Company registration number 08841635 (England and Wales)
LEADER LEGACY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
LEADER LEGACY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
LEADER LEGACY LIMITED (REGISTERED NUMBER: 08841635)
BALANCE SHEET
AS AT 31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,034
5,378
Investment property
4
210,000
204,554
Investments
5
60
10
214,094
209,942
Current assets
Debtors
7
222
-
0
Cash at bank and in hand
7,281
3,140
7,503
3,140
Creditors: amounts falling due within one year
8
(79,190)
(221,627)
Net current liabilities
(71,687)
(218,487)
Total assets less current liabilities
142,407
(8,545)
Creditors: amounts falling due after more than one year
9
(165,769)
-
Net liabilities
(23,362)
(8,545)
Capital and reserves
Called up share capital
100
100
Non-distributable profits reserve
10
2,313
-
0
Distributable profit and loss reserves
(25,775)
(8,645)
Total equity
(23,362)
(8,545)
LEADER LEGACY LIMITED (REGISTERED NUMBER: 08841635)
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025
31 January 2025
- 2 -

For the financial year ended 31 January 2025 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 21 July 2025
Miss J A Leader
Director
LEADER LEGACY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
1
Accounting policies
Company information

Leader Legacy Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 399-401 Strand, London, England, WC2R 0LT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover represents rental income received during the period which relates to current accounting period.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

LEADER LEGACY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 February 2024 and 31 January 2025
5,867
Depreciation and impairment
At 1 February 2024
489
Depreciation charged in the year
1,344
At 31 January 2025
1,833
Carrying amount
At 31 January 2025
4,034
At 31 January 2024
5,378
4
Investment property
2025
£
Fair value
At 1 February 2024
204,554
Additions
3,133
Revaluations
2,313
At 31 January 2025
210,000

Investment property comprises properties at fair value of £210,000. The fair value of the investment property has been arrived at by the directors of the company. the valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

LEADER LEGACY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 5 -
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
60
10
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 February 2024
10
Additions
50
At 31 January 2025
60
Carrying amount
At 31 January 2025
60
At 31 January 2024
10
6
Subsidiaries

Details of the company's subsidiaries at 31 January 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
143 Property Ltd
United Kingdom
Ordinary B
50.00
Surestay Group Ltd
United Kingdom
Ordinary
50.00
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
222
-
0
8
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
180
Other creditors
79,190
221,447
79,190
221,627
LEADER LEGACY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
165,769
-
0
Creditors which fall due after five years are payable as follows:
Payable other than by instalments
165,769
-

The bank loan is secured against the property in the company's name by way of fixed and floating charge.

10
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
-
-
Non distributable profits in the year
2,313
-
At the end of the year
2,313
-
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