2023-04-012024-03-312024-03-31falseSC041942CARDWELL AGENCIES LIMITED2024-12-24falseiso4217:GBPxbrli:pureSC0419422023-04-01SC0419422024-03-31SC0419422023-04-012024-03-31SC0419422022-04-01SC0419422023-03-31SC0419422022-04-012023-03-31SC041942bus:SmallEntities2023-04-012024-03-31SC041942bus:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC041942bus:FullAccounts2023-04-012024-03-31SC041942bus:PrivateLimitedCompanyLtd2023-04-012024-03-31SC041942core:WithinOneYear2024-03-31SC041942core:AfterOneYear2024-03-31SC041942core:WithinOneYear2023-03-31SC041942core:AfterOneYear2023-03-31SC041942core:ShareCapital2024-03-31SC041942core:SharePremium2024-03-31SC041942core:RevaluationReserve2024-03-31SC041942core:OtherReservesSubtotal2024-03-31SC041942core:RetainedEarningsAccumulatedLosses2024-03-31SC041942core:ShareCapital2023-03-31SC041942core:SharePremium2023-03-31SC041942core:RevaluationReserve2023-03-31SC041942core:OtherReservesSubtotal2023-03-31SC041942core:RetainedEarningsAccumulatedLosses2023-03-31SC041942core:LandBuildings2024-03-31SC041942core:PlantMachinery2024-03-31SC041942core:Vehicles2024-03-31SC041942core:FurnitureFittings2024-03-31SC041942core:OfficeEquipment2024-03-31SC041942core:NetGoodwill2024-03-31SC041942core:IntangibleAssetsOtherThanGoodwill2024-03-31SC041942core:ListedExchangeTraded2024-03-31SC041942core:UnlistedNon-exchangeTraded2024-03-31SC041942core:LandBuildings2023-03-31SC041942core:PlantMachinery2023-03-31SC041942core:Vehicles2023-03-31SC041942core:FurnitureFittings2023-03-31SC041942core:OfficeEquipment2023-03-31SC041942core:NetGoodwill2023-03-31SC041942core:IntangibleAssetsOtherThanGoodwill2023-03-31SC041942core:ListedExchangeTraded2023-03-31SC041942core:UnlistedNon-exchangeTraded2023-03-31SC041942core:LandBuildings2023-04-012024-03-31SC041942core:PlantMachinery2023-04-012024-03-31SC041942core:Vehicles2023-04-012024-03-31SC041942core:FurnitureFittings2023-04-012024-03-31SC041942core:OfficeEquipment2023-04-012024-03-31SC041942core:NetGoodwill2023-04-012024-03-31SC041942core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC041942core:ListedExchangeTraded2023-04-012024-03-31SC041942core:UnlistedNon-exchangeTraded2023-04-012024-03-31SC041942core:MoreThanFiveYears2023-04-012024-03-31SC041942core:Non-currentFinancialInstruments2024-03-31SC041942core:Non-currentFinancialInstruments2023-03-31SC041942dpl:CostSales2023-04-012024-03-31SC041942dpl:DistributionCosts2023-04-012024-03-31SC041942core:LandBuildings2023-04-012024-03-31SC041942core:PlantMachinery2023-04-012024-03-31SC041942core:Vehicles2023-04-012024-03-31SC041942core:FurnitureFittings2023-04-012024-03-31SC041942core:OfficeEquipment2023-04-012024-03-31SC041942dpl:AdministrativeExpenses2023-04-012024-03-31SC041942core:NetGoodwill2023-04-012024-03-31SC041942core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC041942dpl:GroupUndertakings2023-04-012024-03-31SC041942dpl:ParticipatingInterests2023-04-012024-03-31SC041942dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-31SC041942core:ListedExchangeTraded2023-04-012024-03-31SC041942dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-31SC041942core:UnlistedNon-exchangeTraded2023-04-012024-03-31SC041942dpl:CostSales2022-04-012023-03-31SC041942dpl:DistributionCosts2022-04-012023-03-31SC041942core:LandBuildings2022-04-012023-03-31SC041942core:PlantMachinery2022-04-012023-03-31SC041942core:Vehicles2022-04-012023-03-31SC041942core:FurnitureFittings2022-04-012023-03-31SC041942core:OfficeEquipment2022-04-012023-03-31SC041942dpl:AdministrativeExpenses2022-04-012023-03-31SC041942core:NetGoodwill2022-04-012023-03-31SC041942core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31SC041942dpl:GroupUndertakings2022-04-012023-03-31SC041942dpl:ParticipatingInterests2022-04-012023-03-31SC041942dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-31SC041942core:ListedExchangeTraded2022-04-012023-03-31SC041942dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-31SC041942core:UnlistedNon-exchangeTraded2022-04-012023-03-31SC041942core:NetGoodwill2024-03-31SC041942core:IntangibleAssetsOtherThanGoodwill2024-03-31SC041942core:LandBuildings2024-03-31SC041942core:PlantMachinery2024-03-31SC041942core:Vehicles2024-03-31SC041942core:FurnitureFittings2024-03-31SC041942core:OfficeEquipment2024-03-31SC041942core:AfterOneYear2024-03-31SC041942core:WithinOneYear2024-03-31SC041942core:ListedExchangeTraded2024-03-31SC041942core:UnlistedNon-exchangeTraded2024-03-31SC041942core:ShareCapital2024-03-31SC041942core:SharePremium2024-03-31SC041942core:RevaluationReserve2024-03-31SC041942core:OtherReservesSubtotal2024-03-31SC041942core:RetainedEarningsAccumulatedLosses2024-03-31SC041942core:NetGoodwill2023-03-31SC041942core:IntangibleAssetsOtherThanGoodwill2023-03-31SC041942core:LandBuildings2023-03-31SC041942core:PlantMachinery2023-03-31SC041942core:Vehicles2023-03-31SC041942core:FurnitureFittings2023-03-31SC041942core:OfficeEquipment2023-03-31SC041942core:AfterOneYear2023-03-31SC041942core:WithinOneYear2023-03-31SC041942core:ListedExchangeTraded2023-03-31SC041942core:UnlistedNon-exchangeTraded2023-03-31SC041942core:ShareCapital2023-03-31SC041942core:SharePremium2023-03-31SC041942core:RevaluationReserve2023-03-31SC041942core:OtherReservesSubtotal2023-03-31SC041942core:RetainedEarningsAccumulatedLosses2023-03-31SC041942core:NetGoodwill2022-04-01SC041942core:IntangibleAssetsOtherThanGoodwill2022-04-01SC041942core:LandBuildings2022-04-01SC041942core:PlantMachinery2022-04-01SC041942core:Vehicles2022-04-01SC041942core:FurnitureFittings2022-04-01SC041942core:OfficeEquipment2022-04-01SC041942core:AfterOneYear2022-04-01SC041942core:WithinOneYear2022-04-01SC041942core:ListedExchangeTraded2022-04-01SC041942core:UnlistedNon-exchangeTraded2022-04-01SC041942core:ShareCapital2022-04-01SC041942core:SharePremium2022-04-01SC041942core:RevaluationReserve2022-04-01SC041942core:OtherReservesSubtotal2022-04-01SC041942core:RetainedEarningsAccumulatedLosses2022-04-01SC041942core:AfterOneYear2023-04-012024-03-31SC041942core:WithinOneYear2023-04-012024-03-31SC041942core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-31SC041942core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-31SC041942core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-31SC041942core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-31SC041942core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-31SC041942core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-31SC041942core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-31SC041942core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-31SC041942core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-31SC041942core:Non-currentFinancialInstrumentscore:CostValuation2024-03-31SC041942core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-31SC041942core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-31SC041942core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-31SC041942core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-31SC041942core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-31SC041942core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-31SC041942core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-31SC041942core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-31SC041942core:Non-currentFinancialInstrumentscore:CostValuation2023-03-31SC041942core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-31SC041942core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-31SC041942core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-31SC041942core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-31SC041942core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-31SC041942core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-31SC041942core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-31SC041942core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-31SC041942bus:Director12023-04-012024-03-31SC041942core:RevaluationReserve2023-04-012024-03-31

CARDWELL AGENCIES LIMITED

Registered Number
SC041942
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2024

CARDWELL AGENCIES LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Mr E Amadei

Company Secretary

Mrs M B K Amadei

Registered Address

4 Tarbet Street
Gourock
PA19 1UF

Registered Number

SC041942 (Scotland)
CARDWELL AGENCIES LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3240599
Investment property4336,000279,000
336,240279,599
Current assets
Debtors5949518
Cash at bank and on hand207,457203,181
208,406203,699
Creditors amounts falling due within one year6(9,622)(14,836)
Net current assets (liabilities)198,784188,863
Total assets less current liabilities535,024468,462
Provisions for liabilities(20,146)(4,543)
Net assets514,878463,919
Capital and reserves
Called up share capital1,0021,002
Revaluation reserve307,961250,961
Profit and loss account205,915211,956
Shareholders' funds7514,878463,919
The financial statements were approved and authorised for issue by the Director on 24 December 2024, and are signed on its behalf by:
Mr E Amadei
Director
Registered Company No. SC041942
CARDWELL AGENCIES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered office is 4 Tarbet Street, Gourock, Renfrewshire, Scotland, PA19 1UF.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable. Turnover represents the income received through the rental of the company's investment properties.
Current taxation
Current tax is recognised in profit or loss and represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Computers - 33.33% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately within current liabilities.
Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 231,0781,078
At 31 March 241,0781,078
Depreciation and impairment
At 01 April 23479479
Charge for year359359
At 31 March 24838838
Net book value
At 31 March 24240240
At 31 March 23599599
4.Investment property
The last valuation carried out by a third party was carried out in 2019/2020. The fair value of the investment properties have been carried out by the director. No third party valuation has been used.

£
Fair value at 01 April 23279,000
Fair value adjustments57,000
At 31 March 24336,000
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables553121
Other debtors396397
Total949518
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables824469
Taxation and social security4,61210,208
Other creditors2,6002,000
Accrued liabilities and deferred income1,5862,159
Total9,62214,836
7.Revaluation reserve
Fair value movements on investment properties are accounted for through profit or loss. As these reserves are not distributable, a separate transfer has been made to the revaluation reserve to separate these non-distributable reserves from the distributable reserves included in retained earnings.

£
Reserve at 01 April 23250,961
Revaluations of other assets57,000
At 31 March 24307,961