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REGISTERED NUMBER: 12926902 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Legacy2020 Investments Limited

Legacy2020 Investments Limited (Registered number: 12926902)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

Legacy2020 Investments Limited

Company Information
for the year ended 31 October 2024







DIRECTOR: Mr Kevin Khoffie





REGISTERED OFFICE: 35 Nelson Road
London
E4 9AP





REGISTERED NUMBER: 12926902 (England and Wales)





ACCOUNTANTS: G Defor and Co
Chartered Certified Accountants
55 Carters Mead
Harlow
Essex
CM17 9ER

Legacy2020 Investments Limited (Registered number: 12926902)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 160,000 160,000

CURRENT ASSETS
Debtors 5 4,000 4,000
Cash at bank 663 1,927
4,663 5,927
CREDITORS
Amounts falling due within one year 6 57,125 56,575
NET CURRENT LIABILITIES (52,462 ) (50,648 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,538

109,352

CREDITORS
Amounts falling due after more than one
year

7

121,800

121,800
NET LIABILITIES (14,262 ) (12,448 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (14,362 ) (12,548 )
SHAREHOLDERS' FUNDS (14,262 ) (12,448 )

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

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

The director acknowledges his 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.

Legacy2020 Investments Limited (Registered number: 12926902)

Balance Sheet - continued
31 October 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 director and authorised for issue on 28 July 2025 and were signed by:





Mr Kevin Khoffie - Director


Legacy2020 Investments Limited (Registered number: 12926902)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Legacy2020 Investments Limited 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties, which comprises properties held for rental, are revalue annually and aggregate surplus or deficit transferred to the revaluation reserve except where any deficit is deemed permanent when it is taken to the profit and loss account. No provision is made for depreciation of investment properties. This is a departure from the requirement of the Regulations, which require all properties to be depreciated, is in the opinion of the Director, necessary for financial statement to show a true and fair view in accordance with applicable accounting standards. If this departure had not been made, the profit for the financial year would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

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 NIL (2023 - NIL).

Legacy2020 Investments Limited (Registered number: 12926902)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 160,000
NET BOOK VALUE
At 31 October 2024 160,000
At 31 October 2023 160,000

The bank has a legal charge over the invesment property of the company.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 4,000 4,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other creditors 57,125 56,575

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 121,800 121,800

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 121,800 121,800

8. RELATED PARTY DISCLOSURES

During the current year, the company was controlled by the director, Mr Moses Asare by vitue of ownership of the entire share capital.

At the balance sheet date the company owed it's director £57,125 (2023-£56,075).

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Legacy2020 Investments Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Legacy2020 Investments Limited for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Legacy2020 Investments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Legacy2020 Investments Limited and state those matters that we have agreed to state to the director of Legacy2020 Investments Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Legacy2020 Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Legacy2020 Investments Limited. You consider that Legacy2020 Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Legacy2020 Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






G Defor and Co
Chartered Certified Accountants
55 Carters Mead
Harlow
Essex
CM17 9ER


28 July 2025