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COMPANY REGISTRATION NUMBER: 14548094

Cardino Ltd

Filleted Unaudited Financial Statements

31 December 2024

Cardino Ltd

Financial Statements

Period from 1 November 2023 to 31 December 2024

Contents | Page

Officers and professional advisers | 1

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements | 2

Statement of financial position | 3

Notes to the financial statements | 5

Cardino Ltd

Officers and Professional Advisers

The board of directors | H Sachs
| L K Pajak
| P Chudzinski

Company secretary | OHS Secretaries

Registered office | The Black Barn
| Wickhurst Farm
| Leigh
| Kent
| TN11 8PS

Accountants | Complete Accounting Solutions
| Chartered Certified Accountants
| 727-729 High Road
| London
| N12 0BP

Cardino Ltd

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Cardino Ltd

Period from 1 November 2023 to 31 December 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the period ended 31 December 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP

Cardino Ltd

Statement of Financial Position

31 December 2024

| 31 Dec 24 | 31 Oct 23
Note | £ | £

Fixed assets

Investments | 4 | 3,966,008 | 829,066

Current assets

Debtors | 5 | 1 | 1
Cash at bank and in hand | 80,760 | 34,347
| -------- | --------
| 80,761 | 34,348

Creditors: amounts falling due within one year | 6 | 1,623 | 873,062
| -------- | ---------
Net current assets/(liabilities) | 79,138 | ( 838,714)
| ------------ | ---------
Total assets less current liabilities | 4,045,146 | ( 9,648)
| ------------ | -------
Net assets/(liabilities) | 4,045,146 | ( 9,648)
| ------------ | -------

Capital and reserves

Called up share capital | 7 | 138 | 87
Share premium account | 4,099,038 | –
Profit and loss account | ( 54,030) | ( 9,735)
| ------------ | -------
Shareholders funds/(deficit) | 4,045,146 | ( 9,648)
| ------------ | -------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Cardino Ltd

Statement of Financial Position (continued)

31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 17 October 2025 , and are signed on behalf of the board by:

H Sachs
Director

Company registration number: 14548094

Cardino Ltd

Notes to the Financial Statements

Period from 1 November 2023 to 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Black Barn, Wickhurst Farm, Leigh, Kent, TN11 8PS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity .
Going concern
In our opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which we believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular we believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Investments

| Shares in group undertakings
| £
Cost |
At 1 November 2023 | 829,066
Additions | 3,136,942
| ------------
At 31 December 2024 | 3,966,008
| ------------
Impairment |
At 1 November 2023 and 31 December 2024 | –
| ------------

Carrying amount |
At 31 December 2024 | 3,966,008
| ------------
At 31 October 2023 | 829,066
| ------------

The amounts above represent 100% holdings in the following entities:
Cardino ApS, an entity registered in Denmark
Cardino Auto Oy, an entity registered in Finland
Cardino GmbH, an entity registered in Germany and
Cardino BV, an entity incorporated in The Netherlands
Cardino SAS, an entity incorporated in France.
5. Debtors

| 31 Dec 24 | 31 Oct 23
| £ | £
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 1 | 1
| ---- | ----

6. Creditors: amounts falling due within one year

| 31 Dec 24 | 31 Oct 23
| £ | £
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 1 | 1
Other creditors | 1,622 | 873,061
| ------- | ---------
| 1,623 | 873,062
| ------- | ---------

Included within other creditors above is £nil (2023 : £868,880) of convertible debt .
7. Called up share capital
During the period, the company issued 610,322 Seed 1 and Seed 2 shares for a total consideration of £4,099,089.
8. Controlling party
In the opinion of the directors, there is no one controlling party.