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REGISTERED NUMBER: 03525339 (England and Wales)















CABLELOGIC LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023






CABLELOGIC LIMITED (REGISTERED NUMBER: 03525339)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CABLELOGIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: D Birch





SECRETARY: M R Birch





REGISTERED OFFICE: 87 Oxford Road
Waterloo
Liverpool
Merseyside
L22 7RE





REGISTERED NUMBER: 03525339 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
The Exchange
5 Bank Street
Bury
BL9 0DN

CABLELOGIC LIMITED (REGISTERED NUMBER: 03525339)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 420,000 420,000

CURRENT ASSETS
Cash at bank 2,411 2,401

CREDITORS
Amounts falling due within one year 5 (19,420 ) (19,813 )
NET CURRENT LIABILITIES (17,009 ) (17,412 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

402,991

402,588

PROVISIONS FOR LIABILITIES (28,966 ) (32,385 )
NET ASSETS 374,025 370,203

CAPITAL AND RESERVES
Called up share capital 14,230 14,230
Share premium 355,770 355,770
Other reserves 228,426 228,426
Retained earnings (224,401 ) (228,223 )
374,025 370,203

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

CABLELOGIC LIMITED (REGISTERED NUMBER: 03525339)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 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 director and authorised for issue on 24 August 2024 and were signed by:





D Birch - Director


CABLELOGIC LIMITED (REGISTERED NUMBER: 03525339)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Cablelogic Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03525339 and registered office address is 87 Oxford Road, Waterloo, Liverpool, Merseyside, L22 7RE.

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.

Revenue
Revenue represents rents receivable. Income is recognised over the period of the tenancy agreement.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Critical accounting estimates and judgements
In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

The directors consider the valuation of the investment properties at fair value to be a critical accounting judgement. In arriving at fair value the directors take into account a number of factors including rental yields and current market trends in commercial property prices.

CABLELOGIC LIMITED (REGISTERED NUMBER: 03525339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 420,000
NET BOOK VALUE
At 30 November 2023 420,000
At 30 November 2022 420,000

If investment property had not been revalued it would have been included at the historical cost of £153,017.

Investment property was valued on an open market basis by the director, who is of the opinion that this represents the fair value at the statement of financial position date.

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2004 145,430
Valuation in 2006 304,282
Valuation in 2008 (116,000 )
Valuation in 2009 (114,000 )
Valuation in 2021 47,271
Cost 153,017
420,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 19,420 19,813