REGISTERED NUMBER: 09783248 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 December 2024

for

CADWALADERS (CARDIFF) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

10

DIRECTORS:

Mrs D E Brierley

Miss E G Brierley

SECRETARY:

Mrs D E Brierley

REGISTERED OFFICE:

Hen Dy Fferm

Garth Lane

Rudry

Caerphilly

CF83 3DR

REGISTERED NUMBER:

09783248 (England and Wales)

ACCOUNTANTS:

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

406,883

509,705

Investments

7

1

1

406,884

509,706

CURRENT ASSETS

Stocks

29,599

43,790

Debtors

8

354,732

366,688

Cash at bank and in hand

1,705

9,318

386,036

419,796

CREDITORS

Amounts falling due within one year

9

(858,910

)

(741,535

)

NET CURRENT LIABILITIES

(472,874

)

(321,739

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(65,990

)

187,967

CREDITORS

Amounts falling due after more than one year

10

(75,865

)

(121,400

)

PROVISIONS FOR LIABILITIES

(36,272

)

(35,694

)

NET (LIABILITIES)/ASSETS

(178,127

)

30,873

CAPITAL AND RESERVES

Called up share capital

12

200

200

Revaluation reserve

13

235,353

235,353

Retained earnings

13

(413,680

)

(204,680

)

SHAREHOLDERS' FUNDS

(178,127

)

30,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by:

Mrs D E Brierley - Director

1.	STATUTORY INFORMATION

Cadwaladers (Cardiff) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

The financial statements are prepared under the going concern basis. The directors believe this is appropriate as they believe that the company has the necessary resources at its disposal to meet its liabilities as they fall due.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 125 (2023 - 118 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31 December 2023

and 30 December 2024

73,700

AMORTISATION

At 31 December 2023

and 30 December 2024

73,700

NET BOOK VALUE

At 30 December 2024

-

At 30 December 2023

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 31 December 2023

464,304

631,758

-

65,403

1,161,465

Additions

-

12,276

23,055

2,719

38,050

Disposals

(37,273

)

(33,120

)

-

(2,580

)

(72,973

)

At 30 December 2024

427,031

610,914

23,055

65,542

1,126,542

DEPRECIATION

At 31 December 2023

214,913

381,446

-

55,401

651,760

Charge for year

32,863

64,595

2,402

6,170

106,030

Eliminated on disposal

(9,299

)

(26,626

)

-

(2,206

)

(38,131

)

At 30 December 2024

238,477

419,415

2,402

59,365

719,659

NET BOOK VALUE

At 30 December 2024

188,554

191,499

20,653

6,177

406,883

At 30 December 2023

249,391

250,312

-

10,002

509,705

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

23,055

At 30 December 2024

23,055

DEPRECIATION

Charge for year

2,402

At 30 December 2024

2,402

NET BOOK VALUE

At 30 December 2024

20,653

7.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 31 December 2023

and 30 December 2024

1

NET BOOK VALUE

At 30 December 2024

1

At 30 December 2023

1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Cadwaladers (Retail) Limited

Registered office:

Nature of business: Property Rentals

%

Class of shares:

holding

Ordinary

100.00

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,326

538

Amounts owed by group undertakings

307,262

328,191

Other debtors

2,000

15

Prepayments

43,144

37,944

354,732

366,688

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 11)

82,500

73,717

Other loans (see note 11)

89,596

120,000

Trade creditors

136,270

105,639

Amounts owed to group undertakings

227,486

36,193

Tax

10,030

36,435

Social security and other taxes

218,621

260,572

Other creditors

34,801

20,599

Accrued expenses

59,606

88,380

858,910

741,535

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 11)

60,185

91,960

Other loans (see note 11)

-

29,440

Hire purchase contracts

15,680

-

75,865

121,400

11.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

62,505

37,246

Bank loans

19,995

36,471

Other loans

89,596

120,000

172,096

193,717

2024

2023

£

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

10,000

27,899

Other loans - 1-2 years

-

29,440

10,000

57,339

Amounts falling due between two and five years:

Bank loans - 2-5 years

50,185

64,061

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

200

Ordinary

£1

200

200

13.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 31 December 2023

(204,680

)

235,353

30,673

Deficit for the year

(209,000

)

(209,000

)

At 30 December 2024

(413,680

)

235,353

(178,327

)

14.	ULTIMATE CONTROLLING PARTY

The controlling party is Briers Property Limited.

The ultimate controlling party is Mrs D E Brierley.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cadwaladers (Cardiff) Limited for the year ended 30 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cadwaladers (Cardiff) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cadwaladers (Cardiff) Limited and state those matters that we have agreed to state to the Board of Directors of Cadwaladers (Cardiff) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cadwaladers (Cardiff) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cadwaladers (Cardiff) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Cadwaladers (Cardiff) Limited. You consider that Cadwaladers (Cardiff) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cadwaladers (Cardiff) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

28 February 2025