Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.3true2023-02-01truefalse3 13326420 2023-02-01 2024-01-31 13326420 2022-02-01 2023-01-31 13326420 2024-01-31 13326420 2023-01-31 13326420 c:Director2 2023-02-01 2024-01-31 13326420 d:CurrentFinancialInstruments 2024-01-31 13326420 d:CurrentFinancialInstruments 2023-01-31 13326420 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13326420 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13326420 d:ShareCapital 2024-01-31 13326420 d:ShareCapital 2023-01-31 13326420 c:OrdinaryShareClass1 2023-02-01 2024-01-31 13326420 c:OrdinaryShareClass1 2024-01-31 13326420 c:OrdinaryShareClass1 2023-01-31 13326420 c:FRS102 2023-02-01 2024-01-31 13326420 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13326420 c:FullAccounts 2023-02-01 2024-01-31 13326420 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13326420 6 2023-02-01 2024-01-31 13326420 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 13326420









CARDINALIS HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
CARDINALIS HOLDINGS LIMITED
REGISTERED NUMBER: 13326420

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
299,811
359,811

Current assets
  

Cash at bank and in hand
 5 
3
3

Creditors: amounts falling due within one year
 6 
(289,815)
(349,815)

Net current liabilities
  
 
 
(289,812)
 
 
(349,812)

  

Net assets
  
9,999
9,999


Capital and reserves
  

Called up share capital 
 7 
9,999
9,999

  
9,999
9,999


The directors consider 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 directors acknowledge their 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 on 29 October 2024.




................................................
James Henry
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
CARDINALIS HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Cardinalis Developments Limited is a private Company limited by its shares and incorporated in England and Wales, within the United Kingdom. The registered office is Tennyson House, Cambridge Business Park, Cambridge, CB4 0WZ.
The principal activity of the company is that of a holding company.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentational currency is Pounds sterling.
The financial statements have been rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

  
2.5

Creditors

Short-term creditors are measured at the transaction price.

Page 2

 
CARDINALIS HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 3

 
CARDINALIS HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 February 2023
359,811


Adjustment to cost
(60,000)



At 31 January 2024
299,811





5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3
3



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
289,815
169,815

Other creditors
-
180,000

289,815
349,815



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



9,999 (2023 - 9,999) Ordinary shares of £1.00 each
9,999
9,999



8.


Related party transactions

The Company has taken advantage of the exemption from the requirement to disclose transactions with wholly owned group companies.

Page 4