Company Registration No. 10208386 (England and Wales)
THE FAMILY (LEGENDARY) LTD.
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019
PAGES FOR FILING WITH REGISTRAR
THE FAMILY (LEGENDARY) LTD.
COMPANY INFORMATION
Directors
O. Ammar
N. Colin
B. De Lavergne
A. Zagury
Secretary
OHS SECRETARIES LIMITED
Company number
10208386
Registered office
1 Frederick's Place
London
EC2R 8AE
Accountants
01 Accounting Services Ltd
Office G07
14-16 Dowgate Hill
London
United Kingdom
EC4R 2SU
THE FAMILY (LEGENDARY) LTD.
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
THE FAMILY (LEGENDARY) LTD.
BALANCE SHEET
AS AT
31 DECEMBER 2019
31 December 2019
- 1 -
2019
2018
Notes
£
£
£
£
Fixed assets
Investments
3
10,696
10,888
Current assets
Debtors
4
8,367
33,838
Cash at bank and in hand
-
102
8,367
33,940
Creditors: amounts falling due within one year
-
(38)
Net current assets
8,367
33,902
Total assets less current liabilities
19,063
44,790
Capital and reserves
Called up share capital
5
2,000
2,000
Share premium account
43,822
52,977
Profit and loss reserves
(26,759)
(10,187)
Total equity
19,063
44,790
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 15 December 2020 and are signed on its behalf by:
O. Ammar
Director
Company Registration No. 10208386
THE FAMILY (LEGENDARY) LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019
- 2 -
1
Accounting policies
Company information
THE FAMILY (LEGENDARY) LTD. is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
1 Frederick's Place, London, EC2R 8AE.
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 a
mounts
in these financial statements are
rounded to the nearest £.
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.
1.2
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.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities
.
1.3
Cash and cash equivalents
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 0
(2018 - 0).
THE FAMILY (LEGENDARY) LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
- 3 -
3
Fixed asset investments
2019
2018
£
£
Investments
10,696
10,888
Movements in fixed asset investments
Shares in group undertakings and participating interests
£
Cost or valuation
At 1 January 2019
10,888
Additions
25
Disposals
(217)
At 31 December 2019
10,696
Carrying amount
At 31 December 2019
10,696
At 31 December 2018
10,888
4
Debtors
2019
2018
Amounts falling due within one year:
£
£
Amounts due from group undertakings
8,367
24,683
Other debtors
-
9,155
8,367
33,838
5
Called up share capital
2019
2018
£
£
Issued and fully paid
2,000,047 Ordinary Share of 0.1p each
2,000
2,000