IRIS Accounts Production v24.2.0.383 00759951 Board of Directors 6.4.23 20.6.24 20.6.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh007599512023-04-05007599512024-06-20007599512023-04-062024-06-20007599512022-04-05007599512022-04-062023-04-05007599512023-04-0500759951ns15:EnglandWales2023-04-062024-06-2000759951ns14:PoundSterling2023-04-062024-06-2000759951ns10:Director12023-04-062024-06-2000759951ns10:PrivateLimitedCompanyLtd2023-04-062024-06-2000759951ns10:SmallEntities2023-04-062024-06-2000759951ns10:AuditExempt-NoAccountantsReport2023-04-062024-06-2000759951ns10:SmallCompaniesRegimeForDirectorsReport2023-04-062024-06-2000759951ns10:SmallCompaniesRegimeForAccounts2023-04-062024-06-2000759951ns10:FullAccounts2023-04-062024-06-2000759951ns10:OrdinaryShareClass12023-04-062024-06-2000759951ns10:Director32023-04-062024-06-2000759951ns10:CompanySecretary12023-04-062024-06-2000759951ns10:RegisteredOffice2023-04-062024-06-2000759951ns5:CurrentFinancialInstruments2024-06-2000759951ns5:CurrentFinancialInstruments2023-04-0500759951ns5:ShareCapital2024-06-2000759951ns5:ShareCapital2023-04-0500759951ns5:RevaluationReserve2024-06-2000759951ns5:RevaluationReserve2023-04-0500759951ns5:RetainedEarningsAccumulatedLosses2024-06-2000759951ns5:RetainedEarningsAccumulatedLosses2023-04-0500759951ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-2000759951ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-0500759951ns5:DeferredTaxation2023-04-0500759951ns5:DeferredTaxation2023-04-062024-06-2000759951ns5:DeferredTaxation2024-06-2000759951ns10:OrdinaryShareClass12024-06-2000759951ns5:RetainedEarningsAccumulatedLosses2023-04-0500759951ns5:RevaluationReserve2023-04-0500759951ns5:RetainedEarningsAccumulatedLosses2023-04-062024-06-20
REGISTERED NUMBER: 00759951 (England and Wales)














Unaudited Financial Statements

for the Period 6 April 2023 to 20 June 2024

for

LOGATELLA INVESTMENTS LIMITED

LOGATELLA INVESTMENTS LIMITED (REGISTERED NUMBER: 00759951)

Contents of the Financial Statements
for the period 6 April 2023 to 20 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LOGATELLA INVESTMENTS LIMITED

Company Information
for the period 6 April 2023 to 20 June 2024







Directors: Mr M S Lawson
Mrs S J Weinberger





Secretary: Mrs S J Weinberger





Registered office: 12 Regal Way
Kenton
Harrow
Middlesex
HA3 0RX





Registered number: 00759951 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

LOGATELLA INVESTMENTS LIMITED (REGISTERED NUMBER: 00759951)

Balance Sheet
20 June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Investment property 4 330,000 325,000

Current assets
Debtors 5 - 356
Cash in hand 1,308,099 1,346,616
1,308,099 1,346,972
Creditors
Amounts falling due within one year 6 7,931 5,588
Net current assets 1,300,168 1,341,384
Total assets less current liabilities 1,630,168 1,666,384

Provisions for liabilities 7 64,005 62,755
Net assets 1,566,163 1,603,629

Capital and reserves
Called up share capital 8 100 100
Revaluation reserve 9 188,265 188,265
Retained earnings 9 1,377,798 1,415,264
Shareholders' funds 1,566,163 1,603,629

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 20 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 20 June 2024 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





Mr M S Lawson - Director


LOGATELLA INVESTMENTS LIMITED (REGISTERED NUMBER: 00759951)

Notes to the Financial Statements
for the period 6 April 2023 to 20 June 2024


1. Statutory information

Logatella Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents rental income from property.

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.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

LOGATELLA INVESTMENTS LIMITED (REGISTERED NUMBER: 00759951)

Notes to the Financial Statements - continued
for the period 6 April 2023 to 20 June 2024


2. Accounting policies - continued

Going concern
The Board has decided to cease operations and undertake a formal liquidation process in order to dissolve the company in due course. Consequently, the accounts have been prepared on a basis other than that of a going concern.

Accounting period
The company presents its accounts for the period 6 April 2023 to 20 June 2024, and thus the accounts span a period more than twelve months. The prior year accounts span a period of twelve months.

3. Employees and directors

The average number of employees during the period was 2 (2023 - 3 ) .

4. Investment property
Total
£   
Fair value
At 6 April 2023 325,000
Revaluations 5,000
At 20 June 2024 330,000
Net book value
At 20 June 2024 330,000
At 5 April 2023 325,000

Fair value at 20 June 2024 is represented by:
£   
Valuation in 2014 1,395,000
Valuation in 2015 65,000
Valuation in 2016 65,000
Valuation in 2017 90,000
Valuation in 2018 152,000
Valuation in 2019 (232,000 )
Valuation in 2022 (1,185,000 )
Valuation in 2023 (25,000 )
Valuation in 2024 5,000
330,000

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

2024 2023
£    £   
Cost 73,980 73,980

Investment property was valued on an open market basis on 5 April 2024 by the directors .

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors - 356

LOGATELLA INVESTMENTS LIMITED (REGISTERED NUMBER: 00759951)

Notes to the Financial Statements - continued
for the period 6 April 2023 to 20 June 2024


6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 593 -
Taxation and social security 2,051 699
Other creditors 5,287 4,889
7,931 5,588

7. Provisions for liabilities
2024 2023
£    £   
Deferred tax 64,005 62,755

Deferred
tax
£   
Balance at 6 April 2023 62,755
Provided during period 1,250
Balance at 20 June 2024 64,005

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. Reserves
Retained Revaluation
earnings reserve Totals
£    £    £   

At 6 April 2023 1,415,264 188,265 1,603,529
Profit for the period 12,534 12,534
Dividends (50,000 ) (50,000 )
At 20 June 2024 1,377,798 188,265 1,566,063