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REGISTERED NUMBER: SC666246 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Legacy Property Developments (Hjee)
Limited

Legacy Property Developments (Hjee)
Limited (Registered number: SC666246)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Legacy Property Developments (Hjee)
Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: A S Mckie





REGISTERED OFFICE: Unit 3, KPP Chartered Accountants
Morris Park
37 Rosyth Road
Glasgow
G5 0YE





REGISTERED NUMBER: SC666246 (Scotland)





ACCOUNTANTS: Key Professional Partnership Ltd
Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YE

Legacy Property Developments (Hjee)
Limited (Registered number: SC666246)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 875,000 875,000

CURRENT ASSETS
Debtors 5 2,810 276,572
Cash at bank 1,632 568
4,442 277,140
CREDITORS
Amounts falling due within one year 6 320,984 886,015
NET CURRENT LIABILITIES (316,542 ) (608,875 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

558,458

266,125

CREDITORS
Amounts falling due after more than one
year

7

(371,961

)

-

PROVISIONS FOR LIABILITIES (52,250 ) (52,250 )
NET ASSETS 134,247 213,875

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 275,000 275,000
Retained earnings (140,853 ) (61,225 )
134,247 213,875

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Legacy Property Developments (Hjee)
Limited (Registered number: SC666246)

Balance Sheet - continued
31 July 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 July 2025 and were signed by:





A S Mckie - Director


Legacy Property Developments (Hjee)
Limited (Registered number: SC666246)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Legacy Property Developments (Hjee) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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).

Legacy Property Developments (Hjee)
Limited (Registered number: SC666246)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 875,000
NET BOOK VALUE
At 31 July 2024 875,000
At 31 July 2023 875,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2022 275,000
Cost 600,000
875,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.7.24 31.7.23
£    £   
Cost 600,000 600,000

the investment property was valued on an open market basis on 31 July 2022 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 800 3,766
Amounts owed by associates - 271,054
Other debtors 2,010 1,752
2,810 276,572

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 47,243 -
Trade creditors - 1,090
Amounts owed to associates 109,220 292,412
Taxation and social security 2,343 4,737
Other creditors 162,178 587,776
320,984 886,015

Legacy Property Developments (Hjee)
Limited (Registered number: SC666246)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 371,961 -

8. RESERVES
Fair
value
reserve
£   
At 1 August 2023
and 31 July 2024 275,000

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
A S Mckie
Balance outstanding at start of year (79,901 ) (79,901 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (79,901 )

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Legacy Property Developments (Hjee)
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 Profit and Loss Account 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 Legacy Property Developments (Hjee) Limited for the year ended 31 July 2024 which comprise the Profit and Loss Account, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of Legacy Property Developments (Hjee) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Legacy Property Developments (Hjee) Limited and state those matters that we have agreed to state to the director of Legacy Property Developments (Hjee) Limited in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. 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 Legacy Property Developments (Hjee) 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 Legacy Property Developments (Hjee) Limited. You consider that Legacy Property Developments (Hjee) 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 Legacy Property Developments (Hjee) 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.






Key Professional Partnership Ltd
Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YE


23 July 2025