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Registered number: 08631438
Logic Land & Property Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Harrisons Accountancy Ltd
Harrison House Sheep Walk
Langford Road
Biggleswade
Bedfordshire
SG18 9RB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08631438
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,118 35,281
Investment Properties 5 1,342,213 1,011,642
Investments 6 454 454
1,373,785 1,047,377
CURRENT ASSETS
Stocks 7 79,740 153,627
Debtors 8 1,925,207 1,625,303
Investments 9 100,000 100,000
Cash at bank and in hand 132,926 322,414
2,237,873 2,201,344
Creditors: Amounts Falling Due Within One Year 10 (461,147 ) (893,886 )
NET CURRENT ASSETS (LIABILITIES) 1,776,726 1,307,458
TOTAL ASSETS LESS CURRENT LIABILITIES 3,150,511 2,354,835
Creditors: Amounts Falling Due After More Than One Year 11 (552,642 ) (13,608 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,966 ) (8,964 )
NET ASSETS 2,589,903 2,332,263
CAPITAL AND RESERVES
Called up share capital 13 1 1
Profit and Loss Account 2,589,902 2,332,262
SHAREHOLDERS' FUNDS 2,589,903 2,332,263
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Iuri Shiraishi-Ferreira
Director
17/12/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Logic Land & Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08631438 . The registered office is 20 Furmston Court, Letchworth Garden City, Hertfordshire, SG6 1UJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Fee income represents the fair value of the consideration received or receivable and is reported to the extent that is is likely that the economic benefits will flow to the company and the revenue can be reliably calculated.
Income from land and property sales is accounted for when contracts for sale are exchanged.
Rental income represents rent receivable in the period to which it relates excluding VAT.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing cost
Fixtures & Fittings 25% on reducing cost
Computer Equipment 25% on reducing cost
2.4. Investment Properties
Investment property, which is property held to earn rentals and / or for capital appreciation, is initially recognised at cost, which includes the pourchase cost and any directly attributable expenditure. 
Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revalution is recognised in the profit and loss account. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed asset.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 2)
1 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 - 62,604 8,372 70,976
Additions 10,500 6,375 - 16,875
Disposals - (13,470 ) - (13,470 )
As at 31 March 2025 10,500 55,509 8,372 74,381
Depreciation
As at 1 April 2024 - 30,687 5,008 35,695
Provided during the period 1,094 9,678 668 11,440
Disposals - (3,872 ) - (3,872 )
As at 31 March 2025 1,094 36,493 5,676 43,263
Net Book Value
As at 31 March 2025 9,406 19,016 2,696 31,118
As at 1 April 2024 - 31,917 3,364 35,281
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 1,011,642
Additions 330,571
As at 31 March 2025 1,342,213
6. Investments
Associates
£
Cost or Valuation
As at 1 April 2024 454
As at 31 March 2025 454
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 454
As at 1 April 2024 454
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Page 5
7. Stocks
2025 2024
£ £
Stock 79,740 153,627
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 140,000 21,600
Prepayments and accrued income 78,000 126,819
Other debtors 75,396 -
VAT - 17,074
Director's loan account - 453,143
Amounts owed by subsidiaries 1,629,561 1,004,417
Amounts owed by associates 2,250 2,250
1,925,207 1,625,303
9. Current Asset Investments
2025 2024
£ £
Shares in subsidiaries 100,000 100,000
10. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 7,246 9,757
Bank loans and overdrafts 29,608 598,250
Corporation tax 38,177 27,170
Other taxes and social security 380 3,252
VAT 1,067 -
Pensions payable - 121
Other creditors 292,629 242,629
Credit card 1,023 3,107
Accruals and deferred income 90,010 9,600
Director's loan account 1,007 -
461,147 893,886
11. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 552,642 13,608
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Page 6
12. Secured Creditors
Of the creditors the following amounts are secured:
2025 2024
£ £
Bank loans and overdrafts 582,250 611,858
13. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
14. Related Party Transactions
Logic Rent Limited
At the balance sheet date an intercompany loan of £96,000 (2024: £30,000) was owed to the company from Logic Rent Limited on which no interest was charged.
Logic Property Investment Limited
At the balance sheet date an intercompany loan of £657,215 (2024: £386,791) was owed to the company from Logic Property Investment Limited on which no interest was charged.
EV Park Limited
At the balance sheet date an intercompany loan of £299,898 (2024: £153,504) was owed to the company from EV Park Limited on which no interest was charged.
Logic Industrial Limited
At the balance sheet date an intercompany loan of £55,759 (2024: £30,879) was owed to the company from Logic Industrial Limited on which no interest was charged.
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