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REGISTERED NUMBER: 01770995 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MAINLEGION LIMITED

MAINLEGION LIMITED (REGISTERED NUMBER: 01770995)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAINLEGION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: S B Katz
J E L Katz
M J Katz
K G Katz
H S Katz





SECRETARY: J E L Katz





REGISTERED OFFICE: Zetland House
5-25 Scrutton Street
London
EC2A 4HJ





REGISTERED NUMBER: 01770995 (England and Wales)





ACCOUNTANTS: MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

MAINLEGION LIMITED (REGISTERED NUMBER: 01770995)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Investment property 4 644,866 644,866

CURRENT ASSETS
Debtors 5 3,499,746 4,572,472
Cash at bank 8,220,535 5,871,298
11,720,281 10,443,770
CREDITORS
Amounts falling due within one year 6 (750,229 ) (420,343 )
NET CURRENT ASSETS 10,970,052 10,023,427
TOTAL ASSETS LESS CURRENT LIABILITIES 11,614,918 10,668,293

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 11,614,916 10,668,291
SHAREHOLDERS' FUNDS 11,614,918 10,668,293

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

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

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 Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:




S B Katz - Director


MAINLEGION LIMITED (REGISTERED NUMBER: 01770995)

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


1. COMPANY INFORMATION

Mainlegion 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.

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.

Investment property
Investment property is carried at cost and therefore the policy is not in accordance with Section 1A of Financial Reporting Standard 102. The financial statements may not show a true and fair view.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 January 2024
and 31 December 2024 644,866
NET BOOK VALUE
At 31 December 2024 644,866
At 31 December 2023 644,866

MAINLEGION LIMITED (REGISTERED NUMBER: 01770995)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by group undertakings 3,424,992 4,524,992
Other debtors 74,754 47,480
3,499,746 4,572,472

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 129,484 55,267
Taxation and social security 413,428 269,976
Other creditors 207,317 95,100
750,229 420,343

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
200 Ordinary 1p 2 2

8. RELATED PARTY DISCLOSURES

The Company rents its property to the David Zetland Settlement Trust, in which the directors have beneficial interests, for £1,600,000 per annum. At 31 December 2024 £867,032 (2023: £1,467,032) was owed to the Company by the David Zetland Settlement Trust.