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REGISTERED NUMBER: 08498311 (England and Wales)





















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Cardinal Chambers Ltd

Cardinal Chambers Ltd (Registered number: 08498311)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cardinal Chambers Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: D A Barratt
P A Hall
H Stevens
J Waters
C E Hayes





REGISTERED OFFICE: Epsilon House Business Centre
West Road
Masterlord Office Village
Ipswich
Suffolk
IP3 9JF





REGISTERED NUMBER: 08498311 (England and Wales)





ACCOUNTANTS: Pinfold & Co
8 Deben Mill Business Centre
Old Maltings Approach
Woodbridge
Suffolk
IP12 1BL

Cardinal Chambers Ltd (Registered number: 08498311)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,049 916

CURRENT ASSETS
Debtors 5 5,307 5,254
Cash at bank 23,055 38,546
28,362 43,800
CREDITORS
Amounts falling due within one year 6 31,446 28,720
NET CURRENT (LIABILITIES)/ASSETS (3,084 ) 15,080
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,035

)

15,996

CREDITORS
Amounts falling due after more than one
year

7

7,498

13,081
NET (LIABILITIES)/ASSETS (9,533 ) 2,915

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings (9,543 ) 2,905
SHAREHOLDERS' FUNDS (9,533 ) 2,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Cardinal Chambers Ltd (Registered number: 08498311)

Balance Sheet - continued
30 April 2024


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 Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





P A Hall - Director


Cardinal Chambers Ltd (Registered number: 08498311)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Cardinal Chambers Ltd 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
The turnover represents net invoiced sales of services, excluding value added tax, arising from a barristers' chambers.

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 - 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

Cardinal Chambers Ltd (Registered number: 08498311)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023 6,066
Additions 483
At 30 April 2024 6,549
DEPRECIATION
At 1 May 2023 5,150
Charge for year 350
At 30 April 2024 5,500
NET BOOK VALUE
At 30 April 2024 1,049
At 30 April 2023 916

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 750 822
Directors' loan accounts - 3,979
Prepayments and accrued income 4,557 453
5,307 5,254

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 6,000 6,419
Trade creditors 12,719 7,697
Social security and other taxes 2,682 2,720
Pension payable 653 601
VAT 7,790 8,633
Accruals and deferred income 1,602 2,650
31,446 28,720

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 6,000 6,269
Bank loans - 2-5 years 1,498 6,812
7,498 13,081

Cardinal Chambers Ltd (Registered number: 08498311)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
10 A Ordinary £1 10 10

9. SUMMARY OF TRANSACTIONS WITH DIRECTORS

The following advances by and repayments to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
D A Barratt
Balance outstanding at start of year (1,800 ) -
Amounts advanced 1,800 -
Amounts repaid - (1,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (1,800 )

P A Hall
Balance outstanding at start of year (379 ) -
Amounts advanced 379 -
Amounts repaid - (379 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (379 )

C E Hayes
Balance outstanding at start of year (1,800 ) (1,800 )
Amounts advanced 1,800 1,800
Amounts repaid - (1,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (1,800 )