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REGISTERED NUMBER: 06316530 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Cardee Investments Limited

Cardee Investments Limited (Registered number: 06316530)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cardee Investments Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Ms D Wheatley
N Latham
Mrs K L Yorke





REGISTERED OFFICE: 29 Birchfield Avenue
Tettenhall
Wolverhampton
West Midlands
WV6 8TE





REGISTERED NUMBER: 06316530 (England and Wales)





ACCOUNTANTS: Lester Accounting Ltd
Chartered Certified Accountants
84 Wellington Drive
Cannock
Staffordshire
WS11 1PX

Cardee Investments Limited (Registered number: 06316530)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,032 -
Investment property 5 895,282 984,161
896,314 984,161

CURRENT ASSETS
Debtors 6 4,091 1,366
Investments 7 220,598 182,414
Cash at bank and in hand 23,254 22,588
247,943 206,368
CREDITORS
Amounts falling due within one year 8 1,102,732 1,174,473
NET CURRENT LIABILITIES (854,789 ) (968,105 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,525

16,056

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 41,425 15,956
SHAREHOLDERS' FUNDS 41,525 16,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2024 and were signed on its behalf by:



Ms D Wheatley - Director


Cardee Investments Limited (Registered number: 06316530)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Cardee Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the 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.

Turnover
Turnover represents rents receivable and sales of developed properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% straight line

Investment property
Investment properties are included in the balance sheet at their open market value and are not depreciated. This treatment is contrary to the Companies Act 2006, which states that fixed assets should be depreciated, but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,184
At 31 October 2023 1,184
DEPRECIATION
Charge for year 152
At 31 October 2023 152
NET BOOK VALUE
At 31 October 2023 1,032

Cardee Investments Limited (Registered number: 06316530)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 November 2022 984,161
Disposals (88,879 )
At 31 October 2023 895,282
NET BOOK VALUE
At 31 October 2023 895,282
At 31 October 2022 984,161

At 31 October 2023 the directors consider the open market value of the properties to be equal to the carrying value as disclosed in the accounts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 4,091 1,366

7. CURRENT ASSET INVESTMENTS
31.10.23 31.10.22
£    £   
Listed investments 220,598 182,414

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 3,640 3,461
Taxation and social security 7,300 2,235
Other creditors 1,091,792 1,168,777
1,102,732 1,174,473

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amounts due to Ms Wheatley of £2,437 (2022 - £2,437).

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £24,000 (2022 - £34,000) were paid to the directors .

Other creditors includes £1,062,340 (2022 - £1,086,340) which is owed to Miss C Hodson a shareholder in the company.