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Company Registration No. 09202681 (England and Wales)
Cardinal Healthcare Properties Limited Unaudited accounts for the period from 1 April 2023 to 30 June 2024
Cardinal Healthcare Properties Limited Unaudited accounts Contents
Page
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Cardinal Healthcare Properties Limited Company Information for the period from 1 April 2023 to 30 June 2024
Directors
A M Fairburn P A Dorai
Company Number
09202681 (England and Wales)
Registered Office
72a Canterbury Street Cambridge CB4 3QF
Accountants
Accountancy Plus & Payroll People Ltd 9 Langley Street Langley Norwich Norfolk NR14 6DE
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Cardinal Healthcare Properties Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
3 
3 
Tangible assets
- 
1,728 
Investment property
- 
856,623 
3 
858,354 
Current assets
Inventories
- 
400,843 
Debtors
500,509 
497,936 
Cash at bank and in hand
251 
485,470 
500,760 
1,384,249 
Creditors: amounts falling due within one year
(44,658)
(2,217,450)
Net current assets/(liabilities)
456,102 
(833,201)
Total assets less current liabilities
456,105 
25,153 
Creditors: amounts falling due after more than one year
(426,934)
(33,267)
Provisions for liabilities
Deferred tax
- 
(17,100)
Net assets/(liabilities)
29,171 
(25,214)
Capital and reserves
Called up share capital
100 
100 
Fair value reserve
- 
53,403 
Profit and loss account
29,071 
(78,717)
Shareholders' funds
29,171 
(25,214)
For the period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by
A M Fairburn Director Company Registration No. 09202681
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Cardinal Healthcare Properties Limited Notes to the Accounts for the period from 1 April 2023 to 30 June 2024
1
Statutory information
Cardinal Healthcare Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 09202681. The registered office is 72a Canterbury Street, Cambridge, CB4 3QF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The Directors have considered the Company's position at the time of signing of the financial statements, and based on this, the Directors have concluded that they have a reasonable expectation the Company will have adequate resources to continue in operation existence for the foreseeable future and there therefore continue to adopt the going concern basis of the accounting in preparing thee financial statements.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reaching balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Cash & cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable within 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 know amounts of cash with insignificant risk of change in value.
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Cardinal Healthcare Properties Limited Notes to the Accounts for the period from 1 April 2023 to 30 June 2024
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loan to related parties and investments in ordinary shares.
Creditors
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transactions costs, and are measure subsequently at amortised cost using the effective interest method.
Finance costs
Finance costs are charged to the profit or loss over the terms of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeded of the associated capital instrument.
Borrowing costs
All borrowing costs are recognised in the profit or loss in the in which they are incurred.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Reserves
Other reserves represents the aggregate cumulative revaluation of the properties. All of which have now been recognised in the profit & loss account in the period following the transfer of the properties.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
3 
At 30 June 2024
3 
Amortisation
At 1 April 2023
- 
At 30 June 2024
- 
Net book value
At 30 June 2024
3 
At 31 March 2023
3 
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Cardinal Healthcare Properties Limited Notes to the Accounts for the period from 1 April 2023 to 30 June 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
2,673 
1,225 
3,898 
Additions
472 
1,367 
1,839 
Disposals
(3,145)
(2,592)
(5,737)
At 30 June 2024
- 
- 
- 
Depreciation
At 1 April 2023
1,546 
624 
2,170 
Charge for the period
499 
615 
1,114 
On disposals
(2,045)
(1,239)
(3,284)
At 30 June 2024
- 
- 
- 
Net book value
At 30 June 2024
- 
- 
- 
At 31 March 2023
1,127 
601 
1,728 
6
Investment property
2024 
£ 
Fair value at 1 April 2023
856,623 
Additions
522,194 
Disposals
(1,779,660)
Transfers from tangible fixed assets
400,843 
At 30 June 2024
- 
The company reclassified stock in the period to investment property. All properties were transferred at market value to a fellow group member. The properties were professionally valued by, Fenn Wright in December 2023.
7
Inventories
2024 
2023 
£ 
£ 
Finished goods
- 
400,843 
- 
400,843 
The company reclassified stock in the period to investment property
8
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,745 
7,096 
Accrued income and prepayments
498,764 
488,763 
Other debtors
- 
2,077 
500,509 
497,936 
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Cardinal Healthcare Properties Limited Notes to the Accounts for the period from 1 April 2023 to 30 June 2024
9
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
34,811 
1,960 
Taxes and social security
8,947 
21,045 
Other creditors
- 
2,109 
Loans from directors
- 
2,191,436 
Accruals
900 
900 
44,658 
2,217,450 
10
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
393,667 
- 
Taxes and social security
33,267 
33,267 
426,934 
33,267 
11
Transactions with related parties
The company has taken advantage of the exemption in Section 33 of Financial Reporting Standard 102 from the requirement to disclose transactions with wholly owned companies within the group.
12
Controlling party
The ultimate parent company is Cardinal Healthcare Group Ltd (15570716) . The registered office is 72a Canterbury Street, Cambridge, England, CB4 3QF.
13
Average number of employees
During the period the average number of employees was 2 (2023: 2).
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