Logic Industrial Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14910163

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,833		3,667
Tangible Assets	5		33,851		-

			35,684		3,667
CURRENT ASSETS
Debtors	6	261,605		234,013
Cash at bank and in hand		228,139		114,324

		489,744		348,337
Creditors: Amounts Falling Due Within One Year	7	(508,939 )		(341,419 )

NET CURRENT ASSETS (LIABILITIES)			(19,195 )		6,918

TOTAL ASSETS LESS CURRENT LIABILITIES			16,489		10,585

NET ASSETS			16,489		10,585

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			16,389		10,485

SHAREHOLDERS' FUNDS			16,489		10,585

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Logic Industrial Ltd

Balance Sheet (continued)

As At 31 March 2025

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 5 form part of these financial statements.

1. General Information

Logic Industrial Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14910163 . 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

Revenue inclues gross rental income, management fee income, income from service charges and other recoveries from tenants.

Rental income

Rental income from properties let as operating leases is recognised on a straight-line basis over the lease term. Lease incentives and initial costs to arrange leases are capitalised, then amortised on a straight-line basis over the lease term ('rent averaging'). Surrender premiums received in the period are included in rental income.

Chases in the scope or the consideration for a lease, that was not part of the original terms and conditions, which might arise as a result of lease concessions, are accounted as a lease modification. Lease modifications are accounted for as a new lease from the effective date of the modification, considering any prepaid or accrued lease payments relating to the origincal lease as part of the lease payments for the new lease.

Service charges and other recoveries from tenants

These include income in relation to service charges, directly recoverable expenditure and management fees. Revenue from providing services is recognised in the period in which the services are rendered. Revenue from sercives is recognised ased on the actial service provided to the end of the reporting period as a proportion of the total services to be provided and recognised over time. Where the company acts as a principal, service charge income is presented gross within revenue and service charge expense presented gross within costs.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of 3 years.

2.4. 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:

Motor Vehicles	25% on cost
Computer Equipment	33% reducing balance

2.5. 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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Logic Industrial Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	5,500

As at 31 March 2025	5,500

Amortisation
As at 1 April 2024	1,833
Provided during the period	1,834

As at 31 March 2025	3,667

Net Book Value
As at 31 March 2025	1,833

As at 1 April 2024	3,667

5. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	-	-	-
Additions	30,590	11,828	42,418

As at 31 March 2025	30,590	11,828	42,418

Depreciation
As at 1 April 2024	-	-	-
Provided during the period	6,914	1,653	8,567

As at 31 March 2025	6,914	1,653	8,567

Net Book Value
As at 31 March 2025	23,676	10,175	33,851

As at 1 April 2024	-	-	-

6. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Trade debtors	132,688	114,613
Other debtors	128,917	119,400

	261,605	234,013

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Logic Industrial Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	153,716	139,590
Amounts owed to participating interests	55,779	30,779
Other creditors	262,386	143,419
Taxation and social security	37,058	27,631

	508,939	341,419

8. Share Capital

	31 March 2025	31 March 2024
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

Logic Land & Property Limited

At the balance sheet date an intercompany loan of £55,759 (2024: £30,779) was owed by the company to Logic Land & Property Limited on which no interest was charged.

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