Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-282025-05-02The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2024-03-01false0No description of principal activity0truefalse 05046135 2024-03-01 2025-02-28 05046135 2023-03-01 2024-02-29 05046135 2025-02-28 05046135 2024-02-29 05046135 c:Director1 2024-03-01 2025-02-28 05046135 d:FreeholdInvestmentProperty 2025-02-28 05046135 d:FreeholdInvestmentProperty 2024-02-29 05046135 d:CurrentFinancialInstruments 2025-02-28 05046135 d:CurrentFinancialInstruments 2024-02-29 05046135 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 05046135 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 05046135 d:ShareCapital 2025-02-28 05046135 d:ShareCapital 2024-02-29 05046135 d:RetainedEarningsAccumulatedLosses 2025-02-28 05046135 d:RetainedEarningsAccumulatedLosses 2024-02-29 05046135 c:FRS102 2024-03-01 2025-02-28 05046135 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 05046135 c:FullAccounts 2024-03-01 2025-02-28 05046135 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 05046135 2 2024-03-01 2025-02-28 05046135 e:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure

Registered number: 05046135










LOGIC PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2025

 
LOGIC PROPERTIES LIMITED
REGISTERED NUMBER: 05046135

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
Note
£
£

Fixed assets
  

Investment property
 4 
95,000
95,000

  
95,000
95,000

Current assets
  

Cash at bank and in hand
  
18,427
6,893

  
18,427
6,893

Creditors: amounts falling due within one year
 5 
(6,862)
(5,671)

Net current assets
  
 
 
11,565
 
 
1,222

Total assets less current liabilities
  
106,565
96,222

  

Net assets
  
106,565
96,222


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
106,563
96,220

  
106,565
96,222


Page 1

 
LOGIC PROPERTIES LIMITED
REGISTERED NUMBER: 05046135
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2025

The director considers 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 director acknowledges his 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 on 2 May 2025.


................................................
M Wodcke
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
LOGIC PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.Accounting policies

 
1.1

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 presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
1.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3

 
LOGIC PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.Accounting policies (continued)

 
1.6

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.

 
1.7

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.


2.


General information

Logic Properties Ltd is a private company, limited by shares and incorporated in England.
Its registered number is: 05046135
Its Registered Office is: 
Unit 23 Cam Square
Wilbury Way
Hitchin
Hertfordshire
SG4 0TZ


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).

Page 4

 
LOGIC PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

4.


Investment property





Freehold investment property

£



Valuation


At 1 March 2024
95,000



At 28 February 2025
95,000

The 2025 valuations were made by the director, on an open market value for existing use basis.


28 February
29 February
2025
2024
£
£


Historic cost
85,000
85,000

85,000
85,000


5.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024
£
£

Corporation tax
2,426
1,235

Other creditors
3,453
3,453

Accruals and deferred income
983
983

6,862
5,671


 
Page 5