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REGISTERED NUMBER: SC532148 (Scotland)















LOGANBAY (BARGEDDIE) LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






LOGANBAY (BARGEDDIE) LTD (REGISTERED NUMBER: SC532148)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LOGANBAY (BARGEDDIE) LTD

COMPANY INFORMATION
For The Year Ended 30 April 2024







DIRECTOR: D J Kennedy





REGISTERED OFFICE: 16 Royal Crescent
Glasgow
G3 7SL





REGISTERED NUMBER: SC532148 (Scotland)





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

LOGANBAY (BARGEDDIE) LTD (REGISTERED NUMBER: SC532148)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 41,618 41,618

CURRENT ASSETS
Debtors 5 12,839 11,037
Cash at bank 2,350 2,000
15,189 13,037
CREDITORS
Amounts falling due within one year 6 61,041 58,311
NET CURRENT LIABILITIES (45,852 ) (45,274 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,234

)

(3,656

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (4,334 ) (3,756 )
SHAREHOLDERS' FUNDS (4,234 ) (3,656 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 26 January 2025 and were signed by:





D J Kennedy - Director


LOGANBAY (BARGEDDIE) LTD (REGISTERED NUMBER: SC532148)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024


1. STATUTORY INFORMATION

Loganbay (Bargeddie) Ltd 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.

Investment property
Land and buildings are classified as investment property when the property is held to earn rentals or for capital appreciation or both. Investment property is initially measured at cost which comprises purchase price and any directly attributable expenditure, and subsequently remeasured to fair value at each reporting date with changes in fair value recognised in the Income Statement.

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.

Going concern
The director has prepared the accounts on a going concern basis despite there being net liabilities at the balance sheet date as the director is the company's main creditor and he will not seek repayment of his loan until the company has sufficient funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 41,618
NET BOOK VALUE
At 30 April 2024 41,618
At 30 April 2023 41,618

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 12,334 10,584
Tax recoverable 505 453
12,839 11,037

LOGANBAY (BARGEDDIE) LTD (REGISTERED NUMBER: SC532148)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Director's loan account 60,141 57,729
Other creditors 900 582
61,041 58,311

7. RELATED PARTY DISCLOSURES

At 30 April 2024 the company's director had provided the company with an interest free loan of £60,141 (2023, £57,729). There are no fixed repayment terms for this loan.