Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falseNo description of principal activity11falsetrue 12753364 2022-04-01 2023-03-31 12753364 2021-04-01 2022-03-31 12753364 2023-03-31 12753364 2022-03-31 12753364 c:Director1 2022-04-01 2023-03-31 12753364 c:RegisteredOffice 2022-04-01 2023-03-31 12753364 d:OfficeEquipment 2022-04-01 2023-03-31 12753364 d:OfficeEquipment 2023-03-31 12753364 d:OfficeEquipment 2022-03-31 12753364 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 12753364 d:CurrentFinancialInstruments 2023-03-31 12753364 d:CurrentFinancialInstruments 2022-03-31 12753364 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12753364 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12753364 d:ShareCapital 2023-03-31 12753364 d:ShareCapital 2022-03-31 12753364 d:RetainedEarningsAccumulatedLosses 2023-03-31 12753364 d:RetainedEarningsAccumulatedLosses 2022-03-31 12753364 c:FRS102 2022-04-01 2023-03-31 12753364 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12753364 c:FullAccounts 2022-04-01 2023-03-31 12753364 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12753364 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 12753364







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


INTERCARDINAL LIMITED






































img3b24.png                        

 


INTERCARDINAL LIMITED
 


 
COMPANY INFORMATION


Director
Mr T Southern 




Registered number
12753364



Registered office
3000A Parkway

Whiteley

Hampshire

PO15 7FX




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


INTERCARDINAL LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 


INTERCARDINAL LIMITED
REGISTERED NUMBER:12753364



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
262
390

Investments
 5 
15
15

  
277
405

Current assets
  

Debtors: amounts falling due within one year
 6 
1,779
673

Cash at bank and in hand
  
69,530
69,000

  
71,309
69,673

Creditors: amounts falling due within one year
 7 
(298,459)
(179,301)

Net current liabilities
  
 
 
(227,150)
 
 
(109,628)

Total assets less current liabilities
  
(226,873)
(109,223)

  

Net liabilities
  
(226,873)
(109,223)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(226,874)
(109,224)

  
(226,873)
(109,223)


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 by: 




Mr T Southern
Director

Date: 19 September 2023
Page 1

 


INTERCARDINAL LIMITED
REGISTERED NUMBER:12753364


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


INTERCARDINAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Intercardinal Limited is a private company limited by shares and registered in England and Wales. The situation of the company's registered office can be found on the Company Information page.
The company's trading address is Eastlands Shipyard, Coal Park Lane, Swanwick, Southampton, Hampshire, SO31 7GW.

2.Accounting policies

 
2.1

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the period end date the company's liabilities exceed its assets. As a result the company is reliant on the support provided to it by the director and its participating interest. The director has pledged his own support to the company and amounts due to the participating interest are not due immediately.
As a result the director considers that the company is capable of settling its liabilities as they fall due and therefore deems it appropriate to continue to prepare the the accounts on a going concern basis.

 
2.3

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.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


INTERCARDINAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
33%
Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

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.

 
2.9

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.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4

 


INTERCARDINAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2022
583



At 31 March 2023

583



Depreciation


At 1 April 2022
192


Charge for the year on owned assets
129



At 31 March 2023

321



Net book value



At 31 March 2023
262



At 31 March 2022
390


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2022
15



At 31 March 2023
15




Page 5

 


INTERCARDINAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Other debtors
1,779
673

1,779
673



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to other participating interests
245,815
145,015

Other creditors
51,819
33,536

Accruals and deferred income
825
750

298,459
179,301



8.


Related party transactions

At the year end, included within creditors falling due under one year were amounts due to a company in which Intercardinal Limited holds a participating interest amounting to £245,815 (2022 - £145,015)
Also included within creditors falling due under one year were amounts due to a director amounting to £51,819 (2022 - £33,536).

Page 6