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REGISTERED NUMBER: SC466837 (Scotland)















LOGANBAY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






LOGANBAY LIMITED (REGISTERED NUMBER: SC466837)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LOGANBAY LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTOR: D J Kennedy





SECRETARY: Mrs T Kennedy





REGISTERED OFFICE: 5 Fernhill Grange
Bothwell
Glasgow
G71 8SH





REGISTERED NUMBER: SC466837 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

LOGANBAY LIMITED (REGISTERED NUMBER: SC466837)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Stocks 191,437 183,970
Debtors 4 111 -
Cash at bank 280 98,850
191,828 282,820
CREDITORS
Amounts falling due within one year 5 82,954 171,474
NET CURRENT ASSETS 108,874 111,346
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,874

111,346

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 108,774 111,246
SHAREHOLDERS' FUNDS 108,874 111,346

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2024 and were signed by:





D J Kennedy - Director


LOGANBAY LIMITED (REGISTERED NUMBER: SC466837)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Loganbay Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover represents property sales in the year, excluding value added tax.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax recoverable 111 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Director's loan account 81,814 164,888
Taxation and social security - 5,446
Other creditors 1,140 1,140
82,954 171,474

6. RELATED PARTY DISCLOSURES

At 31 December 2023 the company's director had provided interest free loans to the company totalling £81,814 (2022, £164,888). There are no fixed repayment terms for these loans.