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REGISTERED NUMBER: 04232665 (England and Wales)










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: Mrs H Martin





SECRETARY: Mrs H Martin





REGISTERED OFFICE: The Atrium Business Centre
Curtis Road
Dorking
Surrey
RH4 1XA





REGISTERED NUMBER: 04232665 (England and Wales)





ACCOUNTANTS: Ellis Atkins
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 5 196,563 274,678
Cash at bank and in hand 170,743 80,112
367,306 354,790
CREDITORS
Amounts falling due within one year 6 657,959 609,278
NET CURRENT LIABILITIES (290,653 ) (254,488 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(290,653

)

(254,488

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (290,655 ) (254,490 )
SHAREHOLDERS' FUNDS (290,653 ) (254,488 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12th March 2024 and were signed by:





Mrs H Martin - Director


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 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 3 and 5 years
Computer equipment - Straight line over 3 and 5 years

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 5 (2022 - 5 ) .

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 10,439 3,021 13,460
Disposals (10,439 ) - (10,439 )
At 30th June 2023 - 3,021 3,021
DEPRECIATION
At 1st July 2022 10,439 3,021 13,460
Eliminated on disposal (10,439 ) - (10,439 )
At 30th June 2023 - 3,021 3,021
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 196,563 274,678

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Taxation and social security - 4,146
Other creditors 657,959 605,132
657,959 609,278

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.