Company registration number 01653940 (England and Wales)
Cardway Limited
Unaudited Financial Statements
For the year ended 31 October 2025
Cardway Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7
Cardway Limited
Statement of financial position
As at 31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,368
94
Investment property
4
2,444,551
2,245,208
2,446,919
2,245,302
Current assets
Debtors
5
17,973
28,877
Cash at bank and in hand
337,464
391,320
355,437
420,197
Creditors: amounts falling due within one year
6
(105,121)
(100,402)
Net current assets
250,316
319,795
Total assets less current liabilities
2,697,235
2,565,097
Provisions for liabilities
(286,137)
(232,697)
Net assets
2,411,098
2,332,400
Capital and reserves
Called up share capital
1,100,000
1,100,000
Other reserves
263,297
229,902
Profit and loss reserves
1,047,801
1,002,498
Total equity
2,411,098
2,332,400
Cardway Limited
Statement of financial position (continued)
As at 31 October 2025
- 2 -

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 9 April 2026 and are signed on its behalf by:
Mr J Redfern
Director
Company registration number 01653940 (England and Wales)
Cardway Limited
Notes to the financial statements
For the year ended 31 October 2025
- 3 -
1
Accounting policies
Company information

Cardway Limited is a private company limited by shares incorporated in England and Wales. The registered office is Meadowlands, 17 Meadow Avenue, Congleton, Cheshire, England, CW12 4BX.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

Other income

Property rental

Turnover also represents rental income received in the year.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance
Computers
25% cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

Cardway Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Cardway Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
6
3
Tangible fixed assets
Cardway Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
3
Tangible fixed assets
(Continued)
- 6 -
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 November 2024
999
2,664
3,663
Additions
230
2,833
3,063
At 31 October 2025
1,229
5,497
6,726
Depreciation and impairment
At 1 November 2024
905
2,664
3,569
Depreciation charged in the year
81
708
789
At 31 October 2025
986
3,372
4,358
Carrying amount
At 31 October 2025
243
2,125
2,368
At 31 October 2024
94
-
0
94
4
Investment property
2025
£
Fair value
At 1 November 2024
2,245,208
Additions
112,508
Revaluations
86,835
At 31 October 2025
2,444,551

Investment property comprises commercial property. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors on an open market basis on 31 October 2025. The valuation was made by reference to market evidence of transaction prices for similar properties.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,352
9,522
Other debtors
15,621
19,355
17,973
28,877
Cardway Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
- 7 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
614
586
Taxation and social security
37,446
31,431
Other creditors
67,061
68,385
105,121
100,402
2025-10-31 2024-11-01 false false false 09 April 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr John Redfern Mr John Louis Redfern Mrs Brenda Margaret Redfern Mrs B M Redfern 01653940 2024-11-01 2025-10-31 01653940 2025-10-31 01653940 2024-10-31 01653940 core:FurnitureFittings 2025-10-31 01653940 core:ComputerEquipment 2025-10-31 01653940 core:FurnitureFittings 2024-10-31 01653940 core:ComputerEquipment 2024-10-31 01653940 core:CurrentFinancialInstruments core:WithinOneYear 2025-10-31 01653940 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 01653940 core:ShareCapital 2025-10-31 01653940 core:ShareCapital 2024-10-31 01653940 core:OtherMiscellaneousReserve 2025-10-31 01653940 core:OtherMiscellaneousReserve 2024-10-31 01653940 core:RetainedEarningsAccumulatedLosses 2025-10-31 01653940 core:RetainedEarningsAccumulatedLosses 2024-10-31 01653940 bus:Director1 2024-11-01 2025-10-31 01653940 core:FurnitureFittings 2024-11-01 2025-10-31 01653940 core:ComputerEquipment 2024-11-01 2025-10-31 01653940 2023-11-01 2024-10-31 01653940 core:FurnitureFittings 2024-10-31 01653940 core:ComputerEquipment 2024-10-31 01653940 2024-10-31 01653940 core:CurrentFinancialInstruments 2025-10-31 01653940 core:CurrentFinancialInstruments 2024-10-31 01653940 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 01653940 bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 01653940 bus:FRS102 2024-11-01 2025-10-31 01653940 bus:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 01653940 bus:Director2 2024-11-01 2025-10-31 01653940 bus:Director3 2024-11-01 2025-10-31 01653940 bus:CompanySecretary1 2024-11-01 2025-10-31 01653940 bus:FullAccounts 2024-11-01 2025-10-31 xbrli:pure xbrli:shares iso4217:GBP