REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
24 NOVEMBER 2022 TO 31 MARCH 2024 |
FOR |
CADENZA HOLDINGS LTD |
REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
24 NOVEMBER 2022 TO 31 MARCH 2024 |
FOR |
CADENZA HOLDINGS LTD |
CADENZA HOLDINGS LTD (REGISTERED NUMBER: 14503253) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 24 NOVEMBER 2022 TO 31 MARCH 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
CADENZA HOLDINGS LTD |
COMPANY INFORMATION |
FOR THE PERIOD 24 NOVEMBER 2022 TO 31 MARCH 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
www.michaelfiliou.com |
Salisbury House |
81 High Street |
Potters Bar |
Hertfordshire |
EN6 5AS |
CADENZA HOLDINGS LTD (REGISTERED NUMBER: 14503253) |
ABRIDGED BALANCE SHEET |
31 MARCH 2024 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
CADENZA HOLDINGS LTD (REGISTERED NUMBER: 14503253) |
ABRIDGED BALANCE SHEET - continued |
31 MARCH 2024 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
CADENZA HOLDINGS LTD (REGISTERED NUMBER: 14503253) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 24 NOVEMBER 2022 TO 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
Cadenza Holdings Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover represents the value of rental income chargeable in respect of the company's investment properties. Turnover is recognised evenly over the period of the rental agreement. |
Tangible fixed assets |
Computer equipment | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the period 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. |
CADENZA HOLDINGS LTD (REGISTERED NUMBER: 14503253) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 24 NOVEMBER 2022 TO 31 MARCH 2024 |
3. | 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 period 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. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
Additions |
At 31 March 2024 |
DEPRECIATION |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
On 19 March 2023, the company purchased the property at 54 Wightman Road, London from its parent company, K.S. Car Electrics Limited, at the market value of £1,115,000. There were further additions to property during the period of £9,878. |
CADENZA HOLDINGS LTD (REGISTERED NUMBER: 14503253) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 24 NOVEMBER 2022 TO 31 MARCH 2024 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 1,000 |
8. | ULTIMATE CONTROLLING PARTY |
Up to 18 March 2023, the director, Mr Christopher Sandamas, held all 100% of the issued share capital of the company. |
On 18 March 2023, K.S. Car Electrics Limited, a company incorporated in England and Wales, became the parent company when it purchased all 100% of the issued share capital of the company. |