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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Loan Logics Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19th Floor, 1 Westfield Avenue, Stratford, London, E20 1HZ.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

At the time of signing the financial statementstrue, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. and current trading results. As at 31 March 2026, the company has net asset position of £791,272 and realised profit after tax of £13,686. The directors therefore consider it is appropriate to continue to apply the going concern basis for preparing the financial statements.

The company's share of interest is recognised on an interest received basis. The directors are satisfied that the use of this basis does not materially differ from an accruals basis and that no material accrued interest income has been omitted at the reporting date.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill                    - 5 Years Straight Line

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The 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 net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

No deferred tax asset or liability has been recognised at 31 March 2026 (2025: £nil).

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

The Company's loan receivable and corresponding loan payable are back-to-back financing arrangements with substantially matching terms and conditions. Whilst the loan agreements specify the contractual term of the loans, they do not contain fixed repayment schedules. Repayments are dependent on the timing and amount of repayments made by the underlying borrowers and therefore do not necessarily follow the contractual maturity profile.

Accordingly, the classification of the loan receivable and loan payable between amounts due within one year and amounts due after more than one year is based on management's best estimate of the expected timing of future cash flows at the reporting date.

In determining the current and non-current portions, management has considered the historical repayment experience over the period from 2022 to 2026. Based on this assessment, an average annual repayment rate of approximately 5% has been applied to estimate the amounts expected to be recovered and settled within the next twelve months, with the remaining balances classified as non-current.

As the loan receivable and loan payable are back-to-back arrangements, the same estimation methodology has been applied consistently to both balances. Management reviews these estimates at each reporting date and revises the classification where necessary to reflect changes in expected repayment patterns.

The company estimates the recoverable value of other debtors and recognises impairment allowances comprising two components:

Redress provisions – relating to potential redress claims from loanees who would not be eligible under the current company lending criteria and those loanees whose balances include interest charges. These provisions are calculated using probability-of-default statistics, historical arrears data, and expected cash flows.

No redress provisions were recognised as at 31 March 2026 or 31 March 2025, as the company has no exposure to credit risk requiring redress.

Bad debt provisions – relating to expected credit losses on outstanding loanee balances.

As at 31 March 2026, gross loans to loanees totalled £8,258,844 (2025: £8,876,165), against which a collective impairment allowance of £14,726 (2025: £20,567) has been recognised in respect of expected credit losses.

The average monthly number of persons (including directors) employed by the company during the year was:

Other debtors relates to the company's loan book. Each individual loan is secured by a second charge on the borrowers property. In each case the loan is made within the company's lending criteria and is regulated by Financial Conduct Authority.

Other borrowings relate to funding provided by investors, individuals and other entities and are secured by assignment of the loan book. Of the total balance of £7,783,103 (2025: £8,426,134), £389,155 (2025: £421,307) is repayable within one year, with the remaining balance repayable after more than one year.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified.

Despite operating lease charges of £18,000 (2025: £20,206) being recognised in the year, the company had no material non-cancellable operating lease commitments outstanding at 31 March 2026 (2025: nil).

There were no adjusting or non-adjusting events after the reporting date

During the year, the company entered into transactions with related parties in the normal course of business. Directors’ remuneration amounted to £114,378 (2025: £148,337) and employers’ National Insurance contributions amounted to £6,417 (2025: £8,637).

Included within other creditors is a loan from directors amounting to £41,568 (2025: £41,568). The loan is unsecured, interest‑free and repayable on demand.

Included within other borrowings is funding provided by a director together with a third‑party lender amounting to £228,906 at 31 March 2026 (2025: £158,756).

Included within other borrowings is funding provided by Waltham Forest Friendly Society amounting to £209,000 at 31 March 2026 (2025: £224,385). Waltham Forest Friendly Society is disclosed as a related party as a director of the company is also a trustee of the Society.

The above funding arrangements are included within other borrowings in the balance sheet and were entered into in the normal course of business.

In the directors' opinion there is no ultimate controlling party.

The company's activities expose it to credit risk and liquidity risk. Credit risk arises principally from the loan book. All loans are advanced in accordance with the company's lending criteria and are secured by second charges over borrowers' properties. The directors regularly review loan performance and the adequacy of impairment provisions. Liquidity risk is managed through regular monitoring of cash flows and funding requirements. The directors consider that the company has adequate resources to meet its obligations as they fall due.