Caseware UK (AP4) 2024.0.164 2024.0.164 4The principal activity of the company continued to be that of property advisory services.2023-07-01false4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02089233 2023-07-01 2024-06-30 02089233 2022-07-01 2023-06-30 02089233 2024-06-30 02089233 2023-06-30 02089233 c:Director3 2023-07-01 2024-06-30 02089233 d:PlantMachinery 2023-07-01 2024-06-30 02089233 d:PlantMachinery 2024-06-30 02089233 d:PlantMachinery 2023-06-30 02089233 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02089233 d:FurnitureFittings 2023-07-01 2024-06-30 02089233 d:FurnitureFittings 2024-06-30 02089233 d:FurnitureFittings 2023-06-30 02089233 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02089233 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02089233 d:CurrentFinancialInstruments 2024-06-30 02089233 d:CurrentFinancialInstruments 2023-06-30 02089233 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 02089233 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 02089233 d:ShareCapital 2024-06-30 02089233 d:ShareCapital 2023-06-30 02089233 d:RetainedEarningsAccumulatedLosses 2024-06-30 02089233 d:RetainedEarningsAccumulatedLosses 2023-06-30 02089233 c:OrdinaryShareClass1 2023-07-01 2024-06-30 02089233 c:OrdinaryShareClass1 2024-06-30 02089233 c:OrdinaryShareClass1 2023-06-30 02089233 c:FRS102 2023-07-01 2024-06-30 02089233 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02089233 c:FullAccounts 2023-07-01 2024-06-30 02089233 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02089233 6 2023-07-01 2024-06-30 02089233 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02089233










Cardinal Securities Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 June 2024

 
Cardinal Securities Limited
Registered number: 02089233

Balance sheet
As at 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,489
6,750

Investments
 5 
272
272

  
3,761
7,022

Current assets
  

Debtors: amounts falling due within one year
 6 
93,552
111,708

Bank and cash balances
  
135,875
177,134

  
229,427
288,842

Creditors: amounts falling due within one year
 7 
(27,803)
(21,952)

Net current assets
  
 
 
201,624
 
 
266,890

Total assets less current liabilities
  
205,385
273,912

  

Net assets
  
205,385
273,912


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
204,385
272,912

  
205,385
273,912


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 comprehensive income 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 by: 


L G Marks
Director
Date: 26 March 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
Cardinal Securities Limited
Registered number: 02089233

Balance sheet (continued)
As at 30 June 2024


Page 2

 
Cardinal Securities Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

1.


General information

The Company is a private company limited by shares, incorporated and domiciled in England & Wales. The Company's registered office is 2nd Floor 168 Shoreditch High Street, London, United Kingdom, E1 6RA. The Company's principal place of business is 95 Dorset House, Gloucester Place, London, NW1 5AF. The principal activity of the company continued to be that of property advisory services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102), the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also required management to exercise judgement in applying the company's accounting policies.
The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises fees receivable recognised by the company in respect of management services supplied, excluding discounts, rebates value added tax and other sales taxes.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
per annum on written down value
Fixtures and fittings
-
25%
per annum on written down value

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

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.


Page 3

 
Cardinal Securities Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.



3.


Employees

2024
2023
£
£

Wages and salaries
201,674
205,008

Social security costs
18,181
22,462

219,855
227,470


The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 4

 
Cardinal Securities Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost


At 1 July 2023
11,233
3,252
14,485


Disposals
(7,435)
-
(7,435)



At 30 June 2024

3,798
3,252
7,050



Depreciation


At 1 July 2023
5,688
2,047
7,735


Charge for the year on owned assets
646
301
947


Disposals
(5,121)
-
(5,121)



At 30 June 2024

1,213
2,348
3,561



Net book value



At 30 June 2024
2,585
904
3,489



At 30 June 2023
5,545
1,205
6,750


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 July 2023
272



At 30 June 2024
272








 

Page 5

 
Cardinal Securities Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

6.


Debtors

2024
2023
£
£


Trade debtors
3,000
-

Amounts owed by group undertakings
75,000
35,000

Other debtors
7,204
65,876

Prepayments and accrued income
8,348
10,832

93,552
111,708



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
300
870

Other taxation and social security
15,594
7,804

Other creditors
869
-

Accruals and deferred income
11,040
13,278

27,803
21,952



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



9.


Controlling party

The company regards Cardinal Estates Limited as its immediate parent company and Cardinal Group Limited as its ultimate parent company.
The company considers its ultimate control relationship to be the directors of Cardinal Group Limited.
All companies mentioned above are registered in England and Wales.


Page 6