Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31No description of principal activity3true2023-09-01falsefalse3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12278308 2023-09-01 2024-08-31 12278308 2022-09-01 2023-08-31 12278308 2024-08-31 12278308 2023-08-31 12278308 c:Director2 2023-09-01 2024-08-31 12278308 d:CurrentFinancialInstruments 2024-08-31 12278308 d:CurrentFinancialInstruments 2023-08-31 12278308 d:Non-currentFinancialInstruments 2024-08-31 12278308 d:Non-currentFinancialInstruments 2023-08-31 12278308 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 12278308 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 12278308 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 12278308 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 12278308 d:ShareCapital 2024-08-31 12278308 d:ShareCapital 2023-08-31 12278308 c:OrdinaryShareClass1 2023-09-01 2024-08-31 12278308 c:OrdinaryShareClass1 2024-08-31 12278308 c:OrdinaryShareClass1 2023-08-31 12278308 c:FRS102 2023-09-01 2024-08-31 12278308 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12278308 c:FullAccounts 2023-09-01 2024-08-31 12278308 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12278308 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12278308









LOGAN HOMES (BRAUGHING) LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
LOGAN HOMES (BRAUGHING) LIMITED
REGISTERED NUMBER: 12278308

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
3,222,042
-

Debtors: amounts falling due within one year
 4 
-
100

Cash at bank and in hand
 5 
6,444
-

  
3,228,486
100

Creditors: amounts falling due within one year
 6 
(3,208,386)
-

Net current assets
  
 
 
20,100
 
 
100

Total assets less current liabilities
  
20,100
100

Creditors: amounts falling due after more than one year
 7 
(20,000)
-

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
 8 
100
100

  
100
100


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


D E Button
Director

Date: 27 February 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
LOGAN HOMES (BRAUGHING) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Logan Homes (Braughing) Limited is a private Company limited by shares incorporated in England and Wales. The address of its registered office is Tennyson House, Cambridge Business Park, Cowley Road, Cambridge, CB4 0WZ.
The functional and presentational currency of the company is pounds sterling (£) being the currency of the primary economic environment in which the company operates.
The company commenced trading on 1 September 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors consider that the resources avaliable to the Company will be sufficient for it to be able to continue as a going concern.
The financial statements do not contain any adjustments that would be required if the Company were not able to continue as a going concern.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

  
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

  
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less
costs to complete and sell. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 2

 
LOGAN HOMES (BRAUGHING) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
-
100



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,444
-



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
3,208,386
-


Page 3

 
LOGAN HOMES (BRAUGHING) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
20,000
-


Bank loans are secured via an unlimited debenture and also over freehold land held within work in progress.


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
100
100



9.


Related party transactions

The Company has taken advantage of the exemption afforded by FRS 102 not to disclose transactions or balances with other wholly owned members of the group.


10.


Parent Undertaking

The immediate parent undertaking is Logan Homes Limited and the ultimate parent undertaking is Leen Holdings Limited. Their registered offices are both Tennyson House, Cambridge Business Park, Cowley
Road, Cambridge, CB4 0WZ.
Page 4