Company Registration No. 09202681 (England and Wales)
Cardinal Healthcare Properties Limited
Unaudited accounts
for the year ended 30 June 2025
Cardinal Healthcare Properties Limited
Unaudited accounts
Contents
Cardinal Healthcare Properties Limited
Company Information
for the year ended 30 June 2025
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
Cardinal Healthcare Properties Limited
Statement of financial position
as at 30 June 2025
Cash at bank and in hand
606
251
Creditors: amounts falling due within one year
(1,938)
(44,658)
Net current assets
1,669,432
456,102
Total assets less current liabilities
1,669,432
456,105
Creditors: amounts falling due after more than one year
(1,481,569)
(426,934)
Called up share capital
100
100
Profit and loss account
187,763
29,071
Shareholders' funds
187,863
29,171
For the year ending 30 June 2025 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 11 August 2025 and were signed on its behalf by
A M Fairburn
Director
Company Registration No. 09202681
Cardinal Healthcare Properties Limited
Notes to the Accounts
for the year ended 30 June 2025
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 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.
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.
Cardinal Healthcare Properties Limited
Notes to the Accounts
for the year ended 30 June 2025
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.
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 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.
All borrowing costs are recognised in the profit or loss in the in which they are incurred.
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.
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.
Cardinal Healthcare Properties Limited
Notes to the Accounts
for the year ended 30 June 2025
4
Intangible fixed assets
Other
The intangible asset was realised, and transferred to stock.
Work in progress
1,670,601
-
The stock figure represents the development site acquired in the period. With costs prepaid in previous transferred into stock.
Amounts falling due within one year
Accrued income and prepayments
47
498,764
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
1,038
8,947
8
Creditors: amounts falling due after more than one year
2025
2024
Amounts owed to group undertakings and other participating interests
1,481,569
393,667
Taxes and social security
-
33,267
Cardinal Healthcare Properties Limited
Notes to the Accounts
for the year ended 30 June 2025
9
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.
The ultimate parent company is Cardinal Healthcare Group Ltd (15570716) . The registered office is 72a Canterbury Street, Cambridge, England, CB4 3QF.
11
Average number of employees
During the year the average number of employees was 2 (2024: 2).