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REGISTERED NUMBER: 01381915 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Cardinal Properties Limited

Cardinal Properties Limited (Registered number: 01381915)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cardinal Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: H Kane
M Kane





REGISTERED OFFICE: 2 Wykeham House
Gordon Avenue
Stanmore
HA7 3QN





REGISTERED NUMBER: 01381915 (England and Wales)





ACCOUNTANTS: Garside and Co. Limited
Suite 631, Linen Hall
162-168 Regent Street
London
W1B 5TG

Cardinal Properties Limited (Registered number: 01381915)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 59,337 59,337

CURRENT ASSETS
Debtors 5 1,900 600
Cash at bank 8,428 15,838
10,328 16,438
CREDITORS
Amounts falling due within one year 6 (23,955 ) (27,954 )
NET CURRENT LIABILITIES (13,627 ) (11,516 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,710

47,821


PROVISIONS FOR LIABILITIES 5,058 5,058

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 40,552 42,663
SHAREHOLDERS' FUNDS 40,652 42,763
45,710 47,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Properties Limited (Registered number: 01381915)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:





H Kane - Director


Cardinal Properties Limited (Registered number: 01381915)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Cardinal Properties 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.

The financial statements are prepared on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

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

Cardinal Properties Limited (Registered number: 01381915)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2023
and 31 March 2024 59,337
NET BOOK VALUE
At 31 March 2024 59,337
At 31 March 2023 59,337

The directors feel that the current market value of the investment property is unchanged from previous years.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 1,900 600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 1 -
Other creditors 23,954 27,954
23,955 27,954

Within other creditors is amount of £23,054 (2023: 27,054) owed to the directors, this amount is repayable on demand and non interest bearing.

7. RESERVES
Retained
earnings
£   

At 1 April 2023 42,663
Deficit for the year (2,111 )
At 31 March 2024 40,552

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr H Kane and Mr R Kane by virtue of their joint 100% shareholding in the company.