Company Registration No. 07806151 (England and Wales)
Logical Connections Holding Ltd
Unaudited accounts
for the period from 1 April 2024 to 31 December 2024
Logical Connections Holding Ltd
Unaudited accounts
Contents
Logical Connections Holding Ltd
Company Information
for the period from 1 April 2024 to 31 December 2024
Director
Greig Stuart Balfour Scott
Company Number
07806151 (England and Wales)
Registered Office
Penally House
Boscastle
Cornwall
PL35 0HQ
England
Accountants
Blue Cube Accountants Limited
7 High Street
Windsor
SL4 1LD
Logical Connections Holding Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
325,000
336,781
Cash at bank and in hand
266,812
103,791
Creditors: amounts falling due within one year
(16,800)
(26,940)
Net current assets
297,729
286,943
Net assets
622,729
623,724
Called up share capital
100
100
Profit and loss account
622,629
623,624
Shareholders' funds
622,729
623,724
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 March 2025 and were signed on its behalf by
Greig Stuart Balfour Scott
Director
Company Registration No. 07806151
Logical Connections Holding Ltd
Notes to the Accounts
for the period from 1 April 2024 to 31 December 2024
Logical Connections Holding Ltd is a private company, limited by shares, registered in England and Wales, registration number 07806151. The registered office is Penally House, Boscastle, Cornwall, PL35 0HQ, England. The company is in the process of being wound up.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
periodic revaluation to fair value
Fixtures & fittings
33.33% straight line
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 balance sheet date.
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 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.
Logical Connections Holding Ltd
Notes to the Accounts
for the period from 1 April 2024 to 31 December 2024
3
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2024
336,603
530
337,133
Revaluations
(11,603)
-
(11,603)
At 31 December 2024
325,000
-
325,000
At 31 December 2024
325,000
-
325,000
At 31 March 2024
336,603
178
336,781
4
Debtors
31/12/2024
31/03/2024
Amounts falling due within one year
Amounts due from group undertakings etc.
-
5,000
Other debtors
34,517
205,092
5
Creditors: amounts falling due within one year
31/12/2024
31/03/2024
Amounts owed to group undertakings and other participating interests
-
16,500
Loans from directors
16,800
-
6
Share capital
31/12/2024
31/03/2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Transactions with related parties
Included in debtors is £nil (2024 - £5,000) owed from The Logical Choice Group. This company is owned and controlled by the director.
Included in creditors is £nil (2024 - £16,500) owed to Logical Connections Limited which is a company in liquidation.
8
Average number of employees
During the period the average number of employees was 0 (31/03/2024: 0).