IRIS Accounts Production v23.1.0.753 03514967 Board of Directors 28.8.22 27.8.23 27.8.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure035149672022-08-27035149672023-08-27035149672022-08-282023-08-27035149672021-08-27035149672021-08-282022-08-27035149672022-08-2703514967ns15:EnglandWales2022-08-282023-08-2703514967ns14:PoundSterling2022-08-282023-08-2703514967ns10:Director12022-08-282023-08-2703514967ns10:PrivateLimitedCompanyLtd2022-08-282023-08-2703514967ns10:SmallEntities2022-08-282023-08-2703514967ns10:AuditExempt-NoAccountantsReport2022-08-282023-08-2703514967ns10:SmallCompaniesRegimeForDirectorsReport2022-08-282023-08-2703514967ns10:SmallCompaniesRegimeForAccounts2022-08-282023-08-2703514967ns10:FullAccounts2022-08-282023-08-2703514967ns10:OrdinaryShareClass12022-08-282023-08-2703514967ns10:Director22022-08-282023-08-2703514967ns10:Director32022-08-282023-08-2703514967ns10:RegisteredOffice2022-08-282023-08-2703514967ns5:CurrentFinancialInstruments2023-08-2703514967ns5:CurrentFinancialInstruments2022-08-2703514967ns5:ShareCapital2023-08-2703514967ns5:ShareCapital2022-08-2703514967ns5:RetainedEarningsAccumulatedLosses2023-08-2703514967ns5:RetainedEarningsAccumulatedLosses2022-08-2703514967ns5:PlantMachinery2022-08-282023-08-2703514967ns5:FurnitureFittings2022-08-282023-08-2703514967ns5:ComputerEquipment2022-08-282023-08-2703514967ns5:PlantMachinery2022-08-2703514967ns5:FurnitureFittings2022-08-2703514967ns5:ComputerEquipment2022-08-2703514967ns5:PlantMachinery2023-08-2703514967ns5:FurnitureFittings2023-08-2703514967ns5:ComputerEquipment2023-08-2703514967ns5:PlantMachinery2022-08-2703514967ns5:FurnitureFittings2022-08-2703514967ns5:ComputerEquipment2022-08-2703514967ns10:OrdinaryShareClass12023-08-27
REGISTERED NUMBER: 03514967 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 AUGUST 2023

FOR

TITANLOGIC LIMITED

TITANLOGIC LIMITED (REGISTERED NUMBER: 03514967)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TITANLOGIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 27 AUGUST 2023







DIRECTORS: WDJ Koninckx
L F Koninckx
A E T Koninckx





REGISTERED OFFICE: Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT





REGISTERED NUMBER: 03514967 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT

TITANLOGIC LIMITED (REGISTERED NUMBER: 03514967)

BALANCE SHEET
27 AUGUST 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 782 923
Investment property 5 300,000 300,000
300,782 300,923

CURRENT ASSETS
Debtors 6 160 95
Cash at bank 1,512 3,489
1,672 3,584
CREDITORS
Amounts falling due within one year 7 250,963 250,914
NET CURRENT LIABILITIES (249,291 ) (247,330 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,491

53,593

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 51,489 53,591
SHAREHOLDERS' FUNDS 51,491 53,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 August 2023 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.

TITANLOGIC LIMITED (REGISTERED NUMBER: 03514967)

BALANCE SHEET - continued
27 AUGUST 2023


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 Board of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by:





WDJ Koninckx - Director


TITANLOGIC LIMITED (REGISTERED NUMBER: 03514967)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 AUGUST 2023

1. STATUTORY INFORMATION

Titanlogic 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised for the sale of goods when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on the dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefit will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue is recognised for the provision of services when it is probable that an economic benefit will flow to the entity and that the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured using a percentage of completion method.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Hunting Equipment - 15% on reducing balance
Fixtures, Fittings & Equipment - 15% on reducing balance
Computer equipment - 33% on reducing balance

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 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.


TITANLOGIC LIMITED (REGISTERED NUMBER: 03514967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 AUGUST 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Hunting Fittings Computer
Equipment & Equipment equipment Totals
£    £    £    £   
COST
At 28 August 2022
and 27 August 2023 3,265 5,956 1,553 10,774
DEPRECIATION
At 28 August 2022 2,827 5,473 1,551 9,851
Charge for year 66 73 2 141
At 27 August 2023 2,893 5,546 1,553 9,992
NET BOOK VALUE
At 27 August 2023 372 410 - 782
At 27 August 2022 438 483 2 923

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 28 August 2022
and 27 August 2023 300,000
NET BOOK VALUE
At 27 August 2023 300,000
At 27 August 2022 300,000

TITANLOGIC LIMITED (REGISTERED NUMBER: 03514967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 AUGUST 2023

5. INVESTMENT PROPERTY - continued

Fair value at 27 August 2023 is represented by:
£   
Valuation in 2022 57,195
Cost 242,805
300,000

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

2023 2022
as restated
£    £   
Cost 242,805 242,805

Investment property was valued on an open market basis on 10 December 2022 by Safti .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
VAT 160 95

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade creditors 48 -
Directors' current accounts 250,089 250,089
Accruals and deferred income 826 825
250,963 250,914

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as restated
£    £   
2 Ordinary £1 2 2