543 2024-06-30 09190543 2023-06-30 09190543 c:Director2 2023-07-01 2024-06-30 09190543 d:Buildings d:ShortLeaseholdAssets 2023-07-01 2024-06-30 09190543 d:Buildings d:ShortLeaseholdAssets 2024-06-30 09190543 d:Buildings d:ShortLeaseholdAssets 2023-06-30 09190543 d:FurnitureFittings 2023-07-01 2024-06-30 09190543 d:FurnitureFittings 2024-06-30 09190543 d:FurnitureFittings 2023-06-30 09190543 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09190543 d:ComputerEquipment 2023-07-01 2024-06-30 09190543 d:ComputerEquipment 2024-06-30 09190543 d:ComputerEquipment 2023-06-30 09190543 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09190543 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09190543 d:CurrentFinancialInstruments 2024-06-30 09190543 d:CurrentFinancialInstruments 2023-06-30 09190543 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09190543 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09190543 d:ShareCapital 2024-06-30 09190543 d:ShareCapital 2023-06-30 09190543 d:RetainedEarningsAccumulatedLosses 2024-06-30 09190543 d:RetainedEarningsAccumulatedLosses 2023-06-30 09190543 c:OrdinaryShareClass1 2023-07-01 2024-06-30 09190543 c:OrdinaryShareClass1 2024-06-30 09190543 c:OrdinaryShareClass1 2023-06-30 09190543 c:FRS102 2023-07-01 2024-06-30 09190543 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09190543 c:FullAccounts 2023-07-01 2024-06-30 09190543 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09190543 2 2023-07-01 2024-06-30 09190543 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09190543









OUR LEGACY (UK) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
OUR LEGACY (UK) LIMITED
REGISTERED NUMBER: 09190543

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
139,015
142,372

  
139,015
142,372

Current assets
  

Debtors: amounts falling due within one year
 5 
42,836
39,846

Cash at bank and in hand
 6 
670,052
547,629

  
712,888
587,475

Creditors: amounts falling due within one year
 7 
(204,507)
(384,998)

Net current assets
  
 
 
508,381
 
 
202,477

Total assets less current liabilities
  
647,396
344,849

  

Net assets
  
647,396
344,849


Capital and reserves
  

Called up share capital 
 8 
40,100
40,100

Profit and loss account
  
607,296
304,749

  
647,396
344,849


Page 1

 
OUR LEGACY (UK) LIMITED
REGISTERED NUMBER: 09190543
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

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.

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 by: 




R Klaren
Director

Date: 25 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
OUR LEGACY (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Our Legacy (UK) Limited is a private Company limited by shares and incorporated in England (Registered  number 09190543). Its registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The principal activity of the Company during the year continued to be that of retail sales of clothing.

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 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

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.

Page 3

 
OUR LEGACY (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Computer equipment
-
25%

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.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

Page 4

 
OUR LEGACY (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

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 reporting date in the countries where the Company operates and generates income.



3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 6).

Page 5

 
OUR LEGACY (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2023
128,948
46,067
2,431
177,446



At 30 June 2024

128,948
46,067
2,431
177,446



Depreciation


At 1 July 2023
-
33,212
1,861
35,073


Charge for the year on owned assets
-
3,215
143
3,358



At 30 June 2024

-
36,427
2,004
38,431



Net book value



At 30 June 2024
128,948
9,640
427
139,015



At 30 June 2023
128,948
12,855
569
142,372

Page 6

 
OUR LEGACY (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
4,451
-

Other debtors
37,103
34,675

Prepayments and accrued income
1,282
5,171

42,836
39,846



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
670,052
547,629

670,052
547,629



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
400
8,405

Other taxation and social security
26,217
16,042

Other creditors
70,955
332,175

Accruals and deferred income
4,966
4,966

Corporation tax
101,969
23,410

204,507
384,998



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



40,100 (2023 - 40,100) Ordinary shares of £1.00 each
40,100
40,100


 
Page 7