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Company Registration No. 12284793 (England and Wales)
LEGACY PROPERTY GROUP LTD Unaudited accounts for the year ended 31 October 2024
LEGACY PROPERTY GROUP LTD Unaudited accounts Contents
Page
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LEGACY PROPERTY GROUP LTD Company Information for the year ended 31 October 2024
Director
Andrew Collyer
Company Number
12284793 (England and Wales)
Registered Office
THE LINDENS WALCOT ROAD RODINGTON SHREWSBURY SY4 4QQ UNITED KINGDOM
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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LEGACY PROPERTY GROUP LTD Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
25 
Investment property
182,000 
182,000 
182,000 
182,025 
Current assets
Debtors
600 
600 
Cash at bank and in hand
33,116 
27,026 
33,716 
27,626 
Creditors: amounts falling due within one year
(163,337)
(158,473)
Net current liabilities
(129,621)
(130,847)
Net assets
52,379 
51,178 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
52,376 
51,175 
Shareholders' funds
52,379 
51,178 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 May 2025 and were signed on its behalf by
Andrew Collyer Director Company Registration No. 12284793
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LEGACY PROPERTY GROUP LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
LEGACY PROPERTY GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 12284793. The registered office is THE LINDENS WALCOT ROAD, RODINGTON, SHREWSBURY, SY4 4QQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% Straight Line
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LEGACY PROPERTY GROUP LTD Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2023
237 
At 31 October 2024
237 
Depreciation
At 1 November 2023
212 
Charge for the year
25 
At 31 October 2024
237 
Net book value
At 31 October 2024
- 
At 31 October 2023
25 
5
Investment property
2024 
£ 
Fair value at 1 November 2023
182,000 
At 31 October 2024
182,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
600 
600 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
(1,485)
- 
Other creditors
7,425 
7,425 
Loans from directors
157,038 
150,785 
Accruals
359 
263 
163,337 
158,473 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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