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REGISTERED NUMBER: 10870097 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

LEGAH ASSETS HOLDING COMPANY LTD

LEGAH ASSETS HOLDING COMPANY LTD (REGISTERED NUMBER: 10870097)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEGAH ASSETS HOLDING COMPANY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S Legah
Mrs B Legah





REGISTERED OFFICE: 68 Butlers Road
Birmingham
B20 2PA





REGISTERED NUMBER: 10870097 (England and Wales)

LEGAH ASSETS HOLDING COMPANY LTD (REGISTERED NUMBER: 10870097)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 359,943 359,943
Investments 5 1,000 -
360,943 359,943

CURRENT ASSETS
Debtors 6 3,500 -
Cash at bank and in hand 9,550 11,110
13,050 11,110
CREDITORS
Amounts falling due within one year 7 97,269 97,368
NET CURRENT LIABILITIES (84,219 ) (86,258 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,724

273,685

CREDITORS
Amounts falling due after more than one
year

8

225,378

237,021
NET ASSETS 51,346 36,664

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 51,345 36,663
SHAREHOLDERS' FUNDS 51,346 36,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LEGAH ASSETS HOLDING COMPANY LTD (REGISTERED NUMBER: 10870097)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by:





S Legah - Director


LEGAH ASSETS HOLDING COMPANY LTD (REGISTERED NUMBER: 10870097)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Legah Assets Holding Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

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.

Taxation
Taxation for the year 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

LEGAH ASSETS HOLDING COMPANY LTD (REGISTERED NUMBER: 10870097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2023
and 31 March 2024 359,943
NET BOOK VALUE
At 31 March 2024 359,943
At 31 March 2023 359,943

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
Additions 1,000
At 31 March 2024 1,000
NET BOOK VALUE
At 31 March 2024 1,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Hamstead Auto Salvage Limited
Registered office:
Nature of business: Sale of used motor vehicles
%
Class of shares: holding
Ordinary 100.00
11.1.24
£   
Aggregate capital and reserves 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other debtors 3,500 -

LEGAH ASSETS HOLDING COMPANY LTD (REGISTERED NUMBER: 10870097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 211 91
Tax 3,913 4,235
Social security and other taxes 85 78
Other creditors 23 23
Rent Deposits 10,000 10,000
Directors' current accounts 82,077 74,306
Accrued expenses 960 8,635
97,269 97,368

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans (see note 9) 225,378 237,021

9. LOANS

An analysis of the maturity of loans is given below:

31/3/24 31/3/23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 225,378 237,021

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
100 Ordinary £1 1 1

11. RESERVES
Retained
earnings
£   

At 1 April 2023 36,663
Profit for the year 16,682
Dividends (2,000 )
At 31 March 2024 51,345

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2023 - £28,840) were paid to the directors .