Company No:
Contents
| Directors | L G Marks (Appointed 01 July 2024) |
| A L Martin Smith (Appointed 25 January 2025) | |
| R G Williams (Resigned 25 January 2025) |
| Secretary | H G Williams |
| Registered office | 2nd Floor 168 Shoreditch High Street |
| London | |
| E1 6RA | |
| United Kingdom |
| Company number | 01117715 (England and Wales) |
| Accountant | Kreston Reeves LLP |
| 2nd Floor | |
| 168 Shoreditch High Street | |
| London | |
| E1 6RA |
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investments | 3 |
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| 1,525,086 | 2,845,086 | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 10,434,233 | 9,447,110 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current assets | 8,474,583 | 7,487,700 | ||
| Total assets less current liabilities | 9,999,669 | 10,332,786 | ||
| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 6 |
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| Share premium account |
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| Profit and loss account |
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Cardinal Group Limited (registered number:
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L G Marks
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
The Company is a private company, limited by shares, incorporated and domiciled in England and Wales. The company's registered office is 2nd Floor, 168 Shoreditch High Street, London, E1 6RA. The Company's principal place of business is 95 Dorset House, Gloucester Place, London, NW1 5AF. The principal activity of the company continued to be that of a holding company.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
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 financial statements. 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.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Investments in subsidiaries are measured at cost less accumulated impairment.
The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, excluding directors |
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Investments in subsidiaries
| 2025 | |
| £ | |
| Cost | |
| At 01 July 2024 |
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| Revaluation | (1,320,000) |
| At 30 June 2025 |
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| Carrying value at 30 June 2025 |
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| Carrying value at 30 June 2024 |
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| 2025 | 2024 | ||
| £ | £ | ||
| Amounts owed by Group undertakings |
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| 2025 | 2024 | ||
| £ | £ | ||
| Amounts owed to Group undertakings |
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| Accruals |
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| 2025 | 2024 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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Dividends
Interim dividends paid on equity capital of £3.27 (2024: £3.27) per share each.
| 2025 | 2024 | ||
| £ | £ | ||
| Aggregate dividend paid |
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Contingent liabilities
At the year end, Cardinal Estates Limited, a subsidiary of the company, has not utilised this facility (2024: £Nil) and therefore no provision has been made in the accounts of Cardinal Group Limited or Delsecurity Limited.