REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH JUNE 2023 |
FOR |
LAND LOGIC LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH JUNE 2023 |
FOR |
LAND LOGIC LIMITED |
LAND LOGIC LIMITED (REGISTERED NUMBER: 04232665) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH JUNE 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
LAND LOGIC LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH JUNE 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
The Atrium Business Centre |
Curtis Road |
Dorking |
Surrey |
RH4 1XA |
LAND LOGIC LIMITED (REGISTERED NUMBER: 04232665) |
BALANCE SHEET |
30TH JUNE 2023 |
30/6/23 | 30/6/22 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges her 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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
LAND LOGIC LIMITED (REGISTERED NUMBER: 04232665) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH JUNE 2023 |
1. | STATUTORY INFORMATION |
Land Logic Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts have been prepared on a going concern basis on the assumption that the company will continue to receive financial support from its director and its director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. |
Turnover |
Turnover represents management fees and rents receivable. |
Tangible fixed assets |
Plant and machinery | - |
Computer equipment | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 |
LAND LOGIC LIMITED (REGISTERED NUMBER: 04232665) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
COST |
At 1st July 2022 |
Disposals | ( |
) | ( |
) |
At 30th June 2023 |
DEPRECIATION |
At 1st July 2022 |
Eliminated on disposal | ( |
) | ( |
) |
At 30th June 2023 |
NET BOOK VALUE |
At 30th June 2023 |
At 30th June 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/6/23 | 30/6/22 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/6/23 | 30/6/22 |
£ | £ |
Taxation and social security |
Other creditors |
LAND LOGIC LIMITED (REGISTERED NUMBER: 04232665) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2023 |
7. | RELATED PARTY DISCLOSURES |
Tim Martin Interiors Limited |
A company in which Hillu Martin is a shareholder |
During the year the company loaned £105,122 to Tim Martin Interiors Ltd (2022 - £101,622). This loan is interest free, unsecured and repayable on demand. |
Morecambe Antiques Limited |
A company in which Hillu Martin is a shareholder |
During the year the company loaned £49,927 to Morecambe Antiques Ltd (2022 - £49,606). This loan is interest free, unsecured and repayable on demand. |
Galway Properties Limited |
A company in which Hillu Martin is a shareholder. |
During the year the company was provided with a loan of £371,787 from Galway Properties Ltd (2022 - £375,758). This loan is unsecured and repayable on demand. |
Goodway Properties Limited |
A company in which Hillu Martin is a shareholder. |
During the year the company was provided with a loan of £223,339 from Goodway Properties Ltd (2022 - £228,074). This loan is interest free, unsecured and repayable on demand. |
Freehold Land Buyers Limited |
A company in which Morecambe Antiques Limited (wholly owned by Hillu Martin) is a shareholder |
During the year the company was provided with a loan of £61,203 from Freehold Land Buyers Ltd (2022 - (£87,897)). This loan is interest free, unsecured and repayable on demand. |