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REGISTERED NUMBER: 11239117 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CADFOLIO GLOBAL LIMITED

CADFOLIO GLOBAL LIMITED (REGISTERED NUMBER: 11239117)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CADFOLIO GLOBAL LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: Mr K S Nevatia





REGISTERED OFFICE: 1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB





REGISTERED NUMBER: 11239117 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

CADFOLIO GLOBAL LIMITED (REGISTERED NUMBER: 11239117)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,401 7,500
Tangible assets 5 865 1,125
Investments 6 125,585 -
138,851 8,625

CURRENT ASSETS
Debtors 7 3,530 29,430
Cash at bank 7,420 151,389
10,950 180,819
CREDITORS
Amounts falling due within one year 8 103,736 100,886
NET CURRENT (LIABILITIES)/ASSETS (92,786 ) 79,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,065

88,558

CREDITORS
Amounts falling due after more than one
year

9

1,619

8,638
NET ASSETS 44,446 79,920

CAPITAL AND RESERVES
Called up share capital 10 406,564 406,564
Retained earnings (362,118 ) (326,644 )
SHAREHOLDERS' FUNDS 44,446 79,920

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

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

The director acknowledges his 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.

CADFOLIO GLOBAL LIMITED (REGISTERED NUMBER: 11239117)

BALANCE SHEET - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2024 and were signed by:





Mr K S Nevatia - Director


CADFOLIO GLOBAL LIMITED (REGISTERED NUMBER: 11239117)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Cadfolio Global 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
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:

Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually
associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual property are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


CADFOLIO GLOBAL LIMITED (REGISTERED NUMBER: 11239117)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Intellectual
property
£   
COST
At 1 January 2023 150,000
Additions 12,401
At 31 December 2023 162,401
AMORTISATION
At 1 January 2023 142,500
Amortisation for year 7,500
At 31 December 2023 150,000
NET BOOK VALUE
At 31 December 2023 12,401
At 31 December 2022 7,500

CADFOLIO GLOBAL LIMITED (REGISTERED NUMBER: 11239117)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 3,478
DEPRECIATION
At 1 January 2023 2,353
Charge for year 260
At 31 December 2023 2,613
NET BOOK VALUE
At 31 December 2023 865
At 31 December 2022 1,125

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 125,585
At 31 December 2023 125,585
NET BOOK VALUE
At 31 December 2023 125,585

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,125 4,527
Other debtors 2,405 24,903
3,530 29,430

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 20,088 6,308
Taxation and social security 7,619 14,233
Other creditors 76,029 80,345
103,736 100,886

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 1,619 8,638

CADFOLIO GLOBAL LIMITED (REGISTERED NUMBER: 11239117)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,500 Ordinary £1 1,500 1,500
450,000 Convertible preference shares £1 405,064 405,064
406,564 406,564

Each compulsory convertible preference share shall be convertible into 1 equity share at the end of 7 years of the third closing date, being October 2025.

The convertible preference shares have been recognised to debt and equity using the fair value of the equity part of the instrument.

All unpaid arrears and accruals of the Preferred Dividend shall be paid on the date of an exit or, if earlier, on the date of conversion of all Convertible Preference shares. The unpaid amount shall be a debt due from the Company and accrue interest daily at a rate of 5% above the base lending rate of the Bank of England.

The Ordinary shares and Convertible Preference shares entitle the holders thereof to receive notice of, attend and vote at any general meeting of the company.