1.
General Information
Logham Properties And Investments Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
08329972
. The registered office is Suite 202 East Wing, Sterling House, Langston Road, Loughton, IG10 3TS.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial
Reporting Standard applicable in 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 principal accounting policies adopted in the preparation of the financial statements are set out below. The accounting policies have been consistently applied within the financial statements.
The company's functional currency is € Euro and the presentation currency is € Euro
2.2.
Financial Instruments
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 statement of financial position 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
Basic financial assets, which include trade and other receivables 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.
Classification of financial liabilities
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 trade and other payables, 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 receipts discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts 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 payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.3.
Foreign Currencies
Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date of
transaction. Exchange differences are taken into account in arriving at the operating result.
Logham Properties And Investments Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.4.
Taxation
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
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.
2.5.
Preparation of consolidated financial statements
The financial statements contain information about Logham Properties And Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
The company and its subsidiary undertakings comprise of a small size group.
2.6.
Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
2.7.
Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
4.
Investments
| Subsidiaries | Unlisted | Total | |
|---|---|---|---|
| € | € | € | |
| Cost or Valuation | |||
| As at 1 January 2025 |
|
|
|
| As at 31 December 2025 |
|
|
|
| Provision | |||
| As at 1 January 2025 |
|
|
- |
| As at 31 December 2025 |
|
|
- |
| Net Book Value | |||
| As at 31 December 2025 |
|
|
|
| As at 1 January 2025 |
|
|
|
The company's investments at the Balance Sheet date in the share capital of companies include the following:
Logham Properties And Investments Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
|
Segmento Vertical Unipessoal Lda
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Registered office: Portugal
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Nature of business:
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%
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Class of shares:
|
holding
|
||
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Ordinary
|
100.00
|
||
|
31.12.25
|
31.12.24
|
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€
|
€
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||
|
Aggregate capital and reserves
|
98,943
|
85,970
|
|
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Profit for the year
|
12,973
|
7,264
|
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![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
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5.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| € | € | ||
| Due within one year | |||
| Amounts owed by other participating interests | 1,820,500 | 1,820,500 | |
| Due after more than one year | |||
| Amounts owed by subsidiaries |
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6.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| € | € | ||
| Other creditors |
|
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|
| Shareholder's loan |
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8.
Ultimate Controlling Party
The company's ultimate controlling party is
Ms S C Durao Ferreira De Oliveira
by virtue of her ownership of 100% of the issued share capital in the company.