Caseware UK (AP4) 2024.0.164 2024.0.164 0trueInvestment in investment propertiesfalsefalsetrue2023-07-010The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02669246 2023-07-01 2024-06-30 02669246 2022-07-01 2023-06-30 02669246 2024-06-30 02669246 2023-06-30 02669246 c:Director3 2023-07-01 2024-06-30 02669246 d:CurrentFinancialInstruments 2024-06-30 02669246 d:CurrentFinancialInstruments 2023-06-30 02669246 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 02669246 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 02669246 d:ShareCapital 2024-06-30 02669246 d:ShareCapital 2023-06-30 02669246 d:RetainedEarningsAccumulatedLosses 2024-06-30 02669246 d:RetainedEarningsAccumulatedLosses 2023-06-30 02669246 c:OrdinaryShareClass1 2023-07-01 2024-06-30 02669246 c:OrdinaryShareClass1 2024-06-30 02669246 c:OrdinaryShareClass1 2023-06-30 02669246 c:FRS102 2023-07-01 2024-06-30 02669246 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02669246 c:FullAccounts 2023-07-01 2024-06-30 02669246 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02669246 6 2023-07-01 2024-06-30 02669246 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02669246










Cardinal Estates Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 June 2024

 
Cardinal Estates Limited
Registered number: 02669246

Balance sheet
As at 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
295,006
230,008

  
295,006
230,008

Current assets
  

Bank and cash balances
  
12,024
1,348

  
12,024
1,348

Creditors: amounts falling due within one year
 5 
(46,000)
(2,617)

Net current liabilities
  
 
 
(33,976)
 
 
(1,269)

Total assets less current liabilities
  
261,030
228,739

  

Net assets
  
261,030
228,739


Capital and reserves
  

Called up share capital 
 6 
1,000
1,000

Profit and loss account
  
260,030
227,739

  
261,030
228,739


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 by: 




L G Marks
Director
Date: 26 March 2025

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
Cardinal Estates 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, E1 6RA. The Company's principal place of business is 95 Dorset House, Gloucester Place, London, NW1 5AF. The principal activity continued to be that of investment in investment property companies.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

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.

 
2.4

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.5

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




The average monthly number of employees, excluding directors, during the year was 0 (2023 - 0).

Page 2

 
Cardinal Estates Limited
 

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

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 July 2023
230,008


Reversal of impairment
64,998



At 30 June 2024
295,006





5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
40,000
-

Accruals and deferred income
6,000
2,617

46,000
2,617



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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



7.


Controlling party

The Company regards Cardinal Group Limited as its immediate and 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 3