1 January 2025 false No description of principal activity Taxfiler 2024.6 SC283749 business:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC283749 2024-12-31 SC283749 2025-01-01 2025-12-31 SC283749 business:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 SC283749 business:FilletedAccounts 2025-01-01 2025-12-31 SC283749 2025-12-31 SC283749 business:Director1 2025-01-01 2025-12-31 SC283749 business:Director2 2025-01-01 2025-12-31 SC283749 business:Director3 2025-01-01 2025-12-31 SC283749 business:Director4 2025-01-01 2025-12-31 SC283749 business:Director5 2025-01-01 2025-12-31 SC283749 business:Director6 2025-01-01 2025-12-31 SC283749 business:CompanySecretary1 2025-01-01 2025-12-31 SC283749 business:RegisteredOffice 2025-01-01 2025-12-31 SC283749 2024-12-31 SC283749 core:WithinOneYear 2025-12-31 SC283749 core:WithinOneYear 2024-12-31 SC283749 core:AfterOneYear 2025-12-31 SC283749 core:AfterOneYear 2024-12-31 SC283749 core:ShareCapital core:PreviouslyStatedAmount 2025-12-31 SC283749 core:ShareCapital core:PreviouslyStatedAmount 2024-12-31 SC283749 core:CapitalRedemptionReserve core:PreviouslyStatedAmount 2025-12-31 SC283749 core:CapitalRedemptionReserve core:PreviouslyStatedAmount 2024-12-31 SC283749 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-12-31 SC283749 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-12-31 SC283749 core:PreviouslyStatedAmount 2025-12-31 SC283749 core:PreviouslyStatedAmount 2024-12-31 SC283749 business:SmallEntities 2025-01-01 2025-12-31 SC283749 countries:Scotland 2025-01-01 2025-12-31 SC283749 core:ComputerEquipment 2024-12-31 SC283749 core:ComputerEquipment 2025-01-01 2025-12-31 SC283749 core:ComputerEquipment 2025-12-31 SC283749 business:OrdinaryShareClass1 2025-01-01 2025-12-31 SC283749 business:OrdinaryShareClass1 2024-01-01 2024-12-31 SC283749 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC283749 (Scotland)
Legacy Hotels and Resorts Limited Unaudited accounts for the year ended 31 December 2025
Legacy Hotels and Resorts Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Legacy Hotels and Resorts Limited Company Information for the year ended 31 December 2025
Directors
James Gordon David Biesok Kevin Skeet Andrew Townsend Shaffin Jaffer Victoria Ackling
Secretary
James Gordon
Company Number
SC283749 (Scotland)
Registered Office
7 MELVILLE STREET MELVILLE STREET EDINBURGH EH3 7PE
Accountants
Accounts and Returns Ltd 26 Smith St Warwick CV34 4HS
- 3 -
Legacy Hotels and Resorts Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
18,424
15,711
Current assets
Inventories
-
3,600
Debtors
5
2,330,214
2,095,346
Cash at bank and in hand
463,177
489,221
2,793,391
2,588,167
Creditors: amounts falling due within one year
6
(881,522)
(750,980)
Net current assets
1,911,869
1,837,187
Total assets less current liabilities
1,930,293
1,852,898
Creditors: amounts falling due after more than one year
7
(4,397)
(14,783)
Net assets
1,925,896
1,838,115
Capital and reserves
Called up share capital
8
4,778
4,778
Capital redemption reserve
(24,309)
(24,309)
Profit and loss account
1,945,427
1,857,646
Shareholders' funds
1,925,896
1,838,115
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 27 February 2026 and were signed on its behalf by
James Gordon Director Company Registration No. SC283749
- 4 -
Legacy Hotels and Resorts Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Legacy Hotels and Resorts Limited is a private company, limited by shares, registered in Scotland, registration number SC283749. The registered office is 7 MELVILLE STREET, MELVILLE STREET, EDINBURGH, EH3 7PE.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 January 2025
144,485
Additions
9,224
At 31 December 2025
153,709
Depreciation
At 1 January 2025
128,774
Charge for the year
6,511
At 31 December 2025
135,285
Net book value
At 31 December 2025
18,424
At 31 December 2024
15,711
- 5 -
Legacy Hotels and Resorts Limited Notes to the Accounts for the year ended 31 December 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
748,872
843,254
Accrued income and prepayments
267,064
271,551
Other debtors
1,314,278
980,541
2,330,214
2,095,346
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
270,837
182,828
Taxes and social security
219,877
239,240
Other creditors
377,861
233,561
Accruals
12,947
95,351
881,522
750,980
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
4,397
14,783
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
4,778 Ordinary shares of £1 each
4,778
4,778
- 6 -
Legacy Hotels and Resorts Limited Notes to the Accounts for the year ended 31 December 2025
9
Transactions with related parties
Branded Hotel Management Ltd; The Company received services of £0.00 (2024:£0.00) of which £0.00 was outstanding at the year end and provided services of £0.00 (2024:£0.00) the balance outstanding to the Company at the year end was £0.00 Legacy Hotels Management Ltd; The Company received services of £0.00 (2024:£0.00) of which £0.00 was outstanding at the year end and provided services of £0.00 (2024:£0.00), the balance outstanding at the year end was £0.00 Chilworth Manor Ltd; The Company received services of £166.67 (2024:£481.50) of which £200 was outstanding at the year end and provided services of £121555.74 (2024:£112828.58) of which £11063.89 was outstanding at the year end. Angel Hotel Chippenham Ltd; The Company received services of £0.00 (2024: £33.33) of which £0.00 was outstanding at the year end and provided services of £85249.79 (2024: 92935.15) of which £17429.35 was outstanding at the year end. Taj Securities Ltd; The Company received services of £108.33 (2024: £87.88) of which £0.00 was outstanding at the year end and provided services of £76343.43 (2024: £68683.14) of which £37172.50 was outstanding at the year end. Trade Bond Ltd; The Company received services of £153.23 (2024:£0.00) of which £183.88 was outstanding at the year end and provided services of £66390.48 (2024: £61900.03) of which £798483.13 was outstanding at the year end. Castle Green Hotel Ltd; The Company received services of £10025.35 (2024: ££2250) of which £0.00 was outstanding at the year end and provided services of £229446.02 (2024: £214291.89) of which £25443.51 was outstanding at the year end. Hospitality Ventures Ltd; The Company received services of £223070.00 (2024: £194140.00) of which £0.00 was outstanding at the year end and provided services of £9569.48 (2024: £4880.06) and £200597.57 was outstanding at the year end. Handy Cross Opco Ltd Ltd; The Company received services of £18728.11 (2024: £13451.47) of which £2199.51 was outstanding at the year end and provided services of £98210.78 (2024: £117394.85) and £47549.81 was outstanding at the year end. Handy Cross Devco Ltd; The Company received services of £0.00 (2024: £0.00) of which £0.00 was outstanding at the year end and provided services of £4646.12 (2024: £13) and £100000.00 was outstanding at the year end. PV Hotel SPV Ltd; The Company received services of £1974.71 (2024: £10383.80) of which 0.00 was outstanding at the year end and provided services of £22870.66 (2024: £19395.36) and £9470.78 was outstanding at the year end During the year the company entered into transactions with the Legacy Hotels 2025 Limited Employee Ownership Trust, which is the majority shareholder of the company. The transactions relate to the funding of the Trust’s acquisition of shares. At the balance sheet date £50,308 (2024: £0) was outstanding. During the year the majority shareholding in the company was acquired by the Legacy Hotels 2025 Limited Employee Ownership Trust, which holds 65% of the issued share capital. The Trust is incorporated in the United Kingdom and acts for the benefit of the employees of the Group. The directors consider that there is no ultimate controlling party. As part of the transaction the former majority shareholders provided a vendor loan to the Legacy Hotels 2025 Limited Employee Ownership Trust to finance the acquisition of shares. The loan is repayable from future profits of the group. The loan is interest free for the first three years and thereafter interest is charged at 6%. At the balance sheet date the balance outstanding to the vendors was £4,622,637 (2024: £nil).
10
Average number of employees
During the year the average number of employees was 15 (2024: 16).
- 7 -