Registration number: 03966372

Cardonpark Limited

Contents

Accountants' Report	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	4

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Cardonpark Limited
for the Year Ended 5 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cardonpark Limited for the year ended 5 April 2025 as set out on pages 2 to 9 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 at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Cardonpark Limited, as a body, in accordance with the terms of our engagement letter dated 18 November 2021. Our work has been undertaken solely to prepare for your approval the accounts of Cardonpark Limited and state those matters that we have agreed to state to the Board of Directors of Cardonpark Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cardonpark Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Cardonpark Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Cardonpark Limited. You consider that Cardonpark 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 accounts of Cardonpark 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 accounts.

Dodd & Co Limited
Chartered Accountants
Clint Mill
Cornmarket
PENRITH
CA11 7HW

1 October 2025

Cardonpark Limited

(Registration number: 03966372)
Balance Sheet as at 5 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	289	184
Investment property	5	685,000	685,000
		685,289	685,184
Current assets
Debtors	6	81,265	95,896
Cash and cash equivalents		189,817	213,128
		271,082	309,024
Creditors: Amounts falling due within one year	7	(8,573)	(13,167)
Net current assets		262,509	295,857
Net assets		947,798	981,041
Capital and reserves
Allotted, called up and fully paid share capital		205,549	205,549
Non-distributable reserve		166,453	166,453
Profit and loss account		575,796	609,039
Total equity		947,798	981,041

Cardonpark Limited

(Registration number: 03966372)
Balance Sheet as at 5 April 2025 (continued)

For the financial year ending 5 April 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 October 2025 and signed on its behalf by:
 

.........................................

T W George

Company secretary and director

Cardonpark Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Edenwood
Langwathby
PENRITH
CA10 1NB

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Cardonpark Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	33% straight line basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Cardonpark Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

Cardonpark Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Cardonpark Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)

4	Tangible assets

	Office equipment  £	Total £
Cost or valuation
At 6 April 2024	2,780	2,780
Additions	299	299
Disposals	(790)	(790)
At 5 April 2025	2,289	2,289
Depreciation
At 6 April 2024	2,596	2,596
Charge for the year	194	194
Eliminated on disposal	(790)	(790)
At 5 April 2025	2,000	2,000
Carrying amount
At 5 April 2025	289	289
At 5 April 2024	184	184

5	Investment properties

	£
At 6 April 2024	685,000
At 5 April 2025	685,000

The directors have reviewed the values of the investment property taking into account similar property and similar locations and believe no further revaluations are required. There has been no valuation of investment property by an independent valuer.

6

Debtors

	2025 £	2024 £
Trade debtors	700	150
Other debtors	80,565	95,746
	81,265	95,896
Less non-current portion	(64,180)	(74,942)
	17,085	20,954

Cardonpark Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)

7

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	1,879	-
Trade creditors		8	8
Corporation tax liability		-	6,923
Other creditors		6,686	6,236
		8,573	13,167

8	Loans and borrowings

	2025 £	2024 £
Current loans and borrowings
Other borrowings	1,879	-

9	Related party transactions

Transactions with directors

2025	At 6 April 2024 £	Advances £	Repayments £	Other payments £	Dividends credited £	Interest £	At 5 April 2025 £
T W George
Advances	3,238	-	(88)	-	(3,150)	-	-

2024	At 6 April 2023 £	Advances £	Repayments £	Other payments £	Dividends credited £	Interest £	At 5 April 2024 £
T W George
Advances	3,326	10,563	(832)	-	(10,000)	181	3,238

Directors' advances are repayable on demand.

No interest has been charged on advances to directors (2024- 2.25%)